See more : Virgin Orbit Holdings, Inc. (VORB) Income Statement Analysis – Financial Results
Complete financial analysis of Kandi Technologies Group, Inc. (KNDI) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Kandi Technologies Group, Inc., a leading company in the Auto – Parts industry within the Consumer Cyclical sector.
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Kandi Technologies Group, Inc. (KNDI)
About Kandi Technologies Group, Inc.
Kandi Technologies Group, Inc. designs, develops, manufactures, and commercializes electric vehicle (EV) products and parts, and off-road vehicles in the People's Republic of China and internationally. It offers off-road vehicles, including all-terrain vehicles, utility vehicles, go-karts, electric scooters, and electric self-balancing scooters, as well as related parts; and EV parts comprising battery packs, body parts, EV controllers, air conditioning units, and other auto parts. The company was formerly known as Kandi Technologies, Corp. and changed its name to Kandi Technologies Group, Inc. in December 2012. Kandi Technologies Group, Inc. was founded in 2002 and is headquartered in Jinhua, the People's Republic of China.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 123.60M | 117.81M | 91.49M | 76.92M | 135.74M | 112.44M | 102.81M | 129.49M | 201.07M | 170.23M | 94.54M | 64.51M | 40.18M | 42.88M | 33.83M | 40.51M | 34.70M | 0.00 | 0.00 | 0.00 |
| Cost of Revenue | 82.23M | 98.30M | 75.24M | 63.43M | 110.31M | 92.19M | 88.46M | 111.77M | 172.65M | 146.83M | 72.79M | 51.62M | 30.96M | 33.26M | 25.61M | 30.92M | 27.24M | 0.00 | 0.00 | 0.00 |
| Gross Profit | 41.37M | 19.52M | 16.25M | 13.49M | 25.43M | 20.25M | 14.34M | 17.72M | 28.42M | 23.40M | 21.74M | 12.89M | 9.21M | 9.62M | 8.21M | 9.59M | 7.47M | 0.00 | 0.00 | 0.00 |
| Gross Profit Ratio | 33.47% | 16.57% | 17.76% | 17.53% | 18.73% | 18.01% | 13.95% | 13.69% | 14.13% | 13.75% | 23.00% | 19.99% | 22.93% | 22.44% | 24.28% | 23.68% | 21.52% | 0.00% | 0.00% | 0.00% |
| Research & Development | 4.27M | 6.03M | 38.97M | 7.25M | 6.21M | 10.08M | 27.63M | 26.50M | 3.48M | 2.76M | 3.73M | 2.88M | 2.30M | 1.91M | 2.34M | 839.99K | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 35.38M | 32.33M | 19.61M | 13.04M | 14.24M | 8.61M | 11.33M | 20.67M | 28.26M | 14.06M | 16.06M | 4.25M | 3.46M | 3.37M | 2.57M | 1.84M | 1.99K | 1.99K | 0.00 | 0.00 |
| Selling & Marketing | 13.34M | 5.50M | 4.74M | 6.62M | 4.07M | 3.19M | 1.47M | 1.57M | 633.86K | 1.35M | 399.50K | 455.98K | 414.26K | 1.12M | 1.02M | 477.41K | 2.28M | 4.15K | 0.00 | 0.00 |
| SG&A | 48.72M | 37.83M | 24.34M | 19.66M | 18.31M | 11.80M | 12.80M | 22.23M | 28.89M | 15.40M | 16.46M | 4.71M | 3.87M | 4.49M | 3.60M | 2.31M | 2.28M | 6.14K | 4.31K | 23.50K |
| Other Expenses | 1.44M | -1.64M | -1.23M | -1.13M | -792.63K | 956.84K | 123.93K | 1.63M | 1.81M | -34.65K | 676.26K | 332.94K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 46.00K | 0.00 |
| Operating Expenses | 54.42M | 42.22M | 62.08M | 25.78M | 23.73M | 4.10M | 34.51M | 22.82M | 30.73M | 17.87M | 19.96M | 7.45M | 6.18M | 6.40M | 5.94M | 3.15M | 2.28M | 6.14K | 50.31K | 23.50K |
