Hikvision 2025 Q3 Report Stock Exchange Code：002415 Abbreviation of Securities：Hikvision No：2025-045 Hangzhou Hikvision Digital Technology Co. Ltd. 2025 3rd Quarter Report The Company and all members of the Board of Directors guarantee that the information disclosed is true accurate and complete without false records misleading statements or material omissions.Important Content Notes: 1. The Board of Directors directors and senior management of Hangzhou Hikvision Digital Technology Co. Ltd. (hereinafter referred to as the "Company") hereby guarantee that the information presented in this report shall be together be wholly liable for the truthfulness accuracy and completeness of its contents and free of any false records misleading statements or material omissions and will undertake individual and joint legal liabilities. 2. Hu Yangzhong the Company's legal representative Jin Yan the person in charge of the accounting work and Zhan Junhua the person in charge of accounting institution (accounting supervisor) hereby declare and warrant that the financial information in this report is authentic accurate and complete. 3. Whether the 3rd quarter report has been audited □Yes √ NoHikvision 2025 Q3 Report I. Key Financial Data 1. Key Accounting Data and Financial Indicators Whether the Company performed a retroactive adjustment or restatement of the previous accounting data □ Yes √ No YoY Change between 2025 Q3 YoY Change between 2025 2025 Q3 2025 Q1~Q3 and 2024 Q3 Q1~Q3 and 2024 Q1~Q3 Revenue (RMB) 23939742368.57 0.66% 65757782457.01 1.18% Net profit attributable to shareholders of the 3661774929.8020.31%9319124728.4814.94% Company (RMB) Net profit attributable to shareholders of the Company excluding non-recurring gains and 3481971466.50 19.73% 8970971794.87 10.06% losses (RMB) Net cash flows from operating activities (RMB) — — 13697028509.05 426.06% Basic earnings per share (RMB/share) 0.399 17.70% 1.014 15.49% Diluted earnings per share (RMB/share) 0.399 17.70% 1.014 15.49% Weighted average ROE 4.56% 0.52% 11.43% 0.91% Change(%) between December 31 2024 and On September 30 2025 On December 31 2024 September 30 2025 Total assets (RMB) 129863372985.51 132016200156.14 -1.63% Net assets attributable to shareholders of the 78394069874.5980668661062.88-2.82% Company (RMB) The total share capital of the Company as of the previous trading day of the financial report disclosure: The total share capital of the Company as of the previous trading day of the financial report disclosure (share) 9164871550 Fully diluted earnings per share calculated using the latest share capital: Fully diluted earnings per share (RMB/share) calculated with the latest share capital 1.017Hikvision 2025 Q3 Report 2. Items and Amounts of Non-recurring Gains and Losses √ Applicable □ Inapplicable Unit：RMB Item Amount occurred in the current January 1 2025– reporting period (2025 Q3) September 30 2025 Profit or loss from disposal of non-current assets (including the 12151391.4519500523.61 write-off for the impairment provision of assets) Government subsidies included in the current profit and loss (excluding the government subsidy closely related to regular course of business of the Company and government subsidy based 266815472.20 534454157.42 on standard quota or quantitative continuous application according to the state industrial policy) Apart from the effective hedging activities related to the Company's normal business operations the fair value changes in financial assets and financial liabilities held by non-financial -18081481.87 -102728179.45 enterprises as well as the gains or losses from the disposal of these financial assets and liabilities.Investment income generated from the disposal of long-term equity 9318754.759542834.63 investments Profit or loss on debt restructuring -8314087.00 -8314087.00 Other non-operating income and expenditures except the items 17132143.4646371444.19 mentioned above Less: Impact of income tax 42080340.93 59949789.62 Impact of the minority interests (after tax) 57138388.76 90723970.17 Total 179803463.30 348152933.61 Details of other profit and loss items that meet the definition of non-recurring profit and loss: □ Applicable √ Inapplicable The Company does not have other specific conditions of profit and loss items that meet the definition of non- recurring profit and loss.Explanations on classifying any non-recurring gain/loss item mentioned in the as recurring gain/loss item.