A new type of electric heating plywood used for indoor heating products was made using melamine resin adhesive film (MRAF) as the bonding material and carbon fiber paper (CFP) as the electric heating material. Hot-press pressure greatly affected the permeation of the adhesive into the CFP and bonding performance, resulting in a bonding strength above 1.8 MPa. The conducting path in the electric heating layer was the main factor affecting the drop rate of resistance (DRR). Pressure of around 1.3 MPa was beneficial in controlling power deviation. Use of the MRAF improved insulation and water resistance. The plywood exhibited a surface temperature difference of 6 °C under commonly used power. Temperature rise exhibited an exponential relationship with heating time, and surface equilibrium temperature had a linear relationship with power density. The plywood had good power stability because the maximum resistance changed by only 0.44% when electricity was overloaded for 24 h at a power density of 500 W/m2. Stable resistance was presented after power was cycled 40 times, and the maximum DRR was 1.25% after 120 power cycles. This scheme offers a simple process for large-scale manufacture of the adopted MRAF, which has good bonding performance and electric heating stability.