Monday, August 22, 2016

Hikvision Secures $6b Credit Lines

China-based surveillance camera maker Hikvision secures a credit facility of RMB ¥20b (more than USD $3b) with Export-Import Bank of China. In November 2015, Hikvision secured another USD $3b line of credit with China Development Bank.

So large credit lines from China state-owned banks reportedly raise some concerns in the industry that Hikvision gets an unfair advantage over its competitors.

The company's 2015 revenues were USD $3.88b, representing a YoY growth rate of 47%. Hikvision also has liquid funds available in the amount of RMB ¥11.8b (more than USD $1.78b). Hikvision is the world’s largest provider of video surveillance products and solutions for the fifth consecutive year, and the No. 1 global provider of IP cameras, according to IHS Research.

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