Hikvision 2025 Q3 Report
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or material omissions.
Important Content Notes:The Board of Directors, directors, and senior management of Hangzhou Hikvision Digital Technology Co., Ltd. (hereinafter referred to as the "Company") hereby guarantee that the information presented in this report shall be together be wholly liable for the truthfulness, accuracy and completeness of its contents and free of any 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 institution (accounting supervisor) hereby declare and warrant that the financial information in this report is authentic, accurate, and complete.
Whether the 3rdquarter report has been audited
□Yes √ No
Hikvision 2025 Q3 Report
- Key Financial Data
- Key Accounting Data and Financial Indicators
Whether the Company performed a retroactive adjustment or restatement of the previous accounting data
Yes √ No
2025 Q3
YoY Change between 2025 Q3
and 2024 Q3
2025 Q1~Q3
YoY Change between 2025
Q1~Q3 and 2024 Q1~Q3
Revenue (RMB)
23,939,742,368.57
0.66%
65,757,782,457.01
1.18%
Net profit attributable to shareholders of the
Company (RMB)
3,661,774,929.80
20.31%
9,319,124,728.48
14.94%
Net profit attributable to shareholders of the Company excluding non-recurring gains and
losses (RMB)
3,481,971,466.50
19.73%
8,970,971,794.87
10.06%
Net cash flows from operating activities (RMB)
—
—
13,697,028,509.05
426.06%
Basic earnings per share (RMB/share)
0.399
17.70%
1.014
15.49%
Diluted earnings per share (RMB/share)
0.399
17.70%
1.014
15.49%
Weighted average ROE
4.56%
0.52%
11.43%
0.91%
On September 30, 2025
On December 31, 2024
Change(%) between December 31, 2024 and
September 30, 2025
Total assets (RMB)
129,863,372,985.51
132,016,200,156.14
-1.63%
Net assets attributable to shareholders of the
Company (RMB)
78,394,069,874.59
80,668,661,062.88
-2.82%
The total share capital of the Company as of the previous trading day of the financial report disclosure:
The total share capital of the Company as of the previous trading day of the financial report disclosure (share)
9,164,871,550
Fully diluted earnings per share calculated using the latest share capital:
Fully diluted earnings per share (RMB/share) calculated with the latest share capital
1.017
- Items and Amounts of Non-recurring Gains and Losses
√ Applicable □ Inapplicable
Unit：RMB
Item
Amount occurred in the current reporting period (2025 Q3)
January 1, 2025-
September 30, 2025
Profit or loss from disposal of non-current assets (including the write-off for the impairment provision of assets)
12,151,391.45
19,500,523.61
Government subsidies included in the current profit and loss (excluding the government subsidy closely related to regular
course of business of the Company and government subsidy based
on standard quota or quantitative continuous application according to the state industrial policy)
266,815,472.20
534,454,157.42
Apart from the effective hedging activities related to the
Company's normal business operations, the fair value changes in financial assets and financial liabilities held by non-financial
enterprises, as well as the gains or losses from the disposal of these
financial assets and liabilities.
-18,081,481.87
-102,728,179.45
Investment income generated from the disposal of long-term equity investments
9,318,754.75
9,542,834.63
Profit or loss on debt restructuring
-8,314,087.00
-8,314,087.00
Other non-operating income and expenditures except the items mentioned above
17,132,143.46
46,371,444.19
Less: Impact of income tax
42,080,340.93
59,949,789.62
Impact of the minority interests (after tax)
57,138,388.76
90,723,970.17
Total
179,803,463.30
348,152,933.61
Details of other profit and loss items that meet the definition of non-recurring profit and loss:
Applicable √ Inapplicable
The Company does not have other specific conditions of profit and loss items that meet the definition of non-recurring profit and loss.
