- Net income for Hangzhou Hikvision in 1H 2024: 5.06 billion yuan, down by 5.2% year-on-year.
- Revenue for the same period: 41.2 billion yuan, up by 9.6% year-on-year, but below the estimate of 42.13 billion yuan.
- Gross margin stood at 45.1%, surpassing the estimate of 44.6%.
- Research and Development (R&D) expenses rose to 5.70 billion yuan, an increase of 7.8% year-on-year.
- Revenue from main business products and services: 30.23 billion yuan, up by 5.7% year-on-year, but below the estimated 31.6 billion yuan.
- Constructions revenue dropped to 651.2 million yuan, down by 13% year-on-year, lower than the estimate of 800.7 million yuan.
- Innovative businesses revenue increased significantly to 10.33 billion yuan, up by 26% year-on-year, exceeding the estimate of 9.73 billion yuan.
- Domestic revenue reached 27.03 billion yuan, an increase of 6% year-on-year.
- Overseas revenue was 14.18 billion yuan, up by 17% year-on-year.
- Earnings Per Share (EPS): 53.9 RMB cents, down from 56.8 RMB cents year-on-year.
- Total net income decreased by 5.13% year-on-year.
- Analyst recommendations: 27 buys, 2 holds, and 0 sells.
A look at Hangzhou Hikvision Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Hangzhou Hikvision Digital Technology Co., Ltd, a company specializing in video surveillance products, currently showcases a promising long-term outlook based on the Smartkarma Smart Scores analysis. With a strong focus on dividends and growth, the company has secured top scores in these areas, reflecting its commitment to rewarding shareholders and expanding its market presence. Additionally, demonstrating robust resilience and momentum, Hangzhou Hikvision appears well-positioned to navigate challenges and maintain upward momentum in the industry.
Hangzhou Hikvision‘s overall Smartkarma Smart Scores point towards a favorable future trajectory, underpinned by its solid fundamentals and strategic direction. As an industry player that excels in delivering dividends, driving growth, showing resilience in times of volatility, and maintaining positive momentum, Hangzhou Hikvision is likely to continue its path of success in the video surveillance products market. With a diversified product range encompassing video and audio compression cards, network storage solutions, and cutting-edge cameras, the company remains a key player in the evolving digital landscape.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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