□ Applicable √ Inapplicable The Company does not classify any non-recurring gain/loss item mentioned in the as recurring gain/loss item.Hikvision 2025 Q3 Report 3. Information and Explanation about Variations in Key Accounting Data and Financial Indicators √Applicable □Inapplicable 2025 Q1 ~ 2025 Q3 2024 Q1 ~ 2024 Q3 Item YoY Change Note of changes (RMB) (RMB) Net cash flows from 13697028509.05 2603725074.80 426.06% Increase in sales collections operating activitiesHikvision 2025 Q3 Report II. Shareholder Information 1. Total Number of Common Shareholders and Preferred Shareholders with Resumed Voting Rights and Information about Top 10 Shareholders Unit: Share Total number of preferred shareholders (if any) Total number of common shareholders at the 387222 whose voting rights have been recovered at the end 0 end of the reporting period of the reporting period (if any) Particulars about top 10 shareholders (Excludes shares lent through refinancing) The number Pledged marked or Share- Total shares of common frozen Nature of holding Name of shareholder held at the shares held shareholder percentage period-end with trading (%) Status Amount restrictions Domestic State- China Electronics Technology HIK Group Co.owned 37.28% 3416996509 - Pledged 50000000 Ltd.corporation Overseas Gong Hongjia 10.50% 962504814 - Pledged 264908200 individual Domestic Hangzhou Weixun Equity Investment non-state- 4.92% 450795176 - Pledged 6000000 Partnership (Limited Partnership) owned corporation Shanghai Perseverance Asset Management Partnership (Limited Partnership) - Other 3.06% 280000000 - - - Perseverance Adjacent Mountain 1 Yuanwang Fund Domestic State- CETC Investment Holdings Co. Ltd. owned 2.71% 248366268 - - - corporation Domestic Hangzhou Pukang Equity Investment non-state- 1.99% 182510174 - Pledged 56790000 Partnership (Limited Partnership) owned corporation Domestic State- The 52nd Research Institute at China Electronics owned 1.97% 180775044 - - - Technology Group Co. Ltd.corporation Domestic Hu Yangzhong 1.70% 155996477 1 16997358 - - Individual China Life Insurance Co. Ltd. - Traditional - Other 1.39% 127550920 - - - Ordinary Insurance Product - 005L-CT001 SH Domestic State- Central Huijin Investment Co. Ltd. owned 0.71% 64700691 - - - corporation Particulars about shares held by the Top 10 common shareholders holding shares that are not subject to trading restriction(s) (Excludes loaned shares through refinancing and lock-up shares of senior executives) Number of common shares Type of shares Name of shareholder without trading restrictions held at the period-end Type Number China Electronics Technology HIK Group Co. 3416996509 RMB common shares 3416996509 Ltd.Hikvision 2025 Q3 Report Gong Hongjia 962504814 RMB common shares 962504814 Hangzhou Weixun Equity Investment 450795176 RMB common shares 450795176 Partnership (Limited Partnership) Shanghai Perseverance Asset Management Partnership (Limited Partnership) - 280000000 RMB common shares 280000000 Perseverance Adjacent Mountain 1 Yuanwang Fund CETC Investment Holdings Co. Ltd 248366268 RMB common shares 248366268 Hangzhou Pukang Equity Investment 182510174 RMB common shares 182510174 Partnership (Limited Partnership) The 52nd Research Institute at China Electronics 180775044 RMB common shares 180775044 Technology Group Co. Ltd China Life Insurance Co. Ltd. - Traditional - 127550920 RMB common shares 127550920 Ordinary Insurance Product - 005L-CT001 SH Central Huijin Investment Co. Ltd. 64700691 RMB common shares 64700691 Industrial and Commercial Bank of China Co.Ltd. – Huatai PineBridge CSI 300 Exchange 63051156 RMB common shares 63051156 Traded Fund In the aforementioned shareholders 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 acting in concert. Mr. Gong Hongjia and Hangzhou Pukang Equity Investment Partnership (Limited Partnership) are Explanation on associated relationship and acting in concert. Hu Yangzhong and Hangzhou Weixun Equity Investment concerted actions among above shareholders Partnership (Limited Partnership) are acting in concert. 