Hikvision Revenue Surges Q1 2021

**********:*********'* ** **** ***************** **** **** **********.

********* ** **** *******, Profits ** **+%

*********'* ** **** ******* grew **.**% ** ~$*.* billion ***, ******** ** ~$1.5 ******* *** **** year ** ** ****. Net ******* ********* ****, growing **.**% **** ~$*** million *** ** ~$*** million ***.

*****, ********* *** ********* about ******* ** ****** such * **** ***** of ****** ********** *** rest ** ****. ********* cautioned ********* ** ****** expectations *** *** **** of *** ****.

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

*********'* **% ******* ****** between ** **** *** Q1 **** ******** * historically ********* ** ***** growth *****.

• ****: -*.**%
• ****: *.**%
• ****: **.**%
• ****: **.**%
• ****: **.**%

******* ** ** **** fell *.**% ******** ** the ***** ** *** COVID ********.

China ** **** *** **** ****** **.*%

*****'* ** **** ******* * ****** **.*%** *** ******* ********* from *** ***** ********. Hikvision's **% ***** ****** should ** ****** ** light ** *****'* **.*% GDP ****** **** *******. Still, ***** ********** *** China's ******* ****** *** growth, *********'* ** **** performance ** **********.

** ******** / ******** Breakdown *** ** ****

********* *** *** ***** out ** **** ***** into ******** **. ********, making ** **** ** determine ******* **** *** driven ** ****** ** outside ** *****. ********* will ***** *** *** domestic *. ******** *********** in *** ***-**** ******, which **** **** **** color ** *** ******** breakdown ** ******** *** sales.

****** ******* ** ******** ********* **** *** ** 2021 *******, ********* *** Hu ********* *** *** elaborate ** ******** ********, but ******* **** *** situation **** ************ *** overseas ** *********:

** *******, *** ******** economy ** ********* ******* rid ** *** ****** of *** ********, *** prevention *** ******* ** overseas ********* ** ******, and *** ******* ******** and ******* ******** *********** is ********** ******, ***** is ********* ** ******** development.

** **** "******* ***** Epidemic", ******** ** "****** to ****** ************"

** **** **** ***** during *** **** **** suggested *********'* **% ****** in ** **** *** an ******* ******* ** pandemic *******, *** **** the ****** **** ***** be **** "******" ** things ** **** ** "routine":

*** ***** ******* ***still * ****** ******* ***** *** ********. In the next few quarters, I think the entire industry will gradually move towards routine and return to normal fluctuations. [emphasis added]

** **** ******* *** Consistent

** **** ********* **** the ******* *** ********* has "*** ******* ****" from ******* ********* * year ***. **** ***** sense ** ********* *** not ***** **** ** their ***** ****** ***** until ** ****. *******, Hu *** *********** **** fever ****** ***** *** a *********** ****** ** overall ******:

******** **** *** ******** product *********, *** ****** situation ** *** ***** quarter *** *** ******* much. ****** *** **** additional ****** ** ***** temperature *********** ******** ****** by *** **** ********, other ******* **** ****** effect ** *** ******* income.

**** ***** *** $*.* Billion, *******/******* **** ******* Pandemic

********* **** ******** *** 2020 ****** ******, ********** sales ** $*.* ******* USD, ** **.**% **** 2019. ******* **** ** 7.82% ** ~$* ******* USD.

******** ********* **** *** break *** **** ******* of ******* ** **** came **** ***** ** fever ******* ** "***** temperature *********** ********", ***** financial ******* *** ******** Hikvision ******** **** ***** that ***** ******** ******* Hikvision's **** ********* *******. For *******, *********'* ******** gross ******* ********* *.** percentage ****** ** **** as * ****** ** many ***-****/****-****** ***** ******* being **** ******* ** China:

** *** **** ******** call, ********* ********** ***** the ****** ** ***** profit **** ***** ****** sales:

******* ******* *********** *********** products ** *** ***** half ** *** **** have * ******* ****** on ***** ******.

*********: ** ********* **** "Profound" ****** ** ***** Companies

********* **** ** ********* have * "********" ****** on ***** *********, *** acknowledged ** **** "**** seriously" **** *** ********* levied ** *** *******:

***sanctions ******* ** *** ** ********** ******** ** **** * ******** ****** ** ******* *********. We still have multiple ********* on us, which must be dealt with seriously. Openness, transparency, and compliance are our operating principles.

