Hangzhou Hikvision Digital Technology Co., Ltd.
2022 Half Year Report
January to June 2022
August 13th 2022
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 2022 Half Year Report (“2022 年半年
度报告”), and the published announcements in the Chinese version shall prevail. The complete
published Chinese 2022 Half Year Report may be obtained at www.cninfo.com.cn.
Please read the full half year report and pay particular attention to the following risk factors:
(1) Global COVID-19 epidemic risk: The global threat of COVID-19 epidemic is difficult to subside, and
epidemic prevention has a direct impact on the economic development. The Company will pay close
attention to the changes in the epidemic and respond in a timely manner. If the epidemic causes the
domestic and foreign economic or business environment to deteriorate, the adverse impact on the
Company's business will increase accordingly.
(2) Economic downside risk: The current domestic and foreign economic environment is complex and
volatile.The domestic macroeconomic growth has entered a new stage of medium-low growth. If demand
recovers slowly and investment growth is sluggish, it will bring adverse impacts on the Company's
business development.
(3) Geopolitical environment risk: The current global geopolitical uncertainty has greatly increased, and
the economic and social impact caused by local wars and confrontations is huge. The Company's
operations in the countries and regions where the conflict is located may be adversely affected.
(4) Global business risks: The Company operates in more than 150 countries and regions around the world.
The potential risks such as the trend of deglobalization, economic fluctuation and debt default around the
worldaredifficulttoeliminate,sotheCompany’soverseasbusinessoperationsmaybeadverselyaffected.
(5) Supply chain risks: The global supply system is suffering from a variety of adverse impacts, such as
volatile commodity prices, restrictions on global production and logistic, and intensifying competition.
The Company has been making efforts to enhance management for our supply chain and optimize
inventory adjustment and control. However, if systemic risks arise in the global supply chain, the stability
of the Company's supply chain 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 the Company's legal compliance capabilities cannot keep up with the situation, it will
bring 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. 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 technology upgrade: Technologies such as IoT perception, artificial intelligence (AI) and big
data are developing rapidly. 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.
(9) Receivable risk caused by the decline in customers’ability to pay: The enterprises’financial liquidity
is
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