Hikvision Announces Weakened Profits

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** *** ************ [**** no ****** *********], ********* downwardly ******* ***** *** income ******* *** ****. For *** ***** * quarters ** **** [**** no ****** *********], ********* net ****** ********** ********* ~39%, **** ** ********* full **** ***** ** 30-50%. ***, ********* **** for *** **** ****, net ****** ******** **** **** be ** *** **-**% range. ***** **** ****** an ************ **** *** this, ** *********** **** this **** ** * (negative) ******** *** ****.

*********'* ** *** **** 2015 ******* **** *** yet **** ********. **** announcement *** ********* * warning, ********* ***************** ****** ********* ***** ** *****.

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

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

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

********, * ******** ***** tax ****, **** **** are *** **** ******* they **** ** ***** at * **% ** 10% ****. ****:*****'* ****** ********* *** rate** **%, **** **** companies ****** **% *** evidently **** ********* **** Hikvision ******* * ******* tax *** **** ****** **%. ********* *** *** explain *** ***** *** rate ***** ****.

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

*** *** ***** * quarters, ********* ******* **** 56.3%, ***** ** ********** amazing, **** ** ***** of *********** *** ******** dollars, ***** ***** ******* huge ****. *******, ** growth *** **% ******* to ** ****** ** 47%. ********* *** *** comment ** ** ******. 

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

***** ******* ** ** 55%+, ********* *** **** profits *** **** ***** to **** ***** **** that **** *** ****. Despite *** ****** *** already ************ ***** *****, Hikvision ** ******** ************* less **********. ** ***** announcement, **** ********** ****** challenges ** ***** *** domestic ******, ***** **** are **** ******. ** suspect **** *** *** mention ******** ***** ******** still **** ********** * quarter ** ***** ********; however, ***** *** **** higher ***** ** ******* overseas ********** *** ***** reduced ***** ********, ******* are ****** ***** *****.

***** ***** ****** ****** for ****, ******* **** downtrend, **** ***** ****** astronomically **** *** *** video ************ ******** *******. Instead ** ***** ******** 25%+ *** *******, ********* will ****** ***** ******* into *** **-**% *****.

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

*****'* ******** ******** ** a ***** *****. **** the ******* **********'* ** agency, ******, ************ ***** [link ** ****** *********]:

"******* ********** ******* ******, shrinking ********** *******, ****** fiscal ******* *** ****** financial *****...******* ****** ** *********** in *** *****"

**********:

"** ****** ***** **** be ** ********** *-***** economic ********, *** ***** painstaking ********** *******, *** world *** ****** * more *********** *** ******* Chinese *******."

*** ******* *********, ********** ***** ** not, *** ****** ** in ****. ** **** end, *********'* ******* ***** the '*****-******** ***********' *** 'fierce competition' *** **************. ******, with *** ******* ** it **, *** *** smaller ************* (*.*., ********) struggling ** **** ******, Hikvision *** *** *** domestic ****** ** ******.

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****** ***** ***** ******* problems (********, *********** **********, ********* ****** ****, ***.), ***** *** Hikvision ***** **** ******* reserves / ********* ** *** (e.g., *********'* $*.* *******).

*** *** ******** **** be *** **** **** stimulus / ************** ********** will ***** ********. ********* has **** * ***** beneficiary ** ******* **** 2008 ******** ********. **** argue **** *** ******** has **** *********** / wasteful *** ** *** certainly ******* *** ****** and *** **** ** Chinese ******** *********. **** China ******** **** **** levels ** ******** ** will **** ***** **** to * ******** *** economy?

********* *** **** ********* *** ambitions *** *** ******* Chinese ******* *** *** challenges ** ******** * sustainable ******** ******** ***** be *** **** *** them. 2016 ** ******* ** to ** ** *********** year *** **** *** the ********.