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%.
Amid the unusual global social and economic circumstances, Hikvision achieved solid growth in the first three quarters of 2020. Moving forward, Hikvision will continually optimize operations, persistently innovate, and work closely with partners to overcome uncertainties and maintain steady development.
For the full Q3 2020 financial report, please click here.