Hytera Company Profile

By Isabella Cheng, Published May 25, 2021, 09:51am EDT

Hytera, a China communications manufacturer, is the least well-known of the 5 NDAA-banned companies. Who is Hytera?

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In this report, IPVM examines:

  • Hytera's background
  • 2020 financials
  • Financial challenges for Hytera
  • Domestic v. overseas sales
  • International expansion plans
  • Shareholder structure
  • Collaboration with China Ministry of Public Security
  • CEO comments: US ban of China products and protection of radio market
  • Ongoing litigation against Motorola Solutions

Executive *******

******** * ********, ***** communications ************, **** ***** for *** ******, **** ~$1 ******* *** ** annual *******, *** ******* in *****. *** ******* already *** **% ** its ******* **** ******** sales **** ********* ** Belt *** **** *********, Europe *** ***** ******* planned. *******, *** ******* faces ********** ** *** United ****** ** ** is ****** ** *** NDAA *** *** **** in ********** *** ***** with ******** ********* *** sued ****** *** ***** secret **************** *** ********* infringement. ************, *** *******'* CEO, **** ********, ******** the ** *** ** China ******** **** **** be * *****-**** *****.

Financial ********** *** ******

****** ***** ** ********* who ****** ****** *** profit ******* *** *************** favorable **********, ****** *** weak ** ********** ******* (sub *.*%) *** * poor ********* (**** **** 1.5x *******).

Hytera ********

******, ************* ** ********, China, *** *********** ** 1993 ** "******** *** Technology **., ***," * manufacturer ** ************ ****** radios. ******* ****** *********** *** **** ******** as "********** ******* ******* products" ********* ***, *****, and *** ********* (*.*. radios), **/** ********* ********, and ******* *** ******** communications *********. ****** ********* "public ******, ********** ********* response, **** *******, ******, and ********** ***" ** its *** **********.

** ****, *** ******* "initiated * ****** ***** strategy" *** ********* *** company **** "***" ** "Hytera." ** ****, *** company ****** ** *** Shenzhen ***** ********. *** company's ******* ****** ************** is ~$*.* ******* ***.

****** ********* *** ~*,*** employees *********. *******, ** 2020, ****** ************* ********* its ********* ** ~**% (over *,*** ******), ********* to ******* ** *** annual ******.

**********'* ************* ** *** "**** than *** ******* *********" and ***** *** ******* owns * ****** ** sub-brands, ***************** *** ** (***** terminals),*********** ***** (***** *** rail *******),******(********* **************) ***********(***** *******) ** ******.

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2020 ******* *** *******

****** ******** ~$*** ******* USD ** ******* *** 2020, **** **% **** ~$1.21 ******* ** ****.

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*** ****** ****** ********* that ********** ******* *** largely *** ** *** COVID ********:

*** **** ******* ******* communication ******** ******* ****** a ***** ******* *** to *** ***** ** bidding *** **** ********, and ******(********** ************* *******) *** modified ******* ********** **** affected ** *** ********'* procurement ****, ********* ** a ***** ****-**-**** ******* in ***** *******.

2021 ** ******* *****

******'* ******* **** ** Q1 **** (*** ******* RMB *******) ** **%, compared ** ***** *** Hikvision ***** **** **%+ in ** ****. ****** says **** ** ******* Q1 **** (*.* ******* RMB *******) *** ** 40% ****** ** ******* projects ***** ********** ** that ******* **** *** been ********. *******, **** comparing ** **** ** Q1 ****, ******* *** still **** **% (**** 1.1 ******* *** ** Q1 **** ** *** million *** ** ** 2021).

Poor *******

********, ****** *** *** extremely *** *** ******* in **** (*%) *** 2020 (*.*%). ** ******* ****** ******, ****** ********* **** large ******** **** **** 2 *******:

*** ******* *** *** significant ******* ** *** profit ****** *******:

  1. ******* ** ******* ******* structure, ****** ****** (********** ************* ********) business*********** *** ************ ** * ****** rate, ***** ******** ** a ******** ** *** comprehensive ***** ****** ** products。
  2. ********** ***** ******* *** stage ** ********* *********** and ***-*****, ********* ** a *********** ******** ** attorney **** ****-**-****.

