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资讯 Stock Exchange Code：002415No：2026-029
Abbreviation of Securities：Hikvision
Hangzhou Hikvision Digital Technology Co., Ltd. 2026 3<sup>rd</sup> 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, directors, and senior management of Hangzhou Hikvision Digital Technology mathrm C o. , 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 3 mathrm r d quarter financial accounting report has been audited □Yes √ No
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
| 2026 Q3 | YoY Change between 2026 Q3 and 2025 Q3 | 2026 Q1~Q3 | YoY Change between 2026 Q1~Q3 and 2025 Q1~Q3 | |||
| Revenue (RMB) | 27,221,794,841.81 | 13.71% | 74,044,332,688.88 | 12.60% | ||
| Net profit attributable to shareholders of the Company (RMB) | 5,015,680,795.76 | 36.97% | 12,911,386,245.87 | 38.55% | ||
| Net profit attributable to shareholders of the Company excluding non-recurring gains and losses (RMB) | 4,983,679,645.18 | 43.13% | 12,695,628,331.08 | 41.52% | ||
| Net cash flows from operating activities (RMB) | — | — | 7,213,412,301.86 | -47.34% | ||
| Basic earnings per share (RMB/share) | 0.547 | 37.09% | 1.409 | 38.95% | ||
| Diluted earnings per share (RMB/share) | 0.547 | 37.09% | 1.409 | 38.95% | ||
| Weighted average ROE | 5.89% | 1.33% | 14.99% | 3.56% | ||
| On September 30, 2026 | On December 31, 2025 | Change(%) between December 31, 2025 and September 30, 2026 | ||||
| Total assets (RMB) | 141,391,040,510.18 | 138,049,655,334.62 | 2.42% | |||
| Net assets attributable to shareholders of the Company (RMB) | 84,274,813,591.35 | 83,348,185,885.62 | 1.11% | |||
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) | 9,164,871,550 |
| Fully diluted earnings per share calculated using the latest share capital: | |
| Fully diluted earnings per share (RMB/share) calculated with the latest share capital | 1.409 |
2. Items and Amounts of Non-recurring Gains and Losses
√ Applicable □ Inapplicable
Unit：RMB
| Item | Amount occurred in the current reporting period (2026 Q3) | January 1, 2026–September 30, 2026 |
| Profit or loss from disposal of non-current assets (including the write-off for the impairment provision of assets) | 159,487.61 | 76,385.49 |
| 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 on standard quota or quantitative continuous application according to the state industrial policy) | 34,025,554.55 | 163,526,815.55 |
| Apart from the effective hedging activities related to the Company's normal business operations, the fair value changes in financial assets and financial liabilities held by non-financial enterprises, as well as the gains or losses from the disposal of these financial assets and liabilities. | 4,098,647.61 | 71,236,875.51 |
| Profit or loss on debt restructuring | -180,358.83 | 18,342,623.28 |
| Other non-operating income and expenditures except the items mentioned above | 10,139,949.99 | 49,784,753.75 |
| Less: Impact of income tax | 10,615,800.05 | 46,222,066.97 |
| Impact of the minority interests (after tax) | 5,626,330.30 | 40,987,471.82 |
| Total | 32,001,150.58 | 215,757,914.79 |
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 <Explanatory Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the Public—Non-recurring Gains and Losses> as recurring gain/loss item.
□ Applicable √ Inapplicable
The Company does not classify any non-recurring gain/loss item mentioned in the <Explanatory Announcement No. 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
| Item | 2026 Q1 ~ 2026 Q3 | 2025 Q1 ~ 2025 Q3 | YoY Change | Note of changes |
| Net profits attributable to shareholders of the Company (RMB) | 12,911,386,245.87 | 9,319,124,728.48 | 38.55% | Mainly due to year-on-year growth in revenue and an increase in gross profit margin compared to the same period last year. |
| Net profits attributable to shareholders of the Company excluding non-recurring gains and losses (RMB) | 12,695,628,331.08 | 8,970,971,794.87 | 41.52% | |
| Basic earnings per share (RMB/share) | 1.409 | 1.014 | 38.95% | Mainly due to the increase in net profit attributable to shareholders of the Company compared to the same period last year. |
| Diluted earnings per share (RMB/share) | 1.409 | 1.014 | 38.95% | |
| Net cash flows from operating activities (RMB) | 7,213,412,301.86 | 13,697,028,509.05 | -47.34% | Mainly due to increased procurement and inventory expenditure. |
II. The Use of Raised Funds
□ Applicable √ Inapplicable
The Company did not use any raised funds during the reporting period.
