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.

In case you missed it

Responsible AI Adoption Starts With Governance
Responsible AI Adoption Starts With Governance

The eagerness to adopt AI in physical security is increasing as teams want to implement technology solutions for faster, smarter operations. At the same time, the conversations sur...

Solink's AI Agents Boost Efficiency Of Existing Infrastructure With Automation
Solink's AI Agents Boost Efficiency Of Existing Infrastructure With Automation

Deploying artificial intelligence (AI) tools should be seen as a business initiative rather than a technology initiative, says Martin Soukup, CTO of Solink, a cloud-based video sec...

rf IDEAS Supports Gallagher Badge In Apple Wallet
rf IDEAS Supports Gallagher Badge In Apple Wallet

rf IDEAS, a global manufacturer of RFID credential readers, announces that its WAVE ID® readers support Gallagher Employee Badge in Apple Wallet, expanding the range of credent...