2021-07-28-深交所-海康威视_2021年半年度报告（英文版）_210页_2mb

报告摘要

Summary of Hangzhou Hikvision Digital Technology Co., Ltd. 2021 Half Year Report

Core Content Overview

This document is the 2021 Half Year Report of Hangzhou Hikvision Digital Technology Co., Ltd., published on July 24th, 2021. It provides an overview of the company's financial performance, management analysis, corporate governance, and key risks during the period from January 1st to June 30th, 2021.

Key Financial Data

Total Operating Income (RMB): 33,902,098,368.10 (up 39.68% YoY)
Net Profit Attributable to Shareholders (RMB): 6,481,424,653.39 (up 40.17% YoY)
Net Profit Excluding Non-recurring Items (RMB): 6,221,476,627.98 (up 39.39% YoY)
Basic Earnings Per Share (RMB/share): 0.695 (up 40.97% YoY)
Weighted Average ROE: 11.62% (up 1.87% YoY)
Total Assets (RMB): 87,118,829,064.12 (down 1.78% YoY)
Net Assets Attributable to Shareholders (RMB): 52,905,875,478.79 (down 1.65% YoY)
Net Cash Flows from Operating Activities (RMB): 1,962,853,772.15 (up 2,705.43% YoY)

Key Financial Indicators

Indicator	2021 H1	2020 H1	YoY Change (%)	Note
Operating Income	33,902,098,368.10	24,271,159,243.76	39.68%	Market demand growth
Operating Costs	18,205,195,764.46	12,193,719,945.38	49.30%	In line with income growth
Selling Expenses	4,190,678,349.80	3,420,291,518.42	22.52%	No significant change
Administrative Expenses	880,577,747.56	864,959,489.94	1.81%	No significant change
Financial Expenses	-122,524,438.07	-227,972,206.73	46.25%	Foreign exchange rate impact
Income Tax Expenses	427,530,365.26	952,552,145.97	-55.12%	Tax settlement timing difference
R&D Investments	3,877,769,884.09	3,063,423,679.69	26.58%	No significant change
Net Cash Flows from Operating Activities	1,962,853,772.15	69,966,340.57	2,705.43%	Increase in sales collection
Net Cash Flows from Investment Activities	-1,093,875,260.68	-1,494,484,813.41	26.81%	No significant change
Net Cash Flows from Financing Activities	-8,179,553,539.73	-3,478,066,296.84	-135.18%	Increased borrowings and dividend payments
Net Increase in Cash and Cash Equivalents	-7,384,873,758.46	-4,892,161,050.91	-50.95%	Affected by financing expenditures

Operating Income Structure

Category	2021 H1	2020 H1	Proportion	YoY Change (%)
Video Products and Video Services	33,902,098,368.10	24,271,159,243.76	100.00%	39.68%
Products and Services	27,912,531,793.59	21,460,287,527.81	82.33%	30.07%
Constructions	411,198,176.84	300,094,975.52	1.21%	37.02%
Smart Home Business	1,871,108,774.85	1,179,170,706.81	5.52%	58.68%
Robotic Business	1,220,189,435.48	542,724,420.13	3.60%	124.83%
Other Innovative Businesses	2,487,070,187.34	788,881,613.49	7.34%	215.27%

Revenue by Business Group (in 100 million RMB)

Business Group	2021 H1	2020 H1	YoY Change (%)
PBG (Professional Business Group)	77.17	59.68	29.31%
EBG (Enterprise Business Group)	72.19	59.14	22.07%
SMBG (Smart Manufacturing Business Group)	61.74	30.00	105.80%
Total	211.10	148.82	41.85%

Key Risks Identified

Global Epidemic Risk: The ongoing impact of the COVID-19 epidemic affects economic development and business operations.
Supply Chain Risk: Global supply chain disruptions due to the epidemic and political conflicts may affect the Company's operations.
Technology Upgrade Risk: Rapid development in AI, big data, cloud computing, and edge computing requires the Company to keep up with technological changes to avoid uncertainty.
Internal Management Risk: Business expansion increases internal management complexity and demands a more robust management system.
Global Business Risk: The Company operates in over 150 countries and regions, exposing it to various risks such as political conflicts, exchange rate fluctuations, and debt issues.
Legal and Compliance Risk: Complex regulatory environments in China and abroad may pose challenges to the Company's compliance and legal operations.
Exchange Rate Fluctuation Risk: The Company's majority of revenue is in USD, and exchange rate fluctuations could affect profitability.
Cybersecurity Risk: Despite active cybersecurity measures, the Company remains vulnerable to malicious attacks and cyber threats.
Intellectual Property Risk: While the Company has strong R&D investment and IPR protection, intellectual property disputes and violations may still occur.

Other Key Information

Profit Distribution: The Company did not distribute cash dividends, bonus shares, or shares from capital reserves during the reporting period.
Corporate Information: The Company is listed on the Shenzhen Stock Exchange with the stock code 002415 and stock abbreviation HIKVISION.
Legal Representative: Chen Zongnian
Contact Information:
- Board Secretary: Huang Fanghong
- Securities Affairs Representative: Zhou Xinyi
- Address: No. 518 WuLianWang Street, Binjiang District, Hangzhou
- Tel: 0571-88075998; 0571-89710492
- Fax: 0571-89986895
- Email: hikvision@hikvision.com
Company Website: www.cninfo.com.cn for full report and announcements.

Conclusion

The report highlights Hikvision's strong financial performance with significant growth in operating income and net profit, driven by market demand and technological innovation. It also outlines the Company's strategic focus on R&D, supply chain optimization, and compliance system development. Despite the challenges posed by the global environment, the Company remains committed to sustainable growth and innovation, with innovative businesses contributing 16.46% of total revenue and becoming a new growth driver. However, key risks such as epidemic, supply chain, and exchange rate fluctuations are still present and require ongoing management.