Desay SV 1H 2022 Revenue Up 56.93% YoY


Beijing (Gasgoo) – Leading Chinese automotive electronics supplier Desay SV reported significant growth in revenue and profit in the first half of 2022, the company announced on August 18.

Photo credit: Desay SV

For the first six months of 2022, the company’s revenue was 6.407 billion yuan ($941 million), up 56.93% year-on-year. Despite the challenges of the coronavirus, chip supply shortages and rising raw material prices, Desay SV’s net profit attributable to shareholders was 521 million yuan ($76.5 million), up 40.96% year-on-year. .

Desay SV attributes these high numbers to the continued growth of business operations related to intelligent driving and the smart cockpit. In the reporting period, the smart cab, intelligent driving and vehicle communication services sectors generated revenue of 5.244 billion yuan ($770 million), 863 million yuan ($127 million) and 300 million yuan ($44 million), respectively, an increase of 57.11. %, 51.17 % and 72.47 % per year.

Moreover, the gross profit of the intelligent management business reached 23.16% in January-June. period.

Desay SV 1H 2022 Revenue Up 56.93% YoY

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