| Cost & Expenses | 136.65M | 140.51M | 137.32M | 89.21M | 134.04M | 96.29M | 122.97M | 134.59M | 203.38M | 164.70M | 92.75M | 59.07M | 37.14M | 39.66M | 31.55M | 34.07M | 29.51M | 6.14K | 50.31K | 23.50K |
| Interest Income | 9.98M | 6.43M | 4.21M | 2.19M | 791.89K | 1.32M | 2.27M | 2.96M | 3.14M | 1.70M | 1.52M | 2.66M | 2.20M | 769.94K | 333.65K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 1.33M | 707.49K | 407.62K | 3.75M | 4.82M | 1.87M | 2.28M | 1.83M | 2.21M | 3.48M | 4.40M | 2.78M | 1.95M | 2.92M | 1.81M | 2.02M | 1.21M | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 11.91M | 12.25M | 9.64M | 7.62M | 8.17M | 4.17M | 4.45M | 4.53M | 5.79M | 5.57M | 7.71M | 4.98M | 4.70M | 4.71M | 3.44M | 1.98M | 1.45M | 0.00 | 0.00 | 0.00 |
| EBITDA | 16.71M | -379.32K | 41.85M | -5.28M | 909.54K | 26.00M | -21.30M | 7.84M | 1.84M | 10.82M | -7.44M | 15.59M | 16.31M | 7.09M | 6.54M | 8.60M | 7.32M | 2.86M | -50.31K | -23.50K |
| EBITDA Ratio | 13.52% | -0.90% | -32.10% | -22.20% | -10.45% | 4.33% | -23.88% | -2.28% | 10.08% | 10.11% | 9.74% | 20.68% | 24.59% | 20.30% | 17.87% | 20.77% | 17.20% | 0.00% | 0.00% | 0.00% |
| Operating Income | -13.05M | -22.70M | -45.83M | -12.29M | 1.70M | -1.64M | -26.08M | -31.02M | -3.95M | 5.24M | 1.56M | 5.31M | 3.04M | 3.22M | 2.28M | 6.44M | 5.19M | -6.14K | -50.31K | -23.50K |
| Operating Income Ratio | -10.56% | -19.27% | -50.10% | -15.98% | 1.25% | -1.46% | -25.37% | -23.95% | -1.97% | 3.08% | 1.65% | 8.23% | 7.56% | 7.51% | 6.73% | 15.90% | 14.95% | 0.00% | 0.00% | 0.00% |
| Total Other Income/Expenses | 16.52M | 14.34M | 27.87M | -16.20M | -8.79M | 3.71M | -5.53M | 25.19M | 24.75M | 9.44M | -21.10M | 2.26M | 6.63M | -3.77M | -989.18K | -1.84M | -222.28K | 1.08M | 0.00 | 0.00 |
| Income Before Tax | 3.47M | -13.34M | 29.21M | -15.44M | -7.88M | 2.08M | -31.61M | -5.83M | 20.79M | 14.69M | -19.55M | 7.57M | 9.67M | -545.73K | 1.29M | 4.60M | 4.66M | 0.00 | 0.00 | 0.00 |
| Income Before Tax Ratio | 2.81% | -11.32% | 31.93% | -20.07% | -5.81% | 1.85% | -30.75% | -4.50% | 10.34% | 8.63% | -20.68% | 11.74% | 24.06% | -1.27% | 3.81% | 11.36% | 13.42% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 1.80M | -487.51K | 6.35M | -5.05M | -692.26K | 7.77M | -3.26M | 681.55K | 6.13M | 2.41M | 1.59M | 1.52M | 551.06K | 405.71K | 287.58K | 9.61K | -372.51K | 6.14K | 50.31K | 23.50K |
| Net Income | 7.13K | -12.85M | 22.86M | -10.39M | -7.19M | -5.69M | -28.35M | -6.51M | 14.67M | 12.27M | -21.14M | 6.05M | 9.11M | -951.44K | 999.80K | 4.92M | 5.03M | -6.14K | -50.31K | -23.50K |
| Net Income Ratio | 0.01% | -10.91% | 24.99% | -13.51% | -5.30% | -5.06% | -27.57% | -5.03% | 7.29% | 7.21% | -22.36% | 9.38% | 22.69% | -2.22% | 2.96% | 12.15% | 14.49% | 0.00% | 0.00% | 0.00% |
| EPS | 0.00 | -0.17 | 0.30 | -0.19 | -0.14 | -0.11 | -0.59 | -0.14 | 0.31 | 0.29 | -0.61 | 0.21 | 0.33 | -0.04 | 0.05 | 0.25 | 0.31 | 0.00 | 0.00 | 0.00 |
| EPS Diluted | 0.00 | -0.17 | 0.30 | -0.19 | -0.14 | -0.11 | -0.59 | -0.14 | 0.31 | 0.29 | -0.61 | 0.20 | 0.32 | -0.04 | 0.05 | 0.25 | 0.31 | 0.00 | 0.00 | 0.00 |
