净利润增长14.94%：海康威视发布Q3财报

Core Viewpoint - Hikvision achieved a revenue of 65.758 billion yuan in the first three quarters of 2025, with a year-on-year growth of 1.18%, and a net profit of 9.319 billion yuan, reflecting a year-on-year increase of 14.94%, indicating steady improvement in profitability [1][2]. Financial Performance - The revenue for the third quarter alone was 23.940 billion yuan, showing a year-on-year growth of 0.66% [2]. - The net profit attributable to shareholders for the third quarter was 3.662 billion yuan, representing a significant year-on-year increase of 20.31% [3]. - The net profit after deducting non-recurring gains and losses was 8.971 billion yuan, with a year-on-year growth of 10.06% [2][3]. - Operating cash flow showed significant improvement, with a net cash flow from operating activities of 13.697 billion yuan, a substantial increase of 426.06% year-on-year, primarily due to increased sales collections [2][3]. Research and Development - The company maintained high levels of research and development investment, with R&D expenses amounting to 8.738 billion yuan by the end of the reporting period [2]. Shareholder Returns - The company completed a share buyback and cancellation, with a total buyback amount of approximately 2.028 billion yuan [2]. - A mid-term dividend plan for 2025 was implemented, distributing a cash dividend of 4.00 yuan (including tax) for every 10 shares, totaling approximately 3.666 billion yuan in cash dividends [2].