Hikvision announces half-year financial results

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26 Jul, 2018, 08:07 GMT

(January – June 2018)

HANGZHOU, China, July 26, 2018 /PRNewswire/ -- Hikvision, the world's leading provider of innovative video surveillance products and solutions, has reported a total turnover of RMB 20.88 billion for the 1^st half of 2018. The year-on-year revenue growth was 26.92%, and net profit attributable to shareholders was RMB 4.15 billion, up by 26.00%.

	2018 First Half Year	2017 First Half Year	YoY Growth (%)
Total Operating income (RMB)	20,875,758,224.63	16,447,539,736.52	26.92%
Net profits attributable to shareholders of the Company (RMB)	4,147,395,535.86	3,291,546,056.70	26.00%

Driven by innovation and value generation for its partners and end-customers, Hikvision continued its extensive development of leading technology, products and solutions with video technology and Artificial Intelligence (AI) as the core. One example of this is the Hikvision AI Cloud vision and framework that was introduced at the AI Cloud World Summit held in Hangzhou in March 2018, which includes building an AI industry ecosystem to accelerate the development of AI technologies, applications and services.

Hikvision remained focused on improving the management and operational efficiency of the company while also strengthening channel marketing, project sales and technology partner collaboration.

To drive continuing commercial success and growth, Hikvision is expanding its operations at home and abroad with major investments in local sales, marketing and service networks. During the first half of 2018, the company established more than 10 new regional offices in the overseas markets, which will further help improve sales, delivery and customer support offerings in local markets.

For the full half-year financial report, please visit here.

About Hikvision

Hikvision is the world's leading provider of innovative video surveillance products and solutions. Featuring the industry's strongest R&D workforce, Hikvision advances core technologies of audio and video encoding, video image processing, and related data storage, as well as forward-looking technologies such as cloud computing, big data, and deep learning. In addition to the video surveillance industry, Hikvision extends its reach to smart home tech, industrial automation, and automotive electronics industries to achieve its long-term vision. Always creating value for its customers, Hikvision operates 37 regional subsidiaries all over the world to achieve a truly global presence. For more information, please visit us at www.hikvision.com.