证券代码：300911 证券简称：亿田智能 债券代码：123235 债券简称：亿田转债 浙江亿田智能厨电股份有限公司投资者关系活动记录表 编号：2025002 投资者关系活动 类别 特定对象调研 分析师会议 □媒体采访 业绩说明会 □新闻发布会 □路演活动 □现场参观 □其他 参与单位名称及 人员姓名 投资者网上提问 时间 2025 年 5 月 8 日 (周四) 下午 15:00~17:00 地点 公司通过 全景网" 投资者关系互动平台 " （https://ir.p5w.net）采用网络远程的方式召开业绩说明会 上市公司接待人 员姓名 1、亿田智能 董事长孙伟勇 2、亿田智能 董事、总经理孙吉 3、亿田智能 财务总监陈洪 4、亿田智能 董事会秘书、总经理助理沈海苹 5、保荐代表人孙江龙 6、独立董事沈海鸥 投资者关系活动 主要内容介绍 1、 亿田智能在品牌营销方面有哪些成功案例和后续推 广策略？ 尊敬的投资者，您好！公司积极推进新媒体多平台线上线 下营销，在南宁、贵阳等城市投放橙系主题地铁专列广告，强 化"亿田集成科技，更懂中国厨房"的品牌认知；通过持续签 约明星代言，结合高端设计奖项（如 IF、红点）塑造 ...

智通财经4月29日电，亿田智能(300911.SZ)公告称，公司全资子公司甘肃亿算智能科技有限公司与庆阳 市人民政府、燧原智能科技（庆阳）有限公司签署了《共建国产十万卡算力集群及新质生产力生态圈战 略合作框架协议》。甘肃亿算及其生态合作伙伴计划出资55亿元，建设"国产十万卡算力集群"，提供不 低于2.5万P算力服务，预计于2027年12月30日前建成并投入使用。该协议的签署确立了三方战略合作关 系，但具体实施内容和进度尚存在不确定性。 亿田智能：全资子公司签署共建算力集群及新质生产力生态圈战略合作框架协议 ...

| 证券代码：300911 | 证券简称：亿田智能 公告编号：2025-035 | | --- | --- | | 债券代码：123235 | 债券简称：亿田转债 | 浙江亿田智能厨电股份有限公司 关于全资子公司签署《共建国产十万卡算力集群及新质生产力生 态圈战略合作框架协议》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、完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 1、合同的生效条件：本协议有效期为5年，自三方法定代表人或授权代表签 字并加盖公章之日起生效。 2、本次签署的《共建国产十万卡算力集群及新质生产力生态圈战略合作框 架协议》（以下简称"本合同"或"合同"或"本协议"）为三方开展合作的框 架性协议，该协议的签署确立了三方战略合作关系，为三方推进具体项目合作奠 定了基础，三方后续的合作以具体签订的协议为准，具体的实施内容和进度尚存 在不确定性。敬请广大投资者注意投资风险。 3、本次合作尚未签署具体项目合作协议，亦未正式开展具体合作事宜，对 公司本年度及后续年度财务状况和经营成果等影响存在不确定性。公司会根据后 续合作情况依照法律法规及时履行信息披露义务。 4、最近三年披露的框 ...

受地产疲弱影响，集成灶收入大幅下滑。2024 年公司实现营收7.03 亿元，同比下滑42.73%，主要系房 地产行业的低迷抑制了市场的新增需求。国家统计局数据显示，2024年，全国新建商品房销售面积 97385 万平方米，比上年下降12.9%，其中住宅销售面积下降14.1%，新建商品房销售额96750 亿元，下 降17.1%，其中住宅销售额下降17.6%。 受房地产行业下滑、消费谨慎、渗透率不足及产品同质化影响，2024 年公司集成灶营收5.88 亿元，同 比下降46.33%，占营收比重由89.26%降至83.65%。2024 年公司其他产品营收1.15 亿元，同比下降 12.85%，或同样受到地产后周期需求疲软的影响收入有所下降。同时，为响应国家"东数西算"发展战 略，并抓住人工智能产业红利，2024 年公司以自有资金投资设立全资子公司开展算力相关业务，报告 期内，子公司实现营业收入5.98 万元。分渠道看，经销渠道收入4.93 亿元，同比下滑49.78%，占比降 至70.16%；直销渠道收入2.10 亿元，同比下滑14.58%，占比提升至29.84%。2024Q4 公司实现营收2.54 亿元，同比下滑10 ...

