Hikvision 2024 Q3 Report
Stock Exchange Code：002415 Abbreviation of Securities：Hikvision
No：2024-055
Hangzhou Hikvision Digital Technology Co., Ltd.
2024 3rd Quarter Report
The Company and all members of the Board of Directors guarantee that the information
disclosed is true, accurate and complete without false records, misleading statements
or material omissions.
Important Content Notes:
1. The Board of Directors, Board of Supervisors, directors, supervisors and senior
management of Hangzhou Hikvision Digital Technology Co., Ltd. (hereinafter
referred to as the "Company") hereby guarantee that the information presented in
this report shall be together be wholly liable for the truthfulness, accuracy and
completeness of its contents and free of any false records, misleading statements or
material omissions, and will undertake individual and joint legal liabilities.
2. Hu Yangzhong, the Company's legal representative, Jin Yan, the person in charge of
the accounting work, and Zhan Junhua, the person in charge of accounting
institution (accounting supervisor) hereby declare and warrant that the financial
information in this report is authentic, accurate, and complete.
3. Whether the 3rd quarter report has been audited
□Yes √ No
Hikvision 2024 Q3 Report
I. Key Financial Data
1. Key Accounting Data and Financial Indicators
Whether the Company performed a retroactive adjustment or restatement of the previous accounting data
√ Yes □ No
Reasons for retroactive adjustment or restatement of the previous accounting data
√ Business combination under common control
YoY Change
YoY Change
between 2024
2023 Q3 between 2024 Q3 2023 Q1~Q3
Q1~Q3 and 2023
2024 Q3 and 2023 Q3 2024 Q1~Q3
Q1~Q3
Before the After the After the
Before the adjustment After the adjustment After the adjustment
adjustment adjustment adjustment
Revenue (RMB) 23,782,371,582.09 23,704,377,795.74 23,704,660,814.60 0.33% 64,991,467,788.45 61,275,164,193.63 61,276,013,250.23 6.06%
Net profit attributable to
shareholders of the Company 3,043,629,637.17 3,513,299,100.33 3,513,324,162.81 -13.37% 8,107,748,494.46 8,851,167,117.21 8,851,262,013.63 -8.40%
(RMB)
Net profit attributable to
shareholders of the Company
2,908,130,076.06 3,425,870,315.02 3,425,895,377.50 -15.11% 8,151,135,979.78 8,461,998,947.98 8,462,093,844.40 -3.67%
excluding non-recurring gains
and losses (RMB)
Net cash flows from operating
— — — — 2,603,725,074.80 5,913,853,480.95 5,913,026,202.08 -55.97%
activities (RMB)
Basic earnings per share
0.339 0.381 0.381 -11.02% 0.878 0.949 0.949 -7.48%
(RMB/share)
Diluted earnings per share
0.339 0.380 0.380 -10.79% 0.878 0.949 0.949 -7.48%
(RMB/share)
Weighted average ROE 4.04% 5.05% 5.05% -1.01% 10.52% 12.59% 12.59% -2.07%
Hikvision 2024 Q3 Report
Change(%) between December 31, 2023
On December 31, 2023
On September 30, 2024 and September 30, 2024
Before the adjustment After the adjustment After the adjustment
Total assets (RMB) 124,094,298,497.09 138,848,007,548.55 138,858,122,879.55 -10.63%
Net assets attributable to
shareholders of the Company 76,827,671,913.00 76,354,265,540.14 76,354,265,540.14 0.62%
(RMB)
The total share capital of the Company as of the previous trading day of the financial report disclosure:
The total share capital of the Company as of the previous trading day of the financial report disclosure (share) 9,233,198,326
Fully diluted earnings per share calculated using the latest share capital:
Fully diluted earnings per share (RMB/share) calculated with the latest share capital 0. 878
Hikvision 2024 Q3 Report
2. Items and Amounts of Non-recurring Gains and Losses
√ Applicable □ Inapplicable
Unit：RMB
Item Amount occurred in the current January 1, 2024–
reporting period (2024 Q3) September 30, 2024
Profit or loss from disposal of non-current assets (including the
-2,066,025.67 -14,012,774.62
write-off for the impairment provision of assets)
Government subsidies included in the current profit and loss
(excluding the government subsidy closely related to regular
course of business of the Company and government subsidy based 112,574,000.85 410,281,267.47
on standard quota or quantitative continuous application according
to the state industrial policy)
Profit or loss attributed to change in fair value for derivative
financial assets, derivative financial liabilities and other non-
current financial assets; and investment gains or losses from
disposal of derivative financial assets, derivative financial -50,920,771.32 -26,795,959.49
liabilities, and receivables for financing, excluding the effective
hedging business related to the regular business operation of the
Company.
