Hikvision
Hikvision


Hikvision
Hangzhou Hikvision Digital Technology Co., Ltd. is a Chinese manufacturer and world's largest supplier of video surveillance products based in Hangzhou

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Hangzhou Hikvision Digital Technology Co., Ltd.Hikvision headquarters in HangzhouTypePublicTraded asSZSE: 002415IndustryVideo surveillanceFounded2001FounderHeadquartersHangzhou, ChinaArea servedWorldwideKey peopleGong Hongjia(vice-chairman)Chen Zongnian(chairman)Hu Yangzhong(director)ProductsCCTV and Network Surveillance SystemsBrandsEzvizRevenue CN¥41.905 billion (2017)Operating income CN¥10.443 billion (2017)Net income CN¥09.411 billion (2017)Total assets CN¥51.571 billion (2017)Total equity CN¥30.358 billion (2017)OwnerChinese Central Government
(via China Electronics Technology Group)(41.55%)Gong Hongjia and related parties(17.09%)Hu Yangzhon and related parties(7.07%)Number of employees26,330 (2017)ParentCET HIK Group(direct)China Electronics Technology Group(indirect)SASAC(ultimate)Chinese nameSimplified Chinese杭州海康威视数字技术股份有限公司Traditional Chinese杭州海康威視數字技術股份有限公司Literal meaningHangzhou Hikvision Digital Technology. Company Limited by SharesTranscriptionsStandard MandarinHanyu PinyinHángzhōu hǎi kāng wēi shì shùzì jìshù gǔfèn yǒuxiàn gōngsīAlternative Chinese nameSimplified Chinese海康威视Traditional Chinese海康威視Literal meaningHIK–vision[nb 1]TranscriptionsStandard MandarinHanyu PinyinHǎi kāng wēi shì Websitewww.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 a Chinese manufacturer and world's largest supplier[2] of video surveillance products based in Hangzhou, China. Its controlling shares are owned by the Chinese government.[1]

Contents History

Hikvision was founded in 2001 by Zhejiang HIK Information Technology Co., Ltd. (Chinese: 浙江海康信息技术股份有限公司) with the company having a 51% stake and Gong Hongjia (Chinese: 龚虹嘉) a 49% stake. Hikvision made products for the video surveillance market.[3] It devotes 8% of its annual revenue to research and development,[citation needed] with 26,330 employees, of which 13,085 are engineers by the end of 2017.[1]:103

Hikvision has been listed on the Shenzhen Stock Exchange since 2010. The company provides surveillance products to the global market via more than "2,400 partners in 155 countries and regions",[4] and has its presence in 18 locations around the world.[5]

In October 2016, the company concluded a deal to use Movidius' computer vision technology.[6]

In May 2019 Israeli newsmedia reported, that sapper units, deployed by Tel Aviv police to protect the Eurovision Song Contest 2019 from interfering UAVs did use a Hikvision Counter unmanned air system (C-UAS) to force down over 80 drones.[7]

Shareholders
As of 31 December 2017

Hikvision was owned by China Electronics Technology HIK Group Co., Ltd. (HIK Group, Chinese: 中电海康集团有限公司), a wholly owned subsidiary of China Electronics Technology Group, which has a 39.59% stake.[1]:82 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 holds an additional 1.96% stake of Hikvision via its 52nd research institute (Chinese: 中国电子科技集团公司第五十二研究所).[1]:82 The Chairman of Hikvision, Chen Zongnian (Chinese: 陈宗年), is also the chairman and the Party Committee Secretary of HIK Group, and Head of the aforementioned research institute.[1]:92

The second largest shareholder was the co-founder of Hikvision, Gong Hongjia (Kung Hung Ka), with a 15.01% stake.[1]:82

The third largest shareholder is a private equity fund (Chinese: 新疆威讯投资管理有限合伙企业; pinyin: Xīnjiāng Wēixùn) which has a 7.09% stake,[1]:82 which is associated with current Hikvision General Manager Hu Yangzhong.[1]:82 According to previous filing, "Xinjian Weixun" was also associated with Liu Xiang (Chinese: 刘翔),[8]:57 former director (from 2015 to March 2018) and former deputy general manager (Chinese: 副总经理) of Hikvision, current deputy general manager of HIK Group, chairman of sister listed company Phenix Optical (SSE: 600071).[1]:92

The fourth largest shareholder is another private equity fund (Chinese: 新疆普康投资有限合伙企业) which had a 2.08% stake.[1]:92 The fund was partly owned by Gong's wife Chen Chunmei (Chinese: 陈春梅) and aforementioned Hu Yangzhong.[1]:83

Hu Yangzhong also owned an additional 1.33% stake personally.[1]:82

To sum up, those shareholders owned a combined 65.71% stake.

Lastly, Hong Kong Securities Clearing Company owned 9.77%,[1]:82 which was the nominees of the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect.

