Hangzhou, China, April 28, 2024 /CNW/ — Hikvision releases full-year 2023 financial results, with total revenue of 89.34 billion RMB, an increase of 7.42% compared to the same period last year. The net income attributable to the company's shareholders is 14.11 billion RMB, achieved a year-on-year (YoY) growth of 9.89%.Total cash dividendsd (tax included) amount is 8.4 billion yuan59.52% of the net profit attributable to the company's shareholders.
Revenue from the company's main overseas business increased by 8.83% compared to the same period last year. 23.98 billion RMB, 26.84% of total revenue. Domestic main business revenue is 46.81 billion RMBaccounting for 52.40% of total revenue, revenue from innovative business is 18.55 billion RMBaccounting for 20.77% of total revenue.
Hikvision also announced financial results for the first quarter of 2024. The company reported the following quarterly earnings: 17.82 billion RMB, an increase of 9.98% compared to the same period last year. The company's net income attributable to shareholders for the first quarter was 1.92 billion RMBcorresponding to an increase of 5.78% over the previous year.
In 2023, Hikvision increased its business stability and continued to increase investment in research and development. The company has gradually built and improved its AIoT technology system and launched scenario-based products and solutions for the digital transformation of businesses. Hikvision remains committed to creating value for its customers and leveraging its technology to support the digital transformation of communities and businesses.
The full 2023 Annual Report and 2024 First Quarter Report are available here.
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Source Hikvision Digital Technology Co., Ltd.
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