International. Dahua Technology reported operating income of US$4.06 billion, representing a year-on-year increase of 1.21%; net profit attributable to shareholders of the listed company amounted to US$599 million, with a year-on-year growth of 22.42%, according to the 2020 annual report.
Precise investment in R&D to build core technological competitiveness
Focused on AI, cloud storage, Big Data platform and IoT technology, Dahua Technology's R&D investment in 2020 reached 2,998 trillion RMB (US$460 million) with a year-on-year increase of 7.28%, representing 11.33% of operating income. The company's cumulative R&D investment has reached RMB 14.117 trillion (US$2.17 billion) since its listing.
Dahua has products and solutions applied in 180 countries around the world. It has established 57 subsidiaries and representative offices and more than 100 after-sales service stations in the world, in addition to almost 100 stores with brand image and more than 3,000 item stores have been established in 2020. Additionally, overseas R&D divisions have begun operating in Europe and America for the localized development of the software platform, which will significantly improve the speed of response to customer needs.
To guarantee its supply capabilities at all times, Dahua Technology has 3 regional supply centers and a large-scale overseas storage network, optimizing the design and computerization of the supply system abroad, performing efficient management and accurate forecasting of the entire process.
Future development perspective
Looking ahead to 2021 and the years to come, Dahua Technology announced that it will continue to focus on its value proposition of "innovation, quality and service", to realize its mission of "Enabling a safer society and smarter life" while maintaining sustainable development.
Increased staff in Mexico
Additionally, Dahua announced that in Mexico it managed to double its team, from 40 to 82 employees at the end of November last year. This means that the company opened 42 new employment opportunities nationwide with a wide variety of profiles, highlighting commercial executives and project specialists, who are supporting the growth strategy with distribution partners as well as vertical markets.
"The growth of more than 100% in personnel is a sign of the importance that Mexico has in the international context. In addition, it has become an inspiration for other regions since this achievement could be achieved in times of crisis at a global level, proving that it is possible to grow even in difficult times, "said Carolina Díaz, Director of Human Resources at Dahua Mexico.
* The USD value of operating income, net profit attributable to shareholders of the publicly traded company, and the company's R&D investment in this news item is based on the March 22, 2021 exchange rate (6.5191) for reference purposes only.
