Hikvision 2024 Q3 Report
Stock Exchange Code：002415 Abbreviation of Securities：Hikvision
No：2024-055
Hangzhou Hikvision Digital Technology Co. Ltd.
2024 3rd Quarter Report
The Company and all members of the Board of Directors guarantee that the information
disclosed is true accurate and complete without false records misleading statements
or material omissions.Important Content Notes:
1. The Board of Directors Board of Supervisors directors supervisors and senior
management of Hangzhou Hikvision Digital Technology Co. Ltd. (hereinafter
referred to as the "Company") hereby guarantee that the information presented in
this report shall be together be wholly liable for the truthfulness accuracy and
completeness of its contents and free of any false records misleading statements or
material omissions and will undertake individual and joint legal liabilities.
2. Hu Yangzhong the Company's legal representative Jin Yan the person in charge of
the accounting work and Zhan Junhua the person in charge of accounting
institution (accounting supervisor) hereby declare and warrant that the financial
information in this report is authentic accurate and complete.
3. Whether the 3rd quarter report has been audited
□Yes √ NoHikvision 2024 Q3 Report
I. 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
Reasons for retroactive adjustment or restatement of the previous accounting data
√ Business combination under common control
YoY Change
YoY Change
between 2024
2023 Q3 between 2024 Q3 2023 Q1~Q3
Q1~Q3 and 2023
2024 Q3 and 2023 Q3 2024 Q1~Q3
Q1~Q3
Before the After the After the
Before the adjustment After the adjustment After the adjustment
adjustment adjustment adjustment
Revenue (RMB) 23782371582.09 23704377795.74 23704660814.60 0.33% 64991467788.45 61275164193.63 61276013250.23 6.06%
Net profit attributable to
shareholders of the Company 3043629637.17 3513299100.33 3513324162.81 -13.37% 8107748494.46 8851167117.21 8851262013.63 -8.40%
(RMB)
Net profit attributable to
shareholders of the Company
2908130076.063425870315.023425895377.50-15.11%8151135979.788461998947.988462093844.40-3.67%
excluding non-recurring gains
and losses (RMB)
Net cash flows from operating
————2603725074.805913853480.955913026202.08-55.97%
activities (RMB)
Basic earnings per share
0.3390.3810.381-11.02%0.8780.9490.949-7.48%
(RMB/share)
Diluted earnings per share
0.3390.3800.380-10.79%0.8780.9490.949-7.48%
(RMB/share)
Weighted average ROE 4.04% 5.05% 5.05% -1.01% 10.52% 12.59% 12.59% -2.07%Hikvision 2024 Q3 Report
Change(%) between December 31 2023
On December 31 2023
On September 30 2024 and September 30 2024
Before the adjustment After the adjustment After the adjustment
Total assets (RMB) 124094298497.09 138848007548.55 138858122879.55 -10.63%
Net assets attributable to
shareholders of the Company 76827671913.00 76354265540.14 76354265540.14 0.62%
(RMB)
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) 9233198326
Fully diluted earnings per share calculated using the latest share capital:
Fully diluted earnings per share (RMB/share) calculated with the latest share capital 0. 878Hikvision 2024 Q3 Report
2. Items and Amounts of Non-recurring Gains and Losses
√ Applicable □ Inapplicable
Unit：RMB
Item Amount occurred in the current January 1 2024–
reporting period (2024 Q3) September 30 2024
Profit or loss from disposal of non-current assets (including the
-2066025.67-14012774.62
write-off for the impairment provision of assets)
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 112574000.85 410281267.47
on standard quota or quantitative continuous application according
to the state industrial policy)
Profit or loss attributed to change in fair value for derivative
financial assets derivative financial liabilities and other non-
current financial assets; and investment gains or losses from
disposal of derivative financial assets derivative financial -50920771.32 -26795959.49
liabilities and receivables for financing excluding the effective
hedging business related to the regular business operation of the
Company.Net profit or loss of the subsidiary from the beginning of the period
to the date of consolidation arising from a business combination - -295677.15
under common control
Profit or loss on debt restructuring 100816662.85 100816662.85
Share-based payment expenses recognized in one lump sum due to
--471167293.91
the cancellation or modification of the equity incentive plan
Other non-operating income and expenditures except the items
15402163.0450408946.29
mentioned above
Less: Impact of income tax 25485717.09 41250688.18
Impact of the minority interests (after tax) 14820751.55 51371968.58
Total 135499561.11 -43387485.32
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
on Information Disclosure for Companies Offering Their Securities to the Public—Non-recurring Gains and Losses>Hikvision 2024 Q3 Report
as recurring gain/loss item.□ Applicable √ Inapplicable
The Company does not classify any non-recurring gain/loss item mentioned in the
1 on Information Disclosure for Companies Offering Their Securities to the Public—Non-recurring Gains and
Losses> as recurring gain/loss item.
