Hikvision Announces Third Quarter Financial Results

(July to September 2018)

Hikvision announced its third quarter financial results, showing a total operating income of RMB12.93 billion, corresponding to year-over-year growth of 14.58%. Net profit attributable to the shareholders of the company was RMB3.25 billion, corresponding to year-over-year growth of 13.53%.

From January to September 2018, the company’s accumulated operating income amounted to RMB33.80 billion, with year-over-year growth of 21.90%; and accumulated net profit attributable to the shareholders of the company amounted RMB7.40 billion, with yearover-year growth of 20.20%.

During the 3rd quarter, the overall business environment faced by the company was challenging due to the slower pace of China’s economy and trade tensions abroad. Despite these factors, the company remains optimistic for the continuous security industry growth and

demand for new technologies and solutions. It is also confident about the expectations for the fourth quarter and the full-year results.

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