ZKTeco IPO Filing, $190 Million Planned Raise

Executive *******

******'* **** ******* *** ~$250 ******* *** *** net ****** ******* **** 11% *** ****** ****** growth ** ~**%.

**** *** (*** ***-**** ***** ******) ***** ** ***** ~$190 *******, *** ******* use ** *** ************ of * ********* - 2 ****** ** ***** and * ******* *** Georgia, ***.

**** **** ** **** on *** ******** ***** exchange ***, ***** ** did *** **** *** claims ***** ******* ****** capitalization, ***** ***** ***** profits *** ******, *** comparable ***** ****** ***************, the ******* ********* ** would ****** ** $* billion ***, **** $* billion *** ********* ********, depending ** ****** **********.

ZKTeco **********

**********-******** ******* **** **** to **** *** *** formally *********** ** ****. They *** ************* ** Dongguan, ********* ********, ********* 3,688 ********* ** ** June ****. ******* **** and **** ****, ****** cut ~*** *********. **** cut *** ****** **** domestic *********, ** *** overseas ******** ***** *** doubled **** ~*** ** 450 ****** ******* **** and **** ****.

******'************ ** **** ** subsidiaries *** ** ***** branches ** *****, ** well ** ** ************ overseas (********* **** ****, Macau, *** ******) ** of **** ****. ************ ******'* ******** ***************. It *** ** ***** one ***** ****** ** each ********* ****** *** Australia.

Raising $** ******* *** ** ***** ** *******

****** ***** ** ***** ~$25 ******* *** ** build * ******* ** suburban *******, ******* ** the **** * ** 4 *****. **** ** where ****** ***'* ****** is *******, *** ****** plans ** ****** *** current ******/********* **** * factory. **** ** ********** as ** ***** ******** security ************ *** * US *******. ****** ***** to ***** * ******* in *** ** ** make "****-***" ******** ******** for *** ** ******, saying:

** ***** **enter *** ****-*** ** ****** ** ********** ******** ************* in the context of the return of US manufacturing. Through the production of mid-to-high-end biometric products, it meets the market needs of high-end customers, increases market share, and enhances the company's comprehensive competitiveness. This project is mainly ******* ** *** ********** *** *********** ** ****** *******, ** *****, ********** ******** *** ******** ********** ********. [emphasis added]

***** **** ******** *** US ******, ****** **** says ************ * ** factory **** **** ********* capacity ** *** ***** factories *** ******** ********** for ********** *** ******** to ********* ******* ** mainland *****:

*** ********** ******** ** the *******'* ******** ********** workshops *** **** ********* saturated, *** **** *** continuous ********* ** ***** in ******** *******, *** timeliness *** ******* ************ of ******* ******** *** getting ****** *** ******. The ************ ** * manufacturing ***** ** *** United ****** ** * strategic ******** **** ** the *******'* ************* ****** development ***** *** *** own ****** *********** ****.

ZKTeco ***, *** ** * ********** ** ****** *****

*** ****** ***** **** ZKTeco *** ** * subsidiary ** ****** *****. ZKTeco *** ** **% owned ** ****** **********, Inc., **% ******** *****(********* ** ****** ***), and **% ********** "*****" ****(*** ** ****** ***).

****** **********, ***. ** 100% ***** ** ****** Hong ****, * ********** wholly ***** ** ****** China. ****** **********, ***. is ****** *****'* **** operating ****** ** *** United ******, **** *** prospectus. *** ********, *** CEO ** ****** *****, is ****** ** *** CEO ** ****** **********, Inc.

USA ******* ****** ***

******'* *** *** ******* surged ** ** ****, at ~$* ******* ***** for *** ~** ******** subsidiary ** *** ******** to **** **** **** net ******* ** ~$***,***, according ** *** ******. Subsidiary ******* *** *** disclosed.

