Core Viewpoint - The fire incident at the Mexican factory of Daimay Co., Ltd. has had a minimal impact on production capacity, with recovery achieved by early June and normal supply resuming [1] Group 1: Impact of Fire Incident - The fire at the factory has resulted in a minor reduction in production capacity, which has already been restored [1] - The company has received strong support from customers during the recovery process [1] Group 2: Insurance and Compensation - The affected factory is fully insured, and the damaged assets are within the scope of insurance claims [1] - The company has submitted a claim to AXA Insurance, which has accepted the application for compensation [1] - Legal and agent opinions indicate that the cause of the fire falls within the insurance coverage, and the claimed amount is deemed objective and realistic [1] - The expected insurance compensation is anticipated to cover the actual losses incurred by the company [1]

Investment Rating - The investment rating for the company is maintained at "Buy" with a target price of RMB 7.40 [1][5]. Core Views - The company reported a revenue of RMB 3.17 billion for the first half of the year, a year-on-year decrease of 3.4%, and a net profit attributable to the parent company of RMB 240 million, down 42.6% year-on-year. The significant decline in Q2 net profit was primarily due to extraordinary losses from a fire at an overseas factory [1][3]. - Despite the challenges, the company is actively pursuing new product development and expanding its customer base, particularly in the North American market, which is expected to support revenue recovery [2][4]. Summary by Sections Financial Performance - In Q2, the company achieved a revenue of RMB 1.58 billion, representing a year-on-year and quarter-on-quarter decline of 6.7% and 0.7%, respectively. The net profit for Q2 was RMB 30 million, reflecting a dramatic year-on-year decrease of 85.6% [1][3]. - The gross margin improved in Q2, increasing by 0.44 and 0.88 percentage points to 28.6%, likely driven by changes in product mix. The company effectively controlled overall expenses, with sales, management, and R&D expense ratios showing slight variations [3]. Market Position and Growth Opportunities - The company holds a leading position in the sunshade board market with the highest market share. It is also expanding into the roof system integration market, leveraging opportunities in the electric vehicle sector [4]. - The company is focusing on high-value products and aims to introduce these to more automotive manufacturers, which is expected to drive performance growth [4]. Profit Forecast and Valuation - The profit forecast remains stable despite the Q2 performance decline, with expected net profits of RMB 930 million, RMB 1.11 billion, and RMB 1.29 billion for 2025 to 2027, respectively. The target price adjustment reflects a decrease in comparable company valuations [5][11].

| 证券代码：603730 | 证券简称：岱美股份 | 公告编号：2025-052 | | --- | --- | --- | | 债券代码：113673 | 债券简称：岱美转债 | | 上海岱美汽车内饰件股份有限公司 关于使用闲置募集资金进行现金管理进展的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： | 产品名称 | 共 赢 | 智 | 信 | 汇 | 率 | 挂 | 钩 | 人 | 民 币 | 结 | 构 | 性 | 存 | 款 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | A11769 期 | | | | | | | | | | | | | | | 受托方名称 | 中信银行股份有限公司 | | | | | | | | | | | | | | | 购买金额 | 5,000 万元 | | | | | | | | | | | | | | | 产品期限 | ...

Group 1 - The core viewpoint of the news is that Daimay Co., Ltd. has seen an increase in shareholder accounts and average shareholding value despite a decline in stock price during the reporting period [1][2] - As of June 30, 2025, the number of shareholders for Daimay Co., Ltd. reached 21,072, an increase of 3,068 accounts or 17.04% compared to March 31, 2025 [1][2] - The average shareholding value per account for Daimay Co., Ltd. is 580,200 yuan, which is higher than the industry average of 249,500 yuan for automotive parts companies [1][2] Group 2 - From March 31, 2025, to June 30, 2025, Daimay Co., Ltd. experienced a stock price decline of 9.12%, while the number of shareholders increased significantly [1][2] - During the same period, the company saw a net outflow of 103 million yuan from major funds, while retail investors contributed a net inflow of 71.32 million yuan [2]

Group 1 - The company, Daimai Co., Ltd. (603730.SH), reported a total operating revenue of 3.175 billion yuan for the first half of 2025, representing a year-on-year decrease of 3.35% [1] - The net profit attributable to shareholders of the parent company was 241 million yuan, showing a significant year-on-year decline of 42.56% [1] - The basic earnings per share (EPS) stood at 0.11 yuan [1]

Group 1 - The company, Daimay Co., Ltd. (603730), announced that it will hold its first extraordinary general meeting of shareholders on September 15, 2025 [1] - The agenda for the meeting includes proposals to cancel the supervisory board, change the registered capital, and amend the company's articles of association [1] - Additional proposals to revise the rules of procedure for the shareholders' meeting of Shanghai Daimay Automotive Interior Parts Co., Ltd. will also be discussed [1]

