Background ********
******** ** * **/***** ***** surveillance ************ ************* ** New ******, ***. ***** relatively *******, ** **** **** $*.* ******* USD *** ** **** and ****** $*** ******* USD ** **** , ***** ** ********* large *** *** ***** surveillance ********. ******** *** since ************* , * ***** ****** to ***-**** ************, ******** , ****-**** *** ********. IPVM *** ********** ******** on ********'************ ** ******** *** ****** *********** *********** , ******** ********** ********, which ** ***** ** the *** **********.
Strategy *** ******** ******** - ******** ***
********'* ********** ********* ** IPVM *** **** *** evolving ***** ******** ** be **** ** * complete *** ********* ********:
********’* ******* ******* **** video ************ ** ***** has ********* **** *** years, ** ** ***** our ***** ** ******* marketing *** *********** ******* integration.
[** ******* ***********] ** see * ***** *********** in *********** ********** ******* building *** ********* * complete ******** **** ********** Internet ** ****** ********. Smart **** ******** *** the **** *********** *** this ********, ** ***** Infinova ******** ********, ********, systems ***********, *** *****-***** services ***** *** ****** is ************.
Revenue **** **% ***, *** **** ********* ***
** **** ***** **** down **.**% *** ** $246 ******* *** (******* below *** ** ******* RMB):
******** ******** * *** loss ** **.* ******* RMB (~$** ******* ***), which ** ****** **-**** its *** **** ** H1 ****. ********* ** Infinova's ******* ******, *** net **** ** ****** caused ** *** ********, which ******** ******* ***** and ******* ******** ** projects.
Video ************ ******** *********
** *** ***** ***** shows, ********-******* ***** ****, while ********-******* ***** ****** moderately *** *****-******* ******** video ************ **** *******:
Profitability ********* ********
************* ********* *** *** new *** ********. ** IPVM ******** **********, ***** Infinova's ******* *** ***** significantly, *********** **** ***** $** million ** **** ** about $*** ******* ** 2018 , **** ****** ***** from *** ************ ** already ******** ***** ****** than ********'* ****** ** its *** ***** ************ sales. ****** ********** ***** manufacturers ********* *** *****, Infinova *** ********* ** turn * ****** ** recent *****, **** ****** its ******** **** *****.
** ** ****, *** but * ** ********'* 6 ************ *** *** losses. ***** *********** , * ******* ********* company, **** *** **** ones ** **** **** a ******** ******, ******** both ********* ***** ******** to **** ****.
* **** ***, ********'* subsidiaries **** ********** ******. In ** ****, ***** and ******** ************ **** the **** * ************ who *** *** ******. While ***** ** ***** losing ***** ** ****, likely ******* *** ******** industry ** ***********, *** net ****** **** ******** decreased. ** ********, ******** Intelligence *** ****** ******* its ****** ** *** last ****.
March ******** ********
***** ******** ********** ** IPVM **** *** *** laid ****** *** *** that **** **** **** investing ******* ********* **** NDAA ********* ********:
*** ***** ********, **** most ****** ** *** industry, *** ** *** line ******* *** ******** impacted ** *****-**. ******* the ******* ******, ***** Networks *** ********** *** the ** ****. ************, we **** *** ********** or **** *** *** employees ** * ****** of ***** *** **** continued ** ****** ******* in *&* *** *** product ********. *** ****** launch ** *** **** compliant *-****** **** ** a ***** ***** ** these *******.
Majority ** ******* ***** **** ******* *********, *** ***** ************
***** ******** ************ *** video ************ *******, *** majority ** *** ******* now ***** **** ******* marketing, ** ***** *****:
***** ******** ** ******** in **** **% ** all ********'* *******, ** brings ** ****** ******. Infinova's ***** ************ ******** had **% ***** ******* while *** ******* ********* business *** **** *% gross *******.
Domestic ***** **** **% *******, ******** ***** **** *%
********'* ******** *** ******** sales **** **** **% and *%, ************. ***** shrinking ******** ******** *** also ******** ** ******** giants ********* *** *****,********* ******** '* ******** ********** *** a *% ****** ** H1 ****. ***** ****** sales ***** **** ******** growth, ******* ******** ******* to ****** *******.
***** ******** ** **** offering ***** *******, **** have *** *** *** same ***** ******* ** their ******** ******. ********, at ****** **** ******** **** , **** ********* **** the ******* *** **** offering * ***** ****** solution, *** *** *********** ******* ** ** its *** "**-***** **** temperature ***** ******* *******" ** *****. *******, ********'* International ********* *** ******* structure ** ******* **** the ***** ** ***** and *********.
Current ******** *** ***** *********** ** **
***, * ***** ******** industry ***********, ********* ***** ********'* *********** in ** , ****** ********'* ******** of ******** **** ** the **** ****** ** revenue *** *** ******* later **** ****.
*** *******, ** ****, Infinova *** * *** for *** "**** ***** Cloud ***** ** *********" project, ***** *** ******* RMB (~$** ******* ***). Peng ***** **********'* **** is ** "***** * national-level ***** ****-****** ******** for ********** ************", *** Infinova **** **** ********** ***** ********** '* ******* ************** ** better ******* ** ********. CPS ****** *** **** this ** * ********** short-term ******* ******* **** 60 **** *** ******** will ****** ********* ******* at *** *** ** the ** ****. $** million *** **** **** one ******* ** ******* 1/5 ** ********'* ** 2020 *******.
*** **** ******* ******** has *** **** ** help ***** *** ****** ***** ***'* *** campuses *** ***** "***** **** " *** ******** ******* ****** in ******* , ****** ********. ********, these **** *** ***** another *** ******* *** (~$20 ******* ***).
Infinova ***** ****** **** *** *** **** ****
********'* ******* ***** *****, 4.88 **** *** *****, is ************* ***** *** peak ***** ** ****, when *** ***** *** 15.19 **** *** *****. While ****** ** $*.* billion *** ** *** 2011 ***, ********'* ******* market ************** ** ~$*** million ***. ******* *** explosion ** *** *** video ************ ******, *** company's ********* *** ********* in *** **** ******.
*******
******** *** ** ********** in ******** ***** **** projects ** * ****** and ***** ****** ****** China *** ******* ***** growth. *******, ** **** be *********** ** *** what, ** ********, **** do **** *****, * global ********-******* ********, *** March ********, * ***** American ******* / ****** focused ********.
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