海康威视:2024年半年度报告(英文版)

Hangzhou Hikvision Digital Technology Co., Ltd.
2024 Half Year Report
January to June 2024
August 17, 2024

Section I Important Notes, Contents and Definitions
The Board of Directors, Board of Supervisors, directors, supervisors and senior management of
Hangzhou Hikvision Digital Technology Co., Ltd. (hereinafter referred to as the "Company") hereby
guarantee that the information presented in this report shall be together be wholly liable for the
truthfulness, accuracy and completeness of its contents and free of any false records, misleading
statements or material omissions, and will undertake individual and joint legal liabilities.
Hu Yangzhong, the Company's legal representative, Jin Yan, the person in charge of the
accounting work, and Zhan Junhua, the person in charge of accounting department (accounting
supervisor) hereby declare and warrant that the financial statements in this half year report are
authentic, accurate and complete.
All directors of the Company have attended the board meeting to review this report.
Thehalf yearproposal ofprofit distributionorsharedistributionfrom capital reservepassedupon
deliberation at the meeting of the Board of Directors (not applicable): The Company will not
distribute cash dividend, distribute bonus shares, or distribute shares from capital reserve during the
current reporting period.
Note:
This document is a translated version of the Chinese version 2024 Half Year Report (“2024 年半年
度报告”), and the published announcements in the Chinese version shall prevail. The complete
published Chinese 2024 Half Year Report may be obtained at www.cninfo.com.cn.

Please read the full half year report and pay particular attention to the following risk factors:
(1) Geopolitical risks: Global geopolitical uncertainty remains acute as the political landscape is being
fragmentedandreshaped,andlocalwarscontinue.Inrecentyears,theCompanyhascontinuouslystrengthened
our risk control and response capabilities, and flexibly adjusted resources based on business opportunities.
However, our operations in some countries and regions may be adversely affected should geopolitical
environment continues to deteriorate.
(2) Global economic downside risks: In addition to slower growth and entrenched currency oversupply in some
major economies, different regions across the world develop at different rates, presenting a hidden risk that is
difficult to eliminate. The Company disperses the risk of operating in a single region with a wide business
layout and conducts business based on the actual situation of various countries and regions. However, the
Company's business will be impacted if another global economic recession arises
(3) Risks of domestic economic structural transformation: The infrastructure and real estate markets in China
continue to undergo adjustments. The exports of some commodities are restricted by trade protection policies
of destination countries, and the advantage of a large labor force is weakened. The Chinese economy is in a
process of transformation of development mode and alternation of new and old driving forces. The Company
empowers the digital transformation of the economy and society with AIoT technologies and products,
promoting new developments in productivity. However, economic transformation cannot be achieved
overnight, and structural pressure and resistance will persist for a long time. Any problems that occur during
the process will still affect the Company's business operations.
(4) Supply chain risks:The integrityof the global supplysystemis undermined bygeopolitics, and the timeliness
ofthesupplychainisaffectedbybusinesscycles.TheCompanystrivestodevelopadiversifiedsupplynetwork
and adjust inventory properly. However, our business stability may be affected if the supply chain is seriously
interrupted.
(5) Technology upgrading risks: With the rapid development of AI, big data, IoT and other technologies,
technological applications are iterating quickly. The Company has some strength in technology fields such as
IoT perception,AI, and big data, and keeps growing through business practices. However, if we cannot closely
track the updates and changes of cutting-edge technologies and maintain business innovation and expansion,
the uncertainty of the Company's future development will increase.

(6) Risks of internal management: The Company's continual business expansion and development of new
products and business services add complexity to internal management, posing new challenges to our
management capabilities. The Company accumulates management experience through the development of
systems and procedures with a focus on talent cultivation and construction. However, the Company's operations
will be adversely affected if our management capabilities cannot keep up with the business expansion.
(7) Legal and c