Group 1 - The company held its 13th meeting of the 4th Board of Directors on September 5, 2025, with all 9 directors present, complying with legal and regulatory requirements [1] - The board proposed to extend the validity period of the shareholder meeting resolution for the issuance of stocks to specific targets until February 20, 2026, to ensure continuity and effectiveness of the issuance process [2][4] - The proposal received unanimous approval from the independent directors, with a voting result of 9 votes in favor, 0 against, and 0 abstentions [2][4] Group 2 - The company plans to hold its 3rd temporary shareholder meeting of 2025 on September 23, 2025, to review the proposals submitted by the board [6] - The announcement regarding the extension of the validity period for the stock issuance resolution will be disclosed in various financial publications and platforms [5]

近五日涨跌: -8.30% 市盈率：42.24倍 惠州市德赛西威汽车电子股份有限公司 证券代码：002920 证券简称：德赛西威 公告编号：2025-066 惠州市德赛西威汽车电子股份有限公司 本公司及监事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 一、监事会会议召开情况 惠州市德赛西威汽车电子股份有限公司（以下简称"公司"）第四届监事会 第十三次会议通知于 2025 年 9 月 2 日以电话及专人送达的形式发出，并于 2025 年 9 月 5 日以通讯方式召开。本次会议由公司监事会主席余孝海先生召集并主持， 应到监事 3 人，实到 3 人。本次会议召集和召开程序符合《公司法》等法律、行 政法规、规范性文件以及《公司章程》的规定。 二、会议审议情况 有效期的议案》 经审核，监事会认为：本次公司延长 2024 年度向特定对象发行股票股东大 会决议有效期至中国证监会关于公司本次发行同意注册批复规定的有效期截止 日（即 2026 年 2 月 20 日），是为确保本次发行工作的延续性、有效性和顺利推 进，符合公司及全体股东的利益，不存在损害公司及股东特别是中小股东利益的 情形。因 ...

惠州市德赛西威汽车电子股份有限公司 证券代码：002920 证券简称：德赛西威 公告编号：2025-068 惠州市德赛西威汽车电子股份有限公司 关于召开 2025 年第三次临时股东大会的通知 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 惠州市德赛西威汽车电子股份有限公司（以下简称"公司"、 "本公司"或"德 赛西威"）第四届董事会第十三次会议审议通过了《关于提议召开公司 2025 年第 三次临时股东大会的议案》，决定于 2025 年 9 月 23 日召开公司 2025 年第三次临 时股东大会，现将本次股东大会有关事项公告如下： 一、召开会议的基本情况 华人民共和国公司法》《上市公司股东会规则》和《惠州市德赛西威汽车电子股 份有限公司章程》的有关规定。 （1）现场会议时间：2025 年 9 月 23 日下午 14:50 （2）网络投票时间：2025 年 9 月 23 日 通过深圳证券交易所交易系统进行投票的具体时间为 2025 年 9 月 23 日上午 票系统进行投票的时间为 2025 年 9 月 23 日上午 9:15 至下午 15:00。 （1）现场投票：股 ...

Group 1 - Huayang Group held its first meeting of the fifth board of directors on September 5, 2025, to discuss various proposals including the appointment of the internal audit director [1] - For the first half of 2025, Huayang Group's revenue composition was as follows: automotive electronics accounted for 71.33%, precision die-casting 24.33%, and others 4.34% [1] - As of the report date, Huayang Group's market capitalization was 16.8 billion yuan [1] Group 2 - Haidilao is diversifying into various businesses such as hair washing in barbecue restaurants, opening a bakery by West Lake, and entering the high-end hotel sector [1] - The survival rate of sub-brands under Haidilao is less than 50% [1]

Group 1 - Desay SV's board meeting was held on September 5, 2025, to discuss extending the validity period of the 2024 stock issuance resolution [1] - For the first half of 2025, Desay SV's revenue composition was 100% from automotive electronics [1] - As of the report date, Desay SV's market capitalization was 68.3 billion yuan [1] Group 2 - Haidilao's sub-brands have a survival rate of less than 50% [1] - The company has diversified into various sectors, including opening a bakery by West Lake and entering the high-end hotel market [1]

