海康威视2026年三季报：前三季营收740亿元增12.6%、归母净利129亿元增38.6%，Q3单季净利增37.0%

Hikvision 2026 Q3 Report

Stock Exchange Code：002415
No：2026-029

Abbreviation of Securities：Hikvision

Hangzhou Hikvision Digital Technology Co., Ltd.
2026 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, directors, 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 financial accounting report has been audited
□Yes √ No

Hikvision 2026 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
YoY Change between 2026 Q3

2026 Q3
Revenue (RMB)

YoY Change between 2026

2026 Q1~Q3

and 2025 Q3

Q1~Q3 and 2025 Q1~Q3

27,221,794,841.81

13.71%

74,044,332,688.88

12.60%

5,015,680,795.76

36.97%

12,911,386,245.87

38.55%

4,983,679,645.18

43.13%

12,695,628,331.08

41.52%

7,213,412,301.86

-47.34%

Net profit attributable to shareholders of the
Company (RMB)
Net profit attributable to shareholders of the
Company excluding non-recurring gains and
losses (RMB)
Net cash flows from operating activities (RMB)

—

—

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%

On September 30, 2026
Total assets (RMB)
Net assets attributable to shareholders of the
Company (RMB)

On December 31, 2025

Change(%) between December 31, 2025 and
September 30, 2026

141,391,040,510.18

138,049,655,334.62

2.42%

84,274,813,591.35

83,348,185,885.62

1.11%

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

2. Items and Amounts of Non-recurring Gains and Losses
√ Applicable □ Inapplicable
Unit：RMB
Item

Profit or loss from disposal of non-current assets (including the
write-off for the impairment provision of assets)

Amount occurred in the current

January 1, 2026–

reporting period (2026 Q3)

September 30, 2026

159,487.61

76,385.49

34,025,554.55

163,526,815.55

4,098,647.61

71,236,875.51

-180,358.83

18,342,623.28

10,139,949.99

49,784,753.75

10,615,800.05

46,222,066.97

5,626,330.30

40,987,471.82

32,001,150.58

215,757,914.79

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
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
well as the gains or losses from the disposal of these financial
assets and liabilities.
Profit or loss on debt restructuring
Other non-operating income and expenditures except the items
mentioned above
Less: Impact of income tax
Impact of the minority interests (after tax)
Total

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 <Explanatory Announcement No. 1
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 <Explanatory Announcement
No. 1 on Information Disclosure for Companies Offering Their Securities to the Public—Non-recurring Gains and
Losses> as recurring gain/loss item.
3. Information and Explanation about Variations in Key Accounting Data and Financial Indicators

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

41.52% same period last year.

12,695,628,331.08

8,970,971,794.87

1.409

1.014

38.95%

1.409

1.014

38.95%

non-recurring gains and
losses (RMB)
Basic earnings per share
(RMB/share)
Diluted earnings per
share (RMB/share)
Net cash flows from

Mainly due to the increase in net
profit attributable to shareholders
of the Company compared to the
same period last year.
Mainly due to increased

operating activities

7,213,412,301.86

13,697,028,509.05

-47.34% procurement and inventory
expenditure.

（RMB）

II. The Use of Raised Funds
□ Applicable √ Inapplicable
The Company did not use any raised funds during the reporting period.

III. Shareholder Information
1. Total Number of Common Shareholders and 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 period

Total number of preferred shareholders (if any)
345,842 whose voting rights have been recovered at the end

0

of the reporting period

Particulars about top 10 shareholders (Excludes shares lent through refinancing)

Name of shareholder

Nature of
shareholder

Domestic
China Electronics Technology HIK Group Co.,
State-owned
Ltd.
corporation
Overseas
Gong Hongjia
individual
Hangzhou Weixun Equity Investment
Domestic
Partnership (Limited Partnership)
non-state-owne

Share-holdin
g percentage
(%)

The number
Total shares of common
held at the shares held
period-end with trading
restrictions

Pledged, marked or
frozen
Status

Amount

37.28% 3,416,996,509

-

10.50%

962,504,814

- Pledged 266,950,000

4.92%

450,795,176

- Pledged

6,000,000

Hikvision 2026 Q3 Report
d
corporation
Domestic
CETC Investment Holdings Co., Ltd.
State-owned
corporation
Domestic
Hangzhou Pukang Equity Investment
non-state-owne
Partnership (Limited Partnership)
d
corporation
Domestic
The 52nd Research Institute at China Electronics
State-owned
Technology Group Co. Ltd.
corporation
Domestic
Hu Yangzhong
Individual
China Life Insurance Co., Ltd. - Traditional Other
Ordinary Insurance Product - 005L-CT001 SH
Shanghai Perseverance Asset Management
Partnership (Limited Partnership) Other
Perseverance Adjacent Mountain 1 Yuanwang
Fund
Overseas
Hong Kong Central Clearing Co. Ltd.
corporation

2.71%

248,366,268

-

-

-

1.99%

182,510,174

- Pledged

54,760,000

1.97%

180,775,044

- Pledged

90,000,000

1.70%

155,996,477 116,997,358

-

-

1.39%

127,584,360

-

-

-

0.84%

77,000,000

-

-

-

0.83%

76,362,573

-

-

-

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)
Name of shareholder
China Electronics Technology HIK Group Co.,
Ltd.
Gong Hongjia
Hangzhou Weixun Equity Investment
Partnership (Limited Partnership)
CETC Investment Holdings Co., Ltd
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

