证券日报网讯2月12日，浙江美大（002677）在互动平台回答投资者提问时表示，截至2026年2月10日， 公司的股东人数为49471户。 ...

Investment Rating - The investment rating for the company is "Cautious Accumulate" [4][12]. Core Views - The report indicates that the home appliance industry is facing significant pressure due to weak demand and intense competition, leading to challenges in revenue and performance [2][12]. - The company is expected to experience a substantial decline in net profit for 2025, with estimates ranging from 0.10 to 0.15 billion yuan, representing a year-on-year decrease of approximately 86.42% to 90.95% [12]. - The report highlights that the decline in performance is primarily due to weak market demand for integrated stoves and increased competition, resulting in reduced sales volume and order intake [12]. Financial Summary - Total revenue is projected to decline from 1.673 billion yuan in 2023 to 439 million yuan in 2025, reflecting a decrease of 47.5% [10]. - Net profit attributable to the parent company is expected to drop from 464 million yuan in 2023 to 14 million yuan in 2025, a decline of 86.9% [10]. - Earnings per share (EPS) is forecasted to decrease from 0.72 yuan in 2023 to 0.02 yuan in 2025, with a subsequent recovery to 0.07 yuan in 2026 and 0.14 yuan in 2027 [10][12]. Market Data - The company's target price is set at 10.50 yuan, based on a price-to-earnings (PE) ratio of 150x for 2026 [4][12]. - The stock has a 52-week price range of 6.74 to 10.20 yuan, with a total market capitalization of 6.17 billion yuan [5][12]. - The company has a net asset value per share of 2.29 yuan and a current price-to-book (P/B) ratio of 4.2 [6][10].

近日，浙江美大实业股份有限公司（002677）发布2025年度业绩预告，预计净利润为1000万元至1500万 元。集成灶行业整体面临严峻挑战，这家集成灶行业奠基者正试图通过AI技术和多元化生态战略，在 低迷市场环境中寻求新的增长引擎。 2025年,房地产市场持续低迷和居民消费动力减弱是导致行业需求整体放缓的主要因素。集成灶作为与 新房装修和旧房改造强相关的产品，受到房地产市场波动的直接影响。 为适应市场变化，公司积极调整产品结构。面对市场压力，浙江美大正在推动一场深刻的战略重构。公 司已经明确以"场景化、集成化、AI智能化"为核心的战略方向。2026年1月，公司在贵阳召开以"新形 势、新模式、新发展"为主题的年会，近千名市场精英和行业领袖出席。这场年会不仅是总结与表彰， 更被明确定位为"启航新征程、擘画新蓝图的战略起点"。公司在会上发布了年度重磅新品，聚焦"智能 烹饪、健康厨房、集成美学"，并深度融合智慧厨电生态。 浙江美大在智能化领域的布局并非一朝一夕。早在2024年，公司就已推出搭载AI语音交互、智能烹饪 控制等前沿技术的智慧集成灶系列。2025年6月，公司发布公告，以约1.1亿元投资自动驾驶科技公司魔 ...

Group 1 - The company Zhejiang Meida (002677) reported that as of January 30, 2026, the number of shareholders is 50,320 [1]

Group 1 - The kitchen and bathroom appliance sector increased by 1.86% on February 3, with Zhejiang Meida leading the gains [1] - The Shanghai Composite Index closed at 4067.74, up 1.29%, while the Shenzhen Component Index closed at 14127.1, up 2.19% [1] - Key stocks in the kitchen and bathroom appliance sector showed varied performance, with Zhejiang Meida rising by 6.51% to a closing price of 9.49 [1] Group 2 - The main capital inflow in the kitchen and bathroom appliance sector was 28.25 million yuan, while retail investors experienced a net outflow of 5.27 million yuan [1] - Among individual stocks, Boss Electric had a main capital inflow of 34.75 million yuan, but also saw a retail outflow of 16.90 million yuan [2] - Zhejiang Meida experienced a main capital inflow of 10.21 million yuan, with retail investors contributing a net inflow of 0.49 million yuan [2]