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.Situation of shareholders holding more than 5% of the shares the top 10 shareholders and the top 10 shareholders of common shares without trading restrictions participating in the lending of shares in the refinancing business □Applicable √Inapplicable Changes of the top 10 shareholders and the top 10 shareholders that are not subject to trading restriction compared with the previous period due to refinancing lending/repayment issues □ Applicable √ Inapplicable 2. Total Number of Preferred Shareholders and Information about Top 10 Preferred Shareholders □ Applicable √ InapplicableHikvision 2025 Q3 Report III. Significant Events √Applicable □Inapplicable 1. The Company has completed the implementation of its share repurchase plan and has cancelled the repurchased shares Based on the firm confidence in the Company's future development prospects and the high recognition of its long- term value the Chairman of the board proposed a share repurchase on October 18 2024. The proposal was reviewed and approved at the 4th Meeting of the Sixth Board of Directors on December 9 2024 and the 2024 2nd Extraordinary General Meeting on December 25 2024 through the Share Repurchase Plan Proposal. The company is authorized to repurchase a portion of its domestically issued RMB ordinary shares (A-shares) via centralized bidding on the Shenzhen Stock Exchange. The total repurchase amount shall not exceed RMB2.50 billion (inclusive) and shall be no less than RMB2.00 billion (inclusive) with a maximum repurchase price of RMB 401 per share (inclusive). Funding sources include the Company's own capital and a dedicated share repurchase loan. The repurchase period shall not exceed 12 months from the date of shareholder approval. The repurchased shares will be canceled to reduce registered capital. For details refer to the announcements published on October 19 December 10 and December 26 2024: Announcement on the Chairman of the board's Share Repurchase Proposal Resolution of the Fourth Meeting of the Sixth Board of Directors Announcement on the Share Repurchase Plan Resolution of the 2024 Second Extraordinary General Meeting and Share Repurchase Report.On December 26 2024 the Company completed its first repurchase of 4003019 shares via a dedicated securities account through centralized bidding representing 0.0434% of the total shares outstanding at the time of the repurchase. The highest and lowest transaction prices were RMB 31.50/share and RMB 31.06/share respectively with a total share value of RMB 125613283.27 (excluding transaction fees). During the implementation period of the share repurchase the company strictly complies with the relevant legal and regulatory requirements announcing the repurchase progress as of the end of the previous month within the first three trading days of each month. The company promptly fulfills its obligation to disclose the progress of the repurchase. For details refer to the Announcement on the First Repurchase of Company Shares published on the CNINFO website on December 27 2024 and the monthly Announcement on the Progress of the Company’s Share Repurchase. 1 Due to the implementation of the 2024 annual rights distribution the upper limit of the repurchase price has been adjusted to RMB 39.30 per share since May 20 2025.Hikvision 2025 Q3 Report As of the market close on August 28 the Company has cumulatively repurchased 68326776 shares through a dedicated securities repurchase account using the centralized bidding trading method. This represents 0.74% of the total pre-cancellation share capital (9233198326 shares). The highest transaction price was RMB 32.70 per share the lowest transaction price was RMB 27.06 per share and the average transaction price was RMB 29.69 per share.The