Dahua Technology releases its 2020 annual report
James Thorpe
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Dahua Technology has released its 2020 annual report. The report shows the company’s steady growth in the past year, as well as a sustainable development that committed to its value proposition of “innovation, quality and service”.
During the year of 2020, Dahua Technology achieved operating revenue of RMB 26.466 billion (US$4.06 billion), representing a year-on-year increase of 1.21%; net profit attributable to shareholders of the listed company amounted to RMB 3.903 billion (US$599 million), growing 22.42% year on year.
In 2020, the COVID-19 pandemic has had a wide-ranging and profound impact on the development of the international community, the global economy (be it agricultural, industrial or digital) and the smart IoT industry. Dahua Technology, by expanding the in-depth application of the IoT technology in the city-level and enterprise-level markets, enables the digital transformation of cities, enterprises and homes with one-stop smart IoT services and solutions.
Precise investment in R&D
Focused on AI, cloud storage, big data platforms and IoT technology, Dahua Technology’s R&D investment in 2020 reached RMB 2.998 billion (US$460 million) with a year-on-year increase of 7.28%, accounting for 11.33% of operating revenue. The company’s cumulative R&D investment has reached RMB14.117 billion (US$2.17 billion) since its listing.
World-class service and quality
Having products and solutions applied in 180 countries around the world, Dahua Technology operates a global marketing and service network to provide customers with efficient and end-to-end services. The company has established 57 subsidiaries and representative offices and more than 100 after-sales service stations in the world, while nearly 100 image stores and over 3,000 element stores have been set up in 2020. Besides, overseas R&D divisions have started operations in both Europe and Americas for localised development of software platforms, which will significantly improve the customer response speed.
To guarantee its supply capabilities at all times, Dahua Technology strives to build a comprehensive supply chain for the overseas market. With three regional supply centres and a large-scale overseas warehousing network, Dahua Technology has enhanced its overseas supply system, providing efficient management and accurate forecasting of the whole process.
