Desay SV Reports Strong Financial Performance in H1 2024
Desay SV, a leading provider of intelligent cockpit, smart driving, and intelligent connectivity services, has recently announced its financial results for the first half of 2024 (H1 2024), showcasing impressive growth. The company reported a revenue of 11.692 billion yuan, marking a significant 34.02% increase compared to the same period last year. Additionally, Desay SV recorded a net profit of 838 million yuan, representing a 38.11% year-on-year growth.
Intelligent Cockpit Segment Drives Revenue Growth
Desay SV’s core business segments performed well during H1 2024, with the intelligent cockpit sector leading the way. The company generated 7.965 billion yuan in revenue from intelligent cockpits, a substantial 27.43% increase year on year. The smart driving business also saw impressive growth, with revenue reaching 2.667 billion yuan, up 45.05% from the previous year. Furthermore, revenues from intelligent connectivity services and other businesses totaled 1.06 billion yuan, marking a significant 66.9% year-on-year increase. The intelligent cockpit segment remained the primary revenue driver for Desay SV, contributing 68.12% of the total earnings in H1.
Expansion into International Markets
In addition to its strong performance in the domestic market, Desay SV has been actively expanding its presence in international markets. The company’s infotainment, display systems, and LCD instruments have secured new projects in Europe, Japan, and Southeast Asia. In the first half of 2024, Desay SV’s overseas business sales reached 759 million yuan, a 12.27% increase from the same period last year.
Mass Production of Third-Generation Intelligent Cockpit Controllers
During H1 2024, Desay SV’s third-generation intelligent cockpit domain controllers entered mass production and were deployed in vehicles from brands such as Li Auto, Chery, and GAC Motor. The company also secured new project orders from leading automakers like Chery, Geely, and GAC Toyota. The fourth-generation controllers have also entered mass production for Li Auto and have received multiple new project orders. Additionally, Desay SV’s differentiated cockpit solutions have gained traction, leading to more project wins.
Overall, Desay SV’s strong financial performance in the first half of 2024 reflects its continued focus on innovation, product development, and market expansion. With a solid foundation in intelligent cockpit technology and a growing presence in international markets, the company is well-positioned for future growth and success.
