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Complete financial analysis of Kaixin Auto Holdings (KXIN) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Kaixin Auto Holdings, a leading company in the Auto – Dealerships industry within the Consumer Cyclical sector.
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Kaixin Auto Holdings (KXIN)
About Kaixin Auto Holdings
Kaixin Auto Holdings primarily engages in the sale of domestic and imported automobiles in the People's Republic of China. It focuses on automobiles brands, such as Audi, BMW, Mercedes-Benz, Land Rover, Bentley, Rolls-Royce, and Porsche. As of December 31, 2021, the company had 14 used car dealerships covering 14 cities in 12 provinces in China. It also provides financing channels to customers and other in-network dealers through partnerships with financial institutions. Kaixin Auto Holdings is headquartered in Beijing, the People's Republic of China.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|
| Revenue | 31.54M | 82.84M | 253.84M | 33.16M | 334.70M | 431.40M | 0.00 |
| Cost of Revenue | 31.19M | 82.19M | 248.58M | 32.16M | 340.17M | 413.97M | 85.81K |
| Gross Profit | 342.00K | 646.00K | 5.26M | 1.00M | -5.48M | 17.43M | -85.81K |
| Gross Profit Ratio | 1.08% | 0.78% | 2.07% | 3.02% | -1.64% | 4.04% | 0.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 757.00K | 3.36M | 4.42M | 0.00 |
| General & Administrative | 18.01M | 46.49M | 43.73M | 6.83M | 36.15M | 23.01M | 0.00 |
| Selling & Marketing | 3.31M | 2.10M | 481.00K | 2.59M | 14.36M | 24.08M | 0.00 |
| SG&A | 21.33M | 48.59M | 44.22M | 9.42M | 50.51M | 47.09M | 85.81K |
| Other Expenses | 0.00 | 15.13M | 11.14M | 3.51M | 840.00K | -50.32M | 0.00 |
| Operating Expenses | 21.33M | 63.72M | 55.36M | 10.18M | 53.87M | 51.51M | 85.81K |
| Cost & Expenses | 52.52M | 145.91M | 303.94M | 42.34M | 394.04M | 465.48M | 85.81K |
| Interest Income | 0.00 | 1.03M | 245.00K | 5.00K | 69.00K | 575.00K | 423.06K |
| Interest Expense | 525.00K | 1.03M | 245.00K | 1.18M | 4.06M | 4.26M | 423.06K |
| Depreciation & Amortization | 2.48M | 1.68M | 787.00K | 168.00K | 168.00K | 161.00K | 52.52K |
| EBITDA | -50.78M | -81.83M | -195.63M | 3.00K | -133.00K | -83.65M | 337.25K |
| EBITDA Ratio | -161.01% | -73.23% | -19.43% | -16.96% | -17.46% | -19.43% | 0.00% |
| Operating Income | -20.98M | -63.07M | -50.10M | -9.18M | -133.43M | -34.08M | -85.81K |
| Operating Income Ratio | -66.54% | -76.14% | -19.74% | -27.67% | -39.87% | -7.90% | 0.00% |
| Total Other Income/Expenses | -32.80M | -21.47M | -14.04M | 110.00K | -70.85M | -54.00M | 423.06K |
| Income Before Tax | -53.78M | -84.55M | -196.66M | -6.85M | -70.99M | -88.08M | 337.25K |
| Income Before Tax Ratio | -170.55% | -102.06% | -77.47% | -20.65% | -21.21% | -20.42% | 0.00% |
| Income Tax Expense | -228.00K | 74.00K | -729.00K | -1.53M | -1.92M | 862.00K | -846.11K |
| Net Income | -53.56M | -84.62M | -195.93M | -5.32M | -69.07M | -88.62M | 337.25K |
| Net Income Ratio | -169.85% | -102.15% | -77.19% | -16.04% | -20.64% | -20.54% | 0.00% |
| EPS | -2.34 | -6.34 | -25.69 | -1.08 | -13.99 | -33.67 | 0.13 |
| EPS Diluted | -2.34 | -6.34 | -25.69 | -1.08 | -13.99 | -33.67 | 0.13 |
| Weighted Avg Shares Out | 22.88M | 13.34M | 7.63M | 4.94M | 4.94M | 2.63M | 2.63M |
| Weighted Avg Shares Out (Dil) | 22.88M | 13.34M | 7.63M | 4.94M | 4.94M | 2.63M | 2.63M |
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BEIJING, May 12, 2021 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced that Mr. Joseph Chen has resigned from Kaixin's board of directors (the “Board”), with effect from May 9, 2021, in order to...
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BEIJING, May 07, 2021 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced the results of the extraordinary shareholders' meeting held on May 7, 2021. All agenda items presented at the meeting were approved by the...
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BEIJING, April 12, 2021 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced that Haitaoche Limited (“Haitaoche”) has signed into a cooperation agreement (“Cooperation Agreement”) with Jingdong Century Trade Limited (“Jingdong”), a leading online retail...
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BEIJING, April 06, 2021 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced that it has entered into a definitive securities purchase agreement (the “Purchase Agreement”) with Renren Inc., a 72% shareholder of the Company...
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