III. Shareholder Information
1. Total Number of Common Shareholders and Preferred Shareholders with Resumed Voting Rights and Information about Top 10 Shareholders
Unit: Share
| Total number of common shareholders at the end of the reporting period | 345,842 | Total number of preferred shareholders (if any) whose voting rights have been recovered at the end of the reporting period | 0 | |||
| Particulars about top 10 shareholders (Excludes shares lent through refinancing) | ||||||
| Name of shareholder | Nature of shareholder | Share-holding percentage (%) | Total shares held at the period-end | The number of common shares held with trading restrictions | Pledged, marked or frozen | |
| Status | Amount | |||||
| China Electronics Technology HIK Group Co., Ltd. | Domestic State-owned corporation | 37.28% | 3,416,996,509 | - | ||
| Gong Hongjia | Overseas individual | 10.50% | 962,504,814 | - | Pledged | 266,950,000 |
| Hangzhou Weixun Equity Investment Partnership (Limited Partnership) | Domestic non-state-ownedcorporation | 4.92% | 450,795,176 | - | Pledged | 6,000,000 |
| CETC Investment Holdings Co., Ltd. | Domestic State-owned corporation | 2.71% | 248,366,268 | - | - | - |
| Hangzhou Pukang Equity Investment Partnership (Limited Partnership) | Domestic non-state-owned corporation | 1.99% | 182,510,174 | - | Pledged | 54,760,000 |
| The 52ndResearch Institute at China Electronics Technology Group Co. Ltd. | Domestic State-owned corporation | 1.97% | 180,775,044 | - | Pledged | 90,000,000 |
| Hu Yangzhong | Domestic Individual | 1.70% | 155,996,477 | 116,997,358 | - | - |
| China Life Insurance Co., Ltd. - Traditional - Ordinary Insurance Product - 005L-CT001 SH | Other | 1.39% | 127,584,360 | - | - | - |
| Shanghai Perseverance Asset Management Partnership (Limited Partnership) - Perseverance Adjacent Mountain 1 Yuanwang Fund | Other | 0.84% | 77,000,000 | - | - | - |
| Hong Kong Central Clearing Co. Ltd. | Overseas corporation | 0.83% | 76,362,573 | - | - | - |
| 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) | ||||||
| Name of shareholder | Number of common shares without trading restrictions held at the period-end | Type and number of shares | ||||
| Type | Number | |||||
| China Electronics Technology HIK Group Co., Ltd. | 3,416,996,509 | RMB common shares | 3,416,996,509 | |||
| Gong Hongjia | 962,504,814 | RMB common shares | 962,504,814 | |||
| Hangzhou Weixun Equity Investment Partnership (Limited Partnership) | 450,795,176 | RMB common shares | 450,795,176 | |||
| CETC Investment Holdings Co., Ltd | 248,366,268 | RMB common shares | 248,366,268 | |||
| Hangzhou Pukang Equity Investment Partnership (Limited Partnership) | 182,510,174 | RMB common shares | 182,510,174 | |||
| The 52ndResearch Institute at China Electronics Technology Group Co. Ltd | 180,775,044 | RMB common shares | 180,775,044 | |||
| China Life Insurance Co., Ltd. - Traditional - Ordinary Insurance Product - 005L-CT001 SH | 127,584,360 | RMB common shares | 127,584,360 | |||
| Shanghai Perseverance Asset Management Partnership (Limited Partnership) - Perseverance Adjacent Mountain 1 Yuanwang Fund | 77,000,000 | RMB common shares | 77,000,000 | |||
| Hong Kong Central Clearing Co. Ltd. | 76,362,573 | RMB common shares | 76,362,573 | |||
| Shanghai Chongyang Strategic Investment Co., Ltd. - Chongyang Strategic Intelligence Fund | 61,821,071 | RMB common shares | 61,821,071 | |||
| Explanation on associated relationship and concerted actions among above shareholders | In the aforementioned shareholders, China Electronics Technology HIK Group Co., Ltd., CETC Investment Holdings Co., Ltd., and The 52ndResearch Institute at China Electronics Technology Group Co., Ltd. are acting in concert. Mr. Gong Hongjia, and Hangzhou Pukang Equity Investment Partnership (LimitedPartnership) are acting in concert. Hu Yangzhong and Hangzhou Weixun Equity 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
