According to the latest September 2017 issue of Forbes Asia, Dahua Technology, a leading solution provider in the global video surveillance industry has been listed in the top 50 of Forbes Asia of 2017. The Forbes 13th annual Fab 50 list of the best big publicly traded companies honours corporate stars throughout the Asia-Pacific region. This year, China is grabbing most of the spotlight, with 29 of the 50 companies headquartered on the mainland, represented by the two most valuable companies on the list: Alibaba and Tencent Holdings. Dahua is one of eleven Chinese newcomers to the Fab 50, reflecting the country’s deep pool of entrepreneurial talent.
It is a gigantic competition among 1694 publicly traded companies that have at least US$1.8 billion in annual revenue. The companies that are losing money or whose revenue is less than it was five years ago are knocked off the list, together with those that are carrying a high debt ratio, and those that have more than 50% state or listed parent ownership.
According to Dahua’s 2016 Financial Report, the company has accomplished a yearly gross revenue of US$1.93 Billion, representing a YOY growth of 32.26%. Since its IPO in the Shenzhen Stock Exchange in 2008, Dahua has attained continuous growth throughout the years. Its 2017 H1 Financial Report shows that it has achieved a YOY growth of 50.81% in terms of gross revenue in the reporting period. “There are 3 main reasons why Dahua made it into the 2017 Forbes Asia’s Fab 50: Innovation Technology, Reliable Quality, and End-to-end Service.” according to Dahua.
The final results were tallied after Forbes ran a battery of more than a dozen financial measures among the remaining contenders. The goal is to highlight entrepreneurial outfits, not those living off of government connections, thus to produce a stellar lineup of high-performing blue chips – the region’s best of the best.
