Dahua Reports Preliminary Financial Data for 2018: Revenue increase of 25%
Dahua Technology announced its unaudited preliminary financial data for the year of 2018.
During the year of 2018, Dahua Technology achieved a total operating revenue of RMB 23,665,688,106.22 (USD: 3.45 billion), representing a year-on-year increase of 25.58%. Operating Profit amounted to RMB 2,696,619,590.13 (USD: 0.39 billion), representing an increase of 2.44% as compared to the corresponding period of last year. Net profits attributable to shareholders of the Company amounted to RMB 2,531,526,444.05 (USD: 0.37 billion), growing 6.42% year on year.
During the reporting period, the company strengthened the precise investment in R&D, continuously improved its video-centric smart IoT solution capabilities，grasped the development trend of the market and industry, and realized the continuous growth of the company's performance.
During the reporting period, the Company’ total asset increased by 23.52% and net asset increased by 20.58%, mainly due to the expansion of the business scale and the increase of the profit. A more detailed report will be released soon.