China's leading video surveillance provider Dahua Technology today released its annual reports for 2017. The company shows an improved year-on-year profitability.
The net profits attributable to the shareholders of the company amounted to 2.378 billion yuan in 2017, up by 30.33 percent. The total operating revenue rose by 41.38 percent to 18.844 billion yuan when compared with the previous year.
The earnings per share (EPS) was 0.82 yuan per share, up by 30.16 percent.
Dahua's video surveillance products including network cameras, NVRs, and HD over coax, can be applied in banking & finance, government, industrial, retail, sports & leisure, transportation, and energy sectors.
The improved financial performance, according to the company, was due to the shift of its business model, from selling a single product to providing a one-stop solution and building up smart city operating systems.
The company gained popularity and saw an increased market share abroad recently with its efforts in developing sales and customer service networks overseas. As of the end of 2017, Dahua had set up 42 overseas affiliates and 24 service stations in total.
Dahua's application in the AI, Big data, and Cloud computing technologies also contributed to its higher-than-the average growth rate.
The company had invested 1.789 billion yuan in R&D last year, accounting for 9.49 percent of its total operating revenue, up 25.55 percent when compared with the previous year.
The exploration of smart fire-fighting, drones, and robots have been the impetus for the company's growth.
The net profits attributable to the shareholders of the company amounted to 2.378 billion yuan in 2017, up by 30.33 percent. The total operating revenue rose by 41.38 percent to 18.844 billion yuan when compared with the previous year.
The earnings per share (EPS) was 0.82 yuan per share, up by 30.16 percent.
Dahua's video surveillance products including network cameras, NVRs, and HD over coax, can be applied in banking & finance, government, industrial, retail, sports & leisure, transportation, and energy sectors.
The improved financial performance, according to the company, was due to the shift of its business model, from selling a single product to providing a one-stop solution and building up smart city operating systems.
The company gained popularity and saw an increased market share abroad recently with its efforts in developing sales and customer service networks overseas. As of the end of 2017, Dahua had set up 42 overseas affiliates and 24 service stations in total.
Dahua's application in the AI, Big data, and Cloud computing technologies also contributed to its higher-than-the average growth rate.
The company had invested 1.789 billion yuan in R&D last year, accounting for 9.49 percent of its total operating revenue, up 25.55 percent when compared with the previous year.
The exploration of smart fire-fighting, drones, and robots have been the impetus for the company's growth.
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