海康威视:2023年年度报告(英文版)

Hangzhou Hikvision Digital Technology Co., Ltd.
2023Annual Report
April 20, 2024

To Shareholders
The business performance of Hikvision kept improving on a quarterly basis in 2023. Despite the
uneven performance of the Company’s five business groups-PBG, EBG, SMBG, overseas main
business and theinnovativebusiness, greaterstabilityintheoperationhas beenachievedbyHikvision,
in a complex and volatile business environment.
Regardless of our performance, Hikvision has resolutely increased investment in research and
development as we have always believed in long-term efforts. Over the past eight years, Hikvision
has graduallyexpanded perception technologyfrom visible light to centimeter wave, millimeter wave,
far-infrared,mediumwaveinfrared,shortwaveinfrared,ultraviolet andX-ray,aswellastoinfrasound
wave, acoustic wave, and ultrasonic wave. By combining perception with AI technologies, we have
gradually built and improved ourAIoT technology system, launched and improved the products and
solutions, which contributed to the business growth. The survellience business is currently one of the
business directions of the Company's AIoT strategy. We have enhanced our competitiveness in the
survellience industry by increasing non-visible light detector product lines or integrating multiple
detector product lines. Scenario-based digitalization, especially scenario-based digitalization for
enterprises, is another direction of our AIoT strategy. Hikvision has launched some product lines in
this field and is becoming an OT (Operational Technology) manufacturer. Looking digital
transformationofvarious businesses.Weseektobecome apartner of varied businesses intheirdigital
transformation journey by continuously improving our internal operational mechanisms and
optimizing our operational processes. We believe that digital transformation of businesses is a long
process that provides immense potential for our future business growth.
Hikvision has applied AI technology to various perception products and combined AI with big
data technologies for use in system solutions.While exploring and developingindustrial large models
and industrial large multimodal models, we will continue to develop industry software to provide
more suitable products and system solutions for users.
Hikvision is committed to the internationalization strategy. Although severely suppressed in
some countries, the Company has been increasing investment in overseas markets, resulting in
continuous growth of our international business. We will further increase investment in overseas
marketing and enhance our competitiveness in those markets.
Being customer-centric and creating value for customers are always Hikvision's original
aspiration and core values. We stay dedicated to being open, transparent, and honest towards
customers, shareholders, and employees.
Our sincere gratitude goes to all shareholders for your commitment to Hikvision and for your
trust in the management team!
See far, go further!
Board of Directors of Hangzhou Hikvision Digital Technology Co., Ltd.
April, 2024
Section I Important Notes, Contents and Definitions
The Board of Directors, Board of Supervisors, directors, supervisors and senior management
guarantee that the information presented in this report is true, accurate and complete without false
records, misleading statements or material omissions, and will undertake individual and joint legal
liabilities.
Chen Zongnian, the Company's legal representative, Jin Yan, the person in charge of the
accounting work, and Zhan Junhua, the person in charge of accounting department (accounting
supervisor) hereby declare and warrant that the financial statements in this annual report are true,
accurate and complete.
All directors of the Company have attended the board meeting to review this report.
The profit distribution proposal passed upon deliberation at the meetingof the Board of Directors
is set out as follows: Board of Directors based on the Company’s current total share capital of
9,330,600,931 shares, the Companyproposed to distribute cash dividend of RMB9 (tax inclusive) per
each 10 shares to all shareholders, bonus share and share distribution from capital reserve is nil.
Note:
This document is a translated version of the Chinese version 2023 Annual Report ("2023 年年度报
告"), and the published announcements in the Chinese version shall prevail. The complete published
Chinese 2023 Annual Report may be obtained at www.cninfo.com.cn.

Please read the full annual report and pay particular attention to the following risk factors:
1) Geopolitical risks: Global geopolitical uncertainty remains acute as the political landscape is being
fragmentedandreshaped,andlocalwarscontinue. Inrecentyears, theCompanyhascontinuouslystrengthened
our risk control and