Hikvision
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Aktivs
As of June 2019, the company has more than 34,000 employees and 16,000 R&D engineers. The global Hikvision network is represented by its head office in China and 46 trade offices in Europe, Asia and America. Hikvision products are successfully used in more than 150 countries.
Hikvision products at this time include: video surveillance systems, video walls, MCDS, intercom, security alarms. Hikvision promotes key audio and video encoding, video processing and storage technologies, as well as promising technologies such as cloud computing, big data, and deep learning. In addition to the video surveillance market, Hikvision offers smart home, industrial automation and robotics solutions according to its long-term development strategy.
Products and Services
The Hikvision line of thermal imagers allows businesses and public organizations of any size to choose a solution for their needs and tasks. For example, for institutions with many visitors, the company's assortment has a metal detector that combines the detection of metal objects with the measurement of the visitor's body temperature.
Some Hikvision products support employee facial recognition. For example, the company offers several thermal solutions for office buildings and organizations with turnstiles - terminals of this class connect to the turnstile and block the entrance if the visitor is not in the base or if his temperature is elevated. Access terminals can be installed in medical and educational institutions, airports, metro stations.
Another class of solutions from Hikvision is portable thermal imaging inspection systems. They can be quickly deployed at any facility where there is an emergency need to determine the temperature of employees.
Performance indicators
2020: Revenue growth of 10.14% to RMB63.50 billion
Hikvision, a global developer and manufacturer of integrated and intelligent security solutions, shared its TAdviser financial 2020 results on April 24, 2021. The total revenue of the company for the reporting period reached 63.50 billion yuan, exceeding the same indicator in 2019 by 10.14%. In turn, net income was 13.39 billion yuan, an increase of 7.82% compared to 2019.
One of the key areas of the company is research and development. In 2020, Hikvision invested 6.38 billion yuan in the development of new technologies and solutions. Over the past few years, the company has gradually increased its share of R&D investments in total capital investment: 7.62% in 2017, 8.99% in 2018, 9.51% in 2019 and 10.04% in 2020.
 | "Despite economic social difficulties, new technologies were actively developing in 2020, on the basis of which a large number of projects were implemented, especially in the direction of thermometry intellectual video analysts and for counting visitors, detecting personal protective equipment and other tasks to ensure safety in conditions. pandemics Large growth was shown by the segment of complex solutions and unified software platforms for managing both systems and, in safety general, the whole at IT infrastructure the facilities. For Hikvision, these are priority areas of development in which we will continue to increase our expertise and develop new technological solutions that meet the most diverse needs of the market and its verticals, "said Ili Feng, CEO. Hikvision Russia |  |
Business in Russia
Main article: Hikvision Russia
Hikvision's representative office in Russia was opened in 2009 in St. Petersburg. In the same year, a two-tier partnership scheme was approved for work in the Russian B2B market.
History
2024: Mass layoffs due to sanctions
In mid-October 2024, video surveillance technology provider Hikvision said it planned to reduce the number of research and development workers, but denied large-scale layoffs. The reason for the cuts was US sanctions. The company is expected to lay off more than 1,000 employees working in China. According to the annual report, 58,544 people worked in the Hikvision at the end of 2023.
Like many other Chinese companies, Hikvision calls the upcoming job cuts "streamlining" the business so as not to attract unwanted public attention. Hikvision and its rival Dahua Technology, as well as 26 other Chinese companies, were added in 2019 by the US presidential administration to a list of unwanted companies accused of Hikvision the rights of Uighur Muslims in China. Companies on this blacklist are prohibited from buying components from American firms without Washington's approval. At the time, Hikvision said it was "strongly opposed" to the US government's decision.
In 2022, the U.S. Federal Communications Commission banned Hikvision as well as four other Chinese companies, including Huawei Technologies and Dahua, from selling new equipment in the Hikvision without special authorization. The company's services and equipment pose an "unacceptable risk to U.S. national security," according to the U.S. government. While Hikvision remains the world's largest maker of video surveillance equipment by market share, the company's share price and revenue have fallen significantly over the past two years due to Hikvision. The company's shares lost more than half of their value from July 2021 to mid-October 2024, and the company's revenue grew by only 2.1% in 2022 and 7.4% in 2023, which is much less than the 28% increase in 2021. The deteriorating financial performance is also pushing the manufacturer to downsize. [1]
2022
Banning the import and sale of equipment in the United States
U.S. Federal Communications Commission banned the import and sale to the country telecommunication of equipment manufactured by,, and Huawei ZTE Hytera a number of other companies from. PEOPLE'S REPUBLIC OF CHINA This became known on November 26, 2022. More. here
US plans to impose sanctions against the company
On May 4, 2022, it was announced that the United States plans to impose sanctions against Chinese Hikvision.
2020
Companies using Chinese equipment will lose government contracts in the United States
The administration of US President Donald Trump intends to introduce rules that will prohibit the US government from buying goods or services from any company using the products of five Chinese tech giants - Huawei, Dahua, ZTE, Hikvision and Hytera.
