杭州海康威视数字技术股份有限公司 截至本公告披露日，毕会娟女士直接持有公司股份236,100股。毕会娟女士辞 去公司高级副总经理职务后将严格按照《公司法》《上市公司董事、监事和高级 管理人员所持本公司股份及其变动管理规则》《深圳证券交易所上市公司自律监 管指引第18号——股东及董事、监事、高级管理人员减持股份》等法律、法规和 规范性文件的规定进行股份管理。 根据《公司法》及公司章程相关规定，毕会娟女士的辞职报告自送达公司董 事会之日起生效。毕会娟女士在担任公司高级副总经理期间恪尽职守、勤勉尽责， 公司及董事会对毕会娟女士在任职期间所作出的贡献表示衷心感谢！ 证券代码：002415 证券简称：海康威视 公告编号：2024-056 号 关于公司高级管理人员辞职的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 杭州海康威视数字技术股份有限公司（以下简称"海康威视"或"公司"） 董事会于2024年10月25日收到公司高级副总经理毕会娟女士的书面辞职报告：因 个人原因申请辞去公司高级副总经理职务。辞去上述职务后，毕会娟女士仍将继 续在公司任职。 杭州海康威视数字技 ...

Revenue and Profit Performance - Revenue for Q3 2024 was RMB 23.78 billion, a slight increase of 0.33% compared to the same period last year[2] - Year-to-date revenue reached RMB 64.99 billion, up 6.06% compared to the same period last year[2] - Total revenue for the first nine months of 2024 reached 64,991,467,788.45 yuan, a 6.1% increase compared to the same period in 2023[18] - Net profit attributable to shareholders decreased by 13.37% to RMB 3.04 billion in Q3 2024[2] - Year-to-date net profit attributable to shareholders decreased by 8.40% to RMB 8.11 billion[2] - Net profit attributable to the parent company's owners was 8,107,748,494.46 yuan, a decrease of 8.4% year-over-year[18] - Comprehensive income for the period totaled 8,667,827,463.71 RMB, a decrease from 9,630,533,420.06 RMB in the previous period[19] - Basic earnings per share for Q3 2024 were RMB 0.339, down 11.02% compared to the same period last year[3] - Basic earnings per share were 0.878 RMB, down from 0.949 RMB in the prior period[19] Cash Flow and Financial Position - Operating cash flow for the first nine months of 2024 was RMB 2.60 billion, a significant decrease of 55.97% year-over-year[3] - Net cash flow from operating activities was 2,603,725,074.80 RMB, down from 5,913,026,202.08 RMB in the prior period[20] - Net cash flow from investing activities was (3,315,766,077.08) RMB, slightly improved from (3,439,635,132.46) RMB in the previous period[21] - Net cash flow from financing activities was (20,592,681,412.08) RMB, a significant decrease from (2,567,545,248.18) RMB in the prior period[21] - Cash and cash equivalents decreased by 21,348,369,988.13 RMB, compared to a decrease of 2,625,004.67 RMB in the previous period[21] - The company's monetary funds decreased by 43.07% to RMB 28.26 billion due to dividend payments and loan repayments[7] - Cash and cash equivalents decreased by 43.1% to 28,260,909,688.58 yuan compared to the end of 2023[16] - The company's cash and cash equivalents at the end of the period were 28,079,597,367.65 RMB, down from 39,822,499,102.85 RMB in the prior period[21] Assets and