证券代码：603730 证券简称：岱美股份 公告编号：2025-051 债券代码：113673 债券简称：岱美转债 上海岱美汽车内饰件股份有限公司 关于召开2025年第一次临时股东大会的通知 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 一、 召开会议的基本情况 (一)股东大会类型和届次 2025年第一次临时股东大会 (二)股东大会召集人：董事会 (三)投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结合的 方式 (四)现场会议召开的日期、时间和地点 召开的日期时间：2025 年 9 月 15 日 14 点 30 分 召开地点：上海市浦东新区北蔡镇莲溪路 1299 号公司三楼会议室 股东大会召开日期：2025年9月15日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 (七)涉及公开征集股东投票权 无 二、 会议审议事项 本次股东大会审议议案及投票股东类型 (五)网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自202 ...

| 证券代码：603730 | 证券简称：岱美股份 | 公告编号：2025-048 | | --- | --- | --- | | 债券代码：113673 | 债券简称：岱美转债 | | 上海岱美汽车内饰件股份有限公司 第六届监事会第十六次会议决议公告 本公司监事会及全体监事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 一、监事会会议召开情况 上海岱美汽车内饰件股份有限公司（以下简称"公司"）第六届监事会第十 六次会议于 2025 年 8 月 29 日在公司会议室以现场表决的方式召开。会议通知 和材料于 2025 年 8 月 18 日以电子邮件及专人送达方式发出。本次会议应出席 监事 3 名，实际出席监事 3 名。会议由监事会主席陆备军先生主持，会议的召 开符合《公司法》和《公司章程》的规定。 二、监事会会议审议情况 具体内容详见与本公告同时披露于上海证券交易所网站（www.sse.com.cn） 及指定媒体的《上海岱美汽车内饰件股份有限公司 2025 年半年度募集资金存放 与实际使用情况的专项报告》（公告编号：2025-049） ...

重要内容提示： 一、董事会会议召开情况 上海岱美汽车内饰件股份有限公司（以下简称"公司"）第六届董事会第十 九次会议于 2025 年 8 月 29 日在公司会议室以现场表决的方式召开。会议通知 和材料于 2025 年 8 月 18 日以电子邮件及专人送达方式发出。本次会议应出席 董事 6 名，实际出席董事 6 名。公司监事及高级管理人员列席了本次会议。会 议由董事长姜银台先生主持，会议的召开符合《公司法》和《公司章程》的规定。 | 证券代码：603730 | 证券简称：岱美股份 | 公告编号：2025-047 | | --- | --- | --- | | 债券代码：113673 | 债券简称：岱美转债 | | 上海岱美汽车内饰件股份有限公司 第六届董事会第十九次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 二、董事会会议审议情况 1、审议并通过了《<公司 2025 年半年度报告>及摘要》 具体内容详见与本公告同时披露于上海证券交易所网站（www.sse.com.cn） 及指定媒体的《上海岱美汽车内饰件股份有限 ...

Core Viewpoint - The report highlights a significant decline in the company's financial performance for the first half of 2025, with a notable drop in revenue and profits due to various operational challenges and external factors [2][3][10]. Company Overview and Financial Indicators - The company, Shanghai Daimay Automotive Interior Co., Ltd, specializes in the research, production, and sales of automotive interior components, with a global presence including production bases and R&D centers in multiple countries [5][10]. - Key financial metrics for the first half of 2025 include: - Revenue: CNY 3,174.87 million, a decrease of 3.35% compared to the previous year [3][10]. - Total profit: CNY 259.83 million, down 47.89% year-on-year [3][10]. - Net profit attributable to shareholders: CNY 241.33 million, a decline of 42.56% [3][10]. - Basic earnings per share: CNY 0.11, a reduction of 45% [3][10]. Operational Challenges - The company faced several operational challenges, including: - A fire incident at its Mexican subsidiary on May 11, 2025, resulting in significant property damage and an estimated loss of USD 33.75 million [3][10][11]. - Increased tariffs imposed by the U.S. government on goods shipped from Mexico and Vietnam, adding approximately USD 3.94 million in costs [3][10][11]. - A decrease in sales from some North American electric vehicle customers, impacting profit contributions [3][10][11]. Industry Context - The automotive industry is experiencing a complex landscape characterized by rapid growth in electric vehicles, but also facing challenges such as price wars and market segmentation [10][12]. - In the first half of 2025, China's automotive production and sales reached 15.62 million and 15.65 million units, respectively, marking year-on-year growth of 12.5% and 11.4% [10][12]. - The global automotive market saw a total sales volume of 46.32 million vehicles, with varying growth rates across different regions [10][12]. Competitive Advantages - The company has established a strong brand presence and technical capabilities, serving major global automotive manufacturers such as Bentley, Porsche, and Tesla [5][15]. - It has developed a comprehensive supply chain and production network, ensuring timely delivery and quality assurance for its products [19][20]. - The company emphasizes innovation and R&D, with a focus on developing new technologies and products to maintain its competitive edge in the market [12][16].