Net profit or loss of the subsidiary from the beginning of the period
to the date of consolidation arising from a business combination - -295,677.15
under common control
Profit or loss on debt restructuring 100,816,662.85 100,816,662.85
Share-based payment expenses recognized in one lump sum due to
- -471,167,293.91
the cancellation or modification of the equity incentive plan
Other non-operating income and expenditures except the items
15,402,163.04 50,408,946.29
mentioned above
Less: Impact of income tax 25,485,717.09 41,250,688.18
Impact of the minority interests (after tax) 14,820,751.55 51,371,968.58
Total 135,499,561.11 -43,387,485.32
Details of other profit and loss items that meet the definition of non-recurring profit and loss:
□ Applicable √ Inapplicable
The Company does not have other specific conditions of profit and loss items that meet the definition of non-
recurring profit and loss.
Explanations on classifying any non-recurring gain/loss item mentioned in the
Hikvision 2024 Q3 Report
as recurring gain/loss item.
□ Applicable √ Inapplicable
The Company does not classify any non-recurring gain/loss item mentioned in the as recurring gain/loss item.
3. Information and Explanation about Variations in Key Accounting Data and Financial Indicators
√Applicable □Inapplicable
3.1 Explanation for variations in balance sheet items
Balance on Balance on
Item September 30, 2024 December 31, 2023 Change Note of Changes
(RMB) (RMB)
Cash and cash Dividend distributions and loan
28,260,909,688.58 49,638,158,662.54 -43.07%
equivalents repayments
Held-for-trading
6,251,911.26 37,380.00 16,625.28% Fluctuation in foreign exchange rate
financial assets
and decrease in the scale of foreign
Held-for-trading
16,554,651.68 38,079,755.04 -56.53% exchange hedging business
financial liabilities
Increase in prepayment related to
Prepayments 708,185,282.32 508,151,405.92 39.37%
construction projects of main business
Increase in prepayment for
Other non-current
3,936,557,540.62 2,920,349,344.39 34.80% construction due to development of
assets
the park
Notes payable 765,755,176.30 1,163,687,279.58 -34.20% Decrease in notes settlement
Short-term borrowings 905,243,323.50 2,118,952,026.06 -57.28%
Repayment of part of long- and short-
Non-current liabilities
1,498,369,099.66 5,814,660,214.96 -74.23% term borrowings due to reduction in
due within one year
working capital needs
Long-term borrowings 5,667,258,530.03 8,940,122,961.01 -36.61%
Other current liabilities 376,046,158.78 1,481,222,044.19 -74.61%
Other non-current The completion of repurchase of 2021
47,955,108.11 1,672,933,103.20 -97.13%
liabilities Restricted Stock Plan
Treasury shares - 2,737,987,226.55 -100.00%
Decrease in differences of foreign
Other comprehensive
-81,588,338.10 44,667,516.16 -282.66% currency statement translation due to
income
fluctuations of exchange rate
Hikvision 2024 Q3 Report
3.2 Explanation for variations in income statement items
2024 Q1 ~ 2024 Q3 2023 Q1 ~ 2023 Q3
Items YoY Change Note of changes
(RMB) (RMB)
Financial expenses -132,864,387.63 -438,141,627.90 69.68% Increase in foreign exchange losses
Decrease in gains from changes in
Gains from changes
7,519,902.82 83,987,239.15 -91.05% fair value in foreign exchange
in fair value
hedging business
3.3 Explanation for variations in cash flow statement items
2024 Q1 ~ 2024 Q3 2023 Q1 ~ 2023 Q3
Item YoY Change Note of changes
(RMB) (RMB)
Net cash flows from Increase in cash payments for
2,603,725,074.80 5,913,026,202.08 -55.97%
operating activities purchases
Net cash flows from Increase in expenditures for dividends
-20,592,681,412.08 -2,567,545,248.18 -702.04%
financing activities and loan repayments
Hikvision 2024 Q3 Report
II. Shareholder Information
1. Number of Common Shareholders and Preferred Shareholders with Resumed Voting Rights and
Information about Top 10 Shareholders
Unit: Share
Total number of preferred shareholders (if any)
Total number of common shareholders at the
384,154 whose voting rights have been recovered at the end 0
end of the reporting period
of the reporting period (if any)
Particulars about top 10 shareholders (Excludes shares lent through refinancing)
The number Pledged, marked or
Share-
Total shares of common frozen
Nature of holding
Name of shareholder held at the shares held
shareholder percentage
period-end with trading Status Amount
(%)
restrictions
Domestic State-
China Electronics Technology HIK Group Co.,
owned 36.93% 3,410,150,909 - Pledged 50,000,000
Ltd.
