Uniview H1 2020 Financials Examined

By Isabella Cheng, Published Sep 08, 2020, 10:01am EDT

While Dahua and Hikvision, helped by fever camera sales, are recovering from COVID-19 shocks, Uniview is still experiencing a sales and profit slow down.

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Uniview, the self-proclaimed "#3" in China video surveillance behind Dahua and Hikvision, was sold to China Transinfo, a smart traffic company, in 2017. While growth in recent years has been positive, sales and profit growth have both slowed due to the pandemic. This brings trouble for Uniview as it has an agreement with Transinfo to deliver a certain level of financial performance between 2017-2020.

In this post, we examine Uniview's H1 2020 financial disclosures and what this means for Uniview going forward, including:

  • Declining revenue and profits
  • Comparisons to leaders Dahua and Hikvision
  • Overseas sales growth led by fever cameras
  • Uncertainty in hitting 2020 profit goal

Revenue **** *.**%, *** ******* **** **.**%

** **** ******* ***** were **** *.**% *** to $*** ******* *** (figures ***** *** ** Chinese ***):

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******** *******'********** ****** ** *******.

** **** *** ******* were **** **.**% ** $27.5 ******* ***. ** H1 ****, ******* **** almost $** ******* *** in *******, *** **** in ** ****, ** almost ******* $** ******* USD ** *******.

Uniview *******

*******, ******* ******* ** our ********* ** ******** Jiaozhi ** ***** ********* results, ******* ***** ******* are ******** *** **** Jiaozhi ******** ***-******* *******.

** *** ***** ****,******* *** ******** ***** 2019 ********* *******(*.** ******* *** *******) and **** ******* ****** exactly **** ******* ******* ** ******** Jiaozhi(*.*** ******* ***). ** such, **** ******* **** Uniview's ******* *** *** same ** ********* *********** to *******.

Uniview's ******* ********* ******** ** ****** ***** *** *********

***** ******* / ******* had ** ********* ****** loss, ***** *** ********* had ****** *****. ***** Dahua *** ********* ********* in ** ****, **** have **** ********* ** Q2 ****** ** ***** camera *****. ** ** 2020, **** ********* ******** an ******** ** ****** growth ** ****** **%. Dahua's ** ******* ****** **.**% *** ** $195 ******* ***. *********'* ** ******* were** *.**% *** ** $660 ******* ***. ******* *** -**.**% decrease ** ******* *** down ** $**.* ******* USD.

*******'* -*.**% ******* ****** outperformed *****'* *** *** Hikvision's. *****'* ******* ************** *% ** $*.* billion ***, ***** *********'********** ******** (*.**%) ** $3.46 ******* ***. *******'* ***** ********* slightly, *** *** ***** are ***** ** *** hundreds ** ******** *****, which ** ************* ******* than *** ******** ** sales #* ********* *** #2 ***** *** *****.

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Overseas ***** ****** *** ** ***** ****** ******

*******'* ******** ***** *** also ******, ******* ** Hikvision *** *****'* ***********.

***** *** ***** ***** shows ******* ** ******** breakdown (******** *** ********) for *** ******** ** Transinfo. ****** *** ** Transinfo's ******** ******* ***** from *******'* ******** **********. Transinfo ******* *********** ***** ************** ********* in **** ******** *** ******, ** any, *********, ******* ** China.

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** *** ****, ******* said ******** ***** ***~*/* ** ***** *******. ** ** ****, closer ** */* ** Uniview's ***** ******* *** be ********** ** ******** sales, **** ******** *********. Transinfo's ** **** ****** shows * *********** ****** overseas, ****** **% ***. Again, *********'* ******** ***** can ****** *** ********** to *******, ** **** of **** ****** ****** came **** *******'* ******* fever ****** *****.

***** *******'* ******** ****** outpaces **** ** ********* and *****, ** ******* from * ***** ******** and *** **** **** to **** ****** *** pandemic. *******, *******'* ******** gross ****** ****** ** not ** ***** ** the ****** ** ********** point ******** **** ********* and ***** **** ***. Uniview ** **** ******* 1/10 *** ** ********* and */* *** **** of ***** **** ********* 2019 ****** *******.

