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]

Investment Overview - Zhejiang Meida Industrial Co., Ltd. has approved an investment of RMB 100,833,551.50 to subscribe for the increased registered capital of Motovis Intelligent Technology (Shanghai) Co., Ltd., totaling an investment amount of RMB 110,000,000.00, which will result in a 4.8657% equity stake in Motovis Intelligent [1][2][9] Target Company Information - Motovis Intelligent is focused on the research and production of autonomous driving and advanced driver-assistance technologies, providing comprehensive intelligent driving solutions that cover various driving scenarios [7][24] - The registered capital of Motovis Intelligent is USD 2,237,712, and it was established on August 17, 2015 [4][8] Financial Performance - As of March 31, 2025, Motovis Intelligent reported total assets of RMB 304,413,963.45 and total liabilities of RMB 274,052,853.55, resulting in net assets of RMB 30,361,109.90 [8] - For the first quarter of 2025, the company recorded an operating income of RMB 71,809,378.14 and a net loss of RMB 32,196,391.92 [8] Strategic Rationale - The investment aligns with the company's strategy to capitalize on the growth opportunities in the intelligent driving industry, which is experiencing rapid development due to increasing penetration rates in passenger and commercial vehicles [24] - The company recognizes Motovis Intelligent's research capabilities and technological foundation, which are expected to enhance shareholder returns [24] Investment Structure - The investment will be executed through a capital increase and a share transfer, with the company acquiring 3.9646% of Motovis Intelligent's equity through the capital increase and an additional 0.9011% through the share transfer [9][10] - The investment is structured to ensure that the company has rights and obligations as a shareholder upon completion of the investment [12][13] Governance and Compliance - The investment does not constitute a related party transaction or a major asset restructuring, and it is within the board's approval authority, thus not requiring shareholder meeting approval [2][3] - The investment agreement includes provisions for dispute resolution, compliance with Chinese laws, and the establishment of a board of directors for the target company [21][22]

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 ...

Core Viewpoint - Zhejiang Meida announced an investment in Magic Vision Technology (Shanghai) Co., Ltd, totaling approximately RMB 110 million, which includes subscribing to new registered capital and acquiring shares from Motovis Limited [1] Investment Details - The company will invest RMB 101 million to subscribe for new registered capital of USD 100,300 in Magic Vision Technology [1] - Additionally, the company will acquire shares worth RMB 9.1664 million from Motovis Limited, which corresponds to a registered capital of USD 22,791 [1] - After the completion of the transaction, Zhejiang Meida will hold a total registered capital of USD 123,100 in Magic Vision Technology, representing a 4.8657% equity stake in the company [1]

Core Viewpoint - The kitchen and bathroom appliance market is experiencing significant differentiation, with varying performance among companies due to the downturn in the real estate sector and changing consumer preferences [2][3][4]. Group 1: Market Performance - Companies focused on integrated stoves, such as Mars and Zhejiang Meida, have seen substantial declines in performance, with Mars reporting a 35.7% drop in revenue to 1.38 billion yuan in 2024 and a 95.5% decrease in net profit [3][4]. - Zhejiang Meida's revenue in Q1 2025 fell by 63.97% to approximately 98.36 million yuan, with net profit dropping by about 90% [3][4]. - The overall retail sales of integrated stoves in China decreased by 30.6% in 2024, with Q4 experiencing a 35.3% decline [3][4]. Group 2: Challenges Faced - The decline in demand for new home renovations, consumer confidence issues, and intensified competition are the primary challenges for integrated stove companies [4]. - Companies are adjusting strategies, with Mars exploring new growth areas such as dishwashers and enhancing brand strategy [4]. Group 3: Traditional Appliance Companies - Traditional kitchen appliance leaders like Vatti and Boss Electric have maintained relatively stable performance, with Vatti achieving a revenue increase of 2.23% to 6.372 billion yuan in 2024 [5][6]. - Boss Electric reported a slight revenue increase of 0.1% to 11.212 billion yuan, although net profit decreased by 8.97% [6][7]. - Both companies benefited from the "old-for-new" appliance policy, which supported their sales channels [7]. Group 4: Product Strategy and Innovation - Vatti is focusing on high-end product development, launching new products like the "Time Capsule" series and investing in R&D, with expenses reaching approximately 263 million yuan in 2024 [7][8]. - Boss Electric faced challenges in expanding new product categories, with sales of integrated stoves and other products declining [8]. - The market share of Vatti's ultra-thin range hood reached 37.17%, maintaining the top position in the online market [10]. Group 5: Future Outlook - The kitchen and bathroom appliance industry is in a deep adjustment phase, with potential for marginal improvement in the second half of 2025 due to supportive policies and market recovery [9][10]. - The continuation of the "old-for-new" policy is expected to be a significant driver for the kitchen appliance market in 2025, with related product categories showing positive growth [10][11]. - The competitive landscape is likely to shift, with market concentration increasing as leading companies adapt to changing consumer trends and focus on innovation [11].

