Hikvision, a global leader in the security industry, announced its impressive financial performance for the full year of 2024 and the first quarter of 2025. For the year 2024, Hikvision reported a total revenue of RMB 92.496 billion, marking a 3.53% year-over-year growth. The first quarter of 2025 saw the company achieve a revenue of RMB 18.532 billion, reflecting a 4.01% increase from the previous year. Net profit attributable to shareholders reached RMB 2.039 billion, a 6.41% year-over-year rise.
The company’s consistent growth trajectory is attributed to its commitment to maintaining a strong position in the domestic security market while simultaneously expanding its reach in international markets. Over the past two decades, Hikvision has developed a comprehensive AIoT ecosystem, consisting of over 30,000 products. This expansion has been pivotal in reinforcing its status as a global security leader.
In 2024, Hikvision strengthened its overseas presence significantly. The revenue from international markets soared to RMB 25.989 billion, accounting for 28.10% of the total revenue, and witnessed an 8.39% year-over-year growth. The company’s international operations now span over 180 countries and regions, with developing markets contributing more than 70% of the overseas revenue. This strategic international expansion has been a major driver of the company’s overall profit growth.
Hikvision’s innovation businesses have also demonstrated rapid growth, generating revenue of RMB 22.484 billion in 2024. The company has consistently prioritized research and development (R&D), investing RMB 11.864 billion in R&D, which represents 12.83% of its total revenue. This focus on R&D has led to the establishment of a multi-level system centered around the headquarters’ capabilities, extending to key regions globally.
A major highlight in Hikvision’s recent advancements is the development of AIoT technologies, particularly the Guanlan Large-Scale AI Models. These models are designed to integrate vision, language, and multimodal capabilities, enhancing the perception and cognition of the company’s products and solutions. For example, in perimeter protection, the large vision model has achieved a 90% reduction in false alarms, showcasing the practical benefits of these technological innovations.
Looking forward, Hikvision remains dedicated to a strategy focused on high-quality growth. The company aims to drive innovation, improve operational efficiency, and ensure long-term sustainability. By leveraging breakthroughs in AI model technologies, Hikvision is set to accelerate scenario-based digitalization across various industries.
As Hikvision continues its journey, the company’s long-term vision is centered around creating sustainable growth. This involves refining management practices and driving organizational transformation to support future developments. The company’s strategy is expected to enhance its competitive edge in both domestic and international markets.
Hikvision’s financial performance and strategic initiatives underscore its resilience and adaptability in navigating uncertainties. With a positive and prudent approach, the company is well-positioned to maintain its leadership role in the global security industry and continue its trajectory of steady growth.
Note: This article is inspired by content from https://www.prnewswire.com/news-releases/hikvision-releases-2024-full-year-and-2025-first-quarter-financial-results-302439140.html. It has been rephrased for originality. Images are credited to the original source.