Hikvision Growth Rate and Profits Falling Q4 2015

Author: John Honovich, Published on Feb 24, 2016

Many, including us, were surprised by Hikvision's desperate price slashing on the final days of 2015.

Now, it makes a lot more sense.

Hikvision's 2015 financial letter (in Chinese) sheds new light on the increasing troubles of the company trying hard to wipe out its competitors.

****, ********* **, **** ********* ***********'* ********* ***** ******** ** *** ***** **** ** ****.

***, ** ***** * *** **** *****.

*********'* **** ********* ****** (** *******) ***** *** ***** ** the ********** ******** ** *** ******* ****** **** ** **** *** *** ***********.

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

H1 **** ******

*** ***** **** ** **** *** ********* ****** *** ********* with *** ******* ******* ******* **.*% **** **** **** (*** **********). ******,********* *********** ******* ****** **** **** ********* *************, ******* ********* ***** far **** ****** *** ****** ****** ***** **** *** (* to *).

End **** *******

*** ** ****, *********'* ******* ****** **** *******, **** *** rate ** ** **** ** *** ** *** ***** *** quarters ** *** **** (**** **** **.*% ** ** ** 31.8% *** **). **** ********* *** ***** ** ** ***** revenue ****** *** **.*% (** *** *** ****, **** **.*% to **.*% ** **.*%).*** *** **** ********* ******.

Profit ******* ******* ** ****

** **** *************'* *******, ****** ******* ******** ** ****. ******, * ******* ****** notes, "***** ****** **** **** **** ******** (* ********** ******)", ************ ****** a **** ** *********'* ********** ******** **********-******* ********.

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

******** ******** ** * *********** **** *** ********* ** *** strong ********* ******** ********** *** **** * **** ** **** profit, ***** ***** ********. ** **** ** **** ******* ** continued ********** ********* ************** ********. ** *** ***** ****, **** China's ******* *** *** **** ***** ** ******** **** *********, this ***** ********* *********'* **** ********** ********.

International ******?

****** ******* *** ****** ****** *** *******, ** **** **** no **** ** ********* ********** ** ***** *******. ** ********, Hikvision ********* **** *** ********* ****** ** ***** *** ********* spending (*.*.,********* ******** ******** ********** *********) ***** ** *** ***** ******* **** ****** ** ***** America *** ***** **** ********.

** *** **** ****, ** ********* ******* **** ********* *** continue ** ******* **** ************* *******, ****** ***** *** * critical ******. *****, ********* ** ***** **** ******* *************** **** inside ** ***** ** **** '****' ******* ****** ******** ***** only ******** ****** ******** ***********. ******* *********, ** ** ************ impossible *** ********* ** ***** *** ******* ****** ** ***** outside.

********,*********'* $*.* ******* ** ******* ********** *********** ****** ** ** *** ** ****. ******, ******* ****** may ******** ********** *** ******* ** ** *********, ********* ******** acquisitions (*.*., *** ******* ******* ********* ****** **** *****).

***** ** ********** * *** **** ** ****** **** ****, with *********'* ********* ****** **** *** *** *********** ******* ******** ******* to **** *** ***** *** *** ****** ***** ************ ********.

Comments (4)

** *** **** ***** *** ******* ** *** *** ** 2015 *** ** *******. * ****** ** *** ********* ** Hikvision ** *********** *** ******* ******* ** *** *** ** the **** ** *** ** *** *** ***** ** ***** Q4 *******.

*******, *********** ********.

** **** ********** ~**% ** *********'* ******* ** ******** *** a *** ****** ** ***** ******* *******.

**** *** ****** ******* **% *** ***** ***** ** ***** now...

****** ******** **** *** ***** ****** *** *** ******* ** the **** ** ***** **** **** ******* ******* ** ******* repeats ******. *** ******* ******* ** *** ******* ********* ** accomplished **** **** **** ** *** ***** ** *********** ******** prices ** ***** *** ******** **** ****** ***** ***** ** no ****** **** *** *** *** **** ************. ***** ***** is ** ********* *** *** ******** ******* ** ** **** a **** ** *** *******. ** *** ***** ****** ****** will ****** **** **** **** ** *** *****. ** ***** than ******** ******* *** *** **** ********** *******. ******* *************** thinks ** ******* ****** ***** *** **** ***** ****** ** has ***** ******** *** ***** ****. *** **** **** ************ aspect ** **** **** ** ******** ** ****** *** ******* faster **** ****** ******. ***** ** * ***** ** ********** and **** ** *** ********** ****** **** **** **** ****** to ** *** *** ***** ** ******* ** *** ** upgrade ** **** ****** ********* ****** ***** ** * ********** benefit. ** *** ** *** **** ***** *** ******** *********** where *** ****** ** ***** *******.

*** ***** ****** **** *** ***** ******** ******* ** *** history ** *****-**** *** ****** ** ** ****** ** **** for **** **** **** ******. ******* *** *** **** ** seen ** *** ******* ******** ** *** ******** *** ***** market ******. ***** ****** *** ****** ** ********* ****** ***'* a **** *******. ********* *** ***** *** *** **** **** little ** ** ******.