Number of common shares
without trading restrictions
held at the period-end

Type and number of shares
Type

Number

3,416,996,509

RMB common shares

3,416,996,509

962,504,814

RMB common shares

962,504,814

450,795,176

RMB common shares

450,795,176

248,366,268

RMB common shares

248,366,268

182,510,174

RMB common shares

182,510,174

180,775,044

RMB common shares

180,775,044

127,584,360

RMB common shares

127,584,360

77,000,000

RMB common shares

77,000,000

76,362,573

RMB common shares

76,362,573

61,821,071

RMB common shares

61,821,071

Shanghai Perseverance Asset Management
Partnership (Limited Partnership) Perseverance Adjacent Mountain 1 Yuanwang
Fund
Hong Kong Central Clearing Co. Ltd.
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
2. Total Number of Preferred Shareholders and Information about Top 10 Preferred Shareholders
□ Applicable √ Inapplicable

IV. Other Significant Events
□Applicable √Inapplicable

Hikvision 2026 Q3 Report

V. Quarterly Financial Reports
1. Financial Statements
1.1 Consolidated balance sheet
Unit: RMB
Item

September 30, 2026

December 31, 2025

Current Assets:
37,083,532,987.38

46,508,328,658.44

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

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

2,979,517,240.29

1,251,688,100.54

109,725,783,111.39

106,408,460,502.92

161,685,427.87

225,857,779.77

1,566,986,324.01

1,669,074,600.75

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

3,111,656,466.64

2,685,866,236.94

4,360,207.36

11,299,401.25

563,915,511.73

783,778,534.95

21,161,507,372.33

19,843,949,575.87

Cash and bank balances
Derivative financial assets

Inventories

Other current assets
Total Current Assets
Non-current Assets:
Long-term receivables
Long-term equity investment
Other non-current financial assets

Current Liabilities:
Short-term borrowings
Derivative financial liabilities
Notes payable
Accounts payable

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

19,272,333.21

27,964,450.23

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

Long-term borrowings

864,920,073.94

1,210,564,814.39

Lease liabilities

313,976,611.51

299,390,966.16

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

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

84,274,813,591.35

83,348,185,885.62

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

Including: dividends payable
Non-current liabilities due within one year

Non-current Liabilities:

Long-term payables

Owners’ Equity

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
1.2 Consolidated income statement from the beginning of the year to the end of the reporting period
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

37,296,459,322.48

35,925,957,434.61

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

2,067,807,246.50

2,077,470,226.71

772,713,474.59

142,210,131.47

710,608,634.70

171,642,463.57

-

89,740.00

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)

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

16,876,146,932.64

11,659,564,546.21

2,162,263,053.19

1,405,797,200.10

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

12,911,386,245.87

9,319,124,728.48

(b) Profit or loss attributable to minority
shareholders

1,802,497,633.58

934,642,617.63

Less: Cost of sales and services
Business taxes and surcharges

Add: Other income
Investment income (loss"-")
Including: Investment gains (losses) in
associated enterprise and joint-venture
enterprise
Gains on derecognition of financial assets
measured at amortized cost
Gains (loss"-") from changes in fair values

Asset disposal income (loss"-")

IV. Total Profit (loss"-")
Less: Income tax expenses
V. Net Profit (loss"-")
5.1 Classification by operation continuity

5.2 Classification by attribution of ownership

Hikvision 2026 Q3 Report
Item

2026 Q1~Q3

VI. Other Comprehensive Income, Net of Income
Tax
Other comprehensive income attributable to
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 periods
1. Exchange differences arising on conversion
of financial statements denominated in
foreign currencies
Other comprehensive income attributable to
minority interests, net of tax

2025 Q1~Q3

(150,363,152.91)

213,152,756.92

(98,934,188.93)

139,659,957.61

-

-

(98,934,188.93)

139,659,957.61

(98,934,188.93)

139,659,957.61

(51,428,963.98)

73,492,799.31

14,563,520,726.54

10,466,920,103.03

12,812,452,056.94

9,458,784,686.09

1,751,068,669.60

1,008,135,416.94

(I) Basic earnings per share

1.409

1.014

(II) Diluted earnings per share

1.409

1.014

VII. Total Comprehensive Income
Total comprehensive income attributable to
owners of the parent company
Total comprehensive income attributable to
minority shareholders
VIII. Earnings Per Share

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
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

7,213,412,301.86

13,697,028,509.05

11,787,927,956.10

3,485,922,506.33

868,483,095.83

94,952,951.57

Net Cash Flows from Operating Activities
II. Cash Flows from Investing Activities:
Cash receipts from recovery of investments
Cash receipts from investment income

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

29,332,415.76

116,817,690.29

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

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

2,232,313,718.70

3,084,953,932.55

Sub-total of cash outflows from investing activities

14,098,026,878.92

6,611,730,867.39

(1,375,805,255.47)

(2,830,713,175.49)

2,577,517,277.08

2,958,594,145.25

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

12,352,346,973.98

8,446,049,990.60

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

(15,210,854,491.69)

(10,592,827,103.72)

IV. Effect of Foreign Exchange Rate Changes on Cash and
Cash Equivalents

(229,706,797.44)

47,525,893.69

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

36,601,384,451.69

36,374,056,503.82

Cash paid to acquire investments

Net Cash Flows from Investing Activities
III. Cash Flows from Financing Activities:
Cash receipts from borrowings
Sub-total of cash inflows from financing activities

Net Cash Flows from Financing Activities

VI. Closing Balance of Cash and Cash Equivalents
Legal Representative: Hu Yangzhong
Person in Charge of the Accounting work: Jin Yan
Person in Charge of Accounting Institution: Zhan Junhua

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 2026.
□Applicable √Inapplicable

3. Audit Report
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.