Hikvision: Benefit from the continued development of the industry

Hikvision rose 5.45% to close at today's close. The exchange rate for the whole day was 1.19%. The company is the leading domestic security video surveillance company, DVR, board is the core product, front-end equipment has grown rapidly in recent years. Since its inception, the company has been committed to the development of professional security in the field of video surveillance. In 2007, the company's security video surveillance products domestic market share reached 8.17%, ranking first in the industry. Today's investment "online analyst" shows: the company's 2011-2013 consolidated earnings per share forecast was 1.49,2.08,2.88 yuan; corresponding dynamic price-earnings ratio was 26,19,13 times; currently a total of 13 analyst tracking, 6 Give "Strong Buy" rating, 7 gives "Buy" rating; comprehensive rating coefficient of 1.54.

Security equipment is an important tool for ensuring social stability In recent years, while the economy has grown steadily, the government attaches great importance to social stability. During the 12th Five-Year Plan, the government will continue to increase security equipment and personnel input. At present, the overall market size of China's security industry is approximately 250 billion yuan, and it is expected that by the end of 2015, the industry scale will reach 500 billion yuan. Zheshang Securities said that as the first leading domestic electronic security equipment, the company will continue to benefit.

The company has nearly 2,000 R&D teams and maintains a long-term and stable cooperation and development relationship with Texas Instruments. R&D technology leads the industry. This year, the Netra platform jointly developed by the company and Texas Instruments adopts innovative technology, which reduces manufacturing costs and significantly improves product cost performance in the event of significant increase in chip performance. This meets the market's demand for high chip integration and high-definition equipment, and becomes an industry leader. New benchmark.

The number of front-end acquisition equipment cameras is large and the market size is larger than the back-end equipment. The front-end equipment is upgraded from analog to digital, networked, and high-definition. In the future, the front-end equipment market will grow faster than the back-end equipment, and the growth space is even broader. The company's front-end equipment image processing technology is the world's leading, front-end digital, high-definition acquisition equipment product line has become more comprehensive, lower prices, cost-effective than foreign brands, substitution of imports to achieve rapid growth.

The company focuses on direct sales and is aimed at high-end industry users. It closely and deeply digs the needs of users in high-end industries, and has strong control over the needs of high-end users. The company's transition from equipment sales to solutions and project total package will not only drive the overall sales of front-end, back-end, storage, and display products, but will also increase profitability. The company obtained a RMB 7.7 billion (BT model) contract for the construction of social public video information management system in Chongqing. On the one hand, it greatly stimulated the overall sales of the company's front-rear, back-end and accessory products. On the other hand, the general contracting model will become a model for the development of national reproduction. Guohai Securities expects to contribute RMB 10,18, and RMB 1.8 billion in revenue in 2011-2013, respectively, and earnings per share will increase by RMB 0.3, 0.54, and 0.54 respectively.