Hikvision - Asia Tech Wire

Hikvision

2024.12.28

19:14

Agency: China's online sales of surveillance cameras reached 2.41 million units in November, an increase of 11.1% year-on-year

According to a report released by Luotu Technology, in November 2024, the sales volume of China's online surveillance camera market (excluding Pinduoduo and Kuaishou) was 2.41 million units, a year-on-year increase of 11.1% and a month-on-month increase of 0.9%; the sales amount was 550 million yuan, a year-on-year increase of 18.6% and a month-on-month increase of 3.1%. Among them, Xiaomi, EZVIZ, Joan, Hikvision, TP-Link, and Haiqiao have firmly occupied the top six positions in terms of sales volume for three consecutive months, and their combined market share has gradually increased from 46.1% in September 2024 to 50.1% in November 2024.

2024.12.23

16:03

Hikvision: The company is not currently involved in AI glasses-related products.

2024.12.20

18:42

EZVIZ Networks: A wholly-owned subsidiary plans to sign a construction contract for the second phase of the intelligent engineering project

EZVIZ Networks announced that its wholly-owned subsidiary Chongqing EZVIZ Electronics Co., Ltd. intends to sign a construction contract for the second phase of the intelligent engineering project with Hangzhou Hikvision System Technology Co., Ltd. The total transaction amount is expected to be no more than 35 million yuan. Hikvision System is a wholly-owned subsidiary of the company's controlling shareholder Hangzhou Hikvision Digital Technology Co., Ltd., and constitutes a related transaction. The transaction is based on the actual operating conditions of Chongqing EZVIZ and the needs of the second phase of the construction of the EZVIZ Intelligent Manufacturing Chongqing Base Project, which is conducive to the normal advancement of intelligence. The transaction price is fair and reasonable, and has no adverse impact on the company's financial situation and operating results.

2024.12.13

20:40

Hikvision: Terminates five PPP project contracts

Hikvision announced that its wholly-owned subsidiaries and holding subsidiaries have terminated five PPP project contracts signed with the governments of Urumqi High-tech Zone, Moyu County, Pishan County, Yutian County and Lop County. These projects were completed in 2018 and entered the maintenance period. The termination of the contract was carried out in accordance with the contract agreement and after consultation between the two parties. The relevant project companies will carry out the cleanup of existing debts and liabilities, but will no longer carry out other businesses. The company stated that the termination of the contract will not harm the interests of the company and all shareholders, and will not have a significant impact on the company's operating results and financial condition.

2024.12.12

05:22

Morgan Stanley downgraded Hikvision's rating to equal weight with a target price of 36 yuan

Morgan Stanley downgraded Hikvision's rating to equalweight with a target price of 36 yuan, and raised Dahua Technology's rating to equalweight with a target price of 19 yuan.

2024.12.11

03:42

The amount of A-share repurchases has exceeded 160 billion yuan this year, and "cancellation" has become the mainstream

Data shows that 2,446 repurchase plans have been implemented so far this year, involving an amount of more than 160 billion yuan, far exceeding the level of the whole of last year. What is different from the past is that this round of repurchases is characterized by strong intensity, short term, fast implementation, and a large number of cancellation-style repurchases. At the same time, with the support of special loans for stock purchases, more and more listed companies are joining the repurchase team. In addition to Hikvision, Kweichow Moutai plans to implement a share repurchase plan with 3 billion to 6 billion yuan of its own funds. The repurchased shares will be used to cancel and reduce the company's registered capital. In addition, companies such as WuXi AppTec, Jiuan Medical, and Yili Group have disclosed repurchase plans with a maximum limit of more than 1 billion yuan, and all of them will be used for capital reduction and cancellation.

2024.12.09

19:52

Hikvision: Plans to repurchase shares worth 2 billion to 2.5 billion yuan for cancellation

Hikvision announced that it plans to repurchase shares for 2 billion to 2.5 billion yuan to reduce registered capital in accordance with the law. The repurchase price range is no more than 40 yuan per share, and the funds come from the company's own funds and special loans for stock repurchase.

2024.10.14

09:31

Hikvision denies mass layoffs

Asia Tech Wire (Oct 14) -- Chinese surveillance camera maker Hikvision has denied mass layoffs.

2024.05.30

07:32

Chinese surveillance camera maker Hikvision abruptly pulls out of Russia, report says

Asia Tech Wire (May 30) -- Chinese surveillance camera maker Hikvision has suddenly withdrawn from Russia, a recent report said.

2021.06.18

04:48

U.S. FCC votes to further hit Huawei, ZTE

(Asian Tech Press) The U.S. Federal Communications Commission voted unanimously to further hit Chinese tech companies Huawei and ZTE, according to Reuters.

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