Video Security Firm Hikvision Nets USD925 Million Profit Over First Nine Months
Liao Shumin
DATE:  Oct 31 2017
/ SOURCE:  Yicai
Video Security Firm Hikvision Nets USD925 Million Profit Over First Nine Months Video Security Firm Hikvision Nets USD925 Million Profit Over First Nine Months

(Yicai Global) Oct. 31 -- Net profit attributable to shareholders at Chinese video surveillance equipment maker Hangzhou Hikvision Digital Technology Co. [SHE:002415] soared 26.82 percent on the year to CNY6.15 billion (USD925.1 million) over the first three quarters, the firm said yesterday in its quarterly report.

The company pulled in CNY27.73 billion in operating income, up 31.14 percent, to give earnings per share of CNY0.67 (USD0.10).

Hikvision's performance has maintained steady growth recently, and forecasts net profits for the whole year to reach between CNY8.538 billion and CNY10.02 billion at annual growth of 15 to 35 percent.

Stock indices in both Shanghai and Shenzhen took a hit yesterday, but Hikvision shares bucked the trend to close up by 2.22 percent at CNY36.8. Over the last month, the company's share price has risen by more than 17 percent.

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Keywords:   MSCI,Financial Performance,Surveillance,Income Statement