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1、 Hangzhou Hikvision Digital Technology Co.,Ltd.2022 Half Year Report January to June 2022 August 13th 2022 Hikvision 2022 Half Year Report 1 Section I Important Notes,Contents and Definitions The Board of Directors,Board of Supervisors,directors,supervisors and senior management of Hangzhou Hikvisio
2、n 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 omiss
3、ions,and will undertake individual and joint legal liabilities.Chen Zongnian,the Companys 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 stateme
4、nts in this half year report are authentic,accurate and complete.All directors of the Company have attended the board meeting to review this report.The half year proposal of profit distribution or share distribution from capital reserve passed upon deliberation at the meeting of the Board of Directo
5、rs(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 announcement
6、s in the Chinese version shall prevail.The complete published Chinese 2022 Half Year Report may be obtained at .Hikvision 2022 Half Year Report 2 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 COV
7、ID-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 deteri
8、orate,the adverse impact on the Companys 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
9、growth is sluggish,it will bring adverse impacts on the Companys 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 Companys operations in the c
10、ountries 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 world are diffi
11、cult to eliminate,so the Company s overseas business operations may be adversely affected.(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 Co
12、mpany 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 Companys supply chain may be adversely affected(6)Legal and compliance risk:The worlds multilateral t
13、rading 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 Companys legal compliance capabilitie
14、s cannot keep up with the situation,it will bring adverse impacts on the Companys 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 imp
15、act on foreign exchange exposures arising out of sales,procurement and financing,which could likely Hikvision 2022 Half Year Report 3 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
16、 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 Companys future development will increase.(9)Receivable risk caused by the decline in customers ability to pay:The e
17、nterprises financial liquidity is negatively impacted by the macroeconomic downturn.The Company has accumulated a certain amount of cash reserves due to the stable operation in history,and the financing cost is low.If the liquidity risk increases,it will adversely affect the Companys account receiva
18、bles.(10)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 lead to a significant rise of internal management complexity,which brings challenges to the Companys manage
19、ment and higher requirements on the Company management system.The Companys sustainable development will face certain risks if the management level fails to proportionally address the Companys business expansion.(11)Risk of cybersecurity:The Company has always attached great importance and taken acti
20、ve 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 intentionally attack our systems or products,causing cyb
21、ersecurity issues.(12)Risk of intellectual property(IP)rights:The Company continues to maintain a relatively large scale of R&D investment,and produces considerable technical milestones.At the same time,the Company implements well-organized intellectual property right(IPR)protection measures.However
22、,the risk of intellectual property disputes and the risk of intellectual property rights violations still exist.The above notices might not be all-inclusive of all other potential risks.Please pay attention to potential investment risks.Hikvision 2022 Half Year Report 4 CONTENTS Section I Important
23、Notes,Contents and Definitions.1 Section II Corporate Profile&Key Financial Data.7 Section III Management Discussion and Analysis.11 Section IV Corporate Governance.29 Section V Environmental and Social Responsibility.32 Section VI Significant Events.33 Section VII Changes in Shares and Information
24、about Shareholders.49 Section VIII Information of Preferred Shares.61 Section IX Bonds.62 Section X Financial Report.63 Section XI Documents Available for Reference.195 Hikvision 2022 Half Year Report 5 Definitions Term Definition Reporting Period From January 1st 2022 to June 30th 2022 Articles of
25、Association Articles of Associations for Hangzhou Hikvision Digital Technology Co.,Ltd Hikvision,our Company,the Company Hangzhou Hikvision Digital Technology Co.,Ltd CETC China Electronics Technology Group Ltd.,the actual controller of the Company CETHIK CETHIK Group Co.,Ltd.,the controlling shareh
26、older of the Company EZVIZ,EZVIZ Network,Smart Home Hangzhou EZVIZ Network Co.,Ltd.(According to the context,also refers to the corresponding business)HikRobot,Robotic business Hangzhou Hikrobot Co.,Ltd.(According to the context,also refers to the corresponding business)HikAuto,Auto electronics busi
27、ness Hangzhou HikAuto Technology Co.,Ltd.(According to the context,also refers to the corresponding business)HikMicro,Micro Sensing,Thermal imaging business Hangzhou Hikmicro Sensing Technology Co.,Ltd.(According to the context,also refers to the corresponding business)HikSemi,HikStorage,Storage bus
28、iness Wuhan Hikstorage Technology Co.,Ltd.(According to the context,also refers to the corresponding business)HikImaging Hangzhou Hikimaging Technology Co.,Ltd.(According to the context,also refers to the corresponding business)HikFire Hangzhou Hikfire Technology Co.,Ltd.(According to the context,al
29、so refers to the corresponding business)HikRayin,Rayin,HikSecurityCheck Hangzhou Rayin Technology Co,.Ltd.(According to the context,also refers to the corresponding business)Hangzhou Innovation Industrial Park Located in Hangzhou,Zhejiang Province,the planned use is for R&D,office space and supporti
30、ng facilities.Chengdu Science and Technology Park Located in Chengdu,Sichuan Province,the planned use is for R&D,office space and supporting facilities.Xian Science and Technology Park Located in Xian,Shaanxi Province,the planned use is for R&D,office space and supporting facilities.Shijiazhuang Sci
31、ence and Technology Park Located in Shijiazhuang City,Hebei Province,the planned use is R&D,office space and supporting facilities.Security Industrial Base(Tonglu)Located in Hangzhou,Zhejiang Province,the planned use is for production factories,warehouses,logistic centers and supporting facilities.W
32、uhan Intelligence Industrial Park Located in Wuhan,Hubei Province,the planned use is for production plants,warehouses and supporting facilities.Zhengzhou Science and Located in Zhengzhou,Henan Province,the planned use is R&D,office space and supporting Hikvision 2022 Half Year Report 6 Term Definiti
33、on Technology Park facilities,etc.EZVIZ Industrial Park EZVIZ smart home product industrial park,located in Hangzhou,Zhejiang Province,is planned to be used for R&D,office space and supporting facilities of Hangzhou EZVIZ Network Co.,Ltd.Innovative Business A long investment cycle,business prospects
34、 uncertain,has the high risk and uncertainty,in need for direct or indirect investment in exploration,in order for the Company to timely enter into new areas of business.Initially disclosed in Announcement about Management Measures for Core Staff Investment in Innovative Business(核心员工跟投创新业务管理办法)().I
35、n this report,innovative business also refers to EZVIZ,HikRobot,HikAuto,HikMicro,HikStorage,HikImaging,HikFire,HikRayin and their related products.Hikvision 2022 Half Year Report 7 Section II Corporate Profile&Key Financial Data I.Corporate information Stock abbreviation HIKVISION Stock code 002415
36、Stock exchange where the shares of the Company are listed Shenzhen Stock Exchange Name of the Company in Chinese 杭州海康威视数字技术股份有限公司 Abbr.of the Company name in Chinese(if any)海康威视 Name of the Company in English(if any)HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO.,LTD Abbr.of the Company name in English(if
37、 any)HIKVISION Legal representative Chen Zongnian II.Contacts and contact information Board Secretary Securities Affairs Representative Name Huang Fanghong Address No.518 WuLianWang Street,Binjiang District,Hangzhou Tel.; Fax E-mail III.Other relevant informat
38、ion 1.Companys contact information Whether there is any change in the Companys registered address,office address,zip code,company website or company email address during the reporting period.Applicable Inapplicable There is no change in the Companys registered address,office address,zip code,company
39、 website or company email address during the reporting period.Please refer to 2021 Annual Report for details.2.Information disclosure and place of the report Whether there is alteration in information disclosure and place of the report during the current reporting period.Applicable Inapplicable Hikv
40、ision 2022 Half Year Report 8 Newspaper designated by the Company for information disclosure Securities Times,China Securities Journal,ShangHai Securities News Website for release of the Half Year Report Place where the Half Year Report is available for inspection Office of the Board of Directors of
41、 the Company 3.Other relevant information Whether other relevant information has changed during the current reporting period Applicable Not applicable IV.Key accounting data and financial indicators Whether the Company performed a retrospective adjustment or restatement of previous accounting data Y
42、es No Unit:RMB First half year of 2022 First half year of 2021 YoY Change(%)Revenue(RMB)37,257,516,590.62 33,902,098,368.10 9.90%Net profit attributable to shareholders of the Company(RMB)5,759,254,775.26 6,481,424,653.39-11.14%Net profit attributable to shareholders of the Company excluding non-rec
43、urring gains and losses(RMB)5,645,859,017.51 6,221,476,627.98-9.25%Net cash flows from operating activities(RMB)-2,158,492,209.08 1,962,853,772.15-209.97%Basic earnings per share(RMB/share)0.608 0.695-12.52%Diluted earnings per share(RMB/share)0.608 0.695-12.52%Weighted average ROE 8.81%11.62%-2.81%
44、On June 30th 2022 On December 31st 2021 Change(%)between December 31st 2021 and June 30th 2022 Total assets(RMB)104,894,333,859.54 103,864,543,195.18 0.99%Net assets attributable to shareholders of the Company(RMB)62,013,808,608.79 63,460,886,665.26-2.28%The total share capital of the Company as of
45、the previous trading day of the report disclosure:The total share capital of the Company as of the previous trading day of the annual report disclosure(share)9,433,208,719 Fully diluted earnings per share(RMB/share)calculated with the latest share capital 0.6105 Hikvision 2022 Half Year Report 9 V.D
46、ifferences in accounting data between domestic and overseas accounting standards 1.Difference in the financial report of net profits and net assets according to the disclosure of International Financial Reporting Standards and China Accounting Standards Applicable Inapplicable There is no difference
47、 in the financial report of net profits and net assets according to the disclosure of International Financial Reporting Standards(IFRS)and China Accounting Standards in the reporting period.2.Difference in the financial report of net profits and net assets according to the disclosure of Overseas Acc
48、ounting Standards and China Accounting Standards Applicable Inapplicable There is no difference in the financial report of net profits and net assets according to the disclosure of Overseas Accounting Standards and China Accounting Standards in the reporting period.3.Explanation of the differences i
49、n accounting data under domestic and overseas accounting standards Applicable Inapplicable VI.Items and amounts of non-recurring gains and losses Applicable Inapplicable Unit:RMB Item Amount Profit or loss from disposal of non-current assets(including the write-off for the impairment provision of as
50、sets)-11,313,272.36 The government subsidies included in the current profits and losses(excluding the government subsidy closely related to regular course of business of the Company and government subsidy based on standard quota or quantitative continuous application according to the state industria
51、l policy.)161,588,740.80 Investment income from disposal of subsidiaries,other business units and other non-current financial assets 4,635,870.42 Profits and losses attributed to change in fair value for held-for-trading financial assets and held-for-trading financial liabilities;and investment inco
52、me from disposal of held-for-trading financial assets,held-for-trading financial liabilities and available-for-sale financial assets,excluding the effective hedging business related to the regular business operation of the Company.-35,838,000.40 Other non-operating income and expenditures except the
53、 items mentioned above 28,455,075.15 Less:Impact of income tax 16,882,070.40 Impact of the minority interests(after tax)17,250,585.46 Total 113,395,757.75 Hikvision 2022 Half Year Report 10 Explain the reasons if the Company classifies an item as a non-recurring gain/loss according to the definition
54、 in the,or classifies any non-recurring gain/loss item mentioned in the aforementioned note as a recurrent gain/loss item.Applicable Inapplicable In the reporting period,the Company did not classify an item as a non-recurring gain/loss according to the definition in the into a recurrent gain/loss it
55、em.Hikvision 2022 Half Year Report 11 Section III Management Discussion and Analysis I.The principal business of the Company during the reporting period There was no significant change for the principal business of the Company during the current reporting period.Please refer to 2021 Annual Report fo