corporation
Overseas
Gong Hongjia 10.42% 962,504,814 - Pledged 186,842,000
individual
Domestic
Hangzhou Weixun Equity Investment non-state-
4.88% 450,795,176 - Pledged 22,200,000
Partnership (Limited Partnership) owned
corporation
Shanghai Perseverance Asset Management
Partnership (Limited Partnership) -
Other 4.46% 412,000,000 - - -
Perseverance Adjacent Mountain 1 Yuanwang
Fund
Domestic State-
CETC Investment Holdings Co., Ltd. owned 2.66% 245,161,568 - - -
corporation
Domestic
Hangzhou Pukang Equity Investment non-state-
1.98% 182,510,174 - Pledged 51,980,000
Partnership (Limited Partnership) owned
corporation
Domestic State-
The 52nd Research Institute at China Electronics
owned 1.96% 180,775,044 - - -
Technology Group Co. Ltd.
corporation
Domestic
Hu Yangzhong 1.69% 155,996,477 116,997,358 - -
Individual
Industrial and Commercial Bank of China Co.,
Ltd. – Huatai PineBridge Other 0.78% 71,844,856 - - -
CSI 300 Exchange Traded Fund
Domestic State-
Central Huijin Investment Co., Ltd. owned 0.70% 64,700,691 - - -
corporation
Particulars about shares held by the Top 10 common shareholders holding shares that are not subject to trading restriction(s)
(Excludes loaned shares through refinancing and lock-up shares of senior executives)
Number of common shares Type of shares
Name of shareholder without trading restrictions
held at the period-end Type Number
China Electronics Technology HIK Group Co., 3,410,150,909 RMB common shares 3,410,150,909
Hikvision 2024 Q3 Report
Ltd.
Gong Hongjia 962,504,814 RMB common shares 962,504,814
Hangzhou Weixun Equity Investment
450,795,176 RMB common shares 450,795,176
Partnership (Limited Partnership)
Shanghai Perseverance Asset Management
Partnership (Limited Partnership) -
412,000,000 RMB common shares 412,000,000
Perseverance Adjacent Mountain 1 Yuanwang
Fund
CETC Investment Holdings Co., Ltd 245,161,568 RMB common shares 245,161,568
Hangzhou Pukang Equity Investment
182,510,174 RMB common shares 182,510,174
Partnership (Limited Partnership)
The 52nd Research Institute at China Electronics
180,775,044 RMB common shares 180,775,044
Technology Group Co. Ltd
Industrial and Commercial Bank of China Co.,
Ltd. – Huatai PineBridge CSI 300 Exchange 71,844,856 RMB common shares 71,844,856
Traded Fund
Central Huijin Investment Co., Ltd. 64,700,691 RMB common shares 64,700,691
Hong Kong Securities Clearing Company
63,918,738 RMB common shares 63,918,738
Ltd.(HKSCC)
In the aforementioned shareholders, China Electronics Technology HIK Group Co.,
Ltd., CETC Investment Holdings Co., Ltd., and The 52nd Research Institute at
China Electronics Technology Group Co., Ltd. are acting in concert. Mr. Gong
Hongjia, and Hangzhou Pukang Equity Investment Partnership (Limited
Explanation on associated relationship and
Partnership) are acting in concert. Hu Yangzhong and Hangzhou Weixun Equity
concerted actions among above shareholders
Investment Partnership (Limited Partnership) are acting in concert. Except for
these, the Company does not know whether the other shareholders are related
parties or whether they are acting-in-concert parties in accordance with the
Administration of the Takeover of Listed Companies Procedures.
