Hikvision Smart Imaging Files IPO Prospectus: Full-Stack Coverage of Operating Room AV, Rigid & Flexible Endoscopy, and Medical Displays

As the core equipment of modern minimally invasive medicine, medical endoscopes are undergoing a technological leap from high definition to ultra-high definition, from two-dimensional to three-dimensional imaging, and from traditional observation to intelligent assistance, playing an irreplaceable role in fields such as precision diagnosis and treatment and minimally invasive surgery.

However, the industry still faces multiple challenges: for a long time, the domestic market has been dominated by foreign brands, with core technologies and precision components heavily reliant on imports and a low rate of localization; significant barriers exist in high-end fields such as 3D fluorescence imaging and 4K variable-focus autofocus, where manufacturing processes and algorithm implementation are highly complex; furthermore, the production consistency of single-use endoscopes, as well as the stability and safety control of medical-grade equipment, remain to be improved...

In response to the aforementioned industry challenges, Hangzhou Haikang Huiying Technology Co., Ltd. was established in 2018. The company is a global provider of OEM/ODM solutions for endoscopy systems. Rooted in the medical technology sector, Haikang Huiying delivers products, solutions, and related services to clients in the medical device industry, working hand in hand with them to drive the digital and intelligent transformation of operating rooms and examination/treatment rooms.

Exterior View of Haikang Huiying Factory

As medical devices integrating optics, image processing, precision mechanics, and other technologies, medical endoscopes do not rely exclusively on healthcare-specific technologies; rather, they exhibit strong cross-industry applicability. This characteristic allows technological expertise from other sectors to be transferred to the field of endoscopy. Hikvision is a prime example: with years of deep engagement in multidimensional perception and artificial intelligence, it has amassed substantial expertise in optics, imaging, and AI, which align closely with the key technologies required for medical endoscopes.

In this context, Hikvision established its subsidiary, Hangzhou Haikang Huiying Technology Co., Ltd., in 2018.

Starting with visible light and near-infrared technologies, and leveraging its diversified technological achievements extended from the electromagnetic wave domain as well as its profound technical accumulation in core areas such as optical imaging, Hikvision has infused Hangzhou Haikang Huiying Technology Co., Ltd. with high-quality technical DNA and an engineering culture. Building on this foundation, Hangzhou Haikang Huiying Technology Co., Ltd. has continuously adjusted and optimized its approach in line with the characteristics of the medical industry, ultimately establishing an organizational capability system tailored to the healthcare sector.

Furthermore, Hikvision possesses comprehensive testing capabilities for EMC, safety compliance, and other standards, along with exceptional manufacturing prowess, laying a solid resource foundation for the product line of Hangzhou Haikang Huiying Technology Co., Ltd.’s medical endoscopes. Taking electronics manufacturing as an example, although the absolute production volume of medical endoscopic equipment is limited, it is subject to stringent quality standards, making its manufacturing complexity far exceed that of the general electronics sector. Empowered by Hikvision, the electronic manufacturing lines utilized by Hangzhou Haikang Huiying Technology Co., Ltd. for product production, including SMT (Surface Mount Technology) and THT (Through-Hole Technology), are equipped with high-specification technical instruments and operate under strict management systems. This not only ensures precision and performance stability in the production of medical endoscopes but also meets medical regulatory compliance requirements and achieves full-chain quality traceability.

Hangzhou Haikang Huiying Technology Co., Ltd.: Class 100 Cleanroom and Class 10,000 Cleanroom

Addressing the medical industry’s professional demands for specific imaging outcomes,Leveraging its technological expertise and continuous R&D in the field of video imaging, Hangzhou Haikang Huiying Technology Co., Ltd. deeply integrates Hikvision’s six core R&D capabilities—“display, storage, computing, control, sensing, and intelligence”—to establish significant competitive advantages in key areas such as full-link 4K, real-time streaming media transmission, and intelligent AI algorithms:

End-to-End 4K: In medical settings, 4K ultra-high-definition endoscopes can clearly present fine blood vessels, nerves, and fascial layers, while capturing details of lesion areas and biopsy sites that are difficult to identify with traditional high-definition endoscopes. Compared to traditional endoscopes, 4K ultra-high-definition endoscopes provide doctors with a stronger sense of depth and enhance control over surgical operations, thanks to their higher resolution, clarity, and color differentiation. Relying on years of technical accumulation in the video business field, Hangzhou Haikang Huiying Technology Co., Ltd. not only possesses multi-light fusion and 4K imaging capabilities in the front-end acquisition stage but also achieves full-link 4K visual imaging from transmission and storage to display, making image details clearer and color reproduction more accurate.

