Daimay(SH:603730) Zheng Quan Zhi Xing·2025-06-23 09:32Group 1 - The company, Shanghai Daimay Automotive Interior Co., Ltd, has issued convertible bonds totaling up to RMB 908 million, approved by the China Securities Regulatory Commission [3][4][18] - The bonds were issued on July 18, 2023, with a total of 9,079,390 bonds at a face value of RMB 100 each, raising a net amount of RMB 896.99 million after deducting issuance costs [4][18] - The bonds are set to mature in six years, with a tiered interest rate starting at 0.30% in the first year and increasing to 2.00% by the sixth year [5][19] Group 2 - The initial conversion price for the bonds was set at RMB 15.72 per share, which has been adjusted to RMB 7.37 per share as of June 4, 2025, due to profit distribution [9][21] - The company reported a net profit of RMB 802.18 million for the year 2024, representing a 22.66% increase compared to the previous year [16][17] - The company has established relationships with major automotive manufacturers globally, including brands like Bentley, Porsche, and Tesla, positioning itself as a leader in the automotive interior parts industry [16][17]