Symbols / HKIT $1.87 +4.47% Hitek Global Inc.

Technology • Software - Application • China • NCM
HKIT Chart
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 1.37M
Enterprise Value -26.17M 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 0.76 P/B 1.58 P/C —
EV/EBITDA 10.74 EV/Sales -14.43 Quick Ratio 13.02
Current Ratio 14.27 Debt/Eq 7.46 LT Debt/Eq —
EPS (ttm) -3.01 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 569.39K
Shs Float 6.95M Short Float 0.03% Short Ratio 2.53
Short Interest — 52W High 209.00 52W Low 1.50
Beta 2.86 Avg Volume 660.86K Volume 1.06M
Target Price — Recom None Prev Close $1.79
Price $1.87 Change 4.47%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
—
Mean price target
2. Current target
$1.87
Latest analyst target
3. DCF / Fair value
$169.42
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$1.87
Low
—
High
—
Mean
—
News
RSS: Latest HKIT news
Insider Transactions

No recent insider transactions.

Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total Revenue
2.90
-36.35%
4.56
-29.01%
6.43
-0.50%
6.46
Operating Revenue
2.90
-36.35%
4.56
-29.01%
6.43
-0.50%
6.46
Cost Of Revenue
1.90
-28.13%
2.64
-8.61%
2.89
+12.02%
2.58
Reconciled Cost Of Revenue
1.90
-28.13%
2.64
-8.61%
2.89
+12.02%
2.58
Gross Profit
1.01
-47.64%
1.92
-45.68%
3.54
-8.84%
3.88
Operating Expense
2.75
+120.20%
1.25
-34.20%
1.90
+7.37%
1.77
Selling General And Administration
2.75
+51.25%
1.82
-4.69%
1.91
+7.51%
1.78
Selling And Marketing Expense
0.00
+164.81%
0.00
-99.85%
0.44
+471.66%
0.08
General And Administrative Expense
2.75
+51.21%
1.82
+23.56%
1.47
-13.37%
1.70
Other Gand A
2.75
+51.21%
1.82
+23.56%
1.47
-13.37%
1.70
Other Operating Expenses
—
-0.57
-5693.13%
-0.01
-42.93%
-0.01
Total Expenses
4.65
+19.51%
3.89
-18.76%
4.79
+10.13%
4.35
Operating Income
-1.75
-360.38%
0.67
-59.01%
1.64
-22.43%
2.11
Total Operating Income As Reported
-1.75
-1828.80%
0.10
-93.79%
1.63
-22.64%
2.10
EBITDA
-0.28
-114.45%
1.96
-9.83%
2.18
-15.26%
2.57
Normalized EBITDA
-0.52
-131.60%
1.63
-25.68%
2.20
-10.92%
2.46
Reconciled Depreciation
0.26
+382.18%
0.05
+146.01%
0.02
-93.85%
0.36
EBIT
-0.54
-128.45%
1.91
-11.42%
2.15
-2.62%
2.21
Total Unusual Items
0.23
-29.78%
0.33
+1807.13%
-0.02
-118.73%
0.10
Total Unusual Items Excluding Goodwill
0.23
-29.78%
0.33
+1807.13%
-0.02
-118.73%
0.10
Special Income Charges
-0.10
0.00
0.00
—
Net Income
-0.90
-185.59%
1.05
-26.00%
1.42
-15.19%
1.67
Pretax Income
-0.86
-153.74%
1.59
-14.68%
1.87
-15.52%
2.21
Net Non Operating Interest Income Expense
0.61
+1.55%
0.60
+129.83%
0.26
+2374.58%
0.01
Interest Expense Non Operating
0.31
+0.02%
0.31
+9.99%
0.29
0.00
Net Interest Income
