Zhejiang Dahua Technology Co., Ltd. (‘Dahua Technology’), a solution provider in the global video surveillance industry, announced its unaudited preliminary financial data for the first half of 2018.
During the first half of 2018, Dahua Technology achieved a total operating revenue of RMB 9,814,041,352.48 (USD: 1.44 billion), representing a year-on-year increase of 31.47%. Operating profit amounted to RMB 1,251,445,994.06 (USD: 183.59 million), a year-on-year increase of 11.99%. Net profits attributable to shareholders of the Company reached RMB 1,081,916,886.52 (USD: 158.72 million), growing 10.06% year on year.
Key accounting data and financial indicators for the first-half of 2018
| Item Name | The current reporting period | The corresponding period of last year | Increase / Decrease |
| Total Operating Revenue | 9,814,041,352.48 | 7,464,664,934.38 | 31.47% |
| Operating Profit | 1,251,445,994.06 | 1,117,449,669.15 | 11.99% |
| Total Profit | 1,254,485,405.80 | 1,133,184,395.10 | 10.70% |
| Net profits attributable to shareholders of the Company | 1,081,916,886.52 | 983,001,211.23 | 10.06% |
| Basic earnings per share (RMB) | 0.37 | 0.34 | 8.82% |
| Weighted average ROE | 9.91% | 11.29% | -1.38% |
|
| At the end of the current reporting period | At the beginning of the current reporting period | Increase /Decrease |
| Total assets | 22,227,058,009.68 | 21,333,478,563.97 | 4.19% |
| Owner's equity attributable to shareholders of the Company | 10,976,288,947.34 | 10,466,434,375.19 | 4.87% |
| Share Capital | 2,898,756,130.00 | 2,898,756,130.00 | 0.00% |
| Net asset per share attributable to shareholders of the Company | 3.79 | 3.61 | 4.99% |
Driving factors for company’s growth
The main driving factors behind company’s lasting growth are generated from the investment in the technology innovation, deep understanding of industries, the global distribution client base, the capabilities to deliver video-based AI powered IoT solutions and the ability to grasp the market pulse and general trends of this industry.
During the reporting period, the Company’s total asset increased by 4.19% and net asset increased by 4.87% as compared to the beginning of the current reporting period, mainly due to the expansion of the business scale and the increase of the profit. During the reporting period, the Company net asset value per share increased by 4.99%, mainly due to the increase in net profit attributable to shareholders of company.
A more detailed report will be released soon.