【私募调研记录】诚盛投资调研德赛西威

Group 1 - The core viewpoint of the news is that Chengsheng Investment has conducted research on Desay SV, revealing significant growth in revenue and profit for the first half of 2025, along with strong performance in smart driving and smart cockpit businesses [1] - Desay SV achieved operating revenue of 14.644 billion yuan, a year-on-year increase of 25.25%, and a net profit of 1.223 billion yuan, a year-on-year increase of 45.82% [1] - The company has secured new project orders with an annualized sales amount exceeding 18 billion yuan and has established overseas branches in multiple countries, with factories in Indonesia and Mexico already in production [1] Group 2 - The smart driving business generated revenue of 4.147 billion yuan, reflecting a year-on-year growth of 55.49%, and the company holds the largest market share in domestic auxiliary driving domain controllers [1] - The smart cockpit business reported sales of 9.459 billion yuan, with an 18.76% year-on-year increase, and the fourth-generation smart cockpit has entered mass production while the fifth-generation platform has received new project orders [1] - Desay SV is focusing on technology research and development, expanding its intelligent computing center, and has validated its integrated cockpit and driving solutions through real vehicle tests [1]