0.61
+1.55%
0.60
+129.83%
0.26
+2374.58%
0.01
Interest Expense
0.31
+0.02%
0.31
+9.99%
0.29
0.00
Interest Income Non Operating
0.92
+1.03%
0.91
+67.15%
0.55
+5088.35%
0.01
Interest Income
0.92
+1.03%
0.91
+67.15%
0.55
+5088.35%
0.01
Other Income Expense
0.28
-13.09%
0.33
+1250.79%
-0.03
-130.99%
0.09
Other Non Operating Income Expenses
0.05
+1110.06%
-0.01
+43.65%
-0.01
+26.23%
-0.01
Gain On Sale Of Security
0.34
+1.72%
0.33
+1807.13%
-0.02
-118.73%
0.10
Gain On Sale Of Business
-0.10
0.00
0.00
—
Tax Provision
0.04
-92.73%
0.55
+20.67%
0.45
-16.51%
0.54
Tax Rate For Calcs
0.00
-27.11%
0.00
+41.74%
0.00
-1.22%
0.00
Tax Effect Of Unusual Items
0.06
-48.82%
0.11
+2519.61%
-0.00
-118.50%
0.03
Net Income Including Noncontrolling Interests
-0.90
-185.59%
1.05
-26.00%
1.42
-15.19%
1.67
Net Income From Continuing Operation Net Minority Interest
-0.90
-185.59%
1.05
-26.00%
1.42
-15.19%
1.67
Net Income From Continuing And Discontinued Operation
-0.90
-185.59%
1.05
-26.00%
1.42
-15.19%
1.67
Net Income Continuous Operations
-0.90
-185.59%
1.05
-26.00%
1.42
-15.19%
1.67
Normalized Income
-1.07
-228.94%
0.83
-41.94%
1.43
-10.11%
1.59
Net Income Common Stockholders
-0.90
-185.59%
1.05
-26.00%
1.42
-15.19%
1.67
Diluted EPS
-0.04
-150.00%
0.08
-37.91%
0.13
-15.19%
0.15
Basic EPS
-0.04
-150.00%
0.08
-37.91%
0.13
-15.19%
0.15
Basic Average Shares
20.60
+55.41%
13.26
+20.66%
10.99
+0.00%
10.99
Diluted Average Shares
20.60
+55.41%
13.26
+20.66%
10.99
+0.00%
10.99
Diluted NI Availto Com Stockholders
-0.90
-185.59%
1.05
-26.00%
1.42
-15.19%
1.67
Total Other Finance Cost
—
—
-0.25
-11523.38%
0.00
Line Item Trend 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total Assets
41.54
+17.26%
35.43
+67.07%
21.21
+23.71%
17.14
Current Assets
34.19
+37.92%
24.79
+121.61%
11.18
-13.75%
12.97
Cash Cash Equivalents And Short Term Investments
30.17
+66.23%
18.15
+230.37%
5.49
-24.63%
7.29
Cash And Cash Equivalents
7.24
-22.28%
9.31
+673.92%
1.20
-42.47%
2.09
Cash Financial
7.24
-22.28%
9.31
+673.92%
1.20
-42.47%
2.09
Other Short Term Investments
22.93
+159.49%
8.84
+105.98%
4.29
-17.45%
5.20
Receivables
2.84
-53.08%
6.06
+26.83%
4.77
+54.59%
3.09
Accounts Receivable
1.39
-34.59%
2.12
-42.28%
3.67
+32.43%
2.77
Gross Accounts Receivable
1.51
-33.70%
2.28
-40.56%
3.83
+29.94%
2.95
Allowance For Doubtful Accounts Receivable
-0.13
+21.89%
-0.16
+1.99%
-0.16
+8.55%
-0.18
Other Receivables
0.06
-60.38%
0.16
+223.87%
0.05
-54.25%
0.11
Accrued Interest Receivable
0.43
+153.00%
0.17
+306.16%
0.04
+538.51%
0.01
Loans Receivable
0.96
-73.42%
3.61
+256.14%
1.01
+395.57%
0.20
Inventory
0.15
-29.63%
0.22
-49.03%
0.43
+5.29%
0.41
Prepaid Assets
