Daimay Automotive addresses performance, fire impact at investor briefing

Shanghai Daimay Automotive Interior Components Co., Ltd. (Daimay Automotive) participated in the 2025 Shanghai listed company collective reception day and interim report results briefing on September 19, 2025. The company’s vice chairman and general manager, Mr. Jiang Ming, independent director Mr. Fan Wen, and CFO and board secretary Mr. Xiao Chuanlong, addressed investor inquiries.

Key discussions included a 42.56% year-on-year decrease in net profit attributable to shareholders, primarily due to a $242m non-operating expense from a Mexico factory fire. The company confirmed that the factory has resumed normal production and anticipates receiving $1bn in insurance claims for the factory portion within 1-2 months, with inventory claims to follow. Daimay Automotive also stated that its pricing model is cost-plus, meaning potential tariff increases, such as the $394m impact from US tariffs, would be passed on to downstream customers.

Daimay Automotive emphasized its commitment to investor returns and market value management, clarifying that its controlling shareholders have not reduced their holdings externally since the IPO, apart from internal transfers. The company also confirmed that no interim dividend would be distributed for 2025. It highlighted its primary products include automotive interior components such as sun visors, headrests, and overhead systems, while actively exploring new interior products.