Hikvision 2026 Q3 Report
Stock Exchange Code：002415 Abbreviation of Securities：Hikvision
No：2026-029
Hangzhou Hikvision Digital Technology Co., Ltd.
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:
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.
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.
□Yes √ No
Hikvision 2026 Q3 Report
I. Key Financial Data
Whether the Company performed a retroactive adjustment or restatement of the previous accounting data
□ Yes √ No
YoY Change between 2026 Q3 YoY Change between 2026
and 2025 Q3 Q1~Q3 and 2025 Q1~Q3
Revenue (RMB) 27,221,794,841.81 13.71% 74,044,332,688.88 12.60%
Net profit attributable to shareholders of the
Company (RMB)
Net profit attributable to shareholders of the
Company excluding non-recurring gains and 4,983,679,645.18 43.13% 12,695,628,331.08 41.52%
losses (RMB)
Net cash flows from operating activities (RMB) — — 7,213,412,301.86 -47.34%
Basic earnings per share (RMB/share) 0.547 37.09% 1.409 38.95%
Diluted earnings per share (RMB/share) 0.547 37.09% 1.409 38.95%
Weighted average ROE 5.89% 1.33% 14.99% 3.56%
Change(%) between December 31, 2025 and
On September 30, 2026 On December 31, 2025
September 30, 2026
Total assets (RMB) 141,391,040,510.18 138,049,655,334.62 2.42%
Net assets attributable to shareholders of the
Company (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) 9,164,871,550
Fully diluted earnings per share calculated using the latest share capital:
Fully diluted earnings per share (RMB/share) calculated with the latest share capital 1.409
Hikvision 2026 Q3 Report
√ Applicable □ Inapplicable
Unit：RMB
Item Amount occurred in the current January 1, 2026–
reporting period (2026 Q3) September 30, 2026
Profit or loss from disposal of non-current assets (including the
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 on 34,025,554.55 163,526,815.55
standard quota or quantitative continuous application according to
the state industrial policy)
Apart from the effective hedging activities related to the Company's
normal business operations, the fair value changes in financial
assets and financial liabilities held by non-financial enterprises, as 4,098,647.61 71,236,875.51
well as the gains or losses from the disposal of these financial
assets and liabilities.
Profit or loss on debt restructuring -180,358.83 18,342,623.28
Other non-operating income and expenditures except the items
mentioned above
Less: Impact of income tax 10,615,800.05 46,222,066.97
Impact of the minority interests (after tax) 5,626,330.30 40,987,471.82
Total 32,001,150.58 215,757,914.79
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
on Information Disclosure for Companies Offering Their Securities to the Public—Non-recurring Gains and
Losses> as recurring gain/loss item.
□ Applicable √ Inapplicable
The Company does not classify any non-recurring gain/loss item mentioned in the
No. 1 on Information Disclosure for Companies Offering Their Securities to the Public—Non-recurring Gains and
Losses> as recurring gain/loss item.
Hikvision 2026 Q3 Report
√Applicable □Inapplicable
Item 2026 Q1 ~ 2026 Q3 2025 Q1 ~ 2025 Q3 YoY Change Note of changes
Net profits attributable
to shareholders of the 12,911,386,245.87 9,319,124,728.48 38.55%
Company (RMB) Mainly due to year-on-year growth
Net profits attributable in revenue and an increase in gross
to shareholders of the profit margin compared to the
Company excluding 12,695,628,331.08 8,970,971,794.87 41.52% same period last year.
non-recurring gains and
losses (RMB)
Basic earnings per share Mainly due to the increase in net
(RMB/share) profit attributable to shareholders
Diluted earnings per of the Company compared to the
share (RMB/share) same period last year.
Net cash flows from Mainly due to increased
operating activities 7,213,412,301.86 13,697,028,509.05 -47.34% procurement and inventory
（RMB） expenditure.
II. The Use of Raised Funds
□ Applicable √ Inapplicable
The Company did not use any raised funds during the reporting period.
