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1、 Hangzhou Hikvision Digital Technology Co.,Ltd.2018 Annual Report April 20th 2019 Hikvision 2018 Annual Report 1 To shareholders Dear Shareholders,In 2018,Hikvision realized total revenue of RMB 49.84 billion,with a year-over-year growth rate of 18.93 percent;and net profit attributable to the paren
2、t company of RMB 11.35 billion,an increase of 20.64 percent year-over-year.The Company maintained solid growth.Our business faced more challenges in 2018 than in any previous years.The Company was more cautious and conservative on sales strategy than any previous year and put more emphasis on short-
3、term risk management.However,the Company remains upbeat about growth in the domestic and overseas markets in the years ahead.We actively explored business development opportunities in both domestic and foreign markets,and continued to increase investment in product research and development(R&D)and m
4、arketing.In 2018,the Company stepped up the development of its AI Cloud software platform and facilitated the adoption of AI Cloud.In the era of AI,artificial intelligence is everywhere.We see opportunities arising from demand for perceptual AI,and recognize the difficulties in meeting the fragmente
5、d demand for perceptual AI applications.The Company offers an AI open development platform to its clients,allowing them to participate in AI applications with fragmented demands,and protecting their data at the same time.The gradual adoption of AI Cloud will help the Company promote the development
6、of intelligent Internet of Things(IoT),as well as help it advance the integration of IoT with information networks and development of the Companys big data business.To better meet clients needs and enhance operating efficiency,the Company has restructured its traditional security segments into publi