Dahua CEO Is Out

By: Charles Rollet, Published on Feb 28, 2020

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.

***** *** ** ** has ******** **** ***** ***** ***** ** was ******* ** **** Huawei** *************** **********.

****** **** ****, ** examine **** ********, *****'* most ****** ********** *** the ****** *** *****.

[***************]

Li ** ***

*** **** **** ** a***** ******** ********** ********** ******:

*** [*****] ***** ** directors [...] ********received * ******* *********** ****** 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 ** **** ** ****** **** *** ******** ** *** *******.

****** ***** "******** *******," the ************ **** ** further *********** *** *** resignation. ** *** **** Li ** *********** ****** for *** "*********":

****** *** ******, **. Li ** ********* *** duties **** **** *** diligence, *** ****** * positive **** ** ************* the *******'* ********** *** [promoting] ******* ***********.

Founder ** **** **

*** ************ ****** **** Dahua ******* ** ****** was *** ********* *** following ****** ** *** board ** *********, ****** no ******* *******.

Dahua ******* ***** ******

*** **** ***, ************** * ********* *** **** ****** Report, ******* * **% increase ** ***** ** $3.7 ******* *** * 25% ******** ** ****** to $*** *******. ***** solid, ***** ******* ** indicate **** ***** ***** growth ********* ** ****, as** ***** * **** ago:

****: **%
****: **.*%
****: **.*%
****: **.*%
****: **.*%
****: **.*%

** ********, *****'* **% profit ****** ****** *** 2019 *** ***** ******* compared ** *** **** years *****:

****: **.*%
****: **.*%
****: **.*%
****: **.*%

Latest ******* *****

********* **** *****/****** ***** a ************ *** *******. However, ***** *** ***** sales ****** ** ** of ****, ** ****** 12% **** * **** earlier, *** **** ******* growth ** ****:

*******, ** ** *** know *** ** **** is ******* ****** ****** so ****.

Reason *** *******

*** ****** *** *** sudden ********* ** ** Ke ** *******. ** have ******* *** ** Dahua *** ******* *** received ** ***** ** far. * *** ******** reasons *******:

** **'* ********* ** reverse ** ******* *****'* slowing ****** ***** ******.
******* *****: ** ** is * ****** ****** executive, * **** ***** for *** ********** "**** *******" ********* *****. ******** in ****** ****** *** have ****** ******* ********.
*** ************* *********** ** signature ******** **** *** "***** ** ****" ******* ** *****'* massive $**** **** **** in ********, ***** ** still ** **** (********* to *****'*** **** ******)*** ** * ************** *********
***** *******, **** ** an ******** ***** ********, or ********* *********** **** Huawei *** *****'* ** surveillance ********.

Li **: *****'* **** * ***'* ********

**** ************* *** **** ***** outlet ********, ** ** was ***** *** ** resigned, ** ***** ** responded ***********:

*****'* *********** **** *'* not ** * ******** to ********. *** *** time *****, *'* **** to **** * ***** first.

Li ** ******** ** ***** ** ************ **********

*** ******, *********** *********** does *** ******* ********** as ** ** *** brought ** ** **** of * *** ** professionalize *****. ** ** was *** * ***** insider *** *** ********* of ***** ******* *** PRC ******* ***** ******, where ** ****** *** over ** *****.

**** ***** ** ******** to **, ** ************ who *** *** **** more **** * ****** business, ********* ** ***** insiders **'** ****** **** prior (*.*. - ** we***** ******- **'* **** **** Ailing** * ***** ******** and *** ****** ***.)

Dahua ********** *****, ** ****** ****

***** ********* ***** ******* big **********, *********:

***** ********** ***** ****** sanctions, ***** *** ***** banned **** ********* **** US ****** **********
*** ** ************** ***, ***** ***** **** to ***** ********** *************** ***** ******** **** the ** **********
************** ******,***** *** ************ ****** down *** *** ******* and ****** ****** ******** ************** *** ***** ************ manufacturers

*** ** ****** ******* is ******* ****** ****, given *** *********** ** co-founder *******'* ******** *** **** project.

**********

***** *** ***** *********, it **** ********* ** a ******** *** ** to ***** ***** **** to *** ***** ** torrential ******, ** ******** in *** ***** *****.

Vote / ****

Comments (15)

Undisclosed #1

02/28/20 12:00pm

*** *** **** ****** back **. ****** ** Asian ********* ******* , the ******* ***** **** he *********** *** ******** he ******* *** ***** to **** *** ****** again.

