Core Viewpoint - Zhejiang Meida (002677) announced that shareholder Wang Peifei reduced his stake in the company by 3.5575 million shares, representing 0.5507% of the total share capital, at an average price of 6.77 yuan/share and 6.83 yuan/share [1] Summary by Relevant Sections - Shareholder Activity - Wang Peifei's share reduction occurred between June 23 and June 24, 2025 [1] - After the reduction, Wang Peifei holds 32.3025 million shares, which is 4.9999% of the total share capital, thus no longer being a shareholder with over 5% ownership [1]

Core Viewpoint - Zhejiang Meida, facing a significant decline in its core business, has announced a cross-industry investment of 110 million yuan in the smart driving company, Magic Vision, which is equivalent to its entire net profit for the previous year [2][12]. Company Summary - Zhejiang Meida's revenue for 2024 was 877.42 million yuan, a decrease of 47.54% compared to 1.67 billion yuan in 2023, and its net profit dropped by 76.21% to 110.45 million yuan [4][9]. - The company's core product, integrated stoves, saw a gross margin decline of 7.39% [4]. - The company has experienced three consecutive years of revenue decline, with a projected further drop in 2025, as Q1 revenue was less than 100 million yuan, representing a year-on-year decline of 89.90% [4][6]. Industry Summary - The integrated stove industry is currently facing a downturn, with major players reporting significant revenue and profit declines in 2024. Mars (火星人) saw a 35.68% drop in revenue, while Yitian Smart (亿田智能) and Shuaifeng Electric (帅丰电器) reported declines of 42.73% and 48.29%, respectively [6]. - The overall market for integrated stoves has seen a retail sales decline of 30.6% in 2024, contrasting with growth in traditional kitchen appliance categories such as range hoods and gas stoves [6][7]. - Factors contributing to the industry's struggles include a sluggish real estate market leading to reduced renovation demand and a trend of consumer downgrade, making high-priced integrated stoves less appealing [7]. Investment Details - Zhejiang Meida plans to invest 110 million yuan in Magic Vision, acquiring a 4.87% stake in the company [3][10]. - Magic Vision reported a net loss of 148 million yuan in 2024, with total liabilities of 274 million yuan and a net asset value of approximately 30.36 million yuan [10][11]. - The investment is seen as a strategic move to tap into the growing smart driving sector, although Magic Vision has yet to achieve profitability and faces ongoing financial pressures [12].

Group 1 - Zhejiang Meida has invested 110 million yuan to acquire a 4.8657% stake in Magic Vision Intelligent, a company focused on autonomous driving and advanced driver assistance technology [1][2] - The investment includes 100 million yuan for subscribing to new registered capital and 99 million yuan for acquiring shares from Motovis Limited, resulting in a total investment of 110 million yuan [1] - Magic Vision Intelligent has a total asset of 304 million yuan and a net asset of 30 million yuan as of March 31, 2025, with a pre-investment valuation of 2.25 billion yuan [1] Group 2 - The intelligent driving industry is experiencing rapid growth due to increasing penetration rates in passenger and commercial vehicles [2] - Magic Vision Intelligent has successfully delivered products to major automotive clients such as GAC Aion, BAIC Jihe, Chery, and Changan [2] - Zhejiang Meida aims to leverage the growth opportunities in the intelligent driving sector through this investment, enhancing shareholder returns and exploring new business models [3]

Core Viewpoint - The ongoing downturn in the real estate market is negatively impacting the kitchen appliance industry, particularly the integrated stove sector, prompting leading companies to accelerate diversification efforts [2][9]. Group 1: Company Developments - Zhejiang Meida announced an investment in the intelligent driving company Magic Vision Technology, marking its entry into the smart driving sector with a total investment of approximately 110 million RMB [3]. - Other major players in the integrated stove market, such as Mars, Yitian Smart, and Shuaifeng Electric, are also expanding into new areas like robotics and computing infrastructure [2][6]. - The investment in Magic Vision is seen as a strategic move to leverage the growth potential in the smart driving industry, which is experiencing rapid development due to increasing penetration rates of intelligent driving systems [3][4]. Group 2: Industry Trends - The integrated stove industry has faced significant challenges since 2022, with companies experiencing substantial declines in revenue and net profit [9]. - The overall market for integrated stoves is projected to remain weak, with a 30.6% year-on-year decline in retail sales in 2024, indicating a difficult adjustment period for the industry [11]. - Emerging product categories, such as integrated cooking centers, are gaining traction, with a reported growth of over 100% in 2024, posing a competitive threat to traditional integrated stoves [12]. Group 3: Financial Performance - Zhejiang Meida's revenue and net profit have seen significant declines, with a 47.54% drop in revenue and a 76.21% drop in net profit projected for 2024 [9]. - Other companies in the integrated stove sector, including Mars and Yitian Smart, have also reported substantial declines in financial performance, with some facing losses [9][11]. - The stock prices of these companies have generally trended downward since their peak in 2021, reflecting the challenging market conditions [9].

