海康威视：2026年半年度报告（英文版）

2026Half YearReport January to June2026 July25,2026 Section I Important Notes, Contents and Definitions Theboard ofdirectors, directors, and senior management of Hangzhou Hikvision DigitalTechnology Co., Ltd. (hereinafter referred toas"the Company") hereby guarantee that theinformation presented in this report shall be together be wholly liable for the truthfulness, accuracyand completeness of its contents and free of any false records, misleading statements or materialomissions, and will undertake individual and joint legal liabilities. HuYangzhong, the Company's legal representative, Jin Yan, the person in charge of theaccounting work, and Zhan Junhua, the person in charge of accounting department (accountingsupervisor) hereby declare and warrant that the financial statements in thishalf yearreport areauthentic, accurate and complete. All directors of the Company have attended the board meeting to review thishalf yearreport. Proposed semi-annual profit distribution plan or capital reserve conversion plan for additionalshares deliberated by theboard ofdirectors during the reporting period √Applicable□Not applicable Whether to increase share capital by capitalizing capitalreserve □Yes√No The profit distribution plan approved by theCompany through thisboard ofdirectors meeting isas follows: Based on the total number of shares outstanding on the record date for the mid-2026 profitdistribution, theCompany will distribute a cash dividendofRMB5.50(tax included) for every 10shares to all shareholders. No bonusshares will be issued, and there will be no capital reserveconversion to increase the share capital. Authorized by theCompany's annual shareholders' meetingheld on May 8, 2026,theCompany's mid-2026 profit distribution plan has been approved by theboard of directors meeting held on July 24, 2026. Please read thehalf yearreport and pay particular attention to the following risk factors: (1)Global economic downturn risks:The growth momentum of major global economies continues to diverge,and macroeconomic uncertainties have intensified due to inflation volatility and monetary policy adjustments,with regional economic imbalances becoming more pronounced. TheCompany relieson its global businesslayout to diversify risks from single markets and flexibly adapts its operating strategies to meet local demand.However, if the global economy enters a prolonged recession, theCompany's overall business will still besignificantlyaffected. (2)Geopolitical risks:Global geopolitical competition continues to intensify,regional conflicts remainunresolved, unilateralism and trade protectionism are on the rise, and compliance barriers and uncertainties forcross-border operations have significantly increased. TheCompanycontinues to optimize its global resourcelayout and strengthen its localized risk management system. However, if the geopolitical situation suddenlydeteriorates, businesses in the relevant countries and regionswill still face adverse impacts. (3)Domestic economic transition risks:The domestic economy is in a critical period of structural transformationand momentum conversion. The demand in some traditional sectors continues to adjust, and the restoration ofmarket expectations still requires time. Changes in the external trade environment also continuously posechallenges to corporate exports. TheCompany empowers the digital transformation of various industries withAIoT technology; however, if the transition process falls short of expectations, market demand fluctuationswill have an adverse impact on theCompany's business operations. (4)Technology upgrading risks:The iteration speed of cutting-edge technologies such as artificial intelligence,internet ofthings, big data, and cloud computing continues to accelerate, and the depthand breadth of theintegration of technologies with real-world scenarios keep achieving new breakthroughs. TheCompany haslong focused on core technology fields and relies on massive commercial practices to rapidly implement anditerate technologies. However, if it fails to accurately grasp the trends of technological evolution, it will facethe risk of declining market competitiveness. (5)Internal management risks:TheCompany's business scale continues to expand, and new products, newbusinesses, and global layout are constantly deepening, leading to continuously increasing complexity inorganizational management and cross-regional and cross-business collaboration. TheCompany continues tooptimize its management system and process framework and emphasizes the construction of core talent pipelines. However, if management capabilities cannot keep pace with the speed of business expansion, it willhave an adverse impact ontheCompany's operational efficiency and the quality of its development. (6)Supply chain risks:The process of regional restructuring of the global supply chain is accelerating, andgeopolitical competitive measures such as technology control and trade restrictions continue