56、r details.II.Core competitiveness analysis There was no significant change in the Companys core competitiveness during the current reporting period.For details,Please refer to 2021 Annual Report.III.Core business analysis Whether consistent with the Companys core business disclosure during the curre
57、nt reporting period Yes No In the first half year of 2022,the severe situation of epidemic prevention and control brought continuous challenges to the domestic economy.Meanwhile,the trend of de-globalization has intensified and conflicts broke out in some countries and regions.The changes in the pol
58、itical and economic situation between countries and/or regions have brought greater uncertainty to business operations.In the context of uncertain business environment,the Company has firmed its confidence and has always focused on the growth of its own capabilities.We endeavored to promote robust d
59、evelopment by harnessing the comparative advantages in R&D innovation,industry understanding,marketing network,manufacturing,warehousing and logistics,etc.During the reporting period,the Company achieved revenue of RMB 37.26 billion,with year over year growth of 9.90%;the net profits attributable to
60、 shareholders of the Company was RMB 5.76 billion,a decrease of 11.14%over the same period of the previous year.(1)Increase inputs in R&D and focus on technological innovation During the reporting period,the Company continued to focus on technological innovation,enriched product lines,built system c
61、apabilities,and consolidated the foundation for long-term sustainable development.In the first half Hikvision 2022 Half Year Report 12 year of 2022,the Company invested RMB 4.68 billion in R&D,with year over year growth of 20.56%.The Company will continue to maintain investment in R&D,continue to co
62、nsolidate the foundation of intelligent technology,continue to enrich the types of intelligent devices,and devote great attention to exploring the effect of intelligent applications,so as to promote the Companys steady development in the field of AIoT.(2)Adhere to stable operation and cope with exte
63、rnal challenges During the reporting period,the domestic market was challenged by the epidemic and the overseas market encountered negative public opinion,which impacted the Companys stable operation.In the face of the epidemic,the Company was diligent and pragmatic,overcame difficulties,quickly fol
64、lowed up with market demand,and strived to ensure the steady development of its businesses.In the face of uncertainties brought about by changes in the external political and economic situation,the Company maintained smooth communication with all parties in order to eliminate misunderstandings,maint
65、ained the high inventory strategy,and ensured the steady progress of the businesses.(3)Continuously improve operational capabilities and optimize internal management During the reporting period,the Company continued to promote business process reform,promote the integration and mutual improvement of
66、 organizational systems,improve operational capabilities and operational efficiency,and give full play to the advantages of economies of scale.The Company continuously strengthens compliance construction,keeps pace with the times,promotes the optimization and improvement of the business system,and e
67、nhances organizational effectiveness.(4)Rapidly develop innovative businesses and open up new market patterns During the reporting period,the revenue of innovative businesses reached RMB 7.01 billion,with year over year growth of 25.62%,accounting for 18.81%of the total revenue.The innovative busine
68、sses have good momentum of development,constantly injecting new impetus into the Companys long-term sustainable development.EZVIZs initial public offering of shares and its application for listing on the Shanghai Stock Exchange STAR Market(SSE STAR Market)was reviewed and approved by the SSE STAR Ma
69、rkets Listing Committee,HikRobots spin-off and listing plan was reviewed and approved by the Companys Board of Directors,and the spin-off of innovative Hikvision 2022 Half Year Report 13 business subsidiaries were progressing steadily and orderly.YoY changes in key financial data Unit:RMB First half
70、 year of 2022 First half year of 2021 YoY(%)Note of Change Revenue 37,257,516,590.62 33,902,098,368.10 9.90%Market demand has grown steadily,and revenue has grown accordingly Cost of sales and services 21,182,955,700.93 18,205,195,764.46 16.36%Increase in accordance with revenues growth Selling expe
71、nses 4,536,589,939.10 4,190,678,349.80 8.25%Continue to increase investment in domestic and overseas marketing networks Administrative expenses 1,200,010,815.48 880,577,747.56 36.28%Due to the expansion of the Companys business scale and increased number of employees Financial expenses-785,465,257.6
72、1-122,524,438.07-541.07%Affected by fluctuation in foreign exchange rate,increase in foreign currency exchange gains Income Tax Expenses 628,419,906.49 427,530,365.26 46.99%Differences in filing and payment of income tax in previous reporting years R&D investments 4,675,061,688.81 3,877,769,884.09 2
73、0.56%Continue to increase R&D investment Net cash flows from Operating Activities-2,158,492,209.08 1,962,853,772.15-209.97%Increase in inventory purchases Net cash flows from Investment Activities-1,697,236,516.09-1,093,875,260.68-55.16%Increase in long-term asset investment expenditures Net cash fl
74、ows from Financing Activities-3,061,978,055.06-8,179,553,539.73 62.57%Increase in cash received from investments Net decrease in cash and cash equivalents-6,845,043,236.57-7,384,873,758.46 7.31%Increase in cash received from investments Whether there is significant change in Companys profit structur
75、e or profit source during the reporting period Applicable Inapplicable There is no such case during the reporting period.Hikvision 2022 Half Year Report 14 Revenue structure Unit:RMB First half year of 2022 First half year of 2021 YoY Change(%)Amount Proportion to total revenue Amount Proportion to
76、total revenue Total revenue 37,257,516,590.62 100.00%33,902,098,368.10 100.00%9.90%Classified by industry AIoT products and services 37,257,516,590.62 100.00%33,902,098,368.10 100.00%9.90%Classified by product/business Products and services for main business1 29,365,919,626.68 78.82%27,912,531,793.5
77、9 82.33%5.21%Constructions for main business 883,860,678.27 2.37%411,198,176.84 1.21%114.95%Subtotal 30,249,780,304.95 81.19%28,323,729,970.43 83.54%6.80%Smart home business 1,959,836,601.63 5.26%1,871,108,774.85 5.52%4.74%Robotic business 1,766,179,532.22 4.74%1,220,189,435.48 3.60%44.75%Thermal im
78、aging business 1,360,474,051.98 3.65%1,029,049,652.47 3.04%32.21%Auto electronics business 823,757,230.56 2.21%551,986,917.97 1.63%49.23%Storage business 728,160,403.93 1.95%680,185,514.54 2.01%7.05%Other innovative businesses2 369,328,465.35 1.00%225,848,102.36 0.66%63.53%Subtotal 7,007,736,285.67
79、18.81%5,578,368,397.67 16.46%25.62%Classified by region Domestic 25,544,764,018.60 68.56%24,434,618,189.74 72.07%4.54%Overseas 11,712,752,572.02 31.44%9,467,480,178.36 27.93%23.72%Revenue structure3 Unit:RMB 100mn First half year of 2022 First half year of 2021 YoY Change(%)Domestic main business PB
80、G 69.75 70.74-1.40%EBG 68.31 66.59 2.58%SMBG 62.86 60.46 3.97%1 Main business refers to the business parts other than innovative businesses 2 Other innovative businesses include the products and services of the innovative business subsidiaries,such as HikFire,Rayin and HikImaging.Same below.3 The re
81、venue from domestic main business and overseas main business only include Hikvisions main businesss products and services,excluding revenue from innovative businesses.Hikvision 2022 Half Year Report 15 First half year of 2022 First half year of 2021 YoY Change(%)Other products and services for main
82、business 4.72 3.98 18.59%Overseas main business Products and services for main business 96.86 81.47 18.89%Innovative businesses4 70.08 55.78 25.62%Total 372.58 339.02 9.90%Industries,products or regions accounting for more than 10%of the Companys revenue or operating profit Applicable Inapplicable U
83、nit:RMB Revenue Cost of sales and services Gross margin YoY Change(%)of revenue YoY Change(%)of cost of sales and services YoY Change(%)of gross margin Classified by industry AIoT products and services 37,257,516,590.62 21,182,955,700.93 43.14%9.90%16.36%-3.16%Classified by product/business Products
84、 and services for main business 29,365,919,626.68 16,266,758,741.00 44.61%5.21%10.97%-2.88%Constructions for main business 883,860,678.27 728,908,400.81 17.53%114.95%149.76%-11.50%Innovative businesses 7,007,736,285.67 4,187,288,559.12 40.25%25.62%28.63%-1.39%Subtotal 37,257,516,590.62 21,182,955,70
85、0.93 43.14%9.90%16.36%-3.16%Classified by region Domestic 25,544,764,018.60 14,639,769,948.64 42.69%4.54%10.47%-3.08%Overseas 11,712,752,572.02 6,543,185,752.29 44.14%23.72%32.09%-3.54%When the statistical caliber of the Companys major business data is adjusted during the reporting period,the Compan
86、ys major business data would be adjusted according to the end of the reporting period in the most recent period.Applicable Inapplicable 4 Innovative businesses revenue includes its domestic and overseas revenue.Hikvision 2022 Half Year Report 16 Cost of sales and services structure Classified by ind
87、ustry Unit:RMB Industry Item First half year of 2022 First half year of 2021 YoY Change(%)Amount Proportion to cost of sales and services Amount Proportion to cost of sales and services AIoT products and services Cost of sales and services 21,182,955,700.93 100.00%18,205,195,764.46 100.00%16.36%Clas
88、sified by product/business Unit:RMB Product/business Item First half year of 2022 First half year of 2021 YoY Change(%)Amount Proportion to cost of sales and services Amount Proportion to cost of sales and services Products and Services for main business Cost of sales and services 16,266,758,741.00
89、76.79%14,658,060,589.78 80.52%10.97%Constructions for main business Cost of sales and services 728,908,400.81 3.44%291,842,825.70 1.60%149.76%Innovative businesses Cost of sales and services 4,187,288,559.12 19.77%3,255,292,348.98 17.88%28.63%Subtotal Cost of sales and services 21,182,955,700.93 100
90、.00%18,205,195,764.46 100.00%16.36%Explanations on relevant data changed for more than 30%on a year-over-year base Applicable Inapplicable IV.Non-core business analysis Applicable Inapplicable V.Analysis of assets and liabilities 1.Material changes of asset items Hikvision 2022 Half Year Report 17 U
91、nit:RMB June 30th 2022 December 31st 2021 Change between December 31st 2021 and June 30th 2022 Note of significant change Amount Percentage to total assets Amount Percentage to total assets Cash and bank balances 28,026,753,554.36 26.72%34,721,870,931.36 33.43%-6.71%Cash dividend distributions lead
92、to a decrease in cash and bank balances Accounts receivable 29,113,163,447.64 27.75%26,174,773,100.42 25.20%2.55%Due to the increase in revenue Contract assets 1,351,087,065.82 1.29%1,411,372,624.91 1.36%-0.07%No significant change Inventories 20,675,229,472.10 19.71%17,974,112,407.60 17.31%2.40%Exp
93、ansion of production and sales scale led to increased procurement and stocking Long-term equity investment 1,112,866,990.60 1.06%982,165,546.45 0.95%0.11%Increase in investment income and other changes in equity in associates and joint ventures Fixed assets 7,756,708,670.69 7.39%6,695,590,671.27 6.4
94、5%0.94%Security Industrial Base(Tonglu)Phase II continued project transferred to fixed assets Construction in process 2,845,209,423.58 2.71%2,323,336,098.68 2.24%0.47%Increase in construction investments on Science and Technology Parks in various locations Right-of-use assets 571,513,353.19 0.54%566
95、,393,672.75 0.55%-0.01%No significant change Lease liabilities 361,747,620.12 0.34%317,951,879.21 0.31%0.03%Short-term borrowings 4,588,003,450.26 4.37%4,074,962,469.97 3.92%0.45%Increase in demands for short-term working capital Contract liabilities 2,385,309,266.27 2.27%2,580,894,226.59 2.48%-0.21
96、%No significant change Long-term borrorwings 4,730,784,322.12 4.51%3,284,371,642.52 3.16%1.35%Increase in demands for long-term working capital Non-current liabilities due within one year 672,339,752.76 0.64%596,915,360.58 0.57%0.07%Hikvision 2022 Half Year Report 18 2.Main overseas assets Applicabl
97、e Inapplicable Hikvision 2022 Half Year Report 19 3.Assets and liabilities measured at fair value Applicable Inapplicable Unit:RMB Item Opening balance Profit or loss from change in fair value during the current reporting period Difference on translation of financial statements dominated in foreign
98、currency Provision for decline in value during the current reporting period Purchased amount during the period Sales during the period Other changes Closing balance Financial assets Derivative financial assets 34,320,010.83 13,688,362.53 27,107.00 48,035,480.36 Other non-current financial assets 438
99、,724,172.22 -26,448,715.78 -29,000,000.00 383,275,456.44 Receivables for financing 1,316,035,122.06 -16,448,897.26 1,299,586,224.80 Subtotal of financial assets 1,789,079,305.11 -12,760,353.25 27,107.00 -45,448,897.26 1,730,897,161.60 Financial Liabilities 4,062,317.57 -105,701,739.57 6,201.76 109,7
100、70,258.90 Whether there were any material changes on the measurement attributes of major assets of the Company during the reporting period:Yes No 4.Assets right restrictions as of the end of reporting period Unit:RMB Item Closing book value(RMB)Reasons for being restricted Cash and bank balance 267,
101、852,361.73 Various cash deposits and other restricted funds Notes receivable 535,994,308.24 Endorsed to suppliers Accounts receivable 279,555,212.04 Pledge for long-term borrowings Contract assets 115,346,377.65 Pledge for long-term borrowings Hikvision 2022 Half Year Report 20 Item Closing book val
102、ue(RMB)Reasons for being restricted Intangible assets 85,551,551.85 Pledge for long-term borrowings Other non-current assets 1,667,505,427.25 Pledge for long-term borrowings Right-of-use assets 13,343,562.59 Fixed assets leased in by finance lease Total 2,965,148,801.35 VI.Analysis of investments 1.
