HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD.
2023 Fiscal Year Financial Preview
Hangzhou Hikvision Digital Technology Co., Ltd. (hereinafter referred to as the “Company”) andall members of the Board of Directors hereby guarantee that the information presented in this reportshall be truthful, accurate and complete of its contents and shall be free of any false records,misleading statements or material omissions.
Note: The 2023 annual financial data provided in this announcement is preliminary accounting data,which has been reviewed by internal audit. The certified public accountants’ audit has not beenperformed yet. Differences may occur in the finalized audited financial report. Please pay attentionto the potential investment risk.
I. Key Accounting Data and Financial Indicators for Fiscal Year 2023
Unit：RMB
| 2023 | 2022 | YoY Change (%) | |
| Revenue | 89,355,331,277.63 | 83,166,321,681.14 | 7.44% |
| Operating Profit | 16,055,458,165.58 | 14,782,659,755.10 | 8.61% |
| Total Profit | 16,115,098,268.71 | 14,854,951,627.47 | 8.48% |
| Net Profit Attributable to Owners of Parent Company | 14,117,246,426.51 | 12,837,974,483.28 | 9.96% |
| Net Profit Attributable to Owners of Parent Company Excluding Non-Recurring Gains and Losses | 13,644,485,188.35 | 12,331,328,300.83 | 10.65% |
| Basic Earnings per Share | 1.521 | 1.370 | 11.02% |
| Weighted Average ROE (%) | 19.65% | 19.62% | 0.03% |
| At December 31, 2023 | At January 1, 2023 | YoY Change (%) | |
| Total Assets | 138,244,559,117.79 | 119,234,832,912.85 | 15.94% |
| Total Owners’ Equity Attributable to Owners of the Company | 76,358,777,983.20 | 68,389,337,524.32 | 11.65% |
| Share Capital Note 2 | 9,330,600,931.00 | 9,430,920,624.00 | -1.06% |
| Net Assets per Share Attributable to Owners of the Company | 8.18 | 7.25 | 12.83% |
Note 1: The above financial data is filled in with the Company’s consolidated statement data. (Thedata of the previous year has been restated in accordance with the relevant provisions of theInterpretation No. 16 of the Accounting Standards for Business Enterprises.)Note 2: During the reporting period, the Company's total share capital changed from 9, 430,920,624shares to 9,330,600,931 shares due to the completion of the repurchase and cancellation of the publicshares that have been repurchased by the Company and the implementation of the repurchase andcancellation of restricted shares.II. Information about Preliminary Operational and Financial ResultsIn 2023, with the domestic economy stabilizing amid fluctuations and the gradual recovery ofoverseas markets, the Company has been steadily developing in a complex and volatileenvironment, optimizing and improving internal management, improving operational efficiency,and continuously promoting the steady development of the Company's business.
In 2023, the Company achieved revenue of RMB89,355,331,277.63, representing a year-over-yeargrowth of 7.44%; the operating profit was RMB16,055,458,165.58, an increase of 8.61% over thesame period of the previous year; the total profit was RMB16,115,098,268.71, an increase of 8.48%over the same period of the previous year; the net profit attributable to owners of parent companyamounted to RMB14,117,246,426.51, an increase of 9.96% over the year of 2022.
III. Explanation for Any Deviation from Previous Operational Result GuidancePrior to the disclosure of the financial preview, the Company had not disclosed annual operationalresult guidance for the fiscal year of 2023.
IV. Documents Available for Reference
1. The comparative balance sheet and income statement signed and sealed by the person in chargeof the Company, the responsible person in charge of accounting work, and the person in charge ofaccounting organization.
2. Internal audit report signed by the person in charge of the internal audit department.
HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD.
The Board of Directors
January 30, 2024
Note: This document is a translated version of the Chinese 2023 Fiscal Year Financial Preview(“2023年度业绩快报”), and the published announcement in the Chinese version shall prevail. TheChinese 2023 Fiscal Year Financial Preview document may be obtained at www.cninfo.com.cn.