Dahua H1 2021 Results Examined

By Isabella Cheng, Published Sep 01, 2021, 08:33am EDT

Dahua posted strong ~37% H1 2021 revenue growth, rebounding from 2020, when sales declined slightly as the pandemic progressed .

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In this report, we examine Dahua's H1 2021 financials, including:

  • H1 2021 revenue
  • Domestic v. Overseas revenue
  • Gross margins change
  • Domestic growth
  • Dahua's "innovative business"
  • Software development updates
  • Stock performance

********'* ** **** ********* report (******* ****).

Executive *******

******** ****** *** ******, with ***** *********** ******* revenue ****** *** ******* of *****. *** ******* announced **% ***** ****** for ** **** ** ~$2 ******* ***, ********** from *** ********-******* ****. Overseas ******** *** ******** significantly **** *** **** two *****, ********** *** 42% ** ***** *******, in ********** ** **** than **% *** ***** Hikvision.

***** *** *** ******* what ******** ******* **** most ******* ****** *** did *** ******* ** US ********** *******.

********, ***** ******* ******* dramatically (~** ********** ******) as *** ***** ****** rush *****.

Revenue *********, ******** ******-****

*****'* ** **** ******* was ~$* ******* ***, up ~**% ***. *******, profits **** ***, ** ~20% ***.

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**** ********* **** ********* from * ******-**** ** H1 **** ********* * dip ** ******** *** to *** ******** * year ***. *** *******,*********'* ** **** ******* grew **%.

Continuous ******** *********

*****'* ******** ******** *** expanded ************* **** *** last * ***** *** into ** ****, **** ~42% ** *******, ** ~$881 ******* ***, ********** to ******** *****. ******* from ******** **** **% YoY, ****** **** *****'* domestic ********, ***** **** 34% ***.

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** ** ****, ******** revenue **** ********* *** ~1/3 ** *****'* ******* revenue. *******, ** ** 2020, *** **** ****** jumped ** ~**% ** overall *******.

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***** ****** ***** ******** contributed ** **** **** between ** **** *** 2019. *******, ***** *** continued ** **** *** overseas ******** **** ***** fever ****** ***** **** down.

***** ** ***** ** equally ********* *** ******* inside *** ******* ** China. ** *** ***** hand, ********** ********* ** still **** *****-*******, **** ~3/4 ** ******* ****** from ***** *** **** ~1/4 ********.

Specific ******** ******** ****** *******, ** ******** ***** **

***** *** *** ******* where ** *** ****** its ********* ******** ******, nor *** ** ***** at *** ***** ********** in *** **, ************ *** ****** ******* Dahua *** *********. ** ************* ***** ****** ************ to ******** *** **** US ******** ******** *** overall, ****** ******* **** "there *** **** ******* for **** **** * years." ***** *********:

*** ******* *** **** deeply ******* ******** *** many *****, ******** ****** 180 ********* *** *******, and *** ***** * global ********* *** ******* network. *** ******** ****** is *********, *** *** proportion ** * ****** country ** ***. ** the **** ****, *** company ** ***** ******** exploring ******** *******, *** through ******* *** ******** structure ************ *** ***** methods, ****** ** ******** the ********* *** ********** of *** ********.

**** ********* *****'* ** revenue ** * ******-***** percentage ** ******* *******.

Gross ******* **** *************, ********** ********

***** ******* **** *.**% compared ** **** ****, Dahua *********:

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******** ***** ******* **** down **** **** (-**.*%) compared ** ************ (*.**%):

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********* ** *** ** call**** *** **** ***** margins **** "*********" ** fever *******:

** ****, *** *******'* gross ****** *** ********* by ******** ******* ******* products. *** *******'* ***** margin ** *** ***** half ** ****, **, and ** ******** **** 2019, ** **. **** year's ***** ****** ***** has ******** ******* ********* it, ********* ******* ***, geography, *** ******* ********.

** **** ******* **** year,*********(********) ***** *** ***** boosted ****** ******* ************* during *** ********'* ******, particularly ********.