Situation of shareholders holding more than 5% of the shares, the top 10 shareholders, and the top 10 shareholders
of common shares without trading restrictions participating in the lending of shares in the refinancing business
√ Applicable □Inapplicable
Unit: share
Shareholders holding more than 5% of the shares, the top 10 shareholders, and the top 10 shareholders of common shares without
trading restrictions participating in the lending of shares in the refinancing business
Period-beginning Period-end
Period-beginning Period-end common
refinancing lending refinancing lending
common account and account and credit
Shareholder Name (Full shares that have not shares that have not
credit account holdings account holdings
Name) yet been returned yet been returned
Share
Shares Percentage Shares Percentage Shares Percentage Percentage
s
Industrial and Commercial
Bank of China Co., Ltd. – 27,920,756 0.30% 15,900 0.00% 71,844,856 0.78% 0 0.00%
Huatai PineBridge CSI
Hikvision 2024 Q3 Report
300 Exchange Traded
Fund
Changes of the top 10 shareholders and the top 10 shareholders that are not subject to trading restriction compared
with the previous period due to refinancing, lending/repayment issues
□ Applicable √ Inapplicable
2. Total Number of Preferred Shareholders and Information about Top 10 Preferred Shareholders
□ Applicable √ Inapplicable
Hikvision 2024 Q3 Report
III. Significant Events
√Applicable □Inapplicable
1. During the reporting period, the Company completed the general election of the Board of Directors and
the Board of Supervisors, and appointed senior management personnel.
On August 2, 2024, the company held the 1st Extraordinary General Meeting of Shareholders in 2024 to elect the
6th Board of Directors and the 6th Board of Supervisors.
There are 9 directors on the 6th Board of Directors, including 5 non-independent directors: Mr Hu Yangzhong, Mr
Fu Baijun, Mr Xu Lixing, Mr Xu Peng, and Mr Wang Qiuchao, and 4 independent directors: Mr Wu Xiaobo, Mr
Hu Ruimin, Mr Lv Changjiang (an accounting expert), and Mr Tan Xiaofen.
There are 3 supervisors on the 6th Board of Supervisors, who are Mr Lu Jianzhong, Ms Huang Xing, Mr Pan Jia (an
employee representative supervisor, elected by the representative congress of labor union).
On August 2, 2024, the company held the 1st meeting of the 6th Board of Supervisors. Mr. Hu Yangzhong was elected
as the chairman of the board, and Mr. Xu Peng was appointed as the general manager, and other senior management
personnel were appointed at the same time.
On August 2, 2024, the company held the 1st meeting of the 6th board of supervisors, and Mr Lu Jianzhong was
elected as the chairman of the board of supervisors.
2. During the reporting period, the Company terminated the implementation of the 2021 Restricted Stock
Plan and repurchased and cancelled the relevant restricted shares.
On April 18, 2024 and May 10, 2024, the 20th meeting of the 5th Board of Directors, the 18th meeting of the 5th Board
of Supervisors and 2023 Annual General Meeting reviewed and approved the Proposal on Terminating the
Implementation of the 2021 Restricted Stock Plan and Repurchasing and Canceling Relevant Restricted Shares. It
was agreed that the company would terminate the implementation of the 2021 Restricted Stock Plan and repurchase
Hikvision 2024 Q3 Report
and cancel all restricted stocks granted but not yet unlocked. The number of restricted stocks proposed to be
repurchased and cancelled this time was 97,402,605 shares, accounting for 1.0439% of the company's total share
capital (9,330,600,931 shares) before the repurchase and cancellation. On August 15, 2024, the aforementioned
restricted stocks have completed the repurchase and cancellation procedures at the Shenzhen Branch of China
Securities Depository and Clearing Corporation Limited. As of now, the Company does not have any outstanding
restricted shares.
For details, please refer to the Announcement on Terminating the Implementation of the 2021 Restricted Stock Plan
and Repurchasing and Canceling Relevant Restricted Shares and the Announcement on the Completion of
Repurchase and Cancellation of Restricted Stocks Related to the 2021 Restricted Stock Plan published by the
Company on www.cninfo.com.cn on April 20, 2024 and August 17, 2024.
