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

By Isabella Cheng, Published Aug 20, 2020, 10:19am EDT (Info+)

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 *******

*** *** ***** ******* ******** * directive ** **** **, **** ****** "************* ********** *** ******** *** ********* Old *************", ***** ******** ***** ** ******** all ***** ************* ***** ****** **** by *** *** ** ****. *********** will ****** **** *** ******* ******. Security ********, ********* ********** ************ ******* and ****** ******* *** ********* *** parking *******, *** ***** ************* *** considered * *** ********. ********* *** Dahua ***** ** *********** **** $*-** Billion *** **** ***** ******** ** both ********* **** ******* **************** ******** plans ** ******* ***** ***** ******** in ********** *****.

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

**** ***** ******* **** ** ********* complexes, ******** ******** ** ** "******" or *************. ***** ************* *** * part ** * ****** ****/**** ************** network **** ****** ****** ******** **** as ****** *******, ************ **********, *** police ********. ************* **** ***** ********* where ******** ******** ***** *****. ******** guards *** *** **** ***** *** safety, *** **** ** **** **** control *** ****** ** **** ****** in *** *** ** *** ************ because **** ****** *** ******* ** so ******. ****** *** ************* **** property ******** *** **** **** ** communal ****** *** *** **** ******* day-to-day ******.

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

** **** **, ****, *** ***** Council, *****'* ***** ************** *********, ****** a ******** ****** "************* ********** *** ******** *** ********* Old *************". **** ******** ********** ********* *** government's ************** ** ********** *** ***-**** neighborhoods ** ***** ** ****. *** document ******** ***** ***** ** ***********, from **** ** ***** ********. *** first **** ** "************" ************, ***** include *********** *** ******** **** ***** cause ****** ****** *** ****** *********' basic *****, **** ** ******* ***** and *******, ******, ********, ***********, ******* disposal, ***.

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*** ****** *********** ***** *** *** "completion" ************ ***, ******, "********". "**********" will ***** ** ****** ********* ****** efficient *** ******* *** ******* ****** environment, **** ****** *********, ***********, *** parking *********. "********" *** ** ******* residents' ******** ** ****** ** ****** the ************ "***********" *** ******** ** more ********* ******** **** ****** *******, preschools, *** ********** *****. ***********, *** state ******* ***** ******** ** * foundational *******. ********** *** ********* ******** in ***** ************* ** * *** priority.

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***** ********** *** ************* ** *** new *** *** **** ********* *** at ***** ** ***** ***,* ***** ************** ***** **** *** ********* **** a *** **** ************** ** ******** efforts. **** ***********, *** *** ***** expand **** ***** ***** "**********" ** previous ***** **** *********** ** *****, foundational ***********. *** ******* ******* **** be **** ******-** ****** **** ***-****, as **** ****, ********* *** ********** (and ********) ** **** *** **** in ****** **** ***** ** ** done. *******, ******* ********* **** ** expected ** **** ******, **** **** also ** ******** ** ********** *****, especially *** ***** ********, ***-************ ***********. Previously, *** ****** **** *** **** the ******** ** *******, *** *** State ******* **** **** **** ** financing ** *** ***********.

Renovations *****

***** ******* ********** *********** **** ****** over *** ******* ******. ********* ** the ***** *******'* ************, ***** *** ~220,000 ***-***** ************* **********. **** ****** ~39 ******* ******** **********. ******** **** household *** ** ******* ** * people, **** ***** ****** **** **** 100 ******* ****** ** ~*/** ** the ****** **********. *********** **** *** testing ***** **** ******* **** ******* starting ** ****. ******** *****-** ******* renovations ** **** **** *** **** 2020, *** ***** ******* **** **** has ****** **** ** *** **** they *** ********* ** ***** ******** to ******** *** ***-**** ************* **** the **** * *****.

Renovations ********

***** ******** ** ************ ********* *** all ***,*** ************* **** ***** $*-** Billion *** **** * *****, ******* the ***** ******** *** ********** ******** Associaton (*****), * ***** *********** ******* by *** ******** ** ****** ******** of *****. **** ********* **** ****** to ** ** *** ****** ***, between $*-** ******* ***. *** ****** global ************ ****** ** $** ******* USD, ** ***** **** ***** *********** alone ***** ******** *** ****** ** 10%. ** ****, ********* *** *****'* annual ******** ****~$*.* **********~$*.* ******* ***, ************. ******** ***** *********** ***** also ******* **** **** *********' ****** revenues.

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***** ******** ** *** *********** ** currently ** ***** $** ******* ***. However, **** ******** ************** *** ******* improvements ***, ** ******** **** **** be * **** ** *** ********. The ***** ******* ******** **** *** budget *** **,*** ************* *** ** billion *** (~$*.* ******* ***) ** 2019. ** ****, *** ****** ** neighborhoods ********* *** ********** ******* ** 39,000 ************* ** *** ****** **** roughly ******* ** **.* ******* *** (~$7.7 ******* ***). ** **** **********, to ******** *** ********* ~***,*** *************, the ***** ******* ***** ********** ****** another ~$** ******* *** **** *** next * *****.