3. Information and Explanation about Variations in Key Accounting Data and Financial Indicators
√Applicable □Inapplicable
3.1 Explanation for variations in balance sheet items
Balance on Balance on
Item September 30 2024 December 31 2023 Change Note of Changes
(RMB) (RMB)
Cash and cash Dividend distributions and loan
28260909688.5849638158662.54-43.07%
equivalents repayments
Held-for-trading
6251911.26 37380.00 16625.28% Fluctuation in foreign exchange rate
financial assets
and decrease in the scale of foreign
Held-for-trading
16554651.68 38079755.04 -56.53% exchange hedging business
financial liabilities
Increase in prepayment related to
Prepayments 708185282.32 508151405.92 39.37%
construction projects of main business
Increase in prepayment for
Other non-current
3936557540.62 2920349344.39 34.80% construction due to development of
assets
the park
Notes payable 765755176.30 1163687279.58 -34.20% Decrease in notes settlement
Short-term borrowings 905243323.50 2118952026.06 -57.28%
Repayment of part of long- and short-
Non-current liabilities
1498369099.66 5814660214.96 -74.23% term borrowings due to reduction in
due within one year
working capital needs
Long-term borrowings 5667258530.03 8940122961.01 -36.61%
Other current liabilities 376046158.78 1481222044.19 -74.61%
Other non-current The completion of repurchase of 2021
47955108.111672933103.20-97.13%
liabilities Restricted Stock Plan
Treasury shares - 2737987226.55 -100.00%
Decrease in differences of foreign
Other comprehensive
-81588338.10 44667516.16 -282.66% currency statement translation due to
income
fluctuations of exchange rateHikvision 2024 Q3 Report
3.2 Explanation for variations in income statement items
2024 Q1 ~ 2024 Q3 2023 Q1 ~ 2023 Q3
Items YoY Change Note of changes
(RMB) (RMB)
Financial expenses -132864387.63 -438141627.90 69.68% Increase in foreign exchange losses
Decrease in gains from changes in
Gains from changes
7519902.82 83987239.15 -91.05% fair value in foreign exchange
in fair value
hedging business
3.3 Explanation for variations in cash flow statement items
2024 Q1 ~ 2024 Q3 2023 Q1 ~ 2023 Q3
Item YoY Change Note of changes
(RMB) (RMB)
Net cash flows from Increase in cash payments for
2603725074.805913026202.08-55.97%
operating activities purchases
Net cash flows from Increase in expenditures for dividends
-20592681412.08-2567545248.18-702.04%
financing activities and loan repaymentsHikvision 2024 Q3 Report
II. Shareholder Information
1. Number of Common Shareholders and Preferred Shareholders with Resumed Voting Rights and
Information about Top 10 Shareholders
Unit: Share
Total number of preferred shareholders (if any)
Total number of common shareholders at the
384154 whose voting rights have been recovered at the end 0
end of the reporting period
of the reporting period (if any)
Particulars about top 10 shareholders (Excludes shares lent through refinancing)
The number Pledged marked or
Share-
Total shares of common
Nature of holding frozen
Name of shareholder held at the shares held
shareholder percentage
period-end with trading
(%) Status Amount
restrictions
Domestic State-
China Electronics Technology HIK Group Co.owned 36.93% 3410150909 - Pledged 50000000
Ltd.corporation
Overseas
Gong Hongjia 10.42% 962504814 - Pledged 186842000
individual
Domestic
Hangzhou Weixun Equity Investment non-state- 4.88% 450795176 - Pledged 22200000
Partnership (Limited Partnership) owned
corporation
Shanghai Perseverance Asset Management
Partnership (Limited Partnership) -
Other 4.46% 412000000 - - -
Perseverance Adjacent Mountain 1 Yuanwang
Fund
Domestic State-
CETC Investment Holdings Co. Ltd. owned 2.66% 245161568 - - -
corporation
Domestic
Hangzhou Pukang Equity Investment non-state- 1.98% 182510174 - Pledged 51980000
Partnership (Limited Partnership) owned
corporation
Domestic State-
The 52nd Research Institute at China Electronics
owned 1.96% 180775044 - - -
Technology Group Co. Ltd.corporation
Domestic
Hu Yangzhong 1.69% 155996477 116997358 - -
Individual
