海康威视：2019年年度报告（英文版）.PDF

1、 Hangzhou Hikvision Digital Technology Co.,Ltd.2019 Annual Report April 25th 2020 Hikvision 2019 Annual Report 1 To shareholders As a technology-driven company,technological innovation has been the major approach to operations for the Companys sustainable development.Over the past two years,in respo

2、nse to technological advancements and changes in the external environment,the R&D expenses ratio of the Company has risen from 7.62%in 2017 to 8.99%in 2018,and further to 9.51%in 2019.The Company will continue to make further R&D investments to address increasing uncertainties,create value for custo

3、mers,provide platforms for employees,and drive returns for the Companys shareholders.We will maintain our commitment to technological innovation regardless of macro-economic conditions.In the domestic market,the Company has completed the initiative to integrate its business into Public Business Grou

4、p(PBG),Enterprise Business Group(EBG)and Small and Medium Enterprise Business Group(SMBG).The three BGs focus on their respective target markets and leverage various technologies,such as artificial intelligence,big data and cloud computing etc.,to help customers connect the physical and information

5、worlds,and achieve the fusion of data of the Internet of Things with the Information Network.In our overseas markets,we have largely completed the construction of country-specific marketing and service systems,enabling the rendering of better service to local markets.After five years of cultivation,

6、the innovative businesses have also made satisfactory progress.In our 2017 annual report,we disclosed the single-line revenue of the EZVIZ(smart home)business,and this year,we disclosed the single-line revenue of the robotic business.We expect to see more growth of our innovative businesses in the f