单季度看，公司2025 年二季度，营业收入为78.52 亿元，同比增长29.90%，归母净利润为6.40 亿元，同 比增长41.15%。费用率方面，2025 年二季度公司销售费用率、管理费用率、研发费用率分别为1.26%、 1.47%、8.55%，分别同比+0.35pct、-0.49pct、-0.11pct。 事件： 德赛西威8 月11 日晚间发布半年度业绩报告称，2025 年上半年营业收入约146.44 亿元，同比增 加25.25%；归属于上市公司股东的净利润约12.23 亿元，同比增加45.82%；基本每股收益2.21 元，同比 增加46.36%。 上半年业绩超预期，。根据公司公告，2025 年上半年公司毛利率、净利率分别为20.33%、8.43%，公司 毛利率与去年同期持平，净利率提升1.19pct。 投资建议：公司乘汽车智能化之"势"，在产品矩阵扩张布局深远，加速国际化战略落地，向全球领先 Tier1 的星辰大海进发。我们预计公司2025-2027年分别实现营业收入346.04、428.56、525.17 亿元，实 现归母净利润26.76、33.77、41.90 亿元，对应当前PE 估值分别为22x、 ...

从资金流向上来看，当日软件开发板块主力资金净流出3.26亿元，游资资金净流出5.02亿元，散户资金净 流入8.28亿元。软件开发板块个股资金流向见下表： 证券之星消息，8月12日软件开发板块较上一交易日上涨0.44%，*ST广道领涨。当日上证指数报收于 3665.92，上涨0.5%。深证成指报收于11351.63，上涨0.53%。软件开发板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 839680 | *ST广道 | 9.50 | 10.21% | 15.72万 | | 1.47亿 | | 002298 | 中电鑫龙 | 8.56 | 10.03% | 96.40万 | | 8.11亿 | | 300766 | 每日互动 | 40.88 | 8.49% | 0 99.98万 | | 40.21亿 | | 002920 | 德赛西威 | 113.91 | 7.44% | 1 26.12万 | | 29.69亿 | | 300468 | 四方精创 | 40.92 ...

Investment Rating - The investment rating for the company is "Accumulate" (maintained) [2] Core Views - The company reported a significant increase in revenue and net profit for the first half of 2025, with revenue approximately 14.644 billion yuan, a year-on-year increase of 25.25%, and net profit approximately 1.223 billion yuan, a year-on-year increase of 45.82% [7] - The company is expected to benefit from the trend of automotive intelligence, expanding its product matrix and accelerating its international strategy [7] - The forecasted revenue for 2025-2027 is 34.604 billion, 42.856 billion, and 52.517 billion yuan respectively, with corresponding net profits of 2.676 billion, 3.377 billion, and 4.190 billion yuan [7] Financial Performance - The company's revenue for 2023A was 21.908 billion yuan, with a growth rate of 46.7%, and is projected to grow at rates of 26.1%, 25.3%, 23.8%, and 22.5% for the following years [6][8] - The net profit for 2023A was 1.547 billion yuan, with a growth rate of 30.6%, projected to grow at rates of 29.6%, 33.5%, 26.2%, and 24.1% for the subsequent years [6][8] - The company's earnings per share (EPS) for 2025E is projected to be 4.82 yuan, with a price-to-earnings (PE) ratio of 22.0 [6][8] Business Segments - The smart cockpit business generated revenue of 9.459 billion yuan, a year-on-year increase of 18.76%, while the smart driving business saw revenue of 4.147 billion yuan, a year-on-year increase of 55.49% [7] - The connected business revenue was 1.038 billion yuan, showing a slight decrease of 2.11% year-on-year [7] Market Performance - The company's stock performance over the last 12 months showed a decline of 5%, while the benchmark index (CSI 300) increased by 9% [4]

Market Overview - The Shanghai Composite Index closed at 3665.92 points, above the annual line, with a change of 0.50% [1] - The total trading volume of A-shares reached 1,905.21 billion yuan [1] Stocks Breaking Annual Line - A total of 27 A-shares have surpassed the annual line today, with notable stocks including Desay SV, Wanli Stone, and *ST Guohua, showing divergence rates of 4.85%, 4.59%, and 4.49% respectively [1] - Stocks with smaller divergence rates that just crossed the annual line include China CNR, Ninghu Expressway, and Huatian Technology [1] Top Divergence Rate Stocks - The top three stocks with the highest divergence rates are: - Desay SV (7.44% increase, 4.72% turnover rate, latest price 113.91 yuan, divergence rate 4.85%) [1] - Wanli Stone (4.93% increase, 5.82% turnover rate, latest price 31.30 yuan, divergence rate 4.59%) [1] - *ST Guohua (4.97% increase, 2.12% turnover rate, latest price 8.87 yuan, divergence rate 4.49%) [1] Additional Stocks with Notable Performance - Other stocks with significant performance include: - Kairun Co., Ltd. (4.82% increase, 4.94% turnover rate, latest price 22.40 yuan, divergence rate 4.08%) [1] - *ST Qingyan (3.39% increase, 4.36% turnover rate, latest price 14.64 yuan, divergence rate 3.05%) [1] - Huai Bei Mining (2.80% increase, 1.18% turnover rate, latest price 13.24 yuan, divergence rate 2.41%) [1]

| | 胎 | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 000090 | 天健集 | 2.51 | 2.44 | 3.60 | 3.67 | 1.87 | | | 团 | | | | | | | 300465 | 高伟达 | 2.65 | 4.79 | 15.61 | 15.90 | 1.85 | | 300360 | 炬华科 | 1.99 | 3.78 | 16.13 | 16.42 | 1.79 | | | 技 | | | | | | | 300657 | 弘信电 | 5.52 | 11.55 | 30.48 | 30.95 | 1.55 | | | 子 | | | | | | | 834765 | 美之高 | 2.41 | 9.05 | 17.62 | 17.88 | 1.46 | | 002415 | 海康威 | 1.39 | 0.73 | 28.84 | 29.25 | 1.42 | | | 视 | | | | | | | 603019 | 中科曙 | 1.35 | 2.81 | 68.25 | 69.13 | 1.30 | | ...

