Blogue
Topic
Tout
AIoT
Products and technologies
Industries
Logistics
Sustainability
Business trends
Cybersecurity
AI
Events
Trends
Industry News
Company News
Product Announcement
Search blog
Blogue
Filter
Cancel
Tout
AIoT
Products and technologies
Industries
Logistics
Sustainability
Business trends
Cybersecurity
AI
Events
Trends
Industry News
Company News
Product Announcement
Réinitialiser
Soumettre

Hikvision Releases Financial Results, Indicates Sustained Growth for Fiscal Year 2020, Q1 2021 

 

Hikvision released full-year 2020 and first quarter 2021 financial results that indicate sustained growth for 2020 and Q1 2021. The financial reports show Hikvision generated a total revenue of $9.78 billion (RMB 63.50 billion) for fiscal year 2020, having achieved year-over-year (YoY) growth of 10.14%. Net profits attributable to shareholders of the company was $2.06 billion (RMB 13.39 billion), reflecting YoY growth of 7.82%.

“As for the business in the United States, while the challenges remain, the improving economy definitely boosts our confidence. But regardless of when the market regains a sense of normalcy, we are dedicated and committed to continue to serve our supportive partners throughout this time,” said Tony Yang, President, Hikvision USA, in the press release.

 

Hikvision reported first quarter 2021 revenues of $2.15 billion (RMB 13.99 billion), representing a YoY increase of 48.36%. Net profits attributable to shareholders of the company in the first quarter was $334.09 million (RMB 2.17 billion) representing a YoY growth of 44.99%.

Hikvision further expanded its investment in R&D with spending of more than $982 million (RMB 6.38 billion) in 2020. Technological innovation has been the key area of focus driving the development of the company. Hikvision will continue providing innovative technologies, products and solutions to support business intelligence, operational efficiency and sustainability in communities.

As 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.

Read the full press release.

 

Company News

S'abonner au bulletin d'information

Abonnez-vous à notre bulletin d'information électronique pour recevoir les dernières informations de Hikvision

Hikvision.com uses strictly necessary cookies and related technologies to enable the website to function. With your consent, we would also like to use cookies to observe and analyse traffic levels and other metrics / show you targeted advertising / show you advertising on the basis of your location / tailor our website's content. For more information on cookie practices please refer to our cookie policy.

 

Contactez-Nous
back to top

Get a better browsing experience

You are using a web browser we don’t support. Please try one of the following options to have a better experience of our web content.