**** ****** *** **** plunge, ******'* *** ******* were *** ******** ** Dahua *** *********:

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********* ** ******* ****** ******, ******'* **** *** margins ****** *** ** increased *&* *****, *****, and ********* *****, *** an ********* **** ****** to ******* "************, **************, and ***** **********." **** was *** **** ****** acquired ****** *** ******.

Hytera ***** ****

****** *** ************ **** profitability *** ********** ******* revenue, ***** ******* ** a *** ********* *** the ******* (~$*.* ******* USD ********* ******* ***** ~$1 ******* ** *******).

*** *******'* ***** ****** in ******** **** ****** plunging ** ***** ****. Its ***** *** ****** to *******. ********* ** a******** **** ***** ********** Network *******, ******'* *** ****** decrease ** ~**% ** 2017 (******** ** ***** 2018), ** **** ** the *********** ** * Hytera ********* ** ******** 2017, *********** ************* ** this *********** **** ** stock *****.

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Domestic *. ******** *********

~**% ** ******'* ******* comes **** ******** ***** compared ** ~**% **** domestically. **** ********* **** the **** ***** *** is ** **** **** Hytera's ******* ***** ** expanding *** ************* ******** by ************ ************ ** purchasing ******** *********.

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******** ******** **** * higher ***** ****** ******** to ******** ********, ~**% compared ** **%.

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Hytera ** ******** **********

**** ********* ******'* ****** US ******* ** ** in *** *** *** of ******** ** *******, given ********** **** *** NDAA *** *** ******** lawsuit. ********* *** ****** ***** *********** ****** ****, ***** on ** ********* **** Hytera's ***, ~*% ** Hytera's ******* ***** **** the **. *** ******* currently **** **** * system ** ******* ****** the **. *******, ******'* radios *** *** ********* used ** ****** ******, and ******* ** ******* commercial **** **** ** in *******, *********, *** assisted ****** **********, * few ****** ** ******* shared **** ****.

******** ***** $* ******* in ********** ********* ****-****

*******, ******** ****** $*+ million *** ** ********** money *** **** ***** on ****** ******** **** the **** *-* *****, totaling *,***+ *********. *** most ********** ******** ******** a $***,***+ ******** ** the ********** ** ******* in **** ** ****** radios (****** **-****).

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*** **** ******** ********* of ****** ******** ********* to ******** ******** ***, * ****** ******** in ******** ******, *****.

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*** **********, ******** ***** ~$13.5 ******* *** ***** on ********* ********* ***** government ***** ** *** same ******.

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*****, * *********** ****** of ********** ***** ** being ***** ** ****** products, ***** ** ********** given *** ****** ** the **** *** ****.

"Continuous ************* *********" *******

****** *** *** **** set ** ******* ************* expansion, ******* ******* ************ in ********* **** ** Brazil, *** **, *********, Indonesia, *******, *** *** US. ** *** **** recent ****** ******, *** company ***** **** ** will ***** ** "********** global *********" **** *** next * ***** ** become "*** *****'* **** trusted ******** ** ********* communications *** *********":

** *** **** ***** years, *** ******* **** adopt * ****** ******** of ****** ** ***** and ********** ****** *********, based ** *** ******** advantageous ********** *** *******, deepening *** ******** ****-*** industry ******, ***** ******** as *** ******** **********, expanding ******** *** ******** targeted ********** *** ********* markets ** ********* *********, strengthening *** ********* ********** of ***** ********, ********* project ************* ** *** areas, ********** *** ****** dedicated ************** ****** ***** and ****** *****, ***becoming *** *****'* **** ******* ******** ** ********* ************** *** *********. [emphasis added]

***** ******* **** ******** and ****** ***** *** down *** ****, ****** singled *** ****** ** Europe, ***** *******, *** among **** *** **** countries:

******** ******** ** *** context ** *** ****** of *** ********, ****** to ******* *******-***** ******, Sepura *********** *** * record ****, ** ******* consolidate *** ****** ******** field ** ******* ******* position; ***** ******* ********* to ***********, ** ******* high-end ******** *************, *** reserve * **** **** of ******* *********; ***** the **** *** **** countries ******** ** ******, around ***** ******** *** key ******* ** ******* project ******** *******, *** a ****** ** ******** operators ** ******* *** product ******** ***********. .

