海康威视：2024年第三季度报告(英文版)

Stock Exchange Code：002415 Abbreviation of Securities：HikvisionNo：2024-055

Hangzhou Hikvision Digital Technology Co., Ltd.

2024 3

rd

Quarter ReportThe Company and all members of the Board of Directors guarantee that the informationdisclosed is true, accurate and complete without false records, misleading statementsor material omissions.

Important Content Notes:

1. The Board of Directors, Board of Supervisors, directors, supervisors and senior

management of Hangzhou Hikvision Digital Technology Co., Ltd. (hereinafterreferred to as the "Company") hereby guarantee that the information presented inthis report shall be together be wholly liable for the truthfulness, accuracy andcompleteness of its contents and free of any false records, misleading statements ormaterial omissions, and will undertake individual and joint legal liabilities.

2. Hu Yangzhong, the Company's legal representative, Jin Yan, the person in charge of

the accounting work, and Zhan Junhua, the person in charge of accountinginstitution (accounting supervisor) hereby declare and warrant that the financialinformation in this report is authentic, accurate, and complete.

3. Whether the 3

rdquarter report has been audited

□Yes √ No

Hikvision 2024 Q3 ReportI. Key Financial Data

1. Key Accounting Data and Financial Indicators

Whether the Company performed a retroactive adjustment or restatement of the previous accounting data

√ Yes □ No

Reasons for retroactive adjustment or restatement of the previous accounting data

√ Business combination under common control

2024 Q3

2023 Q3

YoY Changebetween 2024

and 2023 Q32024 Q1~Q3

2023 Q1~Q3

YoY Changebetween 2024Q1~Q3 and 2023Q1~Q3Before theadjustment

After theadjustment

After theadjustment

Before the adjustment

After the adjustment

After the adjustmentRevenue (RMB)23,782,371,582.09

23,704,377,795.74

23,704,660,814.60

0.33%

64,991,467,788.45

61,275,164,193.63

61,276,013,250.23

6.06%

Net profit attributable toshareholders of the Company(RMB)

3,043,629,637.17

3,513,299,100.33

3,513,324,162.81

-13.37%

8,107,748,494.46

8,851,167,117.21

8,851,262,013.63

-8.40%

Net profit attributable toshareholders of the Companyexcluding non-recurring gainsand losses (RMB)

2,908,130,076.06

3,425,870,315.02

3,425,895,377.50

-15.11%

8,151,135,979.78

8,461,998,947.98

8,462,093,844.40

-3.67%

activities (RMB)

— — — —2,603,725,074.80

5,913,853,480.95

5,913,026,202.08

-55.97%

Basic earnings per share(RMB/share)

0.339

0.381

0.381

-11.02%

0.878

0.949

0.949

-7.48%

Diluted earnings per share(RMB/share)

0.339

0.380

0.380

-10.79%

0.878

0.949

0.949

-7.48%

Weighted average ROE

4.04%

5.05%

5.05%

-1.01%

10.52%

12.59%

12.59%

-2.07%

The total share capital of the Company as of the previous trading day of the financial report disclosure:

The total share capital of the Company as of the previous trading day of the financial report disclosure (share) 9,233,198,326

Fully diluted earnings per share calculated using the latest share capital:

Fully diluted earnings per share (RMB/share) calculated with the latest share capital 0. 878

On September 30, 2024

On December 31, 2023

Change(%) between December 31, 2023

and September 30, 2024Before the adjustment After the adjustment After the adjustmentTotal assets (RMB)124,094,298,497.09 138,848,007,548.55

138,858,122,879.55

-10.63%

Net assets attributable toshareholders of the Company(RMB)

76,827,671,913.00 76,354,265,540.14

76,354,265,540.14

0.62%

2. Items and Amounts of Non-recurring Gains and Losses

√ Applicable □ Inapplicable

Unit：RMBItem

reporting period (2024 Q3)

January 1, 2024–September 30, 2024Profit or loss from disposal of non-current assets (including thewrite-off for the impairment provision of assets)

-2,066,025.67

-14,012,774.62

Government subsidies included in the current profit and loss(excluding the government subsidy closely related to regularcourse of business of the Company and government subsidy basedon standard quota or quantitative continuous application accordingto the state industrial policy)

112,574,000.85

410,281,267.47

Profit or loss attributed to change in fair value for derivativefinancial assets, derivative financial liabilities and other non-current financial assets; and investment gains or losses fromdisposal of derivative financial assets, derivative financialliabilities, and receivables for financing, excluding the effectivehedging business related to the regular business operation of theCompany.

