证券日报网讯2月25日，浙江美大（002677）在互动平台回答投资者提问时表示，截至2026年2月13日， 公司的股东人数为49370户。 ...

近7个交易日(2026年2月6日至13日)，浙江美大股价从2月6日收盘价9.55元波动至2月13日最新价8.99 元，区间跌幅约5.86%。期间成交量显著，2月9日换手率达3.59%，单日成交额1.79亿元；2月13日换手 率为0.64%，成交金额3066万元。技术面显示股价处于震荡行情，20日布林带压力位9.72元，支撑位 8.67元。 以上内容基于公开资料整理，不构成投资建议。 经济观察网截至2026年2月10日，浙江美大（002677）股东户数为4.95万户，较1月30日减少1.69%，户 均持股数量上升至1.31万股。2月12日主力资金净流入102.49万元，游资资金净流入174.82万元，散户资 金净流出277.31万元。 股票近期走势 ...

证券日报网讯2月12日，浙江美大（002677）在互动平台回答投资者提问时表示，截至2026年2月10日， 公司的股东人数为49471户。 ...

Investment Rating - The investment rating for the company is "Cautious Accumulate" [4][12]. Core Views - The report indicates that the home appliance industry is facing significant pressure due to weak demand and intense competition, leading to challenges in revenue and performance [2][12]. - The company is expected to experience a substantial decline in net profit for 2025, with estimates ranging from 0.10 to 0.15 billion yuan, representing a year-on-year decrease of approximately 86.42% to 90.95% [12]. - The report highlights that the decline in performance is primarily due to weak market demand for integrated stoves and increased competition, resulting in reduced sales volume and order intake [12]. Financial Summary - Total revenue is projected to decline from 1.673 billion yuan in 2023 to 439 million yuan in 2025, reflecting a decrease of 47.5% [10]. - Net profit attributable to the parent company is expected to drop from 464 million yuan in 2023 to 14 million yuan in 2025, a decline of 86.9% [10]. - Earnings per share (EPS) is forecasted to decrease from 0.72 yuan in 2023 to 0.02 yuan in 2025, with a subsequent recovery to 0.07 yuan in 2026 and 0.14 yuan in 2027 [10][12]. Market Data - The company's target price is set at 10.50 yuan, based on a price-to-earnings (PE) ratio of 150x for 2026 [4][12]. - The stock has a 52-week price range of 6.74 to 10.20 yuan, with a total market capitalization of 6.17 billion yuan [5][12]. - The company has a net asset value per share of 2.29 yuan and a current price-to-book (P/B) ratio of 4.2 [6][10].

Core Insights - Zhejiang Meida Industrial Co., Ltd. forecasts a net profit of 10 million to 15 million yuan for 2025, amidst severe challenges in the integrated stove industry [1] - The company is leveraging AI technology and a diversified ecosystem strategy to seek new growth engines in a sluggish market environment [1] Industry Overview - The overall demand in the integrated stove industry is slowing down due to a prolonged downturn in the real estate market and weakened consumer spending [1] - Integrated stoves are closely linked to new home renovations and old home upgrades, making them directly affected by fluctuations in the real estate market [1] Strategic Adjustments - In response to market changes, the company is actively restructuring its product offerings, focusing on a strategy centered around "scenario-based, integrated, and AI intelligent" solutions [1] - The company held an annual meeting in January 2026, themed "New Situation, New Model, New Development," which served as a strategic starting point for launching new products focused on "smart cooking, healthy kitchens, and integrated aesthetics" [1][2] Technological Advancements - The company has been investing in smart technology, launching a series of AI-integrated products since 2024, including a design software called "AI Meida Home" aimed at enhancing terminal sales [2] - In June 2025, the company invested approximately 110 million yuan in an autonomous driving technology company, acquiring about 4.87% of its shares [2] Alignment with National Policies - The company's strategic adjustments align with national policies promoting "large-scale equipment updates and consumer goods replacement," reflecting a shift from "incremental growth" to "structural optimization" in the kitchen appliance industry [2] - The integrated stove, being space-saving and energy-efficient, fits well within the trend of energy conservation and environmental protection [2] Market Position and Future Outlook - Despite external challenges leading to a temporary decline in revenue, the company maintains its leading position in the integrated stove sector and is exploring multi-channel marketing strategies to boost scale and profitability [3] - The kitchen appliance industry is undergoing a fundamental shift towards "smart" and "intelligent" products, with a vision for integrated smart kitchen solutions by 2030 [3] - The company is working to bridge the gap between the "smart ecosystem within the kitchen" and the "technological vision outside the kitchen" [3][4]

Group 1 - The company Zhejiang Meida (002677) reported that as of January 30, 2026, the number of shareholders is 50,320 [1]

Group 1 - The kitchen and bathroom appliance sector increased by 1.86% on February 3, with Zhejiang Meida leading the gains [1] - The Shanghai Composite Index closed at 4067.74, up 1.29%, while the Shenzhen Component Index closed at 14127.1, up 2.19% [1] - Key stocks in the kitchen and bathroom appliance sector showed varied performance, with Zhejiang Meida rising by 6.51% to a closing price of 9.49 [1] Group 2 - The main capital inflow in the kitchen and bathroom appliance sector was 28.25 million yuan, while retail investors experienced a net outflow of 5.27 million yuan [1] - Among individual stocks, Boss Electric had a main capital inflow of 34.75 million yuan, but also saw a retail outflow of 16.90 million yuan [2] - Zhejiang Meida experienced a main capital inflow of 10.21 million yuan, with retail investors contributing a net inflow of 0.49 million yuan [2]

Group 1 - Zhejiang Meida expects a net profit attributable to shareholders of 10 million to 15 million yuan for 2025, representing a year-on-year decline of 86.42% to 90.95% [1] - The basic earnings per share are projected to be between 0.0155 yuan and 0.0232 yuan [1] - The decline in performance is primarily due to a slowdown in market demand for integrated stove products, resulting in reduced orders and sales, leading to a decrease in main business revenue compared to the previous year [1] Group 2 - In response to market demand, the company has adjusted its product structure, which has led to a decrease in sales prices and gross profit margins [1] - The company's net profit has decreased compared to the previous year due to these factors [1]

Core Viewpoint - Zhejiang Meida expects a net profit of 10 million to 15 million yuan for the year 2025, representing a year-on-year decline of 86.42% to 90.95% [1] Group 1: Performance Outlook - The primary reason for the performance decline is the slowdown in market demand for the integrated stove industry, leading to a decrease in product orders and sales [1] - The company's main business revenue is expected to decrease compared to the previous year due to the reduced market demand [1] Group 2: Product and Pricing Adjustments - In response to market demand, the company has adjusted its product structure, which has resulted in a decline in sales prices and gross profit margins [1] - The net profit is anticipated to decrease compared to the previous year due to these adjustments [1]

Core Viewpoint - Zhejiang Meida (002677.SZ) expects a significant decline in net profit for 2025, projecting a range of 10 million to 15 million yuan, which represents a decrease of 86.42% to 90.95% compared to the previous year [1] Group 1: Financial Performance - The net profit attributable to shareholders, excluding non-recurring gains and losses, is expected to be between 9 million and 13 million yuan, reflecting a decline of 88.21% to 91.84% year-on-year [1] Group 2: Market Conditions - The primary reasons for the performance decline include a slowdown in market demand for integrated stoves, leading to reduced product orders and sales, which in turn has decreased the company's main business revenue compared to the previous year [1] - To adapt to market demand, the company has adjusted its product structure, resulting in lower sales prices and gross margins, further contributing to the decline in net profit [1]