ZKTECO Grows Steadily in First Three Quarters, Repurchase Program Boosts Confidence

Technology, Financials Author: Yuehan Li Editor: Yiru Qian Oct 30, 2023 09:25 AM (GMT+8)

Continuing to expand new areas of computer vision intelligence services

Digital economy

ZKTECO (301330:SZ), a prominent player in the biometrics and computer vision sectors, has released its Q3 2023 financial report on October 26. The company reported a total revenue of CNY 1.44 billion during the first three quarters, marking a 2.60% increase from the same period last year. The net profit attributable to the parent company amounted to CNY 139 million, presenting a 3.26% year-over-year growth.

In addition to its primary operations in smart access control, intelligent identity verification, and smart office solutions, the company has recently diversified into the sphere of smart retail cloud services. Commencing in 2023, it offers cutting-edge digital products and services tailored to diverse industry users, enterprises, and individuals.

In the smart access control sector, ZKTECO is committed to further enhancing its palm recognition, non-contact fingerprint recognition, and iris recognition algorithms. The latest palm recognition technology is now operational in applications related to access control and financial transactions. The organization is transitioning to cloud-based services in the smart office sector and has already initiated pilot programs in Mexico, India, and Thailand.

In the rapidly expanding realm of smart retail, the company introduced the ZKTECO CloudLink Convenience Store Smart Retail Solution in August 2023.