Dahua Technology has released its 2019 annual report, showing the company’s steady growth in the past year including increased sales and operating profit.

During 2019 Dahua Technology achieved operating revenue of RMB 26.149 billion ($US3.73 billion), representing a year-on-year increase of 10.50 per cent; net profit attributable to shareholders of the listed company amounted to RMB 3.188 billion ($US455 million), growing 26.04 per cent year-on-year.

Focused on AI, cloud computing and big data, and software platform, Dahua Technology’s R&D investment in 2019 reached RMB 2.794 billion ($US399 million) with a year-on-year increase of 22.35 per cent, accounting for 10.69 per cent of operating revenue. The company’s cumulative R&D investment has reached RMB11.119 billion ($US1.59 billion) since its listing.

The company said it was continuously increasing its intelligent manufacturing and safe supply capabilities and had established an efficient system for the global market. In the future, Dahua Technology said it would focus on the innovation of vertical industry applications, and would utilize its video-centric IoT system architecture to accelerate its upgrade into platform-based business and build an ecosystem to provide customers with success through open cooperation.