Dahua CEO Is Out
Dahua CEO Li Ke has resigned less than 3 years after he was brought in from Huawei to professionalize management.
Inside this note, we examine what happened, Dahua's most recent financials and the future for Dahua.
Li ** ***
*** **** **** ** ****** ******** ********** ********** ******:
*** [*****] ***** ** ********* [...] recentlyreceived * ******* *********** ****** submitted by the company's director and president, Mr. Li Ke. Mr. Li Ke applied for resignation of the company's directorship due ** ******** *******. He also resigned as the president of the company, a member of the board's remuneration and assessment committee, and a member of the board's strategy committee. After resigning, Mr. Li ** **** ** ****** **** *** ******** ** *** *******.
****** ***** "******** *******," *** ************ gave ** ******* *********** *** *** resignation. ** *** **** ** ** perfunctory ****** *** *** "*********":
****** *** ******, **. ** ** performed *** ****** **** **** *** diligence, *** ****** * ******** **** in ************* *** *******'* ********** *** [promoting] ******* ***********.
Founder ** **** **
*** ************ ****** **** ***** ******* Fu ****** *** *** ********* *** following ****** ** *** ***** ** directors, ****** ** ******* *******.
Dahua ******* ***** ******
*** **** ***, ************** * ********* *** **** ****** ******, ******* a **% ******** ** ***** ** $3.7 ******* *** * **% ******** in ****** ** $*** *******. ***** solid, ***** ******* ** ******** **** Dahua ***** ****** ********* ** ****, as** ***** * **** ***:
** ********, *****'* **% ****** ****** figure *** **** *** ***** ******* compared ** *** **** ***** *****:
- ****: **.*%
- ****: **.*%
- ****: **.*%
- ****: **.*%
Latest ******* *****
********* **** *****/****** ***** * ************ bad *******. *******, ***** *** ***** sales ****** ** ** ** ****, up ****** **% **** * **** earlier, *** **** ******* ****** ** well:
*******, ** ** *** **** *** or **** ** ******* ****** ****** so ****.
Reason *** *******
*** ****** *** *** ****** ********* of ** ** ** *******. ** have ******* *** ** ***** *** comment *** ******** ** ***** ** far. * *** ******** ******* *******:
- ** **'* ********* ** ******* ** staunch *****'* ******* ****** ***** ******.
- ******* *****: ** ** ** * former ****** *********, * **** ***** for *** ********** "**** *******" ********* *****. ******** ** ****** people *** **** ****** ******* ********.
- *** ************* *********** ** ********* ******** like *** "***** ** ****" ******* ** *****'* ******* $**** safe **** ** ********, ***** ** still ** **** (********* ** *****'*** **** ******)*** ** * ************** *********
- ***** *******, **** ** ** ******** power ********, ** ********* *********** **** Huawei *** *****'* ** ************ ********.
Li **: *****'* **** * ***'* ********
**** ************* *** **** ***** ****** ********, Li ** *** ***** *** ** resigned, ** ***** ** ********* ***********:
*****'* *********** **** *'* *** ** a ******** ** ********. *** *** time *****, *'* **** ** **** a ***** *****.
Li ** ******** ** ***** ** ************ **********
*** ******, *********** *********** **** *** inspire ********** ** ** ** *** brought ** ** **** ** * bid ** *************** *****. ** ** was *** * ***** ******* *** the ********* ** ***** ******* *** PRC ******* ***** ******, ***** ** worked *** **** ** *****.
**** ***** ** ******** ** **, an ************ *** *** *** **** more **** * ****** ********, ********* to ***** ******** **'** ****** **** prior (*.*. - ** ******* ******- **'* **** **** ******** * ***** ******** *** *** former ***.)
Dahua ********** *****, ** ****** ****
***** ********* ***** ******* *** **********, including:
- ***** ********** ***** ****** *********, ***** *** ***** ****** **** acquiring **** ** ****** **********
- *** ** ************** ***, ***** ***** **** ** ***** users***** *************** ***** ******** **** *** ** government
- ************** ******,***** *** ************ ****** **** *** PRC ******* *** ****** ****** ******** ************** *** ***** ************ *************
*** ** ****** ******* ** ******* spread ****, ***** *** *********** ** co-founder *******'* ******** *** **** *******.
**********
***** *** ***** *********, ** **** certainly ** * ******** *** ** to ***** ***** **** ** *** years ** ********** ******, ** ******** in *** ***** *****.
