Hikvision Growth Declines Q3 2018

Published Oct 22, 2018 15:51 PM

Hikvision's growth continues to decline in 2018 going from:

  • Q1 - 33%
  • Q2 - 22%
  • Q3 - 14.6%

In this note, we examine Hikvision's newest Q3 2018 financials to better understand what is happening to Hikvision, who is dealing with declining China growth as well as overseas headwinds.

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

***** *** *******'* ****** *** *********** significantly ** ****, ********* ** ***** massive ******** ** *** ***** ************ industry. *** *******'* **** ******* *** 42 ******* ***, ******* ***** ** $6 ******* ***. **** ** *********'* growth ********* ** ******* ** *** 4th *******, **** **** ****** **** with ~$* ******* *** *******.

********* ********* ** *****, ***** ** does $*+ ******* ** ******* *****, compared ** *********** *** ******* ***** surveillance ************* **** ** ** **** than * *** ******* ******* (**** including ****, ********, ***.).

Declining *******

*** ********* ******* ***** ** ***********, though, *** *********. *** ********* *** company *** ** **** ** ** simply ** *****. *** ******* ***** surveillance ******, *** ** *** *** largest ** *** *****, ** ** longer ******* **** **** *** ********* is ******* ***** ******** ****** ***** home ******. ***, *** ******** ****** has **** ********** ***** ** ************** ***** ******** ** ***** *********.

Previous ********** **** / ****

**** ** *** *** ***** *** of ********** *** *********, ** **** faced ************** ****** ** **** / ****, ********** ***** *** **** ***** stock ****** ***** *** *** *********. However, *** ******* ********** ********* ** invest ******* *** ********* ********* ** expand ******* ******** ***** *** **** time *****.

**** **** ** **** ***********, ***** Hikvision's *** ******* **** (**** ** 2015, *********'* ******* *** ~$*.* *******, now ** ** ************* ******), *** US ***** *** ***** ** ****** a ******* ****** ** *** ******* economy *** ************ *** ** *** which ** ****** * **** ****** impact ** *********'* ***** *** *********.

No ******** ** ******** ***** *** **

*** *** ********* ******* ** *** Hikvision's ******** ** ******** ********** *** growing. 

******* ****-**** ********* **** ********* ******* ******** ******** slower **** *** **** ****** ******** business **** ***** ***** ****** **********:

*******,*** ** ********* ********* ********** *** ******* ** ******** ** domestic ***********. **** **** ******** ******** but ** ** *** ***** ***** one ** ****** * ******* ******.

No ******* ********

*** *****, ******, ** *******. ****** their ******* ******* **********,****, *** ** ********* **** ** ongoing ******* ********, ********* *** ****** ** ******** to ****. ******, ********* *** **** note ******** **** **** **** ***** inventory ** *** ** ***** ** tariffs ****** ******.

Stock **** **%+

********* ********* *** *********, **** *** stock ***** ****** **** **** **** 40% ** *** **** * ******.

2019 *******

****** ** ******* *** **** *******, Hikvision *** ***** *******. **** *** government ********* *** *** *****'* ******* of ******* ** ************, **** **** a ****** ********** *** ******.

*******, *** **** *** *** **** the ******* ********** *** ******** ******* Hikvision ******* ** ** ****. *** Chinese ********** ** ******* ********* ***** the ****** ** *** ** '***** war' *** **** ********** ****** **** *** ** ** attempting ** '*******' *****. *** ***** ***** **** **** will ********** **** * *********** ****** on *** ********* ** *********.

Comments (4)
UM
Undisclosed Manufacturer #1
Oct 23, 2018

********* ** ***** *** *** ** Europe ** **** **** ******, **** are **** ** **** ****** ***** and ******* *** *** *********** **** Asia (*****, ****** ***.). ** ** hard *** **** ** **** ******* CCTV ****** **** ** ****, ********, Geutebruck ******* ** *** ******* ** the ** *** **. ******** ********, with **** ******** ***** ** **** price, ** *** **********.

***** *** ********* *** ********** **** other **** ***** ******* *** ****** numbers. ***** **** *** **** *** much ****, **** ** ******** ** selling ** ******** ******* **** **** care *** *** ** ******* ... and **** ***** ..... **** ** sick *** *** ****** *** **** of **** **** ** ****

(2)
(4)
(1)
JI
Jordi Ibero
Oct 23, 2018
Imago IP Solutions

****** ***** **** ***. ***** **** all *** ***** ********* ** *******, and *'* ** ***** ** ***** every €... **'* ** ********* ** be *********** ******* * ** ***** cheaper ******. **** ********* ***'* **** about *** *******. ** ****** (* think *** ****** ********), ******* *** just ***********... *** **** *** ** fight **** *** ******** *** ******** analytics. ***** *** ******** ********** ********...

(1)
(3)
(1)
UM
Undisclosed Manufacturer #2
Oct 25, 2018

*** **** ** * **** ** fight ********* *** *****... ****.*** **** had **** **** ******** ** *** topic. 

(1)
JI
Jordi Ibero
Oct 26, 2018
Imago IP Solutions

****?? *** *** *******?

* ***'* ********** **** ******... *'* talking ***** ***** *** *****... * don't ********** *** *** **** ** involved ****.