Hikvision Breaks $12 Billion USD Annual Revenue, 53K Employees

By Isabella Cheng, Published Apr 19, 2022, 11:16am EDT (Info+)

Hikvision broke $12 billion USD in revenue in 2021 and increased its headcount to more than 53,000 employees, the company said, adding that it has “adapted” to the effects of US sanctions but still faces a COVID surge in the PRC.

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In this report, IPVM examines:

  • 2021 annual revenue and profits
  • Q1 2022 revenue and profits
  • Q1 sales growth trend
  • Drivers of Q1 2022 growth
  • Impact of PRC pandemic resurgence
  • Domestic v. overseas margins and growth
  • Innovative business growth
  • Increasing R&D investments
  • Comments on US sanctions and globalization
  • Hikvision stock

**********:*********'* **** **** **** *************** **** **********

Executive *******

********* ***** $** ******* *** ** annual ******* *** ****, *** ~*** the ******* ** *********** **** *** Uniview's ******* *** ***** ** ~*.**. Although **** ******* *** ******* **** both ** ~**%, ******** ******* **** almost * ********** ****** *** ** the *** ** *** ***** ****** rush. ********* ************ *** ******** *** economy ****** **** ** ** ****.

********* **** ************ **** **** ** 2020 **** "*********" ***** *** *** company *** ** ** *********, *****, and "****** ***********." *******, *** ******* says ** *** ******* ** ***** difficulties *** **** ******** *&* **********, reflected ********* ** ************* ********** ********* ~25% ** **** ** ~**,*** *********.

*********'* ** **** ******* **** **%, a **** ******* **** ******** ** the **% ***** ** ** **** as *** ******** **** ********* **** COVID. ******** *** "********** ********" (*..* robotics, ***** ****, ******* *******, ***.) growth ***** **** ** **** ******* growth. *** ******* ********* ** ************* domestically ** ***** ****** **** ***** cities ** ** **** *** ** a ******** ********** ** ***** *****.

2021 *******, ******* ** **+%

********* **** ******** *** **** ****** report, ********** ***** ** ~$**.* ******* USD, ** **.**% **** ~$*.* ******* USD ** ****. ******* **** ** 25.51% ** ~$*.* ******* *** **** ~$2 ******* ***.

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******** ** ** ****, ******* **** 40%, ******* **** **% ** ** 2021.

Q1 **** ******* ** ~**%, **** ** ******

** **** ******* *** ** ~**% to ~$*.* ******* *** ******** ** ~$2.2 ******* *** ** ** ****. However, ****** ****** **** *************. ** Q1 ****, ************* ~**% ** * ****** ** COVID ********. ** *** ****, ********* **** this **** ****** **** *** *** to * "******* ***** *** ********" and **** ****** ***** "********* **** towards *******."

******* **** ~*% ** ~$*** ******* USD.

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Q1 ***** ****** ***** ********

*********'* ** ***** **** **** *********, apart **** *** ******* ** **** due ** ******** **** *****:

Overseas ***** ***** ** **** ******

********* **** **** ******** ****** ** a ******* ****** ** ** **** growth ** ***** ****/**** **** **** ******** ****:

*** ******* ****** *** *** ****** of ******** *** ********** **********.

********* *** *** ***** *** ** 2022 ***** **** ******** **. ******** but ********* ** *** ****** ** is ****** ************ ** *****. ** the **** ********* **** *** ******* surge ** ***** ****, ***** ****** down ******,**** ******* ********,** ******* ***** **** *********.

******** *** ******** ****** *** "**** growth ********," ******** ** *** *** was ******** ********** ** * ********** of *** ******** ************, ********* ****:

******** ******** *** ******** ** *** epidemic, **** ****** ********** *** ********* disruptions ** **** ********* *** ******,which *** * ********* ****** ** ******** ********. The growth of the domestic business has a certain inhibiting effect. [emphasis added]

Comments ** ******* *** ******** ********

********* **** **** **** *** "**********" going **** ** ****, ********* ** analyst's ******** ** *** *&* **** on *** *** ********* ******** *** economic ********* **** ****** *********.

********* ************ **** ***** *** "***** a *** ** *************" ***** **** Q2 **** *** ** "*** ******* epidemic ********** ******" *** ******** *********'* regional *** ******* *************** **** ******* the *******.

