$770 *******
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*****, **** $*** ******* is ********* *** ** addition ** *** $*.* billion **** **** ********; different *****, ********* *********.
** ***** * ******* ********* expert *** ******** ** this ****. ******** *****:
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***** *********'* **********, *** divestiture [** ***** ****], and ********** ** *** leadership, ** **** *** come ** * **** surprise **** **** ** taking *****. ********* ** closely ****** ** ******** and ***** *** ********** of *** ********** ** does *** **** * stretch ** ***** ** overlap ****. **** ** interesting ** **** *** deal ***** ** ** for *** ** ******* credit ********* *** *** customers. ** *** ******* though ******* **** *** for ******** ** ************* clients, ****** ****** ********. It *** **** *********** that ** ********* ******** on ***** *** ****** enterprises. * ***** **** this ** **** *********** and *****. ** ***** words, ** ***** **** Hikvision is ****** ** * financial ***** ******* **** also ***** **** **** sales.
Record **** ****** *****
**** *** *********'* ****, securing ****** $* ******* USD ** **** ** half * ****, **** be ********** ** ****.
*******, ** ** **** surprising ** *** ***** of *** ******* ******* economy. *** *******, "***** **** **** ******* record **** ** **** to ******* ******" *** ** *****'* home ********, "********* ***** **** ******** at *** ** *****’* private ****** *********".
** *** **** ***, this ******* ************* *** increasingly ********* *** ***** and *** ********* **** own, **** *********. ** the ***** ****, ********* has ************* ********* *** authorization *** ********* ******* expansion.
Comments (31)
Scot MacTaggart
That's an awful lot of $100 cameras.
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Jack Sink
Hikvison's global dominance is driven by their superior remote video access ease of use - you don't even need a login :-)
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Undisclosed Manufacturer #4
Just to be clear. What Guangfa Development Bank provided is essentially the Chinese way of ABL (asset based lending) in a supply chain environment.
The recipients of ABL financing are small and medium dealers/resellers. The goal of such lending practice is to increase Hik's sales and push more stuff down the channel.
This is how it works:
1. Hik would create credit profiles for dealers / integrators based on data gathered from past working partnership;
2. The bank would assess credit worthiness of the dealers based on these credit profiles, and provide these dealers with credit facility backed by assets collateral;
Why the bank need credit profiles generated by Hik? Because these dealers are too small to get any money from the bank. The only way for them to get anything is to have Hik back them up, since Hik knows them well.
3. The collateral would be Hik's products that become inventory sitting in the dealers' warehouse. The face value discount on the collateral is often 20-40%.
4. When the dealer sell any of the inventory, the proceed from the sales will locked and automatically wired to the bank as a repayment of the debt.
5. Normally, there will be a recourse agreement that requires Hik to buy back the inventory from the dealers, if the dealers can not sell the inventory within a period of time.
Thus, this recourse agreement will add huge off-balance-sheet liability to Hik. Obviously, Hik will never want its investors to know about that.
The other side of the news is that Hik will also provide banking solutions to Guang Fa Development Bank. Looks like Hik is entering the vertical segments..
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Undisclosed Manufacturer #5
More devaluing of the CCTV Market!! Enough with the Chinese government subsidizing a company to control the North American Market!! It should be illegal!
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Undisclosed Manufacturer #7
I think Hikvison's strategy is "we only lose $1 on each camera but we make it up in volume."
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Undisclosed Manufacturer #8
A great friend of mine once said: If everyone is chasing the bottom of a market with low priced, low quality product, go the other way!
And that is what I intend to do, sell better quality at a fair price and back it up. Let the bottom feeders feed, make next to nothing on selling cameras at no or little margins, and let the installers become just a guy on a ladder as your competition. We need to focus on what is best about the business.... Quality, Tech Support, and Customer Satisfaction after the install. Instead of all this competing for the bottom.
Good Luck with that! I for one am going to the high road and be apart of being a true consultant and add value to my business and my customers, and stop competing with a guy on a ladder.
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