Vote / ****
* ***** ******** **** ****** * knew * ***** ** ** *** minority.
***** ** * ***** ******* **** an *********** ************* *** ***** ****. Slowing ***** **** *** *********** **** the ******* ** ****** ******, ****** all ********* *** ***** **** ** they (*** *** ******** ***** **) mature.
***** *** ********* ** *** ** that ******** *** ** ** **** of ***** ***** ***** **** **** do *** **** *** ** ********** in ***** ******** ***** *** ********* of ******* **** ** ****** ******** on ********* **********. ** ***** ** may ** * ********* ************* *** Dahua *** ** ** **** ** buy ** ****** ********** **** **** companies ** **** **** ******* **. I ***** ** **** *** **** do **** ****** ** *****: ************* relationships *** ********* ********** *** ** the **.
** *** **** ***** * **** there *** **** **** ***********, * have ************* **** *** ** **** and **** *** ** **** **** of *** **** *** **** - and **** *** ******* ****** ** government *** ******* ****. *** ***** three *** *** **** ** **** much **** * **** **** ***** it, **** ** *** ****** ********** contracts *** ***** ********* ** *** care ****** *** **** *** ** pursue ***** **** *********.
** **** *** ******* ** **** it ** ** ** *** ******** stabilize ** (** ** ***** **) and ******** *** **********, ** **** as ** ** ***** ***** ** and ********* ***-** ****. ** ***, I ***** ***** ****** ** ********.
**** *****, ** ** ****, **** dealing **** ******* ***** ** ****** over *** **** * *****.
*** ********* **** * ***** *** that ***** ***** *** ******* ******* robustly (****** ******* ** ** ********* strong ***** ******** ****** ** *** 2010s), *** ******* ****** ************ *** was ******* ****** ***********. ** ******, when *** ****** ** ****** **** and ******* ** ******* ** ****, organizational ******** *** ******** *** ** handled.
*** *********, ***, *** **, ** that ***** ** *** ****** *****, the ****** *** ************* ****** *** the *********** ********** **** *********.
** **** *** **** ******** *** own **** **** **** ****, **** his**** ***** (**** ******* ***) ******** car *******. *******, ******* ***** ******* *** that *** *** ******* ** ********** and ******** ** (*.*.,** ****** ********** ***** *** ****-******* car***** *** ***** **** ** *** new ***'* ******, *** **** ******* car ******* **** *** *****).
*** ** ******* ** *****?
***, ** #*'* ******, ***, ****** all ********* ***** **** ** **** mature *** ***** *** ***** ****** 'matured'. ** ** *** *** ******* to ***** **** ********. ****'* *** risk **** ***** *** ***'* *** more ********* ******.
****, ** *** ********** **** ********, I ***** ** ******* ***** ******** Dahua's **********, **** ****** **** ***** HQ *** ***** ******** **** **** me **** *** *****.
**** ** * ******* *** **** (two **** ** *****, ***.) *** Dahua's ********** ********** *** *** ************ CEO ******* ** *********** **** **** a ******* *******.
* *** **, *** * **** at * ****** ******* **** ** the ** *** ** *** **** few ***** ** **** *** ******** executives **** *** ******* *** "******** reasons," * ** *** **** **** a ********** ****** *** *******.
********** ***** ***** ***** *** *** time *** ****** ***** *** * very ****** ******* (*.*. ****** ***'* recent *********) ** **** *** ****** up ** * ********* ******* **** frequently **** ** **** **** *********** - "*******" - ****** *** *******.
* **** ** * ****** ******* here ** *** ** *** ** the **** *** ***** ** **** had ******** ********** **** *** *******
**** ******* *** *********** ******** ******, so * ***’* ***** ****’* * good ********** ** ****. *’* *** going ** ******** **** *******, ** course, *** ***** *** ******* ** up * ***** **’* **** ** give **** *******.
**** *******, **’* **** **** *** a *** ** ***** **** ******* with ** *********** ** *****. ** my ********** ****’* ****** ****** * signal ** *********** ********.
**** ******, ******** * ***** ** a *** ** ** ************* ** say ** "******* *** *********** ******** issues." ** ********, ***, *** ****** company **** **.
