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Hikvision releases 2024 full-year and 2025 first-quarter financial results

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HANGZHOU, China, April 27, 2025 /CNW/ — Hikvision has announced its full-year financial results for 2024 and first-quarter results for 2025. In 2024, the company reported total revenue of RMB 92.496 billion, marking a 3.53% year‑over‑year (YoY) growth. In the first quarter of 2025, the company reported revenue of RMB 18.532 billion, up 4.01% YoY. Net profit attributable to shareholders reached RMB 2.039 billion, reflecting a 6.41% YoY increase.

Over the past two decades, Hikvision has established itself as a global security leader, developing a robust AIoT ecosystem encompassing over 30,000 products. Today, the company remains committed to steady and solid progress, navigating uncertainties with a positive and prudent approach. It maintained its leading position in the domestic security market while seeking growth from overseas markets and innovative businesses. With profitability as a central focus, the company is driving organizational transformation and refining management practices to support long-term, sustainable growth. Notably, Hikvision is at the forefront of leveraging breakthroughs in large-scale AI model technologies to accelerate scenario-based digitalization across diverse industries.

Throughout the past year, the company strengthened its overseas presence, with main business revenue from international markets rising to RMB 25.989 billion, accounting for 28.10% of total revenue and reflecting an 8.39% YoY growth. Hikvision’s overseas revenue spans over 180 countries and regions, with developing markets contributing more than 70% of that total. The steady increase of overseas business revenue has emerged as an important driver of the company’s overall profit growth. Meanwhile, Hikvision’s innovation businesses continued to grow rapidly, with revenue reaching RMB 22.484 billion.

In 2024, Hikvision continued to prioritize research and development, investing RMB 11.864 billion in R&D, accounting for 12.83% of its total revenue. Over the years, the company has built a multi-level R&D system with the headquarters’ R&D capabilities at the core, radiating to key regions both domestically and internationally.

In its latest developments, Hikvision is actively advancing AIoT technologies, with its Guanlan Large-Scale AI Models integrating vision, language, and multimodal capabilities, among others. These innovations have significantly enhanced both perception and cognition abilities of Hikvision’s products and solutions. For instance, in perimeter protection, the large vision model can achieve a 90% reduction in false alarms.

Looking ahead, Hikvision is committed to a strategy of high-quality growth, with a stronger focus on driving innovation, enhancing efficiency and ensuring long-term sustainability.

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SOURCE Hikvision Digital Technology

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Tesco’s Clubcard Challenges, Powered by Eagle Eye, Wins “Best Global Loyalty Launch or Initiative” at the 2025 International Loyalty Awards

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LONDON, May 28, 2025 /CNW/ — Tesco’s Clubcard Challenges, powered by Eagle Eye’s Personalised Challenges solution, has been named the Best Global Loyalty Launch or Initiative at the 2025 International Loyalty Awards.

The award celebrates standout new loyalty initiatives launched in the past 12 months, from around the world, that combine innovation, creativity, and measurable impact – criteria that Clubcard Challenges met and exceeded amid tough competition.

Launched in May 2024, the Clubcard Challenges initiative invited Tesco Clubcard members to complete personalised challenges over a six-week period to unlock up to £50 in points. The challenge thresholds, created by Eagle Eye’s AI-driven personalisation engine, were tailored to each participant to maximise engagement. Tesco ran four campaigns, with the latest campaign being targeted to 10 million customers across the UK.

“This award is testament to the teams at both Tesco and Eagle Eye,” said Tim Mason, CEO, Eagle Eye. “It’s a clear demonstration of how smart technology, paired with a bold retailer vision, can transform loyalty from a transactional experience into something truly engaging – and commercially powerful. Personalisation is the key.”

Clubcard Challenges was met with strong customer engagement and enthusiasm. As the judges noted, “Clubcard Challenges stands out by transforming routine purchases into a fun, engaging experience where customers earn Clubcard points through gamified missions and digital progress tracking. Tesco has achieved remarkable results by leveraging advanced AI personalisation and data-driven insights.”