III. Shareholder Information
Information about Top 10 Shareholders
Unit: Share
Total number of preferred shareholders (if any)
Total number of common shareholders at the
end of the reporting period
of the reporting period
Particulars about top 10 shareholders (Excludes shares lent through refinancing)
The number Pledged, marked or
Share-holdin Total shares of common frozen
Nature of
Name of shareholder g percentage held at the shares held
shareholder
(%) period-end with trading Status Amount
restrictions
Domestic
China Electronics Technology HIK Group Co.,
State-owned 37.28% 3,416,996,509 -
Ltd.
corporation
Overseas
Gong Hongjia 10.50% 962,504,814 - Pledged 266,950,000
individual
Hangzhou Weixun Equity Investment Domestic
Partnership (Limited Partnership) non-state-owne
Hikvision 2026 Q3 Report
d
corporation
Domestic
CETC Investment Holdings Co., Ltd. State-owned 2.71% 248,366,268 - - -
corporation
Domestic
Hangzhou Pukang Equity Investment non-state-owne
Partnership (Limited Partnership) d
corporation
Domestic
The 52nd Research Institute at China Electronics
State-owned 1.97% 180,775,044 - Pledged 90,000,000
Technology Group Co. Ltd.
corporation
Domestic
Hu Yangzhong 1.70% 155,996,477 116,997,358 - -
Individual
China Life Insurance Co., Ltd. - Traditional -
Other 1.39% 127,584,360 - - -
Ordinary Insurance Product - 005L-CT001 SH
Shanghai Perseverance Asset Management
Partnership (Limited Partnership) -
Other 0.84% 77,000,000 - - -
Perseverance Adjacent Mountain 1 Yuanwang
Fund
Overseas
Hong Kong Central Clearing Co. Ltd. 0.83% 76,362,573 - - -
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 and number of shares
Name of shareholder without trading restrictions
held at the period-end Type Number
China Electronics Technology HIK Group Co.,
Ltd.
Gong Hongjia 962,504,814 RMB common shares 962,504,814
Hangzhou Weixun Equity Investment
Partnership (Limited Partnership)
CETC Investment Holdings Co., Ltd 248,366,268 RMB common shares 248,366,268
Hangzhou Pukang Equity Investment
Partnership (Limited Partnership)
The 52nd Research Institute at China Electronics
Technology Group Co. Ltd
China Life Insurance Co., Ltd. - Traditional -
Ordinary Insurance Product - 005L-CT001 SH
Shanghai Perseverance Asset Management
Partnership (Limited Partnership) -
Perseverance Adjacent Mountain 1 Yuanwang
Fund
Hong Kong Central Clearing Co. Ltd. 76,362,573 RMB common shares 76,362,573
Shanghai Chongyang Strategic Investment Co.,
Ltd. - Chongyang Strategic Intelligence Fund
In the aforementioned shareholders, China Electronics Technology HIK Group Co.,
Explanation on associated relationship and Ltd., CETC Investment Holdings Co., Ltd., and The 52nd Research Institute at
concerted actions among above shareholders China Electronics Technology Group Co., Ltd. are acting in concert. Mr. Gong
Hongjia, and Hangzhou Pukang Equity Investment Partnership (Limited
Hikvision 2026 Q3 Report
Partnership) are acting in concert. Hu Yangzhong and Hangzhou Weixun Equity
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
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
□ Applicable √ Inapplicable
IV. Other Significant Events
□Applicable √Inapplicable
Hikvision 2026 Q3 Report
V. Quarterly Financial Reports
Unit: RMB
Item September 30, 2026 December 31, 2025
Current Assets:
Cash and bank balances 37,083,532,987.38 46,508,328,658.44
Derivative financial assets 29,129,845.54 4,792,243.40
Notes receivable 2,762,472,687.58 3,051,356,562.64
Accounts receivable 28,366,330,714.39 29,812,378,945.77
Receivables for financing 2,424,159,625.91 2,430,030,662.65
Prepayments 880,956,917.04 856,749,328.34
Other receivables 496,244,566.85 442,502,788.34
Inventories 33,334,042,945.46 20,472,193,858.80
Contract assets 966,541,219.01 974,450,159.71
Non-current assets due within one year 402,854,361.94 603,989,194.29
Other current assets 2,979,517,240.29 1,251,688,100.54
Total Current Assets 109,725,783,111.39 106,408,460,502.92
Non-current Assets:
Long-term receivables 161,685,427.87 225,857,779.77
Long-term equity investment 1,566,986,324.01 1,669,074,600.75
Other non-current financial assets 672,806,550.52 589,955,315.74
Fixed assets 19,780,461,334.73 20,176,914,451.95
Construction in progress 2,241,414,829.98 1,914,110,895.67
Right-of-use assets 495,322,919.16 442,495,841.87
