Reducing Activities: company scaling back some business operations while continuing others
Stay Scaling Back
Zhejiang Dahua Technology Co., Ltd. is a partly state-owned publicly traded company based in Binjiang District, Hangzhou, which manufactures video surveillance equipment. It was founded in 2001 by Fu Liquan. Dahua Technology has been listed on the Shenzhen Stock Exchange since its IPO in 2008.
Reducing Activities: company scaling back some business operations while continuing others
Stay Scaling BackThe Russian office of Dahua Technology has been operating since 2017.
Initially promised to terminate all deliveries to Russia, everything that will not be sold by March 24 and will remain in Russian warehouses, Dahua will take it back. But the company continued to work on the Russian market. The main difficulties in the formation of a profitable pricing policy in 2022 were associated with the volatility of the ruble. "Dahua Russia" is the main distributor of products in the Russian Federation and works in the B2B segment. As a result, the main partners of Dahua Russia, distribution networks and flagship stores adopted a wait-and-see policy and suspended the purchase of goods. Included in the list of international war sponsors by NACP. Significantly reduced revenue in 2023 vs 2022.