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Uniview's ******* ** ******* ** ******* *** ******* ** **** *********

******* ** ** **** of ****** ********* ** undisclosed ****, ** **** is *** ***** **** they *** *** ** pace ** ******* *** profit ******* ******** ************* ******* *** ******** in ****. *** ***** below ***** **** ** year *** *** **** this ****:

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******* *************** ** ** ******** about ******* ** ****** goal ****** *** ******* is ******* ** **** advantage ** ************* ** domestic ********* ******** *** as *** ******** ******* controlled ********.

***** ******** *********** **** likely ***** ***** **** to *******'* ********** ********, it ** ******* ******* improving ******** ********** ******** will **** ** ****** Uniview's ***********. *******'* ******** revenue ****** ** ** 2020, *** **** *** largely *** ** ***** camera *****. ** *** epidemic ******** *** ***** camera ****** ******** ********, Uniview *** *** * reversal ** *** ******** markets *** **** ** harder ** ***** *** profit ****.

US ********* *******

***** ******* *********** ***** and ********* **** **** challenged ** *** **, Uniview *** *** ******** its ******** ************* ** the ****** ******. **** has **** ** *********** for **** ***** *********** but *******, *** ******* that *** *** ***** to **, *** *** sufficiently ***** ********* ** this.

Uniview's ****** *********** *** ***** **********

******* *** **** **** troubles ******* ** ******** ** ****** ********* chips*** *** ****** ********. US ********* ******* ****** have ***************** ***** *** ****** of ********* *****. ******* ******* **** HiSilicon **** ** ***** its *******, ** ** may ** ******* ** pivot ** * ********** different *********** ** *** long-term ** ********* ** not **** ** **** a ***, ********** ************ for *** *****. ******* also *** * **** direct ********** ** ****** as ** *** "******** *** ************ ******** of ***, * ***** venture ******* **** *** Huawei." **** ****** ******* between ******* *** ****** may ***** ** ** a ************ ** *** US ******* ** ****** more ************ ** ****** and ***** ***** ********.

Comments (9)

******* ***** *** ***** to ** #* ** me. ***** ** * huge ******* *** ******* them *** *****. *** sure **** **** *** using *** *** ***** of ********** (**: ***** they **** ******* ******* instead ** ***** *******). My *** **** ***** be **** * ******** kind ** *******, ******* mostly ** ** *** to ***** ******, ***** be **** ** ** more **** $**** ** business ** *** *** of ***** ** **** Uniview *** *** #* spot.

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******* ***** *** ***** to ** #* ** me. ***** ** * huge ******* *** ******* them *** *****.

** *****? ***'* #* then? ***? ******? ******? RayShrp? ******? * ** think ******* ** #* in ***** ****** **'* fascinating *** ********* *** China ****** *** ****** with ********* *** *****.

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**** * ****, * don't **** *** ****, that **** ***** **** a ****** *** ******* gap. ** ******* ****** is #*, **** **** means *** ***** ***** companies *** ***** **** less **** **** ***, where * ***** **** expected **** ** *** bigger ***/***'* ** ** above $****.

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***** * ***** **** expected **** ** *** bigger ***/***'* ** ** above $****.

**** **** ** **** seen **** ***** '*****' China *********, *** *** revenue ** ********* ** the $*** ** $*** million *****. **'* ********* a ******** *** ******* Hikua *** *** **** of *****.

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*** **** * ** longer **** *** * UNV ***********, *** ***** in *** ** **** saying ***'** * *** party ******* ** *** US ********. ****** **** who *** *** *** they're ***** ****** **** 1 ** *.

Agree: 1
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* ******* **** *** already *****/************* ** *** Hisilicon *****, *'* **** they **** ******* ****.

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***** *** * ****** here - ***-********* *** NDAA, ***** ******* ** doing, *** **** ** do ***** ********* ** general.** ******** *** ********, US ************ ******* *********** ******'* ability ** **** ***** in *******, **** ** not. ********* ** *** that **********, ******* ***** need ** **** * general *********** ** ******, not **** *** ****.

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**** ** * ******* list ** **** ****, looks **** **** *** going **** ******* *** NDAA. ******* ***** ** little ***** *** ****** to **** *****, ** they *** *********** **********.

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Informative: 3
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***********, ******* *** * webinar **** ***, **** below **** ******* ******* NDAA ******** *** ***** about ************ *****:

******* ***** *** *** marketing ** *** ** is ******** *** *** sure ** **** ** a **** / ***** changing.

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