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 √ Inapplicable
IV. Other Significant Events
□Applicable √Inapplicable
V. Quarterly Financial Reports
1. Financial Statements
1.1 Consolidated balance sheet
Unit: RMB
| Item | September 30, 2026 | December 31, 2025 |
| Current Assets: | ||
| Cash and bank balances | 37,083,532,987.38 | 46,508,328,658.44 |
| Derivative financial assets | 29,129,845.54 | 4,792,243.40 |
| Notes receivable | 2,762,472,687.58 | 3,051,356,562.64 |
| Accounts receivable | 28,366,330,714.39 | 29,812,378,945.77 |
| Receivables for financing | 2,424,159,625.91 | 2,430,030,662.65 |
| Prepayments | 880,956,917.04 | 856,749,328.34 |
| Other receivables | 496,244,566.85 | 442,502,788.34 |
| Inventories | 33,334,042,945.46 | 20,472,193,858.80 |
| Contract assets | 966,541,219.01 | 974,450,159.71 |
| Non-current assets due within one year | 402,854,361.94 | 603,989,194.29 |
| Other current assets | 2,979,517,240.29 | 1,251,688,100.54 |
| Total Current Assets | 109,725,783,111.39 | 106,408,460,502.92 |
| Non-current Assets: | ||
| Long-term receivables | 161,685,427.87 | 225,857,779.77 |
| Long-term equity investment | 1,566,986,324.01 | 1,669,074,600.75 |
| Other non-current financial assets | 672,806,550.52 | 589,955,315.74 |
| Fixed assets | 19,780,461,334.73 | 20,176,914,451.95 |
| Construction in progress | 2,241,414,829.98 | 1,914,110,895.67 |
| Right-of-use assets | 495,322,919.16 | 442,495,841.87 |
| Intangible assets | 1,772,786,002.11 | 1,830,074,205.02 |
| Goodwill | 307,081,066.52 | 311,187,727.01 |
| Long-term deferred expenses | 123,432,964.86 | 148,029,527.26 |
| Deferred tax assets | 2,698,039,565.65 | 2,435,622,521.84 |
| Other non-current assets | 1,845,240,413.38 | 1,897,871,964.82 |
| Total Non-current Assets | 31,665,257,398.79 | 31,641,194,831.70 |
| Total Assets | 141,391,040,510.18 | 138,049,655,334.62 |
| Current Liabilities: | ||
| Short-term borrowings | 3,111,656,466.64 | 2,685,866,236.94 |
| Derivative financial liabilities | 4,360,207.36 | 11,299,401.25 |
| Notes payable | 563,915,511.73 | 783,778,534.95 |
| Accounts payable | 21,161,507,372.33 | 19,843,949,575.87 |
| Contract liabilities | 5,274,420,860.66 | 4,200,490,873.07 |
| Payroll payable | 7,154,850,433.10 | 6,937,517,142.35 |
| Taxes payable | 2,899,012,541.04 | 1,794,091,503.07 |
| Other payables | 3,220,932,723.26 | 3,384,020,094.93 |
| Including: dividends payable | 19,272,333.21 | 27,964,450.23 |
| Non-current liabilities due within one year | 1,090,536,778.14 | 3,939,271,129.61 |
| Other current liabilities | 811,638,017.51 | 415,430,882.40 |
| Total Current Liabilities | 45,292,830,911.77 | 43,995,715,374.44 |
| Non-current Liabilities: | ||
| Long-term borrowings | 864,920,073.94 | 1,210,564,814.39 |
| Lease liabilities | 313,976,611.51 | 299,390,966.16 |
| Long-term payables | 9,749,569.60 | 9,749,569.60 |
| Provisions | 109,204,101.28 | 118,435,375.21 |
| Deferred income | 874,460,553.71 | 863,263,662.53 |
| Deferred tax liabilities | 97,838,538.26 | 114,583,208.90 |
| Other non-current liabilities | 282,217,254.55 | 221,089,008.80 |
| Total Non-current liabilities | 2,552,366,702.85 | 2,837,076,605.59 |
| Total Liabilities | 47,845,197,614.62 | 46,832,791,980.03 |
| Owners’ Equity | ||
| Share capital | 9,164,871,550.00 | 9,164,871,550.00 |
| Capital reserves | 4,413,883,143.01 | 4,385,374,479.22 |
| Other comprehensive income | (75,549,372.10) | 23,384,816.83 |
| Surplus reserves | 4,715,460,312.00 | 4,715,460,312.00 |
| Retained earnings | 66,056,147,958.44 | 65,059,094,727.57 |
| Total owners' equity attributable to owner of the Company | 84,274,813,591.35 | 83,348,185,885.62 |
| Minority equity | 9,271,029,304.21 | 7,868,677,468.97 |