Group 1 - Zhejiang Meida expects a net profit attributable to shareholders of 10 million to 15 million yuan for 2025, representing a year-on-year decline of 86.42% to 90.95% [1] - The basic earnings per share are projected to be between 0.0155 yuan and 0.0232 yuan [1] - The decline in performance is primarily due to a slowdown in market demand for integrated stove products, resulting in reduced orders and sales, leading to a decrease in main business revenue compared to the previous year [1] Group 2 - In response to market demand, the company has adjusted its product structure, which has led to a decrease in sales prices and gross profit margins [1] - The company's net profit has decreased compared to the previous year due to these factors [1]

Core Viewpoint - Zhejiang Meida expects a net profit of 10 million to 15 million yuan for the year 2025, representing a year-on-year decline of 86.42% to 90.95% [1] Group 1: Performance Outlook - The primary reason for the performance decline is the slowdown in market demand for the integrated stove industry, leading to a decrease in product orders and sales [1] - The company's main business revenue is expected to decrease compared to the previous year due to the reduced market demand [1] Group 2: Product and Pricing Adjustments - In response to market demand, the company has adjusted its product structure, which has resulted in a decline in sales prices and gross profit margins [1] - The net profit is anticipated to decrease compared to the previous year due to these adjustments [1]

Core Viewpoint - Zhejiang Meida (002677.SZ) expects a significant decline in net profit for 2025, projecting a range of 10 million to 15 million yuan, which represents a decrease of 86.42% to 90.95% compared to the previous year [1] Group 1: Financial Performance - The net profit attributable to shareholders, excluding non-recurring gains and losses, is expected to be between 9 million and 13 million yuan, reflecting a decline of 88.21% to 91.84% year-on-year [1] Group 2: Market Conditions - The primary reasons for the performance decline include a slowdown in market demand for integrated stoves, leading to reduced product orders and sales, which in turn has decreased the company's main business revenue compared to the previous year [1] - To adapt to market demand, the company has adjusted its product structure, resulting in lower sales prices and gross margins, further contributing to the decline in net profit [1]

| 项 | 目 | 本报告期 | 上年同期 | | --- | --- | --- | --- | | 归属于上市公司股 | | 盈利：1000万元-1500万元 | 盈利： | | 东的净利润 | | 比上年同期下降：86.42%-90.95% | 11044.8098万元 | | 归属于上市公司股 | | 盈利：900万元-1300万元 | 盈利： | | 东的扣除非经常性 | | | 11022.7134万元 | | 损益的净利润 | | 比上年同期下降：88.21%-91.84% | | | 基本每股收益 | | 盈利：0.0155元/股-0.0232元/股 | 盈利：0.17元/股 | 2、预计的业绩：预计净利润为正值且属于同向下降 50%以上情形 证券代码：002677 证券简称：浙江美大 编号：2026-001 浙江美大实业股份有限公司 2025年度业绩预告 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、本期业绩预计情况 1、业绩预告期间：2025 年 1 月 1 日—2025 年 12 月 31 日 二、与会计师事务所沟通情况 本次业绩预 ...

Core Viewpoint - The kitchen and bathroom appliance sector experienced a 2.18% increase on January 29, with Boss Electric leading the gains, while the overall market showed mixed results with the Shanghai Composite Index rising by 0.16% and the Shenzhen Component Index falling by 0.3% [1] Group 1: Market Performance - The closing price of Boss Electric was 21.51, reflecting a 7.07% increase, with a trading volume of 229,400 shares and a transaction value of 482 million yuan [1] - Other notable performers included Vatti Corporation with a 2.09% increase, Aupu Technology with a 1.72% increase, and Shuaifu Electric with a 1.47% increase [1] - The overall kitchen and bathroom appliance sector saw a net outflow of 30.67 million yuan from main funds, while retail investors contributed a net inflow of 32.48 million yuan [1] Group 2: Fund Flow Analysis - Boss Electric had a main fund net inflow of 19.57 million yuan, but retail investors showed a net outflow of 16.25 million yuan [2] - Vatti Corporation experienced a main fund net inflow of 3.44 million yuan, while retail investors had a net inflow of 0.97 million yuan [2] - Zhejiang Meida saw a main fund net inflow of 3.00 million yuan, with retail investors contributing a net outflow of 9.26 million yuan [2]