Editor / Chaodian Smart Car

 

Under the pressure of the new crown epidemic impact, chip shortage and raw material price increase, the automotive electronics leader Dexiawei still achieved high growth, which also shows the strong explosive power of the smart car industry.

 

On August 18, the automotive electronics leader Dexia Westwood released its 2022 interim report. The company achieved revenue of 6.407 billion yuan in the first half of the year, up 56.93% year-on-year; achieved net profit of 521 million yuan, up 40.96% year-on-year.

 

 

Sun Yanbiao of Tide Electric think tank believes that Desai Xiwei is currently in the development stage of the overall explosion of the automotive intelligence industry, whether it is automatic driving or intelligent cockpit business, the future growth space is very promising; secondly, as a Tier1 manufacturer, the company will benefit more from the domestic replacement dividend brought by new energy vehicles, business growth tougher.

 

Desaixiewei said that the company's operating income scale continued high growth is mainly due to intelligent driving products, intelligent cockpit products business scale, the rapid growth of single vehicle configuration value, as well as new customers, new projects after the landing of the rapid climb of sales.

 

During the reporting period, the company's three main business revenue of intelligent cockpit, intelligent driving and networked services were 5.244 billion yuan, 863 million yuan and 300 million yuan, representing year-on-year growth of 57.11%, 51.17% and 72.47%. Among them, the intelligent cockpit gross margin was 21.57%, down 3.82% year-on-year; intelligent driving gross margin was 23.16%, up 4.11% year-on-year.

 

Information shows that Desai Xiwei is a leading enterprise in the domestic intelligent cockpit segment, and is also one of the few domestic Tier 1 automotive suppliers (Tier1) that can produce cockpit domain controllers. The company started to layout the intelligent driving field in 2016, and the sales of the company's intelligent driving business increased by nearly 100% year-on-year in 2021.

 

In the autonomous driving business, Dexiawei mainly focuses on IPU01-IPU04 four generations of autonomous driving domain controllers, sensors and ADAS products, while the company's autonomous driving domain controllers are currently the largest mass production scale in China and located at the industry leading level. At present, its IPU04 has accumulated more than 10 mainstream car companies project fixed point, and the first in the ideal L9, Xiaopeng G9 and other models of mass production.

 

Desaixwei said that the sales of ADAS products such as fully automatic parking and 360-degree HD surround view have continued to increase; for a larger market space, based on comprehensive technical advantages and integration of high and low speed scenarios of automatic driving assistance system will soon be mass production; advanced automatic driving domain controller products that can achieve higher-level functions have accumulated more than 10 mainstream car companies' project orders, and have entered the mass production scale climbing period.

 

However, it is worth noting that after the release of the company's semi-annual report, the share price of Desai Xiwei has plummeted, and the current market value is about 88.7 billion yuan. Previously the company's share price had hit a record high at the end of July, the market value also once reached 113 billion yuan, among the 100 billion market value club.