Hikvision announces fY 2018 AND Q1 2019 results

Hikvision announces fY 2018 AND Q1 2019 results

Hikvision discloses its full-year 2018 financial results. The annual report shows a total operating income of RMB 49.84 billion, corresponding to year-over-year growth of 18.93 percent. Net profits attributable to shareholders of the company amounted to RMB 11.35 billion, corresponding to year-over-year growth of 20.64 percent.

In 2018, the total operating income in their domestic market was RMB 35.65 billion, with year-over-year growth of 20.18 percent; while their overseas operating income amounted to RMB 14.19 billion, with year-over-year growth of 15.90 percent.

HIKvision 2018 Results
Hikvision 2018 Results

In RMB the results were as follows:

 20182017YoY Change (%)
Operating income (RMB)49,837,132,481.6141,905,476,572.0718.93%
Net profits attributable to shareholders
of the Company (RMB)
11,352,869,241.329,410,855,084.8220.64%

During 2018, Hikvision continued expanding the number of domestic provincial-level business centres and opened five new overseas subsidiaries and multiple new branch offices. With confidence in the potential for future growth, the company maintained a high level of R&D investment and now employs more than 16,000 R&D engineers. The total workforce grew 31% to a total of more than 34,000 employees.

Hikvision also announces its first quarter financial results, demonstrating a total operating income of RMB 9.94 billion, corresponding to year-over-year growth of 6.17%. Net profits attributable to shareholders of the company was RMB 1.54 billion, reflecting a year-over-year decrease of 15.41%. However, with recent increases in business opportunities in the domestic market and stable growth in overseas markets, the company do have a positive view on the second quarter of 2019.

Full report available here.

More information available on www.hikvision.com.