As evidenced by its success powering the Clubcard Challenges initiative, Eagle Eye’s Personalised Challenges solution has proved itself as an effective next-generation marketing and engagement tool for the grocery sector. While the International Loyalty Awards assessed only the proscribed implementation period of Clubcard Challenges, Eagle Eye remains Tesco’s trusted technology partner, and similar initiatives are likely to manifest in the near future.

“We’re proud of our ongoing relationship with Tesco and of this joint award in particular,” added Mason. “We look forward to building on this success in the months ahead.”

See the Tesco Clubcard Challenges case study here.

Media Contact: Vanessa Horwell at vhorwell@thinkinkpr.com

About Eagle Eye 

Eagle Eye is a leading SaaS and AI technology company that enables retail, travel, and hospitality brands to earn the loyalty of their end customers by powering their real-time, omnichannel, and personalized consumer marketing activities at scale.

Eagle Eye AIR is a cloud-based platform that provides the most flexible and scalable loyalty and promotions capability in the world. More than 1 billion personalized offers are executed through the platform every week, and it currently hosts over 500 million loyalty member wallets for businesses worldwide. Eagle Eye is a certified member of the MACH Alliance and is trusted to deliver a secure service at hundreds of thousands of physical point-of-sale (POS) locations worldwide, enabling the real-time issuance and redemption of promotional coupons, loyalty offers, gift cards, subscription benefits, and more.

The Eagle Eye AIR platform is currently powering loyalty and customer engagement solutions for enterprise businesses worldwide, including Loblaws, Southeastern Grocers, Giant Eagle, Rite Aid, Tesco, Asda, Morrisons, Waitrose, John Lewis & Partners, JD Sports, Pret a Manger and the Woolworths Group. In January 2024, Eagle Eye launched EagleAI, a next-generation data science solution for personalization, which is already being used by leading retailers worldwide, including Tesco, Pattison Food Group, Carrefour and Auchan. Visit www.eagleeye.com to learn more.

 

View original content:https://www.prnewswire.com/news-releases/tescos-clubcard-challenges-powered-by-eagle-eye-wins-best-global-loyalty-launch-or-initiative-at-the-2025-international-loyalty-awards-302466743.html

SOURCE Eagle Eye

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NX China Acquires GDP Certification for Shanghai and Lianyungang Facilities

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– Establishing High-quality Pharmaceutical Logistics Service Systems –

TOKYO, May 28, 2025 /PRNewswire/ — Nippon Express (China) Co., Ltd. (hereafter “NX China”), a group company of NIPPON EXPRESS HOLDINGS, INC., has received Good Distribution Practice (GDP) certification for air and ocean freight forwarding of pharmaceutical products at facilities in Shanghai and Lianyungang, Jiangsu Province, effective Friday, February 21, 2025.

Logo: https://drive.google.com/file/d/1dqm0cxpYamnvMUra1AGXMuGlX932Z353/view?usp=drive_link 

Photo: https://drive.google.com/file/d/1nDWZ-Rpzg7OG2q2CuypRZOqX3gu6XQDR/view?usp=drive_link 

China’s pharmaceutical market is second only to the U.S.’s in scale, and it is expected to see further growth due to an aging population and rising per capita income. To serve this rapidly expanding pharmaceutical market by providing high-quality and uniform pharmaceutical logistics services that accord with quality standards, NX China opened a Healthcare Branch in Shanghai in 2022. Two of that branch’s business locations recently obtained GDP certification to provide high-quality pharmaceutical logistics services to more customers.