Industrial and Commercial Bank of China Co.Ltd. – Huatai PineBridge Other 0.78% 71844856 - - -
CSI 300 Exchange Traded Fund
Domestic State-
Central Huijin Investment Co. Ltd. owned 0.70% 64700691 - - -
corporation
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)
Number of common shares Type of shares
Name of shareholder without trading restrictions
held at the period-end Type Number
China Electronics Technology HIK Group Co. 3410150909 RMB common shares 3410150909Hikvision 2024 Q3 Report
Ltd.Gong Hongjia 962504814 RMB common shares 962504814
Hangzhou Weixun Equity Investment
450795176 RMB common shares 450795176
Partnership (Limited Partnership)
Shanghai Perseverance Asset Management
Partnership (Limited Partnership) -
412000000 RMB common shares 412000000
Perseverance Adjacent Mountain 1 Yuanwang
Fund
CETC Investment Holdings Co. Ltd 245161568 RMB common shares 245161568
Hangzhou Pukang Equity Investment
182510174 RMB common shares 182510174
Partnership (Limited Partnership)
The 52nd Research Institute at China Electronics
180775044 RMB common shares 180775044
Technology Group Co. Ltd
Industrial and Commercial Bank of China Co.Ltd. – Huatai PineBridge CSI 300 Exchange 71844856 RMB common shares 71844856
Traded Fund
Central Huijin Investment Co. Ltd. 64700691 RMB common shares 64700691
Hong Kong Securities Clearing Company
63918738 RMB common shares 63918738
Ltd.(HKSCC)
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
Explanation on associated relationship and
Partnership) are acting in concert. Hu Yangzhong and Hangzhou Weixun Equity
concerted actions among above shareholders
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 shareholders
of common shares without trading restrictions participating in the lending of shares in the refinancing business
√ Applicable □Inapplicable
Unit: share
Shareholders holding more than 5% of the shares the top 10 shareholders and the top 10 shareholders of common shares without
trading restrictions participating in the lending of shares in the refinancing business
Period-beginning Period-end
Period-beginning Period-end common
refinancing lending refinancing lending
common account and account and credit
Shareholder Name (Full shares that have not shares that have not
credit account holdings account holdings
Name) yet been returned yet been returned
Share
Shares Percentage Shares Percentage Shares Percentage Percentage
s
Industrial and Commercial
Bank of China Co. Ltd. – 27920756 0.30% 15900 0.00% 71844856 0.78% 0 0.00%
Huatai PineBridge CSIHikvision 2024 Q3 Report
300 Exchange Traded
Fund
Changes of the top 10 shareholders and the top 10 shareholders that are not subject to trading restriction compared
with 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 √ InapplicableHikvision 2024 Q3 Report
III. Significant Events
√Applicable □Inapplicable
1. During the reporting period the Company completed the general election of the Board of Directors and
the Board of Supervisors and appointed senior management personnel.On August 2 2024 the company held the 1st Extraordinary General Meeting of Shareholders in 2024 to elect the
6th Board of Directors and the 6th Board of Supervisors.
There are 9 directors on the 6th Board of Directors including 5 non-independent directors: Mr Hu Yangzhong Mr
Fu Baijun Mr Xu Lixing Mr Xu Peng and Mr Wang Qiuchao and 4 independent directors: Mr Wu Xiaobo Mr
Hu Ruimin Mr Lv Changjiang (an accounting expert) and Mr Tan Xiaofen.There are 3 supervisors on the 6th Board of Supervisors who are Mr Lu Jianzhong Ms Huang Xing Mr Pan Jia (an
employee representative supervisor elected by the representative congress of labor union).On August 2 2024 the company held the 1st meeting of the 6th Board of Supervisors. Mr. Hu Yangzhong was elected
as the chairman of the board and Mr. Xu Peng was appointed as the general manager and other senior management
personnel were appointed at the same time.On August 2 2024 the company held the 1st meeting of the 6th board of supervisors and Mr Lu Jianzhong was
elected as the chairman of the board of supervisors.