As the Reuters news agency reported in July, this ban could have far-reaching consequences for companies selling goods and services to the US government. Any firm that uses the equipment or services of these Chinese companies will no longer be able to sell them to the US government without obtaining permission from the authorities.
| | "The danger our country faces from foreign adversaries like China seeking to infiltrate our systems is too great. The Trump administration supports our government in the fight against malicious networks such as Huawei by imposing a ban on federal purchases, "explained Russell Vought, acting director of the US Administration and Budget Office. | |
The US government contract market has an annual turnover of about $500 billion, and now access to it may be difficult for those companies that use Huawei, Dahua, ZTE, Hikvision or Hytera equipment. For example, Dahua and Hikvision are the world's largest suppliers of components for video surveillance systems, and it may not be so easy to do without their products.
According to the official, the new rules are introduced not only to prohibit government agencies from using products from Huawei, Dahua, ZTE, Hikvision or Hytera, but they are also an attempt to limit the influence of Chinese companies. In other words, American companies are given the choice of doing business with the US government or with Chinese firms.
The new rules will come into force on August 13, but it remains unknown whether they will affect only future contracts, or existing ones.
Opening of the showroom in Tashkent
Tashkent The opening of the new Hikvision showroom was held, which presents the latest developments for ensuring security, intelligent technologies for business, comprehensive solutions for projects in the field of,, safe city, and industries transport retail other verticals of the market. This became known on June 10, 2020.
With the help of the showroom, Hikvision specialists and company partners will be able to demonstrate modern security systems to customers in action and test the necessary functions. The opening ceremony was attended by Hikvision partners in the region - heads of the Group of Companies AKFA Ismoil Isroilov and Bahodir Abdullaev.
Hikvision has already implemented a number of major projects in Central Asia, in particular in Uzbekistan - the elements of security systems in these projects formed the basis of an open demonstration platform. Hikvision partners and customers can also familiarize themselves here with the lines of thermal imaging equipment for measuring human temperature, popular products of the ColorVu and AcuSense series, Smart media panels for building video walls and information boards, smart cameras and recorders of the DeepinView and DeepinMind series, the Smart Home system based on the EZVIZ brand and other solutions.
The showroom's territory is a high-tech space for demonstrating modern IT solutions. The demo platform consists of two parts, an internal exposition and a street one. For example, elements of the Intelligent Transport System (ITS) for managing traffic and parking space are presented directly on the street. Cameras for fixing traffic violations and measuring speed are installed directly above the road and analyze traffic in real time, which allows visitors to the showroom to familiarize themselves with the operation of the system in the "field" conditions. Cameras can identify drivers who do not use a special headset for mobile phones when driving, seat belts. The video system is based on the HikCentral Master software platform, with the help of which the intelligent component of ITS is implemented: search for vehicles, collection of statistics, analysis of road traffic and identification of problem areas on the road.
Leonid Tan, CEO of Hikvision CIS:
| | The main task of our new showroom is to present the capabilities of Hikvision design solutions for state and large commercial customers. The showroom is divided into several thematic sections, each of them is fully functional, the systems work as if they were already installed on the site. To implement the project for the construction of such a high-tech demonstration site, our specialists have done a great deal of preparatory work together with our partners in the region. We received a large number of positive reviews from national distributors, installation organizations and customers who have already visited the Hikvision showroom in Tashkent. For them, this is an opportunity to get a ready-made solution for their projects and immediately check it in action. Many of our partners from the regions have already expressed their readiness to organize such showrooms at their own venues. | |
2019
Sales growth of 15.7% to 57.75 billion yuan
Hikvision reported a 15.7 percent increase in revenue at the end of 2019. Sales increased despite American sanctions that the Chinese company was under. One of the world's largest manufacturers of video surveillance systems has been blacklisted in the United States, whose members are prohibited from purchasing components and other products from American companies without US government approval.
In 2019, Hikvision sales reached 57.75 billion yuan ($8.15 billion at the exchange rate as of April 24, 2020 calendar year) against 49.8 billion yuan a year earlier. Net profit during this time rose by 9.2% to 12.4 billion yuan ($1.75 billion).
The leadership of Hikvision says that they foresaw the upcoming sanctions and stocked up on enough components to continue uninterrupted operation. Hikvision acknowledged that the company could lose customers in foreign markets, but noted that they do not foresee serious consequences for their business, since the domestic market is PEOPLE'S REPUBLIC OF CHINA able to provide a sufficient level of income.
As noted in the Hikvision financial report, since the beginning of 2019, sales revenue growth has been consistently high, increasing every quarter.
The company's management notes an increase in demand for security systems, which entails new opportunities for the development of the company's activities both in the domestic and foreign markets.
According to the press release, Hikvision continues to actively invest in R&D and to accelerate the development and adoption of advanced technologies such as in-depth learning, big data and the Internet of Things. With their help, the company expects to maintain a leading position in the global security and video surveillance market.[2]
Blacklisting in the US
In October 2019, the U.S. Commerce Department blacklisted 28 Chinese companies, including Dahua Technology, Hikvision Digital Technology, Megvii Technology and SenseTime.