Expense ***** ******** ** **** ** ********* "******* *************"

*** *******'* ******* ***** will "******** ** ****" over *** ****-**** ** said, ****** *** ****** opportunity *** ***** ** develop *** ********** *********:

* ******* **** *****'* industrial *********, ********* **************, high ****, *********, ***** algorithms, *** **** ***** aspects, ***** **** **** great *********** ** *** next ** ** ** years.This ** *** *********** ** ***. The ******* ***** **** ******** ** ** **. As a business, we must not only have the ability to manage risks, but also keep pursuing opportunities.

********* **** ***** *** increased *&* ******** ** how ** ** ******* with *** ******* ** these ********* (*.*. **** access ** ** **********):

*** ****** ** ******* related ** **** ** choose ***. ** *** past ***** *****, ***proportion ** *** *&* ******** *** ********* *************, from 7.62% in 2017 to 8.99% in 2018, 9.51% in 2019, and 10.04% in 2020. Technological innovation is the survival and development of Hikvision. The main operating method, in the future, we will continue to insist on technological innovation as the driving force to make money for technological innovation.

Chip ****** *********** ** ** * ****** *********

********* ******* **** *********** to ** * ****** challenge *** *** *******, although ** ** *** being ********* ******** ** shortages:

*** ****** ***** **** face ***** ********** ** the **** *** *****, now *** ** *** next *** *****. *** challenges ** *** **** few ***** **** **** from *** *********** ******* about ** *********, ********* sanctions ** ********* *** sanctions ** ******... ********* has ******* *** ***** of *** **** **** relatively ****, *** ** has *** *** **** impact ** ********* ** present,but ** *** **** ***, *** ******* ******** ** ************** ***** ***** **** ********** for us. [emphasis added]

** ************* ************* ********* **** ******** chips ** *** *** due ** ********* **** the **. ********* ********* vaguely, ******* ******* *** confirming ***** ** ****** its *** *****:

*** ******* ******* ** the ******** *** *********** of ******** *** ******** products *** *********. ******** pressure **** ******* *** company ** ******** * large ********** ** ******** and ***********.

** ********* ** **** against ****** ***************** ******** *** ********** of ********* *****, ***** ********* ** dependent ** *** ******** certain *******. *******, ********* brushed *** ******** ******** about ********* ****** ********, saying ** *** ******** its ******** ********* ****** US ********* ******* *** that ** ******** **** multiple, *** **** ***, suppliers:

** ***** ** ******** selection, ********* *** *** adjust ***** *** ********* of ** *********. **** the *********** ** ****** chain ********, ** **** not **** **** *** supplier *** **** **** of ********, *** *******, we **** ******** ********* to *******. ** **** not ******** ******** *********** about ******** *********, *** our ****** ***** **** definitely **** * *** of ************ ** *******, and ******** *** ********* of *** ********* ** ensure * ****** **********.

Optimistic ***** ********** ******** ** *****

********* ********* ** ********* its ********* ******** *** involvement ** ********** ********, especially ** *** *** (public ******** *****) *** historically **** *** ******* business ***** *** *** company, ******** ** *** (enterprise) *** **** (*****/****** business). ** ******* *** that *** ***** ****** is "**** *********" **** other ********* *** ** China's "*** **********":

**** *** *********** ** developed ********* ** *** world, *** ********** ** EBG ******* *** ** the *******,but *** ******* ****** ** **** *********, ******* ** *** * *** ********** *** *** ********** **** ** ****. The development of PBG in the next few years is related to the evolution of the country’s macro policies and social needs. [emphasis added]

**** ****** "*** ************ of **** ****** ** China ** *** **** 15 ***** *** **** very **********" *** "********, the ********* *** ****** security ** ********* ******," Hu **** ***** *** still *** ******* ********. Hu ******* *** *** "many ****** *************" ********* to ***:

****** *** *** ** optimistic ***** *** ** the ******, *** ** fact, *** *** **** market *************, *********environmental **********, ***** ********* **********, ********** ********* ** ******’* **********, ************, ******* ** ***** **************, ***** **********, etc. [emphasis added]

**********

********* ****** ****** ********* results *** ** **** and ****** *** **** despite * ********* ********. Nevertheless, **** ****** *********** have ******** *** ******** industry ** ***** *** could ****** * ********* for ********* ** *** future, ** *** ******* itself *****. ** *** other ****, *********'* ****** position ****** ** ***** bodes **** *** *********'* future ********* *********** ** long ** *** *** recovery *********.