Dahua Posts Slowing But Strong Revenue Growth 2018

•Published Mar 04, 2019 14:19 PM

Despite significant job cuts in China, Dahua's revenues grew more than 25% last year hitting a total of ~$3.5 billion USD, according to its latest annual report. In this post, we analyze Dahua’s financials, including:

Revenue/Profits Analysis
Hikvision and Axis Comparison
Job Cuts Questions
2019 Outlook

Solid ******* ******

** ****, ***** ********* ~$*.* ******* (23.6 ******* ***) ***** (** ******* exchange *****). **** *********** ** ****** increase ** **.*% - ****** ******* for *** ********. *****, **** ****** was ***** **** ** ****** *****, though ************ **** ****** ******** ** Hikvision:

**** [**** ** ****** *********]: **.*%
****: **.*%
****: **.*%
****: **.*%

******** ***** *** *** ******* *** context/explanation ** *** ***** ******, ** is ****** *** ** * **** variety ** *******, **** ********* ********** **** **********, *** ************** ******** ********,**-***** ***** *** *******, ****** **** ***.

Profit ****** ***** *** ******

*****’* *** ******* **** **** ****** than *******, ** *.**% ** **** to $*** ******* (*.* ******* ***). Net ****** ****** *** ************* ***** than ** *** ****, *******, ****** for ****:

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

Net ****** ******* **********

*** ****** ****** **** ****** ******** in *** ******* ****** ** *******. Dahua's **** *** ****** ****** *** 11.4%, ********** * ******** ***** **** the **** * *****:

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

Hikvision *** **** **********

********* ******* *** ******** ***** ************ manufacturer, *********** ******* $* *********** **** ******** ** *****’* $*.* billion.

*******, ***** ******** ********* ** ***** of ******* ******, ************* ******* **.*%******** ** *****'* **.*%. *****'* ****** also ******** ****', ***** *** ***** *** **.*% ** ****,******* ** ** ****' ****** (**%) outpaced *****'* ************* (**.*%).

Job **** ********

***** ***** **** *********** *** ************. *** ** ** ****** ******** for * ******* **** **% ******, almost **** * ******* *******' ******** profit, *** ***** ******* ** ******* what *** ******* ******** **********'******* *******' *** **** **** ******* sources ** **** ********. ********, ***** nor *** ********* **** ***** ****** the **** **** ****, ******** ** publicly ** *******.

**** **** *** **** *** ****** information ** ******* **** **********. ******* media *** *** ******* *** *******, although **** ***** "********" ** "******** markets" ************ *****'* **** ******. **** ********** may ******* ******* ******** *** *****, potentially ********** *** ****'* ********** ******** hide ******* ********** **** *** ******** undisclosed.

**'* **** ***** ****** ******** ******* **** ********* **** ******* ** ****** ******. For *******, *-******** ********** ***** ********** ** **%************** **.*% ********** ****. **** *** ******** ******* structural ********** ** ***** **** (**** market **********) **** ***** ** **** weathering.

2019 *******

*** ** ***, **** ****** *****'* revenue ****** *** ***********/****** **** ***** competitors, ** ***** *********** ************* ** 2019:

*** ****** ** ********** ******** ********
******* ** **** ************ ** *** ** ************** ******* ******** ***********
*** **** ** *** ******* $*** million ********** ************ ******* ** ********, which ******* ** **** (** ***** ********* ** ** ****) *** ** ****** ********** **** *********
******* ***** **** **** ******** ** Huawei, ********** ** ****** * '*** *' video ************ ******** ** ********* ***** ******, * ******** that's **** ******* ** *****'* ******** ** ****' ********
******* *** *** **** **** ******** and **** ****** **** **** ** quality/support

** *** ******** ****, ****** *****'* stock ** ***** **** ****** **% over *** **** ****, ** *** past *****, *** ***** *** ********* from *** ****** ***** ** ****** 50% ****** ********** ******* ********** ** a ********* ***** **** *** ********* further ******* **** *** ******* **********:

Comments (2)

Undisclosed Manufacturer #1

•Mar 06, 2019

Where is the original link to the announcement!?

Reactions:

(1)

Charles Rollet

•Mar 06, 2019

In reply to Undisclosed Manufacturer #1

Here's a link to a PDF of their 2018 report in English. Dahua also made a public announcement in Chinese.

Reactions: