Dahua Technology, the video surveillance product company, has made it into the top 50 of this year’s Asia’s Fab 50 list of companies.
The Forbes 13th annual Fab 50 list of the best big publicly traded companies honours corporate stars throughout the Asia-Pacific region sees China with 29 of the 50 companies. Dahua is one of 11 Chinese newcomers to the 50; and it’s the only video surveillance company on the list.
Competition for the Fab 50 was between 1,694 publicly traded companies with annual revenues of at least US$1.8 billion. Loss-making companies or businesses whose revenue was less than it was five years ago were then eliminated, and those with a high debt ratio and companies with more than 50pc state or listed parent ownership.
The remaining contenders were then subjected to financial tests. The goal in defining the 50 is to highlight entrepreneurial businesses, rather than any with state funding, to produce a line-up of blue chip companies.
Dahua, which has achieved continuous yearly growth since 2008, had a gross revenue of US$1.93 billion in 2016, representing a year-on-year growth of 32.26 per cent. The company’s 2017 H1 financial report shows growth of 50.81pc in terms of gross revenue in the reporting period.
Since 2014, Dahua has invested around 10pc of its annual sales revenue in R&D. The company has four research establishments – the Advanced Technology Institute, Big Data Institute, Chip Institute, and Video Cloud Institute – and more than 5,000 R&D engineers and technical staff. In 2017 alone, the company has released new products and solutions such as the HDCVI-4K product line, ePoE systems, Seaport Solution and Smart City Solutions.
Dahua stresses its work with well-known companies and institutes. At the end of 2016, it announced that it was collaborating with Dell to build smart security systems. In 2017, the company has been cooperating with Beijing University of Posts and Telecommunications on a new joint intelligent video lab; it has worked with NVIDIA to promote video+ with a Deep Sense smart video structure server; and Dahua and Intel have announced the joint release of a new industrial camera.
