Hangzhou Hikvision Digital Technology Co.,Ltd.’s Net Profit Dropped 19.3% in First Quarter of 2023

Hangzhou Hikvision Digital Technology Co.,Ltd. (杭州海康威视数字技术股份有限公司) (002415.SZ) reported a net profit of 1.9 billion yuan in the first quarter of 2023, down 19.3% year-on-year.

Meanwhile, the company posted 16.2 billion yuan in revenue, down 1.9% year-on-year.

At the end of the reporting period, it had 117.2 billion yuan in total assets and 41.8 billion yuan in total liabilities, with a liability-to-asset ratio of 35.7%.