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1、2018 Annual Report of Zhejiang Dahua Technology Co., Ltd. 1 ZHEJIANG DAHUA TECHNOLOGY CO., LTD. 2018 Annual Report Stock code: 002236 Stock Abbreviation: Dahua Date of Disclosure: March 2019 2018 Annual Report of Zhejiang Dahua Technology Co., Ltd. 2 Section I Important Notes, Contents and Definitio
2、ns The Board of Directors, Board of Supervisors, Directors, Supervisors and Senior Management of Zhejiang Dahua Technology Co., Ltd. (hereinafter referred to as the Company) hereby guarantee that the information presented in this report shall be authentic, accurate and complete and free of any false
3、 records, misleading statements or material omissions, and they will bear joint and several liability for such information. Fu Liquan, the Companys legal representative, Wei Meizhong, chief accountant, and Xu Qiaofen, person in charge of accounting institution (Accounting Officer) hereby declare and
4、 warrant that the financial statements in the annual report are authentic, accurate and complete. All directors attended the meeting of the Board of Directors for deliberation of this annual report. The Company invites each investor to carefully read the annual report and pay particular attention to
5、 the following risk factors: 1. Risk of technology upgrade The video surveillance industry is a typical technology-intensive industry, which is changing extremely fast. The Company has always attached importance to technical innovation and R&D of new products, with a strong ability of continuous inn
6、ovation. If the Company is unable to keep up with development trends in the industrys technology, to pay full attention to customers diversified individual needs, and to be followed by sufficient R&D investments, it will still face the risk of losing market competitiveness due to discontinuous innov
7、ation. 2. Risk of business model transformation With the development of network communications, cloud computing, and big data, as well as the popularity of smart phones, the business model in the IoT era may have an impact on the traditional industry development model. If an enterprise cannot timely
8、 grasp opportunities brought about by the business model transformation, it may face the risk that the original market structure becomes broken. 2018 Annual Report of Zhejiang Dahua Technology Co., Ltd. 3 3. Risk of product information security The Company attaches great importance to and continuous
9、ly strengthens resource investment to ensure safe and reliable operations of the security system so as to respond to the product information security risks on the Internet. However, there may still exist hackers, computer viruses, physical security vulnerabilities, natural disasters, accidents, powe
10、r interruptions, telecommunications failures, and other terrorism or warfare events, which exert influences such as security vulnerabilities, system failures, or service interruptions. 4. Risk of intellectual property rights The acceleration of the Companys globalization and self-owned brand strateg
11、y will likely bring intellectual property risks such as IP rights protection and patent infringement. Preventions of and responses to the above risk such as rights claims or lawsuits, whether active or passive, all feature high costs, long cycles and high uncertainty, and may bring about risks such
12、as fluctuations in business relations and public opinions environment, increased legal litigations and rising costs. 5. Risk of exchange rate The Companys export transactions are mostly settled in United States Dollars (USD), while overseas sales have increased continuously. Therefore, fluctuations
