Hikvision's automotive electronics business grows, but profit pressure remains high

Hikvision's automotive electronics business will achieve revenue of 3.464 billion yuan in 2024, but its net profit will only be 23.695 million yuan, with a net profit margin of less than 1%. Its asset-liability ratio is as high as 94.26%, and Hikvision has provided it with 1.5 billion yuan in financial support.