Desay SV(SZ:002920)2023-11-09 10:37Group 1: International Market Expansion - The company has been advancing its international strategy, optimizing management and service systems, and enhancing talent development for international operations [3] - The capacity of the second factory in Europe is gradually increasing, and the establishment of a 3D laboratory is progressing smoothly [3] - The newly acquired antenna testing and certification company ATC has been integrated into the company's operational system [3] Group 2: Smart Driving Domain Control Products - The high-performance smart driving domain controller IPU04 has been mass-produced in models from clients such as Li Auto and Lotus, leading to rapid revenue growth [3] - The lightweight smart driving domain controller IPU02 has been launched with new solutions targeting the mid to high price segments of the domestic car market, with multiple projects secured for mass production [3] Group 3: Intelligent Cockpit Business Progress - The third-generation intelligent cockpit domain controller has been mass-produced in models from clients like Li Auto and Geely, while the fourth-generation controller has received multiple project orders [3] - New differentiated cockpit domain control solutions, including AR HUD and electronic rearview mirrors, are being introduced [3] Group 4: R&D Investment - In the first nine months of 2023, the company's R&D expenses reached 1.379 billion yuan, a year-on-year increase of 25.95%, accounting for 9.53% of sales, a decrease of 1.30% year-on-year [3] - High-level R&D investment is essential for developing new businesses, maintaining technological leadership, and ensuring sustainable high-quality development [3] - Continuous reforms in the R&D system have led to improved efficiency, with further potential for efficiency gains anticipated as reforms deepen [3]