Intangible assets 1,772,786,002.11 1,830,074,205.02
Goodwill 307,081,066.52 311,187,727.01
Long-term deferred expenses 123,432,964.86 148,029,527.26
Deferred tax assets 2,698,039,565.65 2,435,622,521.84
Other non-current assets 1,845,240,413.38 1,897,871,964.82
Total Non-current Assets 31,665,257,398.79 31,641,194,831.70
Total Assets 141,391,040,510.18 138,049,655,334.62
Current Liabilities:
Short-term borrowings 3,111,656,466.64 2,685,866,236.94
Derivative financial liabilities 4,360,207.36 11,299,401.25
Notes payable 563,915,511.73 783,778,534.95
Accounts payable 21,161,507,372.33 19,843,949,575.87
Hikvision 2026 Q3 Report
Item September 30, 2026 December 31, 2025
Contract liabilities 5,274,420,860.66 4,200,490,873.07
Payroll payable 7,154,850,433.10 6,937,517,142.35
Taxes payable 2,899,012,541.04 1,794,091,503.07
Other payables 3,220,932,723.26 3,384,020,094.93
Including: dividends payable 19,272,333.21 27,964,450.23
Non-current liabilities due within one year 1,090,536,778.14 3,939,271,129.61
Other current liabilities 811,638,017.51 415,430,882.40
Total Current Liabilities 45,292,830,911.77 43,995,715,374.44
Non-current Liabilities:
Long-term borrowings 864,920,073.94 1,210,564,814.39
Lease liabilities 313,976,611.51 299,390,966.16
Long-term payables 9,749,569.60 9,749,569.60
Provisions 109,204,101.28 118,435,375.21
Deferred income 874,460,553.71 863,263,662.53
Deferred tax liabilities 97,838,538.26 114,583,208.90
Other non-current liabilities 282,217,254.55 221,089,008.80
Total Non-current liabilities 2,552,366,702.85 2,837,076,605.59
Total Liabilities 47,845,197,614.62 46,832,791,980.03
Owners’ Equity
Share capital 9,164,871,550.00 9,164,871,550.00
Capital reserves 4,413,883,143.01 4,385,374,479.22
Other comprehensive income (75,549,372.10) 23,384,816.83
Surplus reserves 4,715,460,312.00 4,715,460,312.00
Retained earnings 66,056,147,958.44 65,059,094,727.57
Total owners' equity attributable to owner of
the Company
Minority equity 9,271,029,304.21 7,868,677,468.97
Total Owners' Equity 93,545,842,895.56 91,216,863,354.59
Total Liabilities and Owners' Equity 141,391,040,510.18 138,049,655,334.62
Legal Representative: Hu Yangzhong
Person in Charge of the Accounting work: Jin Yan
Person in Charge of Accounting Institution: Zhan Junhua
Hikvision 2026 Q3 Report
Unit: RMB
Item 2026 Q1~Q3 2025 Q1~Q3
I. Revenue 74,044,332,688.88 65,757,782,457.01
II．Total Operating Costs 59,188,922,629.18 55,686,958,076.14
Less: Cost of sales and services 37,296,459,322.48 35,925,957,434.61
Business taxes and surcharges 650,724,444.39 580,526,397.79
Selling expenses 9,015,091,949.96 8,848,755,711.92
Administrative expenses 2,369,513,819.17 2,228,082,915.85
Research and development (R&D) expenses 9,346,283,132.75 8,738,019,947.93
Financial expenses 510,849,960.43 (634,384,331.96)
Including：Interest expenses 116,685,989.12 153,576,328.82
Interest income 470,269,397.35 392,986,285.68
Add: Other income 2,067,807,246.50 2,077,470,226.71
Investment income (loss"-") 772,713,474.59 142,210,131.47
Including: Investment gains (losses) in
associated enterprise and joint-venture 710,608,634.70 171,642,463.57
enterprise
Gains on derecognition of financial assets
- 89,740.00
measured at amortized cost
Gains (loss"-") from changes in fair values 44,053,287.73 (26,762,278.99)
Credit impairment losses ("-") (572,260,387.91) (346,820,752.43)
Impairment losses ("-") of assets (336,617,774.63) (318,298,549.51)
Asset disposal income (loss"-") 718,740.45 19,524,387.58
III. Operating Profit (loss"-") 16,831,824,646.43 11,618,147,545.70
Add: Non-operating income 72,225,953.24 53,542,089.72
Less: Non-operating expenses 27,903,667.03 12,125,089.21
IV. Total Profit (loss"-") 16,876,146,932.64 11,659,564,546.21
Less: Income tax expenses 2,162,263,053.19 1,405,797,200.10
V. Net Profit (loss"-") 14,713,883,879.45 10,253,767,346.11
(a) Net profit (loss) on continuous operation 14,713,883,879.45 10,253,767,346.11
(b) Net profit (loss) on terminated operation - -
(a) Net profit attributable to owners of
parent company
(b) Profit or loss attributable to minority
shareholders
Hikvision 2026 Q3 Report
Item 2026 Q1~Q3 2025 Q1~Q3
VI. Other Comprehensive Income, Net of Income
(150,363,152.91) 213,152,756.92
Tax
Other comprehensive income attributable to
