Hikvision Growth Declines Q3 2018
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 *** ********* ** *********.
****** ***** **** ***. ***** **** all *** ***** ********* ** *******, and *'* ** ***** ** ***** every €... **'* ** ********* ** be *********** ******* * ** ***** cheaper ******. **** ********* ***'* **** about *** *******. ** ****** (* think *** ****** ********), ******* *** just ***********... *** **** *** ** fight **** *** ******** *** ******** analytics. ***** *** ******** ********** ********...
*** **** ** * **** ** fight ********* *** *****... ****.*** **** had **** **** ******** ** *** topic.
****?? *** *** *******?
* ***'* ********** **** ******... *'* talking ***** ***** *** *****... * don't ********** *** *** **** ** involved ****.
********* ** ***** *** *** ** Europe ** **** **** ******, **** are **** ** **** ****** ***** and ******* *** *** *********** **** Asia (*****, ****** ***.). ** ** hard *** **** ** **** ******* CCTV ****** **** ** ****, ********, Geutebruck ******* ** *** ******* ** the ** *** **. ******** ********, with **** ******** ***** ** **** price, ** *** **********.
***** *** ********* *** ********** **** other **** ***** ******* *** ****** numbers. ***** **** *** **** *** much ****, **** ** ******** ** selling ** ******** ******* **** **** care *** *** ** ******* ... and **** ***** ..... **** ** sick *** *** ****** *** **** of **** **** ** ****