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    002415   CNE100000PM8

HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD.

(002415)
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Hangzhou Hikvision Digital Techgy Co Ltd : Hikvision Announces Partnership with Prysm Software

12/20/2013 | 01:36pm EDT
Hikvision Announces Partnership with Prysm Software Views:7



December 17, 2013    Hikvision and French security software developer Prysm recently announced the integration of all Hikvision products within the Prysm AppVision Physical Security Integration Manager. This combination allows Hikvision's products to be managed directly from the AppVision PSIM video wall and video matrix, for integrated security and building automation projects around the globe.

PSIM (Physical Security Information Management) is able to integrate different systems into a unified formula, such as video surveillance, access control, intrusion, fire and life safety, perimeter protection, or building automation. This also analyzes and assesses data from disparate systems, making intuitive decisions and also communicating with operators to form the proper response. With general awareness of this technology and its capability increasing over the years, PSIM markets now present robust opportunities for worldwide vendors. Hikvision, as a total video surveillance solution provider, also stands to prosper from this booming market due to the inherent necessity of global security needs.

"Our collaboration with Hikvision recognizes the leading market position that Hikvision is now enjoying in many of the markets where the AppVision Community Partners operate. It also demonstrates our commitment to open architecture. This tie-up means that our Community Partners are now better positioned to offer competitive, robust, and scalable integrated security solutions for the benefit of the industry," stated Liam Heatley, Export Sales Manager at Prysm. "We are already seeing many benefits from this integration, as the Hikvision brand has further reinforced AppVision's image as the best value for PSIM solution, which also makes AppVision the market leader in many regions of the globe."

Keen Yao, International Marketing Director at Hikvision, further commented, "AppVision PSIM brings many key advantages towards a security project. We are excited to see that these integrated technologies are already successfully deployed on many joint projects, and we look forward to working with Prysm Software on a number of combined projects in the near future.

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Analyst Recommendations on HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD.
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Financials
Sales 2021 79 792 M 12 499 M 12 499 M
Net income 2021 16 589 M 2 599 M 2 599 M
Net cash 2021 28 091 M 4 400 M 4 400 M
P/E ratio 2021 31,8x
Yield 2021 1,55%
Capitalization 518 B 81 065 M 81 075 M
EV / Sales 2021 6,13x
EV / Sales 2022 5,04x
Nbr of Employees 42 685
Free-Float 38,6%
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Mean consensus BUY
Number of Analysts 21
Last Close Price 55,44 CNY
Average target price 69,00 CNY
Spread / Average Target 24,5%
EPS Revisions
Managers and Directors
Yang Zhong Hu General Manager & Executive Director
Yan Jin Chief Financial Officer & Deputy General Manager
Zong Nian Chen Chairman
Hui Fang Cheng Chairman-Supervisory Board
Zhi Dong Wang Independent Director
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