Huizhou Desay SV Automotive (002920) Q2 2026 earnings summary

Executive summary

• Achieved revenue of ¥14.90 billion in H1 2026, up 1.75% year-over-year; net profit attributable to shareholders was ¥1.24 billion, up 1.81% year-over-year.

• Intelligent cockpit sales reached ¥9.76 billion (+3.14% YoY); intelligent driving revenue was ¥3.92 billion (-5.53% YoY).

• Overseas sales surged 55.71% YoY to ¥1.62 billion, now 10.85% of total revenue.

• New project orders annualized sales exceeded ¥22 billion, up over 20% YoY.

Financial highlights

• Gross margin was 19.08%, down 1.25 percentage points YoY.

• Operating cash flow was ¥1.06 billion, down 35.10% YoY due to increased raw material purchases.

• Basic and diluted EPS were both ¥2.10, down 4.98% YoY.

• Total assets at period end were ¥30.48 billion (+2.12% from year-end 2025); net assets attributable to shareholders were ¥16.07 billion (+4.24%).

• R&D investment was ¥1.19 billion, down 9.30% YoY.

Outlook and guidance

• Company expects continued growth in intelligent cockpit and driving, with accelerated global expansion and new product launches.

• Focus on AI, sustainable development, and global supply chain resilience.