Hangzhou Hikvision Digital Technology Co., Ltd.
2021 Half Year Report
January to June 2021
July 24th 2021
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.
Chen Zongnian, 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 2021 Half Year Report (“2021 年半年
度报告”), and the published announcements in the Chinese version shall prevail. The complete
published Chinese 2021 Half Year Report may be obtained at www.cninfo.com.cn.
Please read the full annual report and pay particular attention to the following risk factors:
1) Global COVID-19 epidemic risk: The global threat of COVID-19 epidemic has not yet been eliminated,
and there are uncertainties in economic development. If the epidemic situation in the area where the
Company's business is located intensifies, the adverse impact on the Company's business operations will
increase accordingly.
2) Supply chain risks: COVID-19 epidemic and political conflicts have brought adverse impact on the
global raw material supply system. The Company has been making efforts to enhance management for
our supply chain and optimize inventory adjustments and controls. However, if systemic risks arise in the
global supply chain, the Company’s operating capabilities may be affected.
3) Riskof technologyupgrade:Technologies such as artificialintelligence (AI), big data, cloud computing,
and edge computing are developing rapidly. The speed of technology diffusion is accelerating. If the
Company is unable to closely track and adapt to the changes in cutting-edge technologies, or fails to
quickly realize business innovation, the risk of uncertainty in the company's future development will
increase.
4) Risk of internal management: The continual expansion of business scale, the continuous increase of
new products and new businesses, and the continuous growth in total number of employees led to a
significant rise of internal management complexity and higher requirements on the Company's
management system. The Company’s sustainable development will face certain risks if the management
level fails to proportionally address the Company’s business expansion.
5) Global business risks: The Company operates in more than 150 countries and regions around the world.
Asthepotentialrisksofepidemic,debtissues,politicalconflicts,andexchangeratefluctuationsinvarious
countries around the world are difficult to eliminate, the Company’s overseas business operations may be
adversely affected.
6) Legal and compliance risk: The world's multilateral trading system is facing adverse impacts. The laws
and regulations of various regions that need to be complied with for business activities are very
complicated. China and overseas countries have stricter data supervision and business compliance
requirements.If theCompany'slegalcompliancecapbilitiescannotkeepupwiththesituation,itwillbring
adverse impacts on the Company's operations.
7) Risk of exchange rate fluctuation: The Company carries out operations in various countries and regions
with different currencies, mainly settled in non-RMB currency (mainly in USD). Exchange rate
fluctuations could have impact on foreign exchange exposures arising out of sales, procurement and
financing, which could likely affect the profitability level of the Company.
8) Risk of cybersecurity: The Company has always attached great importance and taken active measures
to enhance cybersecurity performance of our products and systems. However, in the context of Internet
applications, there is still a possibility of deliberate attempts, including computer viruses, malicious
software, hacker and others to intention
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