Hangzhou Hikvision Digital Technology Co., Ltd. (SZSE: 002415) is a leading global provider of video surveillance equipment and solutions. Founded in 2001 and headquartered in Hangzhou, China, Hikvision has grown to become the world's largest manufacturer of video surveillance products.
Hikvision offers a wide range of products and solutions, including:
Video security cameras and systems
Video management software
Access control systems
Alarm systems
AI-powered analytics and deep learning technologies
The company provides integrated security solutions for various vertical markets such as smart cities, transportation, retail, education, and more. Hikvision has established an extensive global marketing network with subsidiaries and branch offices in over 60 countries.
In 2023, Hikvision reported total revenue of RMB 89.34 billion (approximately USD 12.9 billion), up 7.42% year-over-year. The company's overseas business accounted for 26.84% of total revenue, while domestic business made up 52.40%. Hikvision continues to invest heavily in research and development, spending RMB 9.81 billion (11.8% of revenue) on R&D in 2022. The company is also expanding beyond traditional surveillance into areas like smart home, robotics, and automotive electronics through its "innovative business" units, which accounted for 20.77% of 2023 revenue.
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