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About

Hitek Global Inc., through its subsidiaries, provides information technology (IT) consulting and solutions services to small and medium, and large businesses in China. The company offers anti-counterfeiting tax control system (ACTCS) tax devices, including golden tax disk and printers, ACTCS services, and IT services; and sells software and hardware to large businesses, such as laptops, printers, desktop computers, and related accessories, as well as internet servers, cameras, and monitors. It also sells communication interface system, a software used by petrochemical and coal businesses to collect industrial, electricity, facility pressure, and temperature statistics and convert to readable format for analytical purposes. In addition, the company provides IT maintenance services. Hitek Global Inc. was founded in 1996 and is headquartered in Xiamen, China.

Fundamentals
Scroll to Statements
Sector Technology Industry Software - Application Market Cap 58.60M
Enterprise Value 31.38M Income -1.93M Sales 1.81M
Book/sh 1.18 Cash/sh 1.02 Dividend Yield —
Payout 0.00% Employees 30 IPO —
P/E — Forward P/E — PEG —
P/S 32.32 P/B 1.69 P/C —
EV/EBITDA -12.88 EV/Sales 17.31 Quick Ratio 13.02
Current Ratio 14.27 Debt/Eq 7.46 LT Debt/Eq —
EPS (ttm) -0.08 EPS next Y — EPS Growth —
Revenue Growth -59.60% Earnings — ROA -4.02%
ROE -6.17% ROIC — Gross Margin 12.48%
Oper. Margin -181.73% Profit Margin -106.71% Shs Outstand 21.11M
Shs Float 5.81M Short Float 2.68% Short Ratio 3.70
Short Interest — 52W High 4.18 52W Low 1.16
Beta 1.38 Avg Volume 246.54K Volume 3.38K
Target Price — Recom None Prev Close $1.99
Price $2.00 Change 0.50%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
—
Mean price target
2. Current target
$2.00
Latest analyst target
3. DCF / Fair value
$4.57
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$2.00
Low
—
High
—
Mean
—
Insider Transactions

No recent insider transactions.

Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems58.03K113.38K-4.69K25.33K
TaxRateForCalcs0.250.340.240.24
NormalizedEBITDA-515.57K1.63M2.20M2.46M
TotalUnusualItems232.11K330.55K-19.36K103.38K
TotalUnusualItemsExcludingGoodwill232.11K330.55K-19.36K103.38K
NetIncomeFromContinuingOperationNetMinorityInterest-896.69K1.05M1.42M1.67M
ReconciledDepreciation259.55K53.83K21.88K355.74K
ReconciledCostOfRevenue1.90M2.64M2.89M2.58M
EBITDA-283.45K1.96M2.18M2.57M
EBIT-543.01K1.91M2.15M2.21M
NetInterestIncome607.29K598.01K260.20K10.52K
InterestExpense313.94K313.86K285.35K0.00
InterestIncome921.23K911.88K545.55K10.52K
NormalizedIncome-1.07M830.47K1.43M1.59M
NetIncomeFromContinuingAndDiscontinuedOperation-896.69K1.05M1.42M1.67M
TotalExpenses4.65M3.89M4.79M4.35M
TotalOperatingIncomeAsReported-1.75M101.06K1.63M2.10M
DilutedAverageShares20.60M13.26M10.99M10.99M
BasicAverageShares20.60M13.26M10.99M10.99M
DilutedEPS-0.040.080.130.15
BasicEPS-0.040.080.130.15
DilutedNIAvailtoComStockholders-896.69K1.05M1.42M1.67M
NetIncomeCommonStockholders-896.69K1.05M1.42M1.67M
NetIncome-896.69K1.05M1.42M1.67M
NetIncomeIncludingNoncontrollingInterests-896.69K1.05M1.42M1.67M
NetIncomeContinuousOperations-896.69K1.05M1.42M1.67M
TaxProvision39.75K546.88K453.22K542.85K
PretaxIncome-856.94K1.59M1.87M2.21M
OtherIncomeExpense282.91K325.52K-28.29K91.28K
OtherNonOperatingIncomeExpenses50.80K-5.03K-8.92K-12.10K
SpecialIncomeCharges-104.13K0.000.00
GainOnSaleOfBusiness-104.13K0.000.00
GainOnSaleOfSecurity336.24K330.55K-19.36K103.38K
NetNonOperatingInterestIncomeExpense607.29K598.01K260.20K10.52K
TotalOtherFinanceCost-250.17K2.19K
InterestExpenseNonOperating313.94K313.86K285.35K0.00
InterestIncomeNonOperating921.23K911.88K545.55K10.52K
OperatingIncome-1.75M670.99K1.64M2.11M
OperatingExpense2.75M1.25M1.90M1.77M
OtherOperatingExpenses-569.93K-9.84K-6.88K
SellingGeneralAndAdministration2.75M1.82M1.91M1.78M
SellingAndMarketingExpense1.72K648.00437.19K76.48K
GeneralAndAdministrativeExpense2.75M1.82M1.47M1.70M
OtherGandA2.75M1.82M1.47M1.70M
GrossProfit1.01M1.92M3.54M3.88M
CostOfRevenue1.90M2.64M2.89M2.58M
TotalRevenue2.90M4.56M6.43M6.46M
OperatingRevenue2.90M4.56M6.43M6.46M
Line Item2024-12-312023-12-312022-12-312021-12-31
OrdinarySharesNumber29.30M14.39M10.99M10.99M
ShareIssued29.30M14.39M10.99M10.99M
NetDebt1.47M
TotalDebt2.53M2.61M2.68M0.00
TangibleBookValue35.27M28.34M13.53M13.13M
InvestedCapital37.81M30.94M16.20M13.13M
WorkingCapital31.57M21.41M6.98M10.18M
NetTangibleAssets35.27M28.34M13.53M13.13M
CapitalLeaseObligations0.003.31K6.64K0.00
CommonStockEquity35.27M28.34M13.53M13.13M
TotalCapitalization37.33M30.45M15.70M13.13M
TotalEquityGrossMinorityInterest35.27M28.34M13.53M13.13M
StockholdersEquity35.27M28.34M13.53M13.13M
GainsLossesNotAffectingRetainedEarnings-139.13K226.85K556.96K1.50M
OtherEquityAdjustments-139.13K226.85K556.96K1.50M
RetainedEarnings10.49M11.39M10.34M8.99M
AdditionalPaidInCapital24.92M16.72M2.63M2.63M
CapitalStock2.93K1.44K1.10K1.10K
CommonStock2.93K1.44K1.10K1.10K
TotalLiabilitiesNetMinorityInterest6.27M7.09M7.68M4.01M
TotalNonCurrentLiabilitiesNetMinorityInterest3.65M3.72M3.47M1.23M
NonCurrentDeferredLiabilities1.60M1.60M1.30M1.23M
NonCurrentDeferredTaxesLiabilities1.60M1.60M1.30M1.23M
LongTermDebtAndCapitalLeaseObligation2.05M2.11M2.17M0.00
LongTermCapitalLeaseObligation0.003.40K0.00
LongTermDebt2.05M2.11M2.17M
CurrentLiabilities2.61M3.37M4.20M2.79M
CurrentDeferredLiabilities66.75K171.38K977.05K784.53K
CurrentDeferredRevenue66.75K171.38K977.05K784.53K
CurrentDebtAndCapitalLeaseObligation479.50K496.47K509.82K
CurrentCapitalLeaseObligation0.003.31K3.24K0.00
CurrentDebt479.50K493.16K506.58K
OtherCurrentBorrowings479.50K493.16K506.58K
PayablesAndAccruedExpenses2.07M2.70M2.72M2.00M
CurrentAccruedExpenses119.41K177.10K274.34K180.85K
InterestPayable0.0046.64K21.13K0.00
Payables1.95M2.53M2.44M1.82M
OtherPayable11.28K78.03K73.82K1.07K
DuetoRelatedPartiesCurrent0.00598.004.16K
TotalTaxPayable1.68M1.92M1.67M1.30M
IncomeTaxPayable357.68K564.37K404.62K198.13K
AccountsPayable255.95K532.13K696.73K518.74K
TotalAssets41.54M35.43M21.21M17.14M
TotalNonCurrentAssets7.36M10.64M10.02M4.17M
NonCurrentPrepaidAssets0.00410.51K421.68K333.72K
NonCurrentDeferredAssets0.00917.45K
