Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Kandi Technologies Group, Inc.    KNDI

KANDI TECHNOLOGIES GROUP, INC.

(KNDI)
  Report
SummaryQuotesChartsNewsCalendarCompanyFinancials 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

KANDI TECHNOLOGIES : Management's Discussion and Analysis of Financial Condition and Results of Operations. (form 10-Q)

share with twitter share with LinkedIn share with facebook
06/05/2020 | 08:27am EDT
This report contains forward-looking statements within the meaning of the
federal securities laws that relate to future events or our future financial
performance. In some cases, you can identify forward-looking statements by
terminologies, such as "may," "will," "should," "could," "expect," "plan,"
"anticipate," "believe," "estimate," "project," "predict," "intend," "potential"
or "continue" or the negative of such terms or other comparable terminologies,
although not all forward-looking statements contain such terms.



In addition, these forward-looking statements include, but are not limited to,
statements regarding implementing our business strategy; development and
marketing of our products; our estimates of future revenue and profitability;
our expectations regarding future expenses, including research and development,
sales and marketing, manufacturing and general and administrative expenses;
difficulty or inability to raise additional financing, if needed, on terms
acceptable to us; our estimates regarding our capital requirements and our needs
for additional financing; attracting and retaining customers and employees;
sources of revenue and anticipated revenue; and competition in our market.



Forward-looking statements are only predictions. Although we believe that the
expectations reflected in these forward-looking statements are reasonable, we
cannot guarantee future results, levels of activity, performance or
achievements. All of our forward-looking information is subject to risks and
uncertainties that could cause actual results to differ materially from the
results expected. Although it is not possible to identify all factors, these
risks and uncertainties include the risk factors and the timing of any of those
risk factors described in the 2019 Form 10-K and those set forth from time to
time in our other filings with the SEC. These documents are available on the
SEC's Electronic Data Gathering and Analysis Retrieval System at
http://www.sec.gov.



Critical Accounting Policies and Estimates




The preparation of the condensed consolidated financial statements in conformity
with U.S. GAAP requires us to make estimates and assumptions that affect the
reported amounts of assets and liabilities and disclosure of contingent assets
and liabilities, as of the date of the financial statements, and the reported
amounts of revenue and expenses during the reported period. If these estimates
differ significantly from actual results, the impact to the condensed
consolidated financial statements may be material. There have been no material
changes in our critical accounting policies and estimates from those disclosed
in on the 2019 Form 10-K. Please refer to Part II, Item 7 of such a report for a
discussion of our critical accounting policies and estimates.



Overview



We are one of the leading manufacturers of EV products (through Kandi Hainan and
the Affiliate Company), EV parts and off-road vehicles in China. For the three
months ended March 31, 2020, we recognized total revenue of $6,372,424 as
compared to $18,068,460 for the three months ended March 31, 2019, a decrease of
$11,696,036 or 64.7%. For the three months ended March 31, 2020, we recorded
$1,167,259 of gross profit, a decrease of 62.8% from the same quarter of 2019.
Gross margin for the three months ended March 31, 2020 was 18.3%, compared to
17.4% for the same quarter of 2019. We recorded a net loss of $1,574,646 for the
three months ended March 31, 2020, compared to a net loss of $4,409,472 in the
same quarter of 2019, a decrease in net loss of $2,834,826 or 64.3%.



The spread of COVID-19 around China and other parts of the world in the first
quarter of 2020 has caused significant volatility in the markets of China, U.S.,
and the rest of the world. The pandemic has resulted in quarantines, travel
restrictions, and the temporary closure of stores and facilities in China and
elsewhere. Although the Company's operations in China has fully resumed in early
March 2020, the COVID-19 will affect the Company's business performance in 2020.
However, the extent to which the COVID-19 impacts our operations will depend on
future developments, which are highly uncertain and cannot be predicted with
confidence, including the duration of the outbreak, new information which may
emerge concerning the severity of the coronavirus and the actions to contain the
coronavirus or minimize its harm, among others.



The COVID outbreak has seriously impacted the EV market in 2020, leading us to
explore how to augment our business. As we looked at other market opportunities
that leverage our expertise, the management of the Company found potential in a
number of ancillary products aimed at intelligent transportation. For example,
Electric Scooters and Electric Self-Balancing Vehicles have distinct potential,
with tens of millions of units sold each year around the world. The Company is
pursuing these opportunities by expanding production of intelligent
transportation products that exploit our advantages in the Yongkang Scrou's
power electric motor and Jinhua Ankao's power battery pack. Our products aimed
at this market combines our motors and battery packs into a dynamic power train
system. Through extensive product trials, we are able to meet a leading standard
in China, and thus will go into mass production this month. As this business is
developing quickly and progressing, the Company will consider to merge Yongkang
Scrou and Jinhua Ankao into a single specialized powertrain technology company.