1.02
+181.40%
0.36
-25.34%
0.49
-57.90%
1.15
Current Deferred Assets
—
—
0.92
-10.63%
1.03
Total Non Current Assets
7.36
-30.87%
10.64
+6.20%
10.02
+140.11%
4.17
Net PPE
0.74
+83.19%
0.41
+213.75%
0.13
-17.32%
0.16
Gross PPE
2.40
+27.28%
1.88
+17.72%
1.60
-7.58%
1.73
Accumulated Depreciation
-1.65
-11.88%
-1.48
-0.45%
-1.47
+6.61%
-1.57
Properties
0.00
0.00
0.00
0.00
Buildings And Improvements
0.57
-2.77%
0.59
+30.71%
0.45
-7.96%
0.49
Machinery Furniture Equipment
1.83
+41.22%
1.29
+13.03%
1.14
-7.96%
1.24
Other Properties
—
0.00
-50.17%
0.01
—
Investments And Advances
0.00
-100.00%
1.00
0.00
—
Non Current Accounts Receivable
2.23
-51.56%
4.60
+9.21%
4.21
+14.30%
3.68
Non Current Deferred Assets
—
0.00
-100.00%
0.92
—
Non Current Prepaid Assets
0.00
-100.00%
0.41
-2.65%
0.42
+26.36%
0.33
Total Liabilities Net Minority Interest
6.27
-11.61%
7.09
-7.66%
7.68
+91.29%
4.01
Current Liabilities
2.61
-22.52%
3.37
-19.77%
4.20
+50.75%
2.79
Payables And Accrued Expenses
2.07
-23.58%
2.70
-0.44%
2.72
+35.57%
2.00
Payables
1.95
-22.95%
2.53
+3.49%
2.44
+33.97%
1.82
Accounts Payable
0.26
-51.90%
0.53
-23.63%
0.70
+34.31%
0.52
Other Payable
0.01
-85.54%
0.08
+5.70%
0.07
+6799.35%
0.00
Current Accrued Expenses
0.12
-32.58%
0.18
-35.45%
0.27
+51.69%
0.18
Total Tax Payable
1.68
-12.37%
1.92
+14.74%
1.67
+28.65%
1.30
Income Tax Payable
0.36
-36.62%
0.56
+39.48%
0.40
+104.22%
0.20
Current Debt And Capital Lease Obligation
0.48
-3.42%
0.50
-2.62%
0.51
—
Current Debt
0.48
-2.77%
0.49
-2.65%
0.51
—
Other Current Borrowings
0.48
-2.77%
0.49
-2.65%
0.51
—
Current Capital Lease Obligation
0.00
-100.00%
0.00
+2.07%
0.00
0.00
Current Deferred Liabilities
0.07
-61.05%
0.17
-82.46%
0.98
+24.54%
0.78
Current Deferred Revenue
0.07
-61.05%
0.17
-82.46%
0.98
+24.54%
0.78
Total Non Current Liabilities Net Minority Interest
3.65
-1.72%
3.72
+6.99%
3.47
+183.51%
1.23
Long Term Debt And Capital Lease Obligation
2.05
-2.77%
2.11
-2.80%
2.17
0.00
Long Term Debt
2.05
-2.77%
2.11
-2.65%
2.17
—
Long Term Capital Lease Obligation
—
0.00
-100.00%
0.00
0.00
Non Current Deferred Liabilities
1.60
-0.33%
1.60
+23.36%
1.30
+6.10%
1.23
Non Current Deferred Taxes Liabilities
1.60
-0.33%
1.60
+23.36%
1.30
+6.10%
1.23
Stockholders Equity
35.27
+24.48%
28.34
+109.50%
13.53
+3.05%
13.13
Common Stock Equity
35.27
+24.48%
28.34
+109.50%
13.53
+3.05%
13.13
Capital Stock
0.00
+103.61%
0.00
+30.94%
0.00
+0.00%
0.00
Common Stock
0.00
+103.61%
0.00
+30.94%
0.00
+0.00%
0.00
Share Issued
29.30
+103.58%
14.39
+30.99%
10.99
+0.00%
10.99
Ordinary Shares Number
29.30
+103.58%
14.39
+30.99%
10.99
+0.00%
10.99
Additional Paid In Capital
24.92
+49.03%
16.72
+536.20%
