Q1 **** *******
******* *** ** ~**% year **** ****, **** from ~**% *** ******** quarter, *** **%+ ** the ********* ** ****.
******* *********, *** ****** margins ********, **** ******* ********** at **** **** **** the **** ** ******.
********* ****** ** ************ sharply *** ****** ******* are *********. *** ********* Q1 **** (******* ********) financials [**** ** ****** available].
Raising ****
*** *** **** ** the *** ** **** was*********'* $*.* ******* *********. ** **, ********* issued ~$*** ******* ** new ****, ** ***% year **** ****.
Burning ****
******* *********'* **** **** reported *** ******* (~**%, though **** **** ~**% in *** **** *** years), *** ******* ********* to **** ****. ******, Hikvision ****** **** **** from ********** ** ** 2016 **** **** *** in ** ****, ****** the ****** **** *** down ** ~**.
High ******** **********
*** ***** ** ******* cash ** ****** ** Hikvision's ********* ****** ****. Hikvision's ******** *********** *** growing ** ****** ***** their ****** **** **** days ***** *********** ** ~150 ****.
** ***** **** * Chinese ***** ********* ****** who ******** *** **** likely cause ** *** ************* ******** economy / *********. ** says ****, ***** * DSO ** *** **** may ** ******** ** the **** (*.*., **** is ~** ****), **** worse ****** *** ******* in *****. ********, ** says, ***** *********'* ****** government **** / ************, Hikvision ** ** ********** good ***** ** ** paid (**********) ** *** government *********.
Domestic ** ******** ********
** ******* **** *** main ****** **** ** Hikvision ** *****'* ******** *******, which ** ****** ******** dealing **** ***** *** normal ** ***** ****** / ***** ** * potential **** *******. ******, after ***** ** ********** infrastructure ****** ***** *** been * **** **** for *********, *** **** will **** ********?
********* ***** *** **** strong ******** ******** *********** positioning, **** * *** more ** *** ****** that **** *** **** over. *******, **** ** ******* like ***** *******, ***** growth *** **** *********** relative ** ******** *****, keeping ***** ****** ***** will ** ************ ****, as ****** *** ******* market, **** ******** ******* tend ** ** ****** fragmented *** ** *** benefit **** ********** ********* / *************.
********, ** ***** ******* ******** to ***********, *** ** the ******* ******** ****** worsens, **** ***** ****** their ************* *********. **** noted, ** ********* ************ $*.* ******* ** their ********* ** ******* overseas, **** **** ****** of ******** ** **** losses *** ***** ** come.
*******
*** ***, ** ** not *** **** ******** Hikvision's ******* ******** *** impact. *******, *** *** question ** *** *** down **** ********* ****? Will **** ********* ****** these ******? **** *** Chinese ******* ******* ******* or **** ** *** a **** *******? ***** are ***** ********* **** the ***** **** *** debating.
** ** *******, ******, that *** ****** ** the ***** ************ ****** depends ******* ** *** future ** *** ******* government *** *** ******* / ********** **** *********.
Comments (8)
Jon Dillabaugh
04/12/16 10:31pm
John, do you foresee struggles for Hik in the future leading to other brands possibly making a rebound? For example, if their pricing increases due to investor pressure, could that help the other top brands (Axis, Avigilon, etc)?
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Undisclosed #1
Do you mean profit margins? Because profits increased, no?
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Undisclosed End User #2
What would be interesting to see is more detail comparing Hik to others - market share, profit margins, etc. over the past few years. Any rapid growth company can't be expected to sustain that growth over time so the article reflects what should be expected for any industry with lots of competition.
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Michael Mathieson
But is it any different for a large corporate than a small to medium business like most of us ie if you chase the lower end of the market which is simply looking for the cheapest deal you will make less money for more hassle. Deal with people who appreciate quality over price
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