Summary: Hikvision achieved operating income of 23.92 billion yuan in the first half of 2019, an increase of 14.6% year-on-year, achieving net profit of return on behalf of 4.7% year-on-year, with a net profit of 4.12 billion yuan, an increase of 2.8% year-on-year; Among them, the second quarter was a single quarter to achieve sales of 14 billion yuan, an increase of 21.5% year-on-year, and the net profit of returning is 2.68 billion yuan, a year-on-year increase of 15%. The company predicts net profit growth of 0-15% in the first three quarters of 2019.
In the second quarter, the performance is super expected, which is the company's internal and external results. In addition, Hikvision continues to consolidate overseas channels, strengthen local operations and service capabilities, and the sales cost of the first half of the year increased by 21.3%, mainly the company continued to invest in domestic and foreign marketing networks; in the internal, Haikang Weijian Setting up PBG (public service business group), EBG (enterprise business group), SMBG (SMG business group) three major business groups validly collaboratively collaborative internal resources, providing targeted solutions according to customer differences, implementing company overall resources Efficient configuration. In the first half of the year, the company adjusted product structure, and the added value of the product was increased. The hair growth rate reached 46.3%, which was 1.8 percentage points over the same period last year; but in order to expand the market, accumulated technology, sales fees and management costs significantly, half-year net interest rate 17.7% Compared to the decline in last year, it does not affect the company's long-term competitiveness. The company has increased in the first half of the quarter, and the number of inventories increased from 95 days to 100 days, but the accounts receivable were increased. The number of turnover days was reduced from 151 days to 134 days, and the company has maintained a good level in the first half of the year. Provide a foundation for future growth.
Benefit, the performance has grown steadily. "Snow Engineering" is a command platform in the county, township and village three-level comprehensive management center, based on comprehensive management information, based on grid management, and focusing on public safety video surveillance networking applications "Mass security Prevention and Control Engineering, long-term favorable security industry, as a global security industry leader, engineering construction demand and height of Haikang Weiwei product service, which is conducive to promoting company performance to continue to grow steadily. "Snow Engineering" has a rebate in the scale of the project at the end of 2018, and in 2020, only 42 billion yuan market space is only 42 billion yuan in the urban and rural market.
The large-scale quality R & D personnel and R & D expenditures are the driving force for Haikang's continued growth. In the first half of the year, Haikangwei R & D costs were 2.5 billion yuan, an increase of 31% year-on-year, accounting for more than 10% income. On the one hand, Hikvision is investigated in terms of traditional security, on the other hand, accelerates the Ai Cloud cloud fusion computing structure, and the letter-fusion data architecture continues to land. In the next few years, Hikvision will focus on the AI Cloud open platform and work together to promote the development of the Internet of Things industry.
Fluorite business opens a new market. The fluorite business, Haikang robot, Hikva drone, automotive electronics, storage business market is gradually opening, continuously providing new motivation for the company's development, and gradually become a new kinetic energy for the company's long-term development. Southwest Securities believes that this part of the business will continue to contribute to the company. Read the full text, original title: Haikang Wei Wei Q2 performance super expected, security real faucet takes off
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