103、Overview Applicable Inapplicable Investment during the first half year of 2022(RMB)Investment during the first half year of 2021(RMB)YoY(%)2,343,440,503.77 1,097,198,077.60 113.58%2.Significant equity investment during the current reporting period Applicable Inapplicable 3.Significant non-equity inv
104、estment during the current reporting period Applicable Inapplicable Hikvision 2022 Half Year Report 21 Unit:RMB Project name Invest method Fixed assets investment or not Project industry Investment during the current reporting period Cumulative amount of investment by the end of the current reportin
105、g period Source of funds Project schedule Reasons for not reaching planned progress and expected benefits Disclosure Date(if applicable)Disclosure Index(if applicable)Chengdu Science and Technology Park Project Self-built YES AIoT products and services 176,292,467.96 1,072,579,958.05 Self-fund 75.59
106、%None September 23rd 2017 Announcement on Investment and Construction of Chengdu Science and Technology Park Project in Chengdu(No.2017-033)Hangzhou Innovation Industrial Park Self-built YES AIoT products and services 115,034,429.06 508,345,211.22 Specific loan 70.48%None September 23rd 2017 Announc
107、ement on Investment and Construction of Hangzhou Innovation Industrial Park Project in Hangzhou(No.2017-034)Security Industrial Base(Tonglu)Phase II Continued Construction Project Self-built YES AIoT products and services 185,607,325.35 576,309,567.09 Self-fund 100.00%None October 16th 2014 Announce
108、ment on the investment and establishment of a wholly-owned subsidiary in Tonglu and the new Hikvision Security Industrial Base(Tonglu)project(No.2014-044)Xian Science and Technology Park Project Self-built YES AIoT products and services 128,086,229.18 309,095,556.39 Self-fund 13.57%None September 23
109、rd 2017 Announcement on Investment and Construction of Xian Science and Technology Park in Xian(No.2017-031)Hikvision 2022 Half Year Report 22 Project name Invest method Fixed assets investment or not Project industry Investment during the current reporting period Cumulative amount of investment by
110、the end of the current reporting period Source of funds Project schedule Reasons for not reaching planned progress and expected benefits Disclosure Date(if applicable)Disclosure Index(if applicable)EZVIZ Industrial Base(infrastructure part)Self-built YES Smart home 88,292,568.12 183,614,740.45 Self-
111、fund/specific loan 24.24%None-Shijiazhuang Science and Technology Park Project Self-built YES AIoT products and services 80,920,614.13 181,105,254.34 Self-fund 20.17%None March 22nd 2018 Announcement on Investment and Construction of Shijiazhuang Science and Technology Park in Shijiazhuang(No.2018-0
112、16)Security Industrial Base(Tonglu)Phase III Self-built YES AIoT products and services 92,787,002.54 141,555,908.49 Self-fund 18.38%None-Zhengzhou Science and Technology Park Project Self-built YES AIoT products and services 17,053,989.97 59,083,442.79 Self-fund 12.18%None-Wuhan Intelligence Industr
113、ial Park Project Self-built YES AIoT products and services 106,435,935.98 128,041,076.47 Self-fund 5.36%None September 23rd 2017 Announcement on Investment and Construction of Wuhan Intelligence Industrial Park in Wuhan(No.2017-036)Total-990,510,562.29 3,159,730,715.29-Hikvision 2022 Half Year Repor
114、t 23 Note 1:In accordance with the Companys Authorization Management System,EZVIZ Industrial Park,Security Industrial Base(Tonglu)Phase III Project and Zhengzhou Science and Technology Park Project were approved by the chairman of the Board of Directors.Note 2:In accordance with the Companys Authori
115、zation Management System,the increased investment in the Chengdu Science and Technology Park Project and the Xian Science and Technology Park Project were approved by the Strategy Committee of the Board of Directors.4.Financial asset investment 4.1 Securities Investments Applicable Inapplicable Ther
116、e no such case in the reporting period.4.2 Derivatives Investments Applicable Inapplicable Unit:0,000 RMB Operation party of derivatives investment Whether Related party Whether related transaction Type of derivatives investment Initial investment amount of derivatives investment Initial date Termin
117、ation date Opening investment amount Purchased amount during the reporting period Sold amount during the reporting period Impairment provisions(if any)Closing investment amount Proportion of closing investment amount to the Companys net assets at the end of the reporting period Actual gain or loss d
118、uring the reporting period Commercial bank No No foreign exchange contract 205,031.34 August 30th 2021 August 30th 2024 205,031.34 431,822.00 237,730.13 3.69%8,262.41 Total 205,031.34-205,031.34 431,822.00 237,730.13 3.69%8,262.41 Capital source of derivatives investment Companys own fund Prosecutio
119、n(if applicable)Inapplicable Announcement date for approvals of April 16th 2022 Hikvision 2022 Half Year Report 24 derivatives investment from the Board of Directors(if any)Announcement date for approvals of derivatives investment from the general meeting of shareholders(if any)Inapplicable Risk ana
120、lysis and control measures(including but not limited to,market risk,liquidity risk,credit risk,operational risk,legal risk,etc.)of holding derivatives during the reporting period For details of the risk analysis and control measures,please refer to the Announcement on Conducting Foreign Exchange Hed
121、ging Transactions in 2022(NO.2022-023)dated April 16th 2022.Change of market price or fair value of invested derivatives during the reporting period;specific methods,related assumptions and parameter setting of the derivatives fair value analysis should be disclosed In accordance with the Accounting
122、 Standards for Business Enterprises No.22-Recognition and Measurement of Financial Instruments,Chapter VII Determination of Fair Value,the Company recognised and measured a total of RMB 92.01 million as loss from changes in the fair value of derivatives.The fair value is determined according to the
123、exchange rate and interest rate provided by banks and other pricing service institutions,and the fair value is measured and recognised on a monthly basis.During the current reporting period,whether there was significant changes of accounting policies and accounting principles of the Companys derivat
124、ives comparing to the prior reporting period Inapplicable Specific opinions on the Companys derivatives investments and risk control from independent directors The relevant approval procedures for the Companys foreign exchange hedging business comply with the relevant national laws and regulations a
125、nd the relevant provisions of the Articles of Association.The Company has established a sound process for the organization,business operation and approval for conducting foreign exchange hedging business,as well as the Foreign Exchange Hedging Management System.Under the premise of ensuring normal p
126、roduction and operation,the Company conducts foreign exchange hedging business,which enables the Company to avoid and prevent sharp exchange rate fluctuation and its adverse effects on the Companys operations,and contributes to controlling foreign exchange risks.There is no damage to the interests o
127、f the Company nor of its shareholders.Hikvision 2022 Half Year Report 25 5.Use of raised funds Applicable Inapplicable During the reporting period,there was no use of raised fund VII.Disposal of significant assets and equity 1.Disposal of significant assets:Applicable Inapplicable There is no dispos
128、al of significant assets for the Company during the current reporting period.2.Sale of significant equity:Applicable Inapplicable Hikvision 2022 Half Year Report 26 VIII.Analysis of major subsidiaries and holding companies Applicable Inapplicable The Company has no important holding company informat
129、ion that should be disclosed during the current reporting period.Information about obtaining and disposal of subsidiaries during the reporting period Applicable Inapplicable Company name Equity acquisition and disposal method during the reporting period Impact on overall production results Zhejiang
130、Zhiyuan Fire Safety Engineering Co.,Ltd.Transfer of equity in cash Business development Shijiazhuang Sensor Tech Intelligent Technology Co.Ltd Cash contribution Business development Hikvision Adriatic doo Beograd Cash contribution Expand overseas sales channels HIKVISION TECHNOLOGY PTE.LTD.Cash cont
131、ribution Expand overseas sales channels Hikrobot Korea Limited Cash contribution Expand overseas sales channels IX.Structural entities controlled by the Company Applicable Inapplicable X.Risks of the Company and risk response solutions During the reporting period,there was no material change in the
132、risk exposure of the Company.For details,please refer to Section I-Important Notes.The Company has been striving to identify various risk exposures,and actively adopting countermeasures to avoid and reduce risks:(1)Global COVID-19 epidemic risk:The Company attached great importance to epidemic contr
133、ol and strove to protect the health of its employees.Meanwhile,the Company relied on its own technical reserves and product capabilities to help the whole society to prevent and control the epidemic.The Company continues to pay close attention to the impact of the epidemic on the economy and make ac
134、tive adjustments to the business tactics.(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.In the face of various external uncertainties,the Company focuses on growing
135、 its own capabilities,maintains a stable business strategy,and strives to ensure the smooth development of global businesses.(3)Geopolitical environment risk:The current global geopolitical uncertainty has greatly increased.Facing the Hikvision 2022 Half Year Report 27 complex external environment,t
136、he Company strives to improve the localized operation capabilities to ensure the effective operation of global services and businesses.(4)Global business risk:The Company actively learns the information and major changes of the policies,trade laws and regulations of various countries around the worl
137、d,formulates countermeasures,and strives to control various trade compliance risks that may arise.(5)Supply chain risk:The Company made its best efforts to make appropriate arrangements for the supply chain,reasonably regulated and controlled its inventory,and formulated effective alternative soluti
138、ons in a timely manner.In the meantime,the Company reinforced its R&D efforts in basic areas and enhanced the accumulation of underlying fundamental technologies.(6)Legal compliance risk:The Company continued to strengthen the construction of compliance and risk control system,conducted immediate an
139、d full-cycle risk supervision and control of business,and improved its legal compliance capability.(7)Exchange rate fluctuation risk:The Company attached great importance to the control of exchange rate risk,and hedged and avoided exchange rate risk by legitimate means while ensuring security and li
140、quidity.For exchange rate risk exposure,the Company actively adopted financial hedging tools(e.g.hedging),not taking speculation as the purpose,and conducted risk management in a reasonable manner.(8)Risk of technology upgrade:the Company maintained its investments in R&D,explored cutting-edge techn
141、ologies in depth,and held the lead in core and key technologies;The Company has formed effective and market-oriented R&D through stable and reliable R&D management,kept its products and technologies responsive to market demands.(9)Receivable risk caused by the decline in customers ability to pay:The