The Company originally planned to export 2,000 to 5,000 units electric vehicles
to the U.S. in 2020, but due to the COVID-19 pandemic in the first half of 2020,
the plan should be adjusted according to the situation of COVID-19 control
in
the U.S.



                                      25





Results of Operations


Comparison of the Three Months Ended March 31, 2020 and 2019




The following table sets forth the amounts and percentage to revenue of certain
items in our condensed consolidated statements of operations and comprehensive
income (loss) for the three months ended March 31, 2020 and 2019.



                                             Three Months Ended
                           March 31, 2020      % of Revenue        March 31, 2019      % of Revenue        Change in Amount       Change in %

REVENUES FROM UNRELATED
PARTY, NET                $      6,372,424             100.0 %    $     16,334,963              90.4 %            (9,962,539 )           (61.0 )%
REVENUES FROM THE
AFFILIATE COMPANY AND
RELATED PARTY, NET                       -               0.0 %           1,733,497               9.6 %            (1,733,497 )          (100.0 )%

REVENUES, NET                    6,372,424                              18,068,460                               (11,696,036 )           (64.7 )%

COST OF GOODS SOLD              (5,205,165 )           (81.7 )%        (14,932,023 )           (82.6 )%            9,726,858             (65.1 )%

GROSS PROFIT                     1,167,259              18.3 %           3,136,437              17.4 %            (1,969,178 )           (62.8 )%

OPERATING EXPENSES:
Research and
development                       (640,240 )           (10.0 )%           (537,433 )            (3.0 )%             (102,807 )            19.1 %
Selling and marketing             (878,306 )           (13.8 )%           (618,003 )            (3.4 )%             (260,303 )            42.1 %
General and
administrative                  (3,066,735 )           (48.1 )%         (2,039,528 )           (11.3 )%           (1,027,207 )            50.4 %
Total Operating
Expenses                        (4,585,281 )           (72.0 )%         (3,194,964 )           (17.7 )%           (1,390,317 )            43.5 %
LOSS FROM OPERATIONS            (3,418,022 )           (53.6 %)            (58,527 )            (0.3 )%           (3,359,495 )          5740.1 %

OTHER INCOME (EXPENSE):
Interest income                    338,944               5.3 %             252,404               1.4 %                86,540              34.3 %
Interest expense                  (982,934 )           (15.4 )%           (439,183 )            (2.4 )%             (543,751 )           123.8 %
Change in fair value of
contingent
consideration                    3,792,000              59.5 %              89,000               0.5 %             3,703,000            4160.7 %
Government grants                   11,099               0.2 %              47,724               0.3 %               (36,625 )           (76.7 )%
Gain from equity
dilution in the
Affiliate Company                        -               0.0 %           4,365,390              24.2 %            (4,365,390 )          (100.0 )%
Share of loss after tax
of the Affiliate
Company                         (1,102,770 )           (17.3 )%         (9,949,158 )           (55.1 )%            8,846,388             (88.9 )%
Other income , net                  19,650               0.3 %             474,390               2.6 %              (454,740 )           (95.9 )%
Total other income
(expense), net                   2,075,989              32.6 %          (5,159,433 )           (28.6 )%            7,235,422            (140.2 )%

LOSS BEFORE INCOME
TAXES                           (1,342,033 )           (21.1 )%         (5,217,960 )           (28.9 )%            3,875,927             (74.3 )%

INCOME TAX (EXPENSE)
BENEFIT                           (232,613 )            (3.7 )%            808,488               4.5 %            (1,041,101 )          (128.8 )%

NET LOSS                        (1,574,646 )           (24.7 )%         (4,409,472 )           (24.4 )%            2,834,826             (64.3 )%




                                      26





(a) Revenue



For the three months ended March 31, 2020, our revenue was $6,372,424 compared
to $18,068,460 for the same period of 2019, representing a decrease of
$11,696,036 or 64.7%. The decrease in revenue was mainly due to the decrease in
EV parts sales, which was primarily due to the outbreak of COVID-19 and the
lock-down policy in China in the first quarter of 2020 which significantly
affected our production and the demand from the customers.