Core Viewpoint - Zhejiang Meida announced its first cross-industry investment in the intelligent driving sector, aiming to capitalize on growth opportunities and enhance shareholder returns [1] Company Summary - Zhejiang Meida plans to invest approximately 100 million yuan to acquire a 3.96% stake in Moshih Intelligent, a company focused on autonomous driving and advanced driver-assistance technology [1] - The pre-investment valuation of Moshih Intelligent is 2.25 billion yuan, and after the investment, Zhejiang Meida will hold about 4.87% of the company [1] - Moshih Intelligent provides comprehensive intelligent driving solutions, including environmental perception, path planning, and decision control, and has established a significant presence in both passenger and commercial vehicle markets [1] Industry Summary - The intelligent driving industry is experiencing rapid growth, driven by increasing penetration rates of intelligent driving systems in both passenger and commercial vehicles [1] - Moshih Intelligent's products have successfully been implemented with multiple customers in the passenger and commercial vehicle sectors, indicating strong market demand [1] - The investment aligns with Zhejiang Meida's strategic development goals and is expected to enhance the company's investment capabilities and benefit shareholders in the long term [2]

Group 1 - Zhejiang Meida is focused on the integrated stove industry and is actively expanding into integrated sinks, dishwashers, water heaters, whole-house water purification systems, and customized home solutions, aiming to provide a comprehensive smart living experience [1] - In 2024, Zhejiang Meida's main business faced significant pressure, with annual revenue of 877 million yuan, a year-on-year decrease of 47.54%, and a net profit attributable to shareholders of 110 million yuan, down 76.21% year-on-year [1] - The investment in Magic Vision Technology represents an important step for Zhejiang Meida in the smart technology sector, as the company seeks to diversify its development paths amid increasing consumer demand for smart products [1][2] Group 2 - Magic Vision Technology specializes in the research and production of autonomous driving and advanced driver assistance technologies, providing comprehensive smart driving solutions that cover various driving scenarios [1][2] - The smart driving industry is entering a rapid development phase, with increasing penetration rates in passenger and commercial vehicles, and the company recognizes the growth potential in this sector [2] - Zhejiang Meida plans to invest approximately 110 million yuan in Magic Vision Technology, acquiring a total of 12.31 thousand US dollars in registered capital, which will represent 4.8657% of the total share capital after the transaction [3]

证券代码：002677 证券简称：浙江美大 公告编号：2025-019 浙江美大实业股份有限公司 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 一、对外投资概述 浙江美大实业股份有限公司（以下简称"公司"）基于对智能驾驶行业发展前 景的看好，于 2025 年 6 月 13 日召开了公司第五届董事会第十二次会议，审议通过 了《关于公司对外投资的议案》，同意公司以人民币 100,833,551.50 元认购魔视智 能科技（上海）有限公司（以下简称"魔视智能"或"目标公司"）新增注册资本 智能注册资本 22,791 美元，合计投资金额 110,000,000.00 元。本次交易完成后， 公司将取得魔视智能 123,074 美元注册资本，占本次交易后魔视智能 4.8657%的股 权。 《关于魔视智能科技（上海）有限公司之投资协议》（以下简称"投资协议"），与 Motovis Limited、Forever Bright Technology Limited、上海俐智企业管理咨询 合伙企业(有限合伙)、大陆投资（中国）有限公司、徐州产发产业投资基金合伙企 业（有限合伙 ...

Group 1 - The company held its fifth board meeting on June 13, 2025, with all nine directors present, complying with relevant laws and regulations [1][2] - The board approved an investment in Magic Vision Technology (Shanghai) Co., Ltd., recognizing the growth potential in the intelligent driving industry and the company's R&D capabilities [2] - The company plans to invest RMB 100,833,551.50 to subscribe for new registered capital of USD 100,283 in Magic Vision, and acquire an additional stake from Motovis Limited, resulting in a total ownership of 4.8657% post-transaction [2]

证券代码：002677 证券简称：浙江美大 公告编号：2025-019 关于对外投资的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 一、对外投资概述 浙江美大实业股份有限公司（以下简称"公司"）基于对智能驾驶行业发展前 景的看好，于 2025 年 6 月 13 日召开了公司第五届董事会第十二次会议，审议通过 了《关于公司对外投资的议案》，同意公司以人民币 100,833,551.50 元认购魔视智 能科技（上海）有限公司（以下简称"魔视智能"或"目标公司"）新增注册资本 100,283 美元，同时以人民币 9,166,448.50 元受让 Motovis Limited 持有的魔视 智能注册资本 22,791 美元，合计投资金额 110,000,000.00 元。本次交易完成后， 公司将取得魔视智能 123,074 美元注册资本，占本次交易后魔视智能 4.8657%的股 权。 2025 年 6 月 13 日，公司与 YU ZHENGHUA、魔视智能、Motovis Limited 签署 《关于魔视智能科技（上海）有限公司之投资协议》（以下简称"投资协议 ...

证券代码：002677 证券简称：浙江美大 公告编号：2025-018 浙江美大实业股份有限公司 第五届董事会第十二次会议决议的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 一、董事会会议召开情况 浙江美大实业股份有限公司（以下简称"公司"）第五届董事会第十二次会议 （以下简称"会议"）通知于 2025 年 6 月 8 日以专人送达方式发出，会议于 2025 年 6 月 13 日以现场结合通讯的方式召开。会议应出席董事 9 人，实际出席董事 9 人。会议由董事长王培飞先生主持，公司监事、高管人员列席本次会议。本次会议 的召集、通知、召开以及参与表决董事人数符合《中华人民共和国公司法》《公司 章程》等有关法律、法规的规定。 二、董事会会议审议情况 经全体董事逐项认真审议，并经记名投票表决的方式通过了如下议案： 1、审议通过《关于公司对外投资的议案》 近年来，随着智能驾驶系统在乘用车及商用车渗透率的持续提升，智能驾驶行 业已进入快速发展期。魔视智能科技（上海）有限公司（以下简称"魔视智能"） 作为一家专注于智能驾驶技术研发与量产应用的科技企业，其产品已在多 ...