China Dali Financials Show Fever Camera Demand Fall

By Isabella Cheng, Published Nov 12, 2020, 10:29am EST

Zhejiang Dali, one of China's original thermal technology developers had excellent growth of 169% in H1 2020 with booming overseas fever camera sales but now reports fever camera demand has slowed significantly.

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In this post, we examine Zhejiang Dali's Q3 2020 financial disclosures and what this means for Dali going forward, including:

  • Sales and profit growth continuing but slowing down
  • Fever camera demand becoming "normalized", says company spokesperson
  • Gross margins still increasing, says Dali
  • Turning to focus on consumer, industry market after slowdown
  • Negative market reaction to Q3 2020 performance

Growth ********* *** *********** ******** **** ** ****

****'* ** **** ******* grew **** *.**% *** to ~*** ******* *** (~$21 ******* ***). ******* grew **.**% ** ~** million *** (~$*.* ******* USD).

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** *** ********* ** the ****, **** ****** with ***%+ ******, ************ to ***%+ ****** ** Q2 *** *** ****** growing ** **, ** the ***** ***** *****:

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****'* ***** ******* ** more **** **** **** Q2 **** ** ** 2020 ******** ** **** one-sixth ** *** ********** period **** ****. **** drop ** *** ** decreased ****** *** ***** cameras *** **** ******** when************************* ***** ** **** results.

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**** ******** ***** ****** growth ** ** **** as ******* **** ** 4x. ***** ****'* ******* have ***** ***** ** Q3, *** ****** *** lost *****. ***** **** normally **** ********** ********* profit ****** **** ** to **, *** ******** in ******* **** ** to ** **** *** much **** ********** **** in ******** *****. **** suggests **** ** ****** fewer ***** ** *** highly ********** ********, ****** high ****** ***** *******.

No ******** / ******** ********* *** **

**** *** *** ******* a ***** / ******** vs ************* / ******** breakdown *** *** ** report, ** ** ** not **** *** **** growth ** ***** ****** by ******** ** ******* sales.

************, **** ~*% ** Dali's ******** *** **** overseas, *** ** ** 2020, *** ******** ***** grew ** ~**% ** total *****. ** ** unclear ** **** *** kept **** ******** ** overseas ***** ********** ** in *** **** ** slumping ***** ****** ***** even ******* ** *****. Dali's **** ****** **** show *** ****** *********** and **** ******* * finer ************ *********.

Fever ****** ****** "**********," ********* ** ******* ************

***** ****** ****** *********** **** ** * normal *****, **** * **** spokesperson ** ******** ** an ******** ******** ** an ****** *****:

******** ********** ******** ** the *******'* **** ******** have ******* * *** stage **normalized ********** from emergency procurement in the first half of the year. [emphasis added]

**** ******** ******* ***** fever ****** ****** ******** is ** **** **** those ***** ** ***** industry *********, ******************, *** **** **** observed ****** ********** *** epidemic ********** ******** ** Q3 ***** * **** in **.

Following ********, ****'* ***** ***** ** ******** *** ******** ********

** *** **** ** a ***** ****** ****** slowdown, **** ** *** focusing ** *** ******** and ******** ******** *** says ********** ****** ** those ******* *** "******* *** *******'* ********* rapid ******":

***** *** ****** **** of *** ****, ****** for ******** ******** *** industrial *********** *********** ******** has ******* ******, **** industries ******** ** *** demand *** "*** **************". The ****** *** ********** robots *** *********** *** rapidly *********. *** ******** products, *** ****** *** continued ** ** **********. These *** *** ******* the *******'* ********* ***** growth.

** ******** ********* ******* about ****'* ******* ** continue ** **** ** "******** ********** ******** ***** the ****** ********** *****" (*.*. ****** *********). However, **** *** ********** its ****** **** ** sustained ** ***** ********** product ******* ** *****-** becomes ********** ************ *** in ******* ******* ********.

Dali ***** **** ~*% ******** ********* ** **** ********** *******

*** ****** ********* ********** to ****'* ** **** financial ******* ***** **** were ******** ** ******* 29. ** *** ***** full *** ** ******* after *** *******, ****'* stock *** **** ~*%. Two ***** ***, *** stock *** ****** * total ** ~**% ******** to ****** *** ** 2020 ******* **** ********.

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*****, ****'* ***** *** grown ~***% ***** *** beginning ** ****, ******* in **** ****, ****** by *** ********** ********* performance ***** *****-** *******.

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*******

****'* ******* *** ********** with ******* **** *****, FLIR *** ********* ***** the ***** ****** ************. It ** ******** **** the '****** ****' ********* sales **** ****** ****** the ***** ***** **** the ****** *** **** negative *** ***** ****** sales.

Comments (1)

*** **** ******** ***** camera ** *** **** image ***** **** * spitting ***** ** ************* ***** ******...

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