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

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.