Biddance AI Systems, Inc
xmhitek.comWhat Do They Do?
Sells computer and network equipment to businesses, and provides tax-control services and embedded interface software to small and large companies in China.
20-F for FY2025, filed Apr 24, 2026We are an information technology (“IT”) consulting and solutions service provider focusing on delivering services to businesses in various…View ↗
Value added tax (“VAT”) reporting is mandatory for all business companies in China. The ACTCS is one of the two major VAT control systems…View ↗
As part of the services provided to large businesses, HiTek currently sells Communication Interface System (“CIS”), its self-developed…View ↗
We also generate revenue from our hardware sales, which includes sales of computer hardware such as (1) laptops, printers, desktop…View ↗
How Do They Make Money?
Businesses buy computer and network equipment, with the sale completed when ownership passes; software sales are completed when customers accept the software, while electronic tax-platform service fees are earned over the service agreement term.
20-F for FY2025, filed Apr 24, 2026Hardware and equipment sales consist primarily of (a) sale of computer and network equipment to end users across various industries, and…View ↗
Software contracts with customers include sale of perpetual license software, installation of software, operation training service and…View ↗
Since June 2024, the Company charges an annual service fee from customers who use the electronic tax control platform popularized by the…View ↗
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20-F for FY2025, filed Apr 24, 2026
FY2025 revenue by product or service ↗
$6.5M
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20-F for FY2025, filed Apr 24, 2026
$6.5M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Hardware and equipment sales
Sold outright
20-F for FY2025, filed Apr 24, 2026 |
94% |
Hardware and equipment sales, FY2025
$6.1M Sources
|
Sold outright |
|
Tax services
Recurring
|
4.1% |
Tax services, FY2025
$266.9K Sources
|
Recurring |
|
Software sales
Licensed
|
2.4% |
Software sales, FY2025
$155.1K Sources
|
Licensed |
Who Are Their Customers?
Serves small and medium businesses and large companies across industries in Xiamen. Hardware is sold through an online sales network and retail storefront; tax and IT services support small businesses, while large businesses buy hardware and software.
20-F for FY2025, filed Apr 24, 2026We are an information technology (“IT”) consulting and solutions service provider focusing on delivering services to businesses in various…View ↗
Complementing our physical service center, we started our developing online service platform in 2018 to enable businesses in the Xiamen…View ↗
We also generate revenue from our hardware sales, which includes sales of computer hardware such as (1) laptops, printers, desktop…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 3 cents of every revenue dollar as net income in FY2025.
20-F for FY2025, filed Apr 24, 2026
How Are They Changing?
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