Wednesday 25 April 2018

Hikvision announces its financial report for the first quarter of 2018 and continues to maintain rapid growth

On April 20, the global security industry leader, China Hikvision released the first quarterly report of 2018. The report shows that in the first quarter of 2018, Hikvision's operating income was 9.365 billion yuan (about 1.486 billion US dollars), an increase of 32.95%; net profit attributable to shareholders of listed companies was 1.816 billion yuan (about 288 million yuan). USD), an increase of 22.64% over the same period of last year.
This is an amazing response. Compared to the RMB 7.044 billion in operating income in the first quarter of last year, Hikvision broke through the RMB 9 billion mark in the first quarter of 2018. While publishing the financial report for the first quarter of 2018, Hikvision also released the 2017 annual report. In the annual report, in addition to the annual operating revenue of RMB 41.905 billion (approximately US$ 6.65 billion), the net profit attributable to shareholders of the listed company was 9.411 billion yuan (approximately US$ 1.49 billion), and other basic data points of concern to us. There are a few different points. For example, after five years of development, its civil security business achieved revenue of more than RMB 1 billion in 2017 and achieved profitability in the year.

With the advent of the era of intelligentization in the security industry, Hikvision continues to focus on innovation and R&D in the layout of artificial intelligence technology. Looking back at Hikvision’s activities in the past three months, we can see that apart from closely following the market development trend, Hikvision’s prominent quarterly newspapers in the first quarter are still inseparable from their pursuit of new careers. The exploration of unknown things, through intelligent products and technologies, highlights the true nature of its security giant.

AI platform will officially open to the outside world

At the 2018 AI Cloud Ecological International Summit in Hangzhou on March 30th, its president Hu Yangzhong stated that in order to allow more partners to participate in the co-building and sharing of the AI Cloud ecosystem, Hikvision will be fully open, including openness. AI Cloud's software platform, providing open training systems and AI service capabilities, data annotation and data sharing.
It is reported that at the China CPSE Announcement in October 2017, the Hai Kang AI Cloud architecture based on the cloud center, edge domain, and edge nodes was first proposed, introducing AI technology from products to solutions. Up till now, the application of Hikvision's AI Cloud+ industry solutions has gradually landed in more than 30 provincial administrative regions in China, providing AI solution services for emergency command, livelihood services, and urban operations, leading the industry in a new direction. 

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