In Q1 2024, Hangzhou Hikvision Digital Technology reported revenue growth of 10% to CN¥17.8b, compared to the same period in 2023. The company’s net income also increased by 5.8%, reaching CN¥1.92b with a profit margin of 11%, which is in line with the previous year’s figures. Earnings per share (EPS) rose to CN¥0.21 from CN¥0.20 in the first quarter of 2023.
Despite strong financial results, Hangzhou Hikvision Digital Technology failed to meet analyst expectations for revenue and EPS, missing estimates by 6% and 22% respectively. Looking ahead, the company is projected to experience an average annual growth rate of 13% over the next three years, which is lower than the forecasted growth rate of 18% for the Chinese Electronic industry as a whole.
The Chinese Electronic industry has been performing well lately, with shares up 3.8% from the previous week. Valuation analysis suggests that Hangzhou Hikvision Digital Technology may be undervalued based on multiple criteria. To gain a more detailed analysis, including fair value estimates, risks, dividends, insider transactions, and financial health readers can access the full report.
However, it’s important to note that this article is based on historical data and analyst forecasts and should not be considered financial advice. Readers can access further analysis to determine if Hangzhou Hikvision Digital Technology is potentially over or undervalued and voice their feedback or concerns about this article directly to our editorial team.
Hangzhou Hikvision Digital Technology operates in the technology sector and focuses on providing video surveillance solutions for various applications such as security systems for businesses and homes.
In recent years, there has been growing concern about privacy issues related to video surveillance systems like those offered by Hangzhou Hikvision Digital Technology. However, it’s worth noting that while these concerns are valid
:quality(75)/cloudfront-us-east-1.images.arcpublishing.com/elcomercio/GPCZ3CI6YJFNRDZKLEZARWX4RY.jpg)
:quality(75)/cloudfront-us-east-1.images.arcpublishing.com/elcomercio/ILRNRJ4QRNDWFOT6WUNZIVQY7U.jpeg)
:quality(75)/cloudfront-us-east-1.images.arcpublishing.com/elcomercio/YU7DGT3QLZBZDFLTOW7OYPKXHQ.jpg)
:quality(75)/cloudfront-us-east-1.images.arcpublishing.com/elcomercio/7G4SHHFJJFC3TPBYM3YGVIJ7L4.jpg)
:quality(75)/cloudfront-us-east-1.images.arcpublishing.com/elcomercio/BIO4GXKDOJDLDJMACHDOAFKF7A.jpg)