Explanations on classifying any non-recurring gain/loss item mentioned in the as recurring gain/loss item.Applicable √ Inapplicable
- Information and Explanation about Variations in Key Accounting Data and Financial Indicators√Applicable □Inapplicable
Item
2025 Q1 ~ 2025 Q3
(RMB)
2024 Q1 ~ 2024 Q3
(RMB)
YoY Change
Note of changes
Net cash flows from
operating activities
13,697,028,509.05
2,603,725,074.80
426.06%
Increase in sales collections
- Key Accounting Data and Financial Indicators
- Shareholder Information
- Total Number of Common Shareholders and Preferred Shareholders with Resumed Voting Rights and Information about Top 10 Shareholders
Unit: Share
Total number of common shareholders at the end of the reporting period
387,222
Total number of preferred shareholders (if any) whose voting rights have been recovered at the end
of the reporting period (if any)
0
Particulars about top 10 shareholders (Excludes shares lent through refinancing)
Name of shareholder
Nature of shareholder
Shareholding
percentage (%)
Total shares held at the period-end
The number of common shares held with trading restrictions
Pledged, marked or
frozen
Status
Amount
China Electronics Technology HIK Group Co., Ltd.
Domestic State-owned corporation
37.28%
3,416,996,509
-
Pledged
50,000,000
Gong Hongjia
Overseas
individual
10.50%
962,504,814
-
Pledged
264,908,200
Hangzhou Weixun Equity Investment Partnership (Limited Partnership)
Domestic non-state-owned corporation
4.92%
450,795,176
-
Pledged
6,000,000
Shanghai Perseverance Asset Management Partnership (Limited Partnership) -Perseverance Adjacent Mountain 1 Yuanwang
Fund
Other
3.06%
280,000,000
-
-
-
CETC Investment Holdings Co., Ltd.
Domestic State-owned corporation
2.71%
248,366,268
-
-
-
Hangzhou Pukang Equity Investment Partnership (Limited Partnership)
Domestic non-state-owned
corporation
1.99%
182,510,174
-
Pledged
56,790,000
The 52ndResearch Institute at China Electronics Technology Group Co. Ltd.
Domestic State-owned
corporation
1.97%
180,775,044
-
-
-
Hu Yangzhong
Domestic Individual
1.70%
155,996,477
116,997,358
-
-
China Life Insurance Co., Ltd. - Traditional -Ordinary Insurance Product - 005L-CT001 SH
Other
1.39%
127,550,920
-
-
-
Central Huijin Investment Co., Ltd.
Domestic State-owned
corporation
0.71%
64,700,691
-
-
-
Particulars about shares held by the Top 10 common shareholders holding shares that are not subject to trading restriction(s)
(Excludes loaned shares through refinancing and lock-up shares of senior executives)
Name of shareholder
Number of common shares without trading restrictions
held at the period-end
Type of shares
Type
Number
China Electronics Technology HIK Group Co.,
Ltd.
3,416,996,509
RMB common shares
3,416,996,509
Gong Hongjia
962,504,814
RMB common shares
962,504,814
Hangzhou Weixun Equity Investment
Partnership (Limited Partnership)
450,795,176
RMB common shares
450,795,176
Shanghai Perseverance Asset Management Partnership (Limited Partnership) -Perseverance Adjacent Mountain 1 Yuanwang
Fund
280,000,000
RMB common shares
280,000,000
CETC Investment Holdings Co., Ltd
248,366,268
RMB common shares
248,366,268
Hangzhou Pukang Equity Investment
Partnership (Limited Partnership)
182,510,174
RMB common shares
182,510,174
The 52ndResearch Institute at China Electronics
Technology Group Co. Ltd
180,775,044
RMB common shares
180,775,044
China Life Insurance Co., Ltd. - Traditional -Ordinary Insurance Product - 005L-CT001 SH
127,550,920
RMB common shares
127,550,920
Central Huijin Investment Co., Ltd.
64,700,691
RMB common shares
64,700,691
Industrial and Commercial Bank of China Co.,
Ltd. – Huatai PineBridge CSI 300 Exchange Traded Fund
63,051,156
RMB common shares
63,051,156
Explanation on associated relationship and concerted actions among above shareholders
In the aforementioned shareholders, China Electronics Technology HIK Group Co., Ltd., CETC Investment Holdings Co., Ltd., and The 52ndResearch Institute at China Electronics Technology Group Co., Ltd. are acting in concert. Mr. Gong Hongjia, and Hangzhou Pukang Equity Investment Partnership (Limited Partnership) are acting in concert. Hu Yangzhong and Hangzhou Weixun Equity Investment Partnership (Limited Partnership) are acting in concert. Except for these, the Company does not know whether the other shareholders are related parties or whether they are acting-in-concert parties in accordance with the Administration of
the Takeover of Listed Companies Procedures.