*** ******** ** ** **** ****, Telsa *** *** ****** ******** ********* ********, ******** ***** ** probably *** * **** ******* ******* it ** ** *******. *** ** is *** **** ** *******, *** Tesla, *** *****...******* ******** ***'* ******* **** ** **** - ************ "*** ******** **** ******* in ***** ****** ** **** ****** China."
*'* *** ****** ** ***** ** for *****, ****** ***** * **** had ** **** ** ****. * just ***'* *** * *** ********* as * ***** ******** ****** - it ***** **, **************** ***, *** ** ***** **** be * ****** ** *** *******'* commitment ** ****** **** ** *****, and ********* **** ****.
*** ******** ** ** **** ****
*** ***** ** ******* *****'* **** Musk ** ***** ** ***** ** up, **** **** ****.
***** **** ** * ****** ** the *******'* ********** ** ****** **** is *****, *** ********* **** ****.
** ** ** *** **** *** wrong **** *****? *'* ** ********** in ******* **** *** *** ******** supporting ****.
***** *** * *** ***** **** Li ** **** **, *** ***** how ** ****** **** **** **** it ******? ** ****** *** * theory ** ****, ***** ** ****.
***** *** * *** ***** **** Li, *** ***** ******* ** ****** the ****** ******* ****** ** *** world. *** ************* *** ******** ********* of *** ******* **** * ***** deal ** ******** *** ******* ***** channel ********.
* ******* **** *** ****, ** china **********, ** *** *** *** management **** ** *** **** ***** be **********.
******* ** *** **** ** *** best *** ** *** * ******* dollar ************ ** *********. * ********** dont ***** **, *** * **** seen ** ****** ******.
*** **** ** *****, **'* ****** also ** ****** *** ** ***** industries. ***** *****, *** ******* *** CEO ** ****, ******* ** ****, only ** ****** *** ***** ** 2009.
***** **** **** *************************** *** ********* *********** *** **'* exit:
**** ****** ** ***** **** ***** Li *** ***** *** ******* ****** in *** **** * ***** *** have ** *** *** ***** *** Li's ****. ** ******* **** ** his ******* **** ****** **** ** was *** *** ** *****, *** kick *** *** *** ***** ****.
**** ***** ********** ** **, ****** the '*** *****' **** **** *** make **** *****. ** *****'* ******** revenue (********) *** ******* *** *******, Li **'* **** ** *** **** much:
截至本公告日，李柯先生持有公司股份*,***,***股，占公司总股本的*.**%。
** ** *** *.* ******* ****** at ~$*.* **** ** ~$*.* *******, which *** *** *** ** * multi-billion ****** ******* ** *** **********.
*** ****** ******** ** *** ** Ke *** *** **** *** ******* better? ** ** ** **'* *****? Is ** ******* ** ******* ***? I ***'* ****.
* ** **** **** ***** *** management ******** **** **** ******* ** Ke **. ******** ** ** *** implicitly ** *************** **** ** ** those ********, ** **** ***?
**** ****** ** ***** **** ***** Li *** ***** *** ******* ****** in *** **** * ***** *** have ** *** *** ***** *** Li's ****. ** ******* **** ** his ******* **** ****** **** ** was *** *** ** *****, *** kick *** *** *** ***** ****.
***% ******* **** *********. ** ** came **** *** ******* *** **** wanted ** ***** *** ****** ****** in *** *** ** **** ***** the ******** ********. ****** *** *** good ****** **** ***** *** **** of **** *** **** **** *** shit ***** *** ***** *** *** a *** ********* ****.
** *** ********* **** ** ** came ** ***** ** *** ****** knowledge **** ** ***** ********* **** all ******** *** *** ******* **** with ****** ****** **** ** **** had ** **** ***** *** ** sell ****. ** *** **** ****** knowledge **** ** ** ***** *** last *** **** **** ** *** gone **** *** ** *** ** Huawei ****** **** ** ***** ***** be **** ** ****.
**** ** *** ******* **** ** his ********* ***** ****.
@***** * **** *** ***** ***** on *** **** ***** ****** ***, now *** *** ***** *** ** feels. :) :) * **** *** can *** * *** **** ** Huawei
* **** *** *** *** ***** can ******* ***** ****** ** **** good ******. ***** *** ****** *** came ** **** ****** ** *** channels *** **** ***** * ****. In **** *********, **** **** **** appointed ***** ******* ******* *** *** running *** ** *** *** ********** as ********** ************ *** ***** **** better ******* **** ***** *** ************ who ******** **** ** ******** ** dollars ** *******.
