德赛西威: 2025年半年度报告

Core Viewpoint - The report highlights the financial performance and strategic direction of Huizhou Desay SV Automotive Co., Ltd. for the first half of 2025, showcasing significant growth in revenue and net profit, alongside a commitment to innovation and international expansion in the automotive electronics sector. Financial Performance - The company's operating revenue for the first half of 2025 reached approximately 14.64 billion yuan, representing a year-on-year increase of 25.25% compared to 11.69 billion yuan in the same period last year [11][21]. - The net profit attributable to shareholders was approximately 1.15 billion yuan, up 45.94% from 789.72 million yuan in the previous year [11][21]. - Basic earnings per share increased to 2.21 yuan, a rise of 46.36% from 1.51 yuan [11][21]. - The total assets at the end of the reporting period were approximately 21.66 billion yuan, showing a slight increase of 0.81% from the previous year [11][21]. Business Overview - The company focuses on three main areas: intelligent cockpits, intelligent driving, and connected services, maintaining a leading position in the industry [9][10]. - The intelligent cockpit segment generated approximately 9.46 billion yuan, accounting for 64.59% of total revenue, while the intelligent driving segment achieved 4.15 billion yuan, reflecting a growth of 55.49% [11][21]. - The connected services and other segments contributed approximately 1.04 billion yuan, a slight decrease of 2.11% [11][21]. Market Trends - The automotive industry in China experienced a significant increase in production and sales, with new energy vehicle sales reaching 696.8 million units, a year-on-year growth of 41.4% [7][8]. - The report indicates a strong demand for intelligent and connected vehicle technologies, driven by the rapid advancement of smart driving systems and the need for enhanced safety and reliability [8][9]. Strategic Initiatives - The company has updated its development strategy, emphasizing a mission to lead in safe, enjoyable, and green travel, and a vision of "smart travel, globally shared" [8][9]. - It aims to enhance its technological capabilities and expand its international presence, with a focus on building a global supply chain network and localizing services [16][18]. - The company is committed to sustainable development, aligning its operations with carbon neutrality goals and enhancing its product offerings to meet low-carbon standards [18][19].