One of China’s video surveillance manufacturer Hikvision believes its R&D investments will help boost the company’s financial position.
Chinese video surveillance manufacturer Hikvision has reported it generated 6.48 billion yuan in total profit, a 40% increase from last year’s 4.62 billion yuan for the first half of 2021 financial year. For the period to 30 June, the company also experienced a near 40% year-on-year uplift in operating income that came in just shy of 34 billion yuan. Of the total, sales of products and services accounted for more than 80%, or 28 billion yuan, an increase from last year’s 21.5 billion yuan. The rest was made up of its smart home and robotic businesses, as well as „other innovative“ businesses, made of a number of subsidiaries including EZVIZ, HikRobot, HikAuto, HikMicro, HikStorage, HikImaging, HikFire, HikRayin, and their related business or products. „With solid accumulation of algorithm and strong hardware and software development capabilities, Hikrobot focused on mobile robot and machine vision business, and continued to help the development of global intelligent manufacturing,“ Hikvision said. „Other innovative businesses continued to develop rapidly and gradually opening up new opportunities. The innovative businesses, as a whole, accounted for 16.
