Hikvision's H1 2018 results are out. Overall revenue growth has sharply dropped, with the company acknowledging their "facing geopolitical headwinds". Hikvision was hurt by Hikvision International (i.e., 'overseas') business but buoyed by the protected domestic market.
In this note, we examine:
- Steep fall in gross margins
- Sharp rise in sales expenses
- Challenges and priorities for Hikvision going forward