total transaction amount was RMB 2028349444.12 (excluding transaction fees). The funds for this repurchase came from the Company’s own funds and a special loan for share repurchase and the repurchase price did not exceed the upper limit set in the repurchase plan. The Company has completed the implementation of this share repurchase plan. On September 4 2025 the company completed the cancellation procedures for the above shares at China Securities Depository and Clearing Co. Ltd. Shenzhen Branch. For more details refer to Announcement on the Implementation Results and Share Changes of the Share Repurchase and Announcement on the Completion of Share Repurchase Cancellation and Share Changes published on the CNINFO website on August 29 2025 and September 9 2025 respectively. 2. The Company proposed and implemented the 2025 mid-year dividend plan. To further enhance shareholder returns increase shareholder satisfaction and boost confidence in the Company’s future development on August 11 2025 Mr. Hu Yangzhong the Company’s chairman proposed that the company formulate and implement a 2025 interim dividend plan. The Company held its Seventh Meeting of the Sixth Board of Directors on September 5 2025 and the First Extraordinary General Meeting of 2025 on September 23 2025 to review and approve the Proposal on the 2025 Interim Dividend Plan. The plan agreed to distribute a cash dividend of RMB 4.00 (tax included) per 10 shares to all shareholders based on the total number of shares entitled to profit distribution as of the record date for the 2025 interim dividend (i.e. the current total share capital of 9164871550 shares) with no bonus shares issued and no capital reserve conversion. The total amount of this cash dividend is RMB 3665948620.00. The record date for this semi-annual rights distribution is October 9 2025 and the ex-date is October 10 2025. The Company has completed the implementation of the semi-annual rights distribution plan.For more details see the Announcements published on the CNINFO website on August 12 2025 September 6 2025 and September 26 2025 respectively: Notice of the Company’s Chairman Proposing the Implementation of the 2025 Interim Dividend Announcement on the 2025 Interim Dividend Plan and Announcement on the Implementation of the 2025 Semi-Annual Rights Distribution.Hikvision 2025 Q3 Report IV. Quarterly Financial Reports 1. Financial Statements 1.1 Consolidated balance sheet Unit: RMB Item September 30 2025 December 31 2024 Current Assets: Cash and bank balances 36650972737.97 36271488337.03 Derivative financial assets 6060739.31 26775923.93 Notes receivable 2794651394.59 2722596142.46 33173991626.8237910128735.42 Accounts receivable Receivables for financing 1903857102.80 2291648244.05 Prepayments 711294664.61 664602593.01 Other receivables 587756665.24 531344606.50 Inventories 20105048915.91 19110711958.11 Contract assets 958384099.80 985822785.69 Non-current assets due within one year 671208361.54 894327647.82 Other current assets 1278645132.31 1071066653.10 Total Current Assets 98841871440.90 102480513627.12 Non-current Assets: Long-term receivables 250492421.42 380453188.09 Long-term equity investment 1638181782.48 1527223390.79 Other non-current financial assets 475993325.46 472000082.76 Fixed assets 16787289311.27 15063752296.49 Construction in progress 4569842911.63 4699473381.21 Right-of-use assets 450330390.28 530138023.79 Intangible assets 1852100830.16 1828287135.99 Goodwill 312187169.01 312165129.29 Long-term deferred expenses 135088800.91 162841758.91 Deferred tax assets 2317960595.41 2206191157.06 Other non-current assets 2232034006.58 2353160984.64 Total Non-current Assets 31021501544.61 29535686529.02 Total Assets 129863372985.51 132016200156.14 Current Liabilities: Short-term borrowings 1478839687.75 1031895812.62 Derivative financial liabilities 7469351.47 1874341.64 Notes payable 423074018.58 1197128746.56 Accounts payable 17544873021.16 20185303107.69Hikvision 2025 Q3 Report Item September 30 2025 December 31 2024 Contract liabilities 3596901370.41 3353943054.24 Payroll payable 6018465709.07 5666415834.10 