Desay SV(SZ:002920)2023-10-26 10:21Group 1: Financial Performance - The company achieved a revenue of 14.47 billion CNY in the first three quarters of 2023, representing a year-on-year growth of 43.12% [27] - The net profit attributable to shareholders for the same period was 960 million CNY, reflecting a year-on-year increase of 38.70% [27] - R&D expenses for the first three quarters of 2023 amounted to 1.379 billion CNY, which is a year-on-year increase of 25.95%, accounting for 9.53% of sales, a decrease of 1.30% year-on-year [29] Group 2: Product Development and Market Expansion - The company’s smart driving products and new smart cockpit products have maintained rapid growth, which is a major driver for revenue increase [27] - The high-performance smart driving domain controller IPU04 has been mass-produced in models from several clients, including Li Auto and Lotus [27] - The company is actively advancing its international strategy, optimizing management and service systems, and enhancing international talent training [27] Group 3: Future Outlook and Innovations - The company plans to launch more differentiated cockpit domain control solutions and has secured multiple project orders for its third-generation smart cockpit domain controller [29] - The lightweight smart driving domain controller IPU02 has been introduced to cater to the mid to high price range of domestic vehicles, with several projects already in the pipeline for mass production [27]