Hikvision Reports 1.45 Per Cent Revenue Increase
Hikvision has released its financial results for the first half of 2020. During the period, Hikvision generated a revenue of RMB 24.27 billion with a year-over-year (YoY) increase of 1.45 per cent, and net profits attributable to shareholders of the company was RMB 4.62 billion, reflecting a YoY growth of 9.66 per cent.
Hikvision said its revenue in overseas markets achieved solid growth, amounting to RMB 7.54 billion, with a YoY growth of 8.63 per cent. Having encountered unusual global social and economic conditions in the first half of 2020, Hikvision said it had adapted its operations and “succeeded in making technological innovations meet customers’ needs, which helped to overcome challenges and keep development steady”.
For the full 2020 H1 financial report, please click here.