Its name does not necessarily have large-thing to the general public in western countries. However, Hikvision is a global leader in the video surveillance market. According to several american media, it would be the next company after Huawei, referred to by the decree of Donald Trump, which prohibits the transfer of technologies, hardware and software groups in the united states to foreign groups, so-called “sensitive”.
Hikvision manufactures surveillance cameras and audio equipment designed to equip governments, businesses and individuals for security and surveillance. Among its products, classic cameras, thermal imaging or intelligent that even allow to distinguish between faces in dark places, as well as terminals of facial recognition for surveillance of buildings, counting of objects or detecting intrusion.
The company is also developing in the smart home (under the brand Ezviz), in the automotive electronics and intelligent storage for the industry. Its technologies are used in cities in China but also in Buenos Aires and Belo Horizonte, Brazil, and London for the city surveillance. Its technologies are also found in sectors as diverse as retail trade, banking, finance, health, transport, gambling, education, the protection of sporting events or commercial and of course, in the public sector, used by government agencies. According to IHS Markit, he holds more than 21% market share on the networks of surveillance cameras (CCTV) in the whole world.
u.s. pension Funds
In a letter sent by 40 members of parliament and senators american advisors Donald Trump a few months ago, Hikvision was mentioned as having brought the technology to the chinese authorities in the Xinjiang region, to suppress the minority Uighur Turkish. They were protesting against the actions “may amount to crimes against humanity” and demanded more stringent controls to ensure that us companies were not involved indirectly. Several elected officials were also concerned about the presence of pension funds of americans in the capital of the chinese group. “If the pension systems of teachers in California knew that they held Hikvision, who built the security systems that incarcèrent the Uighurs of Xinjiang, behind barbed wire and walls, I don’t think they would be fun,” was Roger Robinson, a former adviser to president Reagan.
If Hikvision is listed on the black list us, this means that suppliers will have to obtain an authorization from the administration Trump to be able to continue to trade with him. They might also have to break their commercial relations, as wants to do it Google with Huawei, under penalty of getting fined by the us authorities.
According to an official of the chinese company, Hikvision, which has a regional office in the United States, has not been informed of the possible measures of restriction. According to the “New York Times”, most of its suppliers are in China, but several are in the United States. “Even if the Americans stop we sell components, you can remedy this by appeal to other suppliers,” adds this person.
In 2018, the chinese company has posted an operating profit of $ 7.2 billion (49.8 billion RMB), up 19% year on year. It has achieved a net profit of 1.6 miliard ($11,35 billion RMB), growth of 20.6%. Created in 2001, the company has 16.000 engineers in R&D, which accounts for almost half of its 34,000 employees. The company says it spend 8% of its annual revenue to its R&D.
The information on the threat of the united states, have reduced the share price by 6% this morning to the stock Exchange Schenzhen, which has touched its lowest level in eight months.
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