Hikvision announces full-year 2019 and first quarter 2020 financial results
Hikvision, an IoT solutions provider with video as its core competency, has released its 2019 Annual Report. In 2019, Hikvision generated a total revenue of RMB 57.66 billion, having achieved a year-over-year (YoY) growth of 15.69 %, and net profits attributable to shareholders of the company was RMB 12.41 billion, reflecting a YoY growth of 9.36%.
Key accounting data of Hikvision Full-year 2019 Financial Results
2019 2018 (after adjustments)1 YoY Change (%)
Operating income (RMB) 57,658,110,065.22 49,837,132,481.61 15.69%
Net profits attributable to shareholders of the
company (RMB) 12,414,587,690.45 11,352,132,255.21 9.36%
The total overseas revenue amounted to RMB 16.24 billion, with YoY growth of 14.43%. And the revenue in the domestic market (China) in 2019 was RMB 41.42 billion, with YoY growth of 16.20%.
Hikvision’s innovative businesses achieved solid growth in 2019. Particularly, the revenue of its smart home business in 2019 was RMB 2.59 billion, seeing a 58.38% YoY growth. And the robotics business generated a revenue of RMB 813.99 million, with a YoY growth of 23.88%.
In 2019, Hikvision’s R&D spending was RMB 5.48 billion, which accounts for 9.51% of the total revenue, and the company has more than 19,000 R&D employees. The significant R&D investments have consolidated the company’s advantages in both hardware and software products, as well as cutting-edge technologies such as artificial intelligence, multi-dimensional perception, cloud computing, and big data.
Amidst the extraordinary global circumstances in Q1 2020, Hikvision has also disclosed its Q1 2020 financial results, with a revenue of RMB 9.43 billion, representing a YoY decrease of 5.17%. Net profits attributable to shareholders of the company was RMB 1.50 billion, representing a YoY decrease of 2.59%.
Despite the emergence of new uncertainties in the external environment in 2020, Hikvision will proactively improve operating efficiency and manage risks to overcome the challenges and maintain steady development. Meanwhile, Hikvision will continuously provide advanced products and solutions through innovative technologies to help increase safety, efficiency and sustainability of communities and societies.
About Prama Hikvision India
Prama Hikvision is the India’s leading video security solution provider. In addition to the security industry, the company extends its reach to Smart Home Products and Solutions, Industrial Automation, and Robotics to achieve its expansion plan. The endeavour is to provide superior pre- sales and post-sales service through collaboration with local distributors and its allied partners.
Building on a growing global footprint, Prama Hikvision India is committed to provide high quality products with agile technical support serving a large network of dealers and system integrators across India, through its 51+ branches and a motivated workforce of 2700 employees. It has a ‘Make in India’ manufacturing facility near Mumbai.
For more information, please visit us at www.hikvisionindia.com.
Press Contact
Anant Joshi, Manager- Marcom
Oberoi Commerz 2, International Business Park, 18th Floor, Near Oberoi Mall, Off W.E. Highway, Goregaon (East), Mumbai – 400063, India.
Board: +912268559953, Mobile: +91 8291817524, Fax: +91 22 2846 9990, E: pr@pramahikvision.com
