Hikvision's first quarter revenue was 17.818 billion yuan, a year-on-year increase of 9.98%, and net profit was 1.916 billion yuan, a year-on-year increase of 5.78%

According to the financial report data released in the first quarter of 2024, Hikvision announced that its revenue reached 178.18 billion yuan, a year-on-year increase of 9.98%; net profit was 19.16 billion yuan, a year-on-year increase of 5.78%. The net profit in 2023 will be 14.1 billion yuan, a year-on-year increase of 9.89%. In addition, it is planned to distribute a cash dividend of 9 yuan.

Financial reports show that Hikvision’s research and development expenses in the first quarter of this year were approximately 2.671 billion yuan, a year-on-year increase of 8.42%. During operating activities, Hikvision paid 6.809 billion yuan in cash to and for employees, a year-on-year increase of 11.21%.

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