Real-Time Streaming Transmission: Leveraging mainstream real-time transmission technologies, Hangzhou Haikang Huiying Technology Co., Ltd. has optimized its underlying media transmission engine and integrated its proprietary codec advantages to enhance Quality of Experience (QoE). In private deployment scenarios, its real-time transmission technology supports simultaneous multi-party audio-video interactions across the internet for over 500 participants. By dynamically adjusting encoding parameters to adapt to varying network conditions, it ensures the real-time performance of media transmission and the integrity of interactive data. Furthermore, deeply tailored to the specific requirements of the healthcare industry, the solution enables smooth transmission of 4K video streams across internet environments, even in complex visual scenarios such as endoscopy.

Intelligent AI Algorithm: Hangzhou Haikang Huiying Technology Co., Ltd. deeply integrates intelligent AI technology with endoscopy. By constructing knowledge graphs and applying AI-based automatic recognition technology, it assists physicians in diagnosis and treatment, thereby reducing the rate of missed lesion diagnoses. Through AI algorithm analysis, examination images can be presented in a digital and feature-enhanced manner, aiding physicians in rapidly determining the presence of lesions in the examined areas and precisely locating lesion regions, thus improving the efficiency, speed, and accuracy of medical diagnosis.

The aforementioned accumulation of foundational technologies has played a crucial role in supporting the rapid R&D of new products, technological and product iterations, and responsiveness to customized demands by Hangzhou Haikang Huiying Technology Co., Ltd. Meanwhile, leveraging Hikvision’s mature supply chain system, the company can ensure long-term and stable supply security.

In 2018, Hangzhou Haikang Huiying Technology Co., Ltd. leveraged its expertise in sensing, computing, storage, display, and control technologies to launch its first product line—the Operating Room Multimedia System (ORMS). Although this product line is classified as a non-medical device solution, it is deployed in operating room environments. Consequently, key components such as the surgical field camera and recording host were developed and manufactured in accordance with medical-grade standards. The system obtained IEC 60601 certification for the safety of medical electrical equipment in the same year, demonstrating outstanding performance in terms of product safety and stability.

In this product line, Hangzhou Haikang Huiying Technology Co., Ltd. leverages technologies such as professional 4K surgical field imaging, panoramic capture, integration of medical device imagery from CT scanners, surgical microscopes, DSA systems, and patient monitors, multi-screen fusion, lip-sync synchronization, bidirectional audio-video interaction, public cloud connectivity, and cloud-based live streaming to meet clinical needs including patient data integration, intraoperative image routing, remote surgical teaching, cloud-based surgical live broadcasting, remote surgical guidance, surgical consultation, real-time communication with patients’ families during surgery, and recording and archiving of surgical procedures. This drives the informatization, networking, and digitalization of hospital operating rooms.Currently, Hangzhou Haikang Huiying Technology Co., Ltd. has achieved end-to-end 4K transmission in operating room scenarios.

For medical-grade monitors, Hangzhou Haikang Huiying Technology Co., Ltd. adopts EMC (Electromagnetic Compatibility) design requirements that exceed industry standards, mitigating electromagnetic interference risks at the hardware level to ensure stable device operation during surgical procedures. To address the issue of monitor blackouts during surgery, Hangzhou Haikang Huiying leverages Hikvision’s display technology capabilities to pioneerMedical Display Product Line. This product line"Stability" as the starting point, relying on inherent correction technology and image debugging technology, deeply combined with clinical application demands, debugged to meet the clinical image display effect, formed a full range of 2D/3D products.. Meanwhile, Hangzhou Haikang Huiying Technology Co., Ltd. is also working with its strategic partners to promote the localization of 3D medical modules, contributing to the development of the industry.

Rigid Endoscope Product Solutions (MIS) is the first endoscopic camera system solution product line of Hangzhou Haikang Huiying Technology Co., Ltd., focusing on minimally invasive surgery applications,Launched 4K auto-focus camera systems, 4K fluorescence camera systems, 4K 3D camera systems, 4K 3D fluorescence camera systems, and all-in-one integrated imaging solutions.。

Among these, the Haikang Huiying 3D fluorescence solution combines 3D stereoscopic vision with fluorescence technology to further enhance surgical precision and safety in complex scenarios. The 4K 4CMOS solution achieves pixel-level alignment and low-power design through automated processes, thereby improving clinical image quality and user experience.

By deeply cultivating technological innovation—spanning from autofocus to auto-zoom technologies, from 4K 3D white light to 4K 3D fluorescence technologies, from single-CMOS to multi-CMOS sensors, and further to composite imaging technologies—Hangzhou Haikang Huiying Technology Co., Ltd. has continuously advanced in the field of visual perception, empowering and facilitating the development of the healthcare industry.

