Hikvision 2022 Q1 Report
Stock Exchange Code：002415 Abbreviation of Securities：Hikvision
No：2022-028
Hangzhou Hikvision Digital Technology Co., Ltd.
2022 1st 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:
Whether the directors, supervisors and senior management have any objection to the content of this
quarterly report or cannot guarantee the truthfulness, accuracy and completeness of this quarterly
report
□ Yes √ No
1. The Board of Directors, Board of Supervisors, directors, supervisors and senior management
guarantee that the information presented in this report is true, accurate and complete without false
records, misleading statements or material omissions, and will undertake individual and joint legal
liabilities.
2. Chen Zongnian, 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 true, accurate
and complete.
3. Whether the 1st quarter report has been audited
□Yes√ No
Hikvision 2022 Q1 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
YoY Change(%) between 2021 Q1 and 2022 Q1
2022 Q1 2021 Q1
Operating income (RMB) 16,521,549,351.36 13,988,385,531.58 18.11%
Net profits attributable to shareholders of the Company (RMB) 2,284,174,955.78 2,169,440,312.25 5.29%
Net profits attributable to shareholders of the Company excluding
2,210,077,663.70 2,022,056,316.46 9.30%
non-recurring gains and losses (RMB)
Net cash flows from operating activities (RMB) -3,904,933,407.63 -2,018,107,114.23 -93.49%
Basic earnings per share (RMB/share) 0.247 0.235 5.11%
Diluted earnings per share (RMB/share) 0.246 0.233 5.58%
Weighted average Return on Equity (ROE) 3.53% 3.95% -0.42%
Change(%) between December 31st 2021 and March
On March 31st 2022 On December 31st 2021
31st 2022
Total assets (RMB) 104,433,154,852.05 103,864,543,195.18 0.55%
Owner’s equity attributable to shareholders of the Company (RMB) 65,935,588,426.84 63,460,886,665.26 3.90%
Hikvision 2022 Q1 Report
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) 9,433,208,719
Fully diluted earnings per share calculated using the latest share capital:
Fully diluted earnings per share (RMB/share) calculated with the latest share capital 0.242
2. Items and Amounts of Non-recurring Gains and Losses
√ Applicable □ Inapplicable
Unit：RMB
Item January 1st 2022–March 31st 2022
Profit or loss from disposal of non-current assets (including the write-off for the
-6,235,789.84
impairment provision of assets)
Government subsidies included in the current profit and loss (except for government
subsidies that are closely related to the Company's regular business operations, comply
34,618,737.47
with national policies, and those that are continuously enjoyed in accordance with a
certain standard fixed or quantitative basis)
Investment income from disposal of subsidiaries and other business units 1,260,000.00
Profits and losses attributed to change in fair value for held-for-trading financial assets
and held-for-trading financial liabilities; and investment income from disposal of held-
for-trading financial assets, held-for-trading financial liabilities, and available-for-sale 32,111,222.06
financial assets, excluding the effective hedging business related to the regular business
operation of the Company.
Other non-operating income and expenditures except the items mentioned above 18,990,529.44
Less: Impact of income tax 5,116,546.63
Impact of the minority interests (after tax) 1,530,860.42
Total 74,097,292.08
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
as recurring gain/loss item.
