Hangzhou Hikvision Digital Technology (002415) Q2 2026 earnings summary

Executive summary

• Operating revenue for H1 2026 reached RMB46.82 billion, up 11.97% year-over-year; net profit attributable to shareholders was RMB7.90 billion, up 39.57% year-over-year.

• Innovative businesses contributed RMB15.17 billion in revenue, up 28.93% year-over-year, accounting for 32.40% of total revenue.

• Focus remained on technological innovation, supply chain resilience, and digital-intelligent quality management.

• Domestic and overseas business both grew, with overseas revenue up 10.63% year-over-year.

Financial highlights

• Revenue: RMB46.82 billion (+11.97% YoY); net profit: RMB7.90 billion (+39.57% YoY).

• Net profit excluding non-recurring items: RMB7.71 billion (+40.50% YoY).

• Basic and diluted EPS: RMB0.862 (+40.16% YoY).

• Gross margin: 49.97% (up 4.78 percentage points YoY).

• Net cash flows from operating activities: RMB3.23 billion (down 39.52% YoY).

• R&D investment: RMB6.17 billion (+8.80% YoY).

Outlook and guidance

• Continued focus on intelligent connectivity, innovation-driven growth, and high-quality business development.

• Ongoing optimization of governance, compliance, and investor communication.

• Cash dividend of RMB5.50 per 10 shares for H1 2026, with total cash dividends for 2026 expected to reach RMB11.91 billion.