SecurityWorldMarket

16/11/2021

Hikvision shows continued growth amid external uncertainties

City of Industry, Ca

Hikvision has released its financial results for the third quarter of 2021, showing sustained growth. According to the company, 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 organisation 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 plans to 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 organisation.


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