Hikvision: Maintains a relatively optimistic attitude towards the future development of business in the Middle East.

On April 18, Hikvision stated at the performance briefing that in the first quarter of 2026, the growth of emerging markets in overseas markets is significantly faster than that of developed countries. Specifically, apart from Europe, where growth is relatively slow due to factors such as rising oil prices, the growth rates in the Americas, the Middle East and Africa, and the Asia-Pacific region are strong. The biggest variable in the annual outlook is in the Middle East. The company has increased inventory in advance due to the increase in geopolitical risks in the Middle East, and the first quarter has proven that this decision was wise. Currently, logistics in the Middle East are gradually recovering, with logistics companies starting to receive more orders, but freight rates remain high. In light of the recent sharp drop in oil prices, the volatility in the Middle East may be a short-term phenomenon. The company believes that "destruction leads to construction", and after the conflict, the security needs of more countries may continue to increase, so they hold a relatively optimistic attitude towards the future development of business in the Middle East. The company will prudently respond to risks and adhere to the principle of "one country, one strategy".