Domestic ****** ****** ** ** * (********) ******

~**% ** *****'* ******** revenue ***** **** *** "To * (********)" *****, ~$553 ******* ***. *****'* "To * (**********)" ***** are ********* ** * proportion ** ******* *****:

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***** ********* *** "** B" ******** *** **** strong ******* *********** ****** digital **************:

** *** **** *** years, ********** ***** **** year's ********** **** *******, we *** **** ** the *-**** *******, **** industries **** ********** **** growth *** **** **** a *******. **** ***** the ********** ** ***********' demand *** ******* **************. By ******* ****** **** the ***** ** ********* in ********** *** **********, the ******* *** *** launched ****** ** ******** solutions *** *** ***** enterprise ******.

“Innovative ********" ***** **%, ******** **** ****** ****

*****'* "********** ********" **** over **% **** **** to ~$*** ******* ***. This *********** * **** array ** ********, ********* machine ****** (*******), ***** ************, ********/*** security (****), ******, *** ********** electronics.

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******** "********** ********" ****** doubled ** *******, ** is ***** * ********** small ******* ** *****'* overall *******, **** ~*%, compared ** *** ********* (e.g. *******) **** **** up **** **% ** Dahua's *******. *****, "********** business" ** ******* ******* and ***** ******** ** is ** ******** **** the ******* ***** *********:

** **** *** **** companies ** *** **** industry, ***** ********** ******** growth ******** ** **** good. *** ********** ******** as * ***** ** closely ******* ** *** large ******** ***** ** IoT ***** *** *** make **** *** ** the ****** *******'* ****** channels ** **** ***** areas *** ********** *********** in **** ******.The ******** ** *** ******* **** ******** ***** ********** ** *** *********** ** ********** ******** ************, and every 2 weeks will comb through all subsidiary businesses to observe the situation in the technical field and market resources. We believe that in the future, our innovation business will continue to grow at a high rate in these highly prosperous tracks. [emphasis added]

Software *********** *******

***** ******* ** ****, it **** **** ~$*** million *** ******** **** "pure ********" ******* *****. H1 **** *** *** first **** ***** ***** out *** ******** ******** (~$85 ******* *** *** the ****-****).

********* **** ******* ***** Dahua's ******** ***********, **** Dahua ********* **** ** has **** * "*** profile" ** **** *** company *** **** ***** in *** ** *** software *****:

** ****** *****, *** to **** ******** *******, the ******* *** **** a *** ******* ** the *********** ** ** and ******** ************. *******, not ****** ** **** not **** **** ** do *** *** ********* to **, *** ** does *** **** **** we ** *** **** action.

*******, ** *** ** call, ***** **** ********* a "******** ****" *** the *******'* ******** ************ by ********** * ****** platform **** ***** *** a ******** ****, ********* 750,000+ ***** ********:

***** ****** * ***** national ****, *** *******, to ******* ******** ***** networking, ************ *** ****** bank ***** ********** *********** platform. *** ******** ******** of ***,*** ***** ********, 250,000 ***** ********* ********, nearly **,*** ******** ** other ***** ** *********, equivalent ** ******** ** channels ** **** ******* hardware ********* ********* ** a ****** ********. **** platform ***** **** *** company *** *********** * super ******** *********** ******, which ******** ****** ********* architecture, ********* *****, *** advanced ********* ******* ** the **** ***. ******* the *********** ** **** case, ***** *** ************ its ****** **** ******** in *** ******* ********.

*** ******* **** ** would **** **** ****** updates ** *** ******** developments ****** *******:

** *** ******** *********** changes, ** **** *********** more ******** *** *******'* development ** ********** ************, software, *** ****, *** other ********* ************.

Stock ***** ******

*****'* ***** ***** *** been ****** **** *** last *** ****, *********** within *%:

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Comments (1)

******* **** ******** **** 41% ***

******* ***********,***** ****** ******** **** its ** **** ****** revenues **** ** ***%**** ** ****.

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