Latin America. Hikvision released its annual financial report for 2024 and performance for the first quarter of 2025. The company reported total revenue of RMB 92.496 billion in 2024, representing a year-on-year growth of 3.53%.
During the first quarter of 2025, revenue reached RMB 18.532 billion, which represented an increase of 4.01% compared to the previous year. Net profit allocated to shareholders came in at RMB 2.039 billion, evidencing an increase of 6.41% year-on-year.
In the report, the company noted that "Hikvision has established itself as a global leader in security, building a robust AIoT ecosystem with more than 30,000 products." The company said it remains dedicated to "steady and robust progress," addressing doubts with an "optimistic and cautious point of view."
In the past year, Hikvision has retained its leadership in the national security sector and explored possibilities for expansion into global markets and innovative enterprises. Revenue from international markets reached RMB 25.989 billion, accounting for 28.10% of total revenue and a year-on-year increase of 8.39%. According to the company, "developing markets were responsible for more than 70% of that total."
In relation to the investment strategy, Hikvision allocated RMB 11.864 billion to research and development in 2024, equivalent to 12.83% of its total revenue. The company explained that it has "built a multi-level R+D system", with the capabilities of its headquarters as a core and extending to key regions both domestically and internationally.
The company highlighted its progress in AIoT technologies, integrating large-scale artificial intelligence models such as Guanlan, which "combine vision, language and multimodal capabilities". These innovations, Hikvision noted, "have significantly improved the perception and cognition of products and solutions." In particular, he indicated that "in perimeter protection, the large-scale vision model can achieve a 90% reduction in false alarms."
Regarding its future strategy, the company stated, "Hikvision remains committed to a high-quality growth strategy, focusing on driving innovation, improving efficiency, and ensuring long-term sustainability."