* *** ** ****** in ***** * *** Taiwanese ********* ***, **'* not ***** ********.

Undisclosed Manufacturer #3

In reply to Undisclosed #1 | 03/03/20 09:26am

*****, ** ** *** see ***** *** **** come **** ** ******* in **** ******.

Undisclosed Manufacturer #2

02/28/20 05:06pm

* ***** ******** **** though * **** * would ** ** *** minority.

***** ** * ***** company **** ** *********** manufacturing *** ***** ****. Slowing ***** **** *** necessarily **** *** ******* is ****** ******, ****** all ********* *** ***** slow ** **** (*** the ******** ***** **) mature.

***** *** ********* ** the ** **** ******** use ** ** **** of ***** ***** ***** that **** ** *** have *** ** ********** in ***** ******** ***** the ********* ** ******* with ** ****** ******** on ********* **********. ** while ** *** ** a ********* ************* *** Dahua *** ** ** able ** *** ** origin ********** **** **** companies ** **** **** without **. * ***** we **** *** **** do **** ****** ** doing: ************* ************* *** investing ********** *** ** the **.

** *** **** ***** I **** ***** *** four **** ***********, * have ************* **** *** of **** *** **** one ** **** **** of *** **** *** NDAA - *** **** one ******* ****** ** government *** ******* ****. The ***** ***** *** not **** ** **** much **** * **** them ***** **, **** do *** ****** ********** contracts *** ***** ********* do *** **** ****** for **** *** ** pursue ***** **** *********.

** **** *** ******* to **** ** ** so ** *** ******** stabilize ** (** ** needs **) *** ******** its **********, ** **** as ** ** ***** about ** *** ********* non-US ****. ** ***, I ***** ***** ****** is ********.

John Honovich

IPVM | 02/28/20 01:25pm

**** *****, ** ** side, **** ******* **** various ***** ** ****** over *** **** * years.

*** ********* **** * heard *** **** ***** Dahua *** ******* ******* robustly (****** ******* ** an ********* ****** ***** domestic ****** ** *** 2010s), *** ******* ****** organization *** *** ******* fairly ***********. ** ******, when *** ****** ** really **** *** ******* is ******* ** ****, organizational ******** *** ******** can ** *******.

*** *********, ***, *** Fu, ** **** ***** is *** ****** *****, the ****** *** ************* slowed *** *** *********** challenges **** *********.

** **** *** **** pursuing *** *** **** Musk **** ****, **** his**** ***** (**** ******* car) ******** *** *******. *******, ******* ***** reports *** **** *** car ******* ** ********** and ******** ** (*.*.,** ****** ********** ***** for ****-******* ******** *** ***** **** of *** *** ***'* launch, *** **** ******* car ******* **** *** abyss).

*** ** ******* ** Dahua?

***, ** #*'* ******, yes, ****** *** ********* sales **** ** **** mature *** ***** *** never ****** '*******'. ** Ke *** *** ******* to ***** **** ********. That's *** **** **** among *** ***'* *** more ********* ******.

John Honovich

IPVM | In reply to John Honovich | 02/28/20 09:32am

****, ** *** ********** side ********, * ***** be ******* ***** ******** Dahua's **********, **** ****** that ***** ** *** Dahua ******** **** **** me **** *** *****.

**** ** * ******* PRC **** (*** **** of *****, ***.) *** Dahua's ********** ********** *** the ************ *** ******* so *********** **** **** a ******* *******.

Undisclosed Manufacturer #2

In reply to John Honovich | 02/28/20 12:44pm

* *** **, *** I **** ** * public ******* **** ** the ** *** ** the **** *** ***** we **** *** ******** executives **** *** ******* for "******** *******," * do *** **** **** a ********** ****** *** concern.

********** ***** ***** ***** all *** **** *** unless ***** *** * very ****** ******* (*.*. Boeing ***'* ****** *********) or **** *** ****** up ** * ********* company **** ********** **** up **** **** *********** - "*******" - ****** for *******.

John Honovich

IPVM | In reply to Undisclosed Manufacturer #2 | 02/28/20 01:14pm

* **** ** * public ******* **** ** the ** *** ** the **** *** ***** we **** *** ******** executives **** *** *******

**** ******* *** *********** internal ******, ** * don’t ***** ****’* * good ********** ** ****. I’m *** ***** ** disclose **** *******, ** course, *** ***** *** brought ** ** * think **’* **** ** give **** *******.

