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Dahua Technology Reported Preliminary Financial Data of 2018: Revenue reaches RMB 23.666 billion, YOY increase of 25.58%

Hangzhou, China /February 27, 2019 Zhejiang Dahua Technology Co., Ltd. (Shenzhen Stock Exchange: 002236) (“Dahua Technology”), a world-leading video-centric smart IoT solution and service provider, 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.

Key Accounting Data and Financial Indicators for the Year of 2018

(in RMB, except per share data, unaudited)

Item Name

The current reporting period

The corresponding period of last year

Increase/Decrease

Total operating revenue

23,665,688,106.22

18,844,458,053.78

25.58%

Operating Profit

2,696,619,590.13

2,632,265,210.05

2.44%

Total Profit

2,772,184,869.69

2,642,207,856.14

4.92%

Net profits attributable to shareholders of the Company

2,531,526,444.05

2,378,726,820.22

6.42%

Basic earnings per share (RMB)

0.87

0.82

6.10%

Weighted average ROE

22.21%

25.47%

-3.26%

 

At the end of the current reporting period

At the beginning of the current reporting period

Increase/Decrease

Total assets

26,350,159,781.59

21,333,478,563.97

23.52%

Owners’ equity attributable to shareholders of the Company

12,620,598,242.22

10,466,434,375.19

20.58%

Share Capital

2,997,621,930.00

2,898,756,130.00

3.41%

Net asset per share attributable to shareholders of the Company

4.21

3.61

16.62%

Note:The above figures are at consolidated level of the Company.

Information about Operating Results and Financial Position

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.

*The USD number of total operating revenue, operating profit, net profits attributable to shareholders of the Company in this news use the exchange rate on Dec 31th, 2018 (6.8632) and are only for reference.

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