| Weighted Avg Shares Out | 78.78M | 75.57M | 76.15M | 55.96M | 52.34M | 51.19M | 47.94M | 46.51M | 46.74M | 42.58M | 34.66M | 29.44M | 27.44M | 22.17M | 19.96M | 19.96M | 16.06M | 19.96M | 23.00M | 23.00M |
| Weighted Avg Shares Out (Dil) | 79.90M | 75.57M | 76.15M | 55.96M | 52.34M | 51.19M | 47.94M | 47.45M | 46.93M | 42.72M | 34.71M | 29.68M | 28.74M | 22.17M | 21.48M | 19.96M | 16.06M | 27.96M | 23.00M | 23.00M |
Kandi Technologies: On The Way To Margin Recovery
The company continues to show revenue growth in key markets. Increasing share of the Off-road vehicles segment and rising economies of scale continue to support business margins.
My Kandi (KNDI) Stock Price Prediction for 2025
Could China-based electric vehicle (EV) manufacturer Kandi Technologies (NASDAQ: KNDI ) be a hidden gem in your portfolio for the next three years? It's worth considering, as KNDI stock is low now and has been much higher.
Kandi Technologies Announces CEO Transition
--Mr. Xiaoming Hu Hands CEO Role to Dr. Xueqin Dong-- --Mr. Hu Remains Board Chair and Large Shareholder-- JINHUA, CHINA, Jan. 11, 2023 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), today announced...
Kandi Technologies Receives Letter of Intent from Coleman Powersports to Purchase 4,800 Crossover Golf Carts in the First Quarter 2023
JINHUA, CHINA, Dec. 19, 2022 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), today announced that its wholly owned subsidiary SC Autosports has received a letter of intent from Coleman Powersports to purchase...
Kandi Technologies Produces 10,000th Crossover Electric Golf Cart
JINHUA, CHINA, Nov. 28, 2022 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), today announced that it has produced and shipped its 10,000th “crossover” electric golf cart at its production facility in Hainan,...
Kandi Technologies Group, Inc. (KNDI) Q3 2022 Earnings Call Transcript
Kandi Technologies Group, Inc. (NASDAQ:KNDI ) Q3 2022 Earnings Conference Call November 8, 2022 8:00 AM ET Company Participants Kewa Luo – Manager-Investor Relations Hu Xiao Ming – President and Chief Executive Officer Conference Call Participants Harold Gaboury – Private...
Kandi Technologies Reports Third Quarter 2022 Financial Results
- Steady Growth in Off-road Vehicles
Kandi Technologies: Internationalization Would Justify Higher Valuation
Kandi Technologies Group develops, manufactures, and commercializes electric vehicles, power electric motors, and lithium batteries among other items for the auto industry. It is worth considering that there is already a direct distributor of Kandi Technologies Group products in the...
7 Electric Vehicle Stocks to Sell Now
Investors who bought high-growth investments such as electric vehicle stocks after Covid 19 saw their investments soar. However, as growth stocks fell out of favor with investors, they crumbled the most in the bear market this year.
After Plunging 15.8% in 4 Weeks, Here's Why the Trend Might Reverse for Kandi Tech (KNDI)
Kandi Tech (KNDI) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
Source: https://incomestatements.info
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