公告日期：2024-04-27

Hangzhou Hikvision Digital Technology Co., Ltd.
2023Annual Report

April 20, 2024


To Shareholders

The business performance of Hikvision kept improving on a quarterly basis in 2023. Despite the
uneven performance of the Company’s five business groups-PBG, EBG, SMBG, overseas main
business and theinnovativebusiness, greaterstabilityintheoperationhas beenachievedbyHikvision,
in a complex and volatile business environment.

Regardless of our performance, Hikvision has resolutely increased investment in research and
development as we have always believed in long-term efforts. Over the past eight years, Hikvision
has graduallyexpanded perception technologyfrom visible light to centimeter wave, millimeter wave,
far-infrared,mediumwaveinfrared,shortwaveinfrared,ultraviolet andX-ray,aswellastoinfrasound
wave, acoustic wave, and ultrasonic wave. By combining perception with AI technologies, we have
gradually built and improved ourAIoT technology system, launched and improved the products and
solutions, which contributed to the business growth. The survellience business is currently one of the
business directions of the Company's AIoT strategy. We have enhanced our competitiveness in the
survellience industry by increasing non-visible light detector product lines or integrating multiple
detector product lines. Scenario-based digitalization, especially scenario-based digitalization for
enterprises, is another direction of our AIoT strategy. Hikvision has launched some product lines in
this field and is becoming an OT (Operational Technology) manufacturer. Looking digital
transformationofvarious businesses.Weseektobecome apartner of varied businesses intheirdigital
transformation journey by continuously improving our internal operational mechanisms and
optimizing our operational processes. We believe that digital transformation of businesses is a long
process that provides immense potential for our future business growth.……
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