Hikvision Reports Solid Financial Performance for 2024 and Q1 2025

On May 2, 2025, Hikvision, a leading global enterprise in security technology, unveiled its financial results for the entirety of 2024 as well as the first quarter of 2025. The report highlights significant growth in revenue and profitability, showcasing Hikvision's resilience amidst market uncertainties.

In 2024, Hikvision achieved total revenues amounting to 92.496 billion yuan, marking a year-on-year increase of 3.53%. The company's revenue for the first quarter of 2025 reached 18.532 billion yuan, representing a 4.01% uptick compared to the same period the previous year. Concurrently, the net profit attributable to shareholders stood at 2.039 billion yuan, reflecting a substantial year-on-year growth of 6.41%.

Over the past two decades, Hikvision has solidified its status as a leader in the security sector, developing a sophisticated AIoT ecosystem that comprises over 30,000 products. The company's commitment to continuous progress is evident through its strategic focus on navigating market uncertainties with a positive, cautious approach. While maintaining its dominance in the domestic security market, Hikvision is actively working towards expanding its presence in international markets and pursuing innovative business opportunities.

In 2024, international revenue soared, contributing 25.989 billion yuan, which represents 28.10% of total income and a remarkable 8.39% year-on-year increase. Hikvision's global footprint extends across over 180 countries and regions, with developing markets accounting for more than 70% of its international revenues. This stable increase in foreign trade earnings has become a critical driver of the company’s overall profit growth.

Moreover, innovation remains at the forefront of Hikvision's strategy, with revenues from its innovation initiatives reaching 22.484 billion yuan in 2024. The company's emphasis on research and development has led to a substantial investment of 11.864 billion yuan, which corresponds to 12.83% of total revenues. This investment has facilitated the establishment of a multi-tiered R&D system centered at its headquarters while extending to crucial regions both domestically and internationally.

A significant development in this area includes the active advancement of AIoT technologies, featuring the company’s large-scale AI models known as Guanlan, which integrate visual, linguistic, and multimodal capabilities. Such innovations have substantially improved Hikvision's product and solution recognition, exemplified by an impressive 90% reduction in false alarms in perimeter protection scenarios, enabled by expansive vision models.

Looking forward, Hikvision is committed to a strategy of high-quality growth, emphasizing innovation, efficiency enhancements, and long-term sustainability. With the integration of cutting-edge technologies, the company aims to accelerate scenario-based digitalization across various sectors, fueling further success in this dynamic market.

Hikvision's proactive measures in enhancing its R&D capabilities and market expansion strategies position the company for sustained success in the ever-evolving technology landscape. As it navigates the challenges ahead, Hikvision remains dedicated to delivering high-performance and innovative solutions worldwide.

For more information, visit their official site or see their latest press release here.

Hikvision Financial Results