2. During the reporting period the Company terminated the implementation of the 2021 Restricted Stock
Plan and repurchased and cancelled the relevant restricted shares.On April 18 2024 and May 10 2024 the 20th meeting of the 5th Board of Directors the 18th meeting of the 5th Board
of Supervisors and 2023 Annual General Meeting reviewed and approved the Proposal on Terminating the
Implementation of the 2021 Restricted Stock Plan and Repurchasing and Canceling Relevant Restricted Shares. It
was agreed that the company would terminate the implementation of the 2021 Restricted Stock Plan and repurchaseHikvision 2024 Q3 Report
and cancel all restricted stocks granted but not yet unlocked. The number of restricted stocks proposed to be
repurchased and cancelled this time was 97402605 shares accounting for 1.0439% of the company's total share
capital (9330600931 shares) before the repurchase and cancellation. On August 15 2024 the aforementioned
restricted stocks have completed the repurchase and cancellation procedures at the Shenzhen Branch of China
Securities Depository and Clearing Corporation Limited. As of now the Company does not have any outstanding
restricted shares.For details please refer to the Announcement on Terminating the Implementation of the 2021 Restricted Stock Plan
and Repurchasing and Canceling Relevant Restricted Shares and the Announcement on the Completion of
Repurchase and Cancellation of Restricted Stocks Related to the 2021 Restricted Stock Plan published by the
Company on www.cninfo.com.cn on April 20 2024 and August 17 2024.The Company carries out accounting treatment related to the restricted stock plan in accordance with the
requirements of accounting standards such as "Enterprise Accounting Standards No. 11 — Share-based Payment".For specific details please refer to the notes to the financial statements (XII. Share-based payments of the
Company’s 2024 Half Year Report).Hikvision 2024 Q3 Report
IV. Quarterly Financial Reports
1. Financial Statements
1.1 Consolidated balance sheet
Unit: RMB
December 31 2023
Item September 30 2024
(Restated)
Current Assets:
Cash and bank balances 28260909688.58 49638158662.54
Held-for-trading financial assets 6251911.26 37380.00
Notes receivable 2137975913.86 2606071375.74
Accounts receivable 39164920133.42 35816573511.44
Receivables for financing 2014585861.86 1594219832.62
Prepayments 708185282.32 508151405.92
Other receivables 492190178.38 571912035.93
Inventories 20035881949.03 19211444296.82
Contract assets 992428761.39 1173312415.20
Non-current assets due within one year 1053325098.19 1079721006.23
Other current assets 1092590576.82 961593616.75
Total Current Assets 95959245355.11 113161195539.19
Non-current Assets:
Long-term receivables 400367382.12 538698618.76
Long-term equity investment 1122470844.34 1151104887.85
Other non-current financial assets 451965205.86 472184937.66
Fixed assets 13244859559.02 11508312342.17
Construction in progress 4170864557.44 4307651074.46
Right-of-use assets 462477983.20 521061396.66
Intangible assets 1834790925.05 1810476551.45
Goodwill 310450908.86 311353640.88
Long-term deferred expenses 145588105.65 177361533.93
Deferred tax assets 2054660129.82 1978373012.15
Other non-current assets 3936557540.62 2920349344.39
Total Non-current Assets 28135053141.98 25696927340.36
Total Assets 124094298497.09 138858122879.55
Current Liabilities:
Short-term borrowings 905243323.50 2118952026.06
Held-for-trading financial liabilities 16554651.68 38079755.04
Notes payable 765755176.30 1163687279.58
Accounts payable 16678074026.03 19163485888.09Hikvision 2024 Q3 Report
December 31 2023
Item September 30 2024
(Restated)
Contract liabilities 3235944808.92 2977990775.40
Payroll payable 4861393410.96 6120471280.78
Taxes payable 1712044947.24 1622550187.86
Other payables 3591517280.54 3911612841.06
Including: dividends payable 190451.32 253957413.29
Non-current liabilities due within one year 1498369099.66 5814660214.96
Other current liabilities 376046158.78 1481222044.19
Total Current Liabilities 33640942883.61 44412712293.02
