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LeiDi Network Lei Jianping April 12
Huizhou Desay SV Automotive Electronics Co., Ltd. (referred to as &#34;Desay SV&#34;) recently submitted its prospectus and is preparing to list on the Hong Kong Stock Exchange.
Desay SV is already listed on the A-share market. As of Friday's close, Desay SV's stock price was 106.62 yuan, with a market capitalization of 63.6 billion yuan.
Desay SV will distribute a cash dividend of 12.50 yuan (tax included) for every 10 shares to all shareholders, with no bonus shares (tax included) and no capital reserve fund conversion to increase share capital. Based on the total share capital of 554,949,301 shares, the cash dividend distribution amounts to approximately 666 million yuan.
Annual Revenue of 32.6 Billion, Profit of 2.47 Billion
Founded in 1986, Desay SV is a mobile travel technology company that focuses deeply on the full-stack integration of three major areas: intelligent cockpits, intelligent driving, and connected services.
Desay SV develops highly integrated intelligent hardware and software algorithms to provide customers with comprehensive mobile travel solutions and services, meeting the diverse needs of automotive manufacturers for different product combinations and business models.
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In the field of intelligent vehicles, Desay SV has built a platform product and service system covering intelligent cockpits and intelligent driving, with products and services reaching over 80 vehicle manufacturers globally, touching major automotive markets.
As of the same date, Desay SV has business cooperation with nine of the top ten vehicle manufacturers by global sales and the top fifteen vehicle manufacturers by sales in China before 2025.
Desay SV will further extend its core technologies and platform capabilities validated in the intelligent vehicle industry to broader intelligent applications, including unmanned delivery vehicles and intelligent robots.
The prospectus shows that Desay SV's revenue for 2023, 2024, and 2025 is projected to be 21.9 billion, 27.618 billion, and 32.557 billion yuan, respectively; gross profit is projected to be 4.376 billion, 5.49 billion, and 6.2 billion yuan, respectively; and gross profit margins are projected to be 20%, 19.9%, and 19.1%, respectively.
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In 2025, Desay SV's revenue from intelligent cockpit products is expected to be 20.585 billion yuan, accounting for 63.2%; revenue from intelligent driving products is expected to be 9.7 billion yuan, accounting for 29.8%; and revenue from other sources is expected to be 2.272 billion yuan, accounting for 7%
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Desay SV's profits for 2023, 2024, and 2025 are projected to be 1.542 billion, 2.018 billion, and 2.473 billion respectively; profit margins are expected to be 7%, 7.3%, and 7.6%.
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As of December 31, 2025, Desay SV's cash and cash equivalents are expected to be 1.416 billion.
Major Shareholder Cashes Out 700 Million
The chairman and executive director of Desay SV is Gao Dapeng, with non-executive directors including Jiang Jie, Li Bingbing, Luo Xiang, and Yin Yiqiang; the executive director is Ling Jianhui, and independent non-executive directors include Ms. Li Wei, Dr. Xiong Mingliang, and Dr. Xu Huanru.
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As of December 31, 2025, Guangdong Desay Group Co., Ltd. holds 26.32%, Huizhou Innovation Investment Co., Ltd. holds 20.16%, Xinyu City Weili De Investment Consulting Partnership (Limited Partnership) holds 3.21%, Xinyu City Weili Jie Investment Consulting Partnership (Limited Partnership) holds 2.54%, and Xinyu City Henghui Wei Management Consulting Co., Ltd. holds 1.62%;
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As of December 31, 2025, the equity structure of Desay SV
Xinyu City Weili Chang Investment Consulting Partnership (Limited Partnership) holds 1.5%, Hong Kong Central Clearing Limited holds 1.47%, Shenzhen Shenhua Investment Group Co., Ltd. holds 1.34%, Xinyu City Weili Sheng Investment Consulting Partnership (Limited Partnership) holds 1.2%, and Ping An Bank Co., Ltd. - Dongwu Mobile Internet Flexible Allocation Mixed Securities Investment Fund holds 1.01%.
As of the last actual feasible date, Desay SV is approximately 25.33% owned by Desay Group and 0.03% directly owned by Jiang Jie; Desay Group is wholly owned by Deheng Industrial.
Deheng Industrial is held by (including) Deheng Qin, Deheng Cheng, Deheng Xue, Deheng Yong, and Deheng He with approximately 65.09%, 14.74%, 7.84%, 5.22%, and 2.00% respectively. The general partners of Deheng Qin, Deheng Cheng, Deheng Xue, Deheng Yong, and Deheng He are Deheng Hui, which is held by Jiang Jie with 54.10%
Jiang Jie is a limited partner of Deheng Qun, holding approximately 32.33% of the partnership equity.
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Desay Group conducted a reduction in holdings from January 30, 2026, to April 2, 2026, reducing 5.905 million shares at an average reduction price of 118.78 yuan, cashing out 700 million yuan.
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Leidi was founded by media person Lei Jianping. Please indicate the source if reprinted

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Desay SV Automotive Electronics Co., Ltd. (Desay SV) has submitted its prospectus and is preparing to list on the Hong Kong Stock Exchange. The company has an annual revenue of 32.6 billion, a profit of 2.5 billion, and a market value of 63.6 billion. Desay SV focuses on smart cockpits, intelligent driving, and connected services, with products covering more than 80 vehicle manufacturers worldwide. Revenue is expected to be 21.9 billion, 27.618 billion, and 32.557 billion from 2023 to 2025, with a declining gross profit margin year by year. The controlling shareholder recently cashed out 700 million

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Desay SV

Desay SV rushes to the Hong Kong stock market: annual revenue of 32.6 billion, profit of 2.5 billion, controlling shareholder just cashed out 700 million