Liabilities - Total assets decreased by 10.63% to RMB 138.85 billion compared to the end of the previous year[3] - Total assets as of September 30, 2024, were 124,094,298,497.09 yuan, a 10.6% decrease from the end of 2023[16] - Total liabilities decreased by 27.9% to 40,900,297,780.89 yuan compared to the end of 2023[17] - Short-term borrowings decreased by 57.3% to 905,243,323.50 yuan compared to the end of 2023[17] - Long-term borrowings decreased by 36.6% to 5,667,258,530.03 yuan compared to the end of 2023[17] - Accounts receivable increased by 9.3% to 39,164,920,133.42 yuan compared to the end of 2023[16] - Inventory increased by 4.3% to 20,035,881,949.03 yuan compared to the end of 2023[16] Shareholder Information and Share Capital - The company's total share capital as of the disclosure date was 9.23 billion shares[4] - The total number of ordinary shareholders at the end of the reporting period is 384,154[10] - China Electronics Technology Group Corporation holds 36.93% of the shares, totaling 3,410,150,909 shares[10] - Gong Hongjia, an overseas natural person, holds 10.42% of the shares, totaling 962,504,814 shares[10] - Hangzhou Weixun Equity Investment Partnership holds 4.88% of the shares, totaling 450,795,176 shares[10] - Shanghai Gaoyi Asset Management Partnership holds 4.46% of the shares, totaling 412,000,000 shares[10] - China Electronics Technology Group Investment Co., Ltd. holds 2.66% of the shares, totaling 245,161,568 shares[10] - Hangzhou Pukang Equity Investment Partnership holds 1.98% of the shares, totaling 182,510,174 shares[10] - The 52nd Research Institute of China Electronics Technology Group Corporation holds 1.96% of the shares, totaling 180,775,044 shares[10] - Hu Yangzhong, a domestic natural person, holds 1.69% of the shares, totaling 155,996,477 shares[10] - The company terminated the 2021 restricted stock plan and repurchased and canceled 97,402,605 shares, accounting for 1.0439% of the total share capital before the repurchase[15] Government Subsidies and Non-Recurring Gains - Government subsidies contributed RMB 112.57 million to non-recurring gains in Q3 2024[5] R&D Expenses - R&D expenses increased by 6.9% to 8,736,220,937.73 yuan compared to the same period in 2023[18] Sales and Payments - Sales revenue from goods and services was 67,372,383,421.35 RMB, an increase from 64,047,725,763.17 RMB in the previous period[20] - Payments for goods and services were 43,319,394,936.84 RMB, up from 39,429,134,297.75 RMB in the prior period[20] - Payments to employees were 15,514,458,996.41 RMB, an increase from 13,870,585,455.27 RMB in the previous period[20]