2.63
+0.00%
2.63
Retained Earnings
10.49
-7.87%
11.39
+10.13%
10.34
+14.97%
8.99
Gains Losses Not Affecting Retained Earnings
-0.14
-161.33%
0.23
-59.27%
0.56
-62.95%
1.50
Other Equity Adjustments
-0.14
-161.33%
0.23
-59.27%
0.56
-62.95%
1.50
Total Equity Gross Minority Interest
35.27
+24.48%
28.34
+109.50%
13.53
+3.05%
13.13
Total Capitalization
37.33
+22.59%
30.45
+93.99%
15.70
+19.59%
13.13
Working Capital
31.57
+47.44%
21.41
+206.74%
6.98
-31.41%
10.18
Invested Capital
37.81
+22.19%
30.94
+90.97%
16.20
+23.45%
13.13
Total Debt
2.53
-2.89%
2.61
-2.77%
2.68
0.00
Net Debt
—
—
1.47
—
Capital Lease Obligations
0.00
-100.00%
0.00
-50.17%
0.01
0.00
Net Tangible Assets
35.27
+24.48%
28.34
+109.50%
13.53
+3.05%
13.13
Tangible Book Value
35.27
+24.48%
28.34
+109.50%
13.53
+3.05%
13.13
Duefrom Related Parties Current
—
—
0.40
-3.66%
0.41
Duefrom Related Parties Non Current
—
—
0.00
-100.00%
0.55
Dueto Related Parties Current
—
0.00
-100.00%
0.00
-85.64%
0.00
Held To Maturity Securities
0.00
-100.00%
1.00
0.00
—
Interest Payable
0.00
-100.00%
0.05
+120.70%
0.02
0.00
Inventories Adjustments Allowances
-0.02
+2.77%
-0.02
-43.49%
-0.01
-12.20%
-0.01
Investmentin Financial Assets
0.00
-100.00%
1.00
0.00
—
Non Current Note Receivables
4.38
+3.71%
4.23
-2.65%
4.34
0.00
Other Inventories
0.17
-27.67%
0.24
-46.52%
0.44
+5.47%
0.42
Line Item Trend 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow
-0.69
-1012.12%
-0.06
-101.62%
3.82
+1882.15%
-0.21
Cash Flow From Continuing Operating Activities
-0.69
-1012.12%
-0.06
-101.62%
3.82
+1882.15%
-0.21
Net Income From Continuing Operations
-0.90
-185.59%
1.05
-26.00%
1.42
-15.19%
1.67
Depreciation Amortization Depletion
0.26
+382.18%
0.05
+146.01%
0.02
-93.85%
0.36
Depreciation
0.26
+382.18%
0.05
+146.01%
0.02
-93.85%
0.36
Depreciation And Amortization
0.26
+382.18%
0.05
+146.01%
0.02
-93.85%
0.36
Other Non Cash Items
-0.23
-120.34%
-0.10
-371.99%
-0.02
-232.55%
-0.01
Provisionand Write Offof Assets
0.37
+11240.01%
0.00
+176.54%
-0.00
+20.54%
-0.01
Asset Impairment Charge
—
-0.00
+63.91%
-0.01
+94.79%
-0.12
Deferred Tax
0.04
-88.29%
0.34
+91.68%
0.18
-48.03%
0.34
Deferred Income Tax
0.04
-88.29%
0.34
+91.68%
0.18
-48.03%
0.34
Operating Gains Losses
-0.06
+71.95%
-0.21
-1170.15%
0.02
+118.73%
-0.10
Gain Loss On Sale Of PPE
0.00
-100.00%
0.00
0.00
0.00
Change In Working Capital
-0.17
+85.45%
-1.20
-153.99%
2.22
+194.65%
-2.34
Change In Receivables
2.99
+212.24%
0.96
+148.11%
-1.99
-281.45%
-0.52
Changes In Account Receivables
2.99
+212.24%
0.96
+148.11%
-1.99
-281.45%
-0.52
Change In Inventory
0.06
-69.31%
0.19
+436.57%
-0.06
+79.07%
-0.28
Change In Prepaid Assets
0.06