Non-current Liabilities:
Long-term borrowings 5667258530.03 8940122961.01
Lease liabilities 312411600.21 344005866.13
Long-term payables 13834298.97 15526169.45
Provisions 242353235.28 213084038.31
Deferred income 819853474.28 966259592.34
Deferred tax liabilities 155688650.40 129866978.18
Other non-current liabilities 47955108.11 1672933103.20
Total Non-current liabilities 7259354897.28 12281798708.62
Total Liabilities 40900297780.89 56694511001.64
Owners’ Equity
Share capital 9233198326.00 9330600931.00
Capital reserves 5870267200.03 7864903763.52
Less: Treasury shares - 2737987226.55
Other comprehensive income (81588338.10) 44667516.16
Surplus reserves 4715460312.00 4715460312.00
Retained earnings 57090334413.07 57136620244.01
Total owners' equity attributable to owner
of the Company 76827671913.00 76354265540.14
Minority equity 6366328803.20 5809346337.77
Total Owners' Equity 83194000716.20 82163611877.91
Total Liabilities and Owners' Equity 124094298497.09 138858122879.55
Legal Representative: Hu Yangzhong
Person in Charge of the Accounting work: Jin Yan
Person in Charge of Accounting Institution: Zhan JunhuaHikvision 2024 Q3 Report
1.2 Consolidated income statement from the beginning of the year to the end of the reporting period
Unit: RMB
2023 Q1~Q3
Item 2024 Q1~Q3
(Restated)
I. Revenue 64991467788.45 61276013250.23
II．Total Operating Costs 55973716430.00 51801109054.37
Less: Cost of sales and services 35903245768.50 33792365273.38
Business taxes and surcharges 518733466.76 526331975.20
Selling expenses 8686531329.34 7702706183.02
Administrative expenses 2261849315.30 2044820853.41
Research and development (R&D) 8736220937.73 8173026397.26
expenses
Financial expenses (132864387.63) (438141627.90)
Including：Interest expenses 316839376.56 327860614.56
Interest income 712317025.99 705770798.65
Add: Other income 1938138530.25 1695250638.04
Investment income (loss"-") 37783854.68 39763080.90
Including: Investment gains (losses) in
associated enterprise and joint-venture (89958117.85) (42311858.66)
enterprise
Gains (loss"-") from changes in fair values 7519902.82 83987239.15
Credit impairment losses ("-") (600045342.10) (541104768.19)
Impairment losses ("-") of assets (269141180.16) (269035009.89)
Asset disposal income (loss"-") (13809533.99) (12073109.46)
III. Operating Profit (loss"-") 10118197589.95 10471692266.41
Add: Non-operating income 51891881.12 76153790.31
Less: Non-operating expenses 19894367.06 13606755.97
IV. Total Profit (loss"-") 10150195104.01 10534239300.75
Less: Income tax expenses 1242370816.25 1035810349.56
V. Net Profit (loss"-") 8907824287.76 9498428951.19
5.1 Classification by operation continuity
(a) Net profit (loss) on continuous 8907824287.76 9498428951.19
operation
(b) Net profit (loss) on terminated - -
operation
5.2 Classification by attribution of
ownership
(a) Net profit attributable to owners of 8107748494.46 8851262013.63
parent companyHikvision 2024 Q3 Report
2023 Q1~Q3
Item 2024 Q1~Q3
(Restated)
(b) Profit or loss attributable to minority 800075793.30 647166937.56
shareholders
VI. Other Comprehensive Income Net of
Income Tax (239996824.05) 132104468.87
Other comprehensive income attributable to
owners of the Company net of tax (126255854.26) 54815351.50
(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 (126255854.26) 54815351.50
periods
1. Exchange differences arising on
conversion of financial statements (126255854.26) 54815351.50
denominated in foreign currencies
Other comprehensive income attributable to
minority interests net of tax (113740969.79) 77289117.37
VII. Total Comprehensive Income 8667827463.71 9630533420.06
Total comprehensive income attributable to
owners of the parent company 7981492640.20 8906077365.13
Total comprehensive income attributable to
minority shareholders 686334823.51 724456054.93
VIII. Earnings Per Share
(I) Basic earnings per share 0.878 0.949
(II) Diluted earnings per share 0.878 0.949
A business combination under common control occurred during the reporting period. The acquiree realized net loss of RMB295677.15
