Dahua Technology has released its 2017 annual report, which reports substantial growth in the past year as well as a promising outlook.

According to this report, Dahua’s revenues reached RMB 18.84 billion in 2017, indicating a year-on-year growth of 41.38 percent. 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 percent.

“We have plenty of reasons to believe in an even brighter future,” Mr. 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.