Hikvision Announces 14.6 Per Cent Sales Growth, 1.67 Per Cent Profit Growth Post-Q2
Hikvision reports financials for first half of 2019.
Hikvision has reported a total operating revenue of RMB 23.92 billion for the first half of 2019, representing a year-over-year (YoY) growth rate of 14.60 per cent, while net profits attributable to shareholders of the company amounted to RMB 4.22 billion, a growth rate of 1.67 per cent YoY.
Hikvision reported strong financial performance during the second quarter of 2019, with 21.46 per cent growth year on year, in total operating revenue and 14.98 per cent growth YoY in net profits. The company reported it had maintained strong investment in R&D and accelerated development of trending technologies such as deep learning, big data, and intelligent IoT, which will enable it to stay ahead of the curve in innovation for the security industry.
During the first half of 2019, the Company further strengthened its operations at home and abroad with continued investment in local sales, marketing, and customer services operations. Hikvision was also pleased to see its new businesses – EZVIZ, HikRobotics, automotive electronics, and intelligent storage – continue to flourish, gradually becoming a new source of development and long-term growth.