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1. Company Snapshot

1.a. Company Description

Hitek Global Inc.provides information technology (IT) consulting and solutions to business in various industry sectors in China.It offers services to small and medium businesses, which consist of anti-counterfeiting tax control system (ACTCS) tax devices, including golden tax disk and printers, ACTCS services, and IT services; and sells hardware to large businesses, such as laptops, printers, desktop computers and related accessories, as well as Internet servers, cameras, and monitors.


Hitek Global Inc.was founded in 1996 and is headquartered in Xiamen, China.

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1.b. Last Insights on HKIT

Hitek Global Inc.'s recent performance was driven by a strategic transition, as evidenced by its fiscal year 2024 financial results. The company's CEO, Ms. Xiaoyang Huang, highlighted the year as a period of transformation, suggesting a renewed focus on growth and expansion. Additionally, the company's recent announcement of a new partnership with a leading technology firm is expected to boost its consulting and solutions service offerings. Furthermore, Hitek Global's recent investment in AI-powered solutions is poised to enhance its competitive edge in the market. The company's commitment to innovation and strategic partnerships positions it for long-term success.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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Hitek Global Inc. Announces Fiscal Year 2024 Financial Results

Apr -29

Source: prnewswire.com

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Hitek Global Inc. Announces First Half of Fiscal Year 2024 Financial Results

Oct -28

Source: prnewswire.com

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Hitek Global Inc. Announces Fiscal Year 2023 Financial Results

Apr -09

Source: prnewswire.com

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HKIT and HOLO Stock: Speculators Are Sending 2 Penny Stocks to the Moon Today

Feb -08

Source: investorplace.com

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5 Investors Betting Big on Hitek Global (HKIT) Stock

Feb -08

Source: InvestorPlace

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Why Is Hitek Global (HKIT) Stock Up 518% Today?

Feb -08

Source: investorplace.com

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Hitek Global Inc. Announces First Half of Fiscal Year 2023 Financial Results

Nov -07

Source: prnewswire.com

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U.S. IPO Weekly Recap: Q1 IPO Market Wraps Up With 8 Foreign Issuers

Apr -03

Source: Seeking Alpha

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (10.47%)

6. Segments

Hardware

Expected Growth: 8.5%

Growing demand for data center infrastructure, increasing adoption of cloud computing, and rising need for high-performance computing in enterprise environments drive the growth of Hitek Global Inc.'s hardware segment.

Tax Devices and Service

Expected Growth: 12.4%

Growing demand for digital tax compliance solutions, increasing adoption of e-invoicing and e-filing, and rising need for efficient tax calculation are driving the growth of Tax Devices and Service from Hitek Global Inc.

Software

Expected Growth: 12.5%

Growing demand for operational efficiency and productivity solutions, increasing adoption of digital transformation, and rising need for businesses to stay competitive in the market drive the growth of Hitek Global Inc.'s software solutions.

7. Detailed Products

Cybersecurity Solutions

Comprehensive cybersecurity solutions to protect against threats and vulnerabilities

Cloud Services

Scalable and secure cloud infrastructure for businesses of all sizes

Data Analytics

Advanced data analytics solutions to drive business insights and decision-making

IT Consulting

Expert IT consulting services to optimize business operations and technology infrastructure

Digital Transformation

Comprehensive digital transformation services to drive business growth and innovation

Artificial Intelligence

AI-powered solutions to automate processes, improve efficiency, and drive innovation

Internet of Things (IoT)

IoT solutions to connect devices, collect data, and drive business insights

8. Hitek Global Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

Hitek Global Inc. has a moderate threat of substitutes due to the availability of alternative products in the market.

Bargaining Power Of Customers

Hitek Global Inc. has a high bargaining power of customers due to the concentration of buyers in the market.

Bargaining Power Of Suppliers

Hitek Global Inc. has a low bargaining power of suppliers due to the availability of multiple suppliers in the market.

Threat Of New Entrants

Hitek Global Inc. has a moderate threat of new entrants due to the moderate barriers to entry in the market.

Intensity Of Rivalry

Hitek Global Inc. has a high intensity of rivalry due to the high competition in the market.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 8.43%
Debt Cost 12.32%
Equity Weight 91.57%
Equity Cost 12.32%
WACC 12.32%
Leverage 9.21%

11. Quality Control: Hitek Global Inc. passed 3 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Perfect

A-Score: 5.5/10

Value: 5.2

Growth: 7.6

Quality: 8.0

Yield: 0.0

Momentum: 6.0

Volatility: 6.0

1-Year Total Return ->

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SYLA Technologies

A-Score: 5.3/10

Value: 7.5

Growth: 5.7

Quality: 5.4

Yield: 0.0

Momentum: 7.5

Volatility: 5.7

1-Year Total Return ->

View Full Report
Stock-Card
Hitek Global

A-Score: 4.5/10

Value: 7.0

Growth: 1.6

Quality: 4.8

Yield: 0.0

Momentum: 8.5

Volatility: 5.0

1-Year Total Return ->

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Stock-Card
Xiao-I

A-Score: 4.2/10

Value: 9.8

Growth: 4.7

Quality: 6.5

Yield: 0.0

Momentum: 2.5

Volatility: 2.0

1-Year Total Return ->

View Full Report
Stock-Card
TROOPS

A-Score: 3.6/10

Value: 6.8

Growth: 5.1

Quality: 4.1

Yield: 0.0

Momentum: 3.5

Volatility: 2.3

1-Year Total Return ->

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Stock-Card
MMTec

A-Score: 3.4/10

Value: 6.9

Growth: 4.9

Quality: 4.8

Yield: 0.0

Momentum: 0.5

Volatility: 3.3

1-Year Total Return ->

View Full Report

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

2.76$

Current Price

2.76$

Potential

-0.00%

Expected Cash-Flows