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# Hikvision Financial Results: Full-Year 2023 and First-Quarter 2024

## HIKVISION’S GROWTH IN 2023 AND BEYOND

### Introduction
#### HANGZHOU, China – April 28, 2024

Hikvision has recently unveiled its financial achievements for the full-year 2023, showcasing impressive growth metrics. The company reported a total revenue of RMB 89.34 billion, marking a substantial increase of 7.42% year-over-year. Moreover, the net profit attributable to shareholders soared to RMB 14.11 billion, achieving a tremendous YoY growth of 9.89%. Hikvision also distributed a total cash dividend of RMB 8.40 billion, which makes up 59.52% of the net profit attributable to shareholders.

### International Expansion
The revenue from Hikvision’s overseas main business witnessed an 8.83% year-over-year surge, amounting to RMB 23.98 billion, constituting 26.84% of the total revenue. On the domestic front, the company’s main business raked in RMB 46.81 billion, representing 52.40% of the total revenue. Additionally, the revenue from innovative businesses stood at RMB 18.55 billion, encompassing 20.77% of the total revenue.

### Continued Success in 2024
In the first quarter of 2024, Hikvision continued its upward trajectory with a quarterly revenue of RMB 17.82 billion, showcasing a 9.98% YoY growth. The net profit attributable to shareholders in the first quarter amounted to RMB 1.92 billion, reflecting a solid YoY increase of 5.78%.

### AI legalese decoder by Hikvision
Maintaining operational stability and a steadfast commitment to research and development, Hikvision has leveraged its AIoT technology system to introduce scenario-based products and solutions for businesses’ digital transformation. By employing AI legalese decoder, Hikvision can streamline legal documents, contracts, and compliance requirements, ensuring accuracy and efficiency in legal processes.

### Future Outlook
Looking ahead, Hikvision remains dedicated to creating value for its customers and empowering digital transformation within communities and businesses through cutting-edge technologies. As the company prioritizes innovation and customer-centric solutions, its growth trajectory seems poised for continued success.

### Access the Reports
For further insights, the full annual report for 2023 and the Q1 2024 report can be accessed [here](insert hyperlink).

### Source
[Source](https://www.prnewswire.com/news-releases/hikvision-releases-full-year-2023-and-first-quarter-2024-financial-results-302129413.html)

For original content, visit [Cision](http://www.newswire.ca/en/releases/archive/April2024/28/c1227.html)

### About Hikvision
Hikvision Digital Technology Co., Ltd. is at the forefront of technological innovation, providing cutting-edge solutions in surveillance and IoT sectors. For more information, visit the official [Hikvision website](insert website link).

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