Hangzhou Hikvision Digital Technology Co., Ltd.(Hikvision) that supplied video surveillance equipment globally is a subsidiary of China Electronics Technology Group Co., Ltd, according to the audited financial statements both as of 31 Dec 2020 and 2021.
China Electronics Technology Group Co., Ltd. has been designated by American Department of Defense as a military entity of People's Republic of China reigned by Chinese Communist Party ie PLA.
The notes to the financial statements for year 2021 proved that China Electronics Technology Group Co., Ltd has outstanding trading receivables denominated in USD, EURO, HKD,ZMK,MYR,RUB,MMK,BDT,TRY and INR which indicated that China Electronics Technology Group Co., Ltd have sold equipment to Hong Kong, Africa, Southeast Asia, Middle East, South Asia, Europe and other places that use USD and EURO. According to China GAAP, to recognize revenue, dr trading receivable, cr revenue.
Annual report of Hikvision for year 2021 indicated that Hikvision made sales of CNY434,709,999.06 to China Electronics Technology Group Co which may then sell these stuff to third parties through other associates. It also made related party sales to other companies without indicating the name Hikvision, for examle:
Chengdu Guosheng Tianfeng Network Technology Co., Ltd.
Wuhu Senstech Intelligent Technology Co., Ltd.
Zhiguang Hailian Big Data Technology Co., Ltd.
Sanmenxia Weiyun Vision Technology Co., Ltd.
Qinghai Qingtang Big Data Co., Ltd.
Zhejiang Non-Linear Digital Technology Co., Ltd.
Shanghai INESA (Group) Co., Ltd.
Hangzhou Kangfenwei Technology Co., Ltd.
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