before the combination and realized net profits of RMB197700.87 during the last reporting period.Legal Representative: Hu Yangzhong
Person in Charge of the Accounting work: Jin Yan
Person 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
2023 Q1~Q3
Item 2024 Q1~Q3
(Restated)
I. Cash Flows from Operating Activities:
Cash received from sale of goods or rendering of services 67372383421.35 64047725763.17
Receipts of tax refunds 3213608844.77 2795802674.28
Other cash receipts relating to operating activities 1296159457.61 1467228938.83
Sub-total of cash inflows from operating activities 71882151723.73 68310757376.28
Cash payments for goods purchased and services received 43319394936.84 39429134297.75
Cash paid to and on behalf of employees 15514458996.41 13870585455.27
Payments of various types of taxes 4712595300.53 4618580862.27
Other cash payments relating to operating activities 5731977415.15 4479430558.91Hikvision 2024 Q3 Report
2023 Q1~Q3
Item 2024 Q1~Q3
(Restated)
Sub-total of cash outflows from operating activities 69278426648.93 62397731174.20
Net Cash Flows from Operating Activities 2603725074.80 5913026202.08
II. Cash Flows from Investing Activities:
Cash receipts from recovery of investments 1942144541.12 3676551269.16
Cash receipts from investment income 67033430.58 2170800.00
Net cash receipts from disposals of fixed assets intangible
assets and other long-term assets 5366246.45 4992600.07
Other cash receipts relating to investing activities 43213496.63 45490116.17
Sub-total of cash inflows from investing activities 2057757714.78 3729204785.40
Cash payments to acquire or construct fixed assets
intangible assets and other long-term assets 3387563388.43 3321446998.66
Cash paid to acquire investments 1985960403.43 3803400267.38
Net cash paid to acquire subsidiaries and other business
units - 43992651.82
Sub-total of cash outflows from investing activities 5373523791.86 7168839917.86
Net Cash Flows from Investing Activities (3315766077.08) (3439635132.46)
III. Cash Flows from Financing Activities:
Cash receipts from capital contributions - 10820000.00
Including: cash receipts from capital contributions from
minority owners of subsidiaries - 10820000.00
Cash receipts from borrowings 5701717778.30 8411594640.04
Other cash receipts relating to financing activities 2007056.47 5000000.00
Sub-total of cash inflows from financing activities 5703724834.77 8427414640.04
Cash repayments of borrowings 14450997152.86 3193590889.95
Cash payments for distribution of dividends or profits or
settlement of interest expenses 8892175431.16 6919370094.76
Other cash payments relating to financing activities 2953233662.83 881998903.51
Sub-total of cash outflows from financing activities 26296406246.85 10994959888.22
Net Cash Flows from Financing Activities (20592681412.08) (2567545248.18)
IV. Effect of Foreign Exchange Rate Changes on Cash and
Cash Equivalents (43647573.77) 91529173.89
V. Net Decrease in Cash and Cash Equivalents (21348369988.13) (2625004.67)
Add: Opening balance of Cash and Cash Equivalents 49427967355.78 39825124107.52
VI. Closing Balance of Cash and Cash Equivalents 28079597367.65 39822499102.85
Legal Representative: Hu Yangzhong
Person in Charge of the Accounting work: Jin Yan
Person in Charge of Accounting Institution: Zhan JunhuaHikvision 2024 Q3 Report
2. Adjustments to financial report at the beginning of the year relating to the initial adoption of the new
accounting standards or interpretation of standards since 2024.□Applicable √Inapplicable
3. Audit Report
Whether audit has been performed on this 2024 3rd Quarter Report
□ Yes √ No
The Company’s 2024 3rd Quarter report has not been audited.HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO. LTD.Board of Directors
October 26 2024
Note:
This document is a translated version of the Chinese version 2024 3rd Quarter Report (“2024 年第三季度报告”)
and the published announcements in the Chinese version shall prevail. The complete published Chinese 2024 3rd
Quarter Report may be obtained at www.cninfo.com.cn.