The following table summarizes our revenues by product types for the three months ended March 31, 2020 and 2019:



                         Three Months Ended
                             March 31,
                       2020             2019
                       Sales           Sales
EV parts            $ 2,081,335$ 12,771,440
EV products             255,819                -
Off-road vehicles     4,035,270        5,297,020
Total               $ 6,372,424$ 18,068,460




EV Parts


During the three months ended March 31, 2020, our revenues from the sales of EV parts were $2,081,335, representing a decrease of $10,690,105 or 83.7% from $12,771,440 for the same quarter of 2019.

Our revenue for the three months ended March 31, 2020 primarily consisted of revenue from the sales of battery packs, body parts, EV controllers, air conditioning units and other auto parts for use in the manufacturing of EV products. These sales accounted for 32.7% of total sales.

During the three months ended March 31, 2020 and 2019, our revenue from the sale of EV parts to the Affiliate Company and its subsidiaries accounted for approximately 0% and 10% of our total net revenue for the quarter, respectively.



                                      27





EV Products


During the three months ended March 31, 2020, our revenue from the sale of EV
Products was $255,819, which was due to the export sales of Hainan factories'
products. There weren't any EV products sales in the same quarter of 2019.


Off-Road Vehicles


During the three months ended March 31, 2020, our revenue from the sales of
off-road vehicles, including go karts, all-terrain vehicles ("ATVs") and others,
were $4,035,270, representing a decrease of $1,261,750 or 23.8% from $5,297,020,
for the same quarter of 2019. The decrease was mainly due to the sales decrease
as a result of the outbreak of COVID-19 in the first quarter of 2020.



Our off-road vehicles business line accounted for approximately 63.3% of our total net revenue for the three months ended March 31, 2020.

The following table shows the breakdown of our net revenues:



                                                  Three Months Ended
                                                       March 31
                                               2020                2019
                                           Sales Revenue       Sales Revenue
Primary geographical markets
Overseas                                  $     2,130,824$     5,222,525
China                                           4,241,600          12,845,935
Total                                     $     6,372,424$    18,068,460

Major products
EV parts                                  $     2,081,335$    12,771,440
EV products                                       255,819                   -
Off-road vehicles                               4,035,270           5,297,020
Total                                     $     6,372,424$    18,068,460

Timing of revenue recognition Products transferred at a point in time $ 6,372,424$ 18,068,460




                                      28





(b) Cost of goods sold



Cost of goods sold was $5,205,165 during the three months ended March 31, 2020,
representing a decrease of $9,726,858, or 65.1%, compared to $14,932,023 for the
same period of 2019. The decrease was primarily due to the corresponding
decrease in sales. Please refer to the Gross Profit section below for product
margin analysis.



(c) Gross profit



Our margins by product for the three months ended March 31, 2020 and 2019 are as
set forth below:



                                                                 Three Months Ended March 31,
                                          2020                                                                 2019
                Sales           Cost          Gross Profit        Margin %          Sales             Cost          Gross Profit        Margin %
EV parts     $ 2,081,335       1,858,130            223,205             10.7 %   $ 12,771,440       10,809,566          1,961,874             15.4 %
EV
products         255,819         241,387             14,432              5.6 %              -                -                  -                -
Off-road
vehicles       4,035,270       3,105,648            929,622             23.0 %      5,297,020        4,122,457          1,174,563             22.2 %
Total        $ 6,372,424       5,205,165          1,167,259             18.3 %   $ 18,068,460       14,932,023          3,136,437             17.4 %




Gross profit for the first quarter of 2020 decreased 62.8% to $1,167,259,
compared to $3,136,437 for the same period last year. This was primarily
attributable to the sales decrease, which was primarily due to the outbreak of
COVID-19 and the lock-down policy in China in the first quarter of 2020. Our
gross margin increased to 18.3% compared to 17.4% for the same period of 2019.
The increase in our gross margin was mainly due to the sales under SC which has
increased the unit price for the parts since end of 2019 as well as introducing
the sales of ATVs that brought higher margin than other off-road vehicles such
as UTVs since May 2019.



(d) Research and development



Research and development expenses, including materials, labor, equipment
depreciation, design, testing, inspection, and other related expenses, totaled
$640,240 for the first quarter of 2020, an increase of $102,807 or 19.1%
compared to $537,433 for the same period of last year. The increase was mainly
due to the R&D expense related to the technology upgrading of the Company's
products.