****** ********* **** *** fever ********* ******** **** very ******* ** ***** America *** ******, ***** is ********** **** ****** USA's ******* ** **** profits.

Revenue ****** ****-****, ******** ******** ** *****-**

****** ******** ~$***.* ******* USD ** ******* ** H1 ****, ***** ** just ***** **% ** its **** ****** ******* ($250 ******* ***).

******* **** ~*% *** from **** ** ****, while ** **** ~**% YoY **** **** ** 2018. *** ******* *** not ******** ** ******* what ******'* **** ****** revenue **** **.

** *** **********, ****** wrote **** *** ******* was ******** ******** ** the *****-** ******** ** demand *** *****-***** ******** decreased ************ ** *** beginning ** *** ****. However, ****** **** ***** that **** **** **** to ****** **** ******* losses ** ******* ******* out ***-*****-***** ************** ******** that ****** ** ****** recognition ************** ********* ********.

Competitor ******* **********

$*** ******* *** * biometric / ****** ******* company ** ***** *****. For *******, ** ****** was * ***** ************ manufacturer, * *** ****** market, **** ***** ** the *** ******* ** China, **** ****** *********, Dahua, *** *******.

** ****** *******, *** companies ******** ******** **** revenue **** ******. ** course, ********* **** **** Abloy **** *** **** in ****** ******* ***, compared ** ***** ********** access ******* *********, *.*., Mercury, ******'* $*** ******* annual ******* ** ***** sizeable.

Profit ***** **% **** **** ** ****

****** ******** ~$** ******* USD ** ******* ** H1 ****, ***** ** on **** ** ** significantly ****** **** **** (with **% ** *** total **** ****** ****** already ** **):

******* **** **% *** from **** ** ****, up **** **% *** in ****. **** ** significant ****** ****** **** the **** *** *****, especially ** *** ******* is **+ *****.

** **** ******* ** less **** **% ** 2019 *******, *** ******* for *** **** ****** is ***** **% ** 2019 *******. **, ***** COVID-19 *** ******** ******'* revenue ********, ** *** been **** ** **** profits **, ****** *** to *** ***** ** high ****** *********** ********* products, ** ***** ** the **********.

Product *********: * ***** **********

****** ********* *** ******** into * ***** **********:

• ***** ********: ******** *** checks *** ******** ******* hardware **** ***** ********* data (****** ************, **********, vein **********, ****** *****, and ****** ***********).
• ***** ******** *******: ******** that ******** ****** ** entrances *** *****, ********* turnstiles, ***** *********, ***** locks, ******* ****** ******** bars, *** ******** *******.
• ***** ******: ******** ********* biometric **** ***** *** POS ********.

*** ******** ** ******'* revenue ***** **** ******* access *******. **** **% of ******'* ** **** revenue **** **** ***** Entrance ******* ***** (****** control). **** ********** *** been ****** ***** ****. Smart ******** ******* ***** have **** ********* ** rise ** * ********** of ***** *****, ***** Smart ****** ***** **** decreased ** * ******* of *** *****.

ZKTeco ******** ****** ** ********* ****** **** ******** ****

******'* ******** **** **** onwards *** ******* ****** creating "*****" *********, ****** than **** ******** ********** hardware *** ********** *********, which *** ******'* **** strategy **** ****-**** *** 2012-2019 ************. ****** ****** in *** ********** ***** its ***** ********* ********:

****** **** *** *** core ********* ** ********** to ******* **** ******** vision *** *** ********** to ****** *** ***** smart *** ******* ************** solutions.

** ******* **** ************* solutions, ****** ****** * number ** ******** ********* with **** **** ********* access ******* *** ***** office ******** ***** ********* biometric ****. *** *******,*-***** ******** ****** ********* ******** and ****** ******* ******* biometric **************.******* *.*, ***** *****, ** a ***-***** ******** ******** specifically "******* *** ***** of *** ******** ******" as ** *** ******* and ****** ********* ******** across **** ******** *********.

