海康威视拟中期分红36亿 年度分红+回购将超120亿

Core Viewpoint - Hikvision has proposed a mid-term cash dividend of 4.00 yuan per 10 shares for 2025, totaling approximately 3.6 billion yuan, marking the company's first mid-term dividend plan since its listing [1][2] Summary by Sections Dividend and Share Buyback - The total cash dividend for 2024 was 7.00 yuan per 10 shares, amounting to approximately 6.43 billion yuan, which accounted for 53.69% of the annual net profit [1] - Combined with the mid-term dividend, Hikvision's total cash dividends for 2025 will exceed 10 billion yuan [1] - The company initiated a share buyback plan of 2 to 2.5 billion yuan on December 26, 2024, and as of the end of July, it had spent 1.859 billion yuan to repurchase 62.79 million shares [1] Historical Shareholder Returns - Since its IPO in May 2010, Hikvision has distributed a total of 64.836 billion yuan in dividends and repurchased shares worth 3.902 billion yuan, totaling 68.738 billion yuan in cash returns to shareholders [2] - The company has provided a cash return of 20.22 yuan for every 1 yuan raised through financing [2] Financial Performance - In the first half of the year, Hikvision reported a net profit of 5.657 billion yuan, an increase of 11.71% year-on-year, with net cash flow from operating activities at 5.343 billion yuan, representing 94% of the net profit [3] - The total accounts receivable and notes receivable amounted to 37.257 billion yuan, a decrease of 3.376 billion yuan from the end of the previous year [3] Future Outlook - The company anticipates a gradual decline in capital expenditures while maintaining strict control over operating capital [4] - Hikvision aims to continue its commitment to innovation and efficient operations, enhancing its global presence and core competitiveness to provide stable returns to shareholders [4]