In 2018, Hikvision realized total revenue of RMB 49.84 billion, with a year-over-year growth rate of 18.93 percent, and net profit attributable to the parent company of RMB 11.35 billion, an increase of 20.64 percent year-over-year. The Company maintained solid growth.
In the domestic market, to better serve customers, Hikvision promotes the transformation of local branches to provincial business centers, allocates more resources to business centers to better cater to customer needs. For the purpose of better adapting to the demands of customers, Hikvision revolutionized and reorganized the traditional security business in 2018 and established the Public Business Group (PBG), the Enterprise Business Group (EBG) and the Small & Medium Business Group (SMBG), adopting different business strategies and offering different products and solutions. Hikvision continued to explore the overseas market, and opened five new overseas subsidiaries and multiple new branch offices.
The company also succeeded in launching new technologies, products and solutions and continued its investment in new innovative business areas such as smart home, robotics, automotive electronics, smart storage and etc.