Hangzhou science and technology “hidden champion” : the income of more than 80 billion yuan, the world’s first four consecutive years

2022-07-31 0 By

When it comes to hangzhou enterprises, many people will first think of e-commerce giant Ali, or beverage leaders such as Wahaha and Nongfu Spring, as well as manufacturing enterprises such as Geely, Risesun, Hengyi and Wanxiang.There are also many local “hidden champions”, such as Hikvision, which we will introduce today.Public information shows that it is a video-centered intelligent Internet of things solution and big data service provider. After more than 20 years of development, its products and solutions have been applied in more than 150 countries and regions around the world.According to the list of “Hangzhou Manufacturing (Digital Economy) Top 100 Enterprises in 2021”, Hikvision ranks 10th.And in 2021 global Security top 50 list, it has retained the top spot for four consecutive years by absolute advantage, with sales revenue of 8.309 billion US dollars, more than 2-4 Dahua Shares, Sweden Asalai, Sweden Axons combined.The starting point of Hikvision is the 52nd Institute of China Electronics Technology Group Corporation.At the beginning of this century, the digital monitoring industry entered a period of rapid development. Chen Zongnian and Hu Yangzhong, engineers who had been working in the research institute for more than ten years, decided to start their own business. Gong Hongjia, who had “codec technology”, co-founded Hikvision.It is worth mentioning that the three were not only born in the same year, but also graduated from Huazhong University of Science and Technology, known as the “Haikang Three Swordsmen”.In the beginning, Hikvision sold board cards, hard disk recorders (DVR) as the main business.Coinciding with the technology upgrading of the video monitoring industry, they launched the board card based on MPEG4 standard, with the advantage of saving hard disk storage space and network transmission bandwidth, and won 60% of the market share.Subsequently, it became the first company in China to productize the H.264 standard.In the future, hikvision will enter the front-end camera market through back-end card, storage and other security products by mastering ISP, 3D noise reduction, video coding, network transmission and other technologies.In 2009, I established a system company and gradually transformed from a product supplier to a product and solution provider.In the tenth year since its establishment, Hikvision has become the world’s leading video surveillance market.In 2013, they began to deploy smart home, intelligent robot, automotive electronics and other fields, launched “AI Cloud” and “Smart Base”, and proposed “Cloud edge fusion” computing architecture and “thing and information fusion” data architecture.From an entrepreneurial team of 28 people, Hikvision has developed into a high-tech enterprise with more than 40,000 people. Last year, hikVision achieved revenue of 81.301 billion yuan and net profit of 16.784 billion yuan, up 28.03% and 25.39% year-on-year respectively.Core products, such as camera/intelligent ball machine, optical terminal machine, DVR/DVS/ board card and central management software, are widely used in security, transportation, education, energy and other industries, playing an important role in the Beijing Olympic Games, Shanghai World Expo and other activities.It will also be the official intelligent Iot and big data service sponsor of Hangzhou 2022 Asian Games and Asian Para Games, providing intelligent services in various fields such as intelligent command, intelligent security and security check, intelligent traffic scheduling, etc.Behind the brilliant achievements, can not leave the continuous investment in research and development.Since its listing, its R&D expense ratio has been maintained at about 8%, and has been increasing year by year in recent years.In the first half of last year alone, r&d investment reached 3.878 billion yuan, accounting for 11.44% of the company’s revenue.Some research institutions predict that the market size of China’s security industry will break through the trillion mark in 2022, reaching 1042.6 billion yuan.With the big pie attracting Huawei, Alibaba, Tencent and many AI unicorns, Hikvision faces a huge challenge.It remains to be seen whether high growth can be maintained in the future.