Hikvision Reports Robust Financial Growth for 2024 and Q1 2025
Hikvision, a global leader in security technology, recently disclosed its financial performance for the entire year of 2024 and the first quarter of 2025. The company's total revenue for 2024 reached an impressive 92.496 billion RMB, reflecting a growth of 3.53% compared to the previous year. In the first quarter of 2025 alone, Hikvision reported revenues of 18.532 billion RMB, marking an increase of 4.01% from the same period last year. The attributable net profit for shareholders also saw a notable rise, amounting to 2.039 billion RMB, representing an increase of 6.41% year-on-year.
Over the past two decades, Hikvision has established itself as a powerhouse in the security sector, demonstrating a robust commitment to expanding its AIoT ecosystem which now encompasses over 30,000 products. The company reported a firm commitment to continuous progress, meeting uncertainties with a proactive and prudent strategy. It maintained its dominant position in the domestic security market while simultaneously pursuing growth in overseas territories and innovative business sectors. With a focus on profitability, Hikvision is driving organizational transformation and refining management practices to support sustainable growth.
Interestingly, the company significantly increased its overseas presence, achieving 25.989 billion RMB in revenue from international markets, accounting for 28.10% of its total revenue and reflecting an 8.39% growth year-on-year. Hikvision's foreign sales spanned more than 180 countries and regions, with emerging markets making up over 70% of this revenue. The steady increase in overseas earnings has proven to be a vital growth driver for the company's overall profits. At the same time, Hikvision's innovation segment continued to thrive, generating a revenue of 22.484 billion RMB.
In 2024, R&D remained a priority for Hikvision, with an investment of 11.864 billion RMB dedicated to research and development, which equates to 12.83% of total revenue. Over the years, the company has built a multi-tiered R&D ecosystem centered around the capabilities at its headquarters, extending its influence to key regions both domestically and internationally. Among its recent advancements, Hikvision is actively promoting its KIoT technologies, incorporating large-scale AI models that seamlessly integrate vision, speech, and multimodal capabilities. These innovations have significantly enhanced the perception and recognition abilities of Hikvision's products and solutions.
A notable achievement includes the reduction of false alarms in perimeter security systems by as much as 90%, thanks to the sophisticated capabilities of its large-scale AI models. Looking ahead, Hikvision plans to adopt a strategy focused on high-quality growth, emphasizing innovation enhancements, efficiency improvements, and ensuring long-term sustainability. With a clear direction and unwavering commitment to revolutionizing security technology, Hikvision appears poised to maintain its leadership role in the industry while achieving meaningful advancements over the coming years.
Over the past two decades, Hikvision has established itself as a powerhouse in the security sector, demonstrating a robust commitment to expanding its AIoT ecosystem which now encompasses over 30,000 products. The company reported a firm commitment to continuous progress, meeting uncertainties with a proactive and prudent strategy. It maintained its dominant position in the domestic security market while simultaneously pursuing growth in overseas territories and innovative business sectors. With a focus on profitability, Hikvision is driving organizational transformation and refining management practices to support sustainable growth.
Interestingly, the company significantly increased its overseas presence, achieving 25.989 billion RMB in revenue from international markets, accounting for 28.10% of its total revenue and reflecting an 8.39% growth year-on-year. Hikvision's foreign sales spanned more than 180 countries and regions, with emerging markets making up over 70% of this revenue. The steady increase in overseas earnings has proven to be a vital growth driver for the company's overall profits. At the same time, Hikvision's innovation segment continued to thrive, generating a revenue of 22.484 billion RMB.
In 2024, R&D remained a priority for Hikvision, with an investment of 11.864 billion RMB dedicated to research and development, which equates to 12.83% of total revenue. Over the years, the company has built a multi-tiered R&D ecosystem centered around the capabilities at its headquarters, extending its influence to key regions both domestically and internationally. Among its recent advancements, Hikvision is actively promoting its KIoT technologies, incorporating large-scale AI models that seamlessly integrate vision, speech, and multimodal capabilities. These innovations have significantly enhanced the perception and recognition abilities of Hikvision's products and solutions.
A notable achievement includes the reduction of false alarms in perimeter security systems by as much as 90%, thanks to the sophisticated capabilities of its large-scale AI models. Looking ahead, Hikvision plans to adopt a strategy focused on high-quality growth, emphasizing innovation enhancements, efficiency improvements, and ensuring long-term sustainability. With a clear direction and unwavering commitment to revolutionizing security technology, Hikvision appears poised to maintain its leadership role in the industry while achieving meaningful advancements over the coming years.
Topics Business Technology）
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