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Hikvision's Financial Results for 2024 and Q1 2025

Hikvision, the global frontrunner in AI-powered security solutions, has released its financial performance for the full year of 2024 and its first-quarter results for 2025, marking a notable period of growth. In 2024, the company reported total revenue of RMB 92.496 billion, achieving a commendable year-on-year growth of 3.53%. For the first quarter of 2025, Hikvision recorded revenues amounting to RMB 18.532 billion, which indicates a promising increase of 4.01% from the previous year. Additionally, net profit attributable to shareholders stood at RMB 2.039 billion, reflecting a robust 6.41% rise compared to the earlier year.

Over the past two decades, Hikvision has cemented its status as a global security leader, establishing a strong AIoT ecosystem with a diverse product range of over 30,000 items. The company continues its journey with a stable and strategic growth approach, showing resilience amidst market uncertainties. With a commitment to maintaining its lead in domestic security markets while exploring opportunities in overseas markets, Hikvision is redefining its growth narrative through innovation.

An important highlight of the report was the significant growth in international revenue, which reached RMB 25.989 billion, accounting for 28.10% of total revenue, demonstrating an 8.39% increase year-on-year. The company has expanded its footprint across over 180 countries and regions, with developing markets accounting for more than 70% of this revenue. This steady expansion into international markets has become a pivotal contributor to Hikvision's overall profit growth, illustrating the effectiveness of its global strategy.

Moreover, Hikvision's innovation-driven approach has seen its burgeoning businesses grow significantly. Reported revenue from these segments was RMB 22.484 billion, underscoring the importance of innovation in driving the company's success. The firm has emphasized its R&D endeavors, investing RMB 11.864 billion—12.83% of its total revenue—toward enhancing its product offerings and technological capabilities.

Hikvision is advancing AIoT technologies with its latest achievement—Guanlan Large-Scale AI Models—encompassing advanced capabilities in vision, language, and multimodal integration. These developments have significantly enhanced the ability of Hikvision's offerings, such as improving the accuracy of perimeter protection systems and reducing false alarms by 90%. This focus on leveraging cutting-edge technology pools together the core elements of perception and cognition, amplifying the potential of Hikvision's solutions in various industries.

Looking forward, Hikvision is committed to its high-quality growth strategy, with an intensified focus on innovation and operational efficiency to foster sustainable long-term development. The company continues to refine its management practices while nurturing a transformative organizational culture, all aimed at reinforcing its market position and delivering superior value to customers. As it navigates the complexities of the modern business landscape, Hikvision remains a quintessential example of innovation-driven growth in the technology sector. With aspirations of further enhancing its global presence, Hikvision is well-positioned for future successes in the fast-evolving landscape of security technology.

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