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.
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.
Uniview feels too small to be #3 to me. There is a huge revenue gap between them and Dahua. Not sure what they are using for the basis of comparison (eg: maybe they mean branded cameras instead of total revenue). My gut feel would be that a Xiongmai kind of company, selling mostly as an OEM to other brands, would be able to do more than $500M in business in and out of China to beat Uniview for the #3 spot.
Like I said, I don't know for sure, that just seems like a really big revenue gap. If Uniview really is #3, then that means all those other companies are doing even less than they are, where I would have expected some of the bigger OEM/ODM's to be above $500M.
There are 2 issues here - non-Hisilicon for NDAA, which Uniview is doing, and what to do about Hisilicon in general. As Isabella has reported, US sanctions are further undermining Huawei's ability to make chips in general, NDAA or not. Depending on how that progresses, Uniview might need to find a general alternative to Huawei, not just for NDAA.