Leading china security company-Dahua technology shares on Monday opened low and rose 7.6% during the session; the company released its results last Friday. Although the third quarter recorded a net profit of 756 million yuan, a year-on-year decline of 48.09%, but during the same period Net profit after deducting non-recurring gains and losses was 698 million yuan, a year-on-year increase of 56.5%.
Dahua’s third quarter report also showed that the third quarter revenue was 7.98 billion yuan, a year-on-year increase of 26.11%; the first three quarters revenue was 21.485 billion yuan, a year-on-year increase of 32.90%.
Tianfeng Securities Research reported that UOB’s net interest rate in the third quarter fell sharply year-on-year, and the non-net interest rate increased year-on-year, mainly due to the company’s transfer of 100% equity of Zhejiang Huatu Microchip Technology Co., Ltd. in the same period last year to obtain 1.2 billion equity transfer proceeds. In addition, the gross profit margin of Dahua’s products in the third quarter was 39.13%, a year-on-year decrease of 0.92% and a month-on-month drop of 2.61%. The slight year-on-year decline in gross profit margin was mainly due to the high base of thermal imaging business last year.
Tianfeng Securities also stated that it continues to be optimistic about the company’s long-term development. As one of the leaders in the global security industry, the company will continue to benefit from the increase in global security demand. With the deepening of the company’s B-side business layout and the continuous improvement of downstream demand, the company will usher in rapid growth.
