Zhejiang Dahua Technology Co., Ltd. , a leading solution provider in the global video surveillance industry, released its unaudited preliminary earnings estimate for 2017.
In 2017, Dahua achieved a gross revenue of CNY 18,852,104,991.81(USD 2.89 billion)，representing a year-on-year increase of 41.44%. Total profits reached CNY 2,633,776,603.92 (USD 403.08 million), a year-on-year growth 30.88%. Net profit attributable to shareholders of listed companies reached CNY 2,378,228,515.67 (USD 363.97 million), growing 30.30% year on year.
During the reporting period, Dahua made corresponding accounting treatment on matters in relation to repurchase and write-off of certain restricted stocks. The total share capital of Dahua had been changed from 2,899,411,405 shares to 2,898,756,130 shares.
The increase resulted mainly from the following factors: the market sentiment continued to rise; the company expanded the market and met new demands with enhanced comprehensive solutions and services; the company strengthened internal control to achieve steady growth in sales and simultaneous growth of net profits. During the reporting period, the total company assets increased by 40.05% and the net assets increased by 27.09%, mainly due to the increase in the scale of operations and rising profits.