-50,920,771.32

-26,795,959.49

to the date of consolidation arising from a business combinationunder common control

-

-295,677.15

Profit or loss on debt restructuring 100,816,662.85

100,816,662.85

Share-based payment expenses recognized in one lump sum due tothe cancellation or modification of the equity incentive plan

-

-471,167,293.91

Other non-operating income and expenditures except the itemsmentioned above

15,402,163.04

50,408,946.29

Less: Impact of income tax 25,485,717.09

41,250,688.18

Impact of the minority interests (after tax)14,820,751.55

51,371,968.58

Total135,499,561.11

-43,387,485.32

Details of other profit and loss items that meet the definition of non-recurring profit and loss:

□ Applicable √ Inapplicable

The Company does not have other specific conditions of profit and loss items that meet the definition of non-recurring profit and loss.

Explanations on classifying any non-recurring gain/loss item mentioned in the <Explanatory Announcement No. 1on Information Disclosure for Companies Offering Their Securities to the Public—Non-recurring Gains and Losses>

Hikvision 2024 Q3 Reportas recurring gain/loss item.

□ Applicable √ Inapplicable

The Company does not classify any non-recurring gain/loss item mentioned in the <Explanatory Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public—Non-recurring Gains andLosses> as recurring gain/loss item.

3. Information and Explanation about Variations in Key Accounting Data and Financial Indicators

√Applicable □Inapplicable

3.1 Explanation for variations in balance sheet items

Item

Balance onSeptember 30, 2024(RMB)

Balance onDecember 31, 2023

(RMB)

Change Note of ChangesCash and cashequivalents

28,260,909,688.58 49,638,158,662.54 -43.07%

Dividend distributions and loanrepaymentsHeld-for-tradingfinancial assets

6,251,911.26 37,380.00 16,625.28%Fluctuation in foreign exchange rateand decrease in the scale of foreignexchange hedging businessHeld-for-tradingfinancial liabilities

16,554,651.68 38,079,755.04 -56.53%Prepayments 708,185,282.32 508,151,405.92 39.37%

Increase in prepayment related toconstruction projects of main businessOther non-currentassets

3,936,557,540.62 2,920,349,344.39 34.80%

Increase in prepayment forconstruction due to development ofthe parkNotes payable 765,755,176.30 1,163,687,279.58 -34.20% Decrease in notes settlementShort-term borrowings 905,243,323.50 2,118,952,026.06 -57.28%

Repayment of part of long- and short-term borrowings due to reduction inworking capital needsNon-current liabilitiesdue within one year

1,498,369,099.66 5,814,660,214.96 -74.23%Long-term borrowings 5,667,258,530.03 8,940,122,961.01 -36.61%Other current liabilities 376,046,158.78 1,481,222,044.19 -74.61%

The completion of repurchase of 2021Restricted Stock PlanOther non-currentliabilities

47,955,108.11 1,672,933,103.20 -97.13%Treasury shares - 2,737,987,226.55 -100.00%Other comprehensiveincome

-81,588,338.10 44,667,516.16 -282.66%

Decrease in differences of foreigncurrency statement translation due tofluctuations of exchange rate

3.2 Explanation for variations in income statement items

Items

2024 Q1 ~ 2024 Q3(RMB)

2023 Q1 ~ 2023 Q3

(RMB)

YoY Change Note of changesFinancial expenses -132,864,387.63

-438,141,627.90

69.68% Increase in foreign exchange losses

Gains from changesin fair value

7,519,902.82

83,987,239.15

-91.05%

Decrease in gains from changes infair value in foreign exchangehedging business

3.3 Explanation for variations in cash flow statement items

Item

2024 Q1 ~ 2024 Q3

(RMB)

