The net profit of Hikvision increased by 9.66percent in the first half of the year, and preparations for its spin off and listing have been launched

category:Finance
 The net profit of Hikvision increased by 9.66percent in the first half of the year, and preparations for its spin off and listing have been launched


On the evening of July 24, Hikvision released a semi annual report, which showed that in the first half of 2020, the company achieved a revenue of 24.271 billion yuan, a year-on-year increase of 1.45%; and a net profit of 4.624 billion yuan, a year-on-year increase of 9.66%.

In the first half of the year, Hikvisions main work includes continuing to increase R & D investment, emphasizing the accumulation of underlying technology, improving system design capability, and upgrading products and solutions; the company vigorously promotes the digital intelligence integration, further combines AI with perceptual big data and multidimensional big data, and promotes the application of intelligent management methods; the company starts the preparation for the split listing of smart home business Make, etc.

By region. In the first half of this year, the overseas business of Hikvision grew faster than that of domestic business. In the first half of this year, the overseas revenue of Hikvision was 7.542 billion yuan, with a year-on-year increase of 8.63%, and the domestic business income was 16.729 billion yuan, a year-on-year decrease of 1.48%.

In the first half of the year, Hikvision strengthened the construction of science and Technology Parks in various places. Among the major changes in major assets, the construction in progress increased by 60.55%, mainly due to the increase in investment in the construction of Chengdu Science and Technology Park, Hangzhou Innovation Industrial Park and Chongqing Science and technology Park. In the first half of the year, Hikvision projects are being carried out at the same time. Among them, the progress of relevant science and technology parks and industrial parks in Chengdu, Hangzhou and Chongqing has exceeded 20%. The projects of Xian Science and Technology Park, Wuhan Science and Technology Park and intelligent industrial park are just starting, and the project progress is less than 1%.

Launch smart home business spin off

It is worth noting that Hikvision said that in the first half of this year, Hikvision launched the preparation work for the spin off and listing of smart home business. The businesses of robotics, automotive electronics, smart storage and Hikvision micro film continued to develop rapidly. New businesses such as Haikang fire protection and Haikang Ruiying joined the innovation business sector. The development echelon of innovative business was gradually formed, and the traditional business and innovative business developed together, Open a new space for the growth of the company.

Hikvision also maintained its growth momentum in new business. In the first half of 2020, in addition to the traditional video products and services, Hikvisions robot business and other innovative businesses showed strong growth in the first half of this year. The revenue of robot business in the first half of this year was 543 million yuan, with a year-on-year growth of 46.48%; the revenue of other innovative businesses in the first half of 2020 was 789 million yuan, with a year-on-year increase of 183%.

At the same time of publishing the semi annual report, Hikvision also released the news of transferring assets and providing financial assistance to innovation business. Hikvision plans to transfer the asset group of Hikvision thermal imaging business division to Hangzhou Haikang micro image sensing technology Co., Ltd. (Hikvision) with consideration of RMB 801 million, and authorize the management of the company to sign agreements and handle relevant matters.

According to reports, Hikvisions Thermal Imaging Division, established in 2015, is a product business department of Hikvisions product R & D center, which is responsible for the development and optimization of a full range of thermal imaging products. Hikvision said that the asset transfer is an asset adjustment within the scope of consolidated statements, which is conducive to promoting the scale effect of Hikvisions infrared overall business and improving the competitiveness of Hikvisions infrared overall business in the industry. On July 24, Hikvision also announced that it plans to provide financial assistance of no more than 1 billion yuan to Haikang robot, and the specific amount of subsidy will be provided according to the actual business needs of Haikang robot. Tianyan inspection shows that Hikvision holds 60% of the equity of Hikvision robot, and Hangzhou Hikvision equity investment partnership holds 40% of the equity of Hikvision. The latter is also the platform for Hikvision to implement innovative business with its core employees. On behalf of the companys employees, Hikvision invests and invests in the subsidiary of Hikvision, which is an associated legal person of Hikvision. Hikvision said that the financial assistance provided by Hikvision for Haikang robot can meet the capital needs of its operation and development, make the company obtain better profits and meet the companys strategic development needs. Source: Securities Times editor in charge: Guo Chenqi_ NBJ9931

On July 24, Hikvision also announced that it plans to provide financial assistance of no more than 1 billion yuan to Haikang robot, and the specific amount of subsidy will be provided according to the actual business needs of Haikang robot. Tianyan inspection shows that Hikvision holds 60% of the equity of Hikvision robot, and Hangzhou Hikvision equity investment partnership holds 40% of the equity of Hikvision. The latter is also the platform for Hikvision to implement innovative business with its core employees. On behalf of the companys employees, Hikvision invests and invests in the subsidiary of Hikvision, which is an associated legal person of Hikvision.

Hikvision said that the financial assistance provided by Hikvision for Haikang robot can meet the capital needs of its operation and development, make the company obtain better profits and meet the companys strategic development needs.