Hikvision, the world’s provider of innovative security products and solutions, has announced its financial results for the third quarter of 2019. During Q3 of 2019, Hikvision generated a revenue of RMB 15.92 billion, having achieved a year-over-year (YoY) growth of 23.12%, and net profits attributable to shareholders of the Company was RMB 3.81 billion, representing a year-over-year growth of 17.31%.

During the period of Q1-Q3, Hikvision accumulated a total operating income of RMB 39.84 billion, representing a YoY growth of 17.86%.

The growth of revenue was stable and robust during the first three quarters of 2019, with consecutive increase every quarter. Hikvision believes there are increasing security demands and growth opportunities in both the Chinese and overseas markets, and will continuously strive to provide superior products and services for all customers and partners globally.

Learn why leading casinos are upgrading to smarter, faster, and more compliant systems

In case you missed it

Which Vertical Markets Have The Greatest Growth Potential For Security?
Which Vertical Markets Have The Greatest Growth Potential For Security?

To serve various vertical markets and industries effectively, security professionals must recognize that each sector has unique assets, risks, compliance requirements, and operatio...

eCLIQ Enhances Security At Marin Hospital Of Hendaye
eCLIQ Enhances Security At Marin Hospital Of Hendaye

The Marin Hospital of Hendaye in the French Basque Country faced common challenges posed by mechanical access control. Challenges faced Relying on mechanical lock-and-key technol...

What’s Behind (Perimeter) Door #1?
What’s Behind (Perimeter) Door #1?

A lot has been said about door security — from reinforced door frames to locking mechanisms to the door construction — all of which is crucial. But what security measur...