证券代码：002415 证券简称：海康威视 公告编号：2024-057 号 杭州海康威视数字技术股份有限公司 关于聘任高级管理人员、变更董事会秘书的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 杭州海康威视数字技术股份有限公司（以下简称"海康威视"或"公司"） 董事会秘书黄方红女士因工作职责调整，申请辞去公司董事会秘书职务，黄方红 女士辞去该职务后仍担任公司高级副总经理。黄方红女士关于董事会秘书职务的 辞任报告自送达董事会之日起生效。 根据《公司法》及公司章程相关规定，经公司董事会提名委员会审核，2024 年10月25日公司第六届董事会第三次会议审议通过《关于聘任高级管理人员及董 事会秘书的议案》，同意聘任奉玮先生为公司高级副总经理兼任董事会秘书，任 期与公司第六届董事会任期一致，简历详见附件。 奉玮先生具备与其行使职权相适应的任职条件，其任职资格符合《公司法》 《深圳证券交易所股票上市规则》《深圳证券交易所上市公司自律监管指引第1 号——主板上市公司规范运作》等相关法律、法规、规范性文件及公司章程中关 于高级管理人员及董事会秘书的任职要求。 高级管理 ...

证券代码：002415 证券简称：海康威视 公告编号：2024-054 号 杭州海康威视数字技术股份有限公司 特此公告。 杭州海康威视数字技术股份有限公司 第六届监事会第三次会议决议公告 本公司及监事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 杭州海康威视数字技术股份有限公司（以下简称"海康威视"或"公司"） 第六届监事会第三次会议，于 2024 年 10 月 17 日以电子邮件方式向全体监事发 出书面通知，于 2024 年 10 月 25 日以现场会议与通讯表决相结合的方式召开。 会议由监事会主席陆建忠先生召集并主持。会议应出席监事 3 名，实际出席监事 3 名。会议召开符合有关法律、行政法规、部门规章、规范性文件和公司章程的 规定。经全体与会监事审议并表决，通过如下决议： 一、以 3 票赞成、0 票反对、0 票弃权，审议通过《2024 年第三季度报告》。 经核查，监事会认为董事会编制和审核公司 2024 年第三季度报告的程序符 合法律、行政法规和中国证监会的规定，报告内容真实、准确、完整地反映了上 市公司的实际情况，不存在任何虚假记载、误导性陈述或者重大遗漏。 《 ...

杭州海康威视数字技术股份有限公司（以下简称"海康威视"或"公司"） 第六届董事会第三次会议，于 2024 年 10 月 17 日以电子邮件方式向全体董事发 出书面通知，于 2024 年 10 月 25 日以现场会议与通讯表决相结合的方式召开。 会议由董事长胡扬忠先生召集并主持。会议应出席董事9名，实际出席董事9名。 会议召开符合有关法律、行政法规、部门规章、规范性文件和公司章程的规定。 经全体与会董事审议并表决，通过如下决议： 一、以 9 票赞成、0 票反对、0 票弃权，审议通过《2024 年第三季度报告》； 公司 2024 年第三季度财务报表已经董事会审计委员会审议通过。 证券代码：002415 证券简称：海康威视 公告编号：2024-053 号 杭州海康威视数字技术股份有限公司 第六届董事会第三次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 司法》《深圳证券交易所股票上市规则》《深圳证券交易所上市公司自律监管指 引第 1 号——主板上市公司规范运作》等相关法律、法规、规范性文件及公司章 程的规定。奉玮先生不存在违法违规情况，与公司不存在利益 ...

证券研究报告 | 公司动态点评 2024 年 10 月 20 日 海康威视（002415.SZ） 增持回购彰显公司长期投资价值 | --- | --- | --- | --- | --- | --- | --- | --- | |----------------------|--------|--------|--------|---------|---------|-------------------------------------|------------| | 财务指标 | 2022A | 2023A | 2024E | 2025E | 2026E | 买入（维持评级） | | | 营业收入（百万元） | 83,166 | 89,340 | 98,024 | 107,924 | 119,278 | 股票信息 | | | 增长率 yoy （ % ） | 2.1 | 7.4 | 9.7 | 10.1 | 10.5 | | | | 归母净利润（百万元） | 12,838 | 14,108 | 14,503 | 16,823 | 19,707 | 行业 | 电子 | | 增长率 yoy （ % ） | - ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected price increase of over 15% in the next 6-12 months [8][9]. Core Insights - The company has announced a significant share buyback and increase plan, reflecting confidence in long-term development. The controlling shareholder plans to increase holdings by 200-300 million RMB, while the chairman proposed a buyback of 2-2.5 billion RMB of company stock, intended for capital reduction [2][3]. - The management and major shareholders have repeatedly increased their stakes in the company throughout 2024, totaling approximately 614 million RMB, showcasing their long-term confidence [3]. - The company has maintained a high cash dividend payout rate, with a dividend payout ratio of 59.5% in 2023, positioning it among the leading technology firms in the A+H market [4]. Financial Performance Summary - Revenue and profit forecasts for 2024-2026 are as follows: - Revenue: 97.49 billion RMB (2024E), 109.51 billion RMB (2025E), 124.56 billion RMB (2026E) [6]. - Net profit: 14.36 billion RMB (2024E), 17.88 billion RMB (2025E), 21.58 billion RMB (2026E) [6]. - Earnings per share (EPS): 1.56 RMB (2024E), 1.94 RMB (2025E), 2.34 RMB (2026E) [6]. - The company has shown resilience in profit growth, with net profit maintaining positive growth, excluding the exceptional year of 2022 [4][6]. Growth and Dividend Logic - The company is expected to benefit from domestic demand recovery and digital transformation trends, with revenue growth driven by innovative business segments and overseas markets [4]. - The company has consistently returned value to shareholders through high dividend payouts, with a historical cash dividend rate above 48% since 2015 [4].