2023 Q1 ~ 2023 Q3(RMB)

YoY Change Note of changesNet cash flows fromoperating activities

-55.97

Increase in cash payments forpurchasesNet cash flows fromfinancing activities

-

-2,

-702.04

Increase in expenditures for dividendsand loan repayments

Hikvision 2024 Q3 ReportII. Shareholder Information

1. Number of Common Shareholders and Preferred Shareholders with Resumed Voting Rights and

Information about Top 10 Shareholders

Unit: ShareTotal number of common shareholders at theend of the reporting period

384,154

Total number of preferred shareholders (if any)whose voting rights have been recovered at the endof the reporting period (if any)

Particulars about top 10 shareholders (Excludes shares lent through refinancing)Name of shareholder

Nature ofshareholder

Share-holdingpercentage

(%)

Total sharesheld at theperiod-end

The number

of commonshares held

restrictions

Pledged, marked or

frozenStatus AmountChina Electronics Technology HIK Group Co.,Ltd.

owned

36.93%

3,410,150,909

-

Pledged 50,000,000

Gong Hongjia

10.42%

962,504,814

-

Pledged 186,842,000

Hangzhou Weixun Equity InvestmentPartnership (Limited Partnership)

non-state-owned

4.88%

450,795,176

-

Pledged 22,200,000

Partnership (Limited Partnership) -Perseverance Adjacent Mountain 1 Yuanwang

Other

4.46%

412,000,000

-

- -

CETC Investment Holdings Co., Ltd.

owned

2.66%

245,161,568

-

- -

Hangzhou Pukang Equity InvestmentPartnership (Limited Partnership)

non-state-owned

1.98%

182,510,174

-

Pledged 51,980,000

The 52

nd

Technology Group Co. Ltd.

owned

1.96%

180,775,044

-

- -

Hu Yangzhong

1.69%

155,996,477

116,997,358

- -

Ltd. – Huatai PineBridge

Other

0.78%

71,844,856

-

- -

Central Huijin Investment Co., Ltd.

owned

0.70%

64,700,691

-

- -

Particulars about shares held by the Top 10 common shareholders holding shares that are not subject to trading restriction(s)

(Excludes loaned shares through refinancing and lock-up shares of senior executives)Name of shareholder

Number of common shares

without trading restrictions

Type of sharesTypeNumberChina Electronics Technology HIK Group Co., 3,410,150,909

RMB common shares 3,410,150,909

Ltd.Gong Hongjia 962,504,814

RMB common shares 962,504,814

Hangzhou Weixun Equity InvestmentPartnership (Limited Partnership)

450,795,176

RMB common shares 450,795,176

Shanghai Perseverance Asset ManagementPartnership (Limited Partnership) -Perseverance Adjacent Mountain 1 YuanwangFund

412,000,000

RMB common shares 412,000,000

CETC Investment Holdings Co., Ltd 245,161,568

RMB common shares 245,161,568

Hangzhou Pukang Equity InvestmentPartnership (Limited Partnership)

182,510,174

RMB common shares 182,510,174

The 52

nd

Technology Group Co. Ltd

180,775,044

RMB common shares 180,775,044

Industrial and Commercial Bank of China Co.,Ltd. – Huatai PineBridge CSI 300 Exchange

71,844,856

RMB common shares 71,844,856

Central Huijin Investment Co., Ltd. 64,700,691

RMB common shares 64,700,691

Hong Kong Securities Clearing CompanyLtd.(HKSCC)

63,918,738

RMB common shares 63,918,738

Explanation on associated relationship andconcerted actions among above shareholders

In the aforementioned shareholders,

Ltd., CETC Investment Holdings Co., Ltd., and The 52

nd

Research Institute atChina Electronics Technology Group Co., Ltd. are acting in concert. Mr. GongHongjia, and Hangzhou Pukang Equity Investment Partnership (LimitedPartnership) are acting in concert. Hu Yangzhong and Hangzhou Weixun EquityInvestment Partnership (Limited Partnership) are acting in concert. Except forthese, the Company does not know whether the other shareholders are relatedparties or whether they are acting-in-concert parties in accordance with theAdministration of the Takeover of Listed Companies Procedures.

