Hikvision

Hikvision

Type	Public
Traded as	SZSE: 002415
Industry	Research and development Video surveillance
Founded	2001
Founder	HIK Information Technology Gong Hongjia
Headquarters	Hangzhou, China
Area served	Worldwide
Key people	Gong Hongjia (co-founder & vice-chairman) Chen Zongnian (chairman) Hu Yangzhong (president)
Products	CCTV and Network Surveillance Systems
Brands	Ezviz
Revenue	CN¥25.271 billion (2015)
Operating income	CN¥5.494 billion (2015)
Profit	CN¥5.869 billion (2015)
Total assets	CN¥30.316 billion (2015)
Total equity	CN¥19.254 billion (2015)
Number of employees	15,222 (2015)
Parent	CET HIK Group
Website	www.hikvision.com
Footnotes / references in a consolidated basis (net assets and net profit excluding minority interests); in Chinese Accounting Standards[1]

Hangzhou Hikvision Digital Technology Co., Ltd. is the worlds largest supplier^[2] of video surveillance products and solutions based in Hangzhou, China. As one of Chinese' largest medium-sized companies, the Chinese Government holds a large share in Hikvision. In 2015, Hangzhou Hikvision Digital Technology Co.Ltd. overtook Dahua Technology in the domestic market as a civilian-run enterprise. It was a feat as Dahua Technology was one of Hikvision's competitors. Dahua suffered from a hacking scandal in 2015, leading to botnet acquiring a part of Dahua's products. The scandal generated interest in the sector. Gladly, Hikvision products were not affected.

In 2016, Hikvision was ranked 1098th by Forbes Global 2000 List: a listing of the world's top publicly traded companies. On the 16 of November 2016, Hikvision was also listed on the SZSE 100 Index; a blue chip of Shenzhen Stock Exchange, as well as the pan-China CSI 300 Index, FTSE China A50 Index and Hang Seng China 50 Index.

History

Hikvision was founded in 2001 by HIK Information Technology (Chinese: 浙江海康信息技术股份有限公司, with 51% stake and Gong Hongjia 49% stake. Hikvision make products for the video surveillance market.^[3] It devotes eight percent of its annual revenue to research and development.

Hikvision is listed on the Shenzhen Stock Exchange since 2010.^[1] The company has presence in twenty locations around the world.

In October 2016, the company concluded a deal to use Movidius' computer vision technology.^[4]

Ownership

Hikvision owned 39.9% in China Electronics Technology HIK Group Co.Ltd. (Chinese: 中电海康集团有限公司), a wholly owned subsidiary of China Electronics Technology Group.^[1]:46 China Electronics Technology Group is a state-owned enterprise that is supervised by the State-owned Assets Supervision and Administration Commission of the State Council. China Electronics Technology Group held an additional 1.97% stake of Hikvision via their 52th research institute (Chinese: 中国电子科技集团公司第五十二研究所).^[1] The Chairman of Hikvision, Chen Zongnian (Chinese: 陈宗年), is also the chairman and Party Committee Secretary of HIK Group, and Head of the research institute.^[1]

The second largest shareholder is co-founder of Hikvision, Gong Hongjia (Chinese: 龚虹嘉)^[1] and a private equity fund (Chinese: 新疆普康投资有限合伙企业) associated with his wife (Chinese: 陈春梅), for a combined 20.38% stake.^[1]

The third largest shareholder is a private equity fund (Chinese: 新疆威讯投资管理有限合伙企业) for 7.09% stake,^[1] which is associated with former and current management board of the company, such as Liu Xiang (Chinese: 刘翔), current director and former vice-president, corporate title president of Hikvision, current vice-president of HIK Group, chairman of sister company Phenix Optical SSE|600071.^[1] The top 3 shareholders owned a combined 69.35% stake.

Lastly, Zhejiang Orient Holdings SSE|600120, the fourth largest shareholder for 1.26% stake, is a publicly held company that Zhejiang Provincial People's Government is the largest shareholder; Central Huijin Asset Management, the fifth largest shareholder for 0.72% stake, is a wholly owned subsidiary of state-owned investment company Central Huijin Investment. The largest non-government employee shareholders are Morgan Stanley 0.55%, BNP Paribas 0.54%, a Hong Kong based subsidiary of E Fund Asset Management (0.51%) and New China Life Insurance 0.506%. The latter two are the managers of exchange-traded fund and insurance-linked fund respectively.

Activities

Hikvision carries out research and development, design and manufacturing of CCTV, and video surveillance products. The company produces Smart IP cameras, HD analog cameras, speed domes, NVRs, DVRs, video management software, access control and alarm systems. Hikvision serves a number of markets and has sold video surveillance systems to London Underground and McDonald's fast food restaurants in Malaysia.^[5]

Accused conspiracies

John Honovich, of the IP surveillance industry blog IPVM.com, has alleged Hikvision for using its state ownership to secure contracts and for the company allegedly obscuring its Chinese origins.^[6]

According to an interview by Alan West, Baron West of Spithead|Alan West published by the The Times and re-published by The Australian, averred that Hikvision's ownership raise ethical concern on the usage of Hikvision's product in British central government offices.^[2]

Subsidiaries

References

External links

• Official website
• Official website of Ezviz