Hikvision Reports Revenue Growth in 2024 and Q1 2025

Hikvision announced a 3.53% revenue growth for 2024 and a 4.01% increase in Q1 2025, with significant contributions from international markets.

Hikvision has announced its financial results for the full year of 2024 and the first quarter of 2025, as stated in a press release. The company reported a total revenue of RMB 92.496 billion for 2024, marking a 3.53% year-over-year growth. In the first quarter of 2025, Hikvision's revenue reached RMB 18.532 billion, reflecting a 4.01% increase compared to the same period last year.

The company's net profit attributable to shareholders for the first quarter of 2025 was RMB 2.039 billion, a 6.41% year-over-year increase. Hikvision's international market efforts have been a significant driver of this growth, with overseas revenue rising to RMB 25.989 billion, accounting for 28.10% of the total revenue and showing an 8.39% year-over-year growth.

Hikvision continues to invest heavily in research and development, with RMB 11.864 billion allocated in 2024, representing 12.83% of its total revenue. The company is advancing its AIoT technologies, notably with its Guanlan Large-Scale AI Models, which integrate vision, language, and multimodal capabilities to enhance its product offerings.

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