(e) Sales and marketing



Selling and distribution expenses were $878,306 for the first quarter of 2020,
compared to $618,003 for the same period last year, representing an increase of
$260,303 or 42.1%. The increase was primarily attributable to the increasing
labor and advertising expenses in connection with the expansion the U.S.
electric vehicle market.



                                      29




(f) General and administrative expenses




General and administrative expenses were $3,066,735 for the first quarter of
2020, compared to $2,039,528 for the same period last year, representing an
increase of $1,027,207 or 50.4%. For the three months ended March 31, 2020,
general and administrative expenses included $22,925 as expenses for common
stock awards and stock options to employees and Board members, compared to
$31,675 of common stock awards and stock options expenses for the same period in
2019. Besides stock compensation expense, our net general and administrative
expenses for the three months ended March 31, 2020 were $3,043,810, representing
an increase of $1,035,957, from $2,007,853 for the same period of 2019, which
was largely due to a portion of depreciation of Hainan facilities related to
abnormal amounts from idle capacity being charged to administrative expenses
instead of cost of goods sold for the period incurred.



(g) Interest income


Interest income was $338,944 for the first quarter of 2020, representing an
increase of $86,540 or 34.3% compared to $252,404 for the same period of last
year. The increase was primarily attributable to interest earned on collateral
for bank acceptance notes.



(h) Interest expenses


Interest expenses were $982,934 in the first quarter of 2020, representing an
increase of $543,751 or 123.8% compared to $439,183 for the same period of last
year. The increase was primarily due to the interest expense of Hainan factory's
long-term debt.


(i) Change in fair value of contingent consideration




For the first quarter of 2020, the gain related to changes in the fair value of
contingent consideration was $3,792,000, an increase of $3,703,000 or 4160.7%
compared to gain related to changes in the fair value of contingent
consideration of $89,000 for the same period of last year, which was mainly due
to the adjustment of the fair value of the contingent consideration liability
associated with the remaining shares of restrictive common stock (Please refer
to NOTE 20 - CONTINGENT CONSIDERATION LIABILITY). The fair value of the
contingent consideration liability was estimated at each reporting date by using
the Monte Carlo simulation method, which took into account all possible
scenarios.



(j) Government grants



Government grants were $11,099 for the first quarter of 2020, compared to
$47,724 for the same quarter last year, representing a decrease of $36,625, or
76.7%, which was largely attributable to the one-time subsidies Jinhua An Kao
received in the first quarter of 2019.



(k) Gain from equity dilution in the Affiliate Company

Gain from equity dilution was $0 for the first quarter of 2020, compared to
$4,365,390 for the same quarter last year, which was primarily due to gain from
the conversion of the loan into equity in the Affiliate Company in March 2019.
Pursuant to the Equity Transfer Agreement, the Affiliate Company converted a
loan of RMB 314 million (approximately $44.3 million) from Geely Group to equity
in order to increase its cash flow (for details please refer to Note 22 -
SUMMARIZED INFORMATION OF EQUITY METHOD INVESTMENT IN THE AFFILIATE COMPANY).



                                      30




(l) Share of loss after tax of the Affiliate Company




For the first quarter of 2020, our share of loss of the Affiliate Company was
$1,102,770 as compared to share of loss of $9,949,158 for the same period of
last year, representing a decrease of share of loss of $8,846,388, which was
largely attributable to the decreased operating expenses of the Affiliate
Company, as well as the fact that our equity interests of the Affiliate Company
has been decreased to 22% from 43.47% after the equity dilution and equity
transfer in 2019.



(m) Other income, net


Net other income was $19,650 for the first quarter of 2020, representing a
decrease of $454,740 or 95.9% compared to net other income of $474,390 for the
same period of last year, which was largely due to the reversal of accrued
after-sale service fees of Jinhua An Kao, which has been evaluated by management
in the first quarter of 2019, which subsequently concluded that this accrued
liability will not be incurred.



(n) Income Taxes



In accordance with the relevant Chinese tax laws and regulations, our applicable
corporate income tax rate is 25%. However, Kandi Vehicle and Jinhua An Kao are
qualified as high technology companies in China and are therefore entitled to a
reduced corporate income tax rate of 15%.



Each of our wholly-owned subsidiaries, Kandi New Energy, Yongkang Scrou and Kandi Hainan, has an applicable corporate income tax rate of 25%.