Situation of shareholders holding more than 5% of the shares, the top 10 shareholders, and the top 10 shareholders of common shares without trading restrictions participating in the lending of shares in the refinancing business
□Applicable √Inapplicable
Changes of the top 10 shareholders and the top 10 shareholders that are not subject to trading restriction compared with the previous period due to refinancing, lending/repayment issues
Applicable √ Inapplicable
- Total Number of Preferred Shareholders and Information about Top 10 Preferred Shareholders
Applicable √ Inapplicable
- Total Number of Common Shareholders and Preferred Shareholders with Resumed Voting Rights and Information about Top 10 Shareholders
- Significant Events
√Applicable □Inapplicable
- The Company has completed the implementation of its share repurchase plan and has cancelled the repurchased shares
Based on the firm confidence in the Company's future development prospects and the high recognition of its longterm value, the Chairman of the board proposed a share repurchase on October 18, 2024. The proposal was reviewed and approved at the 4th Meeting of the Sixth Board of Directors on December 9, 2024, and the 2024 2nd Extraordinary General Meeting on December 25, 2024, through the Share Repurchase Plan Proposal. The company is authorized to repurchase a portion of its domestically issued RMB ordinary shares (A-shares) via centralized bidding on the Shenzhen Stock Exchange. The total repurchase amount shall not exceed RMB2.50 billion (inclusive) and shall be no less than RMB2.00 billion (inclusive), with a maximum repurchase price of RMB 401per share (inclusive). Funding sources include the Company's own capital and a dedicated share repurchase loan. The repurchase period shall not exceed 12 months from the date of shareholder approval. The repurchased shares will be canceled to reduce registered capital. For details, refer to the announcements published on October 19, December 10, and December 26, 2024: Announcement on the Chairman of the board's Share Repurchase Proposal, Resolution of the Fourth Meeting of the Sixth Board of Directors, Announcement on the Share Repurchase Plan, Resolution of the 2024 Second Extraordinary General Meeting, and Share Repurchase Report.
On December 26, 2024, the Company completed its first repurchase of 4,003,019 shares via a dedicated securities account through centralized bidding, representing 0.0434% of the total shares outstanding at the time of the repurchase. The highest and lowest transaction prices were RMB 31.50/share and RMB 31.06/share, respectively, with a total share value of RMB 125,613,283.27 (excluding transaction fees). During the implementation period of the share repurchase, the company strictly complies with the relevant legal and regulatory requirements, announcing the repurchase progress as of the end of the previous month within the first three trading days of each month. The company promptly fulfills its obligation to disclose the progress of the repurchase. For details, refer to the Announcement on the First Repurchase of Company Shares, published on the CNINFO website on December 27, 2024, and the monthly Announcement on the Progress of the Company’s Share Repurchase.
1Due to the implementation of the 2024 annual rights distribution, the upper limit of the repurchase price has been adjusted to RMB
39.30 per share since May 20, 2025.
As of the market close on August 28, the Company has cumulatively repurchased 68,326,776 shares through a dedicated securities repurchase account using the centralized bidding trading method. This represents 0.74% of the total pre-cancellation share capital (9,233,198,326 shares). The highest transaction price was RMB 32.70 per share, the lowest transaction price was RMB 27.06 per share, and the average transaction price was RMB 29.69 per share. The total transaction amount was RMB 2,028,349,444.12 (excluding transaction fees). The funds for this repurchase came from the Company’s own funds and a special loan for share repurchase, and the repurchase price did not exceed the upper limit set in the repurchase plan. The Company has completed the implementation of this share repurchase plan. On September 4, 2025, the company completed the cancellation procedures for the above shares at China Securities Depository and Clearing Co., Ltd., Shenzhen Branch. For more details, refer to Announcement on the Implementation Results and Share Changes of the Share Repurchase and Announcement on the Completion of Share Repurchase Cancellation and Share Changes, published on the CNINFO website on August 29, 2025, and September 9, 2025 respectively.
- The Company proposed and implemented the 2025 mid-year dividend plan.