Investment Rating - The investment rating for the company is "Buy" [1] Core Views - The company has shown strong performance with a revenue of 32.96 billion yuan in the first half of 2025, representing a year-on-year increase of 14.18%. The net profit attributable to shareholders reached 1.14 billion yuan, up 32.68% year-on-year [2][3] - The company's vertical integration strategy has proven effective, particularly in the smartphone and computer segments, which generated revenue of 27.18 billion yuan, a 13.19% increase year-on-year [3] - The automotive business is accelerating, with revenue from smart automotive and cockpit products reaching 3.165 billion yuan, a 16.45% increase year-on-year [3] - Emerging fields such as AI-enabled products are expanding, with revenue from smart glasses and wearables at 1.647 billion yuan, up 14.74% year-on-year [3] - The company is expected to achieve net profits of 5.251 billion yuan, 6.919 billion yuan, and 8.026 billion yuan for the years 2025, 2026, and 2027 respectively, with corresponding P/E ratios of 30.39, 23.07, and 19.88 [3][4] Financial Summary - The total revenue for 2023 is projected at 54.491 billion yuan, with a year-on-year growth rate of 16.7%. By 2027, revenue is expected to reach 132.023 billion yuan, with a growth rate of 17.5% [4] - The net profit attributable to shareholders for 2023 is estimated at 3.021 billion yuan, with a year-on-year growth of 23.4%. This is projected to increase to 8.026 billion yuan by 2027, with a growth rate of 16.0% [4] - The gross margin is expected to stabilize around 15.9% from 2025 to 2026, with a slight increase to 16.3% by 2027 [4] - The return on equity (ROE) is projected to improve from 6.5% in 2023 to 12.4% in 2027 [4]

➢ 风险提示：客户销量不及预期、域控业务不及预期、收购不及预期的风险等。 [盈利预测与财务指标 Table_Forcast] ➢ 智驾子公司收购 新产品、新客户不断突破。公司拟以现金 3.45 亿元收购科 博达智能科技 60%股权，标的公司主营安全、高性能的汽车智能中央算力平台及 相关域控制器产品，具备行业前沿的软件算法、硬件设计和生产制造能力，标的 公司截至 20250731 资产总额 7.79 亿元/净资产 0.75 亿元，2025 年 1-7 月实 现收入 2.99 亿元、净利润-0.35 亿元，亏损主要系研发投入较大、固定资产投入 前置，导致阶段性亏损，但盈利能力相比 2024 年显著提升，我们看好本次收购 对上市公司技术、产品、客户的完善：1）充足在手订单支撑未来增长：科博达 智能科技已开发出汽车智能中央算力平台、智能驾驶域控制器等产品，并定点国 内、国际主流品牌在内的 4 家客户、生命周期销售额预计超 200 亿元；2）业绩 承诺凸显发展信心：出售方承诺 2025 年 8-12 月、2026-2030 年度科博达智能 科技累计实现净利润不低于 6.3 亿元，对应年化利润约 1.16 亿元，本次收购 ...

当你拆开 ECU ，看到里面密密麻麻的元器件时，有时会不会感到困惑、茫然，不知道该从哪里入 手，这是非常正常的。 今天，我们帮助大家认识 ECU 中那些元器件都是怎么工作的，同时帮助大家更顺利地维修 ECU 。此处用于演示的 ECU ，分别取自两辆不同汽车，分别来自于起亚与现代两个品牌。 扫码加我本人微信 以下文章来源于汽车开发圈 ，作者Autocar Star 汽车开发圈 . EEWorld旗下账号，聚焦汽车电子软硬件开发，认真关注技术本身 我是芯片超人花姐，入行20年，有50W+芯片行业粉丝。 有很多不方便公开发公众号的， 关于芯片买卖、关于资 源链接等， 我会分享在朋友圈 。 ECU 的主控 MCU 首先，这是 ECU 的主控制中心 MCU ，采用是英飞凌 TC17xx 系列的 SAK-TC1762- 128F66HLAC 。它起着核心作用，几乎所有与发动机运行相关的数据，以及车辆其他控制系统的 数据，都由它来处理。 具体来说，它主要有五大功能： 第一，读取传感器信号。比如曲轴位置传感器、凸轮轴位置传感器、进气歧管绝对压力传感器（ MAP ）、空气质量流量传感器（ MAF ）、温度传感器，还有氧传感器（ ...