The Company carries out accounting treatment related to the restricted stock plan in accordance with the
requirements of accounting standards such as "Enterprise Accounting Standards No. 11 — Share-based Payment".
For specific details, please refer to the notes to the financial statements (XII. Share-based payments of the
Company’s 2024 Half Year Report).
Hikvision 2024 Q3 Report
IV. Quarterly Financial Reports
1. Financial Statements
1.1 Consolidated balance sheet
Unit: RMB
December 31, 2023
Item September 30, 2024
(Restated)
Current Assets:
Cash and bank balances 28,260,909,688.58 49,638,158,662.54
Held-for-trading financial assets 6,251,911.26 37,380.00
Notes receivable 2,137,975,913.86 2,606,071,375.74
Accounts receivable 39,164,920,133.42 35,816,573,511.44
Receivables for financing 2,014,585,861.86 1,594,219,832.62
Prepayments 708,185,282.32 508,151,405.92
Other receivables 492,190,178.38 571,912,035.93
Inventories 20,035,881,949.03 19,211,444,296.82
Contract assets 992,428,761.39 1,173,312,415.20
Non-current assets due within one year 1,053,325,098.19 1,079,721,006.23
Other current assets 1,092,590,576.82 961,593,616.75
Total Current Assets 95,959,245,355.11 113,161,195,539.19
Non-current Assets:
Long-term receivables 400,367,382.12 538,698,618.76
Long-term equity investment 1,122,470,844.34 1,151,104,887.85
Other non-current financial assets 451,965,205.86 472,184,937.66
Fixed assets 13,244,859,559.02 11,508,312,342.17
Construction in progress 4,170,864,557.44 4,307,651,074.46
Right-of-use assets 462,477,983.20 521,061,396.66
Intangible assets 1,834,790,925.05 1,810,476,551.45
Goodwill 310,450,908.86 311,353,640.88
Long-term deferred expenses 145,588,105.65 177,361,533.93
Deferred tax assets 2,054,660,129.82 1,978,373,012.15
Other non-current assets 3,936,557,540.62 2,920,349,344.39
Total Non-current Assets 28,135,053,141.98 25,696,927,340.36
Total Assets 124,094,298,497.09 138,858,122,879.55
Current Liabilities:
Short-term borrowings 905,243,323.50 2,118,952,026.06
Held-for-trading financial liabilities 16,554,651.68 38,079,755.04
Notes payable 765,755,176.30 1,163,687,279.58
Accounts payable 16,678,074,026.03 19,163,485,888.09
Hikvision 2024 Q3 Report
December 31, 2023
Item September 30, 2024
(Restated)
Contract liabilities 3,235,944,808.92 2,977,990,775.40
Payroll payable 4,861,393,410.96 6,120,471,280.78
Taxes payable 1,712,044,947.24 1,622,550,187.86
Other payables 3,591,517,280.54 3,911,612,841.06
Including: dividends payable 190,451.32 253,957,413.29
Non-current liabilities due within one year 1,498,369,099.66 5,814,660,214.96
Other current liabilities 376,046,158.78 1,481,222,044.19
Total Current Liabilities 33,640,942,883.61 44,412,712,293.02
Non-current Liabilities:
Long-term borrowings 5,667,258,530.03 8,940,122,961.01
Lease liabilities 312,411,600.21 344,005,866.13
Long-term payables 13,834,298.97 15,526,169.45
Provisions 242,353,235.28 213,084,038.31
Deferred income 819,853,474.28 966,259,592.34
Deferred tax liabilities 155,688,650.40 129,866,978.18
Other non-current liabilities 47,955,108.11 1,672,933,103.20
Total Non-current liabilities 7,259,354,897.28 12,281,798,708.62
Total Liabilities 40,900,297,780.89 56,694,511,001.64
Owners’ Equity
Share capital 9,233,198,326.00 9,330,600,931.00
Capital reserves 5,870,267,200.03 7,864,903,763.52
Less: Treasury shares - 2,737,987,226.55
Other comprehensive income (81,588,338.10) 44,667,516.16
Surplus reserves 4,715,460,312.00 4,715,460,312.00
Retained earnings 57,090,334,413.07 57,136,620,244.01
Total owners' equity attributable to owner
76,827,671,913.00 76,354,265,540.14
of the Company