**** *******, **’* **** rare *** * *** to ***** **** ******* with ** *********** ** place. ** ** ********** that’s ****** ****** * signal ** *********** ********.

Undisclosed Manufacturer #2

In reply to John Honovich | 02/28/20 10:22pm

**** ******, ******** * think ** * *** of ** ************* ** say ** "******* *** significant ******** ******." ** division, ***, *** ****** company **** **.

*** ******** ** ** Elon ****, ***** *** had ****** ******** ********* ********, ******** Telsa ** ******** *** a **** ******* ******* it ** ** *******. But ** ** *** just ** *******, *** Tesla, *** *****...******* ******** ***'* ******* **** in **** - ************ "CEO ******** **** ******* in ***** ****** ** 2018 ****** *****."

*'* *** ****** ** stick ** *** *****, heaven ***** * **** had ** **** ** them. * **** ***'* see * *** ********* as * ***** ******** signal - ** ***** be, **************** ***, *** ** could **** ** * signal ** *** *******'* commitment ** ****** **** is *****, *** ********* good ****.

John Honovich

IPVM | In reply to Undisclosed Manufacturer #2 | 02/28/20 04:00pm

*** ******** ** ** Elon ****

*** ***** ** ******* China's **** **** ** maybe ** ***** ** up, **** **** ****.

***** **** ** * signal ** *** *******'* commitment ** ****** **** is *****, *** ********* good ****.

** ** ** *** what *** ***** **** Dahua? *'* ** ********** in ******* **** *** any ******** ********** ****.

***** *** * *** wrong **** ** ** came **, *** ***** how ** ****** **** will **** ** ******? If ****** *** * theory ** ****, ***** to ****.

Undisclosed #1

In reply to John Honovich | 02/28/20 10:21pm

***** *** * *** wrong **** **, *** still ******* ** ****** the ****** ******* ****** in *** *****. *** relationships *** ******** ********* of *** ******* **** a ***** **** ** relaxing *** ******* ***** channel ********.

* ******* **** *** many, ** ***** **********, to *** *** *** management **** ** *** helm ***** ** **********.

******* ** *** **** is *** **** *** to *** * ******* dollar ************ ** *********. I ********** **** ***** so, *** * **** seen ** ****** ******.

*** **** ** *****, it's ****** **** ** Taiwan *** ** ***** industries. ***** *****, *** founder *** *** ** TSMC, ******* ** ****, only ** ****** *** again ** ****.

John Honovich

IPVM | 03/01/20 01:08am

***** **** **** *************************** *** ********* *********** for **'* ****:

**** ****** ** ***** boss ***** ** *** bring *** ******* ****** in *** **** * years *** **** ** pay *** ***** *** Li's ****. ** ******* lots ** *** ******* from ****** **** ** was *** *** ** dahua, *** **** *** the *** ***** ****.

**** ***** ********** ** me, ****** *** '*** money' **** **** *** make **** *****. ** Dahua's ******** ******* (********) and ******* *** *******, Li **'* **** ** not **** ****:

截至本公告日，李柯先生持有公司股份*,***,***股，占公司总股本的*.**%。

** ** *** *.* million ****** ** ~$*.* each ** ~$*.* *******, which *** *** *** of * *****-******* ****** company ** *** **********.

*** ****** ******** ** why ** ** *** not **** *** ******* better? ** ** ** Ke's *****? ** ** because ** ******* ***? I ***'* ****.

* ** **** **** Dahua *** ********** ******** when **** ******* ** Ke **. ******** ** Ke *** ********** ** acknowledgement **** ** ** those ********, ** **** now?

Undisclosed #4

03/06/20 04:31am

**** ****** ** ***** boss ***** ** *** bring *** ******* ****** in *** **** * years *** **** ** pay *** ***** *** Li's ****. ** ******* lots ** *** ******* from ****** **** ** was *** *** ** dahua, *** **** *** the *** ***** ****.

***% ******* **** *********. Li ** **** **** the ******* *** **** wanted ** ***** *** Huawei ****** ** *** had ** **** ***** the ******** ********. ****** all *** **** ****** left ***** *** **** of **** *** **** were *** **** ***** who ***** *** *** a *** ********* ****.