The facility in Lianyungang, a city hosting one of China’s largest concentrations of pharmaceutical companies, enjoys a special geographical advantage in being able to ship ocean freight directly from a local port. Acquiring GDP certification enables NX China to offer its customers air and ocean freight forwarding services that meet the strictest security standards for pharmaceutical shipments. The two facilities’ locational advantages and the establishment of quality assurance systems in the process of acquiring GDP certification bolster the NX Group’s competitiveness in pharmaceutical supply chains across China and worldwide, enabling the Group to provide safer and more efficient pharmaceutical transport to its customers.

The NX Group currently operates a total of 37 GDP-certified locations in 24 countries/regions and is working to further extend its GDP network. The Group will continue stepping up its efforts in the healthcare industry, positioned as a priority industry in its management plan, and expanding and developing services globally to meet ever-more sophisticated and diverse pharmaceutical logistics needs.

Related release

– Nippon Express (China) opens new healthcare branch in Shanghai

https://www.nipponexpress-holdings.com/en/press/2022/25-Jul-22-2.html 

About the NX Group: https://drive.google.com/file/d/1g1Rtb9Mie5yhenpOr8A007kKolh1gBJ6/view?usp=drive_link 

NX Group official website: https://www.nipponexpress.com/ 

NX Group’s official LinkedIn account: https://www.linkedin.com/company/nippon-express-group/ 

Source: NIPPON EXPRESS HOLDINGS, INC.

View original content:https://www.prnewswire.com/apac/news-releases/nx-china-acquires-gdp-certification-for-shanghai-and-lianyungang-facilities-302466643.html

SOURCE NIPPON EXPRESS HOLDINGS, INC.

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Basware: CFOs and CIOs clash as SAP migration deadline looms

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ERP migrations exposing companies to compliance breaches amid $100bn transformation wave 

CHARLOTTE, N.C., May 28, 2025 /PRNewswire/ — CFOs and CIOs are fighting over finances and key resource allocation amid tariffs and the looming SAP S/4HANA migration deadline fast-approaching in 2027, analysis reveals from Basware. 

With over 22,000 companies worldwide impacted by the upcoming migration, the urgency to act before the deadline grows each day.  

Tighter budgets causing migration uncertainty 

According to data, approximately 61% of SAP customers using older Enterprise Resource Planning (ERP) systems have not yet licensed S/4HANA. As the latest version of SAP’s business management software, S/4HANA represents a significant transformation – one that many enterprises still need to undertake as the 2027 migration deadline approaches.  

Failure to migrate by the cut off will result in the loss of official SAP support, and reduced access to future product innovations – both of which can lead to increased operational costs and technical risk for businesses.  

The SAP S/4HANA migration market represents a $100bn opportunity, as enterprises look to modernize their systems, streamline operations and enhance compliance. Amid ongoing global economic uncertainty, enterprises are under pressure to scrutinize every dollar of spend, from finance operations to new AI investments, causing a rift between CFOs and CIOs who are battling to align on spending priorities. 

“For some, SAP S/4HANA is just a technology migration. But forward-thinking enterprises are taking the opportunity to drive real, wide-scale transformation, focusing on ROI, simplifying their ERP landscape and establishing a clean digital core” said Mark McCarthy, CRO of Basware. “As the great SAP migration continues, the real opportunity is making the investment count – and that means aligning finance and IT around outcomes that matter.” 

ERP migrations costing hundreds of millions over several years 

ERP systems such as Oracle NetSuite, Microsoft Dynamics 365 and SAP S/4HANA Cloud are used to manage the entire IT process of businesses by tracking all aspects of production, distribution, financials, HR and back office.

ERP upgrades can cost large enterprises upwards of $100 million, rising to $500 million depending on the complexity and size of the organization. These projects typically span multiple years, involving significant resources for software, implementation, training and ongoing support.

For CFOs, this creates financial holes due to uncertain ROI, business disruption risks from potential downtime, and hefty implementation fees for the technology. Add to that skills gaps for SAP talent, the cost of training, and the lack of financial transparency during migration, it’s more important than ever for CFOs to gain complete control over functions such as invoicing, especially when integrating platforms into ERP environments. 

