大华股份：2021年半年度报告（英文版）.PDF

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1、 2021 Semi-annual Report of Zhejiang Dahua Technology Co., Ltd. 1 Zhejiang Dahua Technology Co., Ltd. 2021 Semi-annual Report August, 2021 This document is a translated version of the Chinese version 2021 Semi-annual Report ( “2021 年半年度报告” ), and the published 2021 Semi-annual Report in the Chinese

2、version shall prevail. The complete published Chinese 2021 Semi-annual Report may be obtained at http:/. 2021 Semi-annual Report of Zhejiang Dahua Technology Co., Ltd. 2 Section I Important Notes, Contents and Definitions The Board of Directors, the Board of Supervisors, directors, supervisors and s

3、enior executives of the Company hereby guarantee that the information presented in this semi-annual report is authentic, accurate, complete and free of any false records, misleading statements or material omissions, and they will bear joint and several liability for such information. Fu Liquan, the

4、Companys legal representative, Xu Qiaofen, chief accountant, and Zhu Zhuling, person in charge of accounting institution (Accounting Officer) hereby declare and warrant that the financial statements in the Semi-Annual Report are authentic, accurate, and complete. All directors attended the meeting o

5、f the Board of Directors for deliberation of this annual report. During the reporting period, there was no significant change in the risks faced by the Company. The Company has been trying to identify all kinds of risks and actively take countermeasures to avoid and reduce the risks: 1. Covid-19 ris

6、ks: In the face of the Covid-19 outbreak, the Company has taken stringent prevention and control measures to protect the health of employees at home and abroad. In addition, the Company offers technological solutions to contribute to the global effort against the pandemic. 2. Supply chain security r

7、isks: In terms of supply security, the Company has comprehensively reviewed various potential supply risks through dedicated operations, and strengthened the sustainable and safe supply of key materials by means of research and development of backup scheme and diversified supply sources to ensure th

8、e security of the supply chain. 3. International operation risks: The Companys products and solutions cover more than 100 countries and regions overseas. International business operation may face trade 2021 Semi-annual Report of Zhejiang Dahua Technology Co., Ltd. 3 protection risks. In addition, th

9、e resurgence of Covid-19 around the world has resulted in more uncertainties to the overseas economic environment, which may adversely affect the development of the Companys local business. To actively prevent and respond to international business risks, the Company has established an overseas compl

10、iance and risk control system, continuously strengthened its understanding of and ability to adapt to the laws and regulations as well as the political and economic environment of the regions in which the Company operates, and formulated differentiated One Country, One Strategy national business str

11、ategies according to the political and economic changes in different regions to minimize business risks. 4. Foreign exchange risks: The Companys export transactions are mostly settled in United States Dollars (USD), while overseas business continues to grow. Therefore, fluctuations in the foreign ex

12、change rate may affect the profits of the Company. The Company attaches great importance to exchange rate risk control and adopts various means to effectively control such risks: on the one hand, it manages various currencies by category, guides the contracting in mainstream currencies and using suc

13、h currencies to hedge against the U.S. dollar while increasing the proportion of overseas localized contracting; for the countries contracted in non-mainstream currencies, exchange rate protection clauses and price adjustment mechanisms will be set in advance in the contracts to reduce the risk of e

14、xchange rate fluctuations; on the other hand, the Company effectively uses foreign exchange hedging and a series of derivative instruments, among others, to offset and hedge exchange rate risks without speculative purposes. 5. Business model change risks: With the development of technologies such as

15、 network communications, cloud computing, big data, and AI, and the upgraded uses of smartphones, business models in the IOT era may have an impact on the traditional industry development. If an enterprise cannot grasp opportunities brought about by the business model transformation in a timely mann

16、er, it may face the risk that the original market structure becomes broken. The Company continues to focus on and study the major changes in global economy, industry and technology, analyze the industry development logic, and predict the evolution of global security industry and IoT industry, the 20

17、21 Semi-annual Report of Zhejiang Dahua Technology Co., Ltd. 4 continuous integration of video, information communication and digital technologies, diversification and uncertainty of customer demands. While consolidating the advantageous market, The Company actively explores and pilots new businesse

18、s and new commercial mode, and carry out business and technical layout. 6. Technology upgrading risks: The video surveillance industry is a typical technology-intensive industry, featuring extremely fast changes. If the Company is unable to keep up with development trends in the industrys technology

19、, 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 innovation. By increasing R & D investment, the Company continues to strengthen research on core tech

20、nologies in AI, video cloud, machine vision and other fields, and reserves product, technology, management and talent resources for a broader market in the future, so as to achieve sustainable and steady development of business. 7. Product safety risks: The Company attaches great importance to and c

