Uniview H1 2020 Financials Examined

By Isabella Cheng, Published on Sep 08, 2020

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)

Avatar

Brian Karas

09/08/20 12:48pm

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

John Honovich

IPVM | In reply to Brian Karas | 09/08/20 06:01pm

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

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

Avatar

Brian Karas

In reply to John Honovich | 09/08/20 08:57pm

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

John Honovich

IPVM | In reply to Brian Karas | 09/09/20 06:00am

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

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

Avatar

Rich Moore

In reply to John Honovich | 09/09/20 10:42am

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

Undisclosed Integrator #1

09/08/20 05:09pm

* ******* **** *** already *****/************* ** *** Hisilicon *****, *'* **** they **** ******* ****.

John Honovich

IPVM | In reply to Undisclosed Integrator #1 | 09/08/20 05:59pm

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

Undisclosed Manufacturer #2

09/08/20 09:19pm

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

John Honovich

IPVM | 09/10/20 12:52pm

***********, ******* *** * webinar **** ***, **** below **** ******* ******* NDAA ******** *** ***** about ************ *****:

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

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