Hytera reports strong growth

Hytera achieved 56% year-on-year revenue growth in 2017, according to its latest annual report. The company generated total revenue of 5.4 billion RMB Yuan, with revenue from mainland China growing at 8.9% year-on-year during the reporting period.

Revenue from regions outside of mainland China, including from newly acquired subsidiaries, grew 115% in 2017, accounting for 60% of the total revenue.

The annual report shows that the proportion of revenue generated from digital products continued to increase, with year-on-year growth of 66%, while revenues from analog products were down 7.9%, reflecting customer shift to digital.

The contribution from Hytera’s systems portfolio increased substantially, accounting for 37% of total revenue with year-on-year growth at 90%.

Revenue from other portfolios (mainly from communications vehicles) grew 15.3% year-on-year.

The company said that all of its newly acquired subsidiaries (such as Sepura and Norsat) achieved their sales targets.

The company continues to pour money into R&D, with R&D investment increasing by 58% year-on-year to 915 million RMB Yuan, representing 17% of revenues.

Hytera now has more than 90 branches and offices worldwide, plus 4000 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,” said Qingzhou Chen, the company’s president and CEO.

“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,” said Chen.

“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.”

Looking ahead, Yelin Jiang, Senior Vice President of Hytera, said, “We will, on the one hand, continue to focus on developing ‘Application, System and Terminal’ innovations in order to create world-leading products which include convergent terminals, convergent systems and convergent intelligent command and control centres, providing customisable and comprehensive industry 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 added.

“We believe that together with our ecosystem, we can make the world safer.”

Pictured: Qingzhou Chen, Hytera's President and CEO (left) and Yelin Jiang, the company's Senior Vice President.

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