Country for PR: China
Contributor: PR Newswire Asia (China)
Wednesday, July 24 2019 - 14:21
AsiaNet
Hikvision announces half-year financial results (January - June 2019)
HANGZHOU, China, July 24, 2019 /PRNewswire-AsiaNet/ --

Hikvision, the world's leading provider of innovative security products and 
solutions, has reported a total operating revenue of RMB 23.92 billion for the 
first half of 2019, representing a year-over-year (YoY) growth of 14.60%. Net 
profits attributable to shareholders of the Company amounted to RMB 4.22 
billion, a growth of 1.67% YoY. The Company also reported strong financial 
performance during the second quarter of 2019, with 21.46% growth YoY in total 
operating revenue and 14.98% growth YoY in net profits. 


                 2019 First Half Year   2018 First Half Year    YoY Change (%)
                                              (Adjusted)     
Total Operating 
income (RMB)      23,923,273,424.50      20,875,758,224.63         14.60%


Net profits 
attributable to 
shareholders of   4,216,755,210.24        4,147,395,535.86         1.67%
the Company (RMB)


Photo - https://photos.prnasia.com/prnh/20190724/2533066-1
caption: Hikvision 2019 HY financial news banner

Note: the Company performed a retrospective adjustment or restatement of 
previous accounting data for business merger under the common control and the 
first implementation of New Financial Instrument Guidelines.

The Company maintained strong investment in R&D and accelerated development of 
trending technologies such as deep learning, big data, and intelligent IoT, 
which will enable the Company to stay ahead of the curve in innovation for the 
security industry. 

During the first half of 2019, the Company further strengthened its operations 
at home and abroad with continued investment in local sales, marketing, and 
customer services operations. 

Hikvision was also pleased to see its new businesses - EZVIZ, HikRobotics, 
Automotive Electronics, and Intelligent Storage - continue to flourish, 
gradually becoming a new source of development and long-term growth.

For the full half-year financial report, please visit here:
https://oversea-download.hikvision.com/uploadfile/Investment%20Relationship/Hikvision%202019%20Half%20Year%20Reprot.pdf 


About Hikvision

Hikvision is a world leading provider of security products and solutions. 
Featuring an extensive and highly skilled R&D workforce, Hikvision manufactures 
a full suite of comprehensive products and solutions for a broad range of 
vertical markets. In addition to the security industry, Hikvision extends its 
reach to smart home tech, industrial automation, and automotive electronics 
industries to achieve its long-term vision. Hikvision products also provide 
powerful business intelligence for end users, which can enable more efficient 
operations and greater commercial success. Committed to the utmost quality and 
safety of its products, Hikvision encourages partners to take advantage of the 
many cybersecurity resources Hikvision offers, including the Hikvision 
Cybersecurity Centre. For more information, please visit us at 
www.hikvision.com. 

source: Hikvision Digital Technology Co., Ltd.

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   Caption: Hikvision 2019 HY financial news banner

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