Hikvision Announces 2021 Q1 + Q2 Financial Results
YoY Growth of nearly 40% reflects commitment to North American market
City of Industry, Calif. (August 5, 2021) – Hikvision has released its financial results for the first half of 2021. During the reporting period, Hikvision generated revenues of $5.25 billion (RMB 33.90 billion) with a year-over-year (YoY) growth of 39.68%. Net profits attributable to shareholders of the listed company were $1 billion (RMB 6.48 billion), reflecting a YoY growth of 40.17%.
“While uncertainties remain, the sustained growth we’ve experienced in the first half of 2021 renews our optimism in the resilience of the global marketplace and shows us the importance of innovative security products. We will continue our focus on developing solid products that enable safety and security, while working closely with our partners,” said Tony Yang, President, Hikvision USA.
Hikvision’s revenue in overseas markets amounted to $1.5 billion (RMB 9.47 billion), with a YoY increase of 25.53%.
In the first half-year of 2021, Hikvision further expanded its investment in R&D, to $600 million (RMB 3.88 billion), which accounted for 11.44% of revenue.
Hikvision is committed to continued investment in R&D and technical innovation while focusing on optimizing its operations.
For more information, please visit https://us.hikvision.com.
About Hikvision
Hikvision is a world leading manufacturer and supplier of security products and solutions. Featuring an extensive and highly skilled R&D workforce, Hikvision manufactures a full suite of comprehensive products and solutions for a broad range of vertical markets. In addition to security, Hikvision extends its reach to smart home tech, industrial automation, and automotive electronics industries. Hikvision solutions provide powerful business intelligence for end users, which can enable more efficient operations and greater commercial success. Hikvision encourages partners to take advantage of its many cybersecurity resources, such as the Hikvision Cybersecurity Center. For more information, please visit us at www.hikvision.com.
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