********** *** **** *********** **** **** taken ***** ***** $** ******* *** ** loans**** ***** *********** **** *** ***** Construction ****. ***** *********** **** ******** 261 ******* *** ($** ******* ***) for * *********' ********** ******* ***** China ************ **** **** *** ******* RMB ($** ******* ***) ** * cities.

***** *** ***** ******* *** **** clear **** ********* **** **** ** reasonably **********, *** ******* ********** **** give ******* ********** ** ***** ******** and *** ***-****** *******. ***** *** central **********'* ********** ** ****** *** basic ********, ***** ******** ******** ************ and ************, *** ************ ******** *** be **** ******* **** ***** ***** will ** **** ***********.

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

********** *********** **** **** ********** ******** on ************ ********* ** ** ********** project *** ************ ********* ** ** involved **. ******,********************* ******* **************** ******** ***** ********** how ***** ********* *** ** ******* in ***********. ******* ******* ** ******* out *** ******** ******** ******** ** renovating *** *************. ******, **** *** depending ** ***** ******* ********* ******* lines.

**** ***** ******* ******* ****** ******* and ********* ***** ***** ** *** to "******* ************* ****". *** *******, both ********* *** ***** ******** ********** access ******* ******* ** *** ********* where ********* *** **** ** ***** and ***** ******* ****** ***********, ******* of ******** ****** *****. *********** ********* would **** ** * ******* ********* new *****-** *****.

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***** ** * **** ***** ** analytics **** ***** ***** **** ********* and ******** ********** ** ********* ******** were ** ** ********. ******* ***** offer ********* **** *** ****** ***********, falling *******, **** **** ***** **** lanes, *** **** ***** ********** ** security ****** *** **** **** ***** posts *** *** ****. ********* **** also ** **** ** ******* ********** such ** ******** **** *****. ***** 2019, ***** *** **** ******* ************* ***** ********* ******* *************** ******** *********. ********* and *****'* ********* **** ***** ** issue ****** ** ********* *** ****** throwing ***** **** *** ***** ***.

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*********'* **** ***** * ******* ** all **** ******** ***** **** ********* can ** ********* ** **** ** entire ************ **** **** *** "***********". This ******** *******, ********** *********, ******** gates, *********, ***** *********, *** ***** platforms *** *************.

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*********'* **** ******* ********** ***** ***** services ** "*******" *********' ***-**-*** ************. For *******, ********* ****** ** *** for ********* ** **** *** ********, remotely ****** *****, *** **** ** guests *** **** ***** ******. ********* already ****** * ********* ********** ******** called********** **********. ********** ********** ** ********* **** most ***** ********** ********* ******* ******** ** *** ************ ******** *** residents *** ******* *** ******** ********** while ****** *** *** *** *** both *******,********* ** *********. ****** ******** **** for **** ******* **** ********** **** property ********** ** **** ********* ** handling ******** *** ****** *** *********** of ********* *********.

*****'* **** ************ ****** ***** ***** ********, ******** *** **** *** *** elaborate ******* ** ******* **** ******** products ***** ***** ****** ** *** in *** ***********.

**** *** ***** ** ********** **** these ************ ******* **** ** **** into *****'*"***** ****" ******, *** **** ********** ***** ** possible ** *** ******.

Opportunities *** *****

*** ********* ************* *** ********* *** Dahua *** ***********. *** ****** *** renovations ******* ************ ********* *** ******** is ** *** ******** ** *******. This **** *** *** **** **** into ******* ****-**** *********** **** *** the ******** *********** ** *********.

*******, ********* *** ***** **** *****, too. **** ** ***** *** ************* have ****-********** ******* ***************. ** ********* and *****'* ***** ******* ****** ********** devices **** **** ** ** ************** and ******* *********** *********, *** ************* may *** ** **** ** ******* the ******** ****** *** ***** **** complex ******* ** ***** ** ***** jobs. *************** **************, *** ** *********'* and *****'* *******, *** ******* **** players **** ***** ******* *** ********* benefits ** ***** ********. *******, *** central ********** *** ********* ** ************ security, *** ****** *** *********** ******** like ****** *********** *** ****** ******* and ******** ******* ***** *** ***** priority ***** ** "********". ******* ** not ********* *** ***** *** ***** sell ***** ****** **** ***** ******* on, ****, *** **** *** **********'* but **** *** *********' *********** ** pay.

Comments (3)

great initiative, good luck to all involved.

I live in a 40 year old building myself, and the neighbors are all too stingy to contribute anything to making it look nicer.

Agree
Disagree
Informative
Unhelpful
Funny

Excellent article, Isabella! Dahua and Hikvision will have far more cash on hand to fund expansion and acquisitions if these plans do come to fruition and the corresponding earnings are realized!

Agree
Disagree
Informative
Unhelpful
Funny

NSA should take a page out of this book. Spying and stealing data from citizens under the guise of a neighborhood renovation.

Agree
Disagree
Informative
Unhelpful
Funny
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