Hitek Global Inc. · NASDAQ:HKIT
Hitek Global — IPO Roadshow (February 2023)
19 slides from Hitek Global's IPO roadshow presentation, Feb 10, 2023
Slide 1: Issuer Free Writing Prospectus dated February 9, 2023
Issuer Free Writing Prospectus dated February 9, 2023 Filed Pursuant to Rule 433 of the Securities Act of 1993, as amended Relating to Preliminary Prospectus dated January 17 , 2023 Registration Statement No. 333 - 228498
Slide 2: Free Writing Prospectus Statement
Free Writing Prospectus Statement This free writing prospectus relates to the proposed public offering of ordinary shares (“Ordinary Shares”) of Hitek Global Inc . (“we”, “us”, or “our”) and should be read together with the Registration Statement we filed with the Securities and Exchange Commission
Slide 3: Forward Looking Statement
Forward Looking Statement This presentation contains “forward - looking statements,” within the meaning of the Private Securities Litigation Reform Act of 1995 , all of which are subject to risks and uncertainties . Forward - looking statements give our current expectations or forecasts of future ev
Slide 4: Offering Summary
Offering Summary ( All terms stated herein are proposed terms ) Issuer Hitek Global Inc. Security O rdinary Shares Offering Type Initial Public Offering Proposed Listing/Symbol Nasdaq Capital Market - HKIT Ordinary Shares Offered 4,000,000 Ordinary Shares, or 4,600,000 Ordinary Shares if the over -
Slide 5: Investment Highlights
Investment Highlights 03 02 01 06 0 5 0 4 Established brand with existing government relationships First - mover advantage in a high barrier to entry industry Strong operating history and balance sheet Experienced management team with extensive technology experience Robust client base developed over
Slide 6: Company Overview
Company Overview We are an information technology (“IT”) consulting and solutions service provider focusing on delivering services to business in various industry sectors in China. We were incorporated and h eadquartered in Xiamen, China. Our vision is to become a one - stop consulting destination f
Slide 7: Services to Small & Medium Businesses
Services to Small & Medium Businesses x Authorized seller and market leader with respect to ACTCS tax device and services since 1996: • Golden Tax Disk (“GTD”) : an ACTCS device necessary for normal operation of ACTCS software. • Printers. x Authorized as one of the first ACTCS service providers in
Slide 8: Services to Large Businesses
Services to Large Businesses Software Sales: Communication Interface System (“CIS”) • CIS is our self - developed software which provides embedded system interface solutions for large businesses. • CIS is a universal embedded interface system used in petrochemical and coal businesses to collect indu
Slide 9: Market Opportunities
Market Opportunities Business enterprises in Xiamen metropolitan area. • 201,110 business enterprises in 2021 in Xiamen metropolitan area 1 Chinese IT Market will continue its growth. • Various factors together will provide good external environment for the rapid development of China’s software indu
Slide 10: Senior Management Team
Senior Management Team Xiaoyang Huang , Chief Executive Officer and Director • CEO since our inception • Chief Executive Officer of HiTek, the VIE entity, since 2000 • Bachelor’s degree of Agricultural Information from Nanjing Agricultural University • One - year accounting program in Renmin Univers
Slide 11: Board of Directors
Board of Directors Shenping Yin , Chairman of the Board • Chairman since our inception • CEO and a Director of Recon Technology, Ltd. (NASDAQ: RCON) since 2007 • Founder and CEO of Nanjing Recon in 2003, a Chinese company that provides services to automate and enhance the extraction of petroleum in
Slide 12: Financial Highlights
Financial Highlights $5,805 $6,461 $2,990 $2,859 $3,171 $3,880 $1,898 $1,840 $1,689 $1,669 $867 $638 $0 $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 $7,000 FY2020 FY2021 1H2021 Unaudited 1H2022 Unaudited Revenues, Gross Profit & Net Income Revenues Gross Profit Net Income USD In Thousands 12 54.6% 60.1
Slide 13: Financial Highlights: Revenue Breakdown
Financial Highlights 37.7% 31.8% 30.5% 13 40.7% 18.1% 2.4% 38.8% Revenue Breakdown FY2020 FY2021 See offering documents for further risks and disclosures. There is no guarantee that any specific outcome will be achieved. I nve stments may be speculative, illiquid and there is a risk of loss. Note: F
Slide 14: Business Strategies
Business Strategies Leveraging our existing ACTCS client base to deepen our relationship with our ACTCS clients and expanding our service and hardware sales offerings. Broadening our geographic coverage with our online service platform to become a full - service platform with national coverage. In t
Slide 15: Growth Plan
Growth P lan Online Agent Accounting Platforms • Intended to reach national market coverage • Serves the same function as an accountant, but with lower cost for customers and no restriction on distance • Saves our maintenance cost, labor cost, and future variable costs • Expects to earn revenue of R
Slide 16: Growth Plan
Growth P lan “WeChat Cloud Service Management System” • Transmuted our traditional offline service business into online services, resolving the shortcomings of traditional ACTCS service model • Integrates data received from different subsystems and platforms • Increase productivity and market compet
Slide 17: Competitive Strengths
Competitive Strengths Visionary Management Team Highly - Capable Employees • 3 full - time research and development professionals as of December 31, 2021 • Critical in resolving complex IT issues and advancing our IT service business • 71% of our employees held Bachelor’s degrees • 26% of our employ
Slide 18: Use of Proceeds
Use of Proceeds Use of N et P roceeds Research & D evelopment Approximately US$3,440,000 Recruit A dditional E mployees Approximately US$4,300,000 Enhance O ur I nformation T echnology S ystems Approximately US$6,010,000 General W orking C apital Approximately US$3,430,000 We plan to use the net pro
Slide 19: Hitek Global Inc. contact details
Hitek Global Inc. Tianyu Xia Chief Financial Officer Email: xiaty@xmhitek.com Tel: +86 - 592 - 5395967 Address: Unit 304, No. 30 Guanri Road, Siming District, Xiamen City, Fujian Province, People’s Republic of China Issuer: R.F. Lafferty & Co., Inc. Email: info@rflafferty.com Tel: +1 - 212 - 2939090