Taxes payable 1887982835.06 1535936096.02 Other payables 5575765631.77 3528359044.48 Including: dividends payable 2077144117.19 186793.11 Non-current liabilities due within one year 3824770730.18 767030688.91 Other current liabilities 376930931.62 377117275.65 Total Current Liabilities 40735073287.07 37645004001.91 Non-current Liabilities: Long-term borrowings 1357343268.55 5119185000.00 Lease liabilities 306827886.52 375432749.68 Long-term payables 9749569.60 9780220.80 Provisions 351327201.61 305250049.71 Deferred income 823446188.87 874512073.53 Deferred tax liabilities 130584318.84 112711363.52 Other non-current liabilities 177518573.22 74029948.84 Total Non-current liabilities 3156797007.21 6870901406.08 Total Liabilities 43891870294.28 44515905407.99 Owners’ Equity Share capital 9164871550.00 9233198326.00 Capital reserves 4302740979.56 6181644265.06 Less: Treasury shares - 310044296.12 Other comprehensive income 28149471.40 (111510486.21) Surplus reserves 4715460312.00 4715460312.00 Retained earnings 60182847561.63 60959912942.15 Total owners' equity attributable to owner 78394069874.5980668661062.88 of the Company Minority equity 7577432816.64 6831633685.27 Total Owners' Equity 85971502691.23 87500294748.15 Total Liabilities and Owners' Equity 129863372985.51 132016200156.14 Legal Representative: Hu Yangzhong Person in Charge of the Accounting work: Jin Yan Person in Charge of Accounting Institution: Zhan JunhuaHikvision 2025 Q3 Report 1.2 Consolidated income statement from the beginning of the year to the end of the reporting period Unit: RMB 2024 Q1~Q3 Item 2025 Q1~Q3 (Restated) I. Revenue 65757782457.01 64991467788.45 II．Total Operating Costs 55686958076.14 55973716430.00 Less: Cost of sales and services 35925957434.61 36045818382.36 Business taxes and surcharges 580526397.79 518733466.76 Selling expenses 8848755711.92 8543958715.48 Administrative expenses 2228082915.85 2261849315.30 Research and development (R&D) 8738019947.938736220937.73 expenses Financial expenses (634384331.96) (132864387.63) Including：Interest expenses 153576328.82 316839376.56 Interest income 392986285.68 712317025.99 Add: Other income 2077470226.71 1938138530.25 Investment income (loss"-") 142210131.47 37783854.68 Including: Investment gains (losses) in associated enterprise and joint-venture 171642463.57 (89958117.85) enterprise Gains on derecognition of financial assets 89740.00- measured at amortized cost Gains (loss"-") from changes in fair values (26762278.99) 7519902.82 Credit impairment losses ("-") (346820752.43) (600045342.10) Impairment losses ("-") of assets (318298549.51) (269141180.16) Asset disposal income (loss"-") 19524387.58 (13809533.99) III. Operating Profit (loss"-") 11618147545.70 10118197589.95 Add: Non-operating income 53542089.72 51891881.12 Less: Non-operating expenses 12125089.21 19894367.06 IV. Total Profit (loss"-") 11659564546.21 10150195104.01 Less: Income tax expenses 1405797200.10 1242370816.25 V. Net Profit (loss"-") 10253767346.11 8907824287.76 5.1 Classification by operation continuity (a) Net profit (loss) on continuous 10253767346.118907824287.76 operation (b) Net profit (loss) on terminated -- operation 5.2 Classification by attribution of ownership (a) Net profit attributable to owners of 9319124728.48 8107748494.46Hikvision 2025 Q3 Report 2024 Q1~Q3 Item 2025 Q1~Q3 (Restated) parent company (b) Profit or loss attributable to minority 934642617.63800075793.30 shareholders VI. Other Comprehensive Income Net of 213152756.92(239996824.05) Income Tax Other comprehensive income attributable to 139659957.61(126255854.26) owners of the Company net of tax (I) Items that will not be reclassified -- subsequently to profit or loss (II) Other comprehensive income to be reclassified to profit or loss in subsequent 139659957.61 (126255854.26) periods 1. Exchange differences arising on conversion of financial statements 139659957.61 (126255854.26) denominated in foreign currencies Other comprehensive income attributable to 73492799.31(113740969.79) minority interests net of tax VII. Total Comprehensive Income 10466920103.03 