21、ontinuously strengthens resource investment to ensure safe and reliable operations of the security system so as to respond to the product security risks on the Internet. However, hackers attacks, computer viruses, physical security vulnerabilities, natural disasters, accidents, power interruptions,

22、telecommunications failures, terrorism, and warfare events may still occur from time to time, resulting in security vulnerabilities, system failures, or service interruptions. The Company has founded a cyber security committee, and set up a professional security team to develop company-level product

23、 safety plan, ensuring product safety in whole process from requirements to design, coding, and testing process. At the same time, the Company actively carry out technical exchanges and cooperation with mainstream safety enterprises, safety evaluation agencies and corresponding industry associations

24、 to provide customers with safe products and solutions. 8. Intellectual property risks: The promotion of the Companys globalization and self-owned brand strategy will likely bring about intellectual property risks and patent infringement, which may cause fluctuation in business relations and public

25、opinions, increasing lawsuits and rising costs. The Company attaches great importance to 2021 Semi-annual Report of Zhejiang Dahua Technology Co., Ltd. 5 technological innovation and has established protection and management mechanism for intangible assets such as innovation achievements, self-owned

26、 brands, trade secrets, and constantly gathers advantageous IP assets; With IP compliance risk control system, the Company continues to strengthen its ability to understand and grasp the IP laws and regulations, administrative and judicial environment of the region where the companys business is loc

27、ated in. The Company plans to pay no cash dividends, no bonus shares and no capital increase by way of capitalization of provident fund. 2021 Semi-annual Report of Zhejiang Dahua Technology Co., Ltd. 6 Contents Section I Important Notes, Contents and Definitions . 2 Section II Company Profile and Ke

28、y Financial Indicators . 12 Section III Management Discussion and Analysis . 15 Section IV Corporate Governance . 33 Section V Environmental and Social Responsibilities . 36 Section VI Significant Events . 37 Section VII Changes in Shares and Information about Shareholders . 61 Section VIII Informat

29、ion of Preferred Shares . 68 Section IX Situation on Corporate Bonds . 69 Section X Financial Report . 70 2021 Semi-annual Report of Zhejiang Dahua Technology Co., Ltd. 7 Documents Available for Reference I. Financial statements signed and sealed by Mr. Fu Liquan, the Companys legal representative,

30、Ms. Xu Qiaofen, chief accountant, and Ms. Zhu Zhuling, the person in charge of accounting institution. II. Original copies of all the Companys documents and announcements published on media designated by China Securities Regulatory Commission within the reporting period. III. Documents available for

31、 review at the securities department of the Company. 2021 Semi-annual Report of Zhejiang Dahua Technology Co., Ltd. 8 Definitions Item Refers To Definitions Reporting Period Refers To January 1, 2021 to June 30, 2021 Dahua, company, the company Refers To Zhejiang Dahua Technology Co., Ltd. Dahua Sys

32、tem Engineering Refers To Zhejiang Dahua System Engineering Co., Ltd. Dahua Vision Technology Refers To Zhejiang Dahua Vision Technology Co., Ltd. Dahua Security Network Refers To Zhejiang Dahua Security Network Operation Service Co., Ltd. Dahua Juan Refers To Zhejiang Dahua Juan Technology Co., Ltd

33、. Guangxi Dahua Information Refers To Guangxi Dahua Information Technology Co., Ltd. Dahua Security Refers To Zhejiang Dahua Security Service Co., Ltd. Guangxi Security Refers To Guangxi Dahua Security Service Co., Ltd. Huatu Microchip Refers To Zhejiang Huatu Microchip Technology Co., Ltd. Hangzhou

34、 Xiaohua Refers To Hangzhou Xiaohua Technology CO., LTD. Dahua Zhilian Refers To Zhejiang Dahua Zhilian Co., Ltd. Dahua investment management Refers To Zhejiang Dahua Investment Management Co., Ltd. South North United Refers To South-North United Information Technology Co., Ltd. Guangxi Zhicheng Ref

35、ers To Guangxi Dahua Zhicheng Co., Ltd. Hangzhou Huacheng Refers To Hangzhou Huacheng Network Technology Co., Ltd. Xinjiang Information Refers To Xinjiang Dahua Zhixin Information Technology Co., Ltd. HuaRay Technology Refers To Zhejiang HuaRay Technology Co., Ltd. Fuyang Huaao Refers To Hangzhou Fu

36、yang Huaao Technology Co., Ltd. Huafei Intelligent Refers To Zhejiang Huafei Intelligent Technology CO., LTD. Huachuang Vision Refers To Zhejiang Huachuang Vision Technology Co., Ltd. Guizhou Huayi Refers To Guizhou Huayi Shixin Technology Co., Ltd. Xinjiang Zhihe Refers To Xinjiang Dahua Zhihe Info

