Hikvision intends to continue growth in 2016, with further business expansion & continuous product innovation Hikvision, the global leader in innovative video surveillance products and solutions, has announced its preliminary earnings results for the full-year 2015, with revenues of US$3.88 billion, amounting to a 46.97% growth rate year on year. Ongoing investment into R&D Cynthia He, Vice President at Hikvision, says there were a number of significant factors behind the company's sustained growth. "The security industry is continually developing and Hikvision is at the forefront of that development," she says. "Our ongoing investment into research and development is a crucial component of our growth. Each year Hikvision invests 7% to 8% of our sales revenue into R&D, focusing on product innovation and our comprehensive and industry-leading product development system. "We have an ever-expanding network of domestic and international business contacts, which allow us to keep in touch with the market and make decisions based on the practical requirements of customers worldwide. And our range of total solutions for vertical industries means we can cater to a huge variety of specialist applications. "In 2016, Hikvision intends to continue with this impressive momentum, with an ongoing emphasis on developing new partnerships, further business expansion, and continuous product innovation."
Hikvision has made stupendous achievements in both domestic and overseas markets in the last year Hikvision, the global leader in innovative video surveillance products and solutions, has announced revenues of US$2.82 billion for the financial year 2014. This corresponds to a 60.37% growth rate year on year and a compound annual growth rate over the last decade of 53%. "Hikvision's continued growth is attributable to our product innovation capability and complete product and integrated vertical solution offerings, as well as the expanding global service network. Keeping in touch with market trends, Hikvision has made stupendous achievements in both domestic and overseas markets in the last year," says Cynthia He, vice president at Hikvision. "In 2014, Hikvision invested 8% of its annual revenue into research and development. Looking to the future, we will continue to devote our R&D efforts into delivering innovative products and vertical solutions that fulfil the ever-changing needs of the security industry, in the belief that we are ideally placed to provide a complete video surveillance solution to the market globally."