□ Applicable √ Inapplicable
Hikvision 2022 Q1 Report
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 March Balance on December YoY change
Item Note of Changes
31st 2022 (RMB) 31st 2021 (RMB) (%)
Tax refund receivable and
Other receivables 559,853,558.89 359,620,445.88 55.68% guarantee deposit receivable
increased
Loss on changes in fair value of
Held-for-trading
35,142,730.59 4,062,317.57 765.09% foreign exchange hedging business
financial liabilities
increased
2021 year-end bonus were paid in
Payroll payable 2,444,270,164.84 4,595,552,073.12 -46.81%
this quarter
Other non-current Completion of the grant of the
3,427,897,914.23 534,334,158.27 541.53%
liabilities restricted share scheme in 2021
resulted in an increase in share
capital and capital reserve; other
Capital reserves 8,411,005,114.94 5,404,070,600.07 55.64%
non-current liabilities and treasury
shares increased with the increase
Treasury shares 3,917,020,117.59 1,023,188,723.04 282.82%
in the number of restricted shares
3.2 Explanation for variations in income statement items
2022 Q1 2021 Q1 YoY Change
Items Note of changes
(RMB) (RMB) (%)
The increase was due to the expansion
Administrative expenses 529,341,844.09 404,572,784.09 30.84% of the Company's business scale and
the corresponding personnel growth
Financial expenses 5,107,219.67 -102,974,119.07 104.96% Foreign exchange losses increased
Return on investment in joint ventures
and income on foreign exchange
Investment income 132,282,275.71 5,303,647.94 2394.18%
hedging business’ transaction
increased
Hikvision 2022 Q1 Report
Loss from changes in fair value of
Gains/losses from foreign exchange hedging business
-36,969,562.42 34,574,820.33 -206.93%
changes in fair value and other non-current financial assets
increased
Credit impairment losses -90,841,201.58 -197,732,278.00 54.06% Provision for credit loss decreased
Provision for inventory depreciation
Asset impairment losses -40,075,823.89 -81,411,914.50 50.77%
decreased
3.3 Explanation for variations in cash flow statement items
2022 Q1 2021 Q1 YoY Change
Item Note of changes
(RMB) (RMB) (%)
Net cash flow from Increase in inventory purchases and
-3,904,933,407.63 -2,018,107,114.23 -93.49%
operating activities employee compensation
Net cash flows from Increase in long-term asset investment
-795,128,733.12 -559,863,626.77 -42.02%
investing activities expenditures
Receipt of 2021 incentive restricted
Net cash flows from
4,247,971,748.82 -458,675,244.36 1026.14% share subscriptions and increase in net
financing activities
borrowing inflows
Hikvision 2022 Q1 Report
II. Shareholder Information
1. Total number of common shareholders and number of preferred shareholders with resumed voting rights and information about top 10 shareholders
Unit: Share
Total number of common shareholders at the end of the reporting Total number of preferred shareholders (if any) whose voting rights have been
308,098 0
period recovered at the end of the reporting period (if any)
Particulars about top 10 shareholders
The number of Pledged, marked or frozen
Share- common
Total shares held at
Name of shareholder Nature of shareholder holding percentage shares held
the period-end Status Amount
(%) with trading
restrictions
Domestic state-owned
China Electronics Technology HIK Group Co., Ltd. 36.08% 3,403,879,509 - Pledged 50,000,000
corporation
Gong Hongjia Overseas individual 10.20% 962,504,814 - Pledged 117,220,000
Domestic non-state-
Xinjiang Weixun Investment Management Limited Partnership 4.78% 450,795,176 - Pledged 21,210,000
owned corporation
Domestic state-owned
China Electronics Technology Investment Holdings Co., Ltd. 2.46% 232,307,903 - - -
corporation
Shanghai Gaoyi Asset Management Partnership (Limited Partnership) -
Others 2.23% 210,000,000 - - -
Gaoyi Adjacent Mountain 1 Yuanwang Fund
Domestic non-state-
Xinjiang Pukang Investment Limited Partnership 1.93% 182,510,174 - Pledged 96,400,000
owned corporation
The 52nd Research Institute at China Electronics Technology Group Domestic state-owned
1.92% 180,775,044 - - -
Corporation corporation
Hu Yangzhong Domestic individual 1.65% 155,246,477 116,434,858 - -
Bank of China Co., Ltd. - Efunds Blue Chip Select Hybrid Securities
Others 1.34% 126,000,000 - - -
Investment Fund
Domestic state-owned
CITIC Securities Co., Ltd. 0.94% 88,559,824 - - -
corporation
Hikvision 2022 Q1 Report
Particulars about shares held by the Top 10 common shareholders holding shares that are not subject to trading restriction(s)
Type of shares
Number of common shares without trading
Name of shareholder
restrictions held at the period-end Type Number
China Electronics Technology HIK Group Co., Ltd. 3,403,879,509 RMB ordinary shares 3,403,879,509
Gong Hongjia 962,504,814 RMB ordinary shares 962,504,814
Xinjiang Weixun Investment Management Limited Partnership 450,795,176 RMB ordinary shares 450,795,176
China Electronics Technology Investment Holdings Co., Ltd. 232,307,903 RMB ordinary shares 232,307,903
Shanghai Gaoyi Asset Management Partnership (Limited Partnership) -
210,000,000 RMB ordinary shares 210,000,000
Gaoyi Adjacent Mountain 1 Yuanwang Fund
Xinjiang Pukang Investment Limited Partnership 182,510,174 RMB ordinary shares 182,510,174
The 52nd Research Institute at China Electronics Technology Group
180,775,044 RMB ordinary shares 180,775,044
Co., Ltd.