Minority equity 6,366,328,803.20 5,809,346,337.77
Total Owners' Equity 83,194,000,716.20 82,163,611,877.91
Total Liabilities and Owners' Equity 124,094,298,497.09 138,858,122,879.55
Legal Representative: Hu Yangzhong
Person in Charge of the Accounting work: Jin Yan
Person in Charge of Accounting Institution: Zhan Junhua
Hikvision 2024 Q3 Report
1.2 Consolidated income statement from the beginning of the year to the end of the reporting period
Unit: RMB
2023 Q1~Q3
Item 2024 Q1~Q3
(Restated)
I. Revenue 64,991,467,788.45 61,276,013,250.23
II．Total Operating Costs 55,973,716,430.00 51,801,109,054.37
Less: Cost of sales and services 35,903,245,768.50 33,792,365,273.38
Business taxes and surcharges 518,733,466.76 526,331,975.20
Selling expenses 8,686,531,329.34 7,702,706,183.02
Administrative expenses 2,261,849,315.30 2,044,820,853.41
Research and development (R&D)
8,736,220,937.73 8,173,026,397.26
expenses
Financial expenses (132,864,387.63) (438,141,627.90)
Including：Interest expenses 316,839,376.56 327,860,614.56
Interest income 712,317,025.99 705,770,798.65
Add: Other income 1,938,138,530.25 1,695,250,638.04
Investment income (loss"-") 37,783,854.68 39,763,080.90
Including: Investment gains (losses) in
associated enterprise and joint-venture (89,958,117.85) (42,311,858.66)
enterprise
Gains (loss"-") from changes in fair values 7,519,902.82 83,987,239.15
Credit impairment losses ("-") (600,045,342.10) (541,104,768.19)
Impairment losses ("-") of assets (269,141,180.16) (269,035,009.89)
Asset disposal income (loss"-") (13,809,533.99) (12,073,109.46)
III. Operating Profit (loss"-") 10,118,197,589.95 10,471,692,266.41
Add: Non-operating income 51,891,881.12 76,153,790.31
Less: Non-operating expenses 19,894,367.06 13,606,755.97
IV. Total Profit (loss"-") 10,150,195,104.01 10,534,239,300.75
Less: Income tax expenses 1,242,370,816.25 1,035,810,349.56
V. Net Profit (loss"-") 8,907,824,287.76 9,498,428,951.19
5.1 Classification by operation continuity
(a) Net profit (loss) on continuous
8,907,824,287.76 9,498,428,951.19
operation
(b) Net profit (loss) on terminated
- -
operation
5.2 Classification by attribution of
ownership
(a) Net profit attributable to owners of
8,107,748,494.46 8,851,262,013.63
parent company
Hikvision 2024 Q3 Report
2023 Q1~Q3
Item 2024 Q1~Q3
(Restated)
(b) Profit or loss attributable to minority
800,075,793.30 647,166,937.56
shareholders
VI. Other Comprehensive Income, Net of
(239,996,824.05) 132,104,468.87
Income Tax
Other comprehensive income attributable to
(126,255,854.26) 54,815,351.50
owners of the Company, net of tax
(I) Items that will not be reclassified
- -
subsequently to profit or loss
(II) Other comprehensive income to be
reclassified to profit or loss in subsequent (126,255,854.26) 54,815,351.50
periods
1. Exchange differences arising on
conversion of financial statements (126,255,854.26) 54,815,351.50
denominated in foreign currencies
Other comprehensive income attributable to
(113,740,969.79) 77,289,117.37
minority interests, net of tax
VII. Total Comprehensive Income 8,667,827,463.71 9,630,533,420.06
Total comprehensive income attributable to
7,981,492,640.20 8,906,077,365.13
owners of the parent company
Total comprehensive income attributable to
686,334,823.51 724,456,054.93
minority shareholders
VIII. Earnings Per Share
(I) Basic earnings per share 0.878 0.949
(II) Diluted earnings per share 0.878 0.949
A business combination under common control occurred during the reporting period. The acquiree realized net loss of RMB295,677.15
before the combination, and realized net profits of RMB197,700.87 during the last reporting period.
