Hikvision Reports Flat Growth Improving Margins With Net Growth Up 18.52 Per Cent.
Hikvision Reports Flat Growth Improving Margins – Hikvision has reported flat top-line growth for FY2025, with total revenue of RMB 92.51 billion (USD 12.95 billion), up just 0.01 per cent year-on-year. However, net profit rose much more strongly to RMB 14.20 billion (USD 1.99 billion), an increase of 18.52 per cent.
The trend continued into 2026, with first quarter revenue reaching RMB 20.72 billion (USD 2.90 billion), up 11.78 per cent year-on-year, and net profit climbing strongly to 36.42 per cent to RMB 2.78 billion (USD 0.39 billion). Gross margin also lifted to 49.09 per cent, up more than 4 percentage points.
Geographically, growth is being driven outside China. Overseas revenue reached RMB 27.22 billion (USD 3.81 billion) in 2025, accounting for 29.42 per cent of total turnover, with emerging markets identified as delivering the strongest and most consistent gains.
At a product level, Hikvision is continuing to shift beyond its traditional video base. Non-video categories, including access control, alarm systems and commercial display, are growing at a faster rate and are being positioned as a key revenue driver. The company’s innovative business segment contributed RMB 25.45 billion (USD 3.56 billion), representing 27.51 per cent of total revenue, underlining that diversification push.
AI remains central to the forward strategy – Hikvision was a pioneer in this area as SEN discovered during a visit to China back in 2019. The company is investing heavily in its AIoT platform, with its Guanlan large-scale AI models combining vision, language and multimodal capabilities across applications. The goal is practical gains, including significant improvements in detection accuracy in industrial and inspection environments.
These AI capabilities are being deployed into vertical-specific models across sectors such as manufacturing, logistics and environmental management, signalling where Hikvision sees future growth coming from — not just security, but broader data-driven operational systems.
Investment in R&D remains high, with RMB 11.75 billion (USD 1.65 billion) spent in 2025, representing 12.7 per cent of revenue. Over 6 years, R&D investment has exceeded $USD8 billion, supporting a growing patent portfolio that now stands at nearly 13,000 globally.
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“Hikvision Reports Flat Growth Improving Margins With Net Growth Up 18.52 Per Cent.”