Bank of China Co., Ltd. - Efunds Blue Chip Select Hybrid Securities
126,000,000 RMB ordinary shares 126,000,000
Investment Fund
CITIC Securities Co., Ltd. 88,559,824 RMB ordinary shares 88,559,824
Hong Kong Securities Clearing Company Ltd.(HKSCC) 82,908,374 RMB ordinary shares 82,908,374
China Electronics Technology HIK Group Co., Ltd., China Electronics Technology Investment Holdings Co., Ltd., and
the 52nd Research Institute at China Electronics Technology Group are all subject to control of China Electronics
Technology Group Corporation. Ms. Chen Chunmei, limited partner of Xinjiang Pukang Investment Limited
Partnership, is the spouse of Mr. Gong Hongjia, overseas individual shareholder of the Company. Hu Yangzhong,
Explanation on associated relationship and concerted actions among
domestic individual, is holding shares in both Xinjiang Weixun Investment Management Limited Partnership and
above shareholders
Xinjiang Pukang Investment Limited Partnership.
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 Measures for Management of the Disclosure of the Shareholding
Changes of Shareholders of the Listed Company.
Hikvision 2022 Q1 Report
2. Total number of preferred shareholders and information about Top 10 preferred shareholders
□ Applicable √ Inapplicable
Hikvision 2022 Q1 Report
III. Significant Events
√Applicable □Inapplicable
On January 18th 2022, the 8th meeting of the 5th session of the Board of Directors of the company deliberated
and approved the Proposal on the Investment and Construction of HikRobot Products’ Industrial Base Project by
the Company’s Holding Subsidiary, and approved the Company's innovative business, a holding subsidiary of the
Company, Hangzhou Hikrobot Technology Co., Ltd. (hereinafter referred to as "HikRobot") to invest self-raised
funds of RMB 1.1661 billion to build the above project. The project undertaker is HikRobot.
On January 18th 2022, the 8th meeting of the 5th session of the Board of Directors of the Company deliberated
and approved the Proposal on the Investment and Construction of Infrared Thermal Imaging Products’ Industrial
Base Project by the Company’s Holding Subsidiary, and approved the Company's innovative business, a holding
subsidiary of the Company, Hangzhou Hikmicro Sensing Technology Co., Ltd. (hereinafter referred to as
"HikMicro") to invest self-raised funds of RMB 1.28018 billion to build the above project. The project undertaker
is HikMicro’s wholly-owned subsidiary, Hangzhou Micro Software Co., Ltd.
On January 18th 2022, the 8th meeting of the 5th session of the Board of Directors of the company deliberated
and approved the Proposal on the Investment and Construction of HikRobot Intelligent Manufacturing (Tonglu)
Base Project by the Company’s Holding Subsidiary, and approved the Company's innovative business, a holding
subsidiary of the Company, HikRobot to invest self-raised funds of RMB 1.53422 billion to build the above project.
The project undertaker is HikRobot’s wholly-owned subsidiary, Hangzhou Hikrobot Automation Co., Ltd.