Legal Representative: Hu Yangzhong
Person in Charge of the Accounting work: Jin Yan
Person in Charge of Accounting Institution: Zhan Junhua
1.3 Consolidated cash flow statement from the beginning of the year to the end of the reporting period
Unit: RMB
2023 Q1~Q3
Item 2024 Q1~Q3
(Restated)
I. Cash Flows from Operating Activities:
Cash received from sale of goods or rendering of services 67,372,383,421.35 64,047,725,763.17
Receipts of tax refunds 3,213,608,844.77 2,795,802,674.28
Other cash receipts relating to operating activities 1,296,159,457.61 1,467,228,938.83
Sub-total of cash inflows from operating activities 71,882,151,723.73 68,310,757,376.28
Cash payments for goods purchased and services received 43,319,394,936.84 39,429,134,297.75
Cash paid to and on behalf of employees 15,514,458,996.41 13,870,585,455.27
Payments of various types of taxes 4,712,595,300.53 4,618,580,862.27
Other cash payments relating to operating activities 5,731,977,415.15 4,479,430,558.91
Hikvision 2024 Q3 Report
2023 Q1~Q3
Item 2024 Q1~Q3
(Restated)
Sub-total of cash outflows from operating activities 69,278,426,648.93 62,397,731,174.20
Net Cash Flows from Operating Activities 2,603,725,074.80 5,913,026,202.08
II. Cash Flows from Investing Activities:
Cash receipts from recovery of investments 1,942,144,541.12 3,676,551,269.16
Cash receipts from investment income 67,033,430.58 2,170,800.00
Net cash receipts from disposals of fixed assets, intangible
5,366,246.45 4,992,600.07
assets and other long-term assets
Other cash receipts relating to investing activities 43,213,496.63 45,490,116.17
Sub-total of cash inflows from investing activities 2,057,757,714.78 3,729,204,785.40
Cash payments to acquire or construct fixed assets,
3,387,563,388.43 3,321,446,998.66
intangible assets and other long-term assets
Cash paid to acquire investments 1,985,960,403.43 3,803,400,267.38
Net cash paid to acquire subsidiaries and other business
- 43,992,651.82
units
Sub-total of cash outflows from investing activities 5,373,523,791.86 7,168,839,917.86
Net Cash Flows from Investing Activities (3,315,766,077.08) (3,439,635,132.46)
III. Cash Flows from Financing Activities:
Cash receipts from capital contributions - 10,820,000.00
Including: cash receipts from capital contributions from
- 10,820,000.00
minority owners of subsidiaries
Cash receipts from borrowings 5,701,717,778.30 8,411,594,640.04
Other cash receipts relating to financing activities 2,007,056.47 5,000,000.00
Sub-total of cash inflows from financing activities 5,703,724,834.77 8,427,414,640.04
Cash repayments of borrowings 14,450,997,152.86 3,193,590,889.95
Cash payments for distribution of dividends or profits or
8,892,175,431.16 6,919,370,094.76
settlement of interest expenses
Other cash payments relating to financing activities 2,953,233,662.83 881,998,903.51
Sub-total of cash outflows from financing activities 26,296,406,246.85 10,994,959,888.22
Net Cash Flows from Financing Activities (20,592,681,412.08) (2,567,545,248.18)
IV. Effect of Foreign Exchange Rate Changes on Cash and
(43,647,573.77) 91,529,173.89
Cash Equivalents
V. Net Decrease in Cash and Cash Equivalents (21,348,369,988.13) (2,625,004.67)
Add: Opening balance of Cash and Cash Equivalents 49,427,967,355.78 39,825,124,107.52
VI. Closing Balance of Cash and Cash Equivalents 28,079,597,367.65 39,822,499,102.85
Legal Representative: Hu Yangzhong
Person in Charge of the Accounting work: Jin Yan
Person in Charge of Accounting Institution: Zhan Junhua
Hikvision 2024 Q3 Report
2. Adjustments to financial report at the beginning of the year relating to the initial adoption of the new
accounting standards or interpretation of standards since 2024.
□Applicable √Inapplicable
3. Audit Report
Whether audit has been performed on this 2024 3rd Quarter Report
□ Yes √ No
The Company’s 2024 3rd Quarter report has not been audited.
HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD.
Board of Directors
October 26, 2024
Note:
This document is a translated version of the Chinese version 2024 3rd Quarter Report (“2024 年第三季度报告”),
and the published announcements in the Chinese version shall prevail. The complete published Chinese 2024 3rd
Quarter Report may be obtained at www.cninfo.com.cn.
