Hikvision Returns To Growth Driven By Overseas Fever Cameras

By: Charles Rollet, Published on Jul 29, 2020

While Hikvision's revenue fell in Q1 2020, it rebounded in Q2 attributed to Hikvision's overseas revenue growth as domestic sales remained down.

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The company acknowledged that 'fever camera' sales were improving its profits but did not disclose specific figures, although it announced it is consolidating its thermal division. However, a surge in gross margins shows the profits from fever camera sales.

**************'* ******* **** ** Q1 ****, ** ********* ** Q2 ********** ** *********'* overseas ******* ****** ** domestic ***** ******** ****.

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*** ******* ************ **** 'fever ******' ***** **** improving *** ******* *** did *** ******** ******** figures, ******** ** ********* it ** ************* *** thermal ********. *******, * surge ** ***** ******* shows *** ******* **** fever ****** *****.

[***************]

** **** ****, ** examine*********'* ** **** ********* disclosures*** **** **** ***** for ********* ***** *******.

Hikvision **** *******, ******* **

** **** ***** **** up *.**% ** $*.** billion *** ****** ** 9.66% ** $*** ******* for *** ***** **** of **** (******** ** the **** ****** **** year):

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* ***** ******** ** 1.45% *** *** ***** half ** *** **** is *** ******** ** Hikvision's ******** ****-**** *******:

*********'* ** **** ***** were ** *.**% ****-**-****. This ** * *********** improvement**** ** ** **** year, **** *********'* ***** (year-on-year) **** **** **** 5% ** ***** ********* with *** ***** *****-** outbreak ** *****. ** is ***** * *** Q2 ****** ******** ** previous *****:

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Stock ** **** **% ** ***** ****

***** *** ******* ******** even ****** *** ***** growth *** ****** ****** positively ** ********* *******, with ********* ***** ******* 10% ** ****** **** the ****** *** ******** (the ******* ***** ***** in *****):

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*** ***** ***** *** continued ****** **** ****, hitting **.** **** *** share ** *********'* ***** i.e. ** **** **% since *** ****-**** ****** was ********.

*******, ***** *********'* ***** price ****** ** ** all-time **** ** **** 2017, ** *** **** 3 *****, *** *******'* stock ***** *** ****** significantly *** ******** ***** its **** ****:

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Overseas ****** ******, ******** ****** ***** ****

*** ****-**** ****** ****** that *********'* ***** ***** were **** *.**% ****-**-****; however ******** ***** *** up *.**%. **** ***** Hikvision *** ***** ***** 69% ** *** ***** domestically, **** **** **% last ****.

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Fever ******** ***** ******** ******* ********

****** ********** ****, ********* *** ***** which ******** ******* **** contributing ** *** ******** revenues ******, *******, ********* did *** **** * precise *********. ** *** state **** "*** ********** large ******** ** ******** revenue **** **** ******* imaging ********":

********* ***** *** ******** is *********** ********** **** have ****** ********. ** the ***** **** ** the ****, **** ********* were *** ** *** epidemic, *** *********** ******** was ********. *** ********** large ******** ** ******** revenue **** **** ******* imaging ********.

Hikvision ****** **** ******** ****** ******

********* ******** * **.**% overseas ****** ****** ** 2020:

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**** ** * ****** high *** ********* ******** to ****** *****:

** *********** ****, ********* *** ***** whether **** *** *** to "******** ********". *******, Hikvision ******* **** *** actually *** ** ***** conferencing *******/*******.

Question: ** *** ***** **** ** *** ****, *** ******** ***** ****** ****** *** ********* * ***. * ***** ** *** ** ******* ** *** ****** ***** ****** ****** ** ******** ********. *******, *** ******** ** ******** ***** ****** ****** ** ********** *** ** ******* ** ********. **** ** *** **** ****** *** ****? **** *****?

[*********] *: *****, ******* the ******** ******** ****** has * ********** ***** base, *** ****** ** infrared ******** ***** ** still *******. *** ****** is ******* *** ******* structure ** ******** ** the ***** *** ****** quarters ** **** ******** by *** ********, *** the ******** **** **** also ******* **** *******.For *******, *** ***** ******* ** *** ********** ******* ** *** ***** **** ** *** **** ********* *************. *** ***** ****** ****** ** **** **** ** ******* ** ********** ****. The gross profit margin of Hikvision as a whole is a hodgepodge. It is through the combination of different product income structures that continuously show different levels of gross profit margin. [emphasis added]

********* **** ****** **** its ******** ***** ******** are "********** ******-***":

Q: *** *** ******** ******** **** ** **** ******** *** ********** ******-***? **** *** **** ** ***** *** ********** ***-***** ********, **** ** ******** ********? ** *** ***** ****** ****** ******* ** ****?

