Hangzhou Hikvision Digital Technology Co., Ltd.
2026 Semi-Annual Report
July 25, 2026
Section 1 Important Notices, Table of Contents, and Definitions
The Board of Directors, Board of Supervisors, and senior management of the Company guarantee that the information in this semi-annual report is true, accurate, and complete, and contains no false records, misleading statements, or material omissions, and they assume individual and joint legal liability.
Legal Representative Hu Yangzhong, Person in Charge of Accounting Jin Yan, and Head of Accounting Department (Accounting Supervisor) Zhan Junhua declare: We guarantee the truth, accuracy, and completeness of the financial report in this semi-annual report.
All directors have attended the board meeting to review this semi-annual report.
Profit distribution plan or capital reserve conversion plan for the reporting period reviewed by the Board of Directors:
√ Applicable □ Not applicable
Whether to convert capital reserve into share capital:
□ Yes √ No
The profit distribution plan approved by the Board of Directors is as follows: Based on the total share capital on the equity registration date when the company implements the 2026 interim profit distribution plan, a cash dividend of 5.50 RMB (tax inclusive) will be distributed to all shareholders for every 10 shares. No bonus shares will be issued, and no capital reserve will be converted into share capital. Authorized by the 2025 Annual General Meeting held on May 8, 2026, the 2026 interim profit distribution plan has been reviewed and approved by the Board of Directors on July 24, 2026.
The Company reminds investors to read this report in its entirety and pay special attention to the following risk factors:
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Global economic downturn risk: Growth momentum in major global economies continues to diverge, macro uncertainty caused by inflation volatility and monetary policy adjustments is intensifying, and regional economic imbalances are more prominent. The company relies on its global business layout to disperse single-market risks and flexibly adjusts business strategies to meet local needs. However, if the global economy falls into a sustained recession, the company's overall business will still be significantly affected.
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Geopolitical environment risk: Global geopolitical competition continues to intensify, regional conflicts remain unresolved, unilateralism and trade protectionism are on the rise, and compliance barriers and uncertainties for cross-border operations have increased significantly. The company continues to optimize its global resource layout and strengthen its localized risk management and control system, but if the geopolitical situation suddenly deteriorates, businesses in relevant countries and regions will still face adverse impacts.
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Domestic economic transformation risk: The domestic economy is in a critical period of structural transformation and kinetic energy conversion. Demand in some traditional fields continues to adjust, market expectations still need time to recover, and changes in the external trade environment also pose continuous challenges to corporate exports. The company empowers the digital transformation of thousands of industries with intelligent IoT technology, but if the transformation process falls short of expectations, market demand fluctuations will adversely affect the company's business development.
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Technology upgrade risk: The iteration speed of frontier technologies such as artificial intelligence, IoT, big data, and cloud computing continues to accelerate, and new breakthroughs are constantly being made in the depth and breadth of the integration of technology and physical scenarios. The company has long been deeply involved in core technology fields and relies on massive commercial practices to achieve rapid implementation and iteration of technology. However, if it fails to accurately grasp the trend of technological evolution, it will face the risk of declining market competitiveness.