#China #Hangzhou #financial results #AIoT #Hikvision

Hikvision Unveils Financial Performance for 2024 and Q1 2025

Hikvision, a global leader in security technology, has recently disclosed its financial outcomes for the full year of 2024 along with the first quarter of 2025. The total revenue for 2024 reached an impressive RMB 92.496 billion, signifying a year-over-year growth of 3.53%. In an encouraging start to 2025, the company reported a revenue of RMB 18.532 billion in the first quarter, reflecting a 4.01% increase compared to the same period last year. The net profit attributable to shareholders also saw a positive trend, rising to RMB 2.039 billion, which is a 6.41% increase year-over-year.

For over twenty years, Hikvision has proven itself as a formidable player in the security domain, continuously advancing its Artificial Intelligence of Things (AIoT) ecosystem that now includes over 30,000 products. Staying true to its commitment to sustainable growth, the company aims to navigate global challenges with a strategic and thoughtful approach. Hikvision is determined to retain its status as a leader in the domestic security market while simultaneously expanding its reach in international markets.

The company’s overseas revenue has strengthened significantly, making up 28.10% of total revenue at RMB 25.989 billion, which marks an 8.39% increase year-on-year. This growth from international markets is crucial, with emerging markets contributing over 70% of this overseas revenue, underlining the expansion's importance in driving overall profitability. Furthermore, Hikvision's innovative business segments have fared well, producing revenues of RMB 22.484 billion, showcasing the company’s prowess in leveraging innovation for sustained betterment.

Research and Development (R&D) remains a cornerstone for Hikvision, demonstrated by its robust investment of RMB 11.864 billion in 2024—which corresponds to 12.83% of its total revenue. Over time, the company has cultivated a multi-tiered R&D structure centralized at its headquarters yet radiating its capabilities globally to key markets. Their latest technological initiatives include advancements in AIoT, with the introduction of Guanlan Large-Scale AI Models which integrate various capabilities such as vision and language processing. These innovations have greatly improved the effectiveness and reliability of Hikvision’s offerings, evident from enhancements in perimeter protection that have led to a significant decrease in false alarms.

Looking to the future, Hikvision remains resolute in its objectives of achieving high-quality growth, emphasizing innovation, efficiency, and long-term sustainability. As the technological landscape continues to evolve, Hikvision seeks to stay at the forefront, firmly positioning itself as a leader that not only adapts to change but also drives it forward. The latest financial results are a testament to Hikvision's resilient strategy and dedication to excellence in security and technology.