Hikvision Announces Weakened Profits

Author: John Honovich, Published on Jan 19, 2016

Hikvision released a special announcement in Chinese, disclosing weakened profits for 2015 amid fierce competition.

In this note, we examine what happened with Hikvision, the underlying economic conditions and what this means for the Chinese government owned giant.

********* ******** * ******* ************ ** *******, ********** ******** ******* for **** **** ****** ***********.

** **** ****, ** ******* **** ******** **** *********, *** underlying ******** ********** *** **** **** ***** *** *** ******* government ***** *****.

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

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

***** ************, ********* ********** ******* ***** *** ****** ******* *** ****. For*** ***** * ******** ** ****, ********* *** ****** ********** ********* ~**%, **** ** ********* full **** ***** ** **-**%. ***, ********* **** *** *** full ****, *** ****** ******** **** **** ** ** *** **-**% range. ***** **** ****** ** ************ **** *** ****, ** underscores **** **** **** ** * (********) ******** *** ****.

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

******

********* ***** *** *******.

***** ******** / ***********:

"*ue ** *** *****-******** *********** and other factors, the domestic industry market project has been delayed, an increase of l**** **** ********;the ****** *********** ** *** ******** ******, ***** ******* ********" (emphasis added)

********, * ******** ***** *** ****, **** **** *** *** sure ******* **** **** ** ***** ** * **% ** 10% ****. ****:*****'* ****** ********* *** ****** **%, **** **** ********* ****** **% *** ********* **** companies **** ********* ******* * ******* *** *** **** ****** **%. ********* *** *** ******* *** ***** *** **** ***** rise.

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

*** *** ***** * ********, ********* ******* **** **.*%, ***** is ********** *******, **** ** ***** ** *********** *** ******** dollars, ***** ***** ******* **** ****. *******, ** ****** *** 65% ******* ** ** ****** ** **%. ********* *** *** comment ** ** ******. 

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

***** ******* ** ** **%+, ********* *** **** ******* *** only ***** ** **** ***** **** **** **** *** ****. Despite *** ****** *** ******* ************ ***** *****, ********* ** becoming ************* **** **********. ** ***** ************, **** ********** ****** challenges ** ***** *** ******** ******, ***** **** *** **** mature. ** ******* **** *** *** ******* ******** ***** ******** still **** ********** * ******* ** ***** ********; *******, ***** the **** ****** ***** ** ******* ******** ********** *** ***** reduced ***** ********, ******* *** ****** ***** *****.

***** ***** ****** ****** *** ****, ******* **** *********, **** still ****** ************** **** *** *** ***** ************ ******** *******. Instead ** ***** ******** **%+ *** *******, ********* **** ****** start ******* **** *** **-**% *****.

China '*****-******** ***********'

*****'* ******** ******** ** * ***** *****. **** *** ******* government's** ******, ******, ************ *****:

"******* ********** ******* ******, ********* ********** *******, ****** ****** ******* and ****** ********* *****...******* ****** ** *********** ** *** *****"

**********:

"** ****** ***** **** ** ** ********** *-***** ******** ********, but ***** *********** ********** *******, *** ***** *** ****** * more *********** *** ******* ******* *******."

*** ******* *********, ********** ***** ** ***, *** ****** ** ** ****. To **** ***, *********'* ******* ***** *** '*****-******** ***********' *** 'fierce competition' *** **************. ******, **** *** ******* ** ** **, and *** ******* ************* (*.*., ********) ********** ** **** ******, Hikvision *** *** *** ******** ****** ** ******.

*******

****** ***** ***** ******* ******** (********, *********** **********, ********* ****** ****, ***.), ***** *** ********* ***** **** ******* ******** / ********* to *** (*.*., *********'* $*.* *******).

*** *** ******** **** ** *** **** **** ******** / infrastructure ********** **** ***** ********. ********* *** **** * ***** beneficiary ** ******* **** **** ******** ********. **** ***** **** the ******** *** **** *********** / ******** *** ** *** certainly ******* *** ****** *** *** **** ** ******* ******** companies. **** ***** ******** **** **** ****** ** ******** ** will **** ***** **** ** * ******** *** *******?

********* *** **** ********* *** ********* *** *** ******* ******* ******* and *** ********** ** ******** * *********** ******** ******** ***** be *** **** *** ****. **** ** ******* ** ** ** an *********** **** *** **** *** *** ********.

