Desay SV Officially Launches Hong Kong IPO to Accelerate Global Expansion in EV Tech and Robotics

[Capital Movement] Desay SV has officially launched its Hong Kong IPO, planning to list on the Main Board of the Hong Kong Stock Exchange.

Core Strategy: Pursuing a Global Platform Despite Strong Cash Position

Despite holding RMB 4.4 billion raised from an A-share private placement and nearly RMB 4 billion in wealth management products on its balance sheet, Desay SV submitted its H-share listing application on April 12, 2026, with Morgan Stanley and Huatai International serving as joint sponsors. The company explicitly stated that this move is not primarily for fundraising but to establish an international capital platform to support overseas expansion and incubate new businesses such as robotics and autonomous vehicles.

Key Metrics: Smart Cockpit Accounts for 60% of Revenue; New Business Orders Exceed RMB 33 Billion

In 2025, the company reported revenue of RMB 32.557 billion (+17.88%) and net profit attributable to shareholders of RMB 2.454 billion (+22.38%). Of this, smart cockpit revenue reached RMB 20.585 billion (63.23% of total revenue), while intelligent driving revenue amounted to RMB 9.7 billion (+32.63%). Combined annualized orders from these two segments exceeded RMB 33 billion.

Strategic Foundation: Evolving from Automotive Electronics Leader to AI-Powered New Frontiers

Beyond reinforcing its leadership in smart cockpits and intelligent driving, Desay SV has launched its low-speed autonomous vehicle brand "Chuanxing Zhiyuan" and unveiled the Robot Intelligence Base A, accelerating its entry into campus logistics, urban delivery, and general-purpose robotics to pursue a second growth curve.