China Directs Old Neighborhood Renovations Spurring Multi-Billion Video Surveillance Sales

By Isabella Cheng, Published Aug 20, 2020, 10:19am EDT

Hikvision and Dahua are ramping up offerings in response to a PRC State Council directive aimed at renovating old neighborhoods. Renovations are projected to lead to $5-10 Billion USD in sales over the next 5 years.

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In this report, we examine:

  • An overview of the directives
  • Scale of the renovations
  • Finances of the renovations
  • Hikvision and Dahua's plans to be involved
  • Hikvision and Dahua's opportunities and risks

Executive *******

*** *** ***** ******* released * ********* ** July **, **** ****** "************* ********** *** ******** for ********* *** *************", ***** ******** ***** to ******** *** ***** neighborhoods ***** ****** **** by *** *** ** 2025. *********** **** ****** over *** ******* ******. Security ********, ********* ********** surveillance ******* *** ****** control *** ********* *** parking *******, *** ***** neighborhoods *** ********** * top ********. ********* *** Dahua ***** ** *********** gain $*-** ******* *** from ***** ******** ** both ********* **** ******* enthusiastically ******** ***** ** promote ***** ***** ******** in ********** *****.

China ************* **********

**** ***** ******* **** in ********* *********, ******** referred ** ** "******" or *************. ***** ************* are * **** ** a ****** ****/**** ************** network **** ****** ****** services **** ** ****** centers, ************ **********, *** police ********. ************* **** gated ********* ***** ******** officers ***** *****. ******** guards *** *** **** there *** ******, *** many ** **** **** control *** ****** ** cars ****** ** *** out ** *** ************ because **** ****** *** parking ** ** ******. Almost *** ************* **** property ******** *** **** care ** ******** ****** and *** **** ******* day-to-day ******.

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PRC ***** *******'* ********* *********** ********** ***-**** *** *************

** **** **, ****, the ***** *******, *****'* chief ************** *********, ****** a ******** ****** "************* ********** *** ******** for ********* *** *************". **** ******** ********** announced *** **********'* ************** of ********** *** ***-**** neighborhoods ** ***** ** 2025. *** ******** ******** three ***** ** ***********, from **** ** ***** priority. *** ***** **** is "************" ************, ***** include *********** *** ******** that ***** ***** ****** issues *** ****** *********' basic *****, **** ** rotting ***** *** *******, stairs, ********, ***********, ******* disposal, ***.

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*** ****** *********** ***** are *** "**********" ************ and, ******, "********". "**********" will ***** ** ****** buildings ****** ********* *** improve *** ******* ****** environment, **** ****** *********, landscaping, *** ******* *********. "Upgrades" *** ** ******* residents' ******** ** ****** by ****** *** ************ "intelligent" *** ******** ** more ********* ******** **** health *******, **********, *** retirement *****. ***********, *** state ******* ***** ******** as * ************ *******. Installing *** ********* ******** in ***** ************* ** a *** ********.

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***** ********** *** ************* is *** *** *** has **** ********* *** at ***** ** ***** now,* ***** ************** ***** **** *** directive **** * *** more ************** ** ******** efforts. **** ***********, *** new ***** ****** **** falls ***** "**********" ** previous ***** **** *********** to *****, ************ ***********. The ******* ******* **** be **** ******-** ****** than ***-****, ** **** time, ********* *** ********** (and ********) ** **** the **** ** ****** what ***** ** ** done. *******, ******* ********* will ** ******** ** take ******, **** **** also ** ******** ** contribute *****, ********** *** lower ********, ***-************ ***********. Previously, *** ****** **** all **** *** ******** of *******, *** *** State ******* **** **** type ** ********* ** not ***********.

Renovations *****

***** ******* ********** *********** will ****** **** *** million ******. ********* ** the ***** *******'* ************, there *** ~***,*** ***-***** neighborhoods **********. **** ****** ~39 ******* ******** **********. Assuming **** ********* *** an ******* ** * people, **** ***** ****** more **** *** ******* people ** ~*/** ** the ****** **********. *********** work *** ******* ***** have ******* **** ******* starting ** ****. ******** COVID-19 ******* *********** ** late **** *** **** 2020, *** ***** ******* said **** *** ****** back ** *** **** they *** ********* ** their ******** ** ******** all ***-**** ************* **** the **** * *****.

Renovations ********

***** ******** ** ************ equipment *** *** ***,*** neighborhoods **** ***** $*-** Billion *** **** * years, ******* *** ***** Security *** ********** ******** Associaton (*****), * ***** association ******* ** *** Ministry ** ****** ******** of *****. **** ********* this ****** ** ** on *** ****** ***, between $*-** ******* ***. The ****** ****** ************ market ** $** ******* USD, ** ***** **** these *********** ***** ***** increase *** ****** ** 10%. ** ****, ********* and *****'* ****** ******** were~$*.* **********~$*.* ******* ***, ************. ******** ***** renovations ***** **** ******* grow **** *********' ****** revenues.