13、in the foreign exchange rate have the potential to affect the profits of the Company. 6. Risk of decline in local fiscal spending power At present, local fiscal revenues are declining, while the debt is relatively high. If the local fiscal paying capacity is reduced, it may lead to the slowdown in t
14、he growth of some industry demands, extensions of project time, longer periods for companies to withdraw capital, and customers payment delay. 7. Risk of international operation The Companys products and solutions cover many overseas countries and regions. International business operation may face t
15、rade protection, political conflict, debt problem, and localized operation compliance in the countries where they operate, which may bring negative impact on the Companys local business development. 2018 Annual Report of Zhejiang Dahua Technology Co., Ltd. 4 The above points might not be all-inclusi
16、ve of all other potential risks, please pay attention to the potential investment risk. The profit distribution proposal passed upon deliberation at the meeting of the Board of Directors is: to take 2,997,621,930 as a base, to distribute to all shareholders cash dividends of RMB 1.00 (tax inclusive)
17、 each per 10 shares, and 0 bonus share, and not to convert capital reserves to share capital. 2018 Annual Report of Zhejiang Dahua Technology Co., Ltd. 5 Contents Section I Important Notes, Contents and Definitions . 2 Section II Company Profile and Main Financial Indicators . 10 Section III Corpora
18、te Business Overview . 13 Section IV Discussion and Analysis on Business Circumstance. 36 Section V Significant Events . 56 Section VI Changes in Shares and Information about Shareholders . 75 Section VII Information of Preferred Shares . 84 Section VIII Information about Directors, Supervisors, Sen
19、ior Management and Employees . 85 Section IX Corporate Governance . 100 Section X Situation on Corporate Bonds . 107 Section XI Financial Reports . 108 Section XII Documents Available for Reference . 251 2018 Annual Report of Zhejiang Dahua Technology Co., Ltd. 6 Definitions Item Refers To Definitio
20、ns From January 1, 2018 to December 31, 2018 Refers To Reporting Period Zhejiang Dahua Technology Co., Ltd. Refers To Dahua, Dahua Technology, Company, this Company Dahua System Engineering, System Engineering Company Refers To Zhejiang Dahua System Engineering Co., Ltd. Dahua Vision Technology Refe
21、rs To Zhejiang Dahua Vision Technology Co., Ltd. Dahua Security Network, Operation Company Refers To Zhejiang Dahua Security Network Operation Service Co., Ltd. Dahua Juan Refers To Zhejiang Dahua Juan Technology Co., Ltd. Guangxi Dahua Information Refers To Guangxi Dahua Information Technology Co.,
22、 Ltd. Dahua Security Refers To Zhejiang Dahua Security Service Co., Ltd. Wuxi Ruide, Wuxi Dahua Refers To Wuxi Dahua Ruide Electronic Technology Co., Ltd. Guangxi Security Refers To Guangxi Dahua Security Service Co., Ltd. Huatu Microchip Refers To Zhejiang Huatu Microchip Technology Co., Ltd. Xiaoh
23、ua Technology, Hangzhou Xiaohua Refers To Hangzhou Xiaohua Technology CO., LTD. Dahua Zhilian Refers To Zhejiang Dahua Zhilian Co., Ltd. Tecomore Technology Refers To Hangzhou Tecomore Technology Co., Ltd. Dahua Investment Refers To Zhejiang Dahua Investment Management Co., Ltd. South North United R
24、efers To South North United Information Technology Co., Ltd. Guangxi Zhicheng, Dahua Zhicheng Refers To Guangxi Dahua Zhicheng Co., Ltd. Hangzhou Huacheng, Huacheng Network Refers To Hangzhou Huacheng Network Technology Co., Ltd. Xinjiang Information Refers To Xinjiang Dahua Zhixin Information Techn
25、ology Co., Ltd. HuaRay Technology Refers To Zhejiang HuaRay Technology Co., Ltd. Fuyang Huaao Refers To Hangzhou Fuyang Huaao Technology Co., Ltd. Huafei Intelligent Refers To Zhejiang Huafei Intelligent Technology CO., LTD. Huachuang Vision Refers To Zhejiang Huachuang Vision Technology Co., Ltd. G
