Hikvision Reports Revenue Growth in 2024 and Q1 2025

Hikvision has announced its financial results for the full year of 2024 and the first quarter of 2025, as stated in a press release. The company reported a total revenue of RMB 92.496 billion for 2024, marking a 3.53% year-over-year growth. In the first quarter of 2025, Hikvision's revenue reached RMB 18.532 billion, reflecting a 4.01% increase compared to the same period last year.

The company's net profit attributable to shareholders for the first quarter of 2025 was RMB 2.039 billion, a 6.41% year-over-year increase. Hikvision's international market efforts have been a significant driver of this growth, with overseas revenue rising to RMB 25.989 billion, accounting for 28.10% of the total revenue and showing an 8.39% year-over-year growth.

Hikvision continues to invest heavily in research and development, with RMB 11.864 billion allocated in 2024, representing 12.83% of its total revenue. The company is advancing its AIoT technologies, notably with its Guanlan Large-Scale AI Models, which integrate vision, language, and multimodal capabilities to enhance its product offerings.