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HANGZHOU, China /December 08, 2016 — Morning of December 3rd,Mr. Ma Ka, Vice-Premier, State Council, Member of the Politburo of the CPC Central Committee, visited Zhejiang Dahua Technology Co., Ltd.. Mr. Ma was accompanied by the following distinguished guests: Mr. Miao Wei, Minister of Ministry of Industry and Information Technology, Mr. Xiao Yaqing, Chairman of State-Owned Assets Supervision and Administration Commission, Mr. Zhao Yide, Member of the Standing Committee of Zhejiang Provincial Committee of CPC，and the Secretary of Hangzhou Municipal Committee of the CPC, Mr. Feng Fei, Vice Governor of Zhejiang Province, and Mr. Zhang Hongming, Mayor of Hangzhou City. Mr. Fu Liquan, Chairman and CEO of Zhejiang Dahua Technology Co., Ltd., Mr. Zhu Jiangming, Executive Vice President and Member of the Board of Director, together with Vice President Mr. Wu Jian, Mr. Wu Yunlong and Mr. Zhang Wei hosted the reception.
Vice-Premier Mr. Ma Kai and the distinguished guests visited Dahua’s New Products and Industry Solutions showroom, to learn about the performance and applications of Dahua’s core technologies. The distinguished guests appreciated Dahua’s long-term investment in R&D and development of its own semi-conductor chipset. They were delighted to see world class solutions developed autonomously in a safe and manageable way by Chinese enterprises.
There were several highlights during the visit. Vice-Premier Mr. Ma Kai interacted with Dahua’s Face Recognition, Cloud Computing/Synopsis, and Thermal Imaging systems with great interest. He spent some time to look into the products from Dahua’s new business of Industrial Camera, UVA, AR/VR, and the beloved Smart Home product Le Change. When the guests visited the Safe City Solution and Big Data of People &Vehicle sections, Mr. Ma Kai gave a thumbs-up to the capabilities of Dahua’s Big Data. He thoroughly reviewed Dahua’s performance in G20 security and Safe City Solution in Feng Hua City.
Mr. Fu Liquan presented the state of Dahua’s organization growth, technology innovation, business development and its international expansion. The distinguished guests were gratified with Dahua’s growth in revenue and profit in the first 3 quarters of 2016.They expressed their interest in Dahua’s planned new facility in Fu yang City (50km from Hangzhou). The new facility is designed to be an Intelligent (IoT) Industrial Park. It will be a showcase of intelligent manufacturing in cooperation with German Industry 4.0 standard.
In order to augment its core competency, Dahua has established 3 research institutes to look into core processing chipset, advanced algorithm, and big data. The output of these 3 research institutes will ensure the autonomous development and continuous delivery of innovative products in a safe and manageable manner. Currently, Dahua technology is laying out its plan to achieve CNY 100 Billion scale. Through PPP (Public-Private Partnership) new business model, Dahua is realizing the extension from selling solutions of Safe City and Smart Traffic, to PPP model of Smart City. Following China’s national overseas strategy of “One Belt One Road”, Dahua will participate in the promotion of PPP programs and BOT programs in related countries. Dahua’s strategic involvement in more than 10 video-related businesses such as UVA, machine vision, Le Change Child Care Robot and AR/VR are also of great importance to Dahua’s future.