The net profit drop for the first time, the performance of Hikvision is under pressure, and the innovation business will become a breakthrough.

Text/Yang Jianyong

In the first half of 2022, Hikvision's revenue was 37.258 billion yuan, an increase of 9.9%year -on -year. It should be pointed out that the main business growth is weak. In the first half of the year, the main operating product and service revenue was 29.37 billion yuan, a slight increase of 5.21%year -on -year. However, the performance of innovation business was bright, an increase of 25.62%year -on -year to 7.08 billion yuan, accounting for 18.8%of the total revenue, thereby driving the overall revenue to maintain positive growth pattern. Unfortunately, net profit fell 11.14%to 5.759 billion yuan.

The gross profit margin of the entire line has declined year -on -year, resulting in the first decline in the net profit of the central report

Net profit has declined year -on -year, this is the first time since the launch of Hikvision. As a result, this situation is mainly because the gross profit margin of each product and domestic and overseas revenue has declined year -on -year, which leads to a decrease of 3.16%year -on -year, and the main business is facing a situation of weak growth. In the first half of 2022, the three BG revenue and a total of 22.92 billion yuan, a year -on -year increase of 1.58%. The domestic market was impacted by the cities in April, April, and May, which had a direct impact on the business and resumed in June. Among them, the PBG of the public service group realized revenue of 6.975 billion yuan, a year -on -year decrease of 1.40%. Hikvision pointed out that during the public service market, more local governments during the epidemic period will mainly invest in the prevention and control of the epidemic, and the project is slower.

The three major sections and the revenue of the public service business group declined year -on -year, showing that the industry's competitive pressure was huge. Among them, the pressure brought by competition first impacts the gross profit margin. Hikvision said at the performance briefing. The gross profit margin in the first half of the year was 43.14%, a decrease of 3.16 percentage points from the same period last year. On the one hand, due to the high base of the gross margin in 2021 and the price increase, the competition atmosphere is slightly heating up in an environment where the impact of the epidemic is impact and demand is weak. Judging from the current competitive pattern, we believe that the level of gross profit will float, but there will be no great fluctuations.

At the same time, on the track of Hikvision, there are not only traditional security manufacturers such as Dahua Co., Ltd., but also technology giants such as Huawei and Baidu. Waiting for the AI ​​unicorn, they set up from finance, retail, supply chain, and some public places such as stations and airports to make a segmentation scenario, which makes the industry's competitive environment more severe. In particular, Huawei is fierce. Previously, it was said that it would be second in three years and the first in the industry within five years.

Machine vision technology is widely used by various industries through ecological partners. At the level of architecture, Huawei's machine vision launches the "Good Hope AI architecture" of the entire scenes of the end -side cloud products to create standards, openness, and collaborative full scenes to achieve rapid development of algorithm models, flexibly deployment of end -edge clouds, and efficient reasoning. For the AI ​​unicorn, Shang Tang and Nagani lead the domestic machine vision market. According to the market share of computer vision application released by IDC, Shangtang and Viewing market share is higher than traditional manufacturers such as Hikvision and Dahua.

In the scene of Shangtang AI, smart business and smart cities have been strong. As of the end of 2021, a total of 140 cities have deployed the city's Ark of Shangtang Sensefoundry, an increase of 48%compared to the end of 2020. In addition, the number of AI models equipped with urban rafting increased to 22,400, an increase of 156%compared to the end of 2020. By building a new ecology of the AIOT, it is driven to drive companies to better implement digital transformation. From the perspective of vividness, as an AI company from the algorithm, wealthy products based on the algorithm, including smart components, smart items to soft and hard -to -hard product groups, different ecological partners will look at Components, single products and product families are packaged in their solutions, so as to serve end users in different industries.

The performance growth is weak, and the innovation business will make Haikangwei a breakthrough.

