Ac t i o n | 19 Oct 2025 18:02:06 ET │ 14 pages Hangzhou Hikvision Digital Technology (002415.SZ) 3Q25 Investor Call Takeaways: Emerging Fruit of Destocking CITI'S TAKE Hikvision posted 3Q25 results and we attended the 3Q25 investor call. 3Q25 revenue rose 1% YoY to Rmb23.9bn, 4%/8% below CitiE/BBGe, while 3Q25 margin rose 1.3ppts YoY to 44.8%, 0.7ppts ahead of CitiE. 3Q25 op. profit rose 8% YoY to Rmb3.7bn, largely in line. 3Q25 net profit rose 20% YoY to Rmb3.7bn, 9%/3% ahead of CitiE/BBGe, helped by non- ...

Group 1: Company Overview - Cemtrex Inc. is a diversified technology company operating in the Security and Industrial sectors, focusing on innovation and strategic growth [4] - The Security segment, led by Vicon Industries, provides advanced video management software and integrated surveillance solutions [4] - The Industrial segment, through Advanced Industrial Services (AIS), delivers expert services to manufacturers nationwide [4] Group 2: Recent Contract Awards - Cemtrex announced new contract awards totaling approximately $1.3 million, reflecting its position in markets tied to national priorities [1] - AIS secured a $466,000 project for HVAC modernization at Wrightsville Elementary School, scheduled for completion in Q1 2026 [2] - Vicon received a $327,000 order for Roughneck® cameras and servers for a border security project and a $544,000 order for a prison facility in Tennessee [7] Group 3: Management Commentary and Future Outlook - The CEO of Cemtrex expressed optimism about achieving growth targets of 15-20% for FY26 based on the current project pipeline [3] - The recent contract wins are seen as a momentum builder across both divisions, addressing high-impact markets receiving long-term investment [3]