To further enhance shareholder returns, increase shareholder satisfaction, and boost confidence in the Company’s future development, on August 11, 2025, Mr. Hu Yangzhong, the Company’s chairman, proposed that the company formulate and implement a 2025 interim dividend plan. The Company held its Seventh Meeting of the Sixth Board of Directors on September 5, 2025, and the First Extraordinary General Meeting of 2025 on September 23, 2025, to review and approve the Proposal on the 2025 Interim Dividend Plan. The plan agreed to distribute a cash dividend of RMB 4.00 (tax included) per 10 shares to all shareholders based on the total number of shares entitled to profit distribution as of the record date for the 2025 interim dividend (i.e., the current total share capital of 9,164,871,550 shares), with no bonus shares issued and no capital reserve conversion. The total amount of this cash dividend is RMB 3,665,948,620.00. The record date for this semi-annual rights distribution is October 9, 2025, and the ex-date is October 10, 2025. The Company has completed the implementation of the semi-annual rights distribution plan. For more details, see the Announcements published on the CNINFO website on August 12, 2025, September 6, 2025, and September 26, 2025 respectively: Notice of the Company’s Chairman Proposing the Implementation of the 2025 Interim Dividend, Announcement on the 2025 Interim Dividend Plan, and Announcement on the Implementation of the 2025 Semi-Annual Rights Distribution.
- The Company has completed the implementation of its share repurchase plan and has cancelled the repurchased shares
- Quarterly Financial Reports
- Financial Statements
- Consolidated balance sheet
Unit: RMB
Item
September 30, 2025
December 31, 2024
Current Assets:
Cash and bank balances
36,650,972,737.97
36,271,488,337.03
Derivative financial assets
6,060,739.31
26,775,923.93
Notes receivable
2,794,651,394.59
2,722,596,142.46
Accounts receivable
33,173,991,626.82
37,910,128,735.42
Receivables for financing
1,903,857,102.80
2,291,648,244.05
Prepayments
711,294,664.61
664,602,593.01
Other receivables
587,756,665.24
531,344,606.50
Inventories
20,105,048,915.91
19,110,711,958.11
Contract assets
958,384,099.80
985,822,785.69
Non-current assets due within one year
671,208,361.54
894,327,647.82
Other current assets
1,278,645,132.31
1,071,066,653.10
Total Current Assets
98,841,871,440.90
102,480,513,627.12
Non-current Assets:
Long-term receivables
250,492,421.42
380,453,188.09
Long-term equity investment
1,638,181,782.48
1,527,223,390.79
Other non-current financial assets
475,993,325.46
472,000,082.76
Fixed assets
16,787,289,311.27
15,063,752,296.49
Construction in progress
4,569,842,911.63
4,699,473,381.21
Right-of-use assets
450,330,390.28
530,138,023.79
Intangible assets
1,852,100,830.16
1,828,287,135.99
Goodwill
312,187,169.01
312,165,129.29
Long-term deferred expenses
135,088,800.91
162,841,758.91
Deferred tax assets
2,317,960,595.41
2,206,191,157.06
Other non-current assets
2,232,034,006.58
2,353,160,984.64
Total Non-current Assets
31,021,501,544.61
29,535,686,529.02
Total Assets
129,863,372,985.51
132,016,200,156.14
Current Liabilities:
Short-term borrowings
1,478,839,687.75
1,031,895,812.62
Derivative financial liabilities
7,469,351.47
1,874,341.64
Notes payable
423,074,018.58
1,197,128,746.56
Accounts payable
17,544,873,021.16
20,185,303,107.69
Item
September 30, 2025
December 31, 2024
Contract liabilities
3,596,901,370.41
3,353,943,054.24
Payroll payable
6,018,465,709.07
5,666,415,834.10
Taxes payable
1,887,982,835.06
1,535,936,096.02
Other payables
5,575,765,631.77
3,528,359,044.48
Including: dividends payable
2,077,144,117.19
186,793.11
Non-current liabilities due within one year
3,824,770,730.18
767,030,688.91
Other current liabilities
376,930,931.62
377,117,275.65
Total Current Liabilities
40,735,073,287.07
37,645,004,001.91
Non-current Liabilities:
Long-term borrowings
1,357,343,268.55
5,119,185,000.00
Lease liabilities
306,827,886.52
375,432,749.68
Long-term payables
9,749,569.60
9,780,220.80
Provisions
