Uniview Americas Sales Surge + 2021 Financials

By Isabella Cheng, Published Apr 13, 2022, 11:46am EDT (Info+)

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.

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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 ******* ***:

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******* ******* ** ***** *********, * ***** ******* *******, ** 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~**% ** *********** **** ********.

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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 ** *****.

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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 **** *****.

Comments (3)

***** *****. ** ******.

Agree: 3
Disagree: 1
Informative: 1
Unhelpful: 5
Funny: 1

**’* * ***** *****. ******* *** taken *** ***** ** ********* ** Dahua ** *** **** ** *** “good, ******, ****” ****. ***** * worry ***** ********** *** ********** *******, only ** **** ***** **** ******** cameras ******* **** ********** **** ****** legislation.

Agree: 7
Disagree
Informative: 1
Unhelpful
Funny

*****, * **** *** ****** * client *** *** * ***** *** deployment *** ******* *** *********/**** ******** reservations, **** **** ******** **** **. This **** ****** * *** *** replace.

Agree
Disagree
Informative: 1
Unhelpful
Funny
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