Zhejiang Dahua Technology Co. has released unaudited preliminary financial data for the first half of 2018 showing that during the first half year of 2018, the company has achieved a total operating revenue of RMB 9,814,041,352.48 (USD: 1.44 billion approximately), representing a year-on-year increase of 31.47%.
Operating profit amounted to RMB 1,251,445,994.06 (USD: 183.59 million), a year-on-year increase of 11.99%. Net profits attributable to shareholders of the Company reached RMB 1,081,916,886.52 (USD: 158.72 million), growing 10.06% year on year.
The company believes that the main driving factors behind its lasting growth are generated from the investment in technology innovation, deep understanding of industries, the global distribution client base, the capabilities to deliver video-based AI powered IoT solutions and the ability to grasp the market pulse and general trends of this industry.
During the reporting period, the Company’s total assets increased by 4.19% and net assets increased by 4.87% as compared to the beginning of the current reporting period, mainly due to the expansion of the business scale and the increase of profit. During the reporting period, the company’s net asset value per share increased by 4.99%, mainly due to the increase in net profit attributable to shareholders of the company.