***** *** ***** ******* **** *** "active *** ******" ******* **** ******* in ********, ********* ****:

*****, *** ******** ** **** ***********. We **** ******** *** ******* *******, and *** ****** ** **** ********** spatially. ***** *** **** *********, *******, and ******, **** **** ******* ** the ****** ***** ** ***** ******, while **** ****** *** ***** ****** and ******.

********* **** **** *** ******* *** diverse ********, ********* **** **** *** specifically ** **** ****** *** ******** lockdown, **** ****** ******* *** **-**** *************** ***** ** ****** *** ** leave ***** *****:

*** ******* **** ** ********** **** and *******, ** **** *** ******* come, *** ******* ******** ** ***** relatively ****. **** ******** *** **** magnet *** **** ********** ** *** epidemic ********** ******* **** *** ******* scanners *** ******* **** ******* ******* tubes. ** *** **** ****, ***** are ***** ******* ******** ***** ********.

Domestic ****** *****

********* ************ * "******** ** *** domestic *******" ** *** ****** **** of ****, ***** ******** ******** ******. In ** ****, ******** ****** ****** 46%. ******* ** ****, ******** ****** was ~**%.

*******, ********* **** *** ****** **** economic ******** ** ****** *** ******* in *** ****** ** **** ****, stating:

** *** ****** ** **** ****,the ************ ** ****-******* ******** *********** **** ****** **** *********. The demand *** ***** *********** **********, ********** ******* **************, *** ********** ******* ************** **** ** ******* *******, and there is huge ****** ***** available for intelligent IOT, artificial intelligence and big data technologies to help various industries achieve efficiency improvement, operational innovation, organizational optimization, and cost control. [emphasis added]

********* ******** **** *** ********** **** invest "****" **** ****, ******* *********'* PBG *******:

********** ********** *** **** ***** **** the **** *** *****, *** ********** investment ** ******* *** *** ******** needs, *** *** ********** **** ******** invest **** **** **** ** ******* those *****.

*********'* ******** ****** ** **** *** driven ** ********** ****** ** *** SMBG ***** (*.*. ***** **********). ** H1 ****, ******* ** ***** ********** more **** ******* (***.*%) *** *** slowed **** *****.

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Annual ******** ******* **** *************

*********'* ***** ******* **** *.* ********** points ******** ** ****, ** *********:

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*******, ***** ******* **** **** **** more ******** (-*.**%) **** ************:

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********* *** *** ******* *** ******** gross ******* **** ****** * ********** points ** ****. *******, **** ** likely *** ** ********* ******* *** fever *******, ** *** ************** *** ** ** ****.

********* ****** **** ** ***** ** keep ***** ******* ****** *** **** competition ** *** ******** ******* ***** margins:

***** *** **** ******* ********* *** gross ******, ***** ** ****** ********** by *** *********** ** *** ********. Thebasic ******** ** ******* ** ** **** *** ***** ****** ******. [emphasis added]

** **** ******* ** ****,*********(********) ***** *** ***** ******* ****** margins ************* ****** *** ********'* ******, particularly ********.

Overseas ******

*********'* ******** ***** **** ~**% ** ~$3.4 ******* ***:

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** *** **** ****** *&* ****, Hikvision *** *** *** **** ********** of *** ***** ******* ***** **** sales ** *** **. **** ****, ********* **** **** ~**% ** its ******** ******* ***** **** *** US. ** ** ******** **** ** sales **** ***** ** * ******* of ******** ******* ***** ** ****. Ending ***** ** *** ** ***** only ******* ****** ********* ***********, **** the ** ********** *** *-*% (*.*. ~10% ** *** **% ** *** overseas *******) ** *********'* ***** *******,

********* *** *** ******* ** ******** geographical ****** ** *** **** ****** earnings ****.

Innovative ******** ****** ******

*** *******'* "********** ******** ** * whole ******* * ****** ****** *****," Hikvision **** ** *** ******** ****. Hikvision's ********** ********, ********** ** *** smart ****, ********, ******* *******, **********, and ******* **********, **** * ******** 98% ** **** ************ ~$*.* ******* USD ** ******* *******. *******, *** high ****** **** **** ** ************** in **** *** ********** ******** **** from * ***** ****, ~$*** ******* USD ** ****.

*******, ******* ******* ******* **** *** in ****, ****** **** * ***** base (~$*.* ******* ***), *** ** pandemic ********** ********.