| Total Owners' Equity | 93,545,842,895.56 | 91,216,863,354.59 |
| Total Liabilities and Owners' Equity | 141,391,040,510.18 | 138,049,655,334.62 |
Legal Representative: Hu Yangzhong Person in Charge of the Accounting work: Jin Yan
Person in Charge ofAccounting Institution: Zhan Junhua
1.2 Consolidated income statement from the beginning of the year to the end of the reporting period
Unit: RMB
| Item | 2026 Q1~Q3 | 2025 Q1~Q3 |
| I. Revenue | 74,044,332,688.88 | 65,757,782,457.01 |
| II. Total Operating Costs | 59,188,922,629.18 | 55,686,958,076.14 |
| Less: Cost of sales and services | 37,296,459,322.48 | 35,925,957,434.61 |
| Business taxes and surcharges | 650,724,444.39 | 580,526,397.79 |
| Selling expenses | 9,015,091,949.96 | 8,848,755,711.92 |
| Administrative expenses | 2,369,513,819.17 | 2,228,082,915.85 |
| Research and development (R&D) expenses | 9,346,283,132.75 | 8,738,019,947.93 |
| Financial expenses | 510,849,960.43 | (634,384,331.96) |
| Including: Interest expenses | 116,685,989.12 | 153,576,328.82 |
| Interest income | 470,269,397.35 | 392,986,285.68 |
| Add: Other income | 2,067,807,246.50 | 2,077,470,226.71 |
| Investment income (loss"-") | 772,713,474.59 | 142,210,131.47 |
| Including: Investment gains (losses) in associated enterprise and joint-venture enterprise | 710,608,634.70 | 171,642,463.57 |
| Gains on derecognition of financial assets measured at amortized cost | - | 89,740.00 |
| Gains (loss"-") from changes in fair values | 44,053,287.73 | (26,762,278.99) |
| Credit impairment losses (-") | (572,260,387.91) | (346,820,752.43) |
| Impairment losses (-") of assets | (336,617,774.63) | (318,298,549.51) |
| Asset disposal income (loss"-") | 718,740.45 | 19,524,387.58 |
| III. Operating Profit (loss"-") | 16,831,824,646.43 | 11,618,147,545.70 |
| Add: Non-operating income | 72,225,953.24 | 53,542,089.72 |
| Less: Non-operating expenses | 27,903,667.03 | 12,125,089.21 |
| IV. Total Profit (loss"-") | 16,876,146,932.64 | 11,659,564,546.21 |
| Less: Income tax expenses | 2,162,263,053.19 | 1,405,797,200.10 |
| V. Net Profit (loss"-") | 14,713,883,879.45 | 10,253,767,346.11 |
| 5.1 Classification by operation continuity | ||
| (a) Net profit (loss) on continuous operation | 14,713,883,879.45 | 10,253,767,346.11 |
| (b) Net profit (loss) on terminated operation | - | - |
| 5.2 Classification by attribution of ownership | ||
| (a) Net profit attributable to owners of parent company | 12,911,386,245.87 | 9,319,124,728.48 |
| (b) Profit or loss attributable to minority shareholders | 1,802,497,633.58 | 934,642,617.63 |
| VI. Other Comprehensive Income, Net of Income Tax | (150,363,152.91) | 213,152,756.92 |
| Other comprehensive income attributable to owners of the Company, net of tax | (98,934,188.93) | 139,659,957.61 |
| (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 periods | (98,934,188.93) | 139,659,957.61 |
| 1. Exchange differences arising on conversion of financial statements denominated in foreign currencies | (98,934,188.93) | 139,659,957.61 |
| Other comprehensive income attributable to minority interests, net of tax | (51,428,963.98) | 73,492,799.31 |
| VII. Total Comprehensive Income | 14,563,520,726.54 | 10,466,920,103.03 |
| Total comprehensive income attributable to owners of the parent company | 12,812,452,056.94 | 9,458,784,686.09 |
| Total comprehensive income attributable to minority shareholders | 1,751,068,669.60 | 1,008,135,416.94 |
| VIII. Earnings Per Share | ||
| (I) Basic earnings per share | 1.409 | 1.014 |
| (II) Diluted earnings per share | 1.409 | 1.014 |
Legal Representative: Hu Yangzhong
Person in Charge of the Accounting work: Jin Yan
Person in Charge ofAccounting Institution: Zhan Junhua
1.3 Consolidated cash flow statement from the beginning of the year to the end of the reporting period
Unit: RMB
