Hangzhou, China/ March 24, 2020 Dahua Technology, a world-leading video-centric smart IoT solution and service provider, 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 (USD 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 (USD 599 million), growing 22.42% year on year.
Key Accounting Data and Financial Indicators for Fiscal Year 2020:
| Item Name | 2020 | 2019 | YoY Change(%) | 2018 |
| Operating Revenue(RMB) | 26,465,968,181.10 | 26,149,430,652.42 | 1.21% | 23,665,688,106.22 |
| Net Profit Attributable to Shareholders of the Listed Company (RMB) | 3,902,778,775.35 | 3,188,144,692.55 | 22.42% | 2,529,426,468.61 |
| Net Profit Attributable to Shareholders of the Listed Company after Deducting Non-recurring Gains and Losses(RMB) | 2,735,061,861.04 | 3,016,953,888.25 | -9.34% | 2,495,121,029.76 |
| Net Cash Flow Generated by Operational Activities (RMB) | 4,401,533,068.39 | 1,600,604,287.70 | 174.99% | 955,315,978.17 |
| Basic Earnings per Share（RMB/Share） | 1.34 | 1.10 | 21.82% | 0.87 |
| Diluted Earnings per Share（RMB/Share） | 1.33 | 1.10 | 20.91% | 0.87 |
| Weighted Average ROE | 22.09% | 22.74% | -0.65% | 22.16% |
|
| End of 2020 | End of 2019 | YoY Change(%) | End of 2018 |
| Total Assets (RMB) | 36,595,034,080.75 | 29,564,650,212.93 | 23.78% | 26,350,599,778.15 |
| Net Assets Attributable to Shareholders of the Listed Company (RMB) | 19,773,030,426.40 | 15,643,007,027.91 | 26.40% | 12,618,758,918.48 |
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 To Build Core Technological Competitiveness
Focused on AI, cloud storage, big data platform and IoT technology, Dahua Technology’s R & D investment in 2020 reached RMB 2.998 billion (USD 460 million) with 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 (USD 2.17 billion) since its listing.
Deep Localization to Guarantee World-class Service and Quality
Having products and solutions applied in 180 countries and regions in 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 3000 element stores have been set up in 2020. Besides, overseas R&D divisions have started operation in both Europe and Americas for localized development of software platform, which will significantly improve the customer needs response speed.
To guarantee its supply capabilities at all time, Dahua Technology strives to build a comprehensive supply chain for the overseas market. With 3 regional supply centers and a large-scale overseas warehousing network, Dahua Technology optimizes the layout and the informatization of the overseas supply system, realizing an efficient management and accurate forecasting of the whole process.
Future Development Outlook
Looking into 2021 and years to come, Dahua Technology will continue to focus on its value proposition of “innovation, quality and service”, to realize its mission of “Enabling a safer society and smarter living” while maintaining a sustainable development.
*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 March 22nd, 2021 (6.5191) for reference purposes only.