We have a 22% ownership interest in the Affiliate Company, which has an applicable corporate income tax rate of 25%. Each of the Affiliate Company's subsidiaries has an applicable corporate income tax rate of 25%.

Our actual effective income tax rate for the first quarter of 2020 was a tax expense of 17.33% on a reported loss before taxes of approximately $1.3 million, compared to a tax benefit of 15.49% on a reported loss before taxes of approximately $5.2 million for the same period of last year.



(o) Net loss



Net loss was $1,574,646 for the first quarter of 2020, representing a decrease
loss of $2,834,826 compared to net loss $4,409,472 for the same period of last
year. The decrease in loss was primarily attributable to the decreased share of
loss of the Affiliate Company and increased gain related to changes in the fair
value of contingent consideration, offset by the decreased gain from equity
dilution in the Affiliate Company and decreased gross profit.



                                      31




LIQUIDITY AND CAPITAL RESOURCES



Cash Flow



                                                                     Three Months Ended
                                                                 March 31,         March 31,
                                                                   2020              2019
Net cash used in operating activities                          $ (26,526,069 )$ (14,037,641 )
Net cash provided by (used in) investing activities               11,460,291          (300,704 )
Net cash provided by financing activities                          8,452,964                 -

Net decrease in cash and cash equivalents and restricted cash

                                                              (6,612,814 )     (14,338,345 )
Effect of exchange rate changes on cash                             

(145,928 ) 446,948 Cash and cash equivalents and restricted cash at beginning of year

                                                           16,512,635        22,353,071
Cash and cash equivalents and restricted cash at end of
period                                                             9,753,893         8,461,674




For the first quarter of 2020, cash used in operating activities was
$26,526,069, as compared to cash used in operating activities of $14,037,641 for
the same period last year. Our operating cash inflows include cash received
primarily from sales of our EV parts and off-road vehicles. These cash inflows
are offset largely by cash paid primarily to our suppliers for production
materials and parts used in our manufacturing process, operation expenses,
employee compensation, and interest expenses of our financings. The major
operating activities that provided cash for the first quarter of 2020 were a
decrease of accounts receivable of $5,540,503 and a decrease of amount due from
the Affiliate Company of $4,187,038. The major operating activity that used cash
for first quarter of 2020 was a decrease of notes payable of $10,745,294.



For the first quarter of 2020, cash derived from investing activities was
$11,460,291, as compared to cash used in investing activities of $300,704 for
the same period of last year. The major investing activities that provided cash
for the first quarter of 2020 were an increase of cash received from equity sale
in Affiliate Company of $11,461,646. The major investing activities that used
cash for first quarter of 2020 were $1,355 used for the purchases of property,
plant and equipment.



For the first quarter of 2020, cash derived from financing activities was
$8,452,964, as compared to cash used in financing activities of $0 for the same
period of last year. The major financing activities that provided cash for the
first quarter of 2020 were proceeds from short-term bank loans of $8,452,964.



Working Capital


We had a working capital of $60,671,426 at March 31, 2020, which reflects a decrease of $3,027,271 from a working capital of $63,698,697 as of December 31, 2019.




After two years of negotiations, on March 10, 2020, a real estate repurchase
agreement was entered into by and between Kandi Vehicles and Jinhua Economic and
Technological Development Zone pursuant to which the local government shall
purchase the land use right over the land of 66 acres (400 mu, 265,029 square
meters) that is owned by Kandi Vehicles for RMB 525 million ($75 million).
Payments to Kandi Vehicles shall be made in three installments as we disclosed
in a Current Report on Form 8-K filed with the SEC on March 9, 2020. The
transaction includes additional financial incentives. If Kandi Vehicles achieves
certain milestones that contribute to local economic development, the Company
will be eligible for tax rebates that could total up to RMB 500 million ($71
million) over the next eight years. Kandi Vehicles intends to use the proceeds
from the land repurchase to fund the land use acquisition and factory
construction in the New Energy Automotive Zone, and to fund growth initiatives
and general corporate purposes. On May 22, 2020, the Company received the first
payment of RMB 244 million (USD34.4 million) under the Repurchase Agreement.



                                      32




Contractual Obligations and Off-balance Sheet Arrangements

Short-term and long-term Loans:

For the discussion of short-term and long-term loans, please refer to Note 17 -
Short-term and Long-term Loans under Notes to Condensed Consolidated Financial
Statements.


