No wonder they can carry such large overheads when they are propped up by such lucrative orders
will this slow their whole expansion down
A Chinese government review of state-sponsored projects in Xinjiang Province could harm the bottom line of large Chinese security manufacturers, underlying the risk and key challenges of the recent rapid rise of security projects.
While IPVM confirmed Dahua and Hikvision have won over $1 billion in Xinjiang security projects in the past 2 years, these are at risk. Inside this note, we examine the factors involved.
PPP *****
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No wonder they can carry such large overheads when they are propped up by such lucrative orders
will this slow their whole expansion down
Hi Mick, good question. The truth is we don't really know the full effect of this, because the Xinjiang projects are suspended but it's unclear if any have been fully cancelled. However, given that both Hikvision and Dahua reported above annual growth of 30% and 40% respectively in 2017 (at the height of the Xinjiang security boom), I would wager that it's likely those figures will come down this year as Beijing cracks down on local government debt.
I would guess sometime dahua recruited the guy from huawei
to be their md
maybe he has been set up to be a fall guy for fu
when this is properly investigated
he has the right credentials are huawei the owners of hisilicon
the main chip in every dvr / camera
also being investigated for sanctions busting in iraq