Hikvision announces YoY growth of nearly 40%

Hikvision has seen 39.68% YoY growth

Hikvision’s financial results for the first half of 2021 show the manufacturer generated revenues of $5.25 billion (RMB 33.90 billion) with a year-over-year (YoY) growth of 39.68%. Net profits attributable to shareholders of the listed company were $1 billion (RMB 6.48 billion), reflecting a YoY growth of 40.17%.

“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%. 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% of revenue.



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