丨证券研究报告丨 公司研究丨点评报告丨亿田智能（300911.SZ） [Table_Title] 费用率边际优化，2024Q4 业绩大幅改善 请阅读最后评级说明和重要声明 %% %% %% %% research.95579.com 1 亿田智能（300911.SZ） cjzqdt11111 [Table_Title2] 费用率边际优化，2024Q4 业绩大幅改善 报告要点 [Table_Summary] 2024 年公司实现营收 7.03 亿元，同比下滑 42.73%，实现归母净利润 2654.14 万元，同比下 滑 85.17%，实现扣非归母净利润 1124.74 万元，同比下滑 93.17%；其中，2024Q4 公司实现 营收 2.54 亿元，同比下滑 10.40%，实现归母净利润 3757.73 万元，同比增长 847.70%，实现 扣非归母净利润 3195.97 万元，同比增长 205.81%。同时，公司拟向全体股东每 10 股派发现 金红利 10 元（含税），对应分红率为 515.07%，并且公司拟以资本公积金向全体股东每 10 股 转增 3 股。 分析师及联系人 [Table_Author] 陈 ...

截至2025年4月26日，火星人、浙江美大、亿田智能、帅丰电器四家集成灶上市企业2024年年报悉数出炉。无一例外，四家企业均交出了营收、净利润双降 的成绩单。 火星人营收同比暴跌35.7%，净利润仅剩千万元；浙江美大净利润缩水超76%；亿田智能与帅丰电器同样深陷营收腰斩、利润断崖式下滑的泥潭。这场"集体 跳水"背后，是集成灶行业进入"至暗时刻"的残酷现实，也表明行业到了需要转型求生的关键路口。 01 财务数据透视：行业进入"速冻期" 从核心财务指标看，四家企业的经营指标全面恶化，行业已从结构性调整滑向系统性危机。 | 企业名称 营业收入(亿元) | | | --- | --- | | 火星人 | 13.76 | | 浙江美大 | 8.77 | | 化田智能 | 7.03 | | 帅丰电器 | 4.29 | 数据可以用行业全面失速来总结，四家企业营收平均跌幅超40%，净利润平均缩水更是超过了80%。 对比三年前行业数据巅峰期，其中，火星人作为行业龙头，净利润仅剩2021年巅峰期（2.47亿元）的约4.5%；浙江美大连续三年营收下滑，2024年营收规模 较2021年的21.64亿元已蒸发超60%。季度环比数据显示 ...

为真实、准确、公允地反映公司的财务状况、资产价值及经营成果，根据 《企业会计准则》《深圳证券交易所创业板股票上市规则》及公司会计政策的相 关规定，本着谨慎性原则，公司对合并报表范围内截至2025年3月31日的各类资 产进行了全面清查，对各项资产减值的可能性进行了充分评估和分析，对存在减 值迹象的相关资产计提相应减值准备。 2、本次计提信用减值及资产减值准备的资产范围和总金额 公司2025年第一季度各类资产计提的减值准备合计-5,495,089.42元，相应计 提信用减值准备1,524,384.22元，资产减值准备-7,019,473.64元。具体计提减值的 情况如下： | 证券代码：300911 | 证券简称：亿田智能 公告编号：2025-034 | | --- | --- | | 债券代码：123235 | 债券简称：亿田转债 | 浙江亿田智能厨电股份有限公司 关于2025年第一季度计提资产减值准备的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 浙江亿田智能厨电股份有限公司（以下简称"公司"）根据《深圳证券交 易所创业板股票上市规则》等法律法规、规范 ...

| 报告期指标 | 2025年一季报 | 2024年一季报 | 本年比上年增减(%) | 2023年一季报 | | --- | --- | --- | --- | --- | | 基本每股收益（元） | -0.3070 | 0.0326 | -1041.72 | 0.3773 | | 每股净资产（元） | 9.45 | 13.41 | -29.53 | 12.89 | | 每股公积金(元) | 4.72 | 6.28 | -24.84 | 6.31 | | 每股未分配利润(元) | 3.57 | 5.84 | -38.87 | 5.08 | | 每股经营现金流(元) | - | - | - | - | | 营业收入(亿元) | 0.58 | 1.27 | -54.33 | 2.28 | | 净利润(亿元) | -0.43 | 0.05 | -960 | 0.41 | | 净资产收益率(%) | -3.06 | 0.30 | -1120 | 2.98 | | 名称 持有数量(万股) | | 占总股本比例 | 增减情况(万 | | --- | --- | --- | --- | | | | (%) | 股) | ...