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***** ******** ** *** renovations ** ********* ** least $** ******* ***. However, **** ******** ************** and ******* ************ ***, so ******** **** **** be * **** ** the ********. *** ***** Council ******** **** *** budget *** **,*** ************* was ** ******* *** (~$3.5 ******* ***) ** 2019. ** ****, *** number ** ************* ********* for ********** ******* ** 39,000 ************* ** *** budget **** ******* ******* to **.* ******* *** (~$7.7 ******* ***). ** this **********, ** ******** the ********* ~***,*** *************, the ***** ******* ***** reasonably ****** ******* ~$** billion *** **** *** next * *****.

********** *** **** *********** have **** ***** ***** ***** $** ******* USD ** ********* ***** *********** **** and ***** ************ ****. China *********** **** ******** 261 ******* *** ($** Billion ***) *** * provinces' ********** ******* ***** China ************ **** **** 175 ******* *** ($** Billion ***) ** * cities.

***** *** ***** ******* has **** ***** **** residents **** **** ** reasonably **********, *** ******* government **** **** ******* especially ** ***** ******** and *** ***-****** *******. Given *** ******* **********'* commitment ** ****** *** basic ********, ***** ******** security ************ *** ************, the ************ ******** *** be **** ******* **** their ***** **** ** more ***********.

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Hikvision *** Dahua ******** ***** ** ****** **********

********** *********** **** **** prioritize ******** ** ************ equipment ** ** ********** project *** ************ ********* to ** ******** **. Indeed,********************* ******* **************** ******** plans ********** *** ***** companies *** ** ******* in ***********. ******* ******* is ******* *** *** products ******** ******** ** renovating *** *************. ******, both *** ********* ** their ******* ********* ******* lines.

**** ***** ******* ******* access ******* *** ********* which ***** ** *** to "******* ************* ****". For *******, **** ********* and ***** ******** ********** access ******* ******* ** all ********* ***** ********* can **** ** ***** and ***** ******* ****** recognition, ******* ** ******** access *****. *********** ********* would **** ** * default ********* *** *****-** norms.

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***** ** * **** array ** ********* **** would ***** **** ********* and ******** ********** ** something ******** **** ** be ********. ******* ***** offer ********* **** *** detect ***********, ******* *******, cars **** ***** **** lanes, *** **** ***** management ** ******** ****** are **** **** ***** posts *** *** ****. Analytics **** **** ** used ** ******* ********** such ** ******** **** trash. ***** ****, ***** has **** ******* ************* ***** ********* ******* *************** ******** practices. ********* *** *****'* analytics **** ***** ** issue ****** ** ********* are ****** ******** ***** into *** ***** ***.

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*********'* **** ***** * graphic ** *** **** products ***** **** ********* can ** ********* ** make ** ****** ************ both **** *** "***********". This ******** *******, ********** equipment, ******** *****, *********, smoke *********, *** ***** platforms *** *************.

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*********'* **** ******* ********** using ***** ******** ** "upgrade" *********' ***-**-*** ************. For *******, ********* ****** an *** *** ********* to **** *** ********, remotely ****** *****, *** sign ** ****** *** from ***** ******. ********* already ****** * ********* management ******** **************** **********. ********** ********** ** different **** **** ***** management ********* ******* ******** ** *** ************ tailored *** ********* *** another *** ******** ********** while ****** *** *** app *** **** *******,********* ** *********. ****** specific **** *** **** parties **** ********** **** property ********** ** **** efficient ** ******** ******** and ****** *** *********** of ********* *********.

*****'* **** ************ ****** using ***** ********, ******** *** **** did *** ********* ******* or ******* **** ******** products ***** ***** ****** to *** ** *** renovations.

**** *** ***** ** discussion **** ***** ************ systems **** ** **** into *****'*"***** ****" ******, *** **** ********** could ** ******** ** the ******.

Opportunities *** *****

*** ********* ************* *** Hikvision *** ***** *** significant. *** ****** *** renovations ******* ************ ********* and ******** ** ** the ******** ** *******. This **** *** *** even **** **** ******* long-term *********** **** *** the ******** *********** ** equipment.

*******, ********* *** ***** face *****, ***. **** of ***** *** ************* have ****-********** ******* ***************. If ********* *** *****'* plans ******* ****** ********** devices **** **** ** be ************** *** ******* significant *********, *** ************* may *** ** **** to ******* *** ******** needed *** ***** **** complex ******* ** ***** do ***** ****. *************** infrastructure, *** ** *********'* and *****'* *******, *** inhibit **** ******* **** fully ******* *** ********* benefits ** ***** ********. Further, *** ******* ********** has ********* ** ************ security, *** ****** *** intelligent ******** **** ****** recognition *** ****** ******* and ******** ******* ***** are ***** ******** ***** or "********". ******* ** not ********* *** ***** can ***** **** ***** entire **** ***** ******* on, ****, *** **** the **********'* *** **** the *********' *********** ** pay.

Comments (3)

***** **********, **** **** to *** ********.

* **** ** * 40 **** *** ******** myself, *** *** ********* are *** *** ****** to ********** ******** ** making ** **** *****.

********* *******, ********! ***** and ********* **** **** far **** **** ** hand ** **** ********* and ************ ** ***** plans ** **** ** fruition *** *** ************* earnings *** ********!

*** ****** **** * page *** ** **** book. ****** *** ******** data **** ******** ***** the ***** ** * neighborhood **********.

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