Meanwhile, CIOs are battling with opposing challenges including outdated systems, poor data quality, which can lead to errors and inefficiencies.  

Where boardroom alignment can be found is in artificial intelligence, with 75% of CFOs advocating for greater investment in AI to automate critical financial processes such as e-invoicing compliance and regulation – which play a pivotal role in the broader SAP S/4HANA migration strategy.  

McCarthy added: “Every month of delay brings greater compliance risk, uncertainty and escalating costs. Forward-thinking enterprises are acting now – extending their ERP strategy with specialist solutions that align to SAP’s clean core principles. Basware is already supporting over 600 enterprises running SAP ERP systems, including over 100 large organizations using Basware alongside SAP S/4HANA. By managing this complexity with Invoice Lifecycle Management platforms, they’re able to achieve full automation, compliance, and visibility in accounts payable.” 

How companies are navigating ERP migrations 

The 2027 migration deadline is a top priority for companies, including healthcare wellness company Empire Portfolio Group, materials manufacturer KION and industrial minerals producer Imerys.  

“We needed a state-of-the-art process to complement our Shared Services Centres rollout and prepare the implementation of SAP S/4HANA,” said Christophe Boden, VP of Shared Services and Continuous Improvement at Imerys. “Basware emerged as the ideal solution provider to digitize our AP (accounts payable) operations and drive process efficiencies.”

North American manufacturing giant Mauser has also overhauled its accounts payable operations in light of the upcoming deadline, integrating Basware with its existing SAP ERP system. The ‘plug and play’ approach allowed Mauser to streamline invoice processing without adding complexity – keeping its ERP setup simple while gaining greater automation, visibility and faster approvals. As a result, approval time for non-PO invoices from 3.6 days to 1.6 days. 

By integrating Invoice Lifecycle Management solutions into its ERP system, Mauser has significantly reduced manual touchpoints, cutting the time spent on matching purchase orders and invoices by 90% and reducing overall manual matching by 71%.  

To help enterprises navigate ERP migrations, Deloitte and Basware recently expanded their partnership with a new, practice-based Center of Excellence, in response to increasing demand driven by SAP S/4HANA migrations. Combining Deloitte’s deep finance and compliance expertise with Basware’s platform, the collaboration is designed to accelerate digital finance transformation and ensure ERP migration projects are complete before the 2027 deadline hits. 

About Basware   

Basware is how the world’s best finance teams gain complete control of every invoice, every time. Our Intelligent Invoice Lifecycle Management platform ensures end-to-end efficiency, compliance and control for all invoice transactions. Powered by the world’s most sophisticated invoice-centric AI – trained on over 2 billion invoices – Basware’s Intelligent Automation drives real ROI by transforming finance operations. We serve 6,500+ customers globally and are trusted by industry leaders including DHL, Heineken and Sony. Fueled by 40 years of specialized expertise with $10 trillion in total spend handled, we are pioneering the next era of finance. With Basware, Now it all just happens.™  

Glossary of Terms 

SAP S/4HANA – an enterprise resource planning (ERP) system from SAP unifying business operations in real-time using AI and machine learning. It acts as a single business suite bringing together core functions including finance, sales, procurement, marketing, HR and more. ERP – business management software that integrates and automates core business processes in a single system. ERP Migrations – the process of moving to a new ERP system, transferring data, business processes, configurations and integrations. Manual Touchpoints (in the release context) – managing invoice processing on the edge with Basware, rather than customizing the SAP core.SAP ‘Clean Core’ – an approach that encourages enterprises to avoid over-customization of the ERP system, keeping the core standardized for easier upgrades, stability and innovation adoption. 

Photo: https://mma.prnewswire.com/media/2696514/Basware_SAP.jpg

 

View original content:https://www.prnewswire.co.uk/news-releases/basware-cfos-and-cios-clash-as-sap-migration-deadline-looms-302465964.html

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