37、rmation Technology Co., Ltd. China Standard Intelligent Security Refers To China Standard Intelligent Security 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

38、Zhimeng Refers To Inner Mongolia Dahua Zhimeng Information Technology Co., Ltd. Xinjiang Zhitian Refers To Xinjiang Dahua Zhitian Information Technology Co., Ltd. 2021 Semi-annual Report of Zhejiang Dahua Technology Co., Ltd. 9 Xinjiang Xinzhi Refers To Xinjiang Dahua Xinzhi Information Technology C

39、o., Ltd. Xinjiang Huayue Refers To Xinjiang Dahua Huayue Information Technology Co., Ltd. Leapmotor Technology Refers To Zhejiang Leapmotor Technology Co., Ltd. Leapmotor Refers To Leapmotor Automobile Co., Ltd. Tianjin Dahua Refers To Tianjin Dahua Information Technology Co., Ltd. Dahua Zhilong Ref

40、ers To Hunan Dahua Zhilong Information Technology Co., Ltd. Huaxiao Technology Refers To Zhejiang Huaxiao Technology Co., Ltd. Vision Technology Refers To Zhejiang Fengshi Technology Co., Ltd. Xian Dahua Zhilian, Xian Dahua Refers To Xian Dahua Zhilian Technology Co., Ltd. Wuxi Ruipin Refers To Wuxi

41、 Dahua Ruipin Technology Co., Ltd. Huaxuan Technology Refers To Zhejiang Huaxuan Technology Co., Ltd. Beijing Huayue Refers To Beijing Huayue Shangcheng Information Technology Service Co., Ltd. Shanghai Huashang Refers To Shanghai Huashang Chengyue Information Technology Service Co., Ltd. Dahua Jinz

42、hi 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 Hong Kong Refers To Dahua Technology (HK) Limited Zhoushan Operation Refers To Zhejiang

43、Zhoushan Digital Development Operation Co., Ltd Yunnan Zhili Refers To Yunnan Zhili Technology Co., Ltd Guangxi Dahua Technology Refers To Guangxi Dahua Technology Co., Ltd. Dahua Storage Refers To Zhejiang Dahua Storage Technology Co., Ltd. Huaruijie Refers To Zhejiang Huaruijie Technology Co., Ltd

44、. Chengdu Zhilian Refers To Chengdu Dahua Zhilian Information Technology Co., Ltd. Chengdu Zhian Refers To Chengdu Dahua Zhian Information Technology Service Co., Ltd. Chengdu Zhishu Refers To Chengdu Dahua Zhishu Information Technology Service Co., Ltd. Chengdu Zhichuang Refers To Chengdu Zhichuang

45、 Yunshu Technology Co., Ltd. Chengdu Smart Refers To Chengdu Huishan Smart Network Technology Co., Ltd. Huakong Software Refers To Zhejiang Huakong Software Co., Ltd. Xinsheng Electronic Refers To Zhejiang Xinsheng Electronic Technology Co., Ltd. Huacheng Software Refers To Hangzhou Huacheng Softwar

46、e Technology Co., Ltd. Guizhou Dahua Refers To Guizhou Dahua Information Technology Co., Ltd. Henan Dahua Refers To Henan Dahua Zhilian Information Technology Co., Ltd. Waythcan Refers To Zhejiang Waythcan Technology Co., Ltd. 2021 Semi-annual Report of Zhejiang Dahua Technology Co., Ltd. 10 Zhengzh

47、ou Dahua Zhian Refers To Zhengzhou Dahua Zhian Information Technology Co., Ltd. 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

48、Refers To Dahua Technology Chile SPA Dahua Malaysia Refers To Dahua Security Malaysia SDN. Bhd. Dahua Korea Refers To Dahua Technology Korea Company Limited Dahua Indonesia Refers To Pt. Dahua Vision Technology Indonesia Dahua Colombia Refers To Dahua Technology Colombia S.A. S Dahua Australia Refer

49、s 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 Dahua Peru Refers To Dahua Technology Per S.A.C Dahua Russia Refers To Dahua Technology Rus Limited Liability Company

50、 Dahua Brazil Refers To Dahua Technology Brasil Com rcio E Servi os Em Seguran a Eletrnica Ltda Dahua Canada Refers To Dahua Technology Canada Inc. Dahua Panama Refers To Dahua Technology Panama S.A. Dahua Hungary Refers To Dahua Technology Hungary KFT Dahua Poland Refers To Dahua Technology Poland