Executive *******
********* ********* ****** **% ***** ****** for **** ****-**** ** $*.* *******, led ** ******** ****** ** **% as **** ** ******** ****** ** 25%. ******* **** **** **% ** almost $* *******.
***** *** ******** *** **% ** Hikvision's *******. *****, *****, **** ******* any ******** ***** ***** ***** ** 5 ***** ** ***** ** ****' global *****, *** ******* ******* ********** for *********.
********* ****** ** ** ************ ********* on ****** *** *** ******** *******, stating *** *** *** ****** ****** the ** ** **% ** *** non-China ***** ***** ********** ** ********** actions ** "******" *** "************". *********'* European ********** *** ****, ******, **** potential ********* **** ** ************* ** *** ** ******* ******* Committee.
********* ****** **** ******** ********* ***** further ****** ****** ***** ******** ** keep ****** ***,***** ******* ****** **** ****. *********'* ***** *******, ********** overseas, ******* ************* (* ******) ** the ***** ****** **** *****.
Pandemic ****** ****
**** *********, ********* *********, *** ********** from * ******-**** ** ** **** compared ** *** ***** ** *** pandemic * **** ***. ** ****, it ** ******* *** ************** **** period's ****** ** *** ****** *****.
Strong ******** ****** ****** ** *** *******
******** ***** ***** ****** **% ** $3.77 *******. ********* ********* *** **** from **** **** ******** (***.*%) ***** to *** *****-***-****** ******* (****) ** ~$950 *******:
********* ********** **** ** **** ***** "most ******** ********" ** *** ******** last ****, ***** ********** **** *********'* ability ** **** ****** ********** *** this ****:
SMBG *** **** ******** ******** ** *** ******** **** **** , with a low base. The rebound in the first half of the year was relatively strong. On the one hand, the business flexibility of small and medium-sized enterprises is greater. After the investment confidence is restored, the business has also improved significantly; on the other hand, despite the tight supply of raw materials such as chips, [Hikvision is] better because the ******* *** ******* ***** ********** ** *&* *** ********** [emphasis added]
*********'* ********** (***) *** ********** (***) sales *** *** **** ** ************ but ***** ****** ***** ****** ** 29.31% ** $*.** ******* *** **.**% to $*.* *******, ************.
Overseas ******
*********'* ******** ***** **** **% ** $1.46 *******:
********* **** **** ******** **** **** "****** ** ***** * ********** large ****** *** **" ** ******** to *** **, ***** ***** **** shrunk ** ***** **% ** ***** overseas *****, ****** ** ******* ******'* proportion ** ********:
*** ** ****** ** ******** ** the ************ ** *** ********, *** the ********* *** ********** ** *********' sales ************ **** **** ******** ** a ******* ****** [...] * *** years ***, *** ******* ** *** United ****** *** ****** ********* *** about **** ** ******** *******. *** because *** ********** ** *** ****** States *** **** ***** ****,the ****** ****** *** *** ******* *** ***** */** ** ******** ******* . Europe ** ***** * ********** ***** ****** *** ** ***, *** *** ********** **** ** ******. [...] Thesituation ** *** ****** ****** *** *** ** **********
**** ***** ********* ***** ******* ************ contributed ** **** **** ** ******. If ********* ********, ** **** ******.
*** **** ** ******* ** ****** is **** ****-****, ****** *** **** impose ******* ****/********* ** *********, *.*. the **** *** ******** ** *** ** Foreign ******* *********, ***** **********'* ********* ******* , *********'* ******* ** ****** ************* **** *********'* ****** ****** *** "*******".
US ***** ***** ~$*** ******* *** ** ****
******* ** ********, *********'* ** **** revenue *** ~$*** *******, ***** ** the ******** ******** ***** ~$*.* ******* and *********'* ***** **** *** ** was ~**% ** **** *******. ** an ****** *****, **** ***** *** Hikvision's ***** ** ******** ** ~$*** million, ********* ******* *** *** (*.*., (e.g., ***,****** ** ****** )
*********, *** *** ******** *** ~*.*% of *********'* ***** ******* (*.*., **% of *** **% ** ******** *******). If *** *** ** ***** ** action ***** ********* ***, ** ***** only ** * ***** ****** *********** on *********.
Gross ******* **** ** *** ** ***** ****, ****** *****
*********'* ***** ******* **** *.**% ******** to **** ****, ** *********:
***** ******* **** **** **** **** overseas (-*.**%) **. ************, *******:
********* ********** *** ******* ****** ********* to ****** ******* *****, ******* *** impact ** **** ** ******* ** still "********** **********":
******* *** **** ** ******** ** rising *******.********* *** ***** ***** ** * very ******** *****, ***company ** ***** ********** * *********, ****** ** ******** ****** *** ******* of *** ******* [******** *****]
********* **** **** *** *** ** the ***** ****** **** **** **** *** *******:
*** ***** ****** ****** ******** **** the **** ****** **** **** ** still ******** ** ***sales ******* ** ******* ******* ******** **** **** , which is also one of the reasons. [emphasis added]
** **** ******* **** ****,********* (******** ) ***** *** ***** ******* ****** margins ************* ****** *** ********'* ******, particularly ********.