142、 enterprises financial liquidity is negatively impacted by the macroeconomic downturn.The Company continues to strengthen the collection management of accounts receivable,and strives to control the financial risk of accounts receivable.(10)Internal management risk:The continual expansion of business
143、 scale,the continuous increase of new products and new businesses,and the continuous growth in total number of employees lead to a rise in company management complexity.The Company is committed to continuously strengthening the management system construction,optimizing the management level,and impro
144、ving the Companys operational capability and operational efficiency.(11)Network security risk:The Company has always attached great importance to and actively taken measures to improve the security performance of its products and systems,established the product security system by setting up Hikvisio
145、n 2022 Half Year Report 28 a professional information security team,integrated product security requirements,security design,security development,security testing and other links into the product development process,ensured continuous improvement of product and system security and provided customers
146、 with more secure products and solutions.(12)Risk of intellectual property rights:The Company has set up a professional team for intellectual property rights which is responsible for the daily management and maintenance of intellectual property rights(e.g.,trademarks and patents)and for protecting t
147、he Companys intellectual property rights in accordance with various legal means(e.g.,administrative investigation and court litigation).Hikvision 2022 Half Year Report 29 Section IV Corporate Governance I.Annual General Meeting and Extraordinary General Meetings convened during the reporting Period
148、1.Annual General Meeting convened during the reporting period Meeting Nature Proportion of participating investors Convened date Disclosure date Resolution of the meeting The first Extraordinary General Meeting in 2022 Extraordinary General Meeting 65.6154%January 17th 2022 January 18th 2022 4 propo
149、sals including the 2021 Restricted Share Incentive Scheme(Revised Draft)and its Summary were reviewed and voted.For details,please refer to the Companys announcement:No.2022-002.2021 Annual General Meeting Annual General Meeting 67.3841%May 13th 2022 May 14th 2022 12 proposals including the 2021 Ann
150、ual Report and Summary were reviewed and voted.For details,please refer to the Companys announcement:No.2022-035 2.Extraordinary general meetings convened at the request of preferred shareholders with resumed voting rights:Applicable Inapplicable II.Changes of directors,supervisors and senior manage
151、ment personnel Applicable Inapplicable There were no changes in the Companys directors,supervisors and senior management during the reporting period.For details,please refer to the 2021 annual report.III.Profit distribution and capitalizing of capital reserves for the current reporting period Applic
152、able Inapplicable The Company did not plan to distribute cash dividends,send bonus shares,or convert capital reserve into share capital during the first half of 2022.Hikvision 2022 Half Year Report 30 IV.The implementation of an Equity Incentive Plan,Employee Stock Incentive Plan,or other incentive
153、plans Applicable Inapplicable 1.During the reporting period,the Company completed the grant of the 2021 restricted share incentive scheme.On December 30th 2021,the 7th meeting of the 5th session of the Board of Directors of the Company reviewed and approved the proposals such as 2021 Restricted Shar
154、e Incentive Scheme(Revised Draft)and its Summary and Proposal on Requesting the General Meeting of Shareholders to Authorize the Board of Directors to Handle Matters Related to the 2021 Restricted Share Incentive Scheme.Proposed to the General Meeting of Shareholders to authorize the Board of Direct
155、ors to implement the 2021 restricted share incentive scheme related matters.On January 18th 2022,the 8th meeting of the 5th session of the Board of Directors and the 8th meeting of the 5th session of the Board of Supervisors reviewed and approved the Proposal on Granting Restricted Stocks to Incenti
156、ve Objects under the 2021 Restricted Share Incentive Scheme.In accordance with the Measures for the Administration of Equity Incentives of Listed Companies and other relevant laws,regulations,departmental rules,and normative documents,as well as the 2021 Restricted Share Incentive Scheme(Revised Dra
157、ft)and related authorizations passed by the resolution of the first extraordinary general meeting in 2022,the Company has completed the share grant and registration of the 2021 restricted share incentive scheme.The incentive objects granted are 9,738 people,and the total number of restricted shares
158、granted is 97,402,605 shares,accounting for 1.04%of the total share capital of the Company before the grant.The granted shares were listed on February 11th 2022.For details,please refer to the Announcement on the Completion of the Grant of Shares under the 2021 Restricted Share Incentive Scheme publ
159、ished by the Company on on February 10th 2022(No.2022-011).2.During the current reporting period,the Company completed the second unlocking of the 2018 restricted share incentive scheme.On May 5th 2022,the 10th meeting of the 5th session of the Board of Directors and the 10th meeting of the 5th sess
160、ion of the Board of Supervisors reviewed and approved the Proposal on the achievement of unlocking conditions for the second unlocking period of the 2018 restricted Share Incentive Scheme.According to the authorization of the Hikvision 2022 Half Year Report 31 Companys second extraordinary general m
161、eeting in 2018,the Company has handled the unlocking of a total of 33,142,730 restricted shares for 5,533 incentive objects,and the unlocked shares were listed for circulation on May 18th 2022.For details,please refer to the Companys Indicative Announcement on the Listing and Circulation of Unlocked
162、 Shares in the Second Unlocking Period of the 2018 Restricted Share Incentive Scheme published on on May 17th 2022(No.:2022-036).As of the end of the current reporting period,the Company has a total of 133,022,558 granted but unvested shares,accounting for 1.41%of the Companys total share capital.Th
163、e Company performs accounting treatments related to restricted share incentive plans in accordance with the requirements of Accounting Standards for Business Enterprises No.11-Share Payments and other related accounting standards.The cost of the shares granted by the 2018 restricted share incentive
164、scheme and 2021 restricted share incentive scheme is amortized during the vesting period.During the reporting period,the amortization cost of the Companys 2018 restricted share incentive scheme and 2021 restricted share incentive scheme had no significant impact on the Companys financial status and
165、operating results.For details,please refer to Financial Statement Note(XI)-Share-based Payment.Hikvision 2022 Half Year Report 32 Section V Environmental and Social Responsibility I.Significant environmental issues Whether the Company or any of its subsidiaries should be categorized as a critical po
166、llutant enterprises published by national environmental protection department.Yes No.II.Social responsibilities During the reporting period,the Company has not yet carried out poverty alleviation and rural revitalization.Hikvision 2022 Half Year Report 33 Section VI Significant Events I.Complete and
167、 incomplete commitments of the Company and its actual controller,shareholders,related parties,acquirers,and other related parties for the commitments during the current reporting period.Applicable Inapplicable No such case during the current reporting period.II.The Companys funds used by the control
168、ling shareholder or its related parties for non-operating purposes.Applicable Inapplicable No such case during the current reporting period.III.Illegal provision of guarantees for external parties Applicable Inapplicable No such case in the current reporting period.IV.Engagement and disengagement of
169、 the CPA firm Has the half year report been audited?Yes No The Companys half year report has not been audited.V.Explanation given by the Board of Directors,supervisory committee and independent directors(if applicable)regarding the“non-standard auditors report”issued by the CPA firm for the current
170、reporting period Applicable Inapplicable VI.Explanation given by the Board of Directors regarding the“non-standard auditors report”for the prior reporting period Applicable Inapplicable VII.Bankruptcy and restructuring Applicable Inapplicable Hikvision 2022 Half Year Report 34 No such case during th
171、e reporting period.VIII.Material litigations Material litigation and arbitration Applicable Inapplicable The Company had no material litigation or arbitration during the current reporting period.Other litigation matters Applicable Inapplicable IX.Punishments and rectifications Applicable Inapplicabl
172、e No such case during the reporting period.X.Integrity of the Company and its controlling shareholders and actual controllers Applicable Inapplicable XI.Significant related-party transaction 1.Related-party transactions arising from routine daily operations Applicable Inapplicable Hikvision 2022 Hal
173、f Year Report 35 Related party Relationship Type of related transaction Content of related transaction Pricing principles for related party transactions Trading amount(0000 RMB)Proportion to the amount of similar transactions.Approved trading quota(0000 RMB)Whether exceed the approved quota Settleme
174、nt method Disclosure date Disclosure reference Subsidiaries or research institutes of CETC Under the common control of the Companys actual controller.Procurement Procurement,receiving services Reference market price;Agreed on price 105,389.09 4.51%500,000 No Payment on delivery April 16th 2022 Annou
175、ncement on the forecast of daily related-party transactions in 2022(No.2022-022)Joint ventures Joint ventures in which the Company holds shares Procurement 33.73 0.00%300 No Payment on delivery Associated companies Associated companies in which the Company holds shares Procurement 22,910.77 0.98%120
176、,100 No Payment on delivery Enterprises with directors,supervisors,senior executives and related natural persons of the Company serving as directors Enterprises with directors,supervisors,senior executives and related natural persons of the Company serving as directors Procurement 91,629.80 3.92%225
177、,150 No Payment on delivery Subsidiaries or research institutes of CETC Under the common control of the Companys actual controller.Sales Providing services,selling products,commercial goods Reference market price;Agreed on price 16,804.22 0.45%70,000 No Payment on delivery April 16th 2022 Announceme
178、nt on the forecast of daily related-party transactions in 2022(No.2022-022)Joint ventures Joint ventures in which the Company holds shares Sales 3,313.24 0.09%32,500 No Payment on delivery Hikvision 2022 Half Year Report 36 Related party Relationship Type of related transaction Content of related tr
179、ansaction Pricing principles for related party transactions Trading amount(0000 RMB)Proportion to the amount of similar transactions.Approved trading quota(0000 RMB)Whether exceed the approved quota Settlement method Disclosure date Disclosure reference Associated companies Associated companies in w
