Hikvision Digital Tech’s Profit Drops 15% in 2024
Hangzhou Hikvision Digital Technology reported a 15% decline in its net profit attributable to shareholders for 2024. The profit fell to nearly 12 billion yuan, or 1.30 yuan per share, as per a Shenzhen Stock Exchange filing on Saturday.
- The profit from the previous year stood at 14.1 billion yuan, or 1.52 yuan per share.
Despite the profit drop, Hikvision saw a 3.5% increase in its total operating income, which reached 92.5 billion yuan in 2024, up from 89.3 billion yuan the previous year.
- This growth in income shows continued demand for the company’s products.
In recent trading, Hikvision’s shares declined by less than 2%.
- The slight dip in share value reflects investor concerns despite the increase in revenue.
