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Dahua's 2017 FY Preliminary Earnings Estimate shows a year-on-year growth of 41.44%

25.01.2018 - Zhejiang Dahua Technology (Dahua), a leading solution provider in the global video surveillance industry, released its unaudited preliminary earnings estimate for 2017.In 2017, Dah...

Zhejiang Dahua Technology (“Dahua”), a leading solution provider in the global video surveillance industry, released its unaudited preliminary earnings estimate for 2017.

In 2017, Dahua achieved a gross revenue of CNY 18,852,104,991.81 (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.

2017 Key Financial Data and Indicators (Units: CNY)

Item

 2017

 2016

Increase/(decrease) range(%)

Revenue

18,852,104,991.81

13,329,094,010,82

41.44%

Operating Profits

2,590,061,486.97

1,433,497,194.51

80.68%

Total Profits

2,633,776,603.92

2,012,337,526.93

30.88%

Net Profit Attributable to Shareholders of Listed Companies

2,378,228,515.67

1,825,199,447.95

30.30%

Basic Earnings Per Share (CNY)

0.82

0.63

30.16%

Weighted Average on Net Assets Returns Ratio

25.46%

24.80%

0.66%

 

End of Reporting Period

Beginning of Reporting Period

Increase/(decrease) range  (%)

Total Assets

21,520,915,289.85

15,366,397,939.88

40.05%

Owner's Equity Attributable to  Shareholders of Listed Companies

10,468,125,676.33

8,237,011,399.80

27.09%

Share Capital

2,898,756,130.00

2,899,411,405.00

-0.02%

Net Assets Value Per Share Attributable to  Shareholders of Listed Companies  (CNY)

3.61

2.84

27.11%

 

 

 

Operating Performance and Financial Status

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.

A more detailed report will be released soon.