180、hich the Company holds shares Sales 3,973.99 0.11%28,000 No Payment on delivery Enterprises with directors,supervisors,senior executives and related natural persons of the Company serving as directors Enterprises with directors,supervisors,senior executives and related natural persons of the Company
181、 serving as directors Sales 401.60 0.01%3,700 No Payment on delivery Total 244,456.44 979,750 Details on significant sales return None Total amount of related transactions projected based on different categories,and the actual performance during the current reporting period(if any)None Reasons on si
182、gnificant difference between trading price and market referencing price(if applicable)Not applicable Hikvision 2022 Half Year Report 37 2.Related-party transactions regarding purchase and disposal of assets or equity Applicable Inapplicable No such case in the reporting period.3.Significant related-
183、party transactions arising from joint investments on external parties Applicable Inapplicable No such case in the reporting period.4.Related credit and debt transactions Applicable Inapplicable No related-parties creditors rights or debts during the reporting period.5.Deals with related-party financ
184、ial companies and financial companies controlled by the Company Applicable Inapplicable Deposit business Related party Relationship Maximum daily deposit limit(0,000 RMB)Deposit interest rate range Opening balance(0,000 RMB)Amout incurred Clsoing balance(0,000 RMB)Total deposit amount in the current
185、 period(0,000 RMB)Total amount withdrawn in the current period(0,000 RMB)CETC Finance Co.,Ltd.Under the common control of the Companys ultimate controller 1,307,892.85 0.3%-2%450,000.67 20,402.53 70,400.00 400,003.20 Credit or other financial services Related party Relationship Busiess type Total am
186、ount (0,000 RMB)Actual amout incurred(0,000 RMB)CETC Finance Co.,Ltd.Under the common control of the Companys ultimate controller Credit 300,000.00 3,332.25 6.Transactions between the financial company controlled by the Company and related parties Applicable Inapplicable Hikvision 2022 Half Year Rep
187、ort 38 7.Other significant related party transactions Applicable Inapplicable On October 22nd 2021,the 6th meeting of the 5th session of the Board of Directors of the Company reviewed and approved the Proposal on Investing in the Establishment of Entrepreneurship Investment Partnerships and Related
188、Transactions,agreeing that the Company,CETHIK Group Co.,Ltd.,Hangzhou High-tech Venture Capital Management Co.,Ltd.and CETHIK(Hangzhou)Equity Investment Management Co.,Ltd.jointly invested and established Hangzhou Haina Yuzhi Entrepreneurship Investment Partnership Co.,Ltd.(hereinafter referred to a
189、s Haina Yuzhi Fund).The scale of Haina Yuzhi Fund is RMB 600 million,of which Hikvision,as a limited partner,invested RMB 400 million yuan in currency,holding 66.6666%of the total shares.On January 29th 2022,Haina Yuzhi Fund,which the Company participated in the establishment of,has completed the fi
190、ling procedures for private investment funds in the Asset Management Association of China in accordance with the requirements of the Securities Investment Fund Law and the Interim Measures for the Supervision and Administration of Privately-Raised Investment Funds.And obtained the Private investment
191、 fund record certificate.Disclosure website for provisional reports on significant related-party transactions:Title of provisional repo/rts Disclosure date Disclosure website Announcement on Investing in the Establishment of Entrepreneurship Investment Partnerships and Related Transactions(Announcem
192、ent No.2021-064)October 23rd 2021 Announcement on the Completion of the Filing of Entrepreneurship Investment Partnerships(Announcement No.2022-013)February 10th 2022 XII.Significant contracts and their execution 1.Trusteeship,contracting and leasing 1.1 Trusteeship Applicable Inapplicable No such c
193、ase in the reporting period.1.2 Contracting Applicable Inapplicable No such case in the reporting period.1.3 Leasing Applicable Inapplicable On December 3rd 2018,the Proposal on Carrying out Financial Leasing Related Party Transactions between the Holding Innovative Business Subsidiary and China Ele
194、ctronics Technology Leasing Co.Ltd.was approved at the Hikvision 2022 Half Year Report 39 7th meeting of the 4th Board of Directors of the Company.In 2019,the Companys holding subsidiary Hangzhou Hikmicro Sensing Technology Ltd.and China Electronics Technology Leasing Co.Ltd.signed the Financial Lea
195、sing Contract,where HikMicro used some of its own equipment to start leaseback business with China Electronics Technology Leasing Co.Ltd.;the financing amount was RMB 70 million,term of lease 48 months and annual lease rate 3.80%.Hikvision 2022 Half Year Report 40 2.Significant guarantees Applicable
196、 Inapplicable Unit:0,000 RMB Guarantees provided by the Company to its subsidiaries Guaranteed party Disclosure date of announcement of the guarantee cap Guarantee cap Actual occurrence date Actual guaranteed amount Type of guarantee Term of guarantee Fulfilled or not Guarantee for a related party o
197、r not Hangzhou Hikvision Technology Co.,Ltd.April 16th 2022 1,136,000.00 December 1st 2019 466,350.04 Joint guarantee 2019.12.01-2025.09.25 No No Hikvision Singapore Pte.Ltd.April 16th 2022 107,200.00 July 15th 2021 46,529.32 2021.07.15-2029.01.07 No No Urumqi HaiShi XinAn Electronic Technology Co.,
198、Ltd.April 16th 2022 37,000.00 March 26th 2019 22,793.71 Joint guarantee 2019.03.26-2028.06.20 No No Luopu HaiShi Ding Xin Electronic Technology Co.,Ltd.April 16th 2022 29,000.00 March 26th 2019 21,440.00 Joint guarantee 2019.03.26-2035.03.26 No No Piahan HaiShi Yong An Electronic Technology Co.,Ltd.
199、April 16th 2022 28,000.00 March 26th 2019 21,178.00 Joint guarantee 2019.03.26-2040.03.26 No No Moyu HaiShi Electronic Technology Co.,Ltd.April 16th 2022 24,000.00 March 26th 2019 17,340.00 Joint guarantee 2019.03.26-2035.03.26 No No Hangzhou Hikvision System Technology Co.,Ltd.April 16th 2022 70,00
200、0.00 March 23rd 2021 11,024.51 Joint guarantee 2021.03.23-2024.03.30 No No Yu Tian HaiShi Mei Tian Electronic Technology Co.,Ltd.April 16th 2022 30,000.00 March 26th 2019 9,480.00 Joint guarantee 2019.03.26-2034.03.26 No No Hangzhou Hikvision Electronics Co.,Ltd.April 16th 2022 45,000.00 November 20
201、th 2021 3,163.06 Joint guarantee 2021.11.20-2024.3.30 No No Hikvision 2022 Half Year Report 41 Chongqing Hikvision Technology Co.,Ltd.April 16th 2022 30,000.00 March 23rd 2021 2,400.00 Joint guarantee 2021.3.23-2024.3.30 No No Hikvision International Co.,Ltd.April 16th 2022 37,800.00 Not happened du
202、ring the reporting period Hikvision Europe B.V.April 16th 2022 5,100.00 Not happened during the reporting period Wuhan Hikvision Technology Co.,Ltd.April 16th 2022 33,000.00 Not happened during the reporting period Xian Hikvision Digital Technology Co.,Ltd.April 16th 2022 28,000.00 Not happened duri
203、ng the reporting period Shijiazhuang Hikvision Technology Co.,Ltd.April 16th 2022 20,000.00 Not happened during the reporting period Shanghe Smart City Technology Co.,Ltd.April 16th 2022 20,000.00 Not happened during the reporting period Zhenping Haikang Juxin Digital Technology Co.,Ltd.April 16th 2
204、022 19,000.00 Not happened during the reporting period Nanjing Hikvision Digital Technology Co.,Ltd.April 16th 2022 15,000.00 Not happened during the reporting period Hikvision Technology Pte.Ltd.April 16th 2022 12,600.00 Not happened during the reporting period Zhengzhou Hikvision Digital Technolog
205、y Co.,Ltd.April 16th 2022 10,000.00 Not happened during the reporting period Hefei Hikvision Digital Technology Co.,Ltd.April 16th 2022 10,000.00 Not happened during the reporting period Hikvision Digital Technology(Shanghai)Co.,Ltd.April 16th 2022 10,000.00 Not happened during the reporting period
206、Chengdu Hikvision Digital Technology Co.,Ltd.April 16th 2022 10,000.00 Not happened during the reporting period Hikvision 2022 Half Year Report 42 Nanchang Hikvision Digital Technology Co.,Ltd.April 16th 2022 8,000.00 Not happened during the reporting period Chongqing Hikvision System Technology Co.
207、,Ltd.April 16th 2022 5,000.00 Not happened during the reporting period Fuzhou Hikvision Digital Technology Co.,Ltd.April 16th 2022 5,000.00 Not happened during the reporting period Hikvision UK Limited April 16th 2022 1,900.00 Not happened during the reporting period PT.Hikvision Technology Indonesi
208、a April 16th 2022 1,400.00 Not happened during the reporting period Wuhan Hikvision Technique Co.,Ltd April 16th 2022 1,000.00 Not happened during the reporting period Hikvision FZE April 16th 2022 650.00 Not happened during the reporting period Hikvision Turkey Technology And Security Systems Comme
209、rce JSC April 16th 2022 350.00 Not happened during the reporting period Total guarantee cap for subsidiaries approved during the reporting period(B1)1,790,000.00 Total actual guarantee amount for subsidiaries during the reporting period(B2)858,430.46 Total approved guarantee cap for subsidiaries at
210、the end of the reporting period(B3)1,790,000.00 Total actual guarantee balance for subsidiaries at the end of the reporting period(B4)621,698.64 Guarantees provided by the Companys subsidiary to another subsidiary Guaranteed party Disclosure date of announcement of the guarantee cap Guarantee cap Ac
211、tual occurrence date Actual guaranteed amount Type of guarantee Term of guarantee Fulfilled or not Guarantee for a related party or not Hangzhou Haikang Intelligent Technology Co.,Ltd.April 16th 2022 80,000.00 March 14th 2022 13,577.95 Joint guarantee 2022.03.14-2023.11.30 No No Hikvision 2022 Half
212、Year Report 43 Hangzhou Hikrobot Automation Co.,Ltd.April 16th 2022 145,000.00 Not happened during the reporting period Hangzhou Hikmicro Software Co.,Ltd.April 16th 2022 105,000.00 Not happened during the reporting period Hangzhou Hikmicro Intelligent Technology Co.,Ltd.April 16th 2022 32,000.00 No
213、t happened during the reporting period Chongqing EZVIZ Electronics Co.,Ltd.April 16th 2022 32,000.00 Not happened during the reporting period Hangzhou Hikstorage Technology Co.,Ltd.April 16th 2022 10,000.00 Not happened during the reporting period Zhejiang Hikfire Technology Co.,Ltd April 16th 2022
214、3,000.00 Not happened during the reporting period Zhejiang Zhiyuan Fire Safety Engineering Co.,Ltd.April 16th 2022 3,000.00 Not happened during the reporting period Total guarantee cap for subsidiaries approved during the reporting period(C1)410,000.00 Total actual guarantee amount for subsidiaries
215、during the reporting period(C2)15,164.69 Total approved guarantee cap for subsidiaries at the end of the reporting period(C3)410,000.00 Total actual guarantee balance for subsidiaries at the end of the reporting period(C4)13,577.95 The total amount of Companys guarantees(that is,the total of the fir
216、st three items)Total guarantee cap approved during the reporting period(A1+B1+C1)2,200,000.00 Total actual guarantee amount during the reporting period(A2+B2+C2)873,595.15 Total approved guarantee cap at the end of reporting period(A3+B3+C3)2,200,000.00 Total actual guarantee balance at the end of t
217、he reporting period 635,276.59 Hikvision 2022 Half Year Report 44(A4+B4+C4)Portion of the total actual guarantee(A4+B4+C4)amount in net assets of the Company 10.24%Of which:The balance of guarantee for shareholders,actual controllers and their affiliates.(D)0 Amount of debt guarantees provided direc
218、tly or indirectly for entities with a liability-to-asset ratio over 70%(E)611,609.02 Total amount of guarantee exceeding 50%of net assets(F)0 Total guarantee amount of the above-mentioned 3 kinds of guarantees(D+E+F)611,609.02 Hikvision 2022 Half Year Report 45 3.Entrusted financial management Appli
