Desay SV(002920)2025-03-21 10:36Financial Performance - In 2024, the company achieved a revenue of 27.618 billion CNY, representing a year-on-year growth of 26.06%, with a compound annual growth rate (CAGR) of 42.38% from 2021 to 2024 [7] - The net profit attributable to shareholders reached 2.005 billion CNY, a year-on-year increase of 29.62%, with a CAGR of 34.01% from 2021 to 2024 [7] International Expansion - The company has established factories in Germany and Spain, expected to be completed by the end of 2025, to supply smart cockpit and intelligent driving products to European clients [7] - In 2024, overseas order annual sales exceeded 1 billion CNY, marking a year-on-year growth of 50% [7] Intelligent Driving Business - The intelligent driving business generated a profit of 2.005 billion CNY in 2024, with a year-on-year growth of 29.62% [7] - New project orders in the intelligent driving sector have an annual sales value exceeding 2.7 billion CNY, laying a solid foundation for future growth [7] - The company has secured new project orders from renowned international automakers such as TATA Motors, Volkswagen, Ford, Audi, Lexus, Suzuki, and Honda [7] Intelligent Cockpit Development - The fourth-generation intelligent cockpit platform achieved mass production in 2024, successfully supplying clients like Li Auto [9] - The fifth-generation intelligent cockpit platform, based on a new AI chip, is designed to meet diverse user needs across various devices [9] Competitive Advantages - The intelligent cockpit business generated a revenue of 18.230 billion CNY in 2024, with new project orders exceeding 16 billion CNY [11] - The company is focused on building a new human-machine interaction relationship to adapt to future intelligent travel scenarios [11]