Dahua Technology has published its 2020 annual report. The report shows the steady growth of the company over the past year as well as sustainable development, which is committed to the value proposition “innovation, quality and service”.
In 2020, Dahua Technology achieved operating sales of 26.466 billion RMB (4.06 billion USD), an increase of 1.21% over the previous year. Net income attributable to the publicly traded company’s shareholders was RMB 3.903 billion (US $ 599 million), an increase of 22.42% over the previous year.
In 2020, the COVID-19 pandemic had far-reaching and profound implications for the development of the international community, the global economy (be it agricultural, industrial or digital) and the smart IoT industry. Dahua Technology enables the digital transformation of cities, businesses and households with intelligent IoT services and solutions from a single source by expanding the extensive application of IoT technology in the markets at the city and corporate level.
Precise investment in research and development
Dahua Technology’s R&D investments focused on AI, cloud storage, big data platforms and IoT technology, reaching RMB 2.998 billion (USD 460 million) in 2020. This corresponds to an increase of 7.28% compared to the previous year, which corresponds to 11.33% of operating sales. The company’s cumulative R&D investment has reached RMB 14.117 billion (US $ 2.17 billion) since its listing.
World class service and quality
With products and solutions in 180 countries worldwide, Dahua Technology operates a global marketing and service network in order to offer customers efficient and comprehensive services. The company has established 57 subsidiaries and representative offices worldwide, as well as more than 100 customer service stations, and in 2020 nearly 100 image stores and over 3,000 element stores were opened. Also, the overseas research and development departments have started operations in both Europe and America for localized software platform development, which greatly improves customer responsiveness.
In order to guarantee its ability to deliver at all times, Dahua Technology strives to build a comprehensive supply chain for the overseas market. With three regional supply centers and a large overseas warehouse network, Dahua Technology has improved its overseas supply system, providing efficient management and accurate forecasting of the entire process.