219、cable Inapplicable No such case during the reporting period 4.Other significant contracts Applicable Inapplicable The Company has no other significant contracts in the reporting period.XIII.Other significant events Applicable Inapplicable On January 18th 2022,the 8th meeting of the 5th session of th
220、e Board of Directors of the Company deliberated and approved the Proposal on the Investment and Construction of HikRobot Products Industrial Base Project by the Companys Holding Subsidiary,and approved the Companys innovative business,a holding subsidiary of the Company,Hangzhou Hikrobot Technology
221、Co.,Ltd.(hereinafter referred to as HikRobot)to invest self-raised funds of RMB 1.1661 billion to build the above project.The project undertaker is HikRobot.For details,please refer to the Announcement on the Investment and Construction of HikRobot Products Industrial Base Project by the Companys Ho
222、lding Subsidiary published by the Company on cninfo website()on January 19th 2022(Announcement No.2022-007).On January 18th 2022,the 8th meeting of the 5th session of the Board of Directors of the Company deliberated and approved the Proposal on the Investment and Construction of Infrared Thermal Im
223、aging Products Industrial Base Project by the Companys Holding Subsidiary,and approved the Companys innovative business,a holding subsidiary of the Company,Hangzhou Hikmicro Sensing Technology Co.,Ltd.(hereinafter referred to as HikMicro)to invest self-raised funds of RMB 1.28018 billion to build th
224、e above project.The project undertaker is HikMicros wholly-owned subsidiary,Hangzhou Microimage Software Co.,Ltd.For details,please refer to the Announcement on the Investment and Construction of Infrared Thermal Imaging Products Industrial Base Project by the Companys Holding Subsidiary published b
225、y the Company on cninfo website()on January 19th 2022(Announcement No.2022-008).Hikvision 2022 Half Year Report 46 On January 18th 2022,the 8th meeting of the 5th session of the Board of Directors of the Company deliberated and approved the Proposal on the Investment and Construction of HikRobot Int
226、elligent Manufacturing(Tonglu)Base Project by the Companys Holding Subsidiary,and approved the Companys innovative business,a holding subsidiary of the Company,HikRobot to invest self-raised funds of RMB 1.53422 billion to build the above project.The project undertaker is HikRobots wholly-owned subs
227、idiary,Hangzhou Hikrobot Automation Co.,Ltd.For details,please refer to the Announcement on the Investment and Construction of HikRobot Intelligent Manufacturing(Tonglu)Base Project by the Companys Holding Subsidiary published by the Company on cninfo website()on January 19th 2022(Announcement No.20
228、22-009).On January 18th 2022,the 8th meeting of the 5th session of the Board of Directors of the Company deliberated and approved the Proposal on the Investment and Construction of Hikvision Global Warehousing and Logistics Center Project,and approved the Company to invest self-raised funds of RMB 1
229、.28605 billion to build the above project.The project undertaker is Hangzhou Hikvision Electronics Co.,Ltd.(hereinafter referred to as Electronics Company),which is a holding subsidiary of Hikvision.For details,please refer to the Announcement on the Investment and Construction of Hikvision Global W
230、arehousing and Logistics Center Project(Announcement No.2022-010).On January 24th 2022,the Electronics Company won the use right of the state-owned construction land for the project(Phase I)with a total of RMB 53.77 million.On February 10th 2022,the Electronics Company and Tonglu Planning and Natura
231、l Resources Bureau signed the Contract for Assigning the Right to Use State-owned Construction Land.On June 10th 2022,the project(Phase I)completed the processing of the Construction License for the storage plot and started construction.On December 30th 2021,the 7th meeting of the 5th session of the
232、 Board of Directors of the Company deliberated on and approved the Proposal on Authorizing Company Management to Begin Preparatory Work for the Split-off and Domestic Listing of Subsidiary Hangzhou Hikrobot Technology Co.,Ltd.,which authorized the management of the Company to begin preparatory work
233、for the Split-off and domestic listing of subsidiary Hangzhou Hikrobot Technology Co.,Ltd.For details,please refer to the Indicative Announcement on Authorizing Company Management to Begin Preparatory Work for the Split-off and Domestic Listing of Subsidiary Hangzhou Hikrobot Technology Co.,Ltd.publ
234、ished by the Company on cninfo website()on December 31st 2021(Announcement No.2021-074).On June 10th 2022,the 11th meeting of the 5th session of the Board of Directors Hikvision 2022 Half Year Report 47 and the 11th meeting of the 5th session of the Board of Supervisors reviewed and approved the rel
235、evant proposals including Proposal on the Initial Public Offering of Shares by Hangzhou Hikrobot Technology Co.,Ltd.,a Subsidiary of the Company,and Listing on the SZSE ChiNext Market,and Plan on Spin-off of Hangzhou Hikrobot Technology Co.,Ltd.,a subsidiary of the Company,and Listing on the SZSE Ch
236、iNext Market.Approved the initial public offering of RMB ordinary shares(A shares)and listing on the SZSE ChiNext Market by the subsidiary HikRobot after completing the joint-stock system reform.For details,please refer to the Plan on Spin-off of Hangzhou Hikrobot Technology Co.,Ltd.,a Subsidiary of
237、 the Company,and Listing on the SZSE ChiNext Market published by the Company on June 11th 2022 on cninfo website().On July 20th 2022,the 5th meeting of the 5th session of the Board of Directors Strategy Committee in 2022 reviewed and approved the Proposal on the Change of the Hangzhou Hikrobot Techn
238、ology Co.,Ltd.,a Holding Subsidiary of the Company,to a Limited-Liability Company by Shares.On July 21st 2022,HikRobot was established as a limited-liability company by shares as a whole.XIV.Significant events of the Companys subsidiaries Applicable Inapplicable During the reporting period,the Compa
239、ny steadily promoted the spin-off of EZVIZ Network to be listed on the Shanghai Stock Exchange STAR Market.On January 8th 2021,the Proposal on the Spin-off of the Companys Subsidiary Hangzhou EZVIZ Network Co.,Ltd.to be Listed on the SSE STAR Market was deliberated and adopted by the 21st Meeting of
240、 the 4th session of the Board of Directors and the 18th Meeting of the 4th session of the Board of Supervisors of the Company.On June 23rd 2021,the Proposal on the Overall Restructuring of the Companys Holding Subsidiary Hangzhou EZVIZ Network Co.,Ltd.as a Limited Liability Company by Shares was del
241、iberated and adopted by the 3rd Meeting of the Strategy Committee in 2021 of the 5th session of the Board of Directors of the Company.On June 24th 2021,EZVIZ Network as a whole was restructured and changed to a limited-liability company by shares.On July 2nd 2021,Zhejiang Securities Regulatory Burea
242、u of China Securities Regulatory Commission accepted the application filed by EZVIZ Network for initial public offering of A shares and pre-listing counseling for listing on the SSE STAR Market.On August 10th 2021,the 4th meeting of the 5th session of the Board of Directors and the 4th meeting of th
243、e 5th session of the Board of Supervisors reviewed and approved the Proposal on the Initial Public Share Offering and Listing on the STAR Market of the Shanghai Stock Exchange of the Subsidiary,Hangzhou EZVIZ Network Co.,Ltd.(revised draft).On September 27th 2021,the Companys second Hikvision 2022 H
244、alf Year Report 48 extraordinary general meeting in 2021 reviewed and approved the proposal to spin-off EZVIZ Network to be listed on the SSE STAR Market.On December 13th 2021,EZVIZ Network submitted the application materials for the initial public shares offering and listing on the STAR Market of t
245、he Shanghai Stock Exchange.On January 11th 2022,the Shanghai Stock Exchange issue the Inquiry Letter on Review of Application Documents for Initial Public Share Offering and Listing on the SSE STAR Market(Shang Zheng Ke Shen(Review)2022 No.11).EZVIZ Network has submitted the Reply to the Inquiry Let
246、ter on the Review of Hangzhou EZVIZ Network Co.,Ltd.s Application Documents for Initial Public Share Offering and Listing on the SSE STAR Market on March 15th 2022.On June 6th 2022,according to the Announcement on the Results of the 46th Review Meeting of the Listing Committee of the SSE STAR Market
247、 in 2022 issued by the Shanghai Stock Exchange,the review result is:Hangzhou EZVIZ Network Co.,Ltd.(initial offering)meets the issuance conditions,listing conditions and information disclosure requirements,EZVIZ Networks initial public offering of shares and its application for listing on the SSE ST
248、AR Market was reviewed and approved by the SSE STAR Markets Listing Committee.For details,please refer to Announcement on the Initial Public Offering of Shares by Hangzhou EZVIZ Network Co.,Ltd.,a Subsidiary of the Company,and its Application for Listing on the SSE STAR Market was Reviewed and Appro
249、ved by the SSE STAR Markets Listing Committee published by the Company on the cninfo website()on June 7th 2022(Announcement No.2022-038).The above spin-off matters are subject to(including but not limited to)obtaining the issuance registration procedures of the China Securities Regulatory Commission
250、 before implementation.Hikvision 2022 Half Year Report 49 Section VII Changes in Shares and Information about Shareholders I.Changes in share capital 1.Table of changes in share capital Unit:Share Before the change Changes in the period(+,-)After the change Shares Ratio New Shares Issued Bonus share
251、 Share transferred from capital reserve Others Sub-total Shares Ratio 1.Shares subject to conditional restriction(s)215,314,570 2.31%97,402,605 -55,180,574 42,222,031 257,536,601 2.73%1)State holdings 2)Shares held by State-owned corporate 3)Other domestic shares 215,200,030 2.31%97,266,605 -55,123,
252、304 42,143,301 257,343,331 2.73%Including:held by domestic corporates held by domestic natural person 215,200,030 2.31%97,266,605 -55,123,304 42,143,301 257,343,331 2.73%4)Foreign shares 114,540 0.00%136,000 -57,270 78,730 193,270 0.00%Including:held by overseas corporates held by overseas natural p
253、erson 114,540 0.00%136,000 -57,270 78,730 193,270 0.00%2.Shares without restriction 9,120,491,544 97.69%55,180,574 55,180,574 9,175,672,118 97.27%1)RMB common shares 9,120,491,544 97.69%55,180,574 55,180,574 9,175,672,118 97.27%Hikvision 2022 Half Year Report 50 Before the change Changes in the peri
254、od(+,-)After the change Shares Ratio New Shares Issued Bonus share Share transferred from capital reserve Others Sub-total Shares Ratio 2)Domestically listed foreign shares 3)Foreign shares listed overseas 4)Others 3.Total 9,335,806,114 100.00%97,402,605 97,402,605 9,433,208,719 100.00%Reason for th
255、e changes in share capital Applicable Inapplicable Grant Completion of 2021 Restricted Share Incentive Plan On January 18th 2022,the 8th meeting of the 5th session of the Board of Directors and the 8th meeting of the 5th session of the Board of Supervisors of the Company deliberated and approved the
256、 Proposal on Granting Restricted Shares to Incentive Objects under the 2021 Restricted Share Scheme.In accordance with the Measures for the Administration of Equity Incentives of Listed Companies and other relevant laws,regulations,departmental rules,normative documents,as well as the 2021 Restricte
