Oct 28, 2020 – Hikvision, an IoT solution provider with video as its core competency, has reported its financial results for the third quarter of 2020. During the quarter, Hikvision generated a revenue of RMB 17.75 billion with a year-over-year (YoY) increase of 11.53%, and net profits attributable to shareholders of the company was RMB 3.81 billion, reflecting a YoY growth of 0.12%.
From Q1 2020 to Q3 2020, Hikvision accumulated a total revenue of RMB 42.02 billion with a YoY growth of 5.48%, and the accumulated net profits attributable to shareholders was RMB 8.44 billion, representing a YoY growth of 5.13%.