-87.48%
0.46
-29.35%
0.65
+11.00%
0.59
Change In Payables And Accrued Expense
-0.67
-240.29%
-0.20
-122.40%
0.87
+165.78%
0.33
Change In Accrued Expense
-0.12
+65.00%
-0.34
-307.54%
0.16
+228.66%
-0.13
Change In Payable
-0.55
-479.05%
0.14
-79.68%
0.71
+55.67%
0.46
Change In Account Payable
-0.27
-80.85%
-0.15
-165.12%
0.23
+76.73%
0.13
Change In Other Working Capital
-0.00
+99.70%
-0.91
-383.53%
0.32
+91.58%
0.17
Change In Other Current Assets
-2.61
-54.00%
-1.70
-170.14%
2.42
+192.13%
-2.63
Change In Other Current Liabilities
0.00
+100.00%
-0.00
0.00
0.00
Investing Cash Flow
-9.56
-37.63%
-6.95
+5.48%
-7.35
-1937.28%
0.40
Cash Flow From Continuing Investing Activities
-9.56
-37.63%
-6.95
+5.48%
-7.35
-1937.28%
0.40
Net PPE Purchase And Sale
0.00
+100.00%
-0.19
0.00
0.00
Purchase Of PPE
0.00
+100.00%
-0.19
0.00
0.00
Capital Expenditure
-0.29
+44.75%
-0.53
-347.05%
-0.12
-359.76%
-0.03
Net Investment Purchase And Sale
-10.70
-178.57%
-3.84
-98.80%
-1.93
-515.39%
0.47
Purchase Of Investment
-18.20
-65.45%
-11.00
-469.33%
-1.93
-55.77%
-1.24
Sale Of Investment
7.50
+4.76%
7.16
0.00
-100.00%
1.71
Net Business Purchase And Sale
-1.01
0.00
0.00
—
Purchase Of Business
-1.01
0.00
0.00
—
Net Intangibles Purchase And Sale
-0.29
+14.39%
-0.34
-188.49%
-0.12
-359.76%
-0.03
Purchase Of Intangibles
-0.29
+14.39%
-0.34
-188.49%
-0.12
-359.76%
-0.03
Net Other Investing Changes
2.44
+194.57%
-2.58
+51.32%
-5.30
-13304.33%
-0.04
Financing Cash Flow
8.20
-45.85%
15.14
+450.75%
2.75
0.00
Cash Flow From Continuing Financing Activities
8.20
-45.85%
15.14
+450.75%
2.75
0.00
Net Issuance Payments Of Debt
0.00
0.00
-100.00%
2.75
0.00
Issuance Of Debt
0.00
0.00
-100.00%
2.75
0.00
Long Term Debt Issuance
0.00
0.00
-100.00%
2.75
0.00
Net Long Term Debt Issuance
0.00
0.00
-100.00%
2.75
0.00
Net Common Stock Issuance
8.20
-45.85%
15.14
0.00
0.00
Changes In Cash
-2.05
-125.19%
8.13
+1148.68%
-0.78
-518.31%
0.19
Effect Of Exchange Rate Changes
-0.03
+2.51%
-0.03
+76.83%
-0.11
-353.74%
0.04
Beginning Cash Position
9.31
+673.92%
1.20
-42.47%
2.09
+12.34%
1.86
End Cash Position
7.24
-22.28%
9.31
+673.92%
1.20
-42.47%
2.09
Free Cash Flow
-0.98
-66.58%
-0.59
-115.86%
3.71
+1643.34%
-0.24
Interest Paid Supplemental Data
0.05
-82.13%
0.29
+9.12%
0.26
—
Income Tax Paid Supplemental Data
0.08
+116.79%
0.04
-18.88%
0.05
+37.85%
0.03
Change In Income Tax Payable
-0.28
-196.70%
0.29
-40.30%
0.49
+49.00%
0.33
Change In Tax Payable
-0.28
-196.70%
0.29
-40.30%
0.49
+49.00%
0.33
Common Stock Issuance
8.20
-45.85%
15.14
0.00
0.00
Issuance Of Capital Stock
8.20
-45.85%
15.14
0.00
0.00
SEC Filings

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