Worst. Surprise. Ever.
This is the game, isn't it? They get into a war of attrition with manufacturers that they believe can't survive it?
Hikvision Announces Weakened Profits
Published Jan 19, 2016 05:00 AM
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.
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** *** ************ [**** ** ****** available], ********* ********** ******* ***** *** income ******* *** ****. *** *** first * ******** ** **** [**** no ****** *********], ********* *** ****** percentage ********* ~**%, **** ** ********* full **** ***** ** **-**%. ***, Hikvision **** *** *** **** ****, net ****** ******** **** **** ** ** the **-**% *****. ***** **** ****** an ************ **** *** ****, ** underscores **** **** **** ** * (negative) ******** *** ****.
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********* ***** *** *******.
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**** ******* *************
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China '*****-******** ***********'
*****'* ******** ******** ** * ***** issue. **** *** ******* **********'* ** agency, ******, ************ ***** [**** ** longer *********]:
"******* ********** ******* ******, ********* ********** profits, ****** ****** ******* *** ****** financial *****...******* ****** ** *********** ** *** shape"
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"** ****** ***** **** ** ** miraculous *-***** ******** ********, *** ***** painstaking ********** *******, *** ***** *** expect * **** *********** *** ******* Chinese *******."
*** ******* *********, ********** ***** ** ***, *** caught ** ** ****. ** **** end, *********'* ******* ***** *** '*****-******** environment' *** '****** ***********' *** **************. ******, with *** ******* ** ** **, and *** ******* ************* (*.*., ********) struggling ** **** ******, ********* *** its *** ******** ****** ** ******.
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****** ***** ***** ******* ******** (********, *********** **********, ********* ****** ****, ***.), ***** *** ********* ***** have ******* ******** / ********* ** *** (e.g., *********'* $*.* *******).
*** *** ******** **** ** *** much **** ******** / ************** ********** will ***** ********. ********* *** **** a ***** *********** ** ******* **** 2008 ******** ********. **** ***** **** the ******** *** **** *********** / wasteful *** ** *** ********* ******* GDP ****** *** *** **** ** Chinese ******** *********. **** ***** ******** with **** ****** ** ******** ** will **** ***** **** ** * consumer *** *******?
********* *** **** ********* *** ********* *** the ******* ******* ******* *** *** challenges ** ******** * *********** ******** business ***** ** *** **** *** them. 2016 ** ******* ** ** ** an *********** **** *** **** *** the ********.
Comments (5)
Scot MacTaggart
Jan 19, 2016JH
John Honovich
Jan 19, 2016
That they did a special announcement would seem to indicate that it came as a surprise even to them, unless they are just that good that that too is part of the plan :)
Scot MacTaggart
Jan 19, 2016I understand what you mean, but seriously, part of their attraction to this plan is that they have so much money that it will work despite the fact that they can't forecast exactly how it will unfold.
JM
John Martinez
Jan 22, 2016John this is more a political posture than anything else. Think more longterm
JH
John Honovich
Jan 22, 2016