International. The manufacturer of electronic security solutions, Dahua Technology, announced the results for the first half of 2019.
During the reporting period, the company achieved operating income of RMB 10,806,566,370.89 (approximately US$1,533 million), representing an increase of 10.11% compared to the corresponding period last year.
Operating profit amounted to 1,360,678,823.45 RMB (about US$193 million), representing an increase of 8.73% compared to the corresponding period last year. The Company achieved a total profit of RMB 1,367,835,559.96 (approximately US$194 million), representing an increase of 9.04% compared to the corresponding period last year.
Net profit attributable to the company's shareholders amounted to 1,238,880,948.74 RMB (about US$175 million), representing an increase of 14.51% compared to the corresponding period last year. The main factors driving the company's lasting growth are generated from the continuous increase in investment in research and development, the improvement of core technical capacity, deep commitment to the domestic market, steady progress in foreign markets, and improvement of the level of fine management.
During the reporting period, the company's total assets increased by 4.09% and net assets increased by 7.44% compared to the beginning of the current reporting period, mainly due to the expansion of business scale and increased profits.
During the reporting period, the company's net asset value per share increased by 7.36%, primarily due to the increase in net profit attributable to the company's shareholders.
At the end of the current period report, the company's Total Assets is RMB 27,427,525,950.44 (about US$3,893 million).
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