On January 18th 2022, the 8th meeting of the 5th session of the Board of Directors of the company deliberated
and approved the Proposal on the Investment and Construction of Hikvision Global Warehousing and Logistics
Center Project, and approved the Company to invest self-raised funds of RMB 1.28605 billion to build the above
project. The project undertaker is Hangzhou Hikvision Electronics Co., Ltd. (hereinafter referred to as "Electronics
Company"), which is a holding subsidiary of Hikvision. On January 24th 2022, the Electronics Company won the
use right of the state-owned construction land for the project (Phase I) with a total of RMB 53.77 million. On
February 10th 2022, the Electronics Company and Tonglu Planning and Natural Resources Bureau signed the
Contract for assigning the right to use state-owned construction land.
On January 18th 2022, the 8th meeting of the 5th session of the Board of Directors of the company deliberated
and approved the Proposal on Granting Restricted Shares to Incentive Objects under the 2021 Restricted Share
Scheme. In accordance with the Measures for the Administration of Equity Incentives of Listed Companies and other
Hikvision 2022 Q1 Report
relevant laws, regulations, departmental rules, normative documents, as well as the 2021 Restricted Share Scheme
(Revised Draft) and related authorizations that approved by the first extraordinary general meeting in 2022, the
Company has completed the share grant and registration of the 2021 Restricted Share Scheme. The granted incentive
objects are 9,738 people, and the total number of granted restricted shares is 97,402,605 shares, accounting for 1.04%
of the total share capital of the Company before the grant. The granted shares were listed on February 11th 2022.
Upon completion of this restricted share scheme grant, the Company's total share capital changed from
9,335,806,114 shares to 9,433,208,719 shares.
On January 29th 2022, in accordance with the requirements of the Securities Investment Fund Law and Interim
Measures for the Supervision and Administration of Private Equity Fund, the Hangzhou Haina Yuzhi
Entrepreneurship Investment Partnership Co., Ltd., co-established by the Company, completed the private equity
investment fund filing procedures in the Asset Management Association of China (AMAC), and obtained the Filing
Certificate of Private Investment Fund.
Related inquiries on important information disclosure website:
Disclosure website of the temporary public
Title of the temporary public announcement Disclosure Date
announcement
Announcement on Granting Restricted Shares to Incentive
Objects under the 2021 Restricted Share Scheme January 19th 2022 www.cninfo.com.cn
(Announcement No. 2022-006)
Announcement on the Investment and Construction of
HikRobot Products’ Industrial Base Project by the
January 19th 2022 www.cninfo.com.cn
Company’s Holding Subsidiary (Announcement No. 2022-
007)
Announcement on the Investment and Construction of
Infrared Thermal Imaging Machine Products’ Industrial
January 19th 2022 www.cninfo.com.cn
Base Project by the Company’s Holding Subsidiary
(Announcement No. 2022-008)
Announcement on Investment and Construction of HikRobot
Intelligent Manufacturing (Tonglu) Base Project by the
January 19th 2022 www.cninfo.com.cn
Company’s Holding Subsidiary (Announcement No. 2022-
009)
Announcement on the Investment and Construction of
Hikvision Global Warehousing and Logistics Center Project January 19th 2022 www.cninfo.com.cn
(Announcement No. 2022-010)
Announcement on the Completion of the 2021 Restricted
February 10th 2022 www.cninfo.com.cn
Share Scheme’s Share Grant (Announcement No.: 2022-011)
Hikvision 2022 Q1 Report
