Hikvision Affirms PRC State-Owned Company In Latest Financials

*** ******** **** *** ********* ******** overseas ***** *** *********** **** ******** it ** ** ******** *********-***** ************ when ** *** **** **** ***** within *** *** **** ** ** state-owned *** *****-**********.

Earnings ****: "********* ** * *****-***** ******* *******"

**** ******** ******* *********'*** *******, ********* ****** ** ******** ** a ******** ***** * *** **** it *** ****** **** ** **** "Hikvision ** * *****-***** ******* *******" ("海康是国有控股企业"):

*: ** *** **** *** ******* issued ** ************ ****** **** *** million **** **** ** ******** ** Haina ***** **** (******** ****). * would **** ** *** *** **** fund **** ** **** ******* **** the *******'* ******** ** *** ******, and **** *********** **** **** **** more *** **** ****** ** *** future? *: ********** ** **** **** is ******* ** *** *******'* ***********ecause ********* ** * *****-***** ******* ******* *** *** ****** ********** ** * ******* **********. Therefore, our external investment is also subject to the SASAC's management requirements for investment, especially during the approval of some projects, a relatively long evaluation time and process may be required. At the fund level, the procedure will be relatively simple. [the fund will] look at opportunities in the upstream and downstream of the industry, thank you.

*:我们看到公司发公告说会有 * 个亿投资在海纳昱智基金（产业基金）。想请教一下这块基金未来会怎么跟公司业务做一些协同，还有像这样的投资未来会不会呈现越来越多的趋势？*：投资这块跟公司的属性有关系，因为海康是国有控股企业，我们的实际控制人是央企，所以我们在对外投资的部分也受国资委关于投资这块管理要求的一些约束，尤其在一些项目审批的时候，可能需要比较长的评估时间和流程。在基金层面的投资，程序会相对简单一点。我们在行业上下游看机会，谢谢 [******** *****]

*** ******* ********** ** *** ******** transcript *** *****: ********* ** "*****-*****" (国有). **** ************, ********* ********* ****** as *国有控股企业** "*****-***** ******* *******", **** ********** as "*****-********** *******" ***** ** * term **** ** ******** *****-***** ***** where *** ***** *** * ******** or *********** *****, ** ******** ** the ***'* ***% *****-***** *********,** ***** ***** *** **.

** ****, ****** ****** ** ********** ************* *** *** ***** *** ********** State-Owned *********; ****** **** ********, ********* would **** ***** "*****-***** ******** ******* company 国有相对控股企业" ***** *** *********** ********** stake ** "*** ******* **** **% of *** ***** ******* ** *** enterprise *** ********** ****** **** *** proportion ** ***** ******** ********** ** the **********". ** ************'* ** ******,****** *** *** **** ******** *********, both **** ************ ** *** ***** defense ********** **** (*** ** ***** ******** ***% *****-***** *********), *** **.**% ** *********, **** above *** ***** ******:

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

******, ***** ** *********'* ******* ***** with ****** **% *******, ** * state ****** ******* ** *** ********* (hence ******) **** ** ***% ***** ** CETC, ***** ** *********% ***** ** *****,********-*********** *********** *** ************** **********. (***** oversees *** ***'* **** *** ***** which ***** ** ***** **-**% ** the ***'* ****** ****** *** ***** ****.)

****** *** *** *** ** ******* (not *******), ********* *** ********** **** it ** *****-*****, *.*.** ****, ********* ******** ****** "*****-*****"**** ******* ** ** ******* ***** Hikvision's *** *************** **************** *********** ** "*******-***** *****"; *********'* chairman ****** * ******** *** ***'* ******** ******'* ********.

***** **** **** ***** *** ** overview:

Misleads ***** ***** ********* ******* ***

*******, ******* *** ***, **** *** not ***** *** ******** ** ********* mentioning *** *****-***** ******. *** *******, this ***** **************** ** *** ******* "********* *** * ******* *** of ******* *** ****** ************", **** conceding **** *** "******* ***********" ** a "******* *****-***** **********":

**** ******** ** *** ***, *.*. in ****,*********'* "*****" ******** ** ******* ** *********'* ***** control, ******** ********* ** "***********" **** "a ******* *** ** ******* *** public ************":

*** ** ***** ********** ***** ****** ******* *************, ********* *** *** ***** ** being *****-***** *** ******* ** ** "completely ***********" ***** *** ********* ******* it ** "**** **** **%" ***** by ** ***:

********* ********

********* *** *** ******* ** * request *** ******* *** **** *******. If **** **, ** **** ******.