Investment Rating - The investment rating for Hikvision (002415) is maintained as "Buy" [4][7]. Core Views - The company's management and shareholders demonstrate strong confidence in its future development and long-term profitability through a simultaneous announcement of stock buybacks and shareholder increases [3]. - The chairman proposed a stock buyback plan of 2-5 billion RMB, with a buyback price not exceeding 40 RMB per share, representing a buyback ratio of 0.54%-0.68% [2]. - Shareholders plan to collectively increase their holdings by 300-500 million RMB, with the controlling shareholder planning to buy 200-300 million RMB and another entity planning to buy 100-200 million RMB [1]. Financial Summary - The projected revenue for Hikvision from 2024 to 2026 is 97.48 billion RMB, 109.48 billion RMB, and 123.81 billion RMB, respectively, with corresponding net profits of 14.75 billion RMB, 18.04 billion RMB, and 22.26 billion RMB [4][6]. - The earnings per share (EPS) are forecasted to be 1.60 RMB, 1.95 RMB, and 2.41 RMB for the years 2024, 2025, and 2026, respectively [6]. - The price-to-earnings (P/E) ratios are projected to be 18, 15, and 12 for the years 2024, 2025, and 2026, respectively [4][6].

证券代码：002415 证券简称：海康威视 公告编号：2024-052 号 杭州海康威视数字技术股份有限公司 关于公司控股股东及其一致行动人增持公司股份计划的公告 公司控股股东中电海康集团有限公司及其一致行动人中电科投资控股有限 公司保证向本公司提供的信息内容真实、准确、完整，没有虚假记载、误导性陈 述或重大遗漏。 公司于2024年10月18日收到公司控股股东中电海康集团及其一致行动人电 科投资的通知，中电海康集团及电科投资计划自本公告之日起6个月内，通过深 圳证券交易所交易系统以集中竞价交易方式增持公司股份。现将有关情况公告如 下： 一、计划增持主体的基本情况 1、计划增持主体情况： 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 特别提示： 1、杭州海康威视数字技术股份有限公司（以下简称"海康威视"或"公司"） 控股股东中电海康集团有限公司（以下简称"中电海康集团"）及其一致行动人 中电科投资控股有限公司（以下简称"电科投资"）基于对公司未来持续稳定发 展的信心和长期投资价值的认可，为增强投资者信心，计划自本公告之日起6个 月内，通过深圳证券交易所交易系统以集中竞价交易方式增持公司A股 ...

证券代码：002415 证券简称：海康威视 公告编号：2024-051 号 杭州海康威视数字技术股份有限公司 关于公司董事长提议回购公司股份的提示性公告 公司本次回购的股份拟全部用于依法注销减少注册资本。 三、提议回购的主要内容 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 杭州海康威视数字技术股份有限公司（以下简称"海康威视"或"公司"） 董事会于2024年10月18日收到公司董事长胡扬忠先生的提议，提议公司通过深圳 证券交易所交易系统以集中竞价交易方式回购公司已发行的部分人民币普通股 （A股）股票。具体内容如下： 一、提议人的基本情况及提议时间 1、提议人：公司董事长胡扬忠先生 2、提议时间：2024年10月18日 3、是否享有提案权：是 二、提议人提议回购股份的原因和目的 基于对公司未来发展前景的坚定信心和对公司长期价值的高度认可，结合公 司经营情况、主营业务发展前景、公司财务状况以及未来的盈利能力等的基础上， 为维护公司市场形象，增强投资者信心，促进公司的长远发展，公司拟通过深圳 证券交易所交易系统以集中竞价交易方式回购部分公司已在境内发行的人民币 ...