It is worth mentioning that in the past ten years, Hikvision's revenue has shown a strong growth trend. Since its listing in 2010, Hikvision's revenue has increased from 3.605 billion yuan to 81.42 billion yuan in 2021. The revenue scale has expanded by 22 times, and the annual compound growth rate has reached 32.61%. Looking at the entire market, in the past ten years, the annual compound growth rate of Hikvision is rare. This is a bonus for the development of the Internet of Things industry, bringing strong performance toughness.

According to the survey data released by IDC, in 2021, the global IoT (enterprise) expenditure reached US $ 690.2 billion, and it was expected to increase to $ 1.1 trillion in 2026, while the size of my country's enterprise -level IoT market will reach 2026 will reach 2026 to reach reaching 2026 $ 294 billion is the world's largest IoT market. As a traditional security giant, Hikvision, who has been actively transformed to the Internet of Things for many years, has harvested the IoT dividend in the past few years. It has changed from the past "video products and video services" to "smart property products and services".

In their opinion, after more than 20 years of development, the Internet of Things has formed an intelligent federation with intelligent integration applications. Faced with the wave of intelligent Internet of Things, Hikvision, with its accumulation in many technological fields and deep cultivation of the industry market, claimed to seize the opportunity of the rapid development of smart IoT. With the development of the Intelligent Internet of Things, Hikvision is committed to serving IoT perception, artificial intelligence, and big data technology to Qianxing and Baiba, and expands from comprehensive security to smart homes, digital enterprises, smart industries and smart cities to help all circles from all walks of life Digital transformation and upgrading, empowering digital transformation of the whole society. IDC pointed out in the report that the video security market with a video surveillance system as the core is being transformed into video Union. Among them, the rapid development of innovation business is becoming an important support for the growth of video security enterprises. Data show that the growth of products and plans, engineering and innovative products of video security enterprises in 2021 was 19.1%, 23.6%, and 113.3%, respectively. Innovative products are an important strategic deployment of various video security enterprises to the video IoT. It mainly provides new video products such as consumer products, thermal imaging, automotive electronics, drones, robots, security products, medical vision products, fire products, etc. Essence

The rapid development of Hikvision's entrepreneurial business has officially catered to this market development trend. The financial report shows that its robots, thermal imaging, and other innovation businesses (mainly including products and services such as Haikang Ruiying and Haikang Huiying) show a high -speed growth trend. Due to the good development momentum of innovation business, the innovative business spin -up independent listing, including the fluorite network of the smart home sector, has submitted an application for listing of the Science and Technology Board, and has passed the meeting. It is now in the registration stage. According to previous documents, fluorite plans to raise 3.7385 billion funds to continue to increase smart homes.

In addition, Hikvision will also split Hikannia robot to the GEM to go public. In the plan, it is pointed out that this spin -off can make full use of the favorable timing of the capital market and the strong support of policies. By splitting the subsidiaries Haikang Robotics independently, it is necessary for the R & D investment and production and operation of its machine vision and mobile robot business. Funding can not only promote the rapid improvement of the technical level of Haikang Robot and the stable expansion of business scale, but also continue to bring stable investment returns to the majority of shareholders of Hikvision, which is conducive to promoting Hikvision to make strong and high quality Important measures for development.

at last

Under the promotion of new technologies such as artificial intelligence, the Internet of Things, and edge intelligence, information technology has entered the era of intelligent IoT AIOT. As a traditional security giant, Hikvision is now officially positioned into a smart matter AIOT company to serve thousands of industries Digital application landing. Of course, under the layout of Da'an's defense, and actively incubate innovative enterprises, extend the accumulated technology to more scenarios and fields. It is just that the innovative business of high -speed development is stripped, split, and intelligent security. With more and more players pouring into this track, the competition is increasing. Essence

Yang Jianyong, a Forbes Chinese writer, is committed to in -depth interpretation of cutting -edge technologies such as the Internet of Things, cloud services and artificial intelligence.

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