| Item | 2026 Q1~Q3 | 2025 Q1~Q3 |
| I. Cash Flows from Operating Activities: | ||
| Cash received from sale of goods or rendering of services | 83,576,384,345.09 | 78,369,270,196.90 |
| Receipts of tax refunds | 4,079,167,094.43 | 3,236,882,063.37 |
| Other cash receipts relating to operating activities | 1,104,760,791.75 | 1,186,697,756.92 |
| Sub-total of cash inflows from operating activities | 88,760,312,231.27 | 82,792,850,017.19 |
| Cash payments for goods purchased and services received | 53,956,517,437.52 | 43,989,344,135.13 |
| Cash paid to and on behalf of employees | 15,871,601,533.09 | 15,020,772,578.45 |
| Payments of various types of taxes | 6,226,510,841.24 | 4,871,467,136.41 |
| Other cash payments relating to operating activities | 5,492,270,117.56 | 5,214,237,658.15 |
| Sub-total of cash outflows from operating activities | 81,546,899,929.41 | 69,095,821,508.14 |
| Net Cash Flows from Operating Activities | 7,213,412,301.86 | 13,697,028,509.05 |
| II. Cash Flows from Investing Activities: | ||
| Cash receipts from recovery of investments | 11,787,927,956.10 | 3,485,922,506.33 |
| Cash receipts from investment income | 868,483,095.83 | 94,952,951.57 |
| Net cash receipts from disposals of fixed assets, intangible assets and other long-term assets | 29,332,415.76 | 116,817,690.29 |
| Other cash receipts relating to investing activities | 36,478,155.76 | 83,324,543.71 |
| Sub-total of cash inflows from investing activities | 12,722,221,623.45 | 3,781,017,691.90 |
| Cash paid to acquire investments | 11,865,713,160.22 | 3,526,776,934.84 |
| Cash payments to acquire or construct fixed assets, intangible assets and other long-term assets | 2,232,313,718.70 | 3,084,953,932.55 |
| Sub-total of cash outflows from investing activities | 14,098,026,878.92 | 6,611,730,867.39 |
| Net Cash Flows from Investing Activities | (1,375,805,255.47) | (2,830,713,175.49) |
| III. Cash Flows from Financing Activities: | ||
| Cash receipts from borrowings | 2,577,517,277.08 | 2,958,594,145.25 |
| Sub-total of cash inflows from financing activities | 2,577,517,277.08 | 2,958,594,145.25 |
| Cash repayments of borrowings | 5,189,960,000.00 | 3,214,101,612.10 |
| Cash payments for distribution of dividends or profits or settlement of interest expenses | 12,352,346,973.98 | 8,446,049,990.60 |
| Other cash payments relating to financing activities | 246,064,794.79 | 1,891,269,646.27 |
| Sub-total of cash outflows from financing activities | 17,788,371,768.77 | 13,551,421,248.97 |
| Net Cash Flows from Financing Activities | (15,210,854,491.69) | (10,592,827,103.72) |
| IV. Effect of Foreign Exchange Rate Changes on Cash and Cash Equivalents | (229,706,797.44) | 47,525,893.69 |
| V. Net Increase (Decrease) in Cash and Cash Equivalents | (9,602,954,242.74) | 321,014,123.53 |
| Add: Opening balance of Cash and Cash Equivalents | 46,204,338,694.43 | 36,053,042,380.29 |
| VI. Closing Balance of Cash and Cash Equivalents | 36,601,384,451.69 | 36,374,056,503.82 |
Legal Representative: Hu Yangzhong
Person in Charge of the Accounting work: Jin Yan
Person in Charge ofAccounting Institution: Zhan Junhua
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 2026.
□Applicable √Inapplicable
3. Audit Report
Whether audit has been performed on the 2026 3<sup>rd</sup> quarter financial report
□ Yes √ No
The Company’s 2026 3<sup>rd</sup> quarter financial report has not been audited.
October 17, 2026
Board of Directors
HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD.
Note:
This document is a translated version of the Chinese version 2026 3<sup>rd</sup> Quarter Report (“2026 年第三季度报告”), and the published announcements in the Chinese version shall prevail. The complete published Chinese 2026 3<sup>rd</sup> Quarter Report may be obtained at www.cninfo.com.cn
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