Daimay recovers capital, earns income from cash management strategy

Shanghai Daimay Automotive Interior Components Co., Ltd. (Daimay) announced the maturity and recovery of funds from a cash management product, specifically a China Merchants Bank "Gold Series" structured deposit. The company recovered its principal of 40m yuan and received investment income of 34,000 yuan from this product, which matured on September 18, 2025. This move is part of Daimay's strategy to utilize idle raised funds for cash management, an approach approved by its board of directors on April 29, 2025.

The board had authorized the use of up to 400m yuan of idle raised funds for low-risk, principal-protected wealth management products, with a validity period of 12 months, allowing for rolling use. As of the announcement date, Daimay has redeemed a total of 810m yuan from various wealth management products over the past 12 months, generating a cumulative income of 3.0119m yuan.

Currently, the company has 190m yuan invested in wealth management products, with an additional 210m yuan of the approved limit remaining unused, out of a total approved cash management limit of 400m yuan. The highest single-day investment in the past 12 months reached 300m yuan.