SecurityWorldMarket

02/11/2019

Latest Hikvision financials demonstrate robust growth

Hangzhou, China

The latest published Hikvision financial results for the third quarter of 2019, show that the company generated a revenue of RMB 15.92 billion, having achieved a year-over-year (YoY) growth of 23.12%, and net profits attributable to shareholders of the Company was RMB 3.81 billion, representing a year-over-year growth of 17.31%.

During the period of Q1-Q3, Hikvision accumulated a total operating income of RMB 39.84 billion, representing a YoY growth of 17.86% (shown as table above).

The growth of revenue was stable and robust during the first three quarters of 2019, with a consecutive increase every quarter.

Hikvision believes there are increasing security demands and growth opportunities in both the Chinese and overseas markets, and maintains that it will continuously strive to provide superior products and services for all customers and partners globally.


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