* : **** ********** cannot ** ***** [...] It ****** ** **** that *** ******** **** overseas **** ** ******-***, thank ***.

China ****, ********** ******* *** *******

********* **** **** ** China, *** ******* ******* hit ** *** ******** was *****/****** ********** *** government, ********** **** *** operating ****** (******) *** the "***** *** ****** Business *****" (****) *** "Public ******** *****" (***, i.e. **********) **** **** -26.90% *** -*.**%, ************ whereas ********** ******* **** up **** **%:

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** ** ******** ****, Hikvision **** ** ***** China **** ** ******* in *** ****'* ****** half:

****'* ******** ********* *** continue ** ** ******** in *** ****** **** of *** ****, *** effective ******* ** *** domestic ******** **** **** lay *** ********** *** the ****** ** ****'* growth ****.

Hikvision **** ***** **** ****** ******* *******, ******** ********** ******

********* *** *** ******* a ******** ****** *** its **** *********** ****** sales, * ******* ******** surging ********* (****** ******* *****-******* *********** Fever ****** ******).

*******,** *** ******** ****, ********* ********** ************ that **** ******* ******** "has ****** *** *******'* gross ****** ** *** first **** ** *** year", ******** ********* ***** that ********* *** ********** of ***** ******** "*** fallen":

******* ******* *********** *********** products, ******** ** *** epidemic, **** **** ******** and ******* ** *** first **** ** ****. This **** ** *** revenue *** ****** *** company's ***** ****** ** the ***** **** ** the ****. ** *******, the ********** ** ******* imaging *********** *********** ******** has ******.

Hikvision ******* *** ***** ********, **** ** "*** **** ********"

**** ******** ****************'* ********* ******** ** India *** ** * deadly *** ***** ****** clash ******* ***** *** India, *******, ** *** earnings ****, ********* ********** this *** ** *** Indian ********** ** *** India ******* ***** *********:

*** ****** ******** *** not ***** **** ***** impact ** *******. [...] Our ***** ******* ** India ** * ****-****** joint ******* *** ** run ** *******, ** the ******** **** ** relatively *****. ** **** also **** *** *** the *********** ** *** situation ** *** ******, hoping ** **** * better ******** ***********.

*******, ********* *** **** bullish ** *** ** market, ******* ** *** "not **** ********" ******* elaborating:

*** *******, *** ******** environment ** **** ** the ****** ****** ** not **** ********.

*********, ********* ********* ** have ******** ** *** US, ************ **** *** 'Blacklist ******' ******* *** Hikvision **** **** ***** business **** *** ******* government***** **** ***** ****** 13.

Hikvision ************* ******* ********

************* ******** *********** *** ************* *** thermal ************* ** *********** its ***** ****** ************* with ******* **** ************ HikMicro; *** ****-*** ****** will ****** ******-***** ** Hikvision. ** *** ******** call, ********* **** **** move ***** ** ***** be "********** **********" ******* its "*************** **** ** stronger" ** **** *****:

*** *****-******* ******** [********] develops *** ************ ******** infrared ******* (*****). *********'* thermal ******* ******** ** based ** ******* *** thermal ******* ******** [...] In ***** ** ***** business *******, ** ******** merging *** ***. ***** the ******, *** ****** positioning ** **** ******** will ** *******, *** section **** ** **** complete, *** *** *************** will ** ********. ** we ***** **** ** this ***** **** *** needs ** ******** ***********. Other ********* **** ** thermal ******* *** **** vertically **********, ****** ******* as **** ** ********.

***** ** * ******* of *** ******** ******* in ********, *****,**** * ******* *****:

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**********

*********'* ******** ********** **** that *** **** ********* to ** * ***** manufacturer ******* *** ********. However, ********* *** ******* the **** ** ** fully **** ** ***** need ** ****** **** the **** **** ** remains ** ** **** whether ********* *** ****** to *** **** ***** of ******-***** ***** ******. Amidst *** **** ******* the ******** *** *** long *** *** **** will ***** ******* ******* the *******'* ******.

Comments (1)

****** *** **** ******* the ******** *** *** long *** *** **** will ***** ******* ******* the *******'* ******.

*** **** ** ****** a ******** ** **** the *** *** ***** international ********** ******** **** up. ** **** ***** the ********* **'** ***** exposed ** ** **** will ***** ** **** out ** *** *** users, ******* ****** **** further.

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