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Dahua Technology Reported 2018H1 Preliminary Financial Data: Revenue reaches RMB 9.814 billion, YOY increase of 31.47%

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Hangzhou, China /July 31, 2018 Zhejiang Dahua Technology Co., Ltd. (Shenzhen Stock Exchange: 002236) (“Dahua Technology”), a leading solution provider in the global video surveillance industry, announced its unaudited preliminary financial data for the first half of 2018.

During the first half of 2018, Dahua Technology achieved a total operating revenue of RMB 9,814,041,352.48 (USD: 1.44 billion), 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.


Key Accounting Data and Financial Indicators for the First-half Year of 2018

(in RMB, except per share data, unaudited)

Item Name

The current reporting period

The corresponding period of last year

Increase / Decrease

Total Operating Revenue

9,814,041,352.48

7,464,664,934.38

31.47%

Operating Profit

1,251,445,994.06

1,117,449,669.15

11.99%

Total Profit

1,254,485,405.80

1,133,184,395.10

10.70%

Net profits attributable to shareholders of the Company

1,081,916,886.52

983,001,211.23

10.06%

Basic earnings per share (RMB)

0.37

0.34

8.82%

Weighted average ROE

9.91%

11.29%

-1.38%

At the end of the current reporting period

At the beginning of the current reporting period

Increase /Decrease

Total assets

22,227,058,009.68

21,333,478,563.97

4.19%

Owner's equity attributable to shareholders of the Company

10,976,288,947.34

10,466,434,375.19

4.87%

Share Capital

2,898,756,130.00

2,898,756,130.00

0.00%

Net asset per share attributable to shareholders of the Company

3.79

3.61

4.99%

Note:The above figures are at consolidated level of the Company.


Information about Operating Results and Financial Position

The main driving factors behind company’s lasting growth are generated from the investment in the 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 asset increased by 4.19% and net asset 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 the profit.

During the reporting period, the Company net asset value per share increased by 4.99%, mainly due to the increase in net profit attributable to shareholders of company.


A more detailed report will be released soon.



*The USD number of total operating revenue, operating profit, net profits attributable to shareholders of the Company in this news use the exchange rate on July 31th, 2018 (6.8165) and are only for reference.


About Dahua Technology

Zhejiang Dahua Technology Co., Ltd. is a leading solution provider in the global video surveillance industry. In 2017, Dahua was ranked 3rd in Security 50 by a&s international. Dahua is committed to providing the highest quality solutions and products with the latest technologies to enable our end users to perform their business successfully. The company has more than 6,000 R&D engineers and technical staff working on cutting-edge technologies in camera lens, image sensor, video encoding & transmission, embedded processor, graphic processing, video analytics, software reliability, network security and other technologies.

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