Driven by the medical safety imperative to prevent cross-infection, breakthroughs in materials and manufacturing technologies, the need to accommodate minimally invasive surgery and primary care settings, as well as domestic policies supporting equipment localization and upgrades to safety standards, the development of disposable medical endoscopes has accelerated. Seizing this opportunity, Hangzhou Haikang Huiying Technology Co., Ltd. has established an electronic endoscopy imaging solution (MIP).

The main unit of its flexible endoscope product line inherits the exceptional image processing capabilities of the rigid endoscope system. In addition to basic image processing, it incorporates super-resolution algorithms and holmium laser stripe removal algorithms, making it better suited for single-use endoscopy scenarios. In the production of single-use flexible endoscopes, Hangzhou Haikang Huiying Technology Co., Ltd. strictly adheres to medical standards by establishing a Class 10,000 cleanroom workshop. Leveraging Hikvision’s manufacturing expertise, the company has set up a semi-automated welding production line for modules, effectively ensuring consistency and stability in mass production.

Hikvision Huiying MIP Line Product Collection

After years of accumulation,HaiKang Huiying offers a comprehensive range of single-use flexible endoscope solutions, including ureteroscopes, cystoscopes, bronchoscopes, hysteroscopes, and choledochoscopes, encompassing flexible endoscopic camera systems and integrated total solutions.Meanwhile, the company has further completed its imaging chain solutions for reusable flexible endoscopes this year. It continues to deepen its expertise in high-end gastrointestinal endoscopy, having developed advanced image processing solutions for such systems, thereby promoting the domestic production of gastrointestinal endoscopes in China.

Having cultivated the Chinese market for many years, Hangzhou Haikang Huiying Technology Co., Ltd. has gradually upgraded its business model from standardized solutions to customized services, enabling clients to achieve autonomous configuration. Meanwhile, the company continues to deepen scenario segmentation, focusing on specialty-specific needs by providing “specialty-dedicated” products, while steadfastly maintaining its OEM/ODM business model to empower industry partners and serve customers.。

Hangzhou Haikang Huiying Technology Co., Ltd. Product Launch: Collective Showcase

Meanwhile, the international market serves as a key growth engine for Hangzhou Haikang Huiying Technology Co., Ltd. Compared with the domestic market, the international environment is more complex, and the industry is currently in a critical window period characterized by the upgrade and iteration of endoscopic products and updates to registration regulations. Adhering to its OEM/ODM business model, Hangzhou Haikang Huiying will seize market opportunities, proactively respond to changes in the global market landscape, and provide comprehensive endoscopy system solutions to medical device enterprises in Europe, South America, the Asia-Pacific region, and other areas, working hand in hand with global customers to drive the rapid advancement of the endoscopy industry.

At the level of industry ecosystem development, Hangzhou Haikang Huiying Technology Co., Ltd. collaborates with customers to build a robust industry ecosystem and promote high-quality development in the endoscopy sector. By engaging in medical-engineering partnerships with multiple Grade A tertiary hospitals, the company jointly advances product development and tackles key technical challenges. It also actively participates in the formulation and rapid implementation of industry and group standards, accelerating the deep integration of new technologies with clinical applications, thereby supporting the high-quality development and digital transformation of the healthcare system.

Currently, breakthrough innovations in cutting-edge technologies are bringing new opportunities for technological iteration and scenario expansion in the field of endoscopy. Artificial intelligence technologies, such as large language models and deep learning, are injecting new momentum into the development of endoscopic technology,Hangzhou Haikang Huiying Technology Co., Ltd. has been deeply engaged in this field for many years, assisting doctors and partners in accelerating the deep integration and clinical implementation of new intelligent endoscopy technologies.

As an emerging field in minimally invasive surgery, surgical robots have also become a key focus of Hangzhou Haikang Huiying Technology Co., Ltd.’s strategic layout. In 2023, the company launched a 3D fluorescence endoscopy solution tailored for surgical robot applications.To provide global surgical robot manufacturers with superior minimally invasive visual technology support, enabling technological expansion from intelligent endoscopic upgrades to emerging surgical scenarios.

Building on current technological breakthroughs, Hangzhou Haikang Huiying Technology Co., Ltd. will further anchor its efforts in core domains, continuously focusing R&D investment on key endoscopic technologies—including multi-dimensional perception, intelligent analysis, audio-video transmission and computing, and display control. The company is committed to deepening technological innovation, advancing the exploration and industrial implementation of new technologies and processes, and delivering a more comprehensive portfolio of products and solutions to industry users and customers.