Market

In June 2018, Hikvision was ranked 835th in the 2018 edition of Forbes Global 2000.[9] As of 16 November 2016, Hikvision was also a constituent of the SZSE 100 Index, a blue chip index of the Shenzhen Stock Exchange, as well as the pan-China indexes CSI 300 Index, FTSE China A50 Index and Hang Seng China 50 Index.[citation needed]

Controversy

IPVM.com has criticized Hikvision for allegedly obscuring its Chinese government ownership.[10] Jeffrey He, president of Hikvision North America had criticized online blogger site for allegedly seeking financial gain.[11]

Alan West, in an interview published by The Times (and re-published by The Australian), averred that Hikvision's ownership raise ethical and security concerns when it comes to usage of Hikvision's products by the British government.[2]

According to The Nation, "The United States has considered sanctioning the Chinese surveillance giant Hikvision, which has provided thousands of cameras that monitor mosques, schools, and concentration camps in Xinjiang."[12]

Subsidiaries
As of 31 December 2015
Ezviz office in Hangzhou Footnotes
  1. ^ See also in the wiktionary for the individual meaning of the character en:wiktionary:威 and en:wiktionary:視; 威視 itself have no meaning other than a compound word that sounds likes vision
References
  1. ^ a b c d e f g h i j k l m n 2017 Annual Report. Hikvision. 21 April 2018. Retrieved 11 September 2018 – via Shenzhen Stock Exchange website..mw-parser-output cite.citation{font-style:inherit}.mw-parser-output .citation q{quotes:"\"""\"""'""'"}.mw-parser-output .citation .cs1-lock-free a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/6/65/Lock-green.svg/9px-Lock-green.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .citation .cs1-lock-limited a,.mw-parser-output .citation .cs1-lock-registration a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/d/d6/Lock-gray-alt-2.svg/9px-Lock-gray-alt-2.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .citation .cs1-lock-subscription a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/a/aa/Lock-red-alt-2.svg/9px-Lock-red-alt-2.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration{color:#555}.mw-parser-output .cs1-subscription span,.mw-parser-output .cs1-registration span{border-bottom:1px dotted;cursor:help}.mw-parser-output .cs1-ws-icon a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/4/4c/Wikisource-logo.svg/12px-Wikisource-logo.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output code.cs1-code{color:inherit;background:inherit;border:inherit;padding:inherit}.mw-parser-output .cs1-hidden-error{display:none;font-size:100%}.mw-parser-output .cs1-visible-error{font-size:100%}.mw-parser-output .cs1-maint{display:none;color:#33aa33;margin-left:0.3em}.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration,.mw-parser-output .cs1-format{font-size:95%}.mw-parser-output .cs1-kern-left,.mw-parser-output .cs1-kern-wl-left{padding-left:0.2em}.mw-parser-output .cs1-kern-right,.mw-parser-output .cs1-kern-wl-right{padding-right:0.2em}
  2. ^ a b "China funded Hikvision's CCTV with eyes across globe". The Australian. 17 September 2016. Retrieved 16 November 2016.
  3. ^ 首次公开发行股票招股说明书摘要 [Prospectus] (PDF) (in Chinese). Hikvision. 13 May 2010. Retrieved 16 November 2016 – via China Electronics Technology Group website.
  4. ^ "About Hikvision". Hikvision. Retrieved 12 March 2017.
  5. ^ "Global Operations". Hikvision. Retrieved 12 March 2017.
  6. ^ http://tyyttheusbport.com/movidius-and-hikvision-make-security-cameras-smart-with-ai/19856
  7. ^ "Cops on Tel Aviv roofs for Eurovision forced down 80 drones; none were attacking". Times of Israel. Retrieved 19 May 2019.
  8. ^ 2015年年度报告 [2015 Annual Report] (PDF) (in Chinese). Hikvision. 9 April 2016. Retrieved 15 November 2016 – via Shenzhen Stock Exchange.
  9. ^ "Hikvision on the Forbes Global 2000 List". Forbes. June 2018. Retrieved 11 September 2018.
  10. ^ "Hikvision And The Chinese Government". IPVM. 2015-12-07. Retrieved 2016-10-07.
  11. ^ Karantzoulidis, Steve. "Hikvision President Chats With SSI About Cybersecurity, Privacy Concerns". www.securitysales.com. Retrieved 2017-04-05.
  12. ^ "How the Left Should Respond to Ethnic Cleansing in China". The Nation. January 15, 2019.
External links Constituents of the SZSE 100 Index Constituents of the FTSE China A50 Index Constituents of Hang Seng China 50 IndexA shares/H sharesFinance Other Red chip Others Major imaging companiesCompanies with an annual revenue of over US$3 billion
See also
Largest IT companies
Category:Optics manufacturing companies
Category:Photography companies


 
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