Situation of shareholders holding more than 5% of the shares, the top 10 shareholders, and the top 10 shareholdersof common shares without trading restrictions participating in the lending of shares in the refinancing business

√ Applicable □Inapplicable

Unit: shareShareholders holding more than 5% of the shares, the top 10 shareholders, and the top 10 shareholders of common shares without

trading restrictions participating in the lending of shares in the refinancing businessShareholder Name (Full

Name)

Period-beginningcommon account andcredit account holdings

Period-beginningrefinancing lendingshares that have not

yet been returned

Period-end common

account and creditaccount holdings

Period-endrefinancing lendingshares that have not

yet been returnedShares Percentage Shares Percentage Shares Percentage

Share

s

PercentageIndustrial and CommercialBank of China Co., Ltd. –Huatai PineBridge CSI

27,920,756 0.30% 15,900 0.00% 71,844,856 0.78% 0 0.00%

300 Exchange TradedFund

Changes of the top 10 shareholders and the top 10 shareholders that are not subject to trading restriction comparedwith the previous period due to refinancing, lending/repayment issues

□ Applicable √ Inapplicable

2. Total Number of Preferred Shareholders and Information about Top 10 Preferred Shareholders

□ Applicable √ Inapplicable

III. Significant Events

√Applicable □Inapplicable

1. During the reporting period, the Company completed the general election of the Board of Directors and

the Board of Supervisors, and appointed senior management personnel.

On August 2, 2024, the company held the 1

stExtraordinary General Meeting of Shareholders in 2024 to elect the6th Board of Directors and the 6

th

Board of Supervisors.

There are 9 directors on the 6

th

Board of Directors, including 5 non-independent directors: Mr Hu Yangzhong, MrFu Baijun, Mr Xu Lixing, Mr Xu Peng, and Mr Wang Qiuchao, and 4 independent directors: Mr Wu Xiaobo, MrHu Ruimin, Mr Lv Changjiang (an accounting expert), and Mr Tan Xiaofen.

There are 3 supervisors on the 6

th

Board of Supervisors, who are Mr Lu Jianzhong, Ms Huang Xing, Mr Pan Jia (anemployee representative supervisor, elected by the representative congress of labor union).

On August 2, 2024, the company held the 1

st

meeting of the 6

th

Board of Supervisors. Mr. Hu Yangzhong was electedas the chairman of the board, and Mr. Xu Peng was appointed as the general manager, and other senior managementpersonnel were appointed at the same time.

On August 2, 2024, the company held the 1

st meeting of the 6

thboard of supervisors, and Mr Lu Jianzhong waselected as the chairman of the board of supervisors.

2. During the reporting period, the Company terminated the implementation of the 2021 Restricted Stock

Plan and repurchased and cancelled the relevant restricted shares.

On April 18, 2024 and May 10, 2024, the 20

th meeting of the 5

th Board of Directors, the 18

th meeting of the 5

thBoardof Supervisors and 2023 Annual General Meeting reviewed and approved the Proposal on Terminating theImplementation of the 2021 Restricted Stock Plan and Repurchasing and Canceling Relevant Restricted Shares. Itwas agreed that the company would terminate the implementation of the 2021 Restricted Stock Plan and repurchase

Hikvision 2024 Q3 Reportand cancel all restricted stocks granted but not yet unlocked. The number of restricted stocks proposed to berepurchased and cancelled this time was 97,402,605 shares, accounting for 1.0439% of the company's total sharecapital (9,330,600,931 shares) before the repurchase and cancellation. On August 15, 2024, the aforementionedrestricted stocks have completed the repurchase and cancellation procedures at the Shenzhen Branch of ChinaSecurities Depository and Clearing Corporation Limited. As of now, the Company does not have any outstandingrestricted shares.