Industry Overview - The integrated stove industry is currently undergoing a deep adjustment period due to multiple factors, including the real estate market and consumer spending downgrade, leading to a slowdown in industry growth [2][4]. - Despite the challenges, the industry is expected to recover in the long term, driven by national economic development, policy support, and the push for smart home appliances [2][4]. Company Strategy - The company has established a dedicated operation team to enhance online channel development and increase investment in e-commerce platforms [2][4]. - The company plans to continue participating in the national "old-for-new" subsidy policy to boost sales and market share [4][8]. Financial Performance - The company's gross profit margin for 2024 is reported at 40.69%, a decrease of 6.41% year-on-year, with future adjustments expected based on product structure and raw material price trends [6][8]. - Sales in 2024 are projected to be approximately 85% from new home renovations, indicating a significant reliance on the real estate market [8]. Competitive Landscape - The company maintains a leading position in the integrated stove market with nearly 2,000 dealers and over 4,500 retail outlets, significantly outpacing competitors [4][6]. - The company emphasizes its product advantages through advanced technology and innovative designs, which effectively address kitchen pollution and health concerns [4][6]. Product Development - The company has launched several high-end smart integrated stove products in 2024, incorporating AI technology for enhanced cooking experiences [10][10]. - Future plans include expanding the product line to include more smart appliances and enhancing the overall kitchen experience through integrated solutions [10][10]. Market Challenges - The company acknowledges the impact of the economic downturn and the real estate market on its performance, with strategies in place to strengthen market development and product innovation [5][8]. - There is a recognition of the competitive pressure from rivals, prompting the company to focus on technological innovation and brand promotion to maintain its market position [10][10].

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。 浙江美大实业股份有限公司（以下简称"公司"）2024年度权益分派方案已获 已于2025年5月16日在《证券时报》和巨潮资讯网上披露。现将权益分派事宜公告 如下： 一、股东大会审议通过权益分派方案等情况 年度末总股本646,051,647股为基数，向全体股东按每10股派发现金股利人民币 转增股本。如在分配预案公告后至实施期间，若公司总股本发生变动，公司将按照 分配总金额不变的原则对分配比例进行调整。 证券代码：002677 证券简称：浙江美大 编号：2025-017 浙江美大实业股份有限公司 二、权益分派方案 本公司2024年年度权益分派方案为：以公司现有总股本646,051,647股为基数， 向全体股东每10股派3.00元人民币现金（含税；扣税后，通过深股通持有股份的香 港市场投资者、QFII、RQFII以及持有首发前限售股的个人和证券投资基金每10股 派2.70元；持有首发后限售股、股权激励限售股及无限售流通股的个人股息红利税 实行差别化税率征收，本公司暂不扣缴个人所得税，待个人转让股票时，根据其持 股期限计算 ...