Hikvision Revenue Surges Q1 2021

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

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

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

*****, ********* *** ********* ***** ******* 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.

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

** *** **** ******** ****, ********* 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 ** *** *** ******** *********.