26、uizhou Huayi Refers To Guizhou Huayi Shixin Technology Co., Ltd. Hunan System Technology Refers To Hunan Dahua System Technology Co., Ltd. Xinjiang Dahua Information Refers To Xinjiang Dahua Information Technology Co., Ltd. 2018 Annual Report of Zhejiang Dahua Technology Co., Ltd. 7 Xinjiang Intelli
27、gence Refers To Xinjiang Dahua Intelligence Technology Co., Ltd. Guizhou Intelligence Refers To Guizhou Dahua Intelligence Technology Co., Ltd. Xinjiang Zhihe Refers To Xinjiang Dahua Zhihe Information Technology Co., Ltd. China Standard Intelligent Security Refers To China Standard Intelligent Secu
28、rity Technology Co., Ltd. Guangxi Huacheng Refers To Guangxi Huacheng Technology Co., Ltd. Meitan Dahua Technology Refers To Guizhou Meitan Dahua Information Technology Co., Ltd. Inner Mongolia Zhimeng Refers To Inner Mongolia Dahua Zhimeng Information Technology Co., Ltd. Xinjiang Zhitian Refers To
29、 Xinjiang Dahua Zhitian Information Technology Co., Ltd. Xinjiang Xinzhi Refers To Xinjiang Dahua Xinzhi Information Technology Co., Ltd. Xinjiang Huayue Refers To Xinjiang Dahua Huayue Information Technology Co., Ltd. Tianjin Dahua Refers To Tianjin Dahua Information Technology Co., Ltd. Dahua Zhil
30、ong Refers To Hunan Dahua Zhilong Information Technology Co., Ltd. Vision Technology Refers To Zhejiang Fengshi Technology Co., Ltd. Zhongcheng Technology Refers To Dahua Zhongcheng (Beijing) Technology Co., Ltd. Huaxiao Technology Refers To Zhejiang Huaxiao Technology Co., Ltd. Xian Dahua Refers To
31、 Xian Dahua Zhilian Technology Co., Ltd. Wuxi Ruipin Refers To Wuxi Dahua Ruipin Technology Co., Ltd. Dahua Robot Refers To Zhejiang Dahua Robot Technology Co., Ltd. Beijing Huayue Refers To Beijing Huayue Shangcheng Information Technology Service Co., Ltd. Shanghai Huashang Refers To Shanghai Huash
32、ang Chengyue Information Technology Service Co., Ltd. Dahua Jinzhi Refers To Zhejiang Dahua Jinzhi Technology Co., Ltd. Dahua Guangxun Refers To Sichuan Dahua Guangxun Photoelectric Technology Co., Ltd. Huajuan Technology Refers To Hangzhou Huajuan Technology Co., Ltd. Dahua HK Refers To Dahua Techn
33、ology (HK) Limited Dahua USA Refers To Dahua Technology USA Inc. Dahua Europe Refers To Dahua Europe B.V. Dahua Middle East Refers To Dahua Technology Middle East FZE Dahua Mexico Refers To Dahua Technology Mexico S.A. DE C.V Dahua Chile Refers To Dahua Technology Chile SpA Dahua Colombia Refers To
34、Dahua Technology Colombia S.A.S Dahua Australia Refers To Dahua Technology Australia PTY LTD Dahua Singapore Refers To Dahua Technology Singapore Pte. Ltd. Dahua South Africa Refers To Dahua Technology South Africa Proprietary Limited 2018 Annual Report of Zhejiang Dahua Technology Co., Ltd. 8 Dahua
35、 Peru Refers To Dahua Technology Per S.A.C Dahua Brazil Refers To DAHUA TECHNOLOGY BRASIL COMRCIO E SERVIOS EM SEGURANA ELETRNICA LTDA Dahua Russia Refers To Dahua Technology Rus Limited Liability Company Dahua Canada Refers To Dahua Technology Canada INC. Dahua Panama Refers To Dahua Technology Pan
36、ama S.A. Dahua Hungary Refers To Dahua Technology Hungary Kft Dahua Poland Refers To Dahua Technology Poland Sp. z o.o. Dahua Italy Refers To Dahua Italy S.R.L. Dahua Tunisia Refers To Dahua Technology Tunisia Dahua Kenya Refers To Dahua Technology Kenya Limited Dahua UK Refers To Dahua Technology U
37、K Limited Dahua Bulgaria Refers To Dahua Technology Bulgaria EOOD Dahua Serbia Refers To Dahua Technology SRB d.o.o. Dahua Germany Refers To Dahua Technology GmbH Dahua Malaysia Refers To Dahua Security Malaysia SDN. BHD. Dahua Korea Refers To Dahua Technology Korea Company Limited Dahua Indonesia R