Financial Performance - The company's revenue for Q1 2025 was ¥57,581,826.32, a decrease of 54.59% compared to ¥126,798,495.76 in the same period last year[5] - The net loss attributable to shareholders was ¥42,645,738.49, representing a decline of 1,042.01% from a profit of ¥4,527,079.27 in the previous year[5] - Basic earnings per share were -¥0.3070, down 1,041.72% from ¥0.0326 in the same period last year[5] - The company reported a net loss for the quarter, with a significant increase in financial expenses to CNY 5,019,038.92 from a negative CNY 1,842,956.59 in the previous year[21] - The company recorded a total profit of CNY -41,364,304.00, compared to CNY 6,712,107.10 in the previous period, reflecting a substantial decrease in overall profitability[22] - The company’s operating profit was reported at CNY -41,436,280.85, a significant drop from CNY 6,708,768.36 in the previous period[22] Cash Flow and Assets - The net cash flow from operating activities was -¥18,578,933.07, a significant drop of 5,053.09% compared to ¥375,097.88 in the prior year[5] - The company achieved total cash inflows from operating activities of CNY 119,090,586.21, slightly up from CNY 118,463,576.60 in the previous period[24] - Investment activities generated a net cash inflow of CNY 99,296,236.62, compared to a net outflow of CNY 253,449,952.01 in the previous period, indicating a recovery in investment cash flow[25] - Cash and cash equivalents increased to CNY 1,005,110,432.45 from CNY 925,512,685.50, reflecting a growth of 8.6%[16] - The company reported a total cash and cash equivalents balance of CNY 1,003,512,366.51 at the end of the period, down from CNY 1,155,665,170.40 in the previous period[25] - Total assets at the end of the reporting period were ¥2,293,716,954.10, a decrease of 4.46% from ¥2,400,890,112.21 at the end of the previous year[5] Shareholder Information - Total number of common shareholders at the end of the reporting period is 7,623[12] - Zhejiang Yitian Investment Management Co., Ltd. holds 38.24% of shares, totaling 53,175,173 shares[12] - The top 10 shareholders collectively hold significant stakes, with the largest shareholder holding over 38%[12] - The report indicates no changes in the shareholding structure due to securities lending activities among the top shareholders[13] - There are no changes in the status of restricted shares during the reporting period[14] - The company has not identified any related party transactions among its major shareholders[13] Operational Changes and Future Plans - The company completed the registration changes and obtained a new business license from the Zhejiang Provincial Market Supervision Administration[15] - The company held its third board meeting on August 28, 2024, and a temporary shareholders' meeting on September 18, 2024, to approve changes to registered capital and company bylaws[14] - The company plans to expand its market presence and enhance its operational capabilities through strategic adjustments[15] - The company plans to focus on new product development and market expansion strategies in the upcoming quarters[21] Research and Development - The company reported a significant reduction in R&D expenses, which amounted to ¥3,811,794.96, down 59.01% from ¥9,299,829.91 in the previous year[10] - The company has not disclosed any new product developments or technological advancements in the current reporting period[12] Financial Ratios and Metrics - The company’s weighted average return on equity was -3.06%, a decline of 3.36% from 0.30% in the previous year[5] - Gross profit margin for Q1 2025 was approximately 41.5%, compared to 44.5% in Q1 2024[21] - Total operating costs for Q1 2025 were CNY 98,022,645.42, down 24.2% from CNY 129,253,802.83 in the previous year[21] - Accounts receivable decreased to CNY 38,393,923.71 from CNY 77,921,404.43, a reduction of 50.8%[16] - Inventory levels slightly decreased to CNY 78,408,394.16 from CNY 81,620,893.48, a decline of 3.0%[16] - Total liabilities decreased to CNY 915,002,201.53 from CNY 993,482,290.06, a reduction of 7.9%[19] Audit and Reporting - The company did not undergo an audit for the first quarter report, which may affect the reliability of the financial data presented[26]

Investment Rating - The investment rating for the company is "Accumulate" [7] Core Views - The company has faced significant revenue pressure due to the ongoing downturn in the real estate sector, with a reported revenue of 703 million yuan in 2024, a decrease of 42.73% year-on-year [1] - The company is actively optimizing costs and has shown signs of improvement in profitability, particularly in Q4 2024, where net profit increased by 847.70% year-on-year [1][3] - The company is expanding into the digital economy and computing power sectors, establishing subsidiaries and aiming to provide integrated intelligent computing services [4] Financial Performance Summary - In 2024, the company reported a total revenue of 703 million yuan, down 42.73% from the previous year, with a net profit of 26.54 million yuan, a decline of 85.17% [5] - The gross margin for 2024 decreased by 9.0 percentage points to 39.7%, while the net profit margin fell by 10.8 percentage points to 3.8% [3] - The company plans to distribute a cash dividend of 10 yuan per 10 shares, totaling 137 million yuan, which represents approximately 703% of the annual net profit [1] Market and Industry Context - The integrated stove market in China has been impacted by a 30.6% decline in retail sales, totaling 17.3 billion yuan in 2024, largely due to the weak real estate market [2] - The company's e-commerce revenue fell by 52.5% to 330 million yuan in 2024, while offline revenue is estimated to have decreased by about 30% [2] - The company is leveraging its strengths in the integrated stove category and is focusing on enhancing operational efficiency during the downturn [2]