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HKIT on Nasdaq

Biddance AI Systems, Inc.

Biddance AI Systems, Inc. is a prepackaged software services company in the Cayman Islands.1 Its shares trade on Nasdaq under the symbol HKIT.1

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Last updated Oct 21, 2026.

Overview

$6.5MRevenue, fiscal 20252
$180.1KNet income, fiscal 20252

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  • TickerHKIT on Nasdaq1
  • IndustryServices-Prepackaged Software1
  • HeadquartersE91
  • Incorporated inCayman Islands3
  • Business addressUnit 304, No. 30 Guanri Road, Siming District, Xiamen, Fujian Province3
  • Filer categoryNon-accelerated filer, Emerging growth company3

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IPO, after deducting discounts, expense allowance, and expenses, were $13,523,140.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

10.6%Gross margin2
-27.4%Operating margin2
2.8%Net margin2
125.0%Revenue growth, 20252
0.5%Return on equity2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Hardware And Equipment Sales brought in 94% of the revenue Biddance AI Systems, Inc. broke down this way in fiscal 2025.

  1. Hardware And Equipment Sales$6.1M294%up 263% from 2024
  2. Tax Services$266.9K24%down 33% from 2024
  3. Software Sales$155.1K22%down 81% from 2024
Products and services by year
Products and services202320242025
Hardware And Equipment Sales$2.4M$1.7M$6.1M
Tax Services$1.4M$398.0K$266.9K
Software Sales$758.8K$823.7K$155.1K

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue89¢$5.8M
  • Other costs7¢$458.9K
  • Income tax1¢$51.4K
  • Profit3¢$180.1K

Out of $6.5M in revenue.2

Financial statements

Revenue56782$6.5M in 2025−5% since 2018
0$2.0M$4.0M$6.0M$8.0M2018: $6.9M$6.9M20182019: $6.9M$6.9M2019+0%2020: $5.8M$5.8M2020−16%2021: $6.5M$6.5M2021+11%2022: $6.4M$6.4M2022−1%2023: $4.6M$4.6M2023−29%2024: $2.9M$2.9M2024−36%2025: $6.5M$6.5M2025+125%
Gross profit567982$690.5K in 2025−82% since 2018
0$1.0M$2.0M$3.0M$4.0M2018: $3.9M$3.9M20182019: $3.7M$3.7M2019−3%2020: $3.2M$3.2M2020−15%2021: $3.9M$3.9M2021+22%2022: $3.5M$3.5M2022−9%2023: $1.9M$1.9M2023−46%2024: $1.0M$1.0M2024−48%2025: $690.5K$690.5K2025−31%
Operating income567982-$1.8M in 2025
-$2.0M0$2.0M$4.0M2018: $2.8M$2.8M20182019: $2.2M$2.2M2019−22%2020: $1.8M$1.8M2020−20%2021: $2.1M$2.1M2021+20%2022: $1.6M$1.6M2022−23%2023: $101.1K$101.1K2023−94%2024: -$1.7M-$1.7M20242025: -$1.8M-$1.8M2025+3%
Net income567982$180.1K in 2025−92% since 2018
-$1.0M0$1.0M$2.0M$3.0M2018: $2.2M$2.2M20182019: $2.0M$2.0M2019−9%2020: $1.7M$1.7M2020−16%2021: $1.7M$1.7M2021−1%2022: $1.4M$1.4M2022−15%2023: $1.0M$1.0M2023−26%2024: -$896.7K-$896.7K20242025: $180.1K$180.1K2025

Every line of the income statement as filed: the last 3 fiscal years, latest first.2

Period ending2025-12-312024-12-312023-12-31
Revenues$6.5M$2.9M$4.6M
Cost of revenues-$5.8M-$1.9M-$2.6M
Gross profit$690.5K$1.0M$1.9M
General and administrative$2.5M$2.8M$1.8M
Selling$4.5K$1.7K$648
Total operating expenses$2.5M$2.8M$1.8M
Operating (loss) income-$1.8M-$1.7M$101.1K
Government subsidies$569.9K
Net investment gain$1.4M$336.2K$330.6K
Interest income$843.3K$921.2K$911.9K
Interest expense-$308.9K-$313.9K-$313.9K
Deregistration cost-$104.1K
Other income (expense), net$2.7K$50.8K-$5.0K
Total other income, net$1.9M$890.2K$1.5M
Income (loss) before income taxes$128.7K-$856.9K$1.6M
Income tax (benefit) expense-$51.4K$39.7K$546.9K
Net income (loss)$180.1K-$896.7K$1.0M
Foreign currency translation gain (loss)$555.2K-$366.0K-$330.1K
Comprehensive income (loss)$735.4K-$1.3M$717.5K
Earnings (loss) per ordinary share, basic (in Dollars per share)$0.02-$0.11$0.13
Earnings (loss) per ordinary share, diluted (in Dollars per share)$0.02-$0.11$0.13
Weighted average number of ordinary shares outstanding, basic (in Shares)8.6M shares8.4M shares8.3M shares
Weighted average number of ordinary shares outstanding, diluted (in Shares)8.6M shares8.4M shares8.3M shares

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Corporate structure

Biddance AI Systems, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Biddance AI Systems, Inc.

