Dahua Technology has just released its 2017 annual report, which reports substantial growth in the past year as well as a promising outlook. According to this report, Dahua’s revenues reached RMB 18.84 billion in 2017, indicating a year-on-year growth of 41.38%. Meanwhile, the net profit attributable to shareholders of the company amounted to RMB 2.37 billion, indicating a year-on-year growth of 30.33%.
Dahua’s continuous strong growth results from the following core competencies:
• Continuous High Investment in Core Technologies &Strong Innovative Capability
In 2017, Dahua invested RMB 1.789 billion (accounting for a YOY increase of 25.55% and 9.49% of this year’s total revenue) in R&D, which allowed the company to keep the leading position in core new technologies such as AI, big data, cloud computing and chipsets. (It’s worth mentioning that in 2017, Dahua ranked NO.1 for three times in ICDAR competition and one time in KITTI competition.) Dahua’s strong innovative capability to develop and commercialize these cutting edge technologies, while leading and reshaping the industry, also creates new opportunities for growth of the company with various new applications and solutions.
• Comprehensive Solutions Based on Deep Insight into Customers’ Needs
Driven by diversified needs of customers, Dahua has transformed itself into a provider of comprehensive solutions now widely applied in smart cities, public transportation, intelligent buildings, finance, energy, manufacturing, education, communication, etc., as well as SMB owners and individual consumers. Compared to selling products alone, providing solutions brings higher gross margin and higher loyalty to the company, which in turn gains deeper insight from big data and develop accordingly new service modes supported by advanced technologies.
• Global Sales System & Burgeoning Overseas Market
2017 overseas revenue reached RMB 6,807,205,320.54 (accounting for 36.12% of total revenue and an increase of 34.64% year-on-year). By the end of 2017, Dahua products and solutions have been serving customers in more than 180 countries and territories and Dahua has set up 42 subsidiaries and representative offices. Nearly 2,000 employees now work overseas for Dahua’s technical and sales teams, directly meeting the needs of high and middle end local markets. With international sales and management teams maturing and localized sales and service centers being established, Dahua expects to gain larger share of overseas market.
• Efficient Cross Culture Management System Based On Fighter Spirit
On the path to globalization, Dahua has developed an efficient cross culture management system which fully respects different customs and practices of different countries and peoples and formed competent localized teams on the basis of mutual respect. Dahua management always embraces a spirit to take on challenging tasks and put in place a clear incentive mechanism to encourage employees to bring values to customers.
Outlook
Dahua’s many security products and solutions powered by big data, AI and IoT, such as smart city, intelligent building, machine vision, industrial drones and newly launched Lechange products, will bring new business opportunities to the company as well as greater benefits to customers. To enhance supply chain productivity and product quality to support the global sales and application, Dahua Smart (IoT) Industrial Park has put to use in Fuyang District of Hangzhou in June 2017.
