Uniview Americas Sales Surge + 2021 Financials
While Uniview's bigger domestic rivals Dahua and Hikvision are challenged in the USA with the NDAA and impending FCC bans, Uniview, who is not, is surging.
In this post, we examined Uniview's 2021 financial disclosures and comments made to investors, including:
- Revenue and profits
- Uniview domestic and global ranking
- Strong growth in the Americas
- Overseas revenue growth
- Domestic growth examined
- Margins decreasing and reasoning
- Comparison to competitors Hikvision and Dahua
- Shifting from security to "AIoT"
- Supply chain comments
Revenue ** **.**%, ******* *********
*******'* **** ******* ** ** **.**% YoY ** ~$*** ******* ***. *******, profits *** ********* (-*.**% ***) ** ~$88 ******* ***:
******* ******* ** ***** *********, * ***** ******* *******, ** 2017, ** *** *******'* ********** *** reported ** * ***** ******* ***********'* **** **********.
Self-Proclaimed #* ********, ******** #*
******* ** "*** ** *** *** 3 ***" ********* ** ***** *** "4th ** *** *****," *********'* ********** state.
****** ********* *** ***** *** **** larger **** *******, **** ********* ~*** the **** ** ******* *** ***** ~5x ******. **** ***** ~$*+ ******* USD ******* ********, ** ** ***** sense **** ******* ****** ** ** "4th ** *** *****."
Strong **% ******** ******
******* ** *** ******** **** **% in ****, ********* **** **** ****** ********* *&* ******* **** on ***** **, ****. *******, *** ******* *** *** disclose *** ****** ******** *******. ** estimate ** **** ***** ** ** $50+ ******* *** **** ******* ********* to **** ******** ** *** ****** States.
****** ** *** ******** *** **** than ****** ******* ************* ****** ***** was ~**% ***. ******** ****** *** ~10% ***.
******* *** **** ***** **** ** the ** ******* ** ******* ******, **** ********, ********* ********* ****** ******** ** **** ***** *** Hikvision ******** ********* ******* ** ** alternative. ****'**** ************* ******* *** ****** ********** ******* *** * ****** ****** amongst ********** ***** **** **** ****.
Overseas ******* *******
******** ******* ** ******* ** * proportion ** *******'* ***** *******. ** 2021, ******'* ******** ******* *** ~*** million ***.
***, ~**% ** *******'* ******* ***** from ******** *****. ** *** *** of ****, ~**% ** ***** ******* was ************ ** ******** *****, ******** to *** ****, **** ******* **** about~**% ** *********** **** ********.
Domestic ****** ***** ****, ********** ***** ***** **.*%
************, *** (****** ******** *****, *.*., government *****) ***** **** **** ***** EBG (********** ******** *****) ***** **** up **.*%, ********* *** ***** **, **** ******** ****. ******* *** *** ******* ******* on *** *** *** ***** **** flat. *** **********, ********* ******** ***** PBG ****** ** **.**% ** ** 2021, ***** ***** ******** ~**% ****** in *** *** *****.
Margins ******** ***** *** ** ***** ****** ****
*******'* ***** ******* ****, ***** *** partially ******* *** ******* ****, *** profits **** *********. ******** ***** ****** margins ********* *.** ********** ****** **** 36.87% ** **** ** **.**% ** 2021.
**** ******** ** ****** *** ** the *** ** *** ***** ****** boom, ***** ******** ***** ******* ********** 2020. *** *******, ** **** ******** gross ******* **** **** ******, ** 37.92%.
******** *** ***** ***** ***** ******* by ******** ********* (******** *** ********) for *** ******** ** *********, ****** all ** *********'* ******** ******* ***** from *******'* ******** **********. ********* ******* on********* ***** ************** ********* ** **** China*** *** ******, ** ***, ********** outside ** *****.
Comparison ** ********* *** *****
** ******** ***** ********* *** ****** *&**** *** *******'* ****** **** ** "far ****" **** ******** ** ********* rivals ********* *** *****. ******* ********* that ** ********* *********** ** **** to "****** ********" ***** ***** ******* in *** ***** *** *** **** be ******** ** *** **** ***:
****** *** ********* ******, *** ********* investment ** *&* **** *** ********* channels *** *** ** * ******** in ****** ******, *** ** ** beneficial ** *** ****-**** ****** *** competitiveness ** *** *******.
******* **** ******** ** ****** ********* and ***** ** "*******":
** **** ******** ** **** ******* in **** **** *** *********** ******** to ****** *** *** *************** *** characteristics ******** ** *** *******.
********* *** ***** **** *** *** released ***** ****-**** **** **********.********* ***** **** ****** ** ** 2021, ******* ******* *** ******* **%, led ** *** ******** ******.*****'* ** **** ******* **** **** strong, ******* ** **% *** *** profits ** **%.
Shift **** ******** ** ****
******* ** *** ************ ****** ** an "*********** ***" (** ****) ******* rather **** * ******** *******,* ****** **** ***.***, * ***** ******** ***********, ********:
** **** ****** ******, ***** ** a *********** ******, **** **, *** word "********" ** **** ** ****, and ** ** ******** **"intelligent ******** ** ******". The wording mentions "safety" but not "security".
******, *** ******* ********** ******* ** Uniview ** *** ********* ****** ********** calls ********* ** **** *******, ****** than * ******** *******:
******* ** * *****-******* **** (********** Intelligence) *******. *** ******* ** * leading ****** ******** ** **** (********** Intelligence, ***) ********, *********, *** ****-***** capabilities, **** *********, ******* ************, *** product ********** ** *** ****, *** continuously ********** ** *** ***** ********** products.
*** ***** ** ******** ********* ******* themselves ** **** ** *******, ** there ** ****** ****** *** ********** in ************ ********. *** ***.*** ******* acknowledges ****, *******:
******** *** ****** * ******** ****** of ****. **** ** *********** **** point *** *********** **** * ******* market ***** *** *******.
Comments ** ****** *****
******* ********* ********* **** *** ****** chain ** ******. *****, ** ******** to ** ******** ******** ***** **** supply, ******* ****:
*** ******* ******** ***** ********** ** supply ***** ********, ************ ********* ******, as **** ** * *****-******* ****** environment. *** ******* **** ******* *** eased *** ********* ***** **** ******** prices *** ******** ** ***** * slow ******* *****.
******* ******** *** ********* ***** *** possible ****** ********* ******** ***** ******** *** ************* **** ** *******'* **********. *******, Uniview **** *** ********** ** ****** in ******** ******** *** ***** *** be ************* ********:
*******'* ********** **** ** ****** ** Tongxiang, ******** ********, *** *** *** received *** *********** ****** **** *** epidemic. *** ****** ***** ** *** very ******** ** *** ******** ** Shanghai, *** ** **** ********* ******** in **** *****.
**’* * ***** *****. ******* *** taken *** ***** ** ********* ** Dahua ** *** **** ** *** “good, ******, ****” ****. ***** * worry ***** ********** *** ********** *******, only ** **** ***** **** ******** cameras ******* **** ********** **** ****** legislation.
*****, * **** *** ****** * client *** *** * ***** *** deployment *** ******* *** *********/**** ******** reservations, **** **** ******** **** **. This **** ****** * *** *** replace.
***** *****. ** ******.