Desay SV(SZ:002920) Xin Lang Cai Jing·2025-08-12 01:38Core Viewpoint - Desay SV Automotive (002920.SZ) reported strong financial performance in its 2025 mid-year report, with significant increases in revenue, net profit, and cash flow from operating activities, indicating sustained growth over the past five years [1][3]. Financial Performance - Total operating revenue reached 14.644 billion yuan, an increase of 2.952 billion yuan compared to the same period last year, marking a year-on-year growth of 25.25% [1]. - Net profit attributable to shareholders was 1.223 billion yuan, up by 384 million yuan year-on-year, reflecting a 45.82% increase [1]. - Net cash flow from operating activities was 1.638 billion yuan, an increase of 1.022 billion yuan year-on-year, representing a 166.17% growth [1]. Profitability Metrics - The latest asset-liability ratio stands at 54.88% [3]. - Gross profit margin is reported at 20.33% [3]. - Return on equity (ROE) is 12.69%, an increase of 2.66 percentage points compared to the same period last year [3]. - Diluted earnings per share (EPS) is 2.21 yuan, an increase of 0.70 yuan year-on-year, reflecting a 46.36% growth [3]. Efficiency Ratios - Total asset turnover ratio is 0.68 times, an increase of 0.02 times year-on-year, indicating a 2.34% growth [3]. - Inventory turnover ratio is 3.03 times, up by 0.31 times compared to the same period last year, representing an 11.26% increase [3]. Shareholder Structure - The number of shareholders is 59,000, with the top ten shareholders holding 375 million shares, accounting for 67.54% of the total share capital [3]. - Major shareholders include Guangdong Desay Group Co., Ltd. (28.31%) and Huizhou Innovation Investment Co., Ltd. (24.63%) [3].