  • Biddance AI Systems, Inc. E9

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Biddance AI Systems, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$2.5M2 Dec 31, 2025$2.4M2 Dec 31, 2024+4.4%
Accumulated depreciation$2.0M2 Dec 31, 2025$1.7M2 Dec 31, 2024+22.7%
Property and equipment, net$475.2K2 Dec 31, 2025$744.9K2 Dec 31, 2024−36.2%
Operating-lease assets (leased space)$475.2K2 Dec 31, 2025$744.9K2 Dec 31, 2024−36.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$3.6M2 Dec 31, 2025$7.2M2 Dec 31, 2024−50.1%
Marketable securities, current$18.0M2 Dec 31, 2025$22.9M2 Dec 31, 2024−21.3%
Deposits held (banks)$1.0M2 Dec 31, 2025

Inventory

ItemLatestA year beforeChange
Inventory, total$79.4K2 Dec 31, 2025$154.5K2 Dec 31, 2024−48.6%
Raw materials$97.4K2 Dec 31, 2025$171.2K2 Dec 31, 2024−43.1%

Leadership

Who has led Biddance AI Systems, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Xiaoyang Huang2026–now

Chief financial officer

  1. Tianyu Xia2026–now
Board members and other officers (4)

Former names

  • HiTek Global Inc.Jul 13, 2018 to Aug 14, 20263

Timeline

  1. Apr 30, 2026New chief executive Xiaoyang Huang becomes CEO11

Filings

113 filings to the SEC since October 2021: 6 annual reports, 9 insider forms, 20 large holders, 78 other. The latest 20:

  1. Oct 8, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  2. Sep 1, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  3. Aug 14, 2026SCHEDULE 13G/A EDGAR
  4. Aug 6, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  5. Jul 31, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  6. Jul 1, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  7. Jun 29, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  8. Jun 5, 2026SCHEDULE 13G EDGAR
  9. Jun 4, 20264 PRIMARY DOCUMENT EDGAR
  10. Jun 4, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  11. Jun 3, 2026424B5 PROSPECTUS SUPPLEMENT EDGAR
  12. Jun 2, 20263 PRIMARY DOCUMENT EDGAR
  13. May 26, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  14. Apr 30, 20263 EDGAR
  15. Apr 30, 20263 EDGAR
  16. Apr 30, 20263 EDGAR
  17. Apr 30, 20263 EDGAR
  18. Apr 30, 20263 EDGAR
  19. Apr 30, 20263 EDGAR
  20. Apr 30, 20263 EDGAR

The 113 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

3 open-market trades by officers, directors and large owners since October 2021: 1 buys and 2 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 4, 2026JANE STREET GROUP, LLC10% ownerSale169,820$0.33$56.0KForm 4
Jun 2, 2026JANE STREET GROUP, LLC10% ownerBuy1,093$1.74$1.9KForm 4
Jun 2, 2026JANE STREET GROUP, LLC10% ownerSale2,611$1.72$4.5KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Biddance AI Systems, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARBiddance AI Systems, Inc.1
  • CIK0001742341
  • Filer statusNon-accelerated filer an emerging growth company; not a shell company4
  • Incorporated inCayman Islands4
  • Fiscal year endsDecember 311
  • Industry code (SIC)7372 Services-Prepackaged Software1
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance1
  • Business addressUnit 304, No. 30 Guanri Road, Siming District, Xiamen, Fujian Province, China1
  • Phone86-571822137721
  • Shares outstanding21,107,364 Common Class A shares; 8,192,000 Common Class B shares as of Dec 31, 20254
  • AuditorWei, Wei & Co., LLP, Flushing, New York PCAOB ID 2388; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceJul 13, 20181
  • Filings163 in all: 6-K (30), POS AM (19), CORRESP (15), F-1/A (14), UPLOAD (11), SCHEDULE 13G (10), SCHEDULE 13G/A (9), 3 (8)1
    All 31 form types

    20-F (7), 424B5 (6), EFFECT (6), 144 (5), 424B3 (2), 8-A12B (2), F-1 (2), F-3 (2), 20-F/A (1), 4 (1), 424B1 (1), 424B4 (1), CERT (1), DEL AM (1), DRS (1), DRS/A (1), DRSLTR (1), F-3/A (1), FWP (1), NT 20-F (1), RW (1), S-8 (1), SC 13G (1)

  • Latest filingsAnnual report (20-F) Apr 24, 2026

Securities registered for trading

ClassSymbolExchange
Class A Ordinary Shares, par value US$0.005 per shareHKITNasdaq

From the cover page of the 20-F filed Apr 24, 2026 (Section 12(b) of the Exchange Act).4

Sources

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