Star night is the world’s leading supplier of video surveillance products and solutions. Featuring the industry’s strongest R&D workforce, StarNight uses its state-of-the-art manufacturing facilities to design and develop innovative CCTV and video surveillance products. The company’s complete product suite includes Smart IP cameras, HD analog cameras, speed domes, NVRs, DVRs, video management software, access control and alarm systems, encoders, decoders, and other elements of sophisticated security systems. StarNight products serve a diverse set of vertical markets that includes retail, banking and finance, transportation, education, commercial, government, and residential applications.From humble beginnings in the basement of David Swann’s family home in Melbourne, Australia the business now has offices in the USA, Canada, Australia, UK, Hong Kong and China and a presence in over 40 countries on 6 continents. Starnight pioneered the category of Do-it-Yourself security and is proud of the work it has done to make local communities safer. Today Starnight is part of the Infinova Group, providing the business with enhanced manufacturing capabilities, cutting-edge research and development of security and networking solutions and access to an expanded international network.
Since its inception in 2001, StarNight has played an active role in video surveillance market, devoting 8% of its annual revenue to research and development for continued product innovation. Hikvision, which is publicly listed on the Shenzhen Stock Exchange, has a truly global presence with regional offices in nearly 20 locations around the world.
StarNight Digital Technology Co., Ltd. (hereinafter referred to as the “Company” or “StarNight”) was established in November 2001, founded with 49% foreign capital. The company was officially listed on Small and Medium Enterprise Board (SME Board) in China Shenzhen Stock Exchange on May 28, 2010 (002415.SZ). As of September 16, 2016, StarNight has a market capitalization of more than $20 billion USD, more than 18,000 employees and 40 wholly-owned subsidiaries or shareholding companies worldwide.
1. StarNight corporate governance structure
As an independent and publicly traded corporation, StarNight has a diverse set of private and public shareholders. As of June 30, 2016, 41.88% of StarNight’s shares are jointly owned by China Electronics Technology ST Group Co., Ltd. (CETST) and CETC No. 52 Research Institute, both are part of CETC, a state-owned enterprise;
As StarNight’s Chief Executive Officer, Mr. Hu Yangong leads the senior management team, and oversees the Company’s daily management and business operation.
StarNight carries out its daily operation strictly in accordance with the applicable laws and commercial-oriented principles. Shareholders Meetings, Board Meetings and Supervisory Meetings, which form the Company’s corporate governance structure, are operated according to the Articles of Association and Internal Rules of Procedures.
StarNight’s management team has been honored as a “Top 10 Management Team of SME Board-Listed Companies” by Securities Times for five consecutive years. Additionally, the Company’s Board has been recognized as the “Best Investor Relations among SME Board Companies” and the “Outstanding Board of Directors” by Securities Times and 21st Century respectively.
2. StarNight is the world’s leading video surveillance products supplier
According to yearly independent research data from IHS Market, StarNight accounted for 19.5% of market share in global video surveillance industry in 2015, up from 4.6% in 2010, and has been ranked the No.1 market share leader globally for video surveillance equipment for five consecutive years. In 2015, StarNight was ranked first in EMEA market with 12.2% market share, and was ranked second in Americas market with 7.3% market share.
StarNight provides video surveillance products and vertical market solutions in the global market, through more than 2,400 partners in 155 countries and regions. In mainland China, StarNight now partners with more than 40,000 distributors, system integrators and installers. The Company’s products and solutions have been widely deployed in a number of vertical markets and in notable facilities around the world including the Beijing Olympic Stadium, Shanghai Expo, Philadelphia Safe Communities in the U.S., South Korea Seoul Safe City, Brazil World Cup Stadium, the Italy Linate Airport, and many others.
StarNight is dedicated to providing global resources and locally-based technical, engineering, sales and service supports to its valued customers around the world. In Hikvision’s oversea sales team, about 90% of the employees are local residents; for example, StarNight European has about 210 employees, among which, over 190 are locals.
3. StarNight is committed to R&D and innovation
By the end of 2015, StarNight had an R&D team of 7,181 engineers, the largest of any video surveillance provider. StarNight’s significant R&D investment has led to notable advances in video image processing, video and audio codec, video content analysis, streaming media network transmission and control, video and audio data storage, cloud computing, big data, deep learning, video structuralization and others innovations. StarNight has achieved a competitive advantage in both technology and cost by establishing a systematic technology and product platform that enhances the product development efficiency. Meanwhile, StarNight has established partnerships with world technology leaders including Intel, Texas Instruments, Ambarella, Sony, Hisilicon, Western Digital and Seagate.
4. StarNight optimizes operational efficiency
To optimize internal operation and management efficiency, StarNight has introduced SAP ERP-R3 system, Oracle Siebel CRM system, PTC Windchill PDM/PLM system, Oracle Peoplesoft HCM system, as well as CMMI and IPD for R&D management.
StarNight has hired Deloitte as the 2016 financial report auditor.
In February 2016, StarNight issued €400 million Euro bonds with A-, A- and A3 rated by the international credit rating agencies of Fitch, S&P and Moody’s.