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 ...

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 2024 年年度权益分派实施公告 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。 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 2025年5月16日召开的2024年度股东大会审议通过，2024年年度股东大会决议公告 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 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 股期限计算应纳税额【注】；持有首发后限售股、股权激励限售股及无限售流通股 的证券投资基金 ...

法律意见书 浙江省杭州市杭大路 1 号黄龙世纪广场 A 座 11 楼 310007 电话：0571-87901111 传真：0571-87901500 法律意见书 浙江天册律师事务所 关于 浙江美大实业股份有限公司 2024 年度股东大会的 法律意见书 浙江天册律师事务所 关于 浙江美大实业股份有限公司 2024 年度股东大会的 法律意见书 根据本次股东大会的会议通知，本次股东大会现场会议召开的时间为 2025 年 5 月 16 日下午 14:00；召开地点为公司会议室（浙江省海宁市袁花镇谈桥 81 号）。 1 编号：TCYJS2025H0689 号 致：浙江美大实业股份有限公司 浙江天册律师事务所（以下简称"本所"）接受浙江美大实业股份有限公司（以 下简称"浙江美大"或"公司"）的委托，指派本所律师金臻、赵航参加公司 2023 年度股东大会，并根据《中华人民共和国公司法》（以下简称"《公司法》"）、 《中华人民共和国证券法》（以下简称"《证券法》"）等法律、法规和其他有关 规范性文件的要求及《公司章程》《股东大会议事规则》的规定出具本法律意见书。 在本法律意见书中，本所律师仅对本次股东大会召集、召开程序、出 ...

证券代码：002677 证券简称：浙江美大 公告编号：2025-016 浙江美大实业股份有限公司 2024年度股东大会决议公告 本公司及董事会全体成员保证信息披露的内容的真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 特别提示： 1、本次股东大会未出现否决提案的情形； 2、本次股东大会未涉及变更以往股东大会已通过决议的情况。 一、会议的召开情况 1、会议召开时间： （1）现场会议时间：2025 年 5 月 16 日（星期五）14:00； （2）网络投票时间：2025 年 5 月 16 日（星期五），其中通过深圳证券交易 所交易系统进行网络投票的时间为 2025 年 5 月 16 日 9:15-9:25，9:30—11:30 和 13:00—15:00；深圳证券交易所互联网投票系统进行投票的时间为：2025 年 5 月 16 日 9:15-15:00 期间的任意时间。 2、现场会议召开地点： 浙江美大实业股份有限公司会议室，浙江省海宁市袁花镇谈桥 81 号（海宁市 东西大道 60Km 处）。 3、会议召开方式：现场表决与网络投票相结合。 4、会议召集人：公司第五届董事会。 5、会议主持人：董事长王培飞 ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [6]. Core Views - The overall demand in the industry is weak, leading to a significant decline in the company's revenue and profit levels. In 2024, the company achieved operating 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% [2][3]. - The decline in revenue is primarily attributed to the sluggish real estate market, which has suppressed new market demand. The retail sales of integrated stoves in the domestic market fell by 30.6% in 2024 [9]. - Despite the challenges, the company remains a leader in the integrated stove sector and is actively exploring multi-channel marketing strategies to drive revenue and profit recovery [9]. Summary by Sections Financial Performance - In 2024, the company reported an operating revenue of 877 million yuan, a decline of 47.54% year-on-year. The net profit attributable to shareholders was 110 million yuan, down 76.21% [2][3]. - For Q4 2024, the operating revenue was 224 million yuan, a decrease of 45.63%, with a net profit of 3.85 million yuan, down 96.18% [3]. - In Q1 2025, the company achieved operating revenue of 98.36 million yuan, a decline of 63.97%, with a net profit of 7.79 million yuan, down 89.90% [2][3]. Market Conditions - The weak performance is linked to the downturn in the real estate sector, which has led to a 12.9% decrease in the sales area of newly built commercial housing nationwide in 2024 [9]. - The company's integrated stove product revenue fell by 47.03%, while cabinet product revenue decreased by 41.93% [9]. Future Outlook - The company is expected to recover, with projected net profits of 132 million yuan, 157 million yuan, and 184 million yuan for 2025, 2026, and 2027, respectively [9]. - The company plans to distribute a cash dividend of 3.00 yuan per 10 shares, reflecting a dividend payout ratio of 175.48% [3].

近日，浙江美大（002677）公告2024年年报，公司实现营业收入和净利润分别为8.77亿元、1.1亿元。公 司表示，将继续坚持"稳增长""高端化""智能化"和"资本运作"的长期发展战略，围绕"科技创造智慧生 活"的核心，以集成灶业务为主导，继续在智能厨电和智慧家居领域进行深化和拓展延伸。 展望2025年，浙江美大表示持续加大技术创新，深层次布局新品战略，构建多元化产品矩阵，构筑新周 期下的增长引擎。公司继续加大科研创新投入，深耕全厨家电与全屋家居两大领域。借助互联技术，推 动水洗、烹饪、燃热等多元功能的厨电产品实现智能互联。 值得一提的是，浙江美大将以美大智厨APP平台为核心，进一步深化智能整体厨房理念，并陆续推出系 列化、套系化的智能产品。同时，公司将重点加大以DeepSeek等业内领先人工智能技术为核心的AI研 发力度，将人工智能的场景化应用深度融入集成灶产品，以提升用户体验与产品竞争力。 在全屋家居产品方面，公司将以新材料、新工艺、新风格等关键创新元素为切入点，推出更多具有现代 设计感、契合年轻消费群体需求的系列产品，全面打造美大全屋智慧家居平台，满足消费者对健康、智 慧、时尚品质生活的需求。(厉平) ...