Core Viewpoint - The conference emphasized the strategic importance of integrating artificial intelligence with the security industry, highlighting opportunities for innovation and development in the sector [2][9][49]. Group 1: Conference Overview - The "2025 China Security 'Artificial Intelligence+' Action Conference" was held on September 26 in Beijing, focusing on policy direction, industry transformation, technological innovation, and future trends [2]. - The event gathered over 400 participants, including government officials, industry leaders, and representatives from top security companies, to discuss the future of AI in security [4][49]. Group 2: Key Speeches and Insights - Liu Lihua, former Vice Minister of Industry and Information Technology, stated that AI is a core engine for high-quality economic development and emphasized the importance of the government's policy for the security industry's transformation [8][9]. - Li Dewen from the China Academy of Information and Communications Technology highlighted the need for the security industry to embrace AI to enhance public safety [11]. - Gu Jianguo, Chairman of the China Security and Prevention Products Industry Association, noted significant achievements in the security industry but also stressed the importance of addressing challenges such as data security and AI safety [13]. Group 3: Action Initiatives - The conference introduced the "2025 China Security 'Artificial Intelligence+' Action Initiative," which outlines five key action directions: promoting self-reliance, application-oriented development, accelerating digital transformation, enhancing industry collaboration, and strengthening risk management [16]. - The initiative aims to unify industry consensus and foster collaboration to accelerate the implementation of AI in security [16]. Group 4: Technological Innovations - Various speakers discussed the transformative potential of large models in the security industry, emphasizing their role in moving from a perception era to a cognition era [21]. - The application of multi-modal large models in public safety scenarios was highlighted as a significant advancement, providing strong momentum for the industry [22]. - The importance of AI-driven solutions in enhancing operational efficiency and compliance in public safety was underscored by multiple speakers [25][32]. Group 5: Industry Trends and Future Directions - The conference addressed the ongoing digital transformation and intelligent enhancement within the security industry, marking a critical period for new opportunities driven by AI [49]. - The establishment of new growth areas and the integration of AI with various sectors were discussed as essential for the future of the security industry [41][44].

Core Viewpoint - The 2025 China Security "Artificial Intelligence +" Action Conference aims to promote the integration of artificial intelligence with the security industry, focusing on innovation, policy direction, and technological advancements to enhance national security capabilities [1][2]. Conference Overview - The conference will be held on September 26, 2025, in Beijing, with a main forum for 300 participants and a sub-forum for 150 participants [1]. - The theme is "Digital Intelligence World, All-Domain Security," emphasizing the innovative development of "Artificial Intelligence + Security" [1]. Main Forum Content - The main forum will focus on the innovative application of AI large models in public safety, exploring key areas such as computing power algorithms, data supply, AI chips, and the systemic reconstruction of the security industry [2]. Sub-Forum Topics - The first sub-forum will address low-altitude safety and its applications in various sectors, including public safety and civil aviation [3]. - The second sub-forum will discuss the innovative applications of intelligent robots in public safety, exploring challenges and opportunities in the integration of AI and robotics [4]. Invited Speakers - The conference will feature representatives from government departments, research institutions, leading enterprises in the AI and security sectors, and typical user units from various industries [5][9]. Product Technology Showcase - The event will showcase the latest technologies and products in AI and security, including core algorithms, AI large models, and innovations in public safety applications [6]. Release Activities - Key initiatives to be launched include the "Artificial Intelligence + Security Action Initiative," public safety large model applications, and the 2026 China International Public Safety Products Expo [7]. Target Audience - The conference aims to gather authoritative figures and industry elites to foster collaboration and innovation in the AI and security sectors [8]. Registration and Business Cooperation - Interested parties are encouraged to register for the conference, with various sponsorship and exhibition opportunities available for businesses [10][11].

Investment Rating - The report maintains a "Recommended" investment rating for Hikvision (002415.SZ) with a current stock price of 28.37 yuan [1]. Core Views - The company reported a revenue of 92.496 billion yuan for 2024, reflecting a year-over-year growth of 3.53%, while the net profit attributable to shareholders decreased by 15.10% to 11.977 billion yuan [3][6]. - Hikvision's overall gross margin and net margin for 2024 were 43.83% and 14.21%, respectively, showing slight declines compared to the previous year [6]. - The report highlights the company's strong focus on technological innovation and the establishment of a flexible and efficient manufacturing system, with a total R&D investment of 47.702 billion yuan over the past five years [7][8]. Summary by Sections Financial Performance - In 2024, Hikvision achieved a revenue of 92.496 billion yuan, with a year-over-year growth of 3.5% projected for 2025 [5][11]. - The net profit for 2024 was reported at 11.977 billion yuan, with a forecasted increase to 13.247 billion yuan in 2025 [5][11]. - The company’s gross margin is expected to stabilize around 43.5% from 2025 to 2027, while the net margin is projected to gradually improve [11]. Business Segments - Domestic business segments showed a decline, with the Public Service Business Group (PBG) revenue at 13.467 billion yuan, down 12.29%, and the Enterprise Business Group (EBG) revenue at 17.651 billion yuan, down 1.09% [6]. - International business revenue increased by 8.39% to 25.989 billion yuan, while innovative business revenue grew by 21.19% to 22.484 billion yuan, accounting for 24.31% of total revenue [6][8]. R&D and Innovation - The company has established multiple R&D centers both domestically and internationally, focusing on a wide range of technologies including AI and IoT [7][8]. - Hikvision's innovative business, particularly in industrial IoT and smart logistics, is positioned to drive future growth, with a comprehensive service capability in AIoT [8]. Market Outlook - The report anticipates continued growth in net profit for 2025-2027, with projections of 13.247 billion yuan, 14.777 billion yuan, and 16.402 billion yuan, respectively [9]. - The company is recognized as a global leader in security monitoring products, with a strong presence in overseas markets and a growing innovative business segment [9].