Hikvision Highlights 2024 Financial Performance and 2025 Q1 Results
Hikvision, a leading player in the security industry, recently unveiled its financial results for the year 2024 and the first quarter of 2025. For the full year of 2024, the company reported total revenues of 92.496 billion RMB, reflecting a year-over-year increase of 3.53%. In the first quarter of 2025, revenues reached 18.532 billion RMB, an increase of 4.01% year-over-year. Moreover, net profit attributable to shareholders rose to 2.039 billion RMB, marking a substantial rise of 6.41%.
In its effort to establish itself as a global leader in the security sector, Hikvision has developed a robust AIoT ecosystem with over 30,000 products, demonstrating a commitment to innovation and steady growth despite market uncertainties. The company not only maintains its leadership in home security solutions but also seeks opportunities for expansion in international markets and innovative enterprises. Emphasizing profitability, Hikvision is undergoing an organizational transformation and enhancing management practices to support long-term sustainable development.
One of the standout achievements of Hikvision in the past year is its strengthened international market presence, with revenues from overseas markets climbing to 25.989 billion RMB, accounting for 28.10% of total revenues and representing an 8.39% increase year-over-year. The company has successfully penetrated 180 countries and regions, with emerging markets contributing to over 70% of this revenue stream. The consistent revenue growth from international operations has become a critical influence on the company's overall performance.
Additionally, Hikvision has reported growth in its innovative endeavors, with revenues reaching 22.484 billion RMB. In continued pursuit of R&D, the company invested 11.864 billion RMB in 2024, which constituted 12.83% of total revenues. Over the years, Hikvision has established a multi-tiered R&D framework, supported by the capabilities of its headquarters radiating to key regions within China and abroad. Among its latest innovations, Hikvision is actively advancing AIoT technologies, using large-scale AI models known as Guanlan, which integrate vision, language, and multimodality. Such advancements have significantly improved the cognitive and perceptual capabilities of Hikvision’s product offerings. For instance, in perimeter protection, large visual models have the potential to reduce false alarms by up to 90%.
Looking ahead, Hikvision is resolutely implementing a high-quality development strategy that prioritizes innovation, enhances efficiency, and ensures sustainability. As it moves into 2025 and beyond, the company remains committed to adapting to the evolving market landscape while fostering its leadership position within the security technology sector.
For further details on the financial results, visit the official Hikvision website.
In its effort to establish itself as a global leader in the security sector, Hikvision has developed a robust AIoT ecosystem with over 30,000 products, demonstrating a commitment to innovation and steady growth despite market uncertainties. The company not only maintains its leadership in home security solutions but also seeks opportunities for expansion in international markets and innovative enterprises. Emphasizing profitability, Hikvision is undergoing an organizational transformation and enhancing management practices to support long-term sustainable development.
One of the standout achievements of Hikvision in the past year is its strengthened international market presence, with revenues from overseas markets climbing to 25.989 billion RMB, accounting for 28.10% of total revenues and representing an 8.39% increase year-over-year. The company has successfully penetrated 180 countries and regions, with emerging markets contributing to over 70% of this revenue stream. The consistent revenue growth from international operations has become a critical influence on the company's overall performance.
Additionally, Hikvision has reported growth in its innovative endeavors, with revenues reaching 22.484 billion RMB. In continued pursuit of R&D, the company invested 11.864 billion RMB in 2024, which constituted 12.83% of total revenues. Over the years, Hikvision has established a multi-tiered R&D framework, supported by the capabilities of its headquarters radiating to key regions within China and abroad. Among its latest innovations, Hikvision is actively advancing AIoT technologies, using large-scale AI models known as Guanlan, which integrate vision, language, and multimodality. Such advancements have significantly improved the cognitive and perceptual capabilities of Hikvision’s product offerings. For instance, in perimeter protection, large visual models have the potential to reduce false alarms by up to 90%.
Looking ahead, Hikvision is resolutely implementing a high-quality development strategy that prioritizes innovation, enhances efficiency, and ensures sustainability. As it moves into 2025 and beyond, the company remains committed to adapting to the evolving market landscape while fostering its leadership position within the security technology sector.
For further details on the financial results, visit the official Hikvision website.
Topics Consumer Technology）
【About Using Articles】
You can freely use the title and article content by linking to the page where the article is posted.
※ Images cannot be used.
【About Links】
Links are free to use.