In this Research Note, we examine the Chinese video surveillance giant, Hikvision (Hangzhou Hikvision Digital Technology Co., Ltd) focusing on their 2023 financial results, 28th April 2024, 2023 Annual Report and Hikvision at a Glance, FY2023. Hikvision is a video surveillance provider founded in 2001 and headquartered in Hangzhou, China. The company employs approximately 40,000 employees globally and is currently the world’s largest video surveillance company by a significant margin. Hikvision has a major presence in China and operations worldwide. Key milestones achieved by Hikvision include their launch of AI-powered cameras in 2018, and their expansion into access control, intercom, and alarm system products beyond just video surveillance. Hikvision is publicly listed on the Shenzhen Stock Exchange. Hikvision Business Segments Public Business Group (PBG): Closely following the demands of customers and users in Public Services, contributing to the digital transformation of industries and cities. Main application scenarios: public safety, transportation, urban governance, ecological environmental protection […]
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