PR89156

HANGZHOU, China, April 22, 2021 /PRNewswire=KYODO JBN/ --

Hikvision, an IoT solution provider with video as its core competency, has

released its full-year 2020 financial results. In 2020, Hikvision generated a

total revenue of RMB 63.50 billion, having achieved a year-over-year (YoY)

growth of 10.14%, and net profits attributable to shareholders of the company

was RMB 13.39 billion, reflecting a YoY growth of 7.82%.

Hikvision has also disclosed its financial results for the first quarter of

2021, with a revenue of RMB 13.99 billion, representing a YoY increase of

48.36%. Net profits attributable to shareholders of the company in the first

quarter was RMB 2.17 billion, representing a YoY growth of 44.99%.

In 2020, Hikvision further expanded its investment in R&D, with a spending of

RMB 6.38 billion. The R&D expense ratio has continuously increased over the

past few years, from 7.62% in 2017 to 8.99% in 2018, 9.51% in 2019, and 10.04%

in 2020.

Technological innovation has been the key area of focus driving the successful

development of the company, and Hikvision will continue providing more

innovative technologies, products and solutions to help increase safety,

operational efficiency and sustainability in communities, companies and global

societies.

As new external uncertainties emerged in 2020, Hikvision worked closely with

partners and suppliers globally to maintain stability and integrity in its

supply chain, enhance its intelligent manufacturing processes, and optimize

delivery efficiencies, as well as ensure reliable business development.

About Hikvision

Hikvision is an IoT solution provider with video as its core competency.

Featuring an extensive and highly skilled R&D workforce, Hikvision manufactures

a full suite of comprehensive products and solutions for a broad range of

vertical markets. In addition to the security industry, Hikvision extends its

reach to smart home tech, industrial automation, and automotive electronics

industries to achieve its long-term vision. Hikvision products also provide

powerful business intelligence for end users, which can enable more efficient

operations and greater commercial success. Committed to the utmost quality and

safety of its products, Hikvision encourages partners to take advantage of the

many cybersecurity resources Hikvision offers, including the Hikvision

Cybersecurity Centre. For more information, please visit us at

www.hikvision.com.

SOURCE: Hikvision Digital Technology

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