Hikvision announces 2015 Preliminary Earnings Results
Hikvision, the global leader in innovative video surveillance products and solutions, has announced its preliminary earnings results for the full-year 2015, with revenues of US$3.88 billion, amounting to a 46.97% growth rate year on year.
Cynthia He, vice president at Hikvision, says there were a number of significant factors behind the company's sustained growth.
"The security industry is continually developing and Hikvision is at the forefront of that development. Our ongoing investment into research and development is a crucial component of our growth. Each year Hikvision invests 7% to 8% of our sales revenue into R&D, focusing on product innovation and our comprehensive and industry-leading product development system.
"We have an ever-expanding network of domestic and international business contacts, which allow us to keep in touch with the market and make decisions based on the practical requirements of customers worldwide. And our range of total solutions for vertical industries means we can cater to a huge variety of specialist applications.
"In 2016, Hikvision intends to continue with this impressive momentum, with an ongoing emphasis on developing new partnerships, further business expansion, and continuous product innovation."
Hikvision is the world’s leading supplier of video surveillance products and solutions. Featuring the industry’s strongest R&D workforce, Hikvision uses its state-of-the-art manufacturing facilities to design and develop innovative CCTV and video surveillance products.
The company’s complete product suite includes Smart IP cameras, HD analog cameras, speed domes, NVRs, DVRs, video management software, access control and alarm systems, encoders, decoders, and other elements of sophisticated security systems.
Hikvision products serve a diverse set of vertical markets that includes retail, banking and finance, transportation, education, commercial, government, and residential applications.
Since its inception in 2001, Hikvision has played an active role in video surveillance market, devoting 8% of its annual revenue to research and development for continued product innovation. Hikvision, which is publicly listed on the Shenzhen Stock Exchange, has a truly global presence with regional offices in nearly 20 locations around the world.