The US authorities considered that these companies contradict US foreign policy interests and are involved in violating human rights that China conducts against Uighurs, Kazakhs and other members of the Muslim minority in the Xinjiang Uygur Autonomous Region (XUAR).
The Ministry of Trade explains that this "List of Organizations" defines legal entities that, in the opinion of the United States, "pose a significant risk... national security or U.S. foreign policy interests. "
Restrictions, among other things, relate to exports and re-exports in relation to facilities associated with these organizations, and also provide for the possibility of refusing to license supplies.
The company's blacklisting means American companies are barred from selling its services and goods without a special license. Earlier, Huawei was included in this list, after which the company's activities were undermined, and cooperation with American partners was very limited. The blacklisted company is very hard to work in the US market.
After the statement of the US Department of Commerce, Hikvision and Dahua temporarily stopped trading on the stock exchange. After the resumption of trading, company quotes sank by 5% and 8%, respectively.
Earlier, The New York Times wrote that the administration of US President Donald Trump is considering imposing sanctions due to violations of the rights of representatives of the Muslim minority in China. It was planned to ban the sale of American video surveillance technologies to the PRC, which are used to spy on Uighurs.
The UN believes that Chinese policy in XUAR is carried out in violation of human rights, where more than 1 million Muslims are forcibly held in "re-education camps[3]
Operating income growth of 14.60% to RMB23.92 billion
Hikvision reported total operating income for the first half of 2019 of RMB23.92 billion on July 25, 2019, an increase of 14.60% year-over-year. Net profit attributable to the company's shareholders amounted to 4.22 billion yuan - 1.67% more than in 2018.
Evolution of video surveillance - from hardware to deep learning algorithms
Main article: Special project Hikvision on TAdviser
2018: Revenue growth 18.9% to 49.8 billion yuan
In 2018, Hikvision Digital Technology's revenue amounted to 49.8 billion yuan (about $7.3 billion at the exchange rate as of February 19, 2019), which is 18.9% more than a year earlier.
The company's net profit in 2018 reached 11.3 billion yuan ($1.67 billion), which is 20.5% higher than a year ago.
According to Xinhua, in 2018 Hikvision increased its competitive level by maintaining large investments in research and development, as well as continuous business development in China and abroad.
From the beginning of 2019 to mid-February, Hikvision quotes rose 28%, while the Shenzhen Composite index, to which the company belongs, added 10% during this time. The vendor's market capitalization exceeded $39 billion.
South China Morning Post Publishers, in a February 15, 2019 publication, calls Hikvision the world's largest manufacturer of CCTV cameras, which has become one amid growing demand for this equipment from governments seeking to tighten control over public places to combat criminals and terrorism.
The company's products are sold in more than 150 countries, despite growing concerns from Western state authorities about the potential use of Hikvision devices to spy for Beijing.
In 2018, Hikvision posted its weakest profit growth in 10 years, which experts attribute to the problems facing the Chinese company in foreign markets.
In mid-2018, the US adopted the National Defense Act, which prohibits US government agencies from purchasing equipment from Hikvision and some other manufacturers from the Middle Kingdom. Previously, Hikvision supplied cameras for an American military base in Missouri, for the police department in Memphis and for the US Embassy in Kabul.[4]
2015: Turnover of $3.5 billion (+ 43.6%) and 12 thousand employees
In 2015, Hikvision's turnover amounted to $3.5 billion, which is 43.6% higher than in 2014.
- 12,000 employees worldwide
- 18 locations worldwide
- 5,200 highly qualified engineers
- $12.1 billion - Hikvision market capitalization on stock exchanges
- 8% of annual turnover invested in development
- 626 patents
- 110,000 cameras are produced every day
According to the IHS report, the company's market share in 2015 was 19.5%. In 2014, Hikvision's market share was 16.3%, in 2013 - 8%. The IHS report also notes that Hikvision ranks first in almost all categories of video surveillance equipment, including network, analog and HD-TVI cameras, digital and network DVRs, and video encoding devices.
The global Hikvision network in 2015 included a head office in, China sales offices in,, USA, Netherlands Italy Great Britain Singapore, Australia,, South Brazil Africa, the UAE, and, India Russia as well as a service center in Hong Kong.
2014: $2.78 billion
In 2014, HikVision sales amounted to $2.78 billion.
At this time, the HikVision product line includes high-resolution IP cameras, high-speed dome cameras, network, hybrid and standard DVRs, video servers, video capture cards. The equipment undergoes mandatory testing and has quality and safety certificates. All products are guaranteed for 5 years.
2011
In 2011, Hikvision Digital Technology positioned itself as a supplier of equipment in the field of digital video surveillance systems. For the entire list of equipment - video cameras, digital video recorders and IP equipment, Hikvision uses technologies patented on the basis of its own developments. Hikvision equipment already at this time provides security at facilities around the world.
2001: Founding a company with a staff of 28
The company was founded in 2001 with a staff of 28.
Notes
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