Dahua financials show over 25% growth
The initial unaudited preliminary financial data for 2018 for, Zhejiang Dahua Technology Co., Ltd, more commonly known as Dahua, show that the company achieved a total operating revenue of RMB 23,665,688,106.22 (USD: 3.45 billion approx), representing a year-on-year increase of 25.58%.
Operating Profit amounted to RMB 2,696,619,590.13 (USD: 0.39 billion), representing an increase of 2.44% as compared to the corresponding period of the previous year. Net profits attributable to shareholders of the Company amounted to RMB 2,531,526,444.05 (USD: 0.37 billion), growing 6.42% year on year.
During the reporting period, the company strengthened the precise investment in R&D, continuously improved its video-centric smart IoT solution capabilities, grasped the development trend of the market and industry, and realised the continuous growth of the company’s performance.
During the reporting period, the Company’ total asset increased by 23.52% and net asset increased by 20.58%, mainly due to the expansion of the business scale and the increase of the profit.