Hikvision Releases Financial Results for 2021 Full Year and First Quarter 2022
Results Show Achievement of Year-Over-Year (YoY) Growth of 28.21%
City of Industry, Calif. (May 3 , 2022) –Hikvision has released its full year 2021 financial results, reporting a total revenue of $12.42 billion (RMB 81.42 billion), and achieving a year-over-year (YoY) growth of 28.21%. The net profits attributable to shareholders of the company was $2.56 billion (RMB 16.80 billion), reflecting a YoY growth of 25.51%.
Overseas revenue in 2021 amounted to $3.4 billion (RMB 21.99 billion), with YoY growth of 24.23%, accounting for 27% of the total revenue of the company.
“Hikvision’s financial results from 2021 and Q1 of 2022 reflect the robustness of the video security market and the value of our innovative solutions to solve security challenges,” said Tony Yang, President, Hikvision USA. Yang added, “We remain committed to bringing the best in outstanding value and innovative technology to our dealers, distributors, and end users.”
Hikvision also released its Q1 2022 financial results, and reported a revenue of $2.5 billion (RMB 16.52 billion), which represents a YoY increase of 18.11%. Net profits attributable to shareholders of the company was $348 million (RMB 2.28 billion), representing YoY growth of 5.29%.
Moving forward, the company will continue to focus on the innovation of technologies, products, and solutions to create value for customers and society. Hikvision is committed to serving various industries through its innovative technologies of machine perception, artificial intelligence, and big data, leading the future of AIoT.
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Hikvision is a world leading manufacturer and supplier of security products and solutions. Featuring an extensive and highly skilled R&D workforce, Hikvision manufactures a full suite of comprehensive products and solutions for a broad range of vertical markets. In addition to security, Hikvision extends its reach to smart home tech, industrial automation, and automotive electronics industries. Hikvision solutions provide powerful business intelligence for end users, which can enable more efficient operations and greater commercial success. Hikvision encourages partners to take advantage of its many cybersecurity resources, such as the Hikvision Cybersecurity Center. For more information, please visit us at www.hikvision.com.