The Hangzhou Hikvision Digital Technology released its unaudited preliminary financial results today showing a 26.6 percent surge in its net profits for 2017.
The net profits attributable to shareholders of the company amounted to 9.399 billion yuan in 2017.
The total operating income was 41.894 billion yuan, up 31.19 percent year-on-year, with a total operating profit of 10.246 billion yuan, an increase of 49.93 percent.
The improved financial performance, according to the company, was due to the accelerated commercialization of its technologies through its continuous investment in R&D, as well as its strengthened management capabilities and operational efficiencies.
Hikvision, is a leading provider of innovative video surveillance products and solutions, offering customized solutions for public security, transportation, education, financial institutions, and energy, as well as intelligent buildings. Its products have been sold in more than 100 countries.
The net profits attributable to shareholders of the company amounted to 9.399 billion yuan in 2017.
The total operating income was 41.894 billion yuan, up 31.19 percent year-on-year, with a total operating profit of 10.246 billion yuan, an increase of 49.93 percent.
The improved financial performance, according to the company, was due to the accelerated commercialization of its technologies through its continuous investment in R&D, as well as its strengthened management capabilities and operational efficiencies.
Hikvision, is a leading provider of innovative video surveillance products and solutions, offering customized solutions for public security, transportation, education, financial institutions, and energy, as well as intelligent buildings. Its products have been sold in more than 100 countries.
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