Hikvision posts slight profit decline in Q1

0 Comment(s)Print E-mail Xinhua, April 24, 2020
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HANGZHOU, April 24 (Xinhua) -- Hangzhou Hikvision Digital Technology Co. Ltd., a leading provider of security products and solutions, reported slight profit and revenue declines in the first quarter of 2020.

First-quarter net profit fell 2.6 percent year on year to 1.5 billion yuan (about 212 million U.S. dollars) while revenue dropped 5.2 percent to 9.43 billion yuan, the company said in its quarterly report filed to the Shenzhen Stock Exchange.

Hikvision also disclosed its annual financial results for 2019, saying full-year net profit rising 9.4 percent year on year to 12.4 billion yuan while full-year revenue growing 15.7 percent to 57.7 billion yuan. Enditem

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