Hikvision Posts 22.41% YoY Growth in Q3 2021 Financials
City of Industry, Calif. (November 9, 2021) – Hikvision released its financial results for the third quarter of 2021, showing sustained growth. During the quarter, Hikvision gained $3.4 billion (RMB 21.73 billion) in revenue with a year-over-year (YoY) increase of 22.41%. Net profits attributable to shareholders of the listed company in the third quarter were $700 million (RMB 4.48 billion), reflecting a YoY growth of 17.54%.
“The organization has faced challenges, notably global supply chains, and this requires flexibility and planning to assure security solutions are available to partners in the U.S. and across the globe. Our third quarter financial growth reminds us that our investment in our people, our partners, our dealers and communities is invaluable. We remain committed to the North American market,” said Tony Yang, President, Hikvision USA.
From Q1 to Q3 2021, Hikvision accumulated a total revenue of $8.7 billion (RMB 55.63 billion) with a YoY growth of 32.38%.
Amid continued external uncertainties, Hikvision will remain focused on creating value for customers with diversified products and solutions. The company also remains focused on building customer-oriented service operations, and fully leveraging flexible manufacturing capabilities to maintain steady development of the company.
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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