Dahua Technology reported 2018H1 preliminary financial data

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 (US$1.44 billion), representing a year-on-year increase of 31.47 percent. Operating profit amounted to RMB 1,251,445,994.06 ($183.59 million), a year-on-year increase of 11.99 percent. Net profits attributable to shareholders of the Company reached RMB 1,081,916,886.52 ($158.72 million), growing 10.06 percent year on year.

Key accounting data and financial indicators for the first-half year of 2018

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 percent and net asset increased by 4.87 percent 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 percent, 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.