Daimei Shares first-half net profit attributable to parent 420 million yuan, up 74.2% year on year

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Daimei Shares released its 2026 half-year report. First-half net profit attributable to the parent was 420 million yuan, up 74.2% year on year, but operating revenue was 3.022 billion yuan, down 4.8% year on year. Second-quarter net profit attributable to the parent was 234 million yuan, up 623.3% year on year, while operating revenue was 1.48 billion yuan, down 6.3% year on year. The sharp rise in net profit was mainly because the Mexico interiors business suffered a fire in the same period last year, creating a low base, and insurance compensation was received during the reporting period. However, net profit attributable to the parent after deducting non-recurring items was 350 million yuan, down 12.9% year on year, mainly affected by exchange losses from the appreciation of the renminbi against the US dollar. As of the end of the second quarter, the company's total assets were 7.296 billion yuan, down 3.8% from the end of the previous year.

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First-half net profit attributable to parent up 74.2% year on year, though revenue declined and profit growth was partly due to a low base and insurance compensation.