Group 1 - The company Kobot has announced a cash acquisition of 60% equity in Shanghai Kobot Intelligent Technology from Shanghai Keshih, with a transaction price of 345 million yuan [2] - Following the acquisition, Kobot Intelligent Technology will become a subsidiary of the listed company and will be included in the consolidated financial statements starting from September 30, 2025 [2] - The acquisition aligns with the Chinese government's policy to encourage listed companies to focus on their core business and improve development quality through mergers and acquisitions [2] Group 2 - Kobot Intelligent Technology, established in October 2022, specializes in the research and production of automotive intelligent central computing platforms and related domain controllers [2] - The company has established deep collaborations with leading software algorithm companies and semiconductor solution providers, aiming to develop intelligent driving solutions for major global automotive brands [2] - The projected sales revenue from its designated projects is expected to exceed 20 billion yuan, with two domestic mainstream automotive brands already achieving large-scale production of related products [2] Group 3 - The agreement includes a profit commitment from Shanghai Keshih, ensuring that Kobot Intelligent Technology achieves a cumulative net profit of no less than 630 million yuan from August to December 2025 and during the 2026-2030 period [3] - Despite the profit commitment, the company has been operating at a loss since its establishment, and its business is influenced by macroeconomic conditions, industry cycles, and technological development [3] - Kobot emphasizes that the acquisition will enable it to quickly enter the core product segment of automotive intelligence, enhancing its technological capabilities and market resources [3] Group 4 - The transaction is expected to enhance cooperation with leading semiconductor manufacturers, improve the high-end semiconductor supply chain, and promote the upgrade of manufacturing processes towards "efficient intelligent manufacturing" [3] - This strategic move is anticipated to elevate the company's core competitiveness and market position in the automotive electronics sector [3] - The acquisition is in line with the company's development strategy and is expected to open new business growth opportunities, enhancing profitability and sustainable development [3]

Core Viewpoint - The Ministry of Industry and Information Technology and the State Administration for Market Regulation have issued the "Action Plan for Stable Growth of the Electronic Information Manufacturing Industry (2025-2026)", which outlines 16 specific measures to promote industrial upgrading, enhance the high-quality supply system, facilitate economic circulation, and drive technological and industrial innovation integration [1][3]. Group 1: Expected Goals - The average growth rate of the value-added in the computer, communication, and other electronic equipment manufacturing industries is projected to be around 7% from 2025 to 2026, with the annual revenue growth rate of the electronic information manufacturing industry expected to exceed 5% when including related fields such as lithium batteries and photovoltaics [3]. - By 2026, it is anticipated that the revenue scale and export ratio will maintain the top position among 41 industrial categories, with five provinces achieving over 1 trillion yuan in electronic information manufacturing revenue, and the server industry scale exceeding 400 billion yuan [3]. - The domestic market penetration rate for color televisions of 75 inches and above is expected to exceed 40%, while personal computers and mobile phones will advance towards higher levels of intelligence and premium quality [3]. Group 2: Industrial Upgrading and Innovation - The plan emphasizes promoting high-end electronic complete machines and enhancing product supply levels, focusing on key areas and industry applications, and continuously strengthening the supply level of electronic products [3]. - It encourages the integration of artificial intelligence terminals with end products, developing a grading method and standards for the intelligence of AI terminals, and promoting innovative applications of AI terminals across various regions [3]. Group 3: Quality Development and Consumption Expansion - The plan aims to eliminate "involution" competition in the photovoltaic sector and achieve high-quality development by legally addressing low-price competition in photovoltaic products [4]. - It supports the orderly layout of photovoltaic and lithium battery industries at the local level, implements quality management for photovoltaic modules and lithium battery products, and strengthens policy coordination with investment, finance, and safety [4]. - To expand consumption scenarios, the plan proposes improving the design level of smart products for the elderly and increasing the supply of high-quality terminal products for smart health and elderly care [4].