257、d Share Scheme(Revised Draft)and related authorizations that approved by the first extraordinary general meeting in 2022,the Companys Board of Directors has completed the share grant and registration of the 2021 Restricted Share Scheme.The granted incentive objects are 9,738 people,and the total num
258、ber of granted restricted shares is 97,402,605 shares.The granted shares were listed on February 11th 2022.Upon completion of this restricted share scheme grant,the Companys total share capital increased by 97,402,605 shares from 9,335,806,114 shares to 9,433,208,719 shares.Approval for changes in s
259、hare capital Applicable Inapplicable On January 18th 2022,the 8th meeting of the 5th session of the Board of Directors and the 8th meeting of the 5th session of the Board of Supervisors of the Company deliberated and approved the Proposal on Granting Restricted Shares to Incentive Objects under the
260、2021 Restricted Share Scheme.In accordance with the Measures for the Administration of Equity Incentives of Listed Companies and other relevant laws,regulations,departmental rules,normative documents,as well as the 2021 Restricted Share Scheme(Revised Draft)and related authorizations that approved b
261、y the first extraordinary general meeting in 2022,the Board of Directors agreed Hikvision 2022 Half Year Report 51 that the Company to grant 99,417,229 restricted shares to 9,933 incentive objects of the 2021 restricted share incentive scheme,and the grant date is January 18th 2022.In the process of
262、 determining the payment of funds after the grant date,some incentive objects were disqualified due to resignation,and some incentive objects partially or completely gave up subscriptions due to personal reasons.Therefore,the actual grant objects of the Companys 2021 restricted share incentive schem
263、e were 9,738 people.The actual number of shares granted was 97,402,605 shares.For details,please refer to the Announcement on the Completion of the 2021 Restricted Share Incentive Scheme Share Grant(Announcement No.2022-011)published by the Company on cninfo website()on February 10th 2022.Transfer f
264、or changes in share capital Applicable Inapplicable On February 11th 2022,the restricted shares granted by the 2021 restricted share incentive scheme were listed,and the Companys total share capital increased by 97,402,605 shares from 9,335,806,114 shares to 9,433,208,719 shares Information about th
265、e implementation of share repurchase Applicable Inapplicable The implementation progress of reducing and repurchasing shares by centralized bidding Applicable Inapplicable Effects of changes in share capital on the basic earnings per share(EPS),diluted EPS,net assets per share attributable to common
266、 shareholders of the Company,and other financial indexes over the last year and last period Applicable Inapplicable Other contents that the Company considers necessary or required by the securities regulatory authorities to disclose Applicable Inapplicable Hikvision 2022 Half Year Report 52 2.Change
267、s in restricted shares Applicable Inapplicable Unit:Share Name of shareholder Opening restricted shares Increased in current period Vested in current period Closing restricted shares Note for restricted shares Date of unlocking Grantees of restricted share incentive plan(consolidated)68,762,683 33,1
268、42,730 97,402,605 133,022,558 Equity Incentive Restricted Shares May 18th 2022 Hu Yangzhong 116,434,858 0 0 116,434,858 Restricted shares for senior executives According to the relevant provisions of shares management for senior executives Wu Weiqi 6,473,317 0 0 6,473,317 Restricted shares for senio
269、r executives Huang Fanghong 235,875 0 33,000 268,875 Restricted shares for senior executives+partial of the unlocked restricted shares turning into restricted shares for senior executives Xu Lirong 227,250 0 0 227,250 Restricted shares for senior executives He Hongli 248,625 0 0 248,625 Restricted s
270、hares for senior executives Pu Shiliang 161,925 0 30,000 191,925 Restricted shares for senior executives+partial of the unlocked restricted shares turning into restricted shares for senior executives Hikvision 2022 Half Year Report 53 Name of shareholder Opening restricted shares Increased in curren
271、t period Vested in current period Closing restricted shares Note for restricted shares Date of unlocking Jin Yan 147,000 0 33,000 180,000 Restricted shares for senior executives+partial of the unlocked restricted shares turning into restricted shares for senior executives Bi Huijuan 130,950 0 36,900
272、 167,850 Restricted shares for senior executives+partial of the unlocked restricted shares turning into restricted shares for senior executives Jin Duo 82,125 0 0 82,125 Restricted shares for senior executives Cai Changyang 82,125 0 0 82,125 Restricted shares for senior executives Xu Ximing 29,550 0
273、 59,100 88,650 Restricted shares for senior executives+partial of the unlocked restricted shares turning into restricted shares for senior executives Wang Qiuchao 26,250 0 0 26,250 Restricted shares for senior executives Qu Liyang 11,812 0 0 11,812 Restricted shares for senior executives Xu Peng 0 0
274、 19,311 19,311 Restricted shares for senior executives+partial of the unlocked restricted shares turning into restricted shares for senior executives Hikvision 2022 Half Year Report 54 Name of shareholder Opening restricted shares Increased in current period Vested in current period Closing restrict
275、ed shares Note for restricted shares Date of unlocking Guo Xudong 0 0 11,070 11,070 Restricted shares for senior executives+partial of the unlocked restricted shares turning into restricted shares for senior executives Total 193,054,345 33,142,730 97,624,986 257,536,601-Note:Executives who are grant
276、ees under incentive restricted shares scheme,his/her holding incentive restricted shares are counted within the total incentive restricted shares(consolidated statistics)on the first row.II.Issuance and listing of securities Applicable Inapplicable Name of the stock and its derivative securities Iss
277、uing date Issuing price(or interest rate)Number of issuing Listing date Number approved for listing Date of termination of the transaction Disclosure index Disclosure date Stock Restricted stock February 11th 2022 RMB 29.71/share 97,402,605 February 11th 2022 97,402,605 February 10th 2022 Explanatio
278、n on the issuance of securities during the reporting period On December 30th 2021,the 7th meeting of the 5th session of the Board of Directors of the Company reviewed and approved the proposals including 2021 Restricted Share Incentive Scheme(Revised Draft)and its Summary and Proposal on Requesting
279、the General Meeting of Shareholders to Authorize the Board of Directors to Handle Matters Related to the 2021 Restricted Share Incentive Scheme.Proposed to the General Meeting of Shareholders to authorize the Board of Directors to implement the 2021 restricted share incentive scheme related matters.
280、On January 18th 2022,the 8th meeting of the 5th session of the Board of Directors and the 8th meeting of the 5th session of the Board of Supervisors reviewed and Hikvision 2022 Half Year Report 55 approved the Proposal on Granting Restricted Stocks to Incentive Objects under the 2021 Restricted Shar
281、e Incentive Scheme.In accordance with the Measures for the Administration of Equity Incentives of Listed Companies and other relevant laws,regulations,departmental rules,and normative documents,as well as the 2021 Restricted Share Incentive Scheme(Revised Draft)and related authorizations passed by t
282、he resolution of the first extraordinary general meeting in 2022,the Company has completed the share grant and registration of the 2021 restricted share incentive scheme.The incentive objects granted are 9,738 people,and the total number of restricted shares granted is 97,402,605 shares,accounting f
283、or 1.04%of the total share capital of the Company before the grant.The granted shares were listed on February 11th 2022.For details,please refer to the Announcement on the Completion of the Grant of Shares under the 2021 Restricted Share Incentive Scheme published by the Company on on February 10th
284、2022(Announcement No.2022-011).III.Total number of shareholders and their shareholdings Unit:Share Total number of common shareholders at the end of the reporting period 428,282 Total number of preferred shareholders with voting rights restored at the end of the current reporting period(if any)0 Par
285、ticulars about shares held by common shareholders with a shareholding percentage over 5%or the Top 10 of them Name of shareholder Nature of shareholder Share-holding percentage(%)Total common shares held at the end of the reporting period Increase/decrease during the reporting period The number of c
286、ommon shares held with trading restrictions The number of shares held without trading restrictions Pledged or frozen Shares Status Amount China Electronics Technology HIK Group Co.,Ltd.State-owned corporation 36.08%3,403,879,509 0 0 3,403,879,509 Pledged 50,000,000 Gong Hongjia Overseas individual 1
287、0.20%962,504,814 0 0 962,504,814 Pledged 119,220,000 Xinjiang Weixun Investment Management Limited Partnership Domestic non-state-owned corporation 4.78%450,795,176 0 0 450,795,176 Pledged 28,300,000 Hikvision 2022 Half Year Report 56 Shanghai Perseverance Asset Management Partnership(Limited Partne
288、rship)-Perseverance Adjacent Mountain 1 Yuanwang Fund Other 4.22%398,000,000 194,200,000 0 398,000,000 -CETC Investment Holdings Co.,Ltd.State-owned corporation 2.46%232,307,903 0 0 232,307,903 -Xinjiang Pukang Investment Limited Partnership Domestic non-state-owned corporation 1.93%182,510,174 0 0
289、182,510,174 Pledged 112,533,000 The 52nd Research Institute at China Electronics Technology Group Corporation State-owned corporation 1.92%180,775,044 0 0 180,775,044 -Hu Yangzhong Domestic Individual 1.65%155,246,477 0 116,434,858 38,811,619 -Central Huijin Investment Co.,Ltd.State-owned corporatio
290、n 0.69%64,700,691 0 0 64,700,691 -Shenwan Hongyuan Securities Co.,Ltd State-owned corporation 0.50%46,786,112 -39,012,112 0 46,786,112 -Explanation on associated relationship or concerted actions among the above-mentioned shareholders:China Electronics Technology HIK Group Co.,Ltd.,CETC Investment H
291、oldings Co.,Ltd.and The 52nd Research Institute at China Electronics Technology Group Co.,Ltd.are all subject to control of China Electronics Technology Group Co.Ltd.Ms.Chen Chunmei,limited partner of Xinjiang Pukang Investment Limited Partnership,is the spouse of Mr.Gong Hongjia,foreign individual
292、shareholder of the Company.Hu Yangzhong,domestic individual,is holding shares in both Xinjiang Weixun Investment Management Limited Partnership and Xinjiang Pukang Investment Limited Partnership.Except for these,the Company does not know whether the other shareholders are related parties or whether
293、they are acting-in-concert parties in accordance with the Administration of the Takeover of Listed Companies Procedures.Particulars about shares held by the Top 10 common shareholders holding shares that are not subject to trading restriction(s)Hikvision 2022 Half Year Report 57 Name of shareholder
294、Number of common shares without trading restrictions held at the period-end Type of shares Type Number China Electronics Technology HIK Group Co.,Ltd.3,403,879,509 RMB common shares 3,403,879,509 Gong Hongjia 962,504,814 RMB common shares 962,504,814 Xinjiang Weixun Investment Management Limited Par
295、tnership 450,795,176 RMB common shares 450,795,176 Shanghai Perseverance Asset Management Partnership(Limited Partnership)-Perseverance Adjacent Mountain 1 Yuanwang Fund 398,000,000 RMB common shares 398,000,000 CETC Investment Holdings Co.,Ltd.232,307,903 RMB common shares 232,307,903 Xinjiang Puka
