Hangzhou Hikvision Digital Technology (002415) Q3 2026 earnings summary

Executive summary

• Q1–Q3 revenue reached RMB 74.04bn, up 12.60% YoY; net profit attributable to owners was RMB 12.91bn, up 38.55%.

• Q3 revenue was RMB 27.22bn, up 13.71% YoY; net profit attributable to owners was RMB 5.02bn, up 36.97%.

Financial highlights

• Q1–Q3 net profit excluding non-recurring gains and losses was RMB 12.70bn, up 41.52% YoY; reported net profit was RMB 12.91bn.

• Consolidated Q1–Q3 net profit was RMB 14.71bn, including RMB 1.80bn attributable to minority shareholders.

• Q1–Q3 operating profit was RMB 16.83bn; total profit was RMB 16.88bn.

• Non-recurring gains and losses totaled RMB 215.8m for Q1–Q3, including government subsidies, investment-related gains and other non-operating items.

Key financial ratios and metrics

• Q1–Q3 basic and diluted EPS were both RMB 1.409, up 38.95% YoY; fully diluted EPS using latest share capital was also RMB 1.409.

• Operating cash flow was RMB 7.21bn in Q1–Q3, down 47.34% YoY; increased procurement and inventory expenditure were cited as the main reason.

• Total assets were RMB 141.39bn at September 30, 2026, up 2.42% from December 31, 2025; net assets attributable to owners were RMB 84.27bn, up 1.11%.