SecurityWorldMarket

07/02/2018

Dahua 2017 revenue growth reaches new high

Hangzhou, China

Zhejiang Dahua Technology Co., Ltd. or Dahua, has released its unaudited preliminary earnings estimate for 2017, indicating that the revenue reaches CNY 18.852 billion, a year-on-year growth 41.44%.

In 2017, Dahua achieved a gross revenue of CNY 18,852,104,991.81(approx USD 2.89 billion),representing a year-on-year increase of 41.44%. Total profits reached CNY 2,633,776,603.92 (USD 403.08 million), a year-on-year growth 30.88%. Net profit attributable to shareholders of listed companies reached CNY 2,378,228,515.67 (USD 363.97 million), growing 30.30% year on year.

In referring to the charts on the right:  The data in the upper chart is completed based on the company's consolidated statements; the lower chart shows the digits that Dahua calculated corresponding with accounting procedures based on matters in relation to the repurchase and write-off of certain restricted stocks during the reporting period.  The total share capital of Dahua has been changed from 2,899,411,405 to 2,898,756,130 shares.

The increase resulted mainly from the following factors: the market sentiment continued to rise; the company expanded the market and met new demands with enhanced comprehensive solutions and services; the company strengthened internal control to achieve steady growth in sales and simultaneous growth of net profits.

During the reporting period, the total company assets increased by 40.05% and the net assets increased by 27.09%, mainly due to the increase in the scale of operations and rising profits.


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