38、efers To PT. Dahua Vision Technology Indonesia Dahua India Refers To Dahua Technology India Private Limited Dahua Turkey Refers To Dahua Guvenlik Teknolojileri Sanayi ve Ticaret A.S. Dahua Czech Refers To Dahua Technology Czech s.r.o. Dahua Argentina Refers To Dahua Argentina S.A. Dahua Spain Refers
39、 To Dahua Iberia, S.L. Dahua Kazakhstan Refers To Dahua Technology Kazakhstan LLP Dahua Denmark Refers To Dahua Technology Denmark Aps. Dahua France Refers To Dahua Technology France American Lechange Refers To Lorex corporation Dahua Technology Holdings Refers To Dahua Technology Holdings Limited D
40、ahua Morocco Refers To Dahua Technology Morocco SARL Dahua Technology Italy Refers To Dahua Technology Italy S.R.L. Dahua Uzbekistan Refers To Dahua Vision LLC Dahua Netherlands Refers To Dahua Technology Netherlands B.V. Dahua Sri Lanka Refers To Dahua Technology China (Pvt) LTD Dahua Lorex Refers
41、To Lorex Technology Inc 2018 Annual Report of Zhejiang Dahua Technology Co., Ltd. 9 Dahua Pakistan Refers To Dahua Technology Pakistan (private) Limited Dahua New Zealand Refers To Dahua Technology New Zealand Limited Dahua Thailand Refers To Dahua Technology(Thailand) Co.,LTD. Dahua Romania Refers
42、To Dahua Technology SRL 2018 Annual Report of Zhejiang Dahua Technology Co., Ltd. 10 Section II Company Profile and Main Financial Indicators I. Company Information Stock Abbreviation Dahua Stock Code 002236 Stock Exchange Shenzhen Stock Exchange Company Name in Chinese 浙江大华技术股份有限公司 Abbr. of the Com
43、pany Name in Chinese 大华股份 Company Name in English (if any) ZHEJIANG DAHUA TECHNOLOGY CO., LTD. Legal Representative Fu Liquan Registered Address No. 1187, Binan Road, Binjiang District, Hangzhou City, Zhejiang Province Postal Code of the Registered Address 310053 Office Address No. 1199, Binan Road,
44、 Binjiang District, Hangzhou City, Zhejiang Province Postal Code of the Office Address 310053 Company Website E-mail II. Contacts and Contact Information Secretary of the Board Representative of Securities Affairs Name Wu Jian Lou Qiongyu Address No. 1199, Binan Road, Binjiang District, Hangzhou Cit
45、y, Zhejiang Province No. 1199, Binan Road, Binjiang District, Hangzhou City, Zhejiang Province Tel. 0571-28939522 0571-28939522 Fax 0571-28051737 0571-28051737 E-mail III. Information Disclosure and Place for Report Preparation News media designated by the Company for information disclosure Securiti
46、es Times Website specified by CSRC for the release of the Annual Report http:/ Place for Annual Report preparation Securities Investment Department 2018 Annual Report of Zhejiang Dahua Technology Co., Ltd. 11 IV. Changes in Company Registration Organization Code 91330000727215176K Changes in Main Bu
47、sinesses since the Company was Listed (if any) None Changes in Controlling Shareholders of the Company (if any) None V. Other Relevant Information Accounting firm engaged by the company Accounting Firm Name BDO China Shu Lun Pan Certified Public Accountants LLP Office Address of the Accounting Firm
48、4F, New Huangpu Financial Plaza, No. 61, Nanjing East Road, Shanghai Name of Signed Accountants Li Huifeng, Du Na Sponsors engaged by the Company to continuously perform their supervisory functions during the reporting period Applicable Not applicable Financial advisors engaged by the Company to con
49、tinuously perform their supervisory functions during the reporting period Applicable Not applicable VI. Key Accounting Data and Financial Indicators Whether the Company needs performed retroactive adjustment or restatement of accounting data in prior years or not Yes No 2018 2017 YoY Change (%) 2016
50、 Operating Revenue (RMB) 23,665,688,106.22 18,844,458,053.78 25.58% 13,329,094,010.82 Net Profit Attributable to Shareholders of the Listed Company (RMB) 2,529,426,468.61 2,378,726,820.22 6.34% 1,825,199,447.95 Net Profit Attributable to Shareholders of the Listed Company after Deducting Non-recurri