Hikvision: The full-year operations still face many uncertainties, the company will handle them cautiously.

Hikvision stated at the performance briefing that the performance in the first quarter was strong, with a 36.42% increase in net profit attributable to the mother achieved despite unfavorable conditions such as the exchange loss turning into a loss, resulting in a negative impact of around 525 million yuan. As for the full year outlook, due to significant uncertainties such as the Middle East situation, oil prices, and storage prices, the company has given a relatively cautious performance guidance: it is expected that annual revenue will achieve high single-digit growth, while net profit attributable to the mother will achieve double-digit growth, with a wide guidance range due to the turbulent external environment. Specifically, the core growth points include: firstly, this year will be a big year for innovative businesses such as Hikvision storage, Hikvision micro-imaging, and Hikvision robots, with significant growth in revenue and net profit; secondly, both domestic and international businesses are doing well, and if the impact of exchange loss is excluded, the performance of net profit indicators will be more prominent, mainly due to improved management and increased gross profit margins. However, there are still many uncertainties in the full-year operation, and the company will handle them cautiously.