Desay SV(SZ:002920)2025-07-11 08:24Group 1: Company Overview - Desay SV Automotive Co., Ltd. is focused on expanding its capabilities in R&D innovation, customer service, and safety verification to meet diverse customer needs [2] - The company is actively involved in the development of intelligent driving technologies, which are expected to accelerate commercialization and drive business growth [2] Group 2: Overseas Capacity Expansion - The company has established production operations in Germany, with the Spanish factory under construction, expected to be completed by the end of 2025 and start supplying products in 2026 [4] - The German and Spanish factories primarily serve European clients such as Volkswagen and Volvo [4] - In Southeast Asia, the company is building localized manufacturing and service capabilities, with a factory in Mexico to serve North and South American clients [4] Group 3: Order Status - In 2022, the company secured new project orders with an annual sales revenue exceeding 20 billion CNY [4] - In 2023, the annual sales revenue from new project orders is expected to exceed 24.5 billion CNY [4] - For 2024, the projected annual sales revenue from new project orders is over 27 billion CNY, with overseas new project orders exceeding 5 billion CNY, representing a year-on-year growth of over 120% [4]