海康威视:2024年年度报告(英文版)

Hangzhou Hikvision Digital Technology Co., Ltd.
2024Annual Report
April 19, 2025

To Shareholders
In response to the complicated and dynamic business climate in 2024, the Company tapped into
thepotentialoftheChinesesecuritymarket and moreactivelyexpanded itssecuritybusinessoverseas,
while remaining committed to scenario-based digitization and innovative businesses. In 2024, the
combined revenue of our overseas main businesses and innovative businesses surpassed the revenue
of our domestic main businesses, that is, the total revenue of three businesses groups - PBG, EBG
and SMBG - for the first time in our history.
TheCompanyisdetermined to bolster its investment inR&D. SeeingtheriseoflargeAI models,
we actively expand the development of AIoT-powered large multimodal model technology. It is our
business tenet to identify target markets, align with the advancement of cutting-edge technology, and
incorporate new technologies into software and hardware products. The Company will keep growing
its product lines and increasing applicationscenarios based on its persistent effortsto develop sensing
technologies utilizing full electromagnetic waves, mechanical waves, and multi-band fusion. Since
2018, the Company has maintained a steady increase in R&D investment, actively responding to the
continuously deteriorating global operating environment through technological innovation.
The Company will readily adapt itself to the times. In the years to come, we will shift our focus
from faster expansion to higher efficiency, ensuring strong performance for all existing businesses.
Moreover, the Company plans to modify its operating mechanism and optimize its organizational
structure to better adapt to changes in the external business environment, while leveraging digital
technology to increase operational efficiency both internally and externally.
The Company's commitment to global development will not change. Amid the ongoing polit ical
and economic turbulence worldwide, the Company is subject to standing, severe repression in some
foreign countries, and is expected to face new challenges in the future. However, we are resolute in
consistently increasing our investment in overseas marketing and expanding the percentage of
overseas revenue – thanks to the indomitable spirit we have developed over the last 20 years in
overseas market development.
The Company will always be customer-centric and create value for customers regardless of how
the business environment changes. Finally, we wish to express our gratitude to all shareholders for
their trust in and support for the Company!
See far, go further!
Board of Directors of Hangzhou Hikvision Digital Technology Co., Ltd.
April, 2025
Section I Important Notes, Contents and Definitions
The Board of Directors, Board of Supervisors, directors, supervisors and senior management
guarantee that the information presented in this report is true, accurate and complete without false
records, misleading statements or material omissions, and will undertake individual and joint legal
liabilities.
Hu Yangzhong, the Company's legal representative, Jin Yan, the person in charge of the
accounting work, and Zhan Junhua, the person in charge of accounting department (accounting
supervisor) hereby declare and warrant that the financial statements in this annual report are true,
accurate and complete.
All directors of the Company have attended the board meeting to review this report.
The profit distributionproposalpassed upondeliberationat the meeting ofthe BoardofDirectors
is set out as follows: Based on the total share capital (excluding shares held in the Company's
repurchase account) asofthe recorddatefor the implementationofthe 2024 annualprofit distribution
plan, the Company proposed to distribute cash dividend of RMB7.00 (tax inclusive) per each 10
shares to all shareholders, bonus share and share distribution from capital reserve is nil.
Note:
This document is a translated version of the Chinese version 2024 Annual Report ("2024 年年度报
告"), and the published announcements in the Chinese version shall prevail. The complete published
Chinese 2024 Annual Report may be obtained at www.cninfo.com.cn.

1) Domestic Economic Transformation Risks: The domestic market is undergoing continuous adjustments in
fiscal spending and real estate investment, leading to a need for improvement in societal expectations for
economic development. Additionally, some overseas nations are implementing trade protectionist policies,
which pose challenges to theexportcapabilities of domesticenterprises. Theeconomy remains ina transitional
phase of upgrading and transformation. The Company empowers economic and social digital transformation
with AIoT technologies and products, driving new developments in productivity. Howe