Hikvision Revenue Surges Q1 2021

By Isabella Cheng, Published Apr 22, 2021, 07:34am EDT (Info+)

Hikvision rebounded to nearly 50% growth in Q1 2021, a year after revenue declined last year at the start of the COVID-19 epidemic.

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In this report, IPVM examines:

  • Q1 2021 revenue shows strong growth
  • COVID rebound anomaly or permanent return?
  • Domestic/overseas breakdown for Q1 2021
  • Hikvision comments on Q1 2021
  • 2020 annual revenue/profits grow despite pandemic
  • Hikvision comments on US sanction impacts
  • Future expense ratio growth
  • Chip supply constraints and challenges
  • Optimism towards China government projects

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

********* ** **** *******, ******* ** 40+%

*********'* ** **** ******* **** **.**% to ~$*.* ******* ***, ******** ** ~$1.5 ******* *** **** **** ** Q1 ****. *** ******* ********* ****, growing **.**% **** ~$*** ******* *** to ~$*** ******* ***.

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*****, ********* *** ********* ***** ******* to ****** **** * **** ***** of ****** ********** *** **** ** 2021. ********* ********* ********* ** ****** expectations *** *** **** ** *** year.

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

*********'* **% ******* ****** ******* ** 2020 *** ** **** ******** * historically ********* ** ***** ****** *****.

******* ** ** **** **** *.**% impacted ** *** ***** ** *** COVID ********.

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

*****'* ** **** ******* * ****** **.*%** *** ******* ********* **** *** COVID ********. *********'* **% ***** ****** should ** ****** ** ***** ** China's **.*% *** ****** **** *******. Still, ***** ********** *** *****'* ******* strong *** ******, *********'* ** **** performance ** **********.

** ******** / ******** ********* *** Q1 ****

********* *** *** ***** *** ** 2021 ***** **** ******** **. ********, making ** **** ** ********* ******* this *** ****** ** ****** ** outside ** *****. ********* **** ***** out *** ******** *. ******** *********** in *** ***-**** ******, ***** **** give **** ***** ** *** ******** breakdown ** ******** *** *****.

****** ******* ** ******** ********* **** *** ** **** *******, Hikvision *** ** ********* *** *** elaborate ** ******** ********, *** ******* said *** ********* **** ************ *** overseas ** *********:

** *******, *** ******** ******* ** gradually ******* *** ** *** ****** of *** ********, *** ********** *** control ** ******** ********* ** ******, and *** ******* ******** *** ******* business *********** ** ********** ******, ***** is ********* ** ******** ***********.

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

** **** **** ***** ****** *** call **** ********* *********'* **% ****** in ** **** *** ** ******* because ** ******** *******, *** **** the ****** **** ***** ** **** "normal" ** ****** ** **** ** "routine":

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

** **** ******* *** **********

** **** ********* **** *** ******* mix ********* *** "*** ******* ****" from ******* ********* * **** ***. This ***** ***** ** ********* *** not ***** **** ** ***** ***** camera ***** ***** ** ****. *******, Hu *** *********** **** ***** ****** sales *** * *********** ****** ** overall ******:

******** **** *** ******** ******* *********, the ****** ********* ** *** ***** quarter *** *** ******* ****. ****** for **** ********** ****** ** ***** temperature *********** ******** ****** ** *** 2020 ********, ***** ******* **** ****** effect ** *** ******* ******.

**** ***** *** $*.* *******, *******/******* Grow ******* ********

********* **** ******** *** **** ****** report, ********** ***** ** $*.* ******* USD, ** **.**% **** ****. ******* were ** *.**% ** ~$* ******* USD.

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******** ********* **** *** ***** *** what ******* ** ******* ** **** came **** ***** ** ***** ******* or "***** *********** *********** ********", ***** financial ******* *** ******** ********* ******** make ***** **** ***** ******** ******* Hikvision's **** ********* *******. *** *******, Hikvision's ******** ***** ******* ********* *.** percentage ****** ** **** ** * result ** **** ***-****/****-****** ***** ******* being **** ******* ** *****:

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** *** **** ******** ****, ********* explicitly ***** *** ****** ** ***** profit **** ***** ****** *****:

******* ******* *********** *********** ******** ** the ***** **** ** *** **** have * ******* ****** ** ***** profit.

*********: ** ********* **** "********" ****** on ***** *********

********* **** ** ********* **** * "profound" ****** ** ***** *********, *** acknowledged ** **** "**** *********" **** the ********* ****** ** *** *******:

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

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

*** *******'* ******* ***** **** "******** to ****" **** *** ****-**** ** said, ****** *** ****** *********** *** China ** ******* *** ********** *********:

* ******* **** *****'* ********** *********, including **************, **** ****, *********, ***** algorithms, *** **** ***** *******, ***** will **** ***** *********** ** *** next ** ** ** *****.This ** *** *********** ** ***. The ******* ***** **** ******** ** ** **. As a business, we must not only have the ability to manage risks, but also keep pursuing opportunities.