For details, please refer to the Announcement on Terminating the Implementation of the 2021 Restricted Stock Planand Repurchasing and Canceling Relevant Restricted Shares and the Announcement on the Completion ofRepurchase and Cancellation of Restricted Stocks Related to the 2021 Restricted Stock Plan published by theCompany on www.cninfo.com.cn on April 20, 2024 and August 17, 2024.

The Company carries out accounting treatment related to the restricted stock plan in accordance with therequirements of accounting standards such as "Enterprise Accounting Standards No. 11 — Share-based Payment".For specific details, please refer to the notes to the financial statements (XII. Share-based payments of theCompany’s 2024 Half Year Report).

IV. Quarterly Financial Reports

1. Financial Statements

1.1 Consolidated balance sheet

Unit: RMBItemSeptember 30, 2024

December 31, 2023(Restated)Current Assets:

Cash and bank balances28,260,909,688.58 49,638,158,662.54Held-for-trading financial assets6,251,911.26 37,380.00Notes receivable2,137,975,913.86 2,606,071,375.74Accounts receivable39,164,920,133.42 35,816,573,511.44Receivables for financing2,014,585,861.86 1,594,219,832.62Prepayments 708,185,282.32 508,151,405.92Other receivables 492,190,178.38 571,912,035.93

Inventories 20,035,881,949.03 19,211,444,296.82Contract assets 992,428,761.39 1,173,312,415.20Non-current assets due within one year 1,053,325,098.19 1,079,721,006.23Other current assets 1,092,590,576.82 961,593,616.75Total Current Assets 95,959,245,355.11 113,161,195,539.19Non-current Assets:

Long-term receivables 400,367,382.12 538,698,618.76Long-term equity investment 1,122,470,844.34 1,151,104,887.85Other non-current financial assets 451,965,205.86 472,184,937.66Fixed assets13,244,859,559.02 11,508,312,342.17Construction in progress4,170,864,557.44 4,307,651,074.46Right-of-use assets462,477,983.20 521,061,396.66Intangible assets 1,834,790,925.05 1,810,476,551.45Goodwill 310,450,908.86 311,353,640.88Long-term deferred expenses 145,588,105.65 177,361,533.93Deferred tax assets 2,054,660,129.82 1,978,373,012.15Other non-current assets 3,936,557,540.62 2,920,349,344.39Total Non-current Assets 28,135,053,141.98 25,696,927,340.36Total Assets 124,094,298,497.09 138,858,122,879.55Current Liabilities:

Short-term borrowings905,243,323.50 2,118,952,026.06

Held-for-trading financial liabilities 16,554,651.68 38,079,755.04Notes payable765,755,176.30 1,163,687,279.58Accounts payable16,678,074,026.03 19,163,485,888.09

Hikvision 2024 Q3 ReportItemSeptember 30, 2024

December 31, 2023

(Restated)Contract liabilities3,235,944,808.92 2,977,990,775.40Payroll payable4,861,393,410.96 6,120,471,280.78Taxes payable 1,712,044,947.24 1,622,550,187.86Other payables 3,591,517,280.54 3,911,612,841.06Including: dividends payable 190,451.32 253,957,413.29Non-current liabilities due within one year 1,498,369,099.66 5,814,660,214.96Other current liabilities376,046,158.78 1,481,222,044.19Total Current Liabilities33,640,942,883.61 44,412,712,293.02Non-current Liabilities:

Long-term borrowings5,667,258,530.03 8,940,122,961.01Lease liabilities312,411,600.21 344,005,866.13Long-term payables13,834,298.97 15,526,169.45Provisions242,353,235.28 213,084,038.31Deferred income819,853,474.28 966,259,592.34Deferred tax liabilities155,688,650.40 129,866,978.18Other non-current liabilities47,955,108.11 1,672,933,103.20Total Non-current liabilities7,259,354,897.28 12,281,798,708.62Total Liabilities40,900,297,780.89 56,694,511,001.64Owners’ Equity

Share capital9,233,198,326.00 9,330,600,931.00Capital reserves5,870,267,200.03 7,864,903,763.52Less: Treasury shares- 2,737,987,226.55Other comprehensive income(81,588,338.10) 44,667,516.16Surplus reserves4,715,460,312.00 4,715,460,312.00Retained earnings57,090,334,413.07 57,136,620,244.01

