Hikvision releases full 2024 and first quarter 2025 financial results

Hikvision has announced its full-year financial results for 2024 and first-quarter results for 2025.

Report of total revenue

• In 2024, the company reported total revenue of RMB 92.496 billion, marking a 3.53% year‑over‑year (YoY) growth
• In the first quarter of 2025, the company reported revenue of RMB 18.532 billion, up 4.01% YoY
• Net profit attributable to shareholders reached RMB 2.039 billion, reflecting a 6.41% YoY increase

Overseas revenue

Throughout the past year, the company reported that it has strengthened its overseas presence with main business revenue from international markets rising to RMB 25.989 billion, accounting for 28.10% of total revenue and reflecting an 8.39% YoY growth.

Hikvision states that its overseas revenue spans over 180 countries and regions with developing markets contributing more than 70% of that total.

The steady increase of overseas business revenue has emerged as an important driver of the company’s overall profit growth.

Meanwhile, Hikvision’s innovation businesses continued to grow rapidly, with revenue reaching RMB 22.484 billion.

Research and development

In 2024, Hikvision declared that it has continued to prioritise research and development, by investing RMB 11.864 billion in R&D, accounting for 12.83% of its total revenue.

Over the years, the company has built an R&D system with the headquarters’ R&D capabilities at the core, radiating to key regions both domestically and internationally.

AIoT

In its latest developments, Hikvision highlights how it is actively advancing AIoT technologies, with its Guanlan Large-Scale AI Models integrating:

• Vision
• Language
• Multimodal capabilities

These innovations have significantly enhanced both perception and cognition abilities of Hikvision’s products and solutions, the company claims.

In perimeter protection, the large vision model can achieve a 90% reduction in false alarms.

Looking ahead, Hikvision says that it is committed to a strategy of high-quality growth with a stronger focus on driving innovation, enhancing efficiency and ensuring long-term sustainability.