Hikvision Growth Declines Q3 2018

By: John Honovich, Published on Oct 22, 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.

*********'* ****** ********* ** decline ** **** ***** from:

  • ** - **%
  • ** - **%
  • ** - **.*%

** **** ****, ** examine *********'* ****** ** 2018 ********** ** ****** understand **** ** ********* to *********, *** ** dealing **** ********* ***** growth ** **** ** overseas *********.

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

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

***** *** *******'* ****** has *********** ************* ** 2018, ********* ** ***** massive ******** ** *** video ************ ********. *** company's **** ******* *** 42 ******* ***, ******* equal ** $* ******* USD. **** ** *********'* growth ********* ** ******* in *** *** *******, they **** ****** **** with ~$* ******* *** revenue.

********* ********* ** *****, where ** **** $*+ billion ** ******* *****, compared ** *********** *** Western ***** ************ ************* that ** ** **** than * *** ******* million (**** ********* ****, Avigilon, ***.).

Declining *******

*** ********* ******* ***** is ***********, ******, *** Hikvision. *** ********* *** company *** ** **** it ** ****** ** large. *** ******* ***** surveillance ******, *** ** far *** ******* ** the *****, ** ** longer ******* **** **** and ********* ** ******* quite ******** ****** ***** home ******. ***, *** overseas ****** *** **** challenged ***** ** ************** ***** ******** ** other *********.

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

**** ** *** *** first *** ** ********** for *********, ** **** faced ************** ****** ** **** / ****, ********** ***** *** 2015 ***** ***** ****** crash *** *** *********. However, *** ******* ********** continued ** ****** ******* and ********* ********* ** expand ******* ******** ***** the **** **** *****.

**** **** ** **** challenging, ***** *********'* *** greater **** (**** ** 2015, *********'* ******* *** ~$3.6 *******, *** ** is ************* ******), *** US ***** *** ***** is ****** * ******* impact ** *** ******* economy *** ************ *** US *** ***** ** having * **** ****** impact ** *********'* ***** and *********.

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

*** *** ********* ******* is *** *********'* ******** vs ******** ********** *** growing. 

******* ****-**** ********* **** ********* ******* overseas ******** ****** **** the **** ****** ******** business **** ***** ***** margin **********:

*******,*** ** ********* ********* report**** *** ******* ** overseas ** ******** ***********. Both **** ******** ******** but ** ** *** clear ***** *** ** having * ******* ******.

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

*** *****, ******, ** certain. ****** ***** ******* Western **********,****, *** ** ********* from ** ******* ******* shortage, ********* *** ****** of ******** ** ****. Indeed, ********* *** **** note ******** **** **** sent ***** ********* ** the ** ***** ** tariffs ****** ******.

Stock **** **%+

********* ********* *** *********, with *** ***** ***** having **** **** **** 40% ** *** **** 5 ******.

2019 *******

****** ** ******* *** grow *******, ********* *** great *******. **** *** government ********* *** *** Party's ******* ** ******* AI ************, **** **** a ****** ********** *** growth.

*******, *** **** *** how **** *** ******* government *** ******** ******* Hikvision ******* ** ** seen. *** ******* ********** is ******* ********* ***** the ****** ** *** US '***** ***' *** more ********** ****** **** *** US ** ********** ** 'contain' *****. *** ***** ***** with **** **** ********** have * *********** ****** on *** ********* ** Hikvision.

Comments (4)

Undisclosed Manufacturer #1

10/23/18 07:33am

********* ** ***** *** not ** ****** ** make **** ******, **** are **** ** **** market ***** *** ******* all *** *********** **** Asia (*****, ****** ***.). It ** **** *** them ** **** ******* CCTV ****** **** ** Axis, ********, ********** ******* of *** ******* ** the ** *** **. Offering ********, **** **** argument ***** ** **** price, ** *** **********.

***** *** ********* *** destroying **** ***** **** their ******* *** ****** numbers. ***** **** *** care *** **** ****, Axis ** ******** ** selling ** ******** ******* they **** **** *** Hik ** ******* ... and **** ***** ..... this ** **** *** the ****** *** **** of **** **** ** down

Jordi Ibero

In reply to Undisclosed Manufacturer #1 | 10/23/18 12:23pm

****** ***** **** ***. Hikua **** *** *** other ********* ** *******, and *'* ** ***** to ***** ***** €... It's ** ********* ** be *********** ******* * 10 ***** ******* ******. Most ********* ***'* **** about *** *******. ** Europe (* ***** *** entire ********), ******* *** just ***********... *** **** way ** ***** **** the ******** *** ******** analytics. ***** *** ******** developing ********...

Undisclosed Manufacturer #2

In reply to Jordi Ibero | 10/25/18 07:35am

*** **** ** * tool ** ***** ********* and *****... ****.*** **** had **** **** ******** on *** *****. 

Jordi Ibero

10/26/18 09:56am

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

* ***'* ********** **** answer... *'* ******* ***** price *** *****... * don't ********** *** *** GDPR ** ******** ****.

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