Dahua Tech (SZSE:002236) announces 2024 results, plans dividend

Zhejiang Dahua Technology (SZSE:002236) today released its 2024 annual report, showcasing operating revenue of RMB32.18 billion, a minor decrease of 0.12% year-over-year. Net profit attributable to shareholders reached RMB2.347 billion after deducting non-recurring gains and losses, down 20.74% YOY. Based on these results, the board will propose a cash dividend of RMB4.58 (tax included) for every 10 shares. The company is heavily investing in R&D (RMB4.213 billion in 2024, up 6.20% YoY), focusing on AI, big data, and IoT technologies. The company emphasizes core operations, including video-centric AIoT solutions, and is addressing challenges like technology upgrades, and potential disruptions in international operations. Dahua is further expanding its global presence and has established 68 overseas subsidiaries and its products and services cover more than 180 countries and regions.