Study on the Financial Distress Facing the Development of Hikvision under Digital Transformation

Abstract

For enterprises, digital transformation is not something that can be achieved overnight, but a long-term and continuous process. In recent years, Hikvision has made significant breakthroughs in various business scenarios within the company and with its partners, using a variety of digital technologies to continuously improve the way the company operates or its business processes. However, with the gradual saturation of the traditional security business and competition from other competitors, Hikvision's development still faces some financial difficulties. Based on this, the paper launched a special study to analyse the specific financial problems constraining its development, and from three aspects of the targeted response strategy to help the company's future development.