Hikvision plunged Stock price hit a new low since early January this year


After Huawei, domestic manufacturers of surveillance products and technology solutions were also exposed to the United States to be included in the restricted purchase list. According to foreign media reports, the United States is considering including China’s video surveillance company Hikvision on the restricted list to limit its purchase of US products and technology. Affected by this news, Hikvision opened this morning with a near-limit. Comprehensive domestic media reports, in response to the “discontinued” rumors, Hikvision Investor Relations related staff said that no official notice has been received. The staff said that there is no impact on the management level, Hikvision’s chips are very commercial, most of the suppliers are from China, and Southeast Asia and the United States also have some. Even if the United States no longer sells chips to Haikang, Haikang can make use of other commercial means to make up, without affecting. Hikvision’s first quarter report for 2019 showed that the company achieved operating income of 9.942 billion yuan, an increase of 6.17% over the same period of the previous year; the net profit attributable to shareholders of listed companies was 1.536 billion yuan, down 15.41% from the same period of the previous year. Hikvision said that due to “steady development of the company’s operating results”, it is estimated that the net profit attributable to shareholders in the first half of the year will be 3.732 billion yuan to 4.562 billion yuan, a year-on-year growth rate of -10% to 10%. Hikvision’s official website shows that Hikvision is a smart Internet of Things solution and big data service provider with video as its core. Hikvision has core technologies such as video and audio codec, video image processing, video and audio data storage, and forward-looking technologies such as cloud computing, big data, and deep learning, targeting public security, transportation, justice, culture, education, finance, energy, and intelligence. Many industries such as buildings provide professional segmentation products, IVM intelligent visualization management solutions and big data services. Beyond the video surveillance industry, Hikvision is based on video technology and extends its business to industries such as smart homes, industrial automation and automotive electronics. You may also be interested: Is Hikvision’s fall in the United States included in the restricted purchase list true or false? Hikvision responded to the US confiscation: no news has been received. Hikvision’s controlling shareholder related party electric power investment increased the listed company’s shares. Hikvision achieved net profit of 4.147 billion yuan in the first half of this year, up 26% year-on-year. Granville’s revenue for the third quarter of this year reached 12.9 billion yuan, an increase of 14.58% year-on-year.