（文章来源：证券日报） 证券日报网讯德赛西威9月3日在互动平台回答投资者提问时表示，公司第五代智能座舱面向AI时代出 行需求，将重新定义智能座舱性能基准，为出行体验开创全新维度，驱动汽车智能化加速迈向AI时 代，目前已获得理想汽车新项目订单，并获得多家全球顶级主机厂的高度关注。 ...

Core Viewpoint - The company reported a significant increase in net profit and revenue for the first half of the year, driven by improved customer payments and strong growth in overseas income [2][3]. Financial Performance - The company achieved operating revenue of 14.644 billion yuan, a year-on-year increase of 25.25% [2]. - Net profit attributable to shareholders reached 1.223 billion yuan, reflecting a growth of 45.82% year-on-year [2]. - Operating cash flow net amount increased by 166% year-on-year, totaling 1.6 billion yuan [2]. Business Segments - The intelligent cockpit business generated sales of 9.459 billion yuan, up 18.76% year-on-year [3]. - The intelligent driving segment saw revenue of 4.147 billion yuan, marking a growth of 55.49% [3]. - The company’s new project orders in the intelligent cockpit segment have an annualized sales value exceeding 18 billion yuan [2]. Market Position and Developments - The company’s fourth-generation intelligent cockpit has been mass-produced for clients such as Li Auto, Xiaomi, and Geely, with ongoing orders from other major automakers [3]. - The company maintains the leading market share in the domestic auxiliary driving domain controller sector [3]. - The company is expanding its global market share in intelligent cockpit products, securing new project orders from various domestic and international clients [3].

Core Viewpoint - Desay SV's half-year report shows significant growth in net profit and revenue, driven by increased customer payments and overseas income growth outpacing domestic income [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, up 45.82% year-on-year [1] - Operating cash flow net amount increased by 166% year-on-year, reaching 1.6 billion yuan [1] Accounts Receivable and Payment Terms - The accounts receivable turnover days improved slightly to 112.97 days from 119.81 days in the first quarter [1] - In 2025, the automotive industry is expected to reduce payment terms to suppliers to no more than 60 days [1] Business Segments - The smart cockpit business generated sales of 9.459 billion yuan, a growth of 18.76% [2] - The fourth-generation smart cockpit has been mass-produced for clients such as Li Auto, Xiaomi, and Geely, with new project orders from several leading automakers [2] - The smart driving business achieved revenue of 4.147 billion yuan, growing by 55.49% [2] - The company maintains the largest market share in the domestic auxiliary driving domain controller sector [2]

"AI 技术作为研发的核心支撑，叠加公司在汽车电子领域积累的核心技术与体系化能力，助力公司高效 开拓战略新领域。"德赛西威表示，公司在坚定稳固核心主业根基的同时，积极把握市场机遇，前瞻性 地布局具有战略意义的新产品与新业务领域。通过充分利用并激活既有的成熟车规级供应链资源与技术 底蕴，高效整合现有技术、生产能力和合作伙伴网络，使得公司能以更低成本、更快速度切入新业务， 快速在新领域形成竞争力。基于此，公司积极探索智慧交通、无人配送、机器人等新兴领域，打造未来 持续发展的新增长曲线。 8月11日，德赛西威发布2025年半年报，公司营业收入为146.4亿元，同比上升25.2%；归母净利润为 12.2亿元，同比上升45.8%；扣非归母净利润为11.5亿元，同比上升45.9%；经营现金流净额为16.38亿 元，同比增长166.2%；EPS(全面摊薄)为2.203元。 其中第二季度，德赛西威营业收入为78.5亿元，同比上升29.9%；归母净利润为6.4亿元，同比上升 41.1%；扣非归母净利润为6.56亿元，同比上升56.4%。 目前，德赛西威第四代智能座舱已在理想汽车、小米汽车、吉利汽车等客户规模化量产，并持续获得广 ...

（原标题：德赛西威上半年净利润同比增长45.82%? 客户回款增加带动现金流改善） 作为智能驾驶头部企业，德赛西威(002920)8月11日晚间披露半年报，今年上半年公司净利润同比增长近46%，增速反超营业收入，客户回款增 加，境外收入增速高于境内收入，整体经营活动现金流净额同比增长1.66倍。 具体来看，上半年公司实现营业收入146.44亿元，同比增长25.25%；归属于上市公司股东的净利润12.23亿元，同比增长45.82%。另外，由于销售 规模扩大，客户回款增加，公司经营活动产生的现金流量净额同比增加1.66倍，达到16亿元。 2025年5月，公司在印尼地区开始贡献产能，强化了在东南亚地区的供应链与交付能力；2025年6月，墨西哥蒙特雷工厂首个量产项目落地，为美 洲市场提供了更高效的本地化服务保障；西班牙智能工厂预计将于2026年开始量产，为欧洲地区提供智能座舱、辅助驾驶领域的系列前沿智能化 产品。同时，公司引入培育符合全球化布局要求的区域本土优质供应商，构建多元化、本地化的供应保障网络。 相关ETF 消费电子ETF (产品代码：159732) ★ 跟踪：国证消费电子主题指数 2025年汽车行业开始"反 ...