Hikvision’s Profits: A Look at Their 2024 Performance and 2025 Outlook

Hikvision Unveils 2024 Financial Results, Highlights AI Innovation

Hikvision, a global security powerhouse, has released its financial results for 2024 and a sneak peek at the first quarter of 2025.

The company reported a total revenue of RMB 92.496 billion for 2024, a steady 3.53% year-over-year (YoY) increase. The momentum continued into the first quarter of 2025, with revenue reaching RMB 18.532 billion, a 4.01% jump compared to the same period last year. Net profit attributable to shareholders also saw a healthy rise, reaching RMB 2.039 billion, up 6.41% YoY.

For two decades, Hikvision has cemented its position as a leader in the global security landscape. The company has cultivated a thriving AIoT ecosystem, encompassing a vast portfolio of over 30,000 products. Despite global uncertainties, Hikvision remains focused on steady advancement.

Growth driver

Hikvision continues to dominate the domestic security market while strategically expanding into overseas markets and cultivating innovative business ventures. Profitability remains a key focus, driving the company’s organizational transformation and refinement of management practices to foster sustainable, long-term growth.

Notably, Hikvision is at the forefront of leveraging breakthroughs in large-scale AI model technologies to accelerate scenario-based digitalization across diverse industries.

Over the past year, Hikvision has significantly strengthened its international presence. Revenue from international markets surged to RMB 25.989 billion, representing 28.10% of the company’s total revenue, with an impressive 8.39% YoY growth.

Hikvision’s global reach extends to over 180 countries and regions, with developing markets contributing over 70% of its overseas revenue. The steady climb in overseas business revenue has become a vital engine for the company’s overall profit growth.

Multilevel R&D

Meanwhile, Hikvision’s innovation businesses continued their rapid expansion, generating RMB 22.484 billion in revenue.

In 2024, Hikvision doubled down on its commitment to research and development, investing RMB 11.864 billion, equivalent to 12.83% of its total revenue. The company has cultivated a multi-tiered R&D system, with its headquarters serving as the central hub, radiating outwards to key regions both domestically and internationally.

Integrative AI ecosystem

Hikvision is actively pushing the boundaries of AIoT technologies, with its Guanlan Large-Scale AI Models integrating vision, language, and multimodal capabilities.

These innovations have significantly improved the perception and cognitive abilities of Hikvision’s products and solutions. For example, in perimeter protection, the large vision model can achieve a remarkable 90% reduction in false alarms.

Looking ahead, Hikvision remains committed to high-quality growth, with a sharpened focus on driving innovation, enhancing efficiency, and ensuring long-term sustainability.

About Hikvision

Founded in 2001, Hikvision specializes in integrated security and scenario-based digitalization. Driven by the AI-powered Internet of Things (AIoT), the company is dedicated to serving diverse industries with its machine perception and artificial intelligence technologies.

Guided by the core values of professionalism, reliability, and integrity, Hikvision explores innovative ways to better perceive and understand the world. It empowers visionary decision-makers and practitioners to work together to enhance safety and advance sustainable development around the world.

The company’s growth is fueled by technologies deeply rooted in innovation and an increasingly diverse range of AIoT products and solutions. With an open ecosystem, Hikvision is empowering the industry and advancing with its partners.

Hikvision currently operates 11 R&D centers and 7 manufacturing bases worldwide, providing products and services to over 170 countries and regions. In 2024, Hikvision’s revenue reached RMB 92.5 billion.