Hikvision 2025 Q3 ReportStock Exchange Code：002415 Abbreviation of Securities：HikvisionNo：2025-045
Hangzhou Hikvision Digital Technology Co., Ltd.
2025 3
rd
Quarter ReportThe Company and all members of the Board of Directors guarantee that the informationdisclosed is true, accurate and complete without false records, misleading statementsor material omissions.Important Content Notes:
1. The Board of Directors, directors, and senior management of Hangzhou HikvisionDigital Technology Co., Ltd. (hereinafter referred to as the "Company") herebyguarantee that the information presented in this report shall be together be whollyliable for the truthfulness, accuracy and completeness of its contents and free of anyfalse records, misleading statements or material omissions, and will undertakeindividual and joint legal liabilities.
2. Hu Yangzhong, the Company's legal representative, Jin Yan, the person in charge ofthe accounting work, and Zhan Junhua, the person in charge of accountinginstitution (accounting supervisor) hereby declare and warrant that the financialinformation in this report is authentic, accurate, and complete.
3. Whether the 3
rd
quarter report has been audited
□Yes √ No
Hikvision 2025 Q3 ReportI. Key Financial Data
1. Key Accounting Data and Financial Indicators
Whether the Company performed a retroactive adjustment or restatement of the previous accounting data
□ Yes √ No
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 |
| 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% | |||
2. 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 <Explanatory Announcement No. 1on Information Disclosure for Companies Offering Their Securities to the Public—Non-recurring Gains and Losses>as recurring gain/loss item.
□ Applicable √ Inapplicable
The Company does not classify any non-recurring gain/loss item mentioned in the <Explanatory Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public—Non-recurring Gains andLosses> as recurring gain/loss item.
3. 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 |
Hikvision 2025 Q3 ReportII. Shareholder Information
1. Total Number of Common Shareholders and Preferred Shareholders with Resumed Voting Rights andInformation 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 | Share-holding 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 52nd Research 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 52nd Research 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 52nd Research 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 shareholdersof 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 comparedwith the previous period due to refinancing, lending/repayment issues
□ Applicable √ Inapplicable
2. Total Number of Preferred Shareholders and Information about Top 10 Preferred Shareholders
□ Applicable √ Inapplicable
III. Significant Events
√Applicable □Inapplicable
1. The Company has completed the implementation of its share repurchase plan and has cancelled therepurchased sharesBased on the firm confidence in the Company's future development prospects and the high recognition of its long-term value, the Chairman of the board proposed a share repurchase on October 18, 2024. The proposal was reviewedand approved at the 4th Meeting of the Sixth Board of Directors on December 9, 2024, and the 2024 2ndExtraordinary General Meeting on December 25, 2024, through the Share Repurchase Plan Proposal. The companyis authorized to repurchase a portion of its domestically issued RMB ordinary shares (A-shares) via centralizedbidding 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 40
per share(inclusive). Funding sources include the Company's own capital and a dedicated share repurchase loan. Therepurchase period shall not exceed 12 months from the date of shareholder approval. The repurchased shares willbe canceled to reduce registered capital. For details, refer to the announcements published on October 19, December10, and December 26, 2024: Announcement on the Chairman of the board's Share Repurchase Proposal, Resolutionof the Fourth Meeting of the Sixth Board of Directors, Announcement on the Share Repurchase Plan, Resolution ofthe 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 securitiesaccount through centralized bidding, representing 0.0434% of the total shares outstanding at the time of therepurchase. 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 ofthe share repurchase, the company strictly complies with the relevant legal and regulatory requirements, announcingthe repurchase progress as of the end of the previous month within the first three trading days of each month. Thecompany promptly fulfills its obligation to disclose the progress of the repurchase. For details, refer to theAnnouncement 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.
Due 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 adedicated securities repurchase account using the centralized bidding trading method. This represents 0.74% of thetotal 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 repurchasecame from the Company’s own funds and a special loan for share repurchase, and the repurchase price did notexceed the upper limit set in the repurchase plan. The Company has completed the implementation of this sharerepurchase plan. On September 4, 2025, the company completed the cancellation procedures for the above sharesat China Securities Depository and Clearing Co., Ltd., Shenzhen Branch. For more details, refer to Announcementon the Implementation Results and Share Changes of the Share Repurchase and Announcement on the Completionof Share Repurchase Cancellation and Share Changes, published on the CNINFO website on August 29, 2025, andSeptember 9, 2025 respectively.
2. 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’sfuture development, on August 11, 2025, Mr. Hu Yangzhong, the Company’s chairman, proposed that the companyformulate and implement a 2025 interim dividend plan. The Company held its Seventh Meeting of the Sixth Boardof 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 dividendof RMB 4.00 (tax included) per 10 shares to all shareholders based on the total number of shares entitled to profitdistribution as of the record date for the 2025 interim dividend (i.e., the current total share capital of 9,164,871,550shares), with no bonus shares issued and no capital reserve conversion. The total amount of this cash dividend isRMB 3,665,948,620.00. The record date for this semi-annual rights distribution is October 9, 2025, and the ex-dateis 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 ofthe 2025 Interim Dividend, Announcement on the 2025 Interim Dividend Plan, and Announcement on theImplementation of the 2025 Semi-Annual Rights Distribution.
Hikvision 2025 Q3 ReportIV. Quarterly Financial Reports
1. Financial Statements
1.1 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 YangzhongPerson in Charge of the Accounting work: Jin YanPerson in Charge of Accounting Institution: Zhan Junhua
1.2 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 YangzhongPerson in Charge of the Accounting work: Jin YanPerson in Charge of Accounting Institution: Zhan Junhua
1.3 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 YangzhongPerson in Charge of the Accounting work: Jin YanPerson in Charge of Accounting Institution: Zhan Junhua
2. Adjustments to financial report at the beginning of the year relating to the initial adoption of the newaccounting standards or interpretation of standards since 2025.
□Applicable √Inapplicable
3. Audit Report
Whether audit has been performed on the 2025 3
rd
quarter financial report
□ Yes √ No
The Company’s 2025 3
rdquarter financial report has not been audited.
HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD.
Board of DirectorsOctober 18, 2025
Note:
This document is a translated version of the Chinese version 2025 3
rd
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 3
rd
Quarter Report may be obtained at www.cninfo.com.cn.