Dahua Technology releases annual report for 2019
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Dahua Technology, a video-centric smart IoT solution and service provider, released its 2019 annual report, showing the company’s steady growth in the past year with improvement in the overall operating quality, as well as its development prospects for the future.
During the year of 2019, Dahua Technology achieved operating revenue of RMB 26.149 billion (US$3.73 billion), representing a year-on-year increase of 10.50%; net profit attributable to shareholders of the listed company amounted to RMB 3.188 billion (US$455 million), growing 26.04% year on year.
Key accounting data and financial indicators for fiscal year 2019:
|Item Name||2019||2018||YoY Change(%)||2017|
|Net Profit Attributable to Shareholders of the Listed Company (RMB)||3,188,144,692.55||2,529,426,468.61||26.04%||2,378,726,820.22|
|Net Profit Attributable to Shareholders of the Listed Company after Deducting Non-recurring Gains and Losses(RMB)||3,016,953,888.25||2,495,121,029.76||20.91%||2,340,407,357.44|
|Net Cash Flow Generated by Operational Activities (RMB)||1,600,604,287.70||955,315,978.17||67.55%||914,231,360.01|
|Basic Earnings per Share（RMB/Share）||1.10||0.87||26.44%||0.82|
|Diluted Earnings per Share（RMB/Share）||1.10||0.87||26.44%||0.82|
|Weighted Average ROE||22.74%||22.16%||0.58%||25.47%|
|End of 2019||End of 2018||YoY Change(%)||End of 2017|
|Total Assets (RMB)||29,564,650,212.93||26,350,599,778.15||12.20%||21,333,478,563.97|
|Net Assets Attributable to Shareholders of the Listed Company (RMB)||15,643,007,027.91||12,618,758,918.48||23.97%||10,466,434,375.19|
Facing complex domestic and international environments and challenges in 2019, Dahua Technology has firmly adhered to its key technological innovation, continuously improved its video-centric smart IoT solution capabilities and actively grasped the development trend in the market and industry. At the same time, the company further strengthened its fine management, continued to optimise business structure and promoted the steady growth of the company’s performance.
Precise investment in R&D
Focused on AI, cloud computing & big data and software platforms, Dahua Technology’s R&D investment in 2019 reached RMB 2.794 billion (US$399 million) with year-on-year increase of 22.35%, accounting for 10.69% of operating revenue. The company’s cumulative R&D investment has reached RMB11.119 billion (US$1.59 billion) since its listing. Dahua Technology has a global marketing and service network, which can provide customers with efficient and fast end-to-end services, prompting the development of its overseas business. At the same time, Dahua Technology continuously increases its intelligent manufacturing and safe supply capabilities and has established an efficient system for the global market. In addition, strengthening the construction of the talent team has also contributed to the company’s sustainable development.
Future development outlook
To meet people’s aspirations and needs for a better life under the rapid development of new technologies, Dahua Technology will unswervingly increase its investment in technological innovations in order to bring a safe and smart digital experience to cities, enterprises and individuals worldwide. In the future, Dahua Technology will focus on the innovation of vertical industry application and will utilise its video-centric IoT system architecture to accelerate its upgrade into platform-based business and build an ecosystem to provide customers with all-win success through open cooperation.
*The USD value of operating revenue, net profit attributable to shareholders of the listed company and R&D investment of the company in this news is based on the exchange rate on 31 March, 2020 (7.0066) for reference purposes only.