Desay Sv reports Q3 growth, plans capital initiatives

Huizhou Desay Sv Automotive (SZSE:002920) announced a 5.63% increase in Q3 2025 revenue to CNY 7,692,325,128.43, with year-to-date revenue reaching CNY 22,336,551,337.32, up 17.72% from the prior year. Net profit attributable to shareholders for Q3 grew to CNY 565,156,151.96. The company also reported a 26.81% increase in total assets to CNY 27,242,299,948.98 by the end of the quarter.

The company plans to implement a diversified employee stock ownership plan for its innovative business subsidiaries, aiming to motivate core management and key employees. Additionally, Huizhou Desay Sv Automotive intends to utilize up to CNY 3,500,000,000.00 of idle raised capital for cash management, investing in highly secure and liquid products to enhance returns.

Furthermore, the company will use CNY 774,828,100.00 from its raised capital to replace self-funded investments made into fundraising projects, including construction projects and R&D initiatives, within six months of the capital's arrival. These financial and strategic moves are aimed at optimizing capital efficiency and strengthening the company's long-term development.