海康威视：2020年年度报告（英文版）.PDF

1、 Hangzhou Hikvision Digital Technology Co.,Ltd.2020 Annual Report April 17th 2021 Hikvision 2020 Annual Report 1 To Shareholders In the past three years,we have met some challenges in development,and our management has been dedicated to their duties with diligence to ensure the Companys stable opera

2、tion with a view to long-term development.The Companys revenue has increased from RMB 41.91 billion in 2017 to RMB 63.50 billion in 2020,with a three-year compound growth rate of 14.86%;and the Companys net profit has risen 12.46%from RMB 9.41 billion in 2017 to RMB 13.39 billion in 2020 by the thre

3、e-year compound growth rate.For us,technological innovation is the key to sustainable development.To respond to various challenges and to embrace new opportunities,our R&D expense ratio grew from 7.62%in 2017 to 8.99%in 2018,9.51%in 2019,and 10.04%in 2020.In addition,we have accelerated our steps to

4、 deploy big data businesses and develop innovative businesses.And in order to meet the challenges,the spin-off and public listing of EZVIZ Network has also been initiated.The application of artificial intelligence(AI)technology has been speeded up both domestically and globally.And we have sniffed t

5、he chances brought by the rise of big data technology applications,by the fusion of multi-detector technology,and by the end users improved awareness of smart city,enterprise digital transformation and the Internet of Things(IoT).In the three years to come,we will invest more in Research and Develop

6、ment(R&D)and further improve operational efficiency to reward shareholders.And we believe that this will be an opportunity for us to grow.Hikvision 2020 Annual Report 2 This year marks the 20th anniversary of Hikvision since its establishment.We have grown from 28 to more than 40,000 in staff number