Last years net profit of Hikvision increased by 9percent and many security companies reported good results

category:Finance
 Last years net profit of Hikvision increased by 9percent and many security companies reported good results


According to Hikvision, in 2019, the company will focus on advantages, change management, optimize structure, maintain high-level R & D investment, enhance operation efficiency, enhance overall competitiveness, and maintain sustained and steady growth of performance.

It is worth mentioning that last year was an extraordinary year for Hikvision. On October 7, 2019 local time, the U.S. federal government announced that 28 Chinese entities, including iFLYTEK, Hikvision, Dahua, etc., would be added to the entity control list to prohibit these entities from purchasing U.S. products.

Subsequently, Hikvision immediately responded that the list of entities will cause a wave of impact on performance in a short time, and the impact will be reduced in the medium and long term. It can still continue to export to the United States and continue to provide Hikvision products and services to customers in China or other countries. As for the restricted procurement content, most of the components of Hikvision in the United States can be directly replaced or replaced through new design scheme at present, which will not affect the product performance or have a slight impact.

Affected by the restrictions of the United States, institutions have visited Hikvision frequently since last year. According to statistics of securities times u00b7 e company, in 2019, Hikvision received a total of 2137 domestic and foreign institutions for research, ranking first in the annual amount of research received by listed companies.

Security industry pattern is expected to be reshaped

The steady growth of Hikvision is not an industry case. Dahua stock, which is in the same security industry and was listed in the entity list by the United States at the same time last year, has a good performance in 2019.

According to the 2019 performance express released by Dahua on the evening of February 27, in 2019, Dahua achieved a total operating revenue of 26.09 billion yuan, a year-on-year increase of 10.25%; a net profit of 3.163 billion yuan, a year-on-year increase of 25.04%; and a basic earnings per share of 1.09 yuan, a year-on-year increase of 25.29%. Dahua said that in the face of complex domestic and international environment and challenges, the company insists on taking technological innovation as the core, continues to improve the ability of intelligent IOT solutions with video as the core, and actively grasps the market and industry development trend. At the same time, further strengthen the fine management, continue to optimize the business structure, and promote the steady growth of the companys performance.

The same days qianfang technology 2019 performance express also showed that in 2019, its operating revenue reached 8.992 billion yuan, a year-on-year increase of 24%; its net profit reached 1.004 billion yuan, a year-on-year increase of 31.6%. The performance growth was mainly due to the steady and rapid growth of the companys intelligent transportation and intelligent security business.

Dali technology, which is mainly engaged in security equipment, doubled its performance in 2019. According to the companys performance express, in 2019, Dali technology achieved a total revenue of 539 million yuan, a year-on-year increase of 27.29%; net profit of 135 million yuan, a year-on-year increase of 146.11%; basic earnings per share of 0.29 yuan, a year-on-year increase of 141.67%. According to the company, the overall operation of the company has maintained a steady growth trend, various works have been carried out in an orderly manner, the production tasks of various types of military products that have been finalized in the early stage have been fully restored, batch delivery has been realized, and many projects have begun to contribute to the performance on a large scale.

In 2019, the company achieved a total revenue of 785 million yuan, a year-on-year growth of 2.53%; net profit of 152 million yuan, a year-on-year growth of 8.73%. The companys main business continued to maintain a stable growth during the said period.

However, there are also a small number of companies with declining performance. For example, in Suzhou Keda, in 2019, the companys revenue was 2.532 billion yuan, an increase of 3.21% year-on-year; net profit was 90.6647 million yuan, a decrease of 71.84% year-on-year; and basic earnings per share was 79.98% year-on-year. According to the company, the main reason is that the proportion of its monitoring businesses has increased and some new businesses have been promoted, and the operating cost has increased rapidly; in addition, the company has increased its investment in the field of R & D, and the R & D expenses have increased a lot. According to Fei Yaoyao, an analyst at Wanhe securities, at present, competition in the security industry is surging into the deep-water integration period. With the improvement of the industrys technical level, the cooperation, integration and competition among enterprises in the industry will continue to intensify, and the overall industrial pattern is expected to be upgraded and reshaped. The whole industrial chain manufacturers with overall integration ability will become the future leaders. Source: responsible editor of Securities Times: Yang bin_nf4368

However, there are also a small number of companies with declining performance. For example, in Suzhou Keda, in 2019, the companys revenue was 2.532 billion yuan, an increase of 3.21% year-on-year; net profit was 90.6647 million yuan, a decrease of 71.84% year-on-year; and basic earnings per share was 79.98% year-on-year. According to the company, the main reason is that the proportion of its monitoring businesses has increased and some new businesses have been promoted, and the operating cost has increased rapidly; in addition, the company has increased its investment in the field of R & D, and the R & D expenses have increased a lot.

According to Fei Yaoyao, an analyst at Wanhe securities, at present, competition in the security industry is surging into the deep-water integration period. With the improvement of the industrys technical level, the cooperation, integration and competition among enterprises in the industry will continue to intensify, and the overall industrial pattern is expected to be upgraded and reshaped. The whole industrial chain manufacturers with overall integration ability will become the future leaders.