(98,934,188.93) 139,659,957.61
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
(98,934,188.93) 139,659,957.61
reclassified to profit or loss in subsequent periods
of financial statements denominated in (98,934,188.93) 139,659,957.61
foreign currencies
Other comprehensive income attributable to
(51,428,963.98) 73,492,799.31
minority interests, net of tax
VII. Total Comprehensive Income 14,563,520,726.54 10,466,920,103.03
Total comprehensive income attributable to
owners of the parent company
Total comprehensive income attributable to
minority shareholders
VIII. Earnings Per Share
(I) Basic earnings per share 1.409 1.014
(II) Diluted earnings per share 1.409 1.014
Legal Representative: Hu Yangzhong
Person in Charge of the Accounting work: Jin Yan
Person in Charge of Accounting Institution: Zhan Junhua
Unit: RMB
Item 2026 Q1~Q3 2025 Q1~Q3
I. Cash Flows from Operating Activities:
Cash received from sale of goods or rendering of services 83,576,384,345.09 78,369,270,196.90
Receipts of tax refunds 4,079,167,094.43 3,236,882,063.37
Other cash receipts relating to operating activities 1,104,760,791.75 1,186,697,756.92
Sub-total of cash inflows from operating activities 88,760,312,231.27 82,792,850,017.19
Cash payments for goods purchased and services received 53,956,517,437.52 43,989,344,135.13
Cash paid to and on behalf of employees 15,871,601,533.09 15,020,772,578.45
Payments of various types of taxes 6,226,510,841.24 4,871,467,136.41
Other cash payments relating to operating activities 5,492,270,117.56 5,214,237,658.15
Sub-total of cash outflows from operating activities 81,546,899,929.41 69,095,821,508.14
Net Cash Flows from Operating Activities 7,213,412,301.86 13,697,028,509.05
II. Cash Flows from Investing Activities:
Cash receipts from recovery of investments 11,787,927,956.10 3,485,922,506.33
Cash receipts from investment income 868,483,095.83 94,952,951.57
Hikvision 2026 Q3 Report
Item 2026 Q1~Q3 2025 Q1~Q3
Net cash receipts from disposals of fixed assets, intangible
assets and other long-term assets
Other cash receipts relating to investing activities 36,478,155.76 83,324,543.71
Sub-total of cash inflows from investing activities 12,722,221,623.45 3,781,017,691.90
Cash paid to acquire investments 11,865,713,160.22 3,526,776,934.84
Cash payments to acquire or construct fixed assets,
intangible assets and other long-term assets
Sub-total of cash outflows from investing activities 14,098,026,878.92 6,611,730,867.39
Net Cash Flows from Investing Activities (1,375,805,255.47) (2,830,713,175.49)
III. Cash Flows from Financing Activities:
Cash receipts from borrowings 2,577,517,277.08 2,958,594,145.25
Sub-total of cash inflows from financing activities 2,577,517,277.08 2,958,594,145.25
Cash repayments of borrowings 5,189,960,000.00 3,214,101,612.10
Cash payments for distribution of dividends or profits or
settlement of interest expenses
Other cash payments relating to financing activities 246,064,794.79 1,891,269,646.27
Sub-total of cash outflows from financing activities 17,788,371,768.77 13,551,421,248.97
Net Cash Flows from Financing Activities (15,210,854,491.69) (10,592,827,103.72)
IV. Effect of Foreign Exchange Rate Changes on Cash and
(229,706,797.44) 47,525,893.69
Cash Equivalents
V. Net Increase (Decrease) in Cash and Cash Equivalents (9,602,954,242.74) 321,014,123.53
Add: Opening balance of Cash and Cash Equivalents 46,204,338,694.43 36,053,042,380.29
VI. Closing Balance of Cash and Cash Equivalents 36,601,384,451.69 36,374,056,503.82
Legal Representative: Hu Yangzhong
Person in Charge of the Accounting work: Jin Yan
Person in Charge of Accounting Institution: Zhan Junhua
accounting standards or interpretation of standards since 2026.
□Applicable √Inapplicable
Whether audit has been performed on the 2026 3rd quarter financial report
□ Yes √ No
The Company’s 2026 3rd quarter financial report has not been audited.
Hikvision 2026 Q3 Report
HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD.
Board of Directors
October 17, 2026
Note:
This document is a translated version of the Chinese version 2026 3rd Quarter Report (“2026 年第三季度报告”),
and the published announcements in the Chinese version shall prevail. The complete published Chinese 2026 3rd
Quarter Report may be obtained at www.cninfo.com.cn.
