Hikvision announces 2021 Q1, Q2 financial results YoY growth of nearly 40 percent reflects commitment to North American market
By SSN Staff
Updated 9:24 AM CDT, Fri August 6, 2021
CITY OF INDUSTRY, Calif.—Hikvision, a world-leading manufacturer and supplier of security products and solutions, has released its financial results for the first half of 2021.
During the reporting period, Hikvision generated revenues of $5.25 billion (RMB 33.90 billion) with a year-over-year (YoY) growth of 39.68 percent. Net profits attributable to shareholders of the listed company were $1 billion (RMB 6.48 billion), reflecting a YoY growth of 40.17 percent.
“While uncertainties remain, the sustained growth we’ve experienced in the first half of 2021 renews our optimism in the resilience of the global marketplace and shows us the importance of innovative security products,” said Tony Yang, President, Hikvision USA. “We will continue our focus on developing solid products that enable safety and security, while working closely with our partners.”
Hikvision’s revenue in overseas markets amounted to $1.5 billion (RMB 9.47 billion), with a YoY increase of 25.53 percent.
In the first half-year of 2021, Hikvision further expanded its investment in R&D, to $600 million (RMB 3.88 billion), which accounted for 11.44 percent of revenue.
Hikvision is committed to continued investment in R&D and technical innovation while focusing on optimizing its operations.
For more information, please visit https://us.hikvision.com.
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