8667827463.71 Total comprehensive income attributable to 9458784686.097981492640.20 owners of the parent company Total comprehensive income attributable to 1008135416.94686334823.51 minority shareholders VIII. Earnings Per Share (I) Basic earnings per share 1.014 0.878 (II) Diluted earnings per share 1.014 0.878 Legal Representative: Hu Yangzhong Person in Charge of the Accounting work: Jin Yan Person in Charge of Accounting Institution: Zhan Junhua 1.3 Consolidated cash flow statement from the beginning of the year to the end of the reporting period Unit: RMB Item 2025 Q1~Q3 2024 Q1~Q3 I. Cash Flows from Operating Activities: Cash received from sale of goods or rendering of services 78369270196.90 67372383421.35 Receipts of tax refunds 3236882063.37 3213608844.77 Other cash receipts relating to operating activities 1186697756.92 1296159457.61 Sub-total of cash inflows from operating activities 82792850017.19 71882151723.73 Cash payments for goods purchased and services received 43989344135.13 43319394936.84 Cash paid to and on behalf of employees 15020772578.45 15514458996.41 Payments of various types of taxes 4871467136.41 4712595300.53 Other cash payments relating to operating activities 5214237658.15 5731977415.15 Sub-total of cash outflows from operating activities 69095821508.14 69278426648.93 Net Cash Flows from Operating Activities 13697028509.05 2603725074.80Hikvision 2025 Q3 Report Item 2025 Q1~Q3 2024 Q1~Q3 II. Cash Flows from Investing Activities: Cash receipts from recovery of investments 3485922506.33 1942144541.12 Cash receipts from investment income 94952951.57 67033430.58 Net cash receipts from disposals of fixed assets intangible 116817690.295366246.45 assets and other long-term assets Other cash receipts relating to investing activities 83324543.71 43213496.63 Sub-total of cash inflows from investing activities 3781017691.90 2057757714.78 Cash payments to acquire or construct fixed assets 3084953932.553387563388.43 intangible assets and other long-term assets Cash paid to acquire investments 3526776934.84 1985960403.43 Sub-total of cash outflows from investing activities 6611730867.39 5373523791.86 Net Cash Flows from Investing Activities (2830713175.49) (3315766077.08) III. Cash Flows from Financing Activities: Cash receipts from borrowings 2958594145.25 5701717778.30 Other cash receipts relating to financing activities - 2007056.47 Sub-total of cash inflows from financing activities 2958594145.25 5703724834.77 Cash repayments of borrowings 3214101612.10 14450997152.86 Cash payments for distribution of dividends or profits or 8446049990.608892175431.16 settlement of interest expenses Other cash payments relating to financing activities 1891269646.27 2953233662.83 Sub-total of cash outflows from financing activities 13551421248.97 26296406246.85 Net Cash Flows from Financing Activities (10592827103.72) (20592681412.08) IV. Effect of Foreign Exchange Rate Changes on Cash and 47525893.69(43647573.77) Cash Equivalents V. Net Increase in Cash and Cash Equivalents 321014123.53 (21348369988.13) Add: Opening balance of Cash and Cash Equivalents 36053042380.29 49427967355.78 VI. Closing Balance of Cash and Cash Equivalents 36374056503.82 28079597367.65 Legal Representative: Hu Yangzhong Person in Charge of the Accounting work: Jin Yan Person in Charge of Accounting Institution: Zhan Junhua 2. Adjustments to financial report at the beginning of the year relating to the initial adoption of the new accounting standards or interpretation of standards since 2025.□Applicable √Inapplicable 3. Audit Report Whether audit has been performed on the 2025 3rd quarter financial reportHikvision 2025 Q3 Report □ Yes √ No The Company’s 2025 3rd quarter financial report has not been audited.HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO. LTD.Board of Directors October 18 2025 Note: This document is a translated version of the Chinese version 2025 3rd Quarter Report (“2025 年第三季度报告”) and the published announcements in the Chinese version shall prevail. The complete published Chinese 2025 3rd Quarter Report may be obtained at www.cninfo.com.cn.