Shareholder *********

****** ** ********-***** (**.**%) by **** ********, *** founder *** *** ** the *******. ***** ****** shareholders, ********* ********** ***** and *** **********, **** hold * **** ***** portion ** *** *******, ranging **** 1.75% ****. ***** ************ include:

  • ****** ************** **., ***.-***** Employee ***** ******** ****: 1.75%
  • **** **** ********** ******** Co., ***.: *.**%
  • *** ***** (*** ****'* wife): *.**%
  • ************ **** ** ***** Limited-Southern ******** ****** ******** Allocation ****** ********** ********** Fund: *.**%

Collaboration **** ***** ******** ** ****** ********

****** ********* ************ **** the ******** ** ****** Security ** ***** ** it ***** ******** *****-******** products. ** *** **** annual ******, ****** ***** that *** ******* "****** most ** *** ********** and ********* ****** ******** users **********" ****** *****:

** *****, *** ******* has * **** ****** share ** *** ****** security ********, ******** **** of *** ********** *** municipal ****** ******** ***** nationwide, *** ** ******** increasing *** ****** ***** in *** **************, ******, industrial *** ********** **********.

*** ******* ********** * dozen "******** **** *******" with ******* ***** ****** security ******, ********* **********"** ****** *** *********** systems" ** *********** ************* ****** ******** departments ** ****** (************ ******* ********) standard. *** ** * China-specific ********, *** ****** was*** ** *** ******** members ** *** *** Industry ***********. *** *******, ****** has ******** ****** ******** units **********,*********, *********"*******" ** *** *******.

1 ** * **** ****** *********

****** ** *** ** the * ***** ********* named ** *** **** ban, ********* ********* *** Dahua ** *** ***** surveillance ********. ** ***** 2021, *** ** ******* ******** * ****** notice******* *** * ********* are "****** ** **** an ************ **** ** the ******** ******** ** the ****** ******."

Hytera ***: "** *** ** ***** ******** ** **** *****-****"

*** "** *** ** China ******** ** **** short-term," ******'* ******* *** ****** ******* ****** ****. ***** he ******** **** *** US **** ********** *** on ********* **** **** a ****** ****** ** Hytera, **** **** "*** loss ** *** *****" and **** ****** ***** focus ** *** ********** market ** *** ** instead.

**** ******* **** **** China ********* ********** ** the ** ****** *** feel **** *** ***** "suppressed ** *******," *** instead, ****** ** ********* in ***** ******** *** ability ** *******:

** * *******, ********* from *** ****** ****** should *** **** ***** companies **** **********, *******, or *****. ** *** past, **** ** **** impoverished, ** ***** **** up *** ******** *** American ******* *** ******* all *** ********. *** that ***** *** **** good ******** *** ************, losing * *** ** not * *** ****. It's ******* ********. *** should **** ** ***** with ******, ****** ********, and **** ******** ****** in *** *******.

"US ********** ******** ******** ***** ******"

***** **** ******** ********** companies ****** *** ******** about ***** "********** ** bullied," ****** ****** **** the "** ********** ******** the ******** ***** ******." The **** ****** ***** article ******** ******'* ** business ** *% ** total ******* (~$** *******), explaining **** ********** ***** amount ** *** ** US ********** ** *** market. **** ******* **** this ********** ***** "**** companies **** *** **** to ************ **********":

********** ********* *** *********' money. **** ********* ******** the **** ** ********* and *** **** * waste ** *********' *****. A ****** ****** **** only **** ********* **** and **** ** ************ innovation. * ******* **** the ******** *** ** the ****** ****** ** in *** ***** ****, they ***'* ** ** for * **** ****.

Anti-Trust ******* ******* ******** *********

******** ****** *** *** point *** ***** ******** brands **** **** *** supposed ********** ********** ** the ****** ** *** Global ***** *******, *** annual ****** ****** *** company ** ********* ** litigation ******* "******* **********" Motorola ********* *** "****** competition" *** "****** ********". This **** *** ***** in ******** **** **** ******* **** **************** ******** ********* * monopoly *** ****** ** customers ** *** ******** prices:

****** ******* ******* **** Motorola ********* ********* *** monopoly *** ******** *** inflated ****** ** *** US ** ******** ** a ************ ****** **** includes ******* *** ******* to **** ******'* ********, leveraging *** ********* ** the ** ****** ****** market ** ****** ******** of *****, **** ********* technologies **** ** *** US, *** ******** ** a ****** ******* ** sham ********** ** ****** Hytera *** ********* **** its ************* **** ******* and *********.

