Hikvision profit up 9.66 percent in H1

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BEIJING, July 24 (Xinhua) — Hangzhou Hikvision Digital Technology Co. Ltd., a leading provider of security products and solutions, reported profit and revenue increases in the first half of this year.

Its net profit attributable to shareholders rose by 9.66 percent year on year to over 4.62 billion yuan (about 661 million U.S. dollars) in the Jan.-June period, the company said in a statement filed with the Shenzhen Stock Exchange Friday.

Operating revenue stood at 24.27 billion yuan, up by 1.45 percent from the same period last year, the company said.

In the face of COVID-19 disruptions during the period, Hikvision said it continued to increase input in research and development as well as pushing forward the integration of artificial intelligence and big data.

At the market close Friday, the company saw its share price go down 5 percent to 33.63 yuan apiece. Enditem

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