**********, ** *** ***** ** *** ** *-* ***** **** now ** *** **** ****** *** *** *** ******* **** varifocal ****** *** $** - $** **** ** ******* **** for ***** $**. ** *****'* **** *** ** ** *********** to *** *** ******, **** *** *** *** ***** *** last **-** ***** ** *** ******** *** *********** ********.

****** *** ** *** **** - ********** **** **** **** CCTV ****** ***** *. ***** *******. ******** ******* *** ******** top **** ******* ****** ** ** ************* ****** **** **** found *** ********** ****** ** *** **** ** *******.

******** *** ***** **** **** ********* ****!

Login to read this IPVM report.
Why do I need to log in?
IPVM conducts unique testing and research funded by member's payments enabling us to offer the most independent, accurate and in-depth information.

Related Reports

Hikvision: IPVM Is "Destined To Fail" on Jun 14, 2017
Hikvision has accused IPVM of 'cyberbullying' them, declaring IPVM 'destined to fail.' This is the 3rd anti-IPVM Hikvision post in 2 weeks,...
Morten Tor Nielsen Defends Hikvision on Jun 12, 2017
Morten Tor Nielsen, veteran software developer for Prescienta working for OnSSI, has posted "In Defence of Hikvision". As Nielsen explains...
Hikvision Gives IPVM An 'F' on Jun 06, 2017
Two weeks after Hikvision called IPVM 'absolutely unethical' and 'anti-everything', Hikvision has given IPVM, in their words, an 'F'. Hikvision...
Manufacturer Revenue Directory on Jun 05, 2017
This report contains data on the revenue of 32 security manufacturers, trend analysis of whether they are gaining or losing ground and commentary...
China Direct / Aliexpress Favorability on Jun 02, 2017
A source for incredible deals, or too good to be true? In our Distributor Favorability Survey integrated shared their experiences and opinions on...
Most Disrespected Manufacturer Competitors on Jun 01, 2017
Manufacturers told IPVM what competitor they most disrespected. There was one overwhelming selection that manufacturers felt was harming the...
Cisco: Hikvision Hired Us on May 16, 2017
The day after Hikvision's backdoor was confirmed by the US Department of Homeland Security, Hikvision issued a press release about a...
Dahua Founder Sells $122 Millon Dahua Stock on May 15, 2017
Just a week after his sudden resignation as CEO, Dahua's Founder sold off ~$122 million of Dahua's stock. Inside this note, we examine the stock...
Kedacom Targeting Hikvision, Dahua Entering US on May 03, 2017
A publicly traded company with a $1 billion dollar market cap is directly aiming for Hikvision and Dahua. Kedacom, listed on the Shanghai stock...
US Air Force Cancels Hikvision RFQ on May 01, 2017
The US Air Force has cancelled an RFQ for Hikvision video surveillance, following IPVM notifying the Air Force that Hikvision products are made in...

Most Recent Industry Reports

Importance of Sales To Integrators - Statistics on Jun 23, 2017
One of the top trends in the industry over the past few years has been the rise of across-the-board sales (e.g.: Hikvision Sales, Dahua Sale,...
Deep Learning Surveillance Startups Deep Problem on Jun 23, 2017
The undeniably good news for the video surveillance market is that we are seeing the rise of more startups than in many years. The cause of this...
Avigilon Announces RADAR-Based Presence Detector on Jun 22, 2017
RADAR is gaining momentum within physical security. Two months after Axis announced a network radar detector, Avigilon has announced a RADAR-Based...
Covert Cloud Camera Service Launching (KJB) on Jun 22, 2017
Cloud IP cameras, for consumers, has become increasingly commonplace. However, covert cameras, lag there, with few options. Now, North America's...
Manufacturers Shipping Unlicensed H.265 Products on Jun 22, 2017
While H.265 support in video surveillance is growing, IPVM's research shows that most surveillance manufacturers are shipping H.265 products with...
Uniview Low-Cost Bullet PTZ Tested on Jun 21, 2017
Uniview is offering a HD zoom bullet camera, the IPC742SR9-PZ30-32G, with an integrated pan / tilt positioner, for the price of a low-cost...
QSR Video Surveillance Best Practices on Jun 21, 2017
Fast food restaurants or QSRs (quick service restaurants), are frequent victims of crime and fraud. Because they are open late, deal with cash, and...
45 Drives 'Lowest Cost' Enterprise Storage Company Profile on Jun 21, 2017
45 Drives claims the "lowest cost per Hard Drive Slot in the industry." But who or what is '45 Drives'? What started as a product design to...
No Hack, Still Liable, Court Finds ADT on Jun 20, 2017
Recently, ADT has been in the news for a $16 million settlement for a cyber security vulnerability class action suit. One of the most important...
Resolver / PPM 2000 Incident Management Platform Profile on Jun 20, 2017
You might have seen the company whose employees wear hockey jerseys at trade shows and wondered "what do they do?" PPM 2000 has been active in...

The world's leading video surveillance information source, IPVM provides the best reporting, testing and training for 10,000+ members globally. Dedicated to independent and objective information, we uniquely refuse any and all advertisements, sponsorship and consulting from manufacturers.

About | FAQ | Contact