Guarantees and pledged collateral for third party bank loans




For the discussion of guarantees and pledged collateral for third party bank
loans, please refer to Note 23 - Commitments and Contingencies under Notes to
Condensed Consolidated Financial Statements.



Recent Development Activities:

The COVID outbreak has seriously impacted the EV market in 2020, leading us to
explore how to augment our business. As we looked at other market opportunities
that leverage our expertise, the management of the Company found potential in a
number of ancillary products aimed at intelligent transportation. For example,
Electric Scooters and Electric Self-Balancing Vehicles have distinct potential,
with tens of millions of units sold each year around the world. The Company is
pursuing these opportunities by expanding production of intelligent
transportation products that exploit our advantages in the Yongkang Scrou's
power electric motor and Jinhua Ankao's power battery pack. Our products aimed
at this market combines our motors and battery packs into a dynamic power train
system. Through extensive product trials, we are able to meet a leading standard
in China, and thus will go into mass production this month. As this business is
developing quickly and progressing, the Company will consider to merge Yongkang
Scrou and Jinhua Ankao into a single specialized powertrain technology company.



Recently, Mr. Hu Xiaoming, CEO of the Company, has been in discussions with Mr.
Ying Jiawei, CEO of Hangzhou Chic Intelligent Technology Co., Ltd. ("Hangzhou
Chic"), a leading high tech company that is well-recognized as a major exporter
in intelligent balance scooter sector. They have agreed to have Kandi to start
using its power trains system to produce balance scooters for Hangzhou Chic.
Hangzhou Chic has accumulated more than 500 technical patents in the balance
scooter sector and is an original developer in the balance scooter products.
Their leading and innovative technology has broadly penetrated this market. Each
year, about ten million scooters using their patents are produced. We believe
this can be a productive partnership, as we marry their technology expertise
with our manufacturing prowess and technology advantages.

© Edgar Online, source Glimpses

share with twitter share with LinkedIn share with facebook
Latest news on KANDI TECHNOLOGIES GROUP,
07/07KANDI TECHNOLOGIES : ROSEN, A LEADING LAW FIRM, Reminds Kandi Technologies Group..
PR
06/24Pomerantz Law Firm Investigates Claims On Behalf of Investors of Kandi Techno..
PR
06/24SHAREHOLDER ALERT : Robbins LLP Announces Kandi Technologies Group, Inc. (KNDI) ..
BU
06/22KANDI TECHNOLOGIES : ROSEN, A LEADING NATIONAL FIRM, Reminds Kandi Technologies ..
BU
06/22DEADLINE REMINDER : The Law Offices of Howard G. Smith Reminds Investors of Loom..
BU
06/18KANDI TECHNOLOGIES : Glancy Prongay & Murray Reminds Investors of Looming Deadli..
BU
06/18KNDI Bronstein, Gewirtz & Grossman, LLC Notifies Shareholders of Class Action..
BU
06/16KANDI TECHNOLOGIES : ROSEN, A TOP RANKED AND TRUSTED FIRM, Announces Filing of S..
PR
06/15Law Offices of Howard G. Smith Announces the Filing of a Securities Class Act..
BU
06/15KNDI Bronstein, Gewirtz & Grossman, LLC Notifies Investors of Class Action Ag..
PR
More news
Financials (USD)
Sales 2019 136 M - -
Net income 2019 -7,19 M - -
Net Debt 2019 59,4 M - -
P/E ratio 2019 -33,8x
Yield 2019 -
Capitalization 242 M 242 M -
EV / Sales 2018 2,16x
EV / Sales 2019 2,28x
Nbr of Employees 594
Free-Float 67,1%
Chart KANDI TECHNOLOGIES GROUP, INC.
Duration : Period :
Kandi Technologies Group, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends KANDI TECHNOLOGIES GROUP,
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Managers
NameTitle
Xiao Ming Hu Chairman, President & Chief Executive Officer
Jehn Ming Lim Chief Financial Officer
Jerry B. Lewin Independent Director
Henry Yu Independent Director
Li Ming Chen Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
KANDI TECHNOLOGIES GROUP, INC.-3.17%226
TESLA, INC.232.24%257 640
TOYOTA MOTOR CORPORATION-12.78%174 116
VOLKSWAGEN AG-21.69%80 355
DAIMLER AG-23.77%45 485
HONDA MOTOR CO., LTD.-12.04%44 428