IP ********** ******* ******** *********

***** **** *** ****-***** lawsuit, ****** ** ******** in ******* ********** ******* Motorola ********* **** ************ property. * **** ** February **** ******* ** favor ** ******** ********* in * ******* **** IP *** *** (******* mobile *****) ********, ******** Motorola $***.* ******* ** compensatory *** ******** *******, which *** ***** ******* to $***.* ******* ** the *****. ** * result ** ***** *******, Hytera's ** ************* *** ******* ** bankruptcy ** *** ******* **** ***** **** restructured **** "****** **".

*******, ******** *** ****** have **** ***** **** engaged ** ****-***** *******, and ******** *** *** yet ******** *** *******. IPVM **** ** ********** the **** ** ** upcoming ****** ** *******.

Comments (6)

********, **** ****! ******** has * ****** ******** that ********, **** ** step *** ****** ** the ****** / ******** lawsuit. ***** *** **** very *********** *********** **** and ******* ****** **** I ***** **** ** informative ** *** ********* do ********.

Agree: 1
Disagree
Informative: 3
Unhelpful
Funny

*** ***** *’* *** entirely ***** ***** ***** reading ******** *** **** in-depth ******* ** *** company ****** **:

*** ******?

***, ****’** **********************, *** **** ***’* seem ** ** *********** *******, ********* ******* ** the ****** ** ******. Nor ** ********** ********* alleged.

**** *** *** ************** national ******** ****** **** they ***** **** *********** them **** *** **** other ******* ************ *** networking ******** **** **** exalted ****?

Agree
Disagree
Informative
Unhelpful
Funny

* ***** **** ****** is *** ******* **** the ****** *** ***** addition ** *** **** seems ** **** *********** others **** ***** ****** on **** **** ** well. *******, ******* *** research, ** **** ***'* know ****** *** ***** the *******'* ******* ** determine *** **** **** included ** **** ****** they ****/** *** ****.

*********, ** * *** more **** ******, *'** have * ****** ****** for ***.

Agree: 1
Disagree
Informative: 1
Unhelpful
Funny

********* **** ******* ***** on ****. ****, **** at *** *** *** touch ****** ****** **** network **********.

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Agree: 1
Disagree
Informative: 2
Unhelpful
Funny

***** *** ********* ******* I ***** ********** *** a ******* ******* ***** systems ** "******* ******** Communications", ******* * ****** eyebrows **** ** ********** officials, *** ******** ********* especially **** ***** ******* closely ***** * *** of *&* ******** **** Motorola *********. ******** ** Motorola ******* *'* **** the ****** ******* *** much *******, ***** *** pricing ** ********* ******* compared ** *** ** Axis ** ******** ******. Banning **** ***** ***** as * ********* *** smaller ************** ****** ** save * **** ******* investigating *** * **** product ** *******.

** ******* ****** ********* a *** ** ***** systems *** ** ****** connected ** *** ********, which ****** *** ********, but ** *** **** time *** **** * plethora ** *****.

Agree: 1
Disagree
Informative: 1
Unhelpful
Funny

**** *** ***** * paragraph ** *** ******** post ********** ******'* ******* and ***** ** *** United ******:

Hytera ** ******** **********

**** ********* ******'* ** revenue ** ** ** the *** *** ** millions ** *******, ***** challenges **** *** **** ban *** ******** *******. According *** ****** ***** *********** ****** ****, ***** on ** ********* **** Hytera's ***, ~*% ** Hytera's ******* ***** **** the **. *** ******* currently **** **** * system ** ******* ****** the **. *******, ******'* radios *** *** ********* used ** ****** ******, and ******* ** ******* commercial **** **** ** in *******, *********, *** assisted ****** **********, * few ****** ** ******* shared **** ****.

**** *** **** ***** a ******* **** ******** government ******** ** ****** products **** *** **** 5-6 *****, ******** ~$* million ***. *** **** concerning ******** ******** *** from *** ********** ** Defense ** ****, *** a ***** ****** ******** is * ******** ********* of ****** ******** ***** government *****. **** ** concerning ** ****** ** an ****-****** *******.

Agree
Disagree
Informative
Unhelpful
Funny
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