Comments (5)

*****. ********. ****.

**** ** *** ****, ***'* **? **** *** **** * war ** ********* **** ************* **** **** ******* ***'* ******* it?

**** **** *** * ******* ************ ***** **** ** ******** that ** **** ** * ******** **** ** ****, ****** they *** **** **** **** **** **** *** ** **** of *** **** :)

* ********** **** *** ****, *** *********, **** ** ***** attraction ** **** **** ** **** **** **** ** **** money **** ** **** **** ******* *** **** **** **** can't ******** ******* *** ** **** ******.

**** **** ** **** * ********* ******* **** ******** ****. Think **** ********

****'* * ********* *******?

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

Avigilon Touting 'Made In America' on Sep 18, 2017
Canadian manufacturer Avigilon, who completed a US manufacturing facility in 2015, is now running a marketing campaign touting 'Made In America',...
Dahua USA President Out, South American President Takes Over on Sep 11, 2017
Dahua's South American President has taken over Dahua North America as well. This is Dahua's third North American head in 2017. Will this one...
China Threatens Reducing Exports to the USA on Aug 23, 2017
The US government has launched a probe into China's alleged theft of US intellectual property. The Chinese government has fired back, threatening...
US Army Bans Chinese DJI Drones on Aug 08, 2017
The US Army has issued a ban on Chinese-made DJI drones. A US Army memo obtained by sUAS News references a classified document from the Army...
Hikvision USA Head of Cybersecurity Exits on Jul 18, 2017
Hikvision USA's Head of Cybersecurity has exited the company. In this note, we review the move, share Hikvision's feedback and examine the...
Hikvision Distributor Says Hikvision "Top Rated Yet Most Hated" on Jul 12, 2017
The CEO of 2M Solutions, a distributor selling Hikvision cameras under their own as well as Hikvision's brand has publicly declared Hikvision to be...
Best Manufacturer Perks on Jul 07, 2017
A decade ago, the best manufacturer perk was likely a trip on the Pelco jet: But the Pelco jet is long, long, long gone. What types of perks...
Distributor Favorability Ranked (North America) on Jun 29, 2017
  What North American security / surveillance distributors do integrators favor the most? The least? 150 integrators rated and commented on the...
Hikvision Stock Surges - Doubling In Past Year on Jun 29, 2017
Hikvision's stock, on the China Shenzhen stock exchange, has more than doubled in the past year, vaulting the company's worth to an astounding (for...
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,...

Most Recent Industry Reports

Dahua Removes Auto Rebooting on Oct 17, 2017
For years, Dahua has automatically programmed its IP cameras to reboot weekly, a highly atypical and questionable practice. Following IPVM...
Deep Learning Tutorial For Video Surveillance on Oct 17, 2017
Deep learning is a growing buzzword within physical security and video surveillance. But what is 'deep learning'? In this tutorial, we explain...
Multipoint Lock Access Control Tutorial on Oct 17, 2017
Doors are notoriously weak at stopping entry, and money can be misspent on wrong locks that leave doors quite vulnerable. While closed and locked...
Buy From B&H, Ship Direct From ADI on Oct 16, 2017
B&H, one of the largest online sellers of video surveillance equipment to end users, regularly purchases their video surveillance equipment...
Competing Against Siemens on Oct 16, 2017
Siemens entered the integration business with 15,000+ customers, through their acquisition of Security Technologies Group in 2001. Since that time,...
Geovision GV-EDR2100 Tested Vs Hikvision on Oct 16, 2017
A number of ADI's top selling IP cameras are, at least surprisingly to us, from Geovision. We recently bought and tested the Geovision EDR2100...
Top Problems Searching Surveillance Video (Statistics) on Oct 13, 2017
When crimes, accidents or incidents happen, the video surveillance system is a key component in finding out and proving what actually...
Exacq M Series Low Cost NVR Tested on Oct 12, 2017
With recent cyber security issues hitting NVRs and cameras from low cost leaders Dahua and Hikvision, users are increasingly seeking alternatives...
Long Time Industry Exec Leads New Security Franchise Offering on Oct 12, 2017
John Nemerofsky previously built and sold a $150 million dollar integration business, and then was VP of Niscayah from its spinout of Securitas,...
PoE Powered Access Control Tutorial on Oct 12, 2017
Powering access control with Power over Ethernet, like for IP cameras, has become increasingly common.  However, the demands for access power are...

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