SecurityWorldMarket

12/11/2020

Hikvision shows solid Q3 financials

Hangzhou, China

Hikvision 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 aims to continue with optimisation of operations, innovation, and to work closely with partners to overcome uncertainties and maintain steady development.


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