Disclosure website of the temporary public
Title of the temporary public announcement Disclosure Date
announcement
Announcement on the Completion of the Filing of
Entrepreneurship Investment Partnership Enterprise co- February 10th 2022 www.cninfo.com.cn
established by the Company (Announcement No. 2022-013)
Hikvision 2022 Q1 Report
IV. Quarterly Financial Reports
1. Financial Statements
1.1 Consolidated Balance Sheet
Unit: RMB
Item March 31st 2022 January 1st 2022
Current Assets:
Cash and bank balances 34,214,789,967.83 34,721,870,931.36
Held-for-trading financial assets 39,602,537.35 34,320,010.83
Notes receivable 1,482,113,554.59 1,522,760,905.30
Accounts receivable 25,789,666,608.19 26,174,773,100.42
Receivables for financing 1,315,907,940.71 1,316,035,122.06
Prepayments 520,092,488.58 505,798,253.35
Other receivables 559,853,558.89 359,620,445.88
Inventories 18,500,141,730.63 17,974,112,407.60
Contract assets 1,496,973,175.13 1,411,372,624.91
Non-current assets due within one year 999,823,685.49 975,960,437.14
Other current assets 1,059,687,222.43 1,022,600,377.78
Total Current Assets 85,978,652,469.82 86,019,224,616.63
Non-current Assets:
Long-term receivables 564,964,392.90 613,067,944.97
Long-term equity investment 1,058,739,120.27 982,165,546.45
Other non-current financial assets 398,550,438.23 438,724,172.22
Fixed assets 7,325,592,362.00 6,695,590,671.27
Construction in progress 2,359,251,163.51 2,323,336,098.68
Right-of-use assets 564,890,135.01 566,393,672.75
Intangible assets 1,297,143,781.57 1,304,247,415.07
Goodwill 209,922,678.57 202,381,895.37
Long-term deferred expenses 151,062,374.39 158,007,174.90
Deferred tax assets 1,208,262,980.73 1,210,877,575.24
Other non-current assets 3,316,122,955.05 3,350,526,411.63
Total Non-current Assets 18,454,502,382.23 17,845,318,578.55
Total Assets 104,433,154,852.05 103,864,543,195.18
Current Liabilities:
Short-term borrowings 5,178,381,117.37 4,074,962,469.97
Held-for-trading financial liabilities 35,142,730.59 4,062,317.57
Notes payable 1,450,808,791.13 1,339,998,383.34
Accounts payable 11,364,550,862.39 15,889,694,981.12
Hikvision 2022 Q1 Report
Item March 31st 2022 January 1st 2022
Contract Liabilities 2,351,116,067.38 2,580,894,226.59
Payroll payable 2,444,270,164.84 4,595,552,073.12
Taxes payable 1,727,168,178.61 1,461,470,029.69
Other payables 1,904,450,458.64 1,830,626,583.03
Non-current liabilities due within one year 643,848,416.36 596,915,360.58
Other current liabilities 924,040,162.41 917,479,922.61
Total Current Liabilities 28,023,776,949.72 33,291,656,347.62
Non-current Liabilities:
Long-term borrowings 3,568,900,791.46 3,284,371,642.52
Lease liabilities 328,390,158.81 317,951,879.21
Long-term payables 7,991,823.98 9,009,331.50
Provisions 195,530,790.87 200,675,950.96
Deferred income 758,237,866.19 738,586,458.05
Deferred tax liabilities 92,928,728.13 93,315,151.17
Other non-current liabilities 3,427,897,914.23 534,334,158.27
Total non-current liabilities 8,379,878,073.67 5,178,244,571.68
Total liabilities 36,403,655,023.39 38,469,900,919.30
Owners’ Equity
Share capital 9,433,208,719.00 9,335,806,114.00
Capital reserves 8,411,005,114.94 5,404,070,600.07
Less: Treasury shares 3,917,020,117.59 1,023,188,723.04
Other comprehensive income (97,060,465.71) (77,184,125.29)
Surplus reserves 4,672,505,348.00 4,672,505,348.00
Retained earnings 47,432,949,828.20 45,148,877,451.52
Total owners' equity attributable to owner of the
65,935,588,426.84 63,460,886,665.26
Company
Minority equity 2,093,911,401.82 1,933,755,610.62
Total owners' equity 68,029,499,828.66 65,394,642,275.88
Total liabilities and owners' equity 104,433,154,852.05 103,864,543,195.18
Legal Representative: Chen Zongnian Person in Charge of the Accounting work: Jin Yan
