Hikvision releases financial results for the full year of 2023 and the first quarter of 2024

Hangzhou, China, April 28, 2024 /PRNewswire/ — Hikvision releases full-year financial results for 2023, with total revenue of 89.34 billion yuan, an annual increase of 7.42%.The net profit attributable to the company’s shareholders is 14.11 billion yuan, an annual increase of 9.89%.Total cash bonusd (Total including tax 8.4 billion yuanaccounting for 59.52% of the company’s net profit attributable to shareholders.

The company’s overseas main business revenue increased by 8.83% year-on-year 23.98 billion yuan, accounting for 26.84% of total revenue.Domestic main business income is 46.81 billion yuanaccounting for 52.40% of total revenue, innovative business revenue is 18.55 billion yuanaccounting for 20.77% of total revenue.

Hikvision also announced its financial results for the first quarter of 2024.The company reported quarterly revenue of 17.82 billion yuan, an annual increase of 9.98%.Net profit attributable to shareholders of the company in the first quarter was 1.92 billion yuanan annual increase of 5.78%.

In 2023, Hikvision's operations will become more stable and it will continue to increase investment in research and development. The company gradually builds and improves the AIoT technology system, launches scenario-based products and solutions, and assists enterprises in digital transformation. Looking forward to the future, Hikvision will continue to be committed to creating value for customers and empowering the digital transformation of communities and enterprises with technology.

The complete 2023 Annual Report and 2024 First Quarter Report can be found here.

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