76,827,671,913.00 76,354,265,540.14Minority equity6,366,328,803.20 5,809,346,337.77Total Owners' Equity83,194,000,716.20 82,163,611,877.91Total Liabilities and Owners' Equity124,094,298,497.09 138,858,122,879.55Legal Representative: Hu YangzhongPerson in Charge of the Accounting work: Jin YanPerson in Charge of Accounting Institution: Zhan Junhua

1.2 Consolidated income statement from the beginning of the year to the end of the reporting period

Unit: RMBItem2024 Q1~Q3

2023 Q1~Q3(Restated)I. Revenue64,991,467,788.45 61,276,013,250.23II

Total Operating Costs55,973,716,430.0051,801,109,054.37Less: Cost of sales and services35,903,245,768.50 33,792,365,273.38Business taxes and surcharges518,733,466.76 526,331,975.20Selling expenses8,686,531,329.34 7,702,706,183.02Administrative expenses2,261,849,315.30 2,044,820,853.41Research and development (R&D)expenses

8,736,220,937.73 8,173,026,397.26Financial expenses(132,864,387.63) (438,141,627.90)Including：Interest expenses 316,839,376.56 327,860,614.56

Interest income712,317,025.99 705,770,798.65Add: Other income1,938,138,530.25 1,695,250,638.04Investment income (loss"-")37,783,854.68 39,763,080.90

．Including: Investment gains (losses) in

associated enterprise and joint-venture

(89,958,117.85) (42,311,858.66)Gains (loss"-") from changes in fair values7,519,902.82 83,987,239.15Credit impairment losses ("-")(600,045,342.10) (541,104,768.19)Impairment losses ("-") of assets(269,141,180.16) (269,035,009.89)Asset disposal income (loss"-")(13,809,533.99) (12,073,109.46)III. Operating Profit (loss"-")10,118,197,589.95 10,471,692,266.41Add: Non-operating income51,891,881.12 76,153,790.31Less: Non-operating expenses19,894,367.06 13,606,755.97IV. Total Profit (loss"-")10,150,195,104.01 10,534,239,300.75Less: Income tax expenses1,242,370,816.25 1,035,810,349.56V. Net Profit (loss"-")8,907,824,287.76 9,498,428,951.19

5.1 Classification by operation continuity

8,907,824,287.76 9,498,428,951.19(b) Net profit (loss) on terminated

- -

5.2 Classification by attribution of

ownership

(a) Net profit attributable to owners of

parent company

8,107,748,494.46 8,851,262,013.63

Item2024 Q1~Q3

2023 Q1~Q3(Restated)

800,075,793.30 647,166,937.56

(239,996,824.05) 132,104,468.87

(126,255,854.26) 54,815,351.50

-

-

reclassified to profit or loss in subsequent

(126,255,854.26) 54,815,351.50

conversion of financial statements

(126,255,854.26) 54,815,351.50

(113,740,969.79) 77,289,117.37VII. Total Comprehensive Income8,667,827,463.71 9,630,533,420.06

7,981,492,640.20 8,906,077,365.13

686,334,823.51 724,456,054.93VIII. Earnings Per Share(I) Basic earnings per share

0.878 0.949(II) Diluted earnings per share

0.878 0.949A business combination under common control occurred during the reporting period. The acquiree realized net loss of RMB295,677.15before the combination, and realized net profits of RMB197,700.87 during the last reporting period.