351,327,201.61
305,250,049.71
Deferred income
823,446,188.87
874,512,073.53
Deferred tax liabilities
130,584,318.84
112,711,363.52
Other non-current liabilities
177,518,573.22
74,029,948.84
Total Non-current liabilities
3,156,797,007.21
6,870,901,406.08
Total Liabilities
43,891,870,294.28
44,515,905,407.99
Owners’ Equity
Share capital
9,164,871,550.00
9,233,198,326.00
Capital reserves
4,302,740,979.56
6,181,644,265.06
Less: Treasury shares
-
310,044,296.12
Other comprehensive income
28,149,471.40
(111,510,486.21)
Surplus reserves
4,715,460,312.00
4,715,460,312.00
Retained earnings
60,182,847,561.63
60,959,912,942.15
Total owners' equity attributable to owner of the Company
78,394,069,874.59
80,668,661,062.88
Minority equity
7,577,432,816.64
6,831,633,685.27
Total Owners' Equity
85,971,502,691.23
87,500,294,748.15
Total Liabilities and Owners' Equity
129,863,372,985.51
132,016,200,156.14
Legal Representative: Hu Yangzhong
Person in Charge of the Accounting work: Jin Yan Person in Charge of Accounting Institution: Zhan Junhua
- Consolidated income statement from the beginning of the year to the end of the reporting period
Unit: RMB
Item
2025 Q1~Q3
2024 Q1~Q3
(Restated)
I. Revenue
65,757,782,457.01
64,991,467,788.45
II．Total Operating Costs
55,686,958,076.14
55,973,716,430.00
Less: Cost of sales and services
35,925,957,434.61
36,045,818,382.36
Business taxes and surcharges
580,526,397.79
518,733,466.76
Selling expenses
8,848,755,711.92
8,543,958,715.48
Administrative expenses
2,228,082,915.85
2,261,849,315.30
Research and development (R&D) expenses
8,738,019,947.93
8,736,220,937.73
Financial expenses
(634,384,331.96)
(132,864,387.63)
Including：Interest expenses
153,576,328.82
316,839,376.56
Interest income
392,986,285.68
712,317,025.99
Add: Other income
2,077,470,226.71
1,938,138,530.25
Investment income (loss"-")
142,210,131.47
37,783,854.68
Including: Investment gains (losses) in associated enterprise and joint-venture
enterprise
171,642,463.57
(89,958,117.85)
Gains on derecognition of financial assets
measured at amortized cost
89,740.00
-
Gains (loss"-") from changes in fair values
(26,762,278.99)
7,519,902.82
Credit impairment losses ("-")
(346,820,752.43)
(600,045,342.10)
Impairment losses ("-") of assets
(318,298,549.51)
(269,141,180.16)
Asset disposal income (loss"-")
19,524,387.58
(13,809,533.99)
III. Operating Profit (loss"-")
11,618,147,545.70
10,118,197,589.95
Add: Non-operating income
53,542,089.72
51,891,881.12
Less: Non-operating expenses
12,125,089.21
19,894,367.06
IV. Total Profit (loss"-")
11,659,564,546.21
10,150,195,104.01
Less: Income tax expenses
1,405,797,200.10
1,242,370,816.25
V. Net Profit (loss"-")
10,253,767,346.11
8,907,824,287.76
5.1 Classification by operation continuity
(a) Net profit (loss) on continuous
operation
10,253,767,346.11
8,907,824,287.76
(b) Net profit (loss) on terminated
operation
-
-
5.2 Classification by attribution of ownership
(a) Net profit attributable to owners of
9,319,124,728.48
8,107,748,494.46
Item
2025 Q1~Q3
2024 Q1~Q3
(Restated)
parent company
(b) Profit or loss attributable to minority shareholders
934,642,617.63
800,075,793.30
VI. Other Comprehensive Income, Net of Income Tax
213,152,756.92
(239,996,824.05)
Other comprehensive income attributable to
owners of the Company, net of tax
139,659,957.61
(126,255,854.26)
(I) Items that will not be reclassified
subsequently to profit or loss
-
-
(II) Other comprehensive income to be reclassified to profit or loss in subsequent
periods
139,659,957.61
(126,255,854.26)
1. Exchange differences arising on conversion of financial statements
denominated in foreign currencies
139,659,957.61
(126,255,854.26)
Other comprehensive income attributable to
minority interests, net of tax
73,492,799.31
(113,740,969.79)
VII. Total Comprehensive Income
10,466,920,103.03
8,667,827,463.71
Total comprehensive income attributable to
owners of the parent company
9,458,784,686.09
7,981,492,640.20
Total comprehensive income attributable to
minority shareholders
1,008,135,416.94
686,334,823.51
VIII. Earnings Per Share