Person in Charge of Accounting Institution: Zhan Junhua
Hikvision 2022 Q1 Report
1.2 Consolidated Income Statement
Unit: RMB
Item 2022 Q1 2021 Q1
I. Total operating income 16,521,549,351.36 13,988,385,531.58
Including: Operating income 16,521,549,351.36 13,988,385,531.58
II．Total operating costs 13,978,401,580.35 11,316,658,363.91
Including: Operating costs 9,297,971,644.50 7,439,068,423.51
Business taxes and surcharges 103,960,428.47 101,336,830.02
Selling expenses 1,974,041,727.28 1,786,834,444.08
Administrative expenses 529,341,844.09 404,572,784.09
Research and Development (R&D) expenses 2,067,978,716.34 1,687,820,001.28
Financial expenses 5,107,219.67 (102,974,119.07)
Including：Interest expenses 60,958,191.49 52,121,944.86
Interest income 190,359,285.26 183,538,676.95
Add: Other Income 345,650,804.89 464,549,234.50
Investment income (loss“-“) 132,282,275.71 5,303,647.94
Including: Investment gains (losses) in associated
68,225,299.63 (11,301,565.31)
enterprise and joint-venture enterprise
Gains (loss “-“) from changes in fair values (36,969,562.42) 34,574,820.33
Credit impairment losses (“-“) (90,841,201.58) (197,732,278.00)
Impairment losses (“-“) of assets (40,075,823.89) (81,411,914.50)
Asset disposal income (loss“-“) (5,806,721.09) 3,464,415.12
III. Operating profit (loss“-“) 2,847,387,542.63 2,900,475,093.06
Add: Non-operating income 20,516,223.04 15,425,698.32
Less: Non-operating expenses 2,065,880.39 5,653,691.68
IV. Total profit (loss“-“) 2,865,837,885.28 2,910,247,099.70
Less: Income tax expenses 449,922,664.83 475,617,677.61
V. Net profit (loss“-“) 2,415,915,220.45 2,434,629,422.09
5.1 Classification by operation continuity
(a) Net profit (loss) on continuous operation 2,415,915,220.45 2,434,629,422.09
(b) Net profit (loss) on terminated operation
5.2 Classification by attribution of ownership
(a) Net profit attributable to owners of parent 2,284,174,955.78 2,169,440,312.25
company
(b) Profit or loss attributable to minority 131,740,264.67 265,189,109.84
shareholders
VI. Other comprehensive income, net of income tax (12,563,136.93) (2,726,280.29)
Hikvision 2022 Q1 Report
Item 2022 Q1 2021 Q1
Other comprehensive income attributable to owners of the
(19,876,339.66) (2,797,852.20)
Company, net of tax
(I) Items that will not be reclassified subsequently to profit or
loss
1. Re-measurement of changes in defined benefit plans
2. Other comprehensive income that cannot be
transferred to profit or loss under the equity method
3. Changes in fair value of other equity instrument
investments
4. Changes in the fair value of the Company's own
credit risk
5. Others
(II) Other comprehensive income to be reclassified to profit
(19,876,339.66) (2,797,852.20)
or loss in subsequent periods
1. Other comprehensive income that can be transferred
to profit or loss under the equity method
2. Changes in fair value of other debt investments
3. Amount of financial assets reclassified into other
comprehensive income
4. Provision for credit impairment of other debt
investments
5. Cash flow hedge reserve
6. Exchange differences arising on conversion of
(19,876,339.66) (2,797,852.20)
financial statements denominated in foreign
currencies
7. Others
Other comprehensive income attributable to minority
7,313,202.73 71,571.91
interests, net of tax
VII. Total comprehensive income 2,403,352,083.52 2,431,903,141.80
Total comprehensive income attributable to owners of the
2,264,298,616.12 2,166,642,460.05
parent company
Total comprehensive income attributable to minority
139,053,467.40 265,260,681.75
shareholders
VIII. Earnings per share
(I) Basic earnings per share 0.247 0.235
(II) Diluted earnings per share 0.246 0.233