DuefromRelatedPartiesNonCurrent0.00548.39K
NonCurrentNoteReceivables4.38M4.23M4.34M0.00
NonCurrentAccountsReceivable2.23M4.60M4.21M3.68M
InvestmentsAndAdvances0.001.00M0.00
InvestmentinFinancialAssets0.001.00M0.00
HeldToMaturitySecurities0.001.00M0.00
NetPPE744.94K406.64K129.61K156.76K
AccumulatedDepreciation-1.65M-1.48M-1.47M-1.57M
GrossPPE2.40M1.88M1.60M1.73M
OtherProperties3.31K6.64K
MachineryFurnitureEquipment1.83M1.29M1.14M1.24M
BuildingsAndImprovements570.13K586.37K448.61K487.43K
Properties0.000.000.000.00
CurrentAssets34.19M24.79M11.18M12.97M
CurrentDeferredAssets917.45K1.03M
PrepaidAssets1.02M362.94K486.11K1.15M
Inventory154.47K219.50K430.67K409.02K
InventoriesAdjustmentsAllowances-16.76K-17.23K-12.01K-10.71K
OtherInventories171.23K236.74K442.68K419.73K
Receivables2.84M6.06M4.77M3.09M
OtherReceivables62.01K156.49K48.32K105.62K
DuefromRelatedPartiesCurrent399.46K414.64K
AccruedInterestReceivable434.29K171.66K42.26K6.62K
LoansReceivable959.00K3.61M1.01M204.44K
AccountsReceivable1.39M2.12M3.67M2.77M
AllowanceForDoubtfulAccountsReceivable-125.64K-160.85K-164.12K-179.47K
GrossAccountsReceivable1.51M2.28M3.83M2.95M
CashCashEquivalentsAndShortTermInvestments30.17M18.15M5.49M7.29M
OtherShortTermInvestments22.93M8.84M4.29M5.20M
CashAndCashEquivalents7.24M9.31M1.20M2.09M
CashFinancial7.24M9.31M1.20M2.09M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-979.03K-587.72K3.71M-240.16K
IssuanceOfDebt0.000.002.75M0.00
IssuanceOfCapitalStock8.20M15.14M0.000.00
CapitalExpenditure-290.49K-525.81K-117.62K-25.58K
InterestPaidSupplementalData51.42K287.71K263.65K
IncomeTaxPaidSupplementalData79.14K36.50K45.00K32.65K
EndCashPosition7.24M9.31M1.20M2.09M
BeginningCashPosition9.31M1.20M2.09M1.86M
EffectOfExchangeRateChanges-25.41K-26.06K-112.47K44.32K
ChangesInCash-2.05M8.13M-775.68K185.43K
FinancingCashFlow8.20M15.14M2.75M0.00
CashFlowFromContinuingFinancingActivities8.20M15.14M2.75M0.00
NetCommonStockIssuance8.20M15.14M0.000.00
CommonStockIssuance8.20M15.14M0.000.00
NetIssuancePaymentsOfDebt0.000.002.75M0.00
NetLongTermDebtIssuance0.000.002.75M0.00
LongTermDebtIssuance0.000.002.75M0.00
InvestingCashFlow-9.56M-6.95M-7.35M400.01K
CashFlowFromContinuingInvestingActivities-9.56M-6.95M-7.35M400.01K
NetOtherInvestingChanges2.44M-2.58M-5.30M-39.54K
NetInvestmentPurchaseAndSale-10.70M-3.84M-1.93M465.12K
SaleOfInvestment7.50M7.16M0.001.71M
PurchaseOfInvestment-18.20M-11.00M-1.93M-1.24M
NetBusinessPurchaseAndSale-1.01M0.000.00
PurchaseOfBusiness-1.01M0.000.00
NetIntangiblesPurchaseAndSale-290.49K-339.31K-117.62K-25.58K
PurchaseOfIntangibles-290.49K-339.31K-117.62K-25.58K
NetPPEPurchaseAndSale0.00-186.50K0.000.00
PurchaseOfPPE0.00-186.50K0.000.00
OperatingCashFlow-688.54K-61.91K3.82M-214.57K
CashFlowFromContinuingOperatingActivities-688.54K-61.91K3.82M-214.57K
ChangeInWorkingCapital-174.09K-1.20M2.22M-2.34M
ChangeInOtherWorkingCapital-2.75K-912.56K321.86K168.00K
ChangeInOtherCurrentLiabilities0.00-3.17K0.000.00
ChangeInOtherCurrentAssets-2.61M-1.70M2.42M-2.63M
ChangeInPayablesAndAccruedExpense-666.23K-195.78K874.18K328.92K
ChangeInAccruedExpense-119.06K-340.13K163.88K-127.38K
ChangeInPayable-547.16K144.35K710.30K456.29K
ChangeInAccountPayable-265.20K-146.64K225.20K127.42K
ChangeInTaxPayable-281.96K291.58K488.42K327.81K
ChangeInIncomeTaxPayable-281.96K291.58K488.42K327.81K
ChangeInPrepaidAssets57.50K459.19K649.93K585.54K
ChangeInInventory59.80K194.87K-57.90K-276.67K
ChangeInReceivables2.99M957.68K-1.99M-521.90K
ChangesInAccountReceivables2.99M957.68K-1.99M-521.90K
OtherNonCashItems-225.66K-102.42K-21.70K-6.53K
ProvisionandWriteOffofAssets366.74K3.23K-4.22K-5.32K
AssetImpairmentCharge-2.33K-6.44K-123.75K
DeferredTax39.75K339.33K177.03K340.62K
DeferredIncomeTax39.75K339.33K177.03K340.62K
DepreciationAmortizationDepletion259.55K53.83K21.88K355.74K
DepreciationAndAmortization259.55K53.83K21.88K355.74K
Depreciation259.55K53.83K21.88K355.74K
OperatingGainsLosses-58.13K-207.21K19.36K-103.38K
GainLossOnSaleOfPPE0.001.41K0.000.00
NetIncomeFromContinuingOperations-896.69K1.05M1.42M1.67M
SEC Filings

No SEC filings found for this symbol (may be non-US or ticker not in SEC index).

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