** *** ********* **** Li ** **** ** board ** *** ****** knowledge **** ** ***** gradually **** *** ******** out *** ******* **** with ****** ****** **** if **** *** ** idea ***** *** ** sell ****. ** *** also ****** ********* **** Li ** ***** *** last *** **** **** he *** **** **** all ** *** ** Huawei ****** **** ** hired ***** ** **** as ****.

**** ** *** ******* will ** *** ********* Jason ****.

@***** * **** *** enjoy ***** ** *** side ***** ****** ***, now *** *** ***** how ** *****. :) :) * **** *** can *** * *** back ** ******

* **** *** *** how ***** *** ******* after ****** ** **** good ******. ***** *** people *** **** ** have ****** ** *** channels *** **** ***** a ****. ** **** countries, **** **** **** appointed ***** ******* ******* who *** ******* *** or *** *** ********** as ********** ************ *** given **** ****** ******* than ***** *** ************ who ******** **** ** millions ** ******* ** product.

* ***** ********* ****** from *** ********* ******* to **** ******** ** these ***** ** ************ on **** **** ** that *** ******** ********* can *** **** *** truth **.

**** ****!

John Honovich

IPVM | In reply to Undisclosed #4 | 03/06/20 12:35pm

#*, **** ********, ** what ** **** ********** in **. **'* *******, to *** ** **********, 'make ***** ***** *****'?

Undisclosed #4

In reply to John Honovich | 03/06/20 08:24am

* **** *** * way *** *** *****, they ******** ** * crucial ****** ** ***** growth. **** ******** ** their **** ***** ********* they *** ****** ** every *** *** *** current ***** ** ***** are ****** ********* ** doing **** ** ******.

*. **** ***** ** not **** ** **** Dahua. ** ** * company ** **** ****** now. ********* ** *** of *** ***** ******* for ****** ******* ** enter *** **** ******** or ****** ****.

****** ******** ****?

***** ** ***** ******** Publicly ******* **-***** ********

**** ***** *** ****** good ****** ** *** want ** **** *****. The ***** *** *** be ****** *******. * am ********* ** **** see **** ** ****.

*. ******* ** * mess. **** **** ** their ******* ************ *** moving ** ***** ****** because ** ***** *** experience **** ***** ***. Hikvision *** * **** stable ******* ********.

*. ********* - *** Dahua ******** ***** *** a *********** ********* ******* other ********* **** ********* have *** ********* ****

*. ***** *** ****** control **** ***** *** however ***** ********* *** overtaken ****

*. ***** ***** ** be ********* ** ********** their *** ******** *** mainly ****** ** ******** offered ** *** *** vendor. * ******* ******* of **** ** *** cloud ******* *******. **** technical ****** ** ***** tell ********* *** ** use ** ******* ** is *** ****** *** that ***** ** * good ****** ** **** brick *** ****** ***** upgraded.

** ****** ** ******** when ********* ** ****** promoting *** ***** ************ as ***** *** **** actually ** ** *** SOC ************ *** ***** it *** ********. ** example ** *** ******** on **** ********* **** SOC. **** ** *** tech ** ** *** chip. *** ****** ************ now **** ***** ** extract *** **** *** do **** **** ******.

**** ******* ***** (** Camera) **** *.**

*. ***** *** ***** from *** ** ******. if ******** ** ** just ***** ** *** worse *** ** *** way ******* ****** ****** people. ********* *** ****** friends ****** **** ********* people. **** * **** at *** ***** ********* on ******** *** *** how **** **** ******** education ** **********.

*. **** ***** ******* managers **** **** **********. How *** ***** ****** help ** ***** *** company **** ** ***** when **** *** *** ones **** ****** ******* it.

*** ********* *** ***** General ******* ** ******** and **** **** ** their ********. **** *** time ***** *** **** see * ******** **** of ******** ********** ** education.

**** ****** * ****!

Undisclosed Distributor #5

In reply to Undisclosed #4 | 03/06/20 07:40pm

***** ******* *** *** from?

* *** ******* ******* issues ** ****** ****** for *** **** * years:

"*************" ** ** ************ distributor, ***** ***, ***** dumping / ****** ********, price ****, *** ********** money **** *** *** sub-distribution ********. *** ********** damage *** ***** ** a **** ** ***** volume, *** *** **** of ***** **** *** channels. ******** **** ***** a ***** ****, *** instead ** ********** *** channels (*** **** ** high), **** **** ** try ** ******* **** with *** ****.

************, *** ******* **** is ****, ******* ** good, **'* ****-*********, *** well ******** ** *** Israeli ******.

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