********* **** ***** *** ********* *&* spending ** *** ** ** ******* with *** ******* ** ***** ********* (i.e. **** ****** ** ** **********):

*** ****** ** ******* ******* ** what ** ****** ***. ** *** 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 ****** *********** ** ** * ****** *********

********* ******* **** *********** ** ** a ****** ********* *** *** *******, although ** ** *** ***** ********* impacted ** *********:

*** ****** ***** **** **** ***** challenges ** *** **** *** *****, now *** ** *** **** *** years. *** ********** ** *** **** few ***** **** **** **** *** uncertainty ******* ***** ** *********, ********* sanctions ** ********* *** ********* ** Huawei... ********* *** ******* *** ***** of *** **** **** ********** ****, and ** *** *** *** **** impact ** ********* ** *******,but ** *** **** ***, *** ******* ******** ** ************** ***** ***** **** ********** for us. [emphasis added]

** ************* ************* ********* **** ******** ***** ** its *** *** ** ********* **** the **. ********* ********* *******, ******* denying *** ********** ***** ** ****** its *** *****:

*** ******* ******* ** *** ******** and *********** ** ******** *** ******** products *** *********. ******** ******** **** promote *** ******* ** ******** * large ********** ** ******** *** ***********.

** ********* ** **** ******* ****** have************* ******** *** ********** ** ********* chips, ***** ********* ** ********* ** for ******** ******* *******. *******, ********* brushed *** ******** ******** ***** ********* supply ********, ****** ** *** ******** its ******** ********* ****** ** ********* emerged *** **** ** ******** **** multiple, *** **** ***, *********:

** ***** ** ******** *********, ********* did *** ****** ***** *** ********* of ** *********. **** *** *********** of ****** ***** ********, ** **** not **** **** *** ******** *** each **** ** ********, *** *******, we **** ******** ********* ** *******. We **** *** ******** ******** *********** about ******** *********, *** *** ****** chain **** ********** **** * *** of ************ ** *******, *** ******** the ********* ** *** ********* ** ensure * ****** **********.

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

********* ********* ** ********* *** ********* business *** *********** ** ********** ********, especially ** *** *** (****** ******** group) *** ************ **** *** ******* business ***** *** *** *******, ******** to *** (**********) *** **** (*****/****** business). ** ******* *** **** *** China ****** ** "**** *********" **** other ********* *** ** *****'* "*** government":

**** *** *********** ** ********* ********* in *** *****, *** ********** ** EBG ******* *** ** *** *******,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]

**** ****** "*** ************ ** **** cities ** ***** ** *** **** 15 ***** *** **** **** **********" and "********, *** ********* *** ****** security ** ********* ******," ** **** there *** ***** *** ******* ********. Hu ******* *** *** "**** ****** opportunities" ********* ** ***:

****** *** *** ** ********** ***** PBG ** *** ******, *** ** fact, *** *** **** ****** *************, includingenvironmental **********, ***** ********* **********, ********** ********* ** ******’* **********, ************, ******* ** ***** **************, ***** **********, etc. [emphasis added]

**********

********* ****** ****** ********* ******* *** Q1 **** *** ****** *** **** despite * ********* ********. ************, **** supply *********** **** ******** *** ******** industry ** ***** *** ***** ****** a ********* *** ********* ** *** future, ** *** ******* ****** *****. On *** ***** ****, *********'* ****** position ****** ** ***** ***** **** for *********'* ****** ********* *********** ** long ** *** *** ******** *********.

Comments (5)

Isabella Cheng

IPVMU Certified | 04/22/21 02:34pm

***** ******** ***** **** ***************. *****'* ******* ** ** **.**% to ~$*** ******* ***, *** ******* up *.**% ** ~$**.* ******* ***.

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***** *** * ******* ******* ******** post-COVID. *******, *** ****** ****** ** quite *** *********** *** ****** **% revenue ****** ** ** ****. **** could ** *** ** **** *********** losses ** ********** ******, ****** ********** and ***** ********** ****** ******** ** Q1 ****, ********* ** *****'* ******* sheet:

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*****'******** ** ** ******* ******** **** **** *********'*, **** Dahua **** -**.**% *. ********* **** -5.17%.

Agree
Disagree
Informative: 1
Unhelpful
Funny

Undisclosed Manufacturer #1

04/22/21 11:18pm

** *** *** ** *** ***, it's ********** ** *** **** * few ******* **** ****** ***** *** greater **** ** *** *********.

Agree: 1
Disagree
Informative
Unhelpful
Funny

Undisclosed #2

IPVMU Certified | In reply to Undisclosed Manufacturer #1 | 04/23/21 02:45am

****’* ********** *** ** ;)

Agree: 1
Disagree
Informative
Unhelpful
Funny: 1

Undisclosed Manufacturer #1

In reply to Undisclosed #2 | 04/23/21 10:41am

**********, * ****** ***** **** ****. Definitely ******* **** * ***** *** socialism. ****-******, *******.

*’* *** **********, **** ****-********-******* *** generally *** **, **** ** *** expense ** * *** *****, ***** supporting *******.

Agree: 2
Disagree
Informative
Unhelpful
Funny: 2

Undisclosed Integrator #3

04/26/21 06:33pm

********** ** *** **** *** ********** HIK/China ********* ****** ** ** ********** necessary *** ** ******** ****** (********* it **.....).

***** *** ****** * ***, *** the **** ** **** **** ** talk **** ******* ***** *** ** no ****** ***** *** **** ********* solutions **** *** **** ******, ** win *** ******** **** ***** **** not.........

**** ** *** "**" ** ********** slavery, ***** **********, ****** ******** *********, theft ** ************ ********, *** ** on........

Agree: 3
Disagree
Informative: 2
Unhelpful
Funny
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