HANGZHOU, China, Feb. 29, 2016 /PRNewswire/ -- Hikvision, the global leader in innovative video surveillance products and solutions, has announced its preliminary earnings results for the full-year 2015, with revenues of US$3.88 billion, amounting to a 46.97% growth rate year on year.
Cynthia He, vice president at Hikvision, says there were a number of significant factors behind the company's sustained growth.
"The security industry is continually developing and Hikvision is at the forefront of that development," she says. "Our ongoing investment into research and development is a crucial component of our growth. Each year Hikvision invests 7% to 8% of our sales revenue into R&D, focusing on product innovation and our comprehensive and industry-leading product development system.
"We have an ever-expanding network of domestic and international business contacts, which allow us to keep in touch with the market and make decisions based on the practical requirements of customers worldwide. And our range of total solutions for vertical industries means we can cater to a huge variety of specialist applications.
"In 2016, Hikvision intends to continue with this impressive momentum, with an ongoing emphasis on developing new partnerships, further business expansion, and continuous product innovation."
Hikvision is the world's largest supplier of video surveillance products and solutions. The company specializes in video surveillance technology, as well as designing and manufacturing a full-line of innovative CCTV and video surveillance products. The product line ranges from cameras and DVRs to video management software. With the largest R&D team in the industry and state-of-the-art manufacturing facilities, Hikvision offers customers the benefit of world-class products that are designed with cutting-edge technology. For more information, please visit Hikvision's website at www.hikvision.com.
SOURCE Hikvision Digital Technology Co., Ltd.