Hytera Reports 56% Revenue Increase in 2017 Annual Report
Wednesday, April 18, 2018 | Comments

Hytera Communications released its 2017 annual report, noting the firm generated revenues of 5.4 billion Chinese yuan (US$860.6 million) in 2017, up 56 percent year-on-year.

Revenue from mainland China increased steadily at 8.9 percent year-on-year, while revenue from territories outside of mainland China, including the newly acquired subsidiaries of Sepura and Norsat, increased 115 percent in 2017, accounting for 60 percent of total revenue. All newly acquired subsidiaries achieved their sales targets.

The proportion of revenue generated from digital products continued to increase steadily, with year-on-year growth at 66 percent, while revenues from analog products were down 7.9 percent as customers migrated to Hytera’s digital technologies. The revenue contribution from the systems portfolio increased significantly, accounting for 37 percent of total revenue with year-on-year growth at 90 percent. The revenue generated from other portfolios, mainly from communications vehicles, increased 15.3 percent year-on-year.

Qingzhou Chen, president and CEO of Hytera, said 2017 was a year of transition for Hytera’s global development as it announced its intention to lead the transformation of the mobile radio (PMR) communications industry and completed the acquisitions of Sepura and Norsat.

From analog radios to Digital Mobile Radio (DMR), Professional Digital Trunking (PDT) and TETRA digital products and solutions, Hytera continues to implement a globalization strategy, moving in to new markets, strengthening industrial integration and business partner relationships.

The May 2017 acquisition of Sepura helped Hytera strengthen its professional TETRA portfolio through the integration of Sepura’s TETRA terminals and infrastructure product lines, and enhanced the group’s technical capabilities in TETRA. In July, Hytera completed the acquisition of Norsat in Canada. This move enabled Hytera to enter the field of satellite communications, providing PMR users with more integrated solutions by adding Norsat’s products to the expanding Hytera product line.

The PMR-Long Term Evolution (LTE) convergent product line was launched in May 2017, with a number of commercial deployments already across the globe. In the Chinese market, Hytera deployed broadband demo systems in a number of cities, laying a foundation for the promotion and large-scale application of broadband products in the near future.

PMR research and development (R&D) investment increased by 58 percent year-on-year to 915 million Chinese yuan (US$145.8 million), representing 17 percent of revenues. Hytera has set up more than 90 branches and offices worldwide, with more than 4,000 dealers, integrators and business partners, supported by sales and service networks covering more than 120 countries and regions.

“Hytera will continue to focus on the public-safety market, expand our business into more industrial sectors, and always grow together with our business partners,” Chen said. “While we are successfully supporting our customers in China, we will also penetrate the overseas high-end industrial markets through our great products, services and the superior value that we can deliver to end users. We believe that with our better connected, more intelligent PMR technologies, delivered by a global team of professionals, we can help our customers to increase their situational awareness, collaboration and response rate.”

Governments all over the world, especially developed countries in Europe and the United States, are increasingly demanding more intelligence and increased convergence from their PMR emergency communication products. Hytera is leading the global PMR industry into a new generation of convergence, enabling public-safety agencies to upgrade their technology, professionalism and response rate with urgency, the company said.

In 2017 Hytera continued to upgrade its manufacturing capabilities through IT and data technologies, aligned with the intelligent Hytera Production System (iHPS) strategy, deploying more high-end manufacturing lines and improving automation. This comprehensive strategy also implemented Quality 4.0, improving the product quality and customer experience across Hytera products.

Hytera said it has developed internet of things (IoT) products and solutions that integrate and provide turnkey services for public safety, emergence response services to fire and rescue, and emergency management and daily operation for mining, utilities, agriculture, forestry and other industrial customers.

In 2018, Yelin Jiang, senior vice president of Hytera, said the company will continue to focus on developing application, system and terminal innovations to create world-leading products that include convergent terminals, systems, and intelligent command and control centers, providing customizable and comprehensive solutions based on specific customer needs. “On the other hand, we will implement our product ecosystem and customer ecosystem strategy, for the purpose of driving technological innovation and global business development,” he said. “We believe that together with our ecosystem, we can make the world safer.”

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