Hikvision: Total revenue in 2019 was 57.658 billion yuan, up 15.69% year-on-year

Hikvision released its 2019 annual report today (25). During the reporting period, the company achieved total operating revenue of 57.658 billion yuan, an increase of 15.69% over the same period last year; and achieved net profit attributable to shareholders of listed companies of 12.415 billion yuan, an increase of 9.36% over the same period last year. The company's overall gross profit margin in 2019 was 45.99%, an increase of 1.14% over the same period last year.

It is reported that Hikvision mentioned in its annual report that in 2019, the Sino-US trade war had a great impact on globalization. During the reporting period, the US National Defense Authorization Act was partially effective, and Hikvision was included in the Entity List by the US Department of Commerce. The sanctions had a certain impact on the company's performance in the short term. The domestic macroeconomic downturn led to insufficient industry demand, which also had a great impact on the company's performance in 2019. However, the company has properly responded to this series of impacts and continued to promote the company's stable operation.

In addition, Hikvision also revealed that the company invested 5.484 billion yuan in R&D in 2019, accounting for 9.51% of the company's sales. The company has more than 19,000 R&D and technical service personnel and will continue to maintain a large-scale R&D investment.

In addition, Hikvision disclosed the composition of its operating income in 2019.