Legal Representative: Chen Zongnian Person in Charge of the Accounting work: Jin Yan
Person in Charge of Accounting Institution: Zhan Junhua
Hikvision 2022 Q1 Report
1.3 Consolidated Cash Flow Statement
Unit: RMB
Item 2022 Q1 2021 Q1
I. Cash flows from operating activities:
Cash received from sale of goods or rendering of services 17,661,390,678.54 16,428,465,685.12
Receipts of tax refunds 742,166,152.62 991,809,469.82
Other cash receipts relating to operating activities 328,574,664.10 588,410,871.02
Sub-total of cash inflows from operating activities 18,732,131,495.26 18,008,686,025.96
Cash payments for goods purchased and services received 15,519,789,720.06 13,971,786,080.20
Cash paid to and on behalf of employees 5,377,995,779.80 4,336,320,740.87
Payments of various types of taxes 795,152,157.07 938,996,033.15
Other cash payments relating to operating activities 944,127,245.96 779,690,285.97
Sub-total of cash outflows from operating activities 22,637,064,902.89 20,026,793,140.19
Net Cash flows from Operating Activities (3,904,933,407.63) (2,018,107,114.23)
II. Cash flows from Investing Activities:
Cash receipts from recovery of investments 1,518,117,095.20 1,426,348,673.18
Cash receipts from investment income 2,013,946.91
Net cash receipts from disposals of fixed assets,
7,178,824.87 5,980,574.19
intangible assets and other long-term assets
Other cash receipts relating to investing activities 16,969,668.23 18,179,686.32
Sub-total of cash inflows from investing activities 1,544,279,535.21 1,450,508,933.69
Cash payments to acquire or construct fixed assets,
910,928,512.01 600,635,383.06
intangible assets and other long-term assets
Cash paid to acquire investments 1,428,479,756.32 1,409,737,177.40
Sub-total of cash outflows from investing activities 2,339,408,268.33 2,010,372,560.46
Net cash flows from Investing Activities (795,128,733.12) (559,863,626.77)
III. Cash flows from financing activities:
Cash receipts from capital contributions 2,893,831,394.55 5,500,000.00
Including: cash receipts from capital contributions
5,500,000.00
from minority owners of subsidiaries
Cash receipts from borrowings 1,537,700,961.53 438,000,000.00
Sub-total of cash inflows from financing activities 4,431,532,356.08 443,500,000.00
Cash repayments of borrowings 70,362,288.03 807,825,160.67
Cash payments for distribution of dividends or profits or
57,131,627.12 64,425,606.92
settlement of interest expenses
Other cash payments relating to financing activities 56,066,692.11 29,924,476.77
Sub-total of cash outflows from financing activities 183,560,607.26 902,175,244.36
Net cash flows from Financing Activities 4,247,971,748.82 (458,675,244.36)
Hikvision 2022 Q1 Report
Item 2022 Q1 2021 Q1
IV. Effect of foreign exchange rate changes on Cash and
(34,758,212.24) (37,562,227.05)
Cash Equivalents
V. Net increase in Cash and Cash Equivalents (486,848,604.17) (3,074,208,212.41)
Add: Opening balance of Cash and Cash Equivalents 34,603,944,429.20 35,024,837,878.31
VI. Closing Balance of Cash and Cash Equivalents 34,117,095,825.03 31,950,629,665.90
Legal Representative: Chen Zongnian Person in Charge of the Accounting work: Jin Yan
Person in Charge of Accounting Institution: Zhan Junhua
2. Audit Report
Whether audit has been performed on this 2022 1st Quarter Report
□ Yes √ No
The Company’s 2022 1st Quarter report has not been audited
HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD.
Board of Directors
April 16th 2022
Note:
This document is a translated version of the Chinese version 2022 1st Quarter Report (“2022 年第一季度报告”),
and the published announcements in the Chinese version shall prevail. The complete published Chinese 2022 1st
Quarter Report may be obtained at www.cninfo.com.cn.