(I) Basic earnings per share
1.014
0.878
(II) Diluted earnings per share
1.014
0.878
Legal Representative: Hu Yangzhong
Person in Charge of the Accounting work: Jin Yan Person in Charge of Accounting Institution: Zhan Junhua
- Consolidated cash flow statement from the beginning of the year to the end of the reporting period
Unit: RMB
Item
2025 Q1~Q3
2024 Q1~Q3
I. Cash Flows from Operating Activities:
Cash received from sale of goods or rendering of services
78,369,270,196.90
67,372,383,421.35
Receipts of tax refunds
3,236,882,063.37
3,213,608,844.77
Other cash receipts relating to operating activities
1,186,697,756.92
1,296,159,457.61
Sub-total of cash inflows from operating activities
82,792,850,017.19
71,882,151,723.73
Cash payments for goods purchased and services received
43,989,344,135.13
43,319,394,936.84
Cash paid to and on behalf of employees
15,020,772,578.45
15,514,458,996.41
Payments of various types of taxes
4,871,467,136.41
4,712,595,300.53
Other cash payments relating to operating activities
5,214,237,658.15
5,731,977,415.15
Sub-total of cash outflows from operating activities
69,095,821,508.14
69,278,426,648.93
Net Cash Flows from Operating Activities
13,697,028,509.05
2,603,725,074.80
Item
2025 Q1~Q3
2024 Q1~Q3
II. Cash Flows from Investing Activities:
Cash receipts from recovery of investments
3,485,922,506.33
1,942,144,541.12
Cash receipts from investment income
94,952,951.57
67,033,430.58
Net cash receipts from disposals of fixed assets, intangible
assets and other long-term assets
116,817,690.29
5,366,246.45
Other cash receipts relating to investing activities
83,324,543.71
43,213,496.63
Sub-total of cash inflows from investing activities
3,781,017,691.90
2,057,757,714.78
Cash payments to acquire or construct fixed assets,
intangible assets and other long-term assets
3,084,953,932.55
3,387,563,388.43
Cash paid to acquire investments
3,526,776,934.84
1,985,960,403.43
Sub-total of cash outflows from investing activities
6,611,730,867.39
5,373,523,791.86
Net Cash Flows from Investing Activities
(2,830,713,175.49)
(3,315,766,077.08)
III. Cash Flows from Financing Activities:
Cash receipts from borrowings
2,958,594,145.25
5,701,717,778.30
Other cash receipts relating to financing activities
-
2,007,056.47
Sub-total of cash inflows from financing activities
2,958,594,145.25
5,703,724,834.77
Cash repayments of borrowings
3,214,101,612.10
14,450,997,152.86
Cash payments for distribution of dividends or profits or
settlement of interest expenses
8,446,049,990.60
8,892,175,431.16
Other cash payments relating to financing activities
1,891,269,646.27
2,953,233,662.83
Sub-total of cash outflows from financing activities
13,551,421,248.97
26,296,406,246.85
Net Cash Flows from Financing Activities
(10,592,827,103.72)
(20,592,681,412.08)
IV. Effect of Foreign Exchange Rate Changes on Cash and Cash Equivalents
47,525,893.69
(43,647,573.77)
V. Net Increase in Cash and Cash Equivalents
321,014,123.53
(21,348,369,988.13)
Add: Opening balance of Cash and Cash Equivalents
36,053,042,380.29
49,427,967,355.78
VI. Closing Balance of Cash and Cash Equivalents
36,374,056,503.82
28,079,597,367.65
Legal Representative: Hu Yangzhong
Person in Charge of the Accounting work: Jin Yan Person in Charge of Accounting Institution: Zhan Junhua
- Consolidated balance sheet
- Adjustments to financial report at the beginning of the year relating to the initial adoption of the new accounting standards or interpretation of standards since 2025.
□Applicable √Inapplicable
- Audit Report
- Financial Statements
Whether audit has been performed on the 2025 3rdquarter financial report
Yes √ No
The Company’s 2025 3rdquarter financial report has not been audited.
HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD.
Board of Directors October 18, 2025
Note:This document is a translated version of the Chinese version 2025 3rd Quarter Report (“2025 年第三季度报告”), and the published announcements in the Chinese version shall prevail. The complete published Chinese 2025 3rd Quarter Report may be obtained at https://www.cninfo.com.cn.