China Dali Financials Show Fever Camera Demand Fall

By Isabella Cheng, Published Nov 12, 2020, 10:29am EST (Info+)

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 ********* *** *********** ******** **** ** ****

****'* ** **** ******* **** **** 2.45% *** ** ~*** ******* *** (~$21 ******* ***). ******* **** **.**% to ~** ******* *** (~$*.* ******* USD).

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** *** ********* ** *** ****, Dali ****** **** ***%+ ******, ************ to ***%+ ****** ** ** *** now ****** ******* ** **, ** the ***** ***** *****:

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****'* ***** ******* ** **** **** half **** ** **** ** ** 2020 ******** ** **** ***-***** ** the ********** ****** **** ****. **** drop ** *** ** ********* ****** for ***** ******* *** **** ******** when************************* ***** ** **** *******.

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**** ******** ***** ****** ****** ** H1 **** ** ******* **** ** 4x. ***** ****'* ******* **** ***** grown ** **, *** ****** *** lost *****. ***** **** ******** **** experience ********* ****** ****** **** ** to **, *** ******** ** ******* from ** ** ** **** *** much **** ********** **** ** ******** years. **** ******** **** ** ****** fewer ***** ** *** ****** ********** products, ****** **** ****** ***** *******.

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

**** *** *** ******* * ***** / ******** ** ************* / ******** breakdown *** *** ** ******, ** we ** *** **** *** **** growth ** ***** ****** ** ******** vs ******* *****.

************, **** ~*% ** ****'* ******** has **** ********, *** ** ** 2020, *** ******** ***** **** ** ~40% ** ***** *****. ** ** unclear ** **** *** **** **** increase ** ******** ***** ********** ** in *** **** ** ******** ***** camera ***** **** ******* ** *****. Dali's **** ****** **** **** *** annual *********** *** **** ******* * finer ************ *********.

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

***** ****** ****** *********** **** ** * ****** *****, **** * **** ************ ** response ** ** ******** ******** ** an ****** *****:

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

**** ******** ******* ***** ***** ****** demand ******** ** ** **** **** those ***** ** ***** ******** *********, including*********, *** **** **** ******** ****** decreasing *** ******** ********** ******** ** Q3 ***** * **** ** **.

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

** *** **** ** * ***** camera ****** ********, **** ** *** focusing ** *** ******** *** ******** products *** **** ********** ****** ** those ******* *** "******* *** *******'* ********* ***** ******":

***** *** ****** **** ** *** year, ****** *** ******** ******** *** industrial *********** *********** ******** *** ******* growth, **** ********** ******** ** *** demand *** "*** **************". *** ****** for ********** ****** *** *********** *** rapidly *********. *** ******** ********, *** demand *** ********* ** ** **********. These *** *** ******* *** *******'* continued ***** ******.

** ******** ********* ******* ***** ****'* ability ** ******** ** **** ** "******** ********** ******** ***** *** ****** adjustment *****" (*.*. ****** *********). *******, **** has ********** *** ****** **** ** sustained ** ***** ********** ******* ******* as *****-** ******* ********** ************ *** in ******* ******* ********.

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

*** ****** ********* ********** ** ****'* Q3 **** ********* ******* ***** **** were ******** ** ******* **. ** the ***** **** *** ** ******* after *** *******, ****'* ***** *** down ~*%. *** ***** ***, *** stock *** ****** * ***** ** ~14% ******** ** ****** *** ** 2020 ******* **** ********.

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*****, ****'* ***** *** ***** ~***% since *** ********* ** ****, ******* in **** ****, ****** ** *** incredible ********* *********** ***** *****-** *******.

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*******

****'* ******* *** ********** **** ******* from *****, **** *** ********* ***** the ***** ****** ************. ** ** possible **** *** '****** ****' ********* sales **** ****** ****** *** ***** going **** *** ****** *** **** negative *** ***** ****** *****.

Comments (1)

The Dali handheld fever camera in the free image looks like a spitting image of the Banovision fever camera...

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