Uniview Revenue Drops Significantly (H1 2022)
Uniview's revenue dropped more than 13% for the first half of this year, as challenges for PRC companies rise (see related Dahua financial and Hikvision financial coverage).
In this post, IPVM examines this news, its impact, contrasting it to Dahua, Hikvision, and Infinova.
******* *** ************* **** ******* *** Infinova *** ****** * ****** **** weathering *****'* **** ***** ****** *** economic ********.
********* *** ***** **** *** ********* domestic ***** **** ****-**** *** ** these *******, *** ***** ******* ** post ******** ** ****** *******.
Uniview ******** ****, ******* *******
**** ****, *******'* ****** ******* ***** TransInfo ********* ******* **** (**) ********* ****, ***** ****** *******'* ******* was ~$**** *** ** **** *** net ******* ~$**.**:
**** ** * ***** ******* ******** to** ****, **** *******'* ******* *** ~$**** and *** ******* $***. **** ***** Year-on-Year, *******'* ******* ******** **.**% ***** net ******* **** **%.
Blames *** ****** *** ******** ****** ******
** ********** ****, ***** ********* **** *** "*********** IoT" (*.*. ************ ******) ***** "******** somewhat [************] *** ** *** **************** and *** ********" *** **** *% overseas ** ** ****:
*** ********* ** *** *********** *** sector ** *******, ******* *** ************** of *********** *** ** ** ******* all **********, ** ** *** * greater ************ **** *** *****-*******. ** the ***** **** ** **** ****, domestic ***** ******** ********due ** *** **************** *** *** ********, but ************* ********** * ******* ****** **more **** * ******, and the second quarter was even better, with a year-on-year growth of more than 24% ** * ****** *******. [emphasis added]
*** ***** ** ******** ******** ***** is******* ** *********, ***** ******** ******* **** **.**% and ** *****, ***** ******** ********* **.**%(**** ******* *** ** ****).
Strong *** ********
***** ********* *** *** ********* ******** to *** ***** ****** ******** ** Hikvision *** *****, **** ******** ***** making ** **% ** ***** ******* in ** ****; * **** ***, this ******** *** **** ******** ** ~80%. *************, *********'* ***** ***** **** up **.*% ** *** ***** ******* and *****'* **.**% ** ** ** 2022.
*******, ***** ********* **** *** ********* Uniview's ******** **. ******** *****. ******* is *** ********** *** ***** ** the ****** ******** ** ***** *********'* sales: **% ** ** ** ****.
Infinova ***** ** ****** ****
******** ****** ** ******** ** ******** * "**.**% ** 9.96%" **** ** *** *** ******* year-on-year *** ** ****, **** ******* the ******** *** ******* ** *****:
****** *** ********* ******, *** ** therepeated ********* ** *** ***** ******** and changes in macroeconomic and industry regulatory policies, the digital marketing business of education, games, real estate and other industries was greatly affected year-on-year, and the solution business was postponed [emphasis added]
*******, ******** *** *** *** ******** its **** ** **** *******. **** they ** **** **** ******.
Conclusion: ******* ******* *** ******
*** ******** ******* ******** **** *****'* lockdowns *** ******** ********* ****************** **** smaller *******. *********, *** ** * lesser ****** *****, *** ****-********** ** survive ** **** ******* ******. ** such ****** ********, *** *** ***** surveillance ****** **** **** ************* ********** after * ******* ** ****** ***-**** expansion.