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 ...

浙江美大（002677）公告，公司于2025年6月13日召开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》。根据议案，浙江美大以人民币1.01亿元认购魔视智能科技(上海)有限公司新增 注册资本10.03万美元，同时以人民币916.64万元受让Motovis Limited持有的魔视智能注册资本22791美 元，合计投资金额为1.1亿元。交易完成后，浙江美大将取得魔视智能12.31万美元注册资本，占本次交 易后魔视智能4.8657%的股权。 ...

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].

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 ...