Daimay(SH:603730) Mei Ri Jing Ji Xin Wen·2025-12-02 14:25Core Viewpoint - Daimay Co., Ltd. reported a prepayment of $14.7 million (approximately RMB 104 million) from an insurance company following a fire incident at its subsidiary in Mexico, which caused significant damage to its facilities and inventory [1][4]. Financial Performance - For the first half of the year, the company achieved operating revenue of RMB 3.175 billion, a decrease of 3.35% year-on-year [2]. - The net profit attributable to shareholders was RMB 241 million, down 42.56% compared to the same period last year [2]. - The total profit for the period was RMB 259 million, reflecting a decline of 47.89% year-on-year [2]. Impact of Fire Incident - The fire incident on May 11, 2025, resulted in an estimated loss of $33.75 million (approximately RMB 242 million), which significantly impacted the company's financial results for the first half of the year [1][3]. - The company indicated that if the fire loss and increased tariff costs were excluded, the actual net profit for the first half would have been approximately RMB 431 million, representing a slight increase of 2.48% year-on-year [3]. Insurance Claims - The company has filed an insurance claim totaling approximately $46.28 million (around RMB 327 million), with the claim being processed by AXA [4]. - The insurance compensation includes about $10.2 million for building damages and approximately $36.08 million for equipment and inventory losses [6]. Subsidiary Financials - As of December 31, 2024, the subsidiary in Mexico had total assets of RMB 3.509 billion and net assets of RMB 1.286 billion, with a debt ratio of 63.36% [8].