Dahua Technology today released its annual results for the year 2017 and reported impressive growth as the company’s turnover reached RMB 18.84 billion in 2017, indicating a year-on-year growth of 41.38%. Meanwhile, the net profit attributable to shareholders of the company amounted to RMB 2.37 billion, indicating a year-on-year growth of 30.33%.
Last year the company invested RMB 1.789 billion in R&D, which allowed the company to keep the leading position in core new technologies such as AI, big data, cloud computing and chipsets enabling the company to develop and commercialize these cutting edge technologies as well as creating new opportunities for growth with various new applications and solutions. According to Dahua, by the end of 2017, its products and solutions are sold in more than 180 countries and territories with 42 subsidiaries and representative offices spread across the globe.
“We have plenty of reasons to believe in an even brighter future,” Fu Liquan,Chairman of Dahua, said, “Indeed, the overall economic environment is turning better. The market is getting more diversified, calling for better tailored and smarter solutions, through which I believe Dahua’s core competency will be further highlighted.” Dahua’s many security products and solutions powered by big data, AI and IoT, such as smart city, intelligent building, machine vision, industrial drones and newly launched Lechange products, will bring new business opportunities to the company as well as greater benefits to customers. To enhance supply chain productivity and product quality to support the global sales and application, Dahua Smart (IoT) Industrial Park has put to use in Fuyang District of Hangzhou in June 2017.