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25 October 2019 By Jeffrey Goldfarb Follow @jgfarb

Before Hikvision was banned from buying U.S. components as punishment for links to human rights abuses, it boosted inventory and R&D spending. There are also signs the $42 bln equipment maker is taking ESG concerns seriously. The proactive moves should help it mitigate big risks.

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Hangzhou Hikvision Digital Technology on Oct. 19 reported a 17% increase in adjusted third-quarter net profit to 3.8 billion yuan ($538 million) from a year earlier and said it might lose business after U.S. officials put it on a trade blacklist earlier in the month.

“Some customers may take a ‘wait and see’ approach, wanting to know what would happen to Chinese companies with the sanctions and resume business when it gets clearer,” Hikvision Senior Vice-President Huang Fanghong said, according to the South China Morning Post.

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