The smart home industry in China saw steady revenue growth in recent years.
Ezviz Network (Chinese: 萤石网络, SH: 688475) will be listed on the Science and Technology Board of the Shanghai Stock Exchange on 28 December 2022, with an issue price of CNY 28.77 (USD 4.13) per share and an issue price-earning ratio of 40.80.
Ezviz, one of the leading brands of high-quality smart-home in China, is a holding subsidiary of Hikvision. Ezviz uses smart hardware, Internet cloud services, artificial intelligence (AI) and robotics to create an intelligent working, living and learning environment for users. The products include smart door sight, intelligent doorbells, sweeping robots, and children's visual watches.
In terms of performance, from 2019 to 2021, Ezviz's primary business revenue is CNY 2.35 billion, CNY 3.07 billion and CNY 4.20 billion, respectively; net profit is CNY 211.1 million, CNY 326.2 million and CNY 450.7 million, respectively, with relatively stable performance growth.
However, in 2022, Ezviz's performance fluctuated significantly. The company's revenue in the first three quarters of 2022 was CNY 3.14 billion, up 1.92% year-on-year; net profit attributable to owners of the parent company was CNY 219 million, down 27.97% compared with the same period of the previous year.
At the same time, the company expects to achieve a revenue range of CNY 4.03 billion to CNY 4.66 billion in 2022; net profit attributable to shareholders of the parent company ranges from CNY 270 million to CNY 370 million.