双向融合，价值共创 通过此次合作，柏菲伦将其在定制定制家居领域积累的材料研发、空间规划与工艺制造等方面的专业能 力，与卡萨帝在高端厨电科技、智能互联及品牌影响力等方面的优势深度融合。双方通过在技术标准、 设计语言及用户体验层面的系统对接，实现了从单一产品供应向场景化、系统化服务的转型升级。 柏菲伦与卡萨帝的合作，不仅是商业层面的强强联合，更是对高端生活方式的重塑与升级。双方将以用 户需求为中心，持续优化从产品设计到终端交付的全链路服务体系，助力中国家居产业迈向更高层次的 创新与发展。 未来，柏菲伦将与卡萨帝持续深化合作，通过建立常态化的联合研发机制，共同探索高端厨居市场的未 来发展路径，为推动中国家电与家居产业的融合升级贡献力量。 技术赋能，美学引领 此次亮相的产品在研发阶段便融合匠心与巧思，柏菲伦以结构性适配为基础，为卡萨帝高端厨电量身定 制专属的柜体构造，精准预留设备接口并优化散热风道，从而充分释放电器性能;同时贯彻功能一体化 理念，借助模组化设计有机整合储物、备餐及清洁区域，融合更丰富的橱柜收纳功能五金产品，使操作 动线更为合理，显著提高下厨效率。 此外，柏菲伦产品严选千年舟集团的A+级板材，结合精湛制 ...

Company Overview - Yitian Intelligent was established on September 25, 2003, focusing on integrated stove business for 20 years, ranking high in national influence and market position [2] - The company aims to enhance brand recognition through multi-platform marketing and celebrity endorsements, emphasizing "Yitian Integrated Technology, Understanding Chinese Kitchens" [2] Strategic Focus - Future strategies include a focus on intelligence, globalization, and sustainability to maintain competitive differentiation in the kitchen appliance market [2] - The company plans to expand into computing power and AI applications in 2023, adhering to a dual-drive model of domestic and overseas chips [2] Investment Initiatives - Yitian Intelligent is collaborating with Lloyd Private Equity to establish the Shanghai Deshu Cloud Private Fund, targeting AI, big data, computing power, and advanced manufacturing sectors [4] - The fund aims to optimize investment structure and enhance operational efficiency, with a focus on creating value for shareholders [4] Financial Insights - The Deshu Cloud Fund has acquired 77.4% equity in a company specializing in AI computing services, with related orders valued between 10 billion to 11 billion RMB over five years [4] - Yitian Intelligent acts as a limited partner in the fund, with potential for significant performance elasticity in future operations [5] Decision-Making Structure - The fund's investment decision-making is managed by a three-member committee, ensuring all decisions are unanimously approved [6] Partnerships and Collaborations - Yitian Intelligent is partnering with domestic chip company Suiyuan Technology, focusing on building a large-scale computing power cluster [7] - The collaboration aims to foster innovation in chip technology and establish a complete domestic computing ecosystem [7] Market Conditions - The integrated stove industry is currently in a "bottoming" phase, with compressed profit margins and inventory challenges [10] - Despite these challenges, Yitian maintains a leading position in brand and channel, providing essential cash flow during the transition period [10] International Expansion - Yitian has signed a distribution agreement with Italian high-end kitchen appliance brand SMEG, enhancing its brand image and filling gaps in the high-end market [11] - The partnership aims to create a comprehensive operational system, integrating SMEG's design advantages with Yitian's local supply chain and service network [11]