Hikvision
Download PDF version Contact company

Hikvision, the world’s provider of innovative security products and solutions, discloses its full-year 2018 financial results. The annual report shows a total operating income of RMB 49.84 billion, corresponding to year-over-year growth of 18.93%. Net profits attributable to shareholders of the company amounted to RMB 11.35 billion, corresponding to year-over-year growth of 20.64%.

In 2018, the total operating income in domestic market was RMB 35.65 billion, with year-over-year growth of 20.18%; while overseas operating income amounted to RMB 14.19 billion, with year-over-year growth of 15.90%.

Key Accounting Data

The overall results were satisfactory given the complex market environment and slowdown in the domestic, Chinese economy.

During 2018, Hikvision continued expanding the number of domestic provincial-level business centres and opened five new overseas subsidiaries and multiple new branch offices. With confidence in the potential for future growth, the company maintained a high level of R&D investment and now employs more than 16,000 R&D engineers. The total workforce grew 31% to a total of more than 34,000 employees.

The company also succeeded in launching new technologies, products and solutions. Among them, the Hikvision AI open platform was further consolidated to accelerate the deployment of intelligent applications; new-generation DarkFighterX series intelligent cameras were introduced to provide more clarity in dark places; and face recognition terminals that help improve building operations, workforce management and safety operations; to name a few.

Smart Home business growth

In 2018, Hikvision continued its investment in new business areas. The EZVIZ Smart Home business demonstrated healthy growth and maintained profitability, while HikRobotics started to achieve profitability. Further investments were also made in other new businesses such as Hikvision Automotive Electronics and Hikvision Intelligent Storage.

Hikvision also announces its first quarter financial results, demonstrating a total operating income of RMB 9.94 billion, corresponding to year-over-year growth of 6.17%. Net profits attributable to shareholders of the company was RMB 1.54 billion, reflecting a year-over-year decrease of 15.41%. However, with recent increases in business opportunities in the domestic market and stable growth in overseas markets, the company do have a positive view on the second quarter of 2019.

Download PDF version Download PDF version

Hikvision news

HikCentral Professional 2.0 now supports a broader range of security and business applications with a new user interface

Hikvision launched newly updated HikCentral Professional 2.0 security software (“HCP 2.0”), which blends feeds from multiple systems onto a single platform. HCP 2.0 can be configured to link video security devices, alarm, and access control systems, and more, including third-party systems through the OpenAPI – for easy centralised management of a variety of security and business applications. Frank Zhang, President of Hikvision’s International Product and Solution Center...

Security Essen 2022 provides an opportunity for companies to present their innovations

The security industry is booming. Whether technical high-end solutions or highly professional services - almost all sectors reported an increase in turnover last year. "These are the best preconditions for Security Essen 2022,” Oliver P. Kuhrt, CEO of Messe Essen is pleased to say. "We offer the industry a top-class platform to present new solutions compactly and efficiently to decision-makers, buyers and other experts. Security Essen covers the complete range of the security industry, an...

Hikvision collaborates with Gurtam on telematics solution

Hikvision, an IoT solution provider with video as its core competency, announced a new technology partnership with Gurtam designed to integrate its mobile products (cameras/MNVRs) with Gurtam’s Wialon GPS tracking platform. This vital integration uses the latest technologies to create a solution for logistics and transportation industry customers to enhance efficiency in their fleet operations, while also increasing road safety to maintain high-security levels for personnel and merchandis...

Hikvision case studies

Hikvision provides their HikCentral video management software to enhance real-time monitoring at Care Protect’s office in Belfast

When Care Protect wanted to upscale its operations in healthcare safety and monitoring services to a large private provider, it turned to Hikvision’s HikCentral video management software, in combination with offsite cloud video storage from Manything Pro. Care Protect is an innovative organisation. It was created to promote excellent, sustainable and consistent care delivery in health and social care settings. That innovation is reflected in the way the company integrates technology into...

Hikvision provides their security systems to enhance maintenance systems for Chaka Wind Farm

Wind is a free and unlimited resource that provides potential energy toward the growing demand for clean, renewable power. In coastlines, islands, grasslands, mountainous areas, and plateaus that lack water, fuel, and convenient transportation, wind power poses a potential boon for addressing local challenges. Chaka Wind Farm is located on the Gobi Desert in Qinghai Province, China. At an altitude of 3,200 meters (nearly 2 miles), Qinghai has abundant wind energy reserves. Since its commissioni...

Hikvision provides an intelligent traffic management solution to the city of Chorzow to streamline their public transport

With traffic levels constantly rising, cities around the world are looking for ways to manage the sheer number of traffic on their roads. The city of Chorzow in southern Poland wanted to go a step further and provide information to streamline their public transport on the roads, as well as regular vehicles. They approached Sprint, a systems integrator in Poland, who delivered an intelligent traffic management solution using Hikvision technology. City municipal Board of Streets and Bridges in Ch...