Hikvision **** "**** *** ***" ** "******" *** ***, ********* "**** *********"
** *** ******** ****, ********* **** it **** ** "**** *** ***" for *** ****** ** *** *** ban ******* *** ********* ** ** "unfair" *** "************", ****** ******** "**** and **** *********", ******* *** ** Yangzhong *********** ** '**** **** *******' **** *****:
** ***** ** ** *********** ****** in *** **'* *********** ** ******* technology *********, ******-** ******** *********** ** the U.S. ****** *** ****** **** *** **** *********, ******* **** ************ ** ****** ***** *** ************ ***. The FCC has not yet come into effect. It is not easy to draw conclusions, so we ******** ** **** *** ***. Although it ** ******, we also accept this result and can only work harder to make our products, business, and services better. [emphasis added]
********* ***** ** *** "**** *********" about *** ******* ** ****** *** ******* :
*** ******** ****** ** *.*. ********* on *** ******* *********. *** *.*. Federal ************** ********** ******* ************* ************ are ***** ** *** *********** *******, and *** ****** ** ***** **** will ********** ** ********** ******* ** be ******* ********.***prospects *** **** *** **** ********* . ** *** **** ** ******* ********* situations, *** ******* **** ******* ********** and ****** ** *** ******* ******** philosophy. [******** *****]
******, * ***** ********** ******** ** whether *** *** **** ****** ******** Hikvision ************** ** **** ***** ** new ****. ******* ** **** **** take ******, ** *** *** *** yet ** ****** *** ****** ** Proposed ********** ** *** ******* ******** which **** ****** * **-*** ******* period.
Hikvision ******* ********* ** ***** *********
******* ************ ****** **** , ********* ****** ****** ***** ********* **** **** ***** **** ********* ** raw ******** **** *** ** *** own "**********" *** **** ** ******** to **** ******* * "********** ****** price":
**** ****, *** ****** ******** **** is ******. *** ********* ******* ******, chips, *** ** **.We ****** **** ** *** ** ******* *** ******* ** *** ******* *****, ** ** **** **** ***** * ******, *** ** **** *** ***** [** ****] . ** ** ******** **** * **********stable ***** *** **** ******* , otherwise our price increase will still lag behind the fluctuation of raw materials [...] *** ** *** ***** ****** ** raw ********* **** ** *****, [*********'* situation] ** ****** ******* *** ******* has ******* ***** ********** ** *&* and **********. ** ***** **** ** solve *** ********** ********.
** *** **** ******** ** *** topic ** ******* ***** *********. ****** 2021, *** ****** ** *****, *********'* products *** ****** ** ***** *********. When ** ******** *** *****, ** are ********.According ** **. **’* **********, ** ****** ****** ******** *** ***** [...] It violates our integrity to customers and users. [emphasis added]
Expects ********* ** ** **** ****** **** ** ****
********* **** ** ******** *** "***** delivery *********" ** ******* **** *** second **** ** **** **** *** that *** ******* ********* *** * "special ******" **** *** ****, ***** will ****** *** ****** ****:
*** ***** ******** ********* ** ***second **** ** *** **** **** ********. This is our judgment
******* *** ******* ****** ** *** materials ** *****, ** *** *** be **** ** ******* ***. *********, in *** ******* ** ****** ************, the ***** ** **********-***** ***** *** be *******. ******** **** *** ****, this ********* ** * ******* ****** at *** ******,this ****** **** **** ****** *** ****** ****. [emphasis added]
Stock **** *** ** ******* ****** *****
*********'* ***** ** **** ******* (**** 6%) **** **** *** **** ***** ** * ******* ******* ** *** **** ********* ******* ** a ********* *********.
Can ****** ****?
*******, ***** **** *** **, ********* continues ** ** **** ************ *** overseas. *** ***** ******** ** ******* it *** **** ** ** *** European ****** **** ***** ****** *** national ******** ******** *****.
Domestic ********
******** ******* ** ****** ** *** USA, *** **** ****** **% ****** inside ** ***** *** *** ************ revenue ** **** ******** ********* ***** strength **** ****** ******** *********** *** no ********** ******* ****.
Comments (17)
Undisclosed #1
** **** ** *********** ** *** how *** *** ******* *** ***+ current ************** (****** ***) ** ********* devices.
**** ***** *** *******, ********* *.*. will ** ********.
** ***** **********.
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Undisclosed #4
**** **** *********’* *******?
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Maurice-Pascal Kniehl
**** *** *********'* ********* ****** (** 2021 *** ** ****)?
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