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******** *** ********** ******** **** ************* in ****, ** ** ***** * relatively ***** ******* ** *********'* ***** revenue, ~**% ** ****. ************ ** still *** **** ** ******* ** ~80% **** *** ********* *% ** revenue ********** ** ************ ********.

******* ********* *** ******** ********** ****** in *** ********** ******** ******* ** the ****** *** ***** "********** ********" products, ************ ** ******* ********* ********, at ***** ********, ********* ** ********.

Increasing *&* **********

********* **** ** **** ** ********** its *&* ********** ****** ******* ** it *** ******* ** **** **** the ******* ** ** *********:

**'** ****** ******** ** **** ******, including ****** ******** *** *.*. **** measures. ** *** *** ****** *** big *** ****** **.

**** **** ** ****, ********* *** "cautious" ***** *** *&* **********, *** company ****:

*** ***** ***** **** **** ** 2020 **** * ********* ****** *** Hikvision ******* ** *** *.*. *********, the ********, *** *** ****** *********** in *** ********. **** **** ** relatively ******** ** *** **********.

Headcount ********* ~**%

********* **** ** *** "********** **********" in **** *** ***** ~**,*** *********. This ** ~**% ****** ** ******* headcount. ** *** *** ** ****, Hikvision *** ~**,*** ********* ** *****, as ** ******** **,*** *&* *********, which ********* *** ~**% ** *** total *********:IPVM Image

** *** **,*** *** *********, ~*,*** employees *** ********** **** *******, ***** ~6,000 *** ***-********** **** ******* (*.*. work ** *&* ** *****), ********* said. ************, *** ******** ** *** 6,000 ***-********** **** ******* **** ********** to *&* ******* ** *** ********** business.

Hikvision *. **** *** ***********

*** ******* ** *** ~*** *** size ** ****, *** ******* ***-*** surveillance ************, ** ***** ** ****** revenue *** ******** *****.

********* ** ~*.** *** **** ** Dahua *** ~*** ******* ** ***** of *******. ***** *** ******* *** the *** *** *** ******* *** surveillance *************.

Comments ** *************

*** ******* ** "***** **** ********** to ****** ** ************* *** ****** company," ********* **** *** ******** **** Hikvision *** **** "**********" ** *** last *** *****.

************, ********* ********* **** *** ** plays * *********** **** ** *************:

** *** ******* *** **** ******** country ** *** *****, *** *.*. has * *********** ****** ** *************.

******** ********* **** ** ** ********* to ** ** ************* *******, ** commented ** *** ****** ** *** domestic *** ****** ***** ***** ****** Hikvision ** *** **** ** ****** on ************* **********:

*** *******, ****** ****, ********** ****** were *** ********* ********,now, **** *** ********* *** ******** ************. For surveillance DVRs, NVRs, SOCs, before 2010 we imported almost all of them, but *** ****** *** *** ******** ** ******** *********. Chinese companies making end products are still very competitive in the world. [emphasis added]

Hikvision ***** **** **% ** **** ****

*********'* ***** ** **** ~**% ** the **** ****, ********** ******** ********* have ******** ******* *********'* ****** ********** in ** **** *** ******** $** billion *** ** ******* ** *** end ** ****.

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*******, ********* ** ******* ** ************* the **** ***** ** ** *** ~4 ***** ***, ******* ************* ********** revenue *****. ** ****, ********* ********~$*.* ******* *** ** *******.

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Online ******** *&* - ***** **

********* ********* **** ** **** ** hosting ******** ******** *&* ** ***** **, 2022. **** **** ***** *** ****** accordingly ** *** *******'* ********, ********* those ** ******** ****** *** ** impact/outlook.

Comments (2)

* ** ***** ********* ** ***** employee *****. **** ** * *** of ****** *** * ***'* ******* their ***** **** **** **** **** many ******* ** *&*. ***** **** number **** ******* *** **** **** have ******* ** *** ************ ******* watching **** ********* *** *****?

**** ** **** **** ****** **** to *** **** ** ***** ********:

** *** ******* *** **** ******** country ** *** *****, *** *.*. has * *********** ****** ** *************.

Agree
Disagree
Informative
Unhelpful: 1
Funny: 2

*** ***** ** ** * *** guy * *** *** ****.

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