Shanghai Daimay's convertible bond trusteeship report released

Shanghai Daimay Automotive Interior has released its trusteeship report for its convertible bonds issued to unspecified targets, managed by China Securities. The report, based on documents including the company's annual report and related agreements, highlights key financial metrics for 2024, with revenue reaching CNY 6.377 billion, an 8.80% increase year-over-year, and net profit attributable to shareholders at CNY 802.18 million, a 22.66% rise. The convertible bond's initial conversion price was adjusted to CNY 7.37 per share in June 2025. As of December 31, 2024, the convertible bond's balance in the company account stood at CNY 246.227 million. China Securities, as the trustee, confirmed adherence to the trusteeship agreement, with no significant issues affecting bondholder rights. The company's credit rating remains at AA.