296、ng Investment Limited Partnership 182,510,174 RMB common shares 182,510,174 The 52nd Research Institute at China Electronics Technology Group Co.Ltd.180,775,044 RMB common shares 180,775,044 Central Huijin Investment Co.,Ltd.64,700,691 RMB common shares 64,700,691 Shenwan Hongyuan Securities Co.,Ltd
297、 46,786,112 RMB common shares 46,786,112 Hong Kong Securities Clearing Company Ltd.(HKSCC)46,449,732 RMB common shares 46,449,732 Explanation on associated relationship and concerted actions among top ten common shareholders holding shares without trading restrictions,and among top ten common shareh
298、olders and top ten common shareholders holding shares without trading restrictions China Electronics Technology HIK Group Co.,Ltd.,CETC Investment Holdings Co.,Ltd.and The 52nd Research Institute at China Electronics Technology Group Co.,Ltd.are all subject to control of China Electronics Technology
299、 Group Co.Ltd.Ms.Chen Chunmei,limited partner of Xinjiang Pukang Investment Limited Partnership,is the spouse of Mr.Gong Hongjia,foreign individual shareholder of the Company.Hu Yangzhong,domestic individual,is holding shares in both Xinjiang Weixun Investment Management Limited Partnership and Xinj
300、iang Pukang Investment Limited Partnership.Except for these,the Company does not know whether the other shareholders are related parties or whether they are acting-in-concert parties in accordance with the Administration of the Takeover of Listed Companies Procedures.Note:The shareholders Xinjiang W
301、eixun Investment Management Limited Partnership and Xinjiang Pukang Investment Limited Partnership have changed their names to Hangzhou Weixun Equity Investment Partnership(Limited Partnership)and Hangzhou Pukang Equity Investment Partnership(Limited Partnership)in July 2022).Any of the Companys top
302、 10 common shareholders or top 10 non-restricted common shareholders conducted any agreed buy-back in the reporting period?Applicable Inapplicable No such case during the current reporting period.Hikvision 2022 Half Year Report 58 IV.Shareholding changes of directors,supervisors,senior management pe
303、rsonnel Applicable Inapplicable Name Title Tenure status Shares held at the beginning of the current reporting period(shares)Shares increased during the current reporting period(shares)Shares decreased during the current reporting period(shares)Shares held at the end of the current reporting period(
304、Shares)Number of restricted stocks held at the beginning of the current reporting period(shares)Number of restricted stocks granted in the current reporting period(shares)Number of restricted stocks held at the end of the current reporting period(shares)Chen Zongnian Chairman Incumbent 0 0 0 0 0 0 0
305、 Qu Liyang Director Incumbent 15,750 0 0 15,750 0 0 0 Wang Qiuchao Director Incumbent 35,000 0 0 35,000 0 0 0 Hu Yangzhong Director,General Manager(CEO)Incumbent 155,246,477 0 0 155,246,477 0 0 0 Wu Weiqi Director,Standing Deputy General Manager Incumbent 8,631,089 0 0 8,631,089 0 0 0 Wu Xiaobo Inde
306、pendent Director Incumbent 0 0 0 0 0 0 0 Hu Ruimin Independent Director Incumbent 0 0 0 0 0 0 0 Li Shuhua Independent Director Incumbent 0 0 0 0 0 0 0 Guan Qingyou Independent Director Incumbent 0 0 0 0 0 0 0 Hong Tianfeng Supervisor Chairman Incumbent 0 0 0 0 0 0 0 Lu Jianzhong Supervisor Incumbent
307、 0 0 0 0 0 0 0 Hikvision 2022 Half Year Report 59 Name Title Tenure status Shares held at the beginning of the current reporting period(shares)Shares increased during the current reporting period(shares)Shares decreased during the current reporting period(shares)Shares held at the end of the current
308、 reporting period(Shares)Number of restricted stocks held at the beginning of the current reporting period(shares)Number of restricted stocks granted in the current reporting period(shares)Number of restricted stocks held at the end of the current reporting period(shares)Xu Lirong Supervisor Incumbe
309、nt 303,000 0 0 303,000 0 0 0 He Hongli Senior Deputy General Manager Incumbent 331,500 0 0 331,500 0 0 0 Cai Changyang Senior Deputy General Manager Incumbent 109,500 0 0 109,500 0 0 0 Xu Ximing Senior Deputy General Manager Incumbent 197,000 90,000 0 287,000 118,200 90,000 149,100 Bi Huijuan Senior
310、 Deputy General Manager Incumbent 273,000 0 0 273,000 73,800 0 36,900 Pu Shiliang Senior Deputy General Manager Incumbent 295,900 90,000 0 385,900 60,000 90,000 120,000 Jin Duo Senior Deputy General Manager Incumbent 109,500 0 0 109,500 0 0 0 Jin Yan Senior Deputy General Manager,Person in charge of
311、 finance Incumbent 284,000 80,000 0 364,000 66,000 80,000 113,000 Huang Fanghong Senior Deputy General Manager,Board Secretary Incumbent 402,500 80,000 0 482,500 66,000 80,000 113,000 Chen Junke Senior Deputy General Manager Incumbent 0 0 0 0 0 0 0 Hikvision 2022 Half Year Report 60 Name Title Tenur
312、e status Shares held at the beginning of the current reporting period(shares)Shares increased during the current reporting period(shares)Shares decreased during the current reporting period(shares)Shares held at the end of the current reporting period(Shares)Number of restricted stocks held at the b
313、eginning of the current reporting period(shares)Number of restricted stocks granted in the current reporting period(shares)Number of restricted stocks held at the end of the current reporting period(shares)Xu Peng Senior Deputy General Manager Incumbent 77,244 70,000 0 147,244 77,244 70,000 108,622
314、Guo Xudong Senior Deputy General Manager Incumbent 44,280 0 0 44,280 44,280 0 22,140 Total -166,355,740 410000 0 166,765,740 505,524 410,000 662,762 Note:Number shares held at the beginning of the period,shares increased during the period,shares decreased during the period for directors,supervisors,
315、and senior management personnel above are all shares directly held by them accordingly,including restricted shares.V.Changes in controlling shareholders or actual controllers Change of the controlling shareholder during the reporting period Applicable Inapplicable The Companys controlling shareholde
316、r has not changed during the reporting period.Change of the actual controller during the reporting period Applicable Inapplicable No such change during the reporting period.Hikvision 2022 Half Year Report 61 Section VIII Information of Preferred Shares Applicable Inapplicable There is no preferred s
317、hare existed for the Company during the current reporting period.Hikvision 2022 Half Year Report 62 Section IX Bonds Applicable Inapplicable Hikvision 2022 Half Year Report 63 Section X Financial Report I.Audit report Whether audit has been performed on the half year report Yes No The Companys 2022
318、Half Year Report has not been audited Hikvision 2022 Half Year Report 64 On June 30th 2022 Consolidated Balance Sheet Unit:RMB Item Notes On June 30th 2022 On December 31st 2021 Current Assets:Cash and bank balances(V)1 28,026,753,554.36 34,721,870,931.36 Held-for-trading financial assets(V)2 48,035
319、,480.36 34,320,010.83 Notes receivable (V)3 1,288,013,706.27 1,522,760,905.30 Accounts receivable(V)4 29,113,163,447.64 26,174,773,100.42 Receivables for financing(V)5 1,299,586,224.80 1,316,035,122.06 Prepayments (V)6 623,465,090.39 505,798,253.35 Other receivables(V)7 701,025,124.55 359,620,445.88
320、 Inventories(V)8 20,675,229,472.10 17,974,112,407.60 Contract assets(V)9 1,351,087,065.82 1,411,372,624.91 Non-current assets due within one year(V)10 929,050,417.26 975,960,437.14 Other current assets(V)11 1,150,677,072.25 1,022,600,377.78 Total Current Assets 85,206,086,655.80 86,019,224,616.63 No
321、n-current Assets:Long-term receivables(V)12 585,772,563.78 613,067,944.97 Long-term equity investment(V)13 1,112,866,990.60 982,165,546.45 Other non-current financial assets(V)14 383,275,456.44 438,724,172.22 Fixed assets(V)15 7,756,708,670.69 6,695,590,671.27 Construction in progress(V)16 2,845,209
322、,423.58 2,323,336,098.68 Right-of-use assets(V)17 571,513,353.19 566,393,672.75 Intangible assets(V)18 1,524,688,956.96 1,304,247,415.07 Goodwill(V)19 213,996,760.47 202,381,895.37 Long-term deferred expenses(V)20 157,911,083.23 158,007,174.90 Deferred tax assets(V)21 1,425,447,500.25 1,210,877,575.
323、24 Other non-current assets(V)22 3,110,856,444.55 3,350,526,411.63 Total Non-current Assets 19,688,247,203.74 17,845,318,578.55 Total Assets 104,894,333,859.54 103,864,543,195.18 Hikvision 2022 Half Year Report 65 On June 30th 2022 Consolidated Balance Sheet-continued Unit:RMB Item Notes On June 30t
324、h 2022 On December 31st 2021 Current Liabilities:Short-term borrowings(V)23 4,588,003,450.26 4,074,962,469.97 Held-for-trading financial liabilities(V)24 109,770,258.90 4,062,317.57 Notes payable (V)25 777,786,052.56 1,339,998,383.34 Accounts payable(V)26 14,758,328,901.40 15,889,694,981.12 Contract
325、 liabilities(V)27 2,385,309,266.27 2,580,894,226.59 Payroll payable(V)28 3,373,121,582.34 4,595,552,073.12 Taxes payable(V)29 1,359,762,591.98 1,461,470,029.69 Other payables(V)30 2,607,868,914.21 1,830,626,583.03 Non-current liabilities due within one year(V)31 672,339,752.76 596,915,360.58 Other c
326、urrent liabilities(V)32 864,170,079.25 917,479,922.61 Total Current Liabilities 31,496,460,849.93 33,291,656,347.62 Non-current Liabilities:Long-term borrowings(V)33 4,730,784,322.12 3,284,371,642.52 Lease liabilities(V)34 361,747,620.12 317,951,879.21 Long-term payables(V)35 7,662,432.39 9,009,331.
327、50 Provisions(V)36 221,289,572.47 200,675,950.96 Deferred income(V)37 776,675,177.34 738,586,458.05 Deferred tax liabilities(V)21 76,299,876.50 93,315,151.17 Other non-current liabilitie(V)38 2,833,228,372.94 534,334,158.27 Total Non-current Liabilities 9,007,687,373.88 5,178,244,571.68 Total Liabil
328、ities 40,504,148,223.81 38,469,900,919.30 Owners Equity Share capital(V)39 9,433,208,719.00 9,335,806,114.00 Capital reserves(V)40 8,843,377,782.09 5,404,070,600.07 Less:Treasury shares(V)41 3,304,135,992.99 1,023,188,723.04 Other comprehensive income(V)42 (49,391,626.99)(77,184,125.29)Surplus reser
329、ves(V)43 4,672,505,348.00 4,672,505,348.00 Retained earnings(V)44 42,418,244,379.68 45,148,877,451.52 Total owners equity attributable to owner of the Company 62,013,808,608.79 63,460,886,665.26 Minority equity 2,376,377,026.94 1,933,755,610.62 Total Owners Equity 64,390,185,635.73 65,394,642,275.88
330、 Total Liabilities and Owners Equity 104,894,333,859.54 103,864,543,195.18 The accompanying notes form part of the financial statements.The financial statements were signed by the following:Legal Representative:Chen Zongnian;Person in Charge of the Accounting Work:Jin Yan;Person in Charge of the Acc
331、ounting Department:Zhan Junhua Hikvision 2022 Half Year Report 66 On June 30th 2022 Balance Sheet of the Parent Company Unit:RMB Item Notes On June 30th 2022 On December 31st 2021 Current Assets:Cash and bank balances 22,727,548,883.86 26,656,489,813.38 Held-for-trading financial assets 9,578,357.87
332、 4,489,098.88 Notes receivable 193,204,820.26 254,830,140.51 Accounts receivable(XV)1 28,326,601,855.11 23,878,118,071.42 Receivables for financing 8,199,874.68 3,116,794.78 Prepayments 103,335,368.49 116,908,227.97 Other receivables(XV)2 1,742,318,956.56 1,514,142,364.05 Inventories 289,330,266.03
333、346,835,446.94 Contract assets 1,084,908.85 2,627,800.33 Non-current assets due within one year 135,477,718.70 123,112,934.70 Other current assets 17,322,430.12 46,183,195.94 Total Current Assets 53,554,003,440.53 52,946,853,888.90 Non-current Assets:Long-term accounts receivable 235,379,383.72 237,682,275.59 Long-term equity investment(XV)3 7,646,251,215.60 7,785,916,631.88 Other non-current fina