trending Market Intelligence /marketintelligence/en/news-insights/trending/UNI6W6i_YvEPYxGUy_js7A2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Hikvision reports increase in Q3 profits, warns loss of overseas clients

Iron Ore CBS June 2020 — Iron Ore Prices Hit 10-Month High

Meeting the Revised OECD Transfer Pricing Guidance on Financial Transactions: A Spotlight on Issue Risk Assessment

[Interactive Chart] Understanding the Shift in Trade Credit for Small-Medium Enterprises (SMEs)

Mining Insights Newsletter June 2020

Hikvision reports increase in Q3 profits, warns loss of overseas clients

China's surveillance camera provider Hangzhou Hikvision Digital Technology Co. Ltd. reported a total operating income of 15.92 billion yuan in the third quarter, up from 12.93 billion yuan in the year-ago period, according to an Oct. 18 earnings release.

Hikvision's net profit attributable to owners of the parent company was 3.81 billion yuan in the third quarter, or 40 fen per share, compared to 3.25 billion yuan in the same period of 2018, or 35 fen per share. The S&P Global Market Intelligence earnings per share consensus for the third quarter was 40 fen on a GAAP basis.

On an Oct. 18 earnings call, Hikvision said the company may lose some overseas customers due to the U.S. entity list, which came into effect earlier this month, Bloomberg News reported.

The U.S. Department of Commerce made 28 additions to its entity list Oct. 7, which took effect Oct. 9. Hikvision and seven other Chinese companies are "enabling activities contrary to the foreign policy interests of the U.S.," the department claimed. The companies have been "implicated" in human rights violations taking place under China's high-technology surveillance of Uighurs, Kazakhs and other Muslim minority groups.

On the call, Hikvision executives said the company is large enough to withstand U.S. sanctions and develop its own technology in the longer term. Huang Fanghong, a senior vice president at the company, said China remains a rich source of revenue even though the U.S. business is shrinking, according to the Bloomberg News report.

The camera provider said earlier that its revenue will be impacted by the ban in the short term but its profits would be unchanged.

As of Oct. 18, US$1 was equivalent to 7.08 Chinese yuan.