Dahua financials show a steady course through Covid
At the end of March, Dahua Technology released its 2020 annual report, showing the company’s steady growth in the past year, as well as a sustainable development committed to development and innovation.
During 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.
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, is enabling the digital transformation of cities, enterprises and homes with one-stop smart IoT services and solutions.
Focused on AI, cloud storage, big data platform and IoT technology, Dahua Technology’s R & D investment in 2020 reached USD 460 million with year-on-year increase of 7.28%, accounting for 11.33% of operating revenue.
Dahua Technology operates a global marketing and service network through 180 countries to provide customers with efficient and end-to-end services. The company has established 58 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. In addition, overseas R&D divisions have started operations in both Europe and the Americas for localised development of software platforms, which will significantly improve the customer needs, response and speed.