Desay SV(SZ:002920) Zheng Quan Shi Bao Wang·2025-08-11 13:35Core Viewpoint - Desay SV's net profit increased by nearly 46% year-on-year in the first half of the year, outpacing revenue growth, driven by increased customer payments and strong overseas revenue growth [1][2]. Financial Performance - The company achieved operating revenue of 14.644 billion yuan, a year-on-year increase of 25.25% [1]. - Net profit attributable to shareholders reached 1.223 billion yuan, reflecting a year-on-year growth of 45.82% [1]. - Operating cash flow net amount increased by 166% year-on-year, reaching 1.6 billion yuan [1]. Business Segments - The intelligent driving segment saw a revenue increase of 55% year-on-year, totaling 4.147 billion yuan [2]. - The intelligent cockpit business generated sales of 9.459 billion yuan, with an 18.76% year-on-year growth [2]. - New project orders for intelligent cockpit exceeded an annualized sales amount of 18 billion yuan [1]. Market Dynamics - The global automotive market showed a "rise in the East and a slowdown in the West," with global vehicle sales reaching 46.32 million units, a 5% year-on-year increase [2]. - In China, automotive production and sales both exceeded 15 million units for the first half of the year [2]. International Strategy - The company's overseas sales revenue accounted for approximately 7% of total revenue, a year-on-year increase of nearly 37% [3]. - New production capacity in Indonesia is expected to contribute starting in May 2025, enhancing supply chain capabilities in Southeast Asia [3]. - A new plant in Monterrey, Mexico, is set to provide localized services for the Americas, with a smart factory in Spain expected to start production in 2026 [3].