#China #Hangzhou #Financial Growth #AIoT #Hikvision

Hikvision's Financial Results for 2024 and Q1 2025

Hikvision, a prominent name in the security industry, recently announced its financial outcomes for the entire year of 2024 alongside the first quarter of 2025, demonstrating notable growth and resilience in these uncertain times. In 2024, Hikvision recorded total revenues amounting to 92.496 billion RMB, reflecting a year-over-year increase of 3.53%. The company reported first-quarter earnings in 2025 of 18.532 billion RMB, marking a 4.01% rise compared to the same period the previous year. The net profit attributable to shareholders reached 2.039 billion RMB, which is an encouraging growth of 6.41%.

Over the last two decades, Hikvision has secured its position as a global leader in the security sector, having developed a robust AIoT ecosystem comprised of over 30,000 products. The company's commitment to innovation and excellence enables it to navigate through market uncertainties with confidence. Staying competitive in the domestic security market while expanding into overseas markets remains a priority for Hikvision, alongside bolstering its innovative business segment.

To foster profitability, Hikvision is undergoing organizational transformation aimed at refining management practices to support sustainable growth. At the forefront, the company is leveraging significant advancements in AI technology to accelerate digitalization across various industries. This strategic shift focuses on enhancing operational efficiencies and maximizing revenue opportunities.

In 2024, Hikvision made significant strides in overseas presence, with international business revenues climbing to 25.989 billion RMB, constituting 28.10% of total revenues, which exhibits a year-over-year growth of 8.39%. The company's international revenues span over 180 countries and regions, with more than 70% derived from developing markets. This stable growth trajectory in overseas revenue serves as a critical driver for Hikvision's overall profit expansion.

Simultaneously, the innovative arm of Hikvision continues its rapid ascent, achieving impressive revenue figures of 22.484 billion RMB. The company prioritizes research and development (R&D), having invested 11.864 billion RMB in this area, which accounts for 12.83% of total revenues. Over the years, Hikvision has established a multi-tiered R&D system, with capabilities expanding from the headquarters into key regions both domestically and internationally.

In its latest advancements, Hikvision is investing in AIoT technologies, utilizing its large-scale AI models—Guanlan—to integrate vision, language, and multimodal capabilities. These innovations have significantly enhanced the recognition and perceptual abilities of Hikvision's products and solutions. For instance, in perimeter protection applications, the large visual model has achieved up to a 90% reduction in false alarms.

Looking ahead, Hikvision's commitment remains steadfast to a strategy that prioritizes quality growth, further supporting innovations, boosting efficiency, and ensuring long-term sustainability. The future holds substantial promise as the company endeavors to maintain its leading role through enhanced technologies and operational capabilities.