Dahua Technology Reports Steady Sales, Increased Profit For 2020
Engineers testing a drone outside Dahua's HQ.
Dahua Technology reports steady growth over 2020; achieving operating revenue of RMB 26.466 billion ($US4.06 billion), representing a year-on-year increase of 1.21 per cent; while net profit was RMB 3.903 billion ($US599 million), growing 22.42 per cent year-on-year.
According to Dahua, COVID-19 pandemic has had a wide-ranging and profound impact on the development of the international community in 2020, including the global economy (agricultural, industrial or digital) and the smart IoT industry.
Dahua Technology, by expanding the in-depth application of the IoT technology in the city-level and enterprise-level markets, enables the digital transformation of cities, enterprises and homes with one-stop smart IoT services and solutions.
Focused on AI, cloud storage, big data platform and IoT technology, Dahua Technology’s R & D investment in 2020 reached RMB 2.998 billion (USD 460 million) with year-on-year increase of 7.28 per cent, accounting for 11.33 per cent of operating revenue. The company’s cumulative R & D investment has reached RMB14.117 billion (USD 2.17 billion) since its listing.
Having products and solutions applied in 180 countries in the world, Dahua Technology operates a global marketing and service network to provide customers with efficient and end-to-end services. The company has established 57 subsidiaries and representative offices and more than 100 after-sales service stations in the world, while nearly 100 image stores and over 3000 element stores have been set up in 2020.