August 18, 2016
We are pleased to announce that Hikvision recently secured a credit facility in the amount of RMB ¥20 billion (more than USD $3 billion), which highlights the company’s strong financial performance. With more than 7,000 engineers, Hikvision is committed to continued investment in innovation. Hikvision on average dedicates around 7-8 percent of annual revenues to R&D; this credit facility will enable Hikvision to earmark additional funds for global research and development, infrastructure, equipment and technology procurement.
This transaction is a testament to the fact that the financial markets recognize Hikvision as a successful enterprise, with a sound financial record, credit, and a promising growth strategy. The lender is Export-Import Bank of China; the term is five years. Hikvision maintains lines of credit with other international financial institutions including Citibank, HSBC, and Deutsche Bank, among others.
In November 2015, Hikvision secured approximately a USD $3 billion line of credit with China Development Bank. Additionally, in early 2016 Hikvision diversified its financing channels by issuing EUR €400 million (more than USD $450 million) in European bonds.
Hikvision has a proven record of solid financial performance, with 2015 global revenues of USD $3.88 billion, representing a YoY growth rate of 47 percent. The company also has liquid funds available in the amount of RMB ¥11.8 billion (more than USD $1.78 billion). Hikvision is the world’s largest provider of video surveillance products and solutions for the fifth consecutive year, and the No. 1 global provider of IP cameras, according to IHS Research.