About Hikvision and its Relevance
Hikvision, a global leader in security, has reported its annual financial results for 2024 and the performance of Q1 2025. Over the past two decades, Hikvision has established itself as a key player in the security industry, building a robust AIoT ecosystem with over 30,000 products.
The company has maintained its leadership in the domestic security market while seeking growth in international markets and innovative businesses. Hikvision’s focus on profitability has driven organizational transformation and refined management practices to support sustainable long-term growth. The company excels in leveraging large-scale AI model advancements to accelerate industry-specific digitalization.
Financial Performance in 2024 and Q1 2025
In 2024, Hikvision generated total revenues of 92.496 billion RMB (approximately $12.87 billion), marking a 3.53% year-over-year growth.
During Q1 2025, the company’s revenues reached 18.532 billion RMB (around $2.58 billion), a 4.01% increase compared to the previous year. Net profit attributable to shareholders amounted to 2.039 billion RMB (approximately $0.28 billion), reflecting a 6.41% year-over-year growth.
International Expansion and Innovative Businesses
Hikvision has strengthened its international presence, with foreign markets accounting for 28.10% of total revenues, totaling 25.989 billion RMB (approximately $3.62 billion) and a year-over-year growth of 8.39%.
The company’s international operations span over 180 countries and regions, with emerging markets contributing more than 70% of the total revenue.
The consistent growth in foreign revenues has been a significant driver of Hikvision’s overall profitability increase. Simultaneously, the company’s innovative businesses have experienced rapid growth, generating revenues of 22.484 billion RMB (approximately $3.13 billion).
Investment in Research and Development
In 2024, Hikvision prioritized research and development, investing 11.864 billion RMB (around $1.65 billion) in R&D, which accounted for 12.83% of its total revenues.
Over the years, Hikvision has developed a multi-level R&D system, with its headquarters at the core and extending to key regional centers both nationally and internationally.
Advancements in AIoT Technology
Hikvision has been actively advancing in AIoT technologies, integrating large-scale AI models such as Guanlan. These models combine vision, language, and multimodal capabilities, enhancing the perception and cognition of Hikvision’s products and solutions.
For instance, in perimeter protection, the large-scale vision model can reduce false alarms by 90%.
Future Outlook
Hikvision remains committed to a high-quality growth strategy, focusing on driving innovation, improving efficiency, and ensuring long-term sustainability.
Key Questions and Answers
- What is Hikvision? Hikvision is a global leader in the security industry, known for its robust AIoT ecosystem with over 30,000 products.
- What were Hikvision’s financial results for 2024? Hikvision generated total revenues of 92.496 billion RMB (approximately $12.87 billion) in 2024, marking a 3.53% year-over-year growth.
- How did Hikvision perform in Q1 2025? In Q1 2025, Hikvision’s revenues reached 18.532 billion RMB (around $2.58 billion), a 4.01% increase compared to the previous year. Net profit attributable to shareholders amounted to 2.039 billion RMB (approximately $0.28 billion), reflecting a 6.41% year-over-year growth.
- What is Hikvision’s international presence like? Hikvision operates in over 180 countries and regions, with emerging markets contributing more than 70% of its total revenue. Foreign markets accounted for 28.10% of Hikvision’s total revenues in 2024, totaling 25.989 billion RMB (approximately $3.62 billion) with an 8.39% year-over-year growth.
- How does Hikvision invest in research and development? In 2024, Hikvision invested 11.864 billion RMB (around $1.65 billion) in R&D, accounting for 12.83% of its total revenues.
- What advancements has Hikvision made in AIoT technology? Hikvision has been actively advancing in AIoT technologies, integrating large-scale AI models such as Guanlan. These models combine vision, language, and multimodal capabilities, enhancing the perception and cognition of Hikvision’s products and solutions.
