Hikvision, the world’s leading provider of innovative security products and solutions, has announced its third quarter financial results, showing a total operating income of RMB 12.93 billion, corresponding to year-over-year growth of 14.58%. Net profits attributable to shareholders of the company was RMB 3.25 billion, corresponding to year-over-year growth of 13.53%.
From January to September in 2018, the company’s accumulated operating income amounted to RMB 33.80 billion, with year-over-year growth of 21.90%; and accumulated net profits attributable to shareholders of the company amounted to RMB 7.40 billion, with year-over-year growth of 20.20%.
Key Accounting Data
|2018 Q3||YoY Change(%) between 2017 Q3 and 2018 Q3||2018 Q1~Q3||YoY Change(%) between 2017 Q1~Q3 and 2018 Q1~Q3|
|Operating income (RMB)||12,926,932,976.48||14.58%||33,802,691,201.11||21.90%|
|Net profits attributable to shareholders of the Company (RMB)||3,248,407,615.14||13.53%||7,395,803,151.00||20.20%|
During the 3rd quarter, the overall business environment faced by the company was challenging due to the slower pace of China’s economy and trade tensions abroad.
Despite these factors, the company remains optimistic for the continuous security industry growth and demand for new technologies and solutions. It is also confident about the expectations for the fourth quarter and the full-year results.
Hikvision is the world’s leading provider of innovative video surveillance products and solutions. Featuring the industry’s strongest R&D workforce, Hikvision advances core technologies of audio and video encoding, video image processing, and related data storage, as well as forward-looking technologies such as cloud computing, big data, and deep learning. In addition to the video surveillance industry, Hikvision extends its reach to smart home tech, industrial automation, and automotive electronics industries to achieve its long-term vision. Always creating value for its customers, Hikvision operates 38 regional subsidiaries all over the world to achieve a truly global presence. For more information, please visit us at www.hikvisionindia.com
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