Hikvision announces half-year financial results

Information Technology Press Releases Thursday July 26, 2018 15:18
HANGZHOU, China--26 Jul--PRNewswire/InfoQuest
(January - June 2018)

Hikvision, the world's leading provider of innovative video surveillance products and solutions, has reported a total turnover of RMB 20.88 billion for the 1st half of 2018. The year-on-year revenue growth was 26.92%, and net profit attributable to shareholders was RMB 4.15 billion, up by 26.00%.

.                           2018 First Half Year   2017 First Half Year   YoY Growth
(%)
Total Operating income     20,875,758,224.63     16,447,539,736.52     26.92%
(RMB)
Net profits attributable   4,147,395,535.86       3,291,546,056.70       26.00%
to shareholders of the
Company (RMB)

Driven by innovation and value generation for its partners and end-customers, Hikvision continued its extensive development of leading technology, products and solutions with video technology and Artificial Intelligence (AI) as the core. One example of this is the Hikvision AI Cloud vision and framework that was introduced at the AI Cloud World Summit held in Hangzhou in March 2018, which includes building an AI industry ecosystem to accelerate the development of AI technologies, applications and services.

Hikvision remained focused on improving the management and operational efficiency of the company while also strengthening channel marketing, project sales and technology partner collaboration.

To drive continuing commercial success and growth, Hikvision is expanding its operations at home and abroad with major investments in local sales, marketing and service networks. During the first half of 2018, the company established more than 10 new regional offices in the overseas markets, which will further help improve sales, delivery and customer support offerings in local markets.

For the full half-year financial report, please visit here.
http://oversea-download.hikvision.com/uploadfile/Investment%20Relationship/Hikvision%202018%20Half%20Year%20Report.pdf
About Hikvision

Hikvision is the world's leading provider of innovative video surveillance products and solutions. Featuring the industry's strongest R&D workforce, Hikvision advances core technologies of audio and video encoding, video image processing, and related data storage, as well as forward-looking technologies such as cloud computing, big data, and deep learning. In addition to the video surveillance industry, Hikvision extends its reach to smart home tech, industrial automation, and automotive electronics industries to achieve its long-term vision. Always creating value for its customers, Hikvision operates 37 regional subsidiaries all over the world to achieve a truly global presence. For more information, please visit us at www.hikvision.com .


Latest Press Release

Hyperloop contest: Infineon chips accelerate Technical University of Munich#s pod to fourth win in a row

Traveling at the speed of sound? The inventors of the Hyperloop believe that this will be possible someday. We would then travel in pods through a tube in a partial vacuum at speeds of up to 1,200 kilometers per hour. Engineers around the world are...

Vymo Wins Ocean of Opportunities CRM Track for Enhancing Customer Relationships and Mobilizing Sales Force

AI-enabled Mobile Personal Assistant lends greater visibility into customer engagement and improves operational efficiency Vymo ( www.getvymo.com ), a New York-based next-generation CRM startup, that uses mobility and intelligence as key levers to...

Siri Co-Founder Tom Gruber Joins Sherpa.ai as Strategic Advisor

Digital assistant pioneer will help Sherpa.ai, the predictive Digital Assistant, continue to build leading proactive and predictive AI features Sherpa.ai, one of the leading companies in predictive Digital Assistants and Artificial Intelligence, has...

TrueMoney showcases top-level e-wallet security technology at Bangkok Fintech Fair 2019 and pilots the fast and highly-accurate #e-KYC system at 9 selective branches of 7-Eleven

Deploy world class biometrics and facial recognition technology to verify and authenticate real user identity of TrueMoney Wallet users Set a high-level security standard benchmark for Thailand's e-financial industry TrueMoney recently showcased...

OpenAI forms exclusive computing partnership with Microsoft to build new Azure AI supercomputing technologies

Multiyear partnership founded on shared values of trustworthiness and empowerment, and an investment of $1 billion from Microsoft, will focus on building a platform that OpenAI will use to create new AI technologies and deliver on the promise of...

Related Topics