High ******* (~**%) *** ******* ** ******** ***** *****

****** ******** ******* ***** margins ** **.**% ** H1 **** *** **.**% gross ******* ** ****, which *** ** ***** 6 ********** ****** **** 2017. *******, ******'* ***** margins ******* ** ******** China **** **** ************ higher, ** **.**% ** H1 **** *** **.**% in ****. ** ********, mainland *****'* ***** ******* are **** ****** ~**-**% for *** **** *** years.

******'* ************ **** ***** margins *** ******** ***** in ** **** *** be ********* ** *** sales ** ****-****** *********** detection ******** ****** *** COVID-19 ********, **** ******. Its *********** ********* ******** were ************ ******* ** Europe *** ***** *******. Comparatively, ******** ***** *** the ******** ***** ******* faster, ** ****** *** temperature ********* ******* **** out ******.

Majority ** ***** ***** ******* ******** *****

******** ****** *** *********** Mainland ***** ********** **** a ****** ****** ** nearly *** ***** *********, the ******** ** *** revenue ***** **** ***** in ******* ******* ** Mainland *****, * ****** of ******'* "****** *******" to ****** ********. ** H1 ****, **% ** its ******* **** **** outside ** ******** *****. However, **** ************* ** sales **** ******* ******** China ** *** * recent ***********. **** ** 2017, ******'* ******* *** split **-** ******* ******** China *** ******* ** Mainland *****.

****** **** **** *** consistently ********** ******** ******* is * ****** ** active ******* **** ** the ******* ** ****** into ******** *******. *** prospectus ****** **** * large ******* ** ***** overseas ***** ** ** "India, ******, *********, *** other ********** *********," *** did *** ******* ** exact **********.

Shareholder *********

******'* ************ ******* * controlling *********** ****** "********* Shidai" (********** ** *** founder *** ******) *** 8 ******* ********.

********* ********** **.**% ** *** ZKTeco ****** *** ** an ********** ******* ***** by *** ******** (**.**%) and *** ********* (**.**%). Che ******** **** **** an ********** **.*% ** all ****** ****** ** top ** *** ****** through ********* ******.

***** ******* ************ (*%+) include:

• ******** ****** 精英士君 (*.**%): an ********** ******* **** for *** ********** ** ZKTeco.
• ******** **** (*.**%): ** investment ******* **** *** top ********** ** ******.
• ***** *********** (*.**%): ** investment ******* ***** ** the *** ****** *** a ********. ************, **.**% by *** *** (*** Quanhong's ******), *.**% ** Che ********, *** *.**% by ** ****, *** Quanhong's ******.

Main ********* *** ******* ************

******'* ***** *** *** concentrated ****** **** * few *********. ** ** 2020, *** *** * customers **** ********* *** 8.79% ** ***** *****. Between ****-****, *** *** 5 ********* ********* ********* for **-**% ** ***** sales. *** ***** ********* are *** ***** ***** or ******** ************. *** listed ******** ************ ******* companies **** ********, *****, Indonesia, ******, ** **** as ******'* *** ********** in ***** ****** *** South ******.

**************************

***** ***** ********* **** not **** ** ********** expanding ** ****** ******* as **** **** ** video ************, ** ****** can ***** ****** $*** million, **** **** ** opportunity ** ****** ************* throughout *** ***** *** challenge ********* ******* ****** control *********.

[******]

** ***** **, ****, ZKTeco *** *** ******** decided ** *********** ******* the ******* *******. *** reason ***** ** *** Shenzhen ***** ******** *** so **** *** "****** and ******* *** **** to ****** ***** ********* information." ********** * ******* is * ****** ******* situation ** **** ********* can *** ** **** recent ********* *********** ** their ******* *******. ** is ******* **** ****** will ******** *** *******. IPVM **** ******* ******'* IPO ******** *** ****** accordingly.

Vote / ****