Hikvision - Asia Tech Wire

Hikvision

2025.03.07

08:15

Hikvision releases large-scale traffic checkpoint capture products

The reporter learned from Hikvision that the company has released a series of large-model traffic checkpoint capture products. In order to improve the accuracy of traffic checkpoint capture detection, Hikvision has directly deployed large-model capabilities to the series of traffic checkpoint capture products based on the Hikvision Guanlan large-model technology system. Compared with traditional detection algorithms, the false detection rate of behaviors such as seat belts, making phone calls, and playing with mobile phones has been reduced by more than 75%.

2025.03.06

16:07

Shanghai expands home appliance subsidies: new learning machines, smart headphones, and a number of products suitable for the elderly

According to the WeChat public account of "Shanghai Business", a number of categories, brands and companies will be added on the basis of the continued implementation of the 2024 home appliance and home furnishing subsidy policy for brands and companies that have been announced. Among them, tablets (including learning machines) have been added to the "subsidy for purchasing new mobile phones, tablets, and watches"; smart headphones, clothing care machines, floor scrubbers, dehumidifiers, hair dryers and other home appliances and routers (compliant with the IPv6 protocol) and other smart home categories have been added to the "home appliance, home furnishing and home decoration consumption subsidy". In order to facilitate citizens to purchase subsidized products, a number of new brands and companies have been added. Also added to the "home appliance, home furnishing and home decoration consumption subsidy" are home-based aging products. Aging-friendly products include Haier Healthcare Shanghai Experience Center, Hikvision, Hualing Jianianle, Kuangshi Technology, etc. Rehabilitation assistive devices include Kangyang, Palm Medical, Zhenxi Medical, Yichang Medical, Qiaolinghui, Hearing Earth, Anpaisheng, Chongming First Medicine, Fenyang Audio-visual, Rehabilitation Home, Paris Three Cities, Lingdong Kangyue, Jiasheng, Ninger, Fandu, Licongtang, JD Pharmacy, and Xiangderui, etc.

14:02

Hikvision rose more than 6%, and the Artificial Intelligence ETF (159819) held 6.42% of the stock

Hikvision's increase widened to 6.55%. Artificial Intelligence ETF (159819) holds 6.42% of the stock. The current increase is 3.60%, and it has risen for 3 consecutive days. The transaction volume is 917 million, which is 67.85% higher than this time yesterday. The share has increased by 36.85% in the past month, an increase of 3.856 billion.

2025.03.05

09:05

Hikvision releases new generation of event detection products

The reporter learned from Hikvision that Hikvision relies on the technical foundation of the Guanlan big model to build data models dedicated to industry scenarios such as road events, deeply integrate them with smart hardware, and launch a new generation of event detection products to accurately detect abnormal road events and help ensure road safety and smooth traffic.

2025.02.21

19:47

Hikvision: Net profit in 2024 is 11.959 billion yuan, down 15.23% year-on-year

Hikvision announced that in 2024, the company achieved total operating revenue of 92.486 billion yuan, a year-on-year increase of 3.52%; and achieved operating profit of 14.285 billion yuan, a year-on-year decrease of 10.94%.

2025.02.18

08:22

Hikvision releases multi-modal large model document search and storage series products

On February 18, Hikvision announced that based on the Guanlan big model technology system, Hikvision integrated the large-scale multi-modal model of images and texts with embedded intelligent hardware, and released a series of multi-modal large-model text search and storage products - Wensou NVR and Wensou CVR. According to reports, you can retrieve the target image in seconds by entering a sentence or a word. The search range is wide, supporting high-frequency target searches for security scenes such as people, motor vehicles, and non-motor vehicles, as well as feature searches for specific items and abnormal behaviors.

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.

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