Dahua Q3 2023 Financials Analyzed
*****'* ***** **** ******** *** ** faces ******* ********** ** ********* *** to *** **** *** *******. ******* a ********, ***** *** ********* **** risk * ****-**** ********.
*****'* ******* **** * ******* ****** trend *** *** ************ *************, *.*.,********* ** **** ********** ********,******* ** **** ********** ******** - Declines ** ***, '*********** ********' ***********"****** *** ****** ********": ********'* ********* Problems ******** (** ****).
** **** ****, **** ******** *****'* Q3 **** ******* ** ******.
Executive *******
***** **** ******* ** ~*% ** Q3, ****** **** ******** ******, ********** in ********** *********, *** *** **** is *********** ** * **** *** recovery *** ***** *** ********** ********,******* ** *********.
*****'* ** ****** ** ******** ***** that ** **** *** *** ** Dahua's***** ******** ****, **** ***** ******** **** **% and ******* ******** *** ** ****** COVID *********.
***** ******** ****** **** ******** ***** the *** ******* ** ******* **** because ** *** ******** ** *********, it *** ******* * *** ********.
***** **** ****** * ******* **** its*****-********* *** ***** ****** ***** ******, ********** *** ************** *** ** specific *******.
Revenue ***** *%
*****'* ** ***** **** *% ** $967 ******* ***, * **** *** moderate ****** **********'* **** ********** **** ***, ********* *******'* ****** **********:
*** *** ***** ***** ******** ** 2023, ***** **** ***** ** *% compared ** **** - *** ** its ***** ***** *****, ******* * slow ********.
Net ****** ****
***** ******* ******* ***% (** $***) seems **** * **** *****, *******, this ** **** ******* ***** ************** *** ********* ** ****, ******* **** ******. Overall, *****'* ** *** ****** *** 8%:
*****'* *** ******* **** ********* ***** year ***** **** - *******, *****'* profits **** ** ** ****, ** this *** ****** ********* ** *** Q4 *******.
PRC ******** "********"
***** ******** **** ******* ** ******* the *** ******* *** "* *** tortuous" (***** *** ******* ****"曲折"*.*. *******, ***********) *** **** *****'* economy ** "******** *****," *** *********** ****:
*** *****-**** ********** *********** *******is * *** ********, but the most fundamental driving force for long-term economic growth is the wave-like development of technological progress [...] Nowadays, China's **** ******* *** ******* * ****** ** ******** *****
短期的信心修复过程有点曲折,而经济长期增长的最根本动力,是波浪式发展的技术进步 [...] 现如今,我国实体经济进入换挡期 [******** *****]
******, *** *** ******** ******** ** 2023** ******* ******************** ******, ******** ***** *** ********** ******* **.
PRC ********** ******** "*****"
***** **** *** ***** ** *** PRC ********** *** "****** **********" *** "government ****** ******* *** ***** *****":
** ******** ** ******,government ****** ******* *** ***** *****, but the overall situation is slowly **********
分板块观察,政府端客户预算仍然偏紧,但整体在缓慢复苏 [******** *****]
***** **** *** *** ********** ** launching ***** "*****-****" ************ ******** (*.*., a ****** ***** ******** ********** ***** $****)*** ******** ** ******** ******* ****.
******* ** *********, ***** **** ** *** ****** in **** ********** ********* **** ************* protection, ** ******** ** ***** ******/**** City ********.
PRC ********** ***** *********
*****'* *** ********** ***** *** **** from * **** **** ** $**** USD ** ****, ***** **** ******* to $**** ** **** (**** ***** did *** ******** *** ********** ***** before *** *** ** ****):
*********'* *** ********** ********* ******** ****. *** *********, ******** ****** ******* **** ** **** *** $*.* billion, ******* *** ***** *****'* (*** Hikvision's) *** ********** ******** **.
"No **** ** *****," ***** ** *********
******* **** ** *** ******** ** sanctions,***** ********* "** ** **** ** *****" about *** *** *******'* ****** ** its ******** *****:
** * ******* ** * ******* scale,Dahua ***** ******* ********** and opportunities every year or in every period. For example, since the beginning of US *********, the company's overseas ******** *** ********** **** ****** in recent years, including this year. The company's operations are a global deployment, and there isno **** ** ***** about single-point changes. The **** **** *** ******** ********. Although everyone has been discussing the pressure from the [PRC] government business, many industries still present some good opportunities.
大华作为已经有了一定规模的公司,每年或者说每个时期都会面临一定的挑战和机遇。例如,从美国制裁开始,公司海外业务在近几年、包括今年都保持了不错的增长,公司经营是全球化的部署,不必特别顾虑单点的变化。国内业务也是一样,虽然大家一直讨论政府端的压力,但不少行业仍然呈现出一些不错的机会。所以,发展的核心在于已具备一定规模的公司,其组织体制能否快速适应和预判,并适时地把自己的产品、技术和解决方案,以及人力资源调整到最好的状态。[******** *****]
*******, *** ****** ** ** ********* on ***** ** ********** ******* ******** to *** ****** ** ** ******** slowdown ** *** ***, ** *** PRC ***** ** **% ** *****'* sales.
(***** ***** *******'* **** ********* $****(****** **** *************, ***** ********) *** *** ***** *** - a ***** ******* ** *****'* ***** $4.74 ******* ***** **** ****.)
**** ** *** *** ***** **** Dahua *** ******* ***** *** ** sanctions, *.*., **** ****:***** **-******* **** ***** ****** ********* Shows ****** ***** **********.
Overseas ***** "****** ******"
***** ******* ******** ***** **** "****** ******" in **, **** *** ******* ****** in *** ****** **** *** ***** Africa, ***** *******, *** ********* ****:
** *** ***** *******, ******** ******* achieved ******-***** ******, **** *** ****** East *** ***** ******, ***** *******, Southeast **** *** ***** ******* ****** the ******* ******
海外方面,地缘因素带来的扰动仍在持续,公司专注于商业本质,
凭借专业产品和优质服务持续开拓海外市场。 三季度海外收入取得两位数增长,其中中东北非、拉美、 东南亚等区域业务增幅靠前。
**** ** **** ** ******** ******** **** ********* *** ***** ** higher ****** ** ****-********* ********** *********, which **** **************/************ *** *** **** ** ***'*** **** ** *****' ********* *****.
Promotes ***** ****** ***********
** *** ****, ***** ******** ******** ******** *********** ***** ****** ** ********* **** since***** ****** ****** *** ******* *.**% ** ***** ******* **** year.
***** ******* *** *** ******* **** "strengthen ******** *** ****** ** ********* areas" **** ** ** *** ***** cities. *******, ***** **** *** ******** metrics ***** **** **** *********** *** achieved.
Growth ****** ** *** *******
***** ** ** * ******* ******** to *********, **** **** *****' ****** slowing *** ** *** **** *** economic ********. ** **** *****, **** hinges ** ******* ******* *** *****' control, ******* ******* *** *** *** kickstart ****** ** ** **** ** at ***** ** ****.
** *** *** ********* ** ********, Dahua ***** ****** **** ********* *** focus **** ** ************* **** *** strong ****** ******** ** *** ***-***** and***** ****** ****.