* ***** ********* ****** **** *** different ******* ** **** ******** ** these ***** ** ************ ** **** blog ** **** *** ******** ********* can *** **** *** ***** **.
**** ****!
#*, **** ********, ** **** ** your ********** ** **. **'* *******, to *** ** **********, '**** ***** great *****'?
* **** *** * *** *** for *****, **** ******** ** * crucial ****** ** ***** ******. **** compared ** ***** **** ***** ********* they *** ****** ** ***** *** and *** ******* ***** ** ***** are ****** ********* ** ***** **** is ******.
*. **** ***** ** *** **** to **** *****. ** ** * company ** **** ****** ***. ********* is *** ** *** ***** ******* for ****** ******* ** ***** *** CCTV ******** ** ****** ****.
****** ******** ****?
***** ** ***** ******** ******** ******* Ex-Dahua ********
**** ***** *** ****** **** ****** do *** **** ** **** *****. The ***** *** *** ** ****** forever. * ** ********* ** **** see **** ** ****.
*. ******* ** * ****. **** some ** ***** ******* ************ *** moving ** ***** ****** ******* ** their *** ********** **** ***** ***. Hikvision *** * **** ****** ******* globally.
*. ********* - *** ***** ******** range *** * *********** ********* ******* other ********* **** ********* **** *** overtaken ****
*. ***** *** ****** ******* **** years *** ******* ***** ********* *** overtaken ****
*. ***** ***** ** ** ********* of ********** ***** *** ******** *** mainly ****** ** ******** ******* ** the *** ******. * ******* ******* of **** ** *** ***** ******* feature. **** ********* ****** ** ***** tell ********* *** ** *** ** because ** ** *** ****** *** that ***** ** * **** ****** it **** ***** *** ****** ***** upgraded.
** ****** ** ******** **** ********* go ****** ********* *** ***** ************ as ***** *** **** ******** ** is *** *** ************ *** ***** it *** ********. ** ******* ** the ******** ** **** ********* **** SOC. **** ** *** **** ** on *** ****. *** ****** ************ now **** ***** ** ******* *** data *** ** **** **** ******.
**** ******* ***** (** ******) **** 1.ai
*. ***** *** ***** **** *** to ******. ** ******** ** ** just ***** ** *** ***** *** to *** *** ******* ****** ****** people. ********* *** ****** ******* ****** than ********* ******. **** * **** at *** ***** ********* ** ******** and *** *** **** **** ******** education ** **********.
*. **** ***** ******* ******** **** lack **********. *** *** ***** ****** help ** ***** *** ******* **** up ***** **** **** *** *** ones **** ****** ******* **.
*** ********* *** ***** ******* ******* on ******** *** **** **** ** their ********. **** *** **** ***** you **** *** * ******** **** of ******** ********** ** *********.
**** ****** * ****!
***** ******* *** *** ****?
* *** ******* ******* ****** ** Israel ****** *** *** **** * years:
"*************" ** ** ************ ***********, ***** war, ***** ******* / ****** ********, price ****, *** ********** ***** **** for *** ***-************ ********. *** ********** damage *** ***** ** * **** in ***** ******, *** *** **** of ***** **** *** ********. ******** they ***** * ***** ****, *** instead ** ********** *** ******** (*** cost ** ****), **** **** ** try ** ******* **** **** *** ones.
************, *** ******* **** ** ****, quality ** ****, **'* ****-*********, *** well ******** ** *** ******* ******.
******: ** ** *** ******** * new *******, ************** ******* ***** ********** ***. *** ******* ** *** *** venture ****'* **** *****.********'*************'* ********* ***** *** **** *******, software ***********, ******** **** *******, ************* device ***********, *** *****, ***. *** overall ****, ********* ** ********, ** to **** *********** ********** *** ************** transformation. *** ******* *** ********** ** April ** **** ** ************* ******* of ** ******* **** (~$* ******* USD).
*** *** **** ****** **** **. common ** ***** ********* ******* , the ******* ***** **** ** *********** the ******** ** ******* *** ***** to **** *** ****** *****.
* *** ** ****** ** ***** a *** ********* ********* ***, **'* not ***** ********.