Legal Representative: Hu YangzhongPerson in Charge of the Accounting work: Jin YanPerson in Charge of Accounting Institution: Zhan Junhua

1.3 Consolidated cash flow statement from the beginning of the year to the end of the reporting period

Unit: RMBItem2024 Q1~Q3

2023 Q1~Q3

(Restated)I. Cash Flows from Operating Activities:

Cash received from sale of goods or rendering of services67,372,383,421.35 64,047,725,763.17Receipts of tax refunds3,213,608,844.77 2,795,802,674.28Other cash receipts relating to operating activities1,296,159,457.61 1,467,228,938.83Sub-total of cash inflows from operating activities71,882,151,723.73 68,310,757,376.28Cash payments for goods purchased and services received43,319,394,936.84 39,429,134,297.75Cash paid to and on behalf of employees15,514,458,996.41 13,870,585,455.27Payments of various types of taxes4,712,595,300.53 4,618,580,862.27Other cash payments relating to operating activities5,731,977,415.15 4,479,430,558.91

Item2024 Q1~Q3

2023 Q1~Q3

(Restated)Sub-total of cash outflows from operating activities69,278,426,648.93 62,397,731,174.20Net Cash Flows from Operating Activities2,603,725,074.80 5,913,026,202.08II. Cash Flows from Investing Activities:

Cash receipts from recovery of investments1,942,144,541.12 3,676,551,269.16Cash receipts from investment income67,033,430.58 2,170,800.00

5,366,246.45 4,992,600.07Other cash receipts relating to investing activities43,213,496.63 45,490,116.17Sub-total of cash inflows from investing activities2,057,757,714.78 3,729,204,785.40

Net cash receipts from disposals of fixed assets, intangibleassets and other long-term assetsCash payments to acquire or construct fixed assets,

intangible assets and other long-term assets

3,387,563,388.43 3,321,446,998.66Cash paid to acquire investments1,985,960,403.43 3,803,400,267.38

Cash payments to acquire or construct fixed assets,

intangible assets and other long-term assetsNet cash paid to acquire subsidiaries and other businessunits

- 43,992,651.82Sub-total of cash outflows from investing activities5,373,523,791.86 7,168,839,917.86Net Cash Flows from Investing Activities(3,315,766,077.08) (3,439,635,132.46)III. Cash Flows from Financing Activities:

Cash receipts from capital contributions- 10,820,000.00

Net cash paid to acquire subsidiaries and other businessunitsIncluding: cash receipts from capital contributions from

minority owners of subsidiaries

- 10,820,000.00Cash receipts from borrowings5,701,717,778.30 8,411,594,640.04Other cash receipts relating to financing activities2,007,056.47 5,000,000.00Sub-total of cash inflows from financing activities5,703,724,834.77 8,427,414,640.04Cash repayments of borrowings14,450,997,152.86 3,193,590,889.95

Including: cash receipts from capital contributions from

minority owners of subsidiariesCash payments for distribution of dividends or profits or

settlement of interest expenses

8,892,175,431.16 6,919,370,094.76Other cash payments relating to financing activities2,953,233,662.83 881,998,903.51Sub-total of cash outflows from financing activities26,296,406,246.85 10,994,959,888.22Net Cash Flows from Financing Activities(20,592,681,412.08) (2,567,545,248.18)

Cash payments for distribution of dividends or profits or

settlement of interest expensesIV. Effect of Foreign Exchange Rate Changes on Cash andCash Equivalents

(43,647,573.77) 91,529,173.89V. Net Decrease in Cash and Cash Equivalents (21,348,369,988.13) (2,625,004.67)Add: Opening balance of Cash and Cash Equivalents49,427,967,355.78 39,825,124,107.52VI. Closing Balance of Cash and Cash Equivalents28,079,597,367.65 39,822,499,102.85Legal Representative: Hu YangzhongPerson in Charge of the Accounting work: Jin YanPerson in Charge of Accounting Institution: Zhan Junhua

2. Adjustments to financial report at the beginning of the year relating to the initial adoption of the new

accounting standards or interpretation of standards since 2024.

□Applicable √Inapplicable

3. Audit Report

Whether audit has been performed on this 2024 3

rdQuarter Report

□ Yes √ No

The Company’s 2024 3

rdQuarter report has not been audited.

HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD.

Board of Directors

October 26, 2024

Note:

This document is a translated version of the Chinese version 2024 3

rd

Quarter Report (“2024年第三季度报告”),and the published announcements in the Chinese version shall prevail. The complete published Chinese 2024 3

rd

Quarter Report may be obtained at www.cninfo.com.cn.