民生证券研报指出，德赛西威25Q2盈利高增，国际化战略持续深化。公司核心业务板块增长强劲，不 断推动产品技术革新。深化国际化战略构建生态协同。2025H1公司境外销售收入达10.38亿元，同比增 长36.82%。2025年5月，公司在印尼地区开始贡献产能；2025年6月，墨西哥蒙特雷工厂首个量产项目 诞生，为美洲市场提供了更高效的本地化服务保障；西班牙智能工厂预计将于2026年开始量产，为欧洲 地区提供智能座舱、辅助驾驶领域的系列前沿智能化产品。智能座舱产品受益大屏多屏趋势及新客户拓 展，智能驾驶产品覆盖L2、L3及以上级别，看好智能变革机遇下公司长期成长。维持"推荐"评级。 ...

瑞财经 刘治颖 8月11日，德赛西威(SZ002920)发布2025年半年度报告。 | 分行业 | | | | | | | --- | --- | --- | --- | --- | --- | | 汽车电子 | 14, 644, 226, 208. 89 | 11, 667, 450, 753. 00 | 20. 33% | 25. 25% | 24. 79% | | 分产品 | | | | | | | 智能座舱 | 9, 459, 348, 516. 58 | 7, 590, 864, 258. 78 | 19. 75% | 18. 76% | 17.99% | | 智能驾驶 | 4, 146, 965, 738. 50 | 3, 328, 483, 628. 07 | 19. 74% | 55. 49% | 53.70% | | 分地区 | | | | | | | 境内销售 | 13, 606, 047, 681. 72 | 10, 929, 607, 733.00 | 19. 67% | 24. 44% | 24. 94% | 2025年上半年，德赛西威营业收入为146.44亿元，同比增加25.25% ...

| 00071 | 1 | *ST京蓝 | 1.75 | 0.87 | 1.73 | 1.74 | 0.39 | | --- | --- | --- | --- | --- | --- | --- | --- | | 603393 | | 新天然 气 | 3.19 | 2.50 | 30.39 | 30.45 | 0.19 | | 000410 | | 沈阳机 床 | 3.27 | 2.30 | 6.93 | 6.94 | 0.17 | | 002185 | | 华天科 技 | 0.99 | 1.71 | 10.18 | 10.19 | 0.14 | | 600377 | | 宁沪高 速 | 0.21 | 0.1 1 | 14.08 | 14.09 | 0.10 | | 601766 | | 中国中 车 | 0.67 | 0.22 | 7.54 | 7.55 | 0.07 | | 600280 | | 中央商 场 | 0.29 | 1.98 | 3.49 | 3.49 | 0.04 | （文章来源：证券时报网） 证券时报·数据宝统计，截至今日下午14:00，上证综指3666.91点，收于年线之上，涨跌幅为0. ...

北上资金持股量居前的智能驾驶概念股一览 单位：万股 ■ 北上资金持股量 25000 20000 15000 10000 5000 ( 中 广 和 法國 伯 特 特 ttps://www.blogs.com/spares/ 型太假的 #澎汽# 欧菲 光 均胜电子 中科副达 k8887 千方科技 德赛四威 韦尔殿份 四维图新 茄ឌ集团 机构关注度较高的智能驾驶概念股一览 单位:家 | | | | 德赛西威 LALLELLICULALLALLALALALALALLALLALLALLALLILLILILIULILIULIULIULIU | | --- | | 伯特 利 | | 拓普集团 LALLALLALLALLALLALLALALALALALAL | | 保険科技 _□□□□□□□□□□□□□□□□□□□□□□□□□□□□□□□□□□□□□ 31 | | 中科创达 | | 韦尔股份 ■www.latabalala.la/w/ | | 广 和 通 ■៤짜리 山东山 | | 华阳集团 LLL L | | 华测导航 山 | | 均胜电子 Latalalalalululululululululululululululu 2 ...

Market Overview - The Shanghai Composite Index is at 3660.38 points, above the annual line, with a change of 0.35% [1] - The total trading volume of A-shares is 858.514 billion yuan [1] Stocks Breaking Annual Line - 18 A-shares have surpassed the annual line today, with notable stocks including Desay SV, Wanli Stone, and Huaibei Mining, showing deviation rates of 4.94%, 4.03%, and 3.10% respectively [1] - Stocks with smaller deviation rates that have just crossed the annual line include Kweichow Moutai, Ninghu Expressway, and Unisplendour [1] Top Stocks by Deviation Rate - The top three stocks with the highest deviation rates are: - Desay SV: 7.53% increase, trading at 114.00 yuan, deviation rate of 4.94% [1] - Wanli Stone: 4.36% increase, trading at 31.13 yuan, deviation rate of 4.03% [1] - Huaibei Mining: 3.49% increase, trading at 13.33 yuan, deviation rate of 3.10% [1] Additional Notable Stocks - Other stocks with significant performance include: - ST Guohua: 2.72% increase, trading at 8.68 yuan, deviation rate of 2.26% [1] - Kairun Technology: 2.95% increase, trading at 22.00 yuan, deviation rate of 2.22% [1] - Shanxi Fenjiu: 2.19% increase, trading at 190.70 yuan, deviation rate of 1.86% [1]