$KNDI (Kandi Technologies Group, Inc.)

$KNDI {{ '2015-08-10T11:48:22+0000' | timeago}} • Announcement

$KNDI 2Q15 PR: Total revenues grew 45.5% to $48MM from $33MM for 2Q14; GAAP net income was $5.4MM, or approx. $0.12 per fully diluted share, compared to $11.2MM, or approx. $0.27 per diluted share in 2Q14. The decrease was mainly due to changes in stock-based compensation expenses and financial derivatives during the period.

$KNDI {{ '2015-12-14T12:50:46+0000' | timeago}} • SEC

$KNDI's research and development expenses for 9 months ended Sept. 30, 2015 fell by 23.9% from last year. The decrease was primarily due to lower expenses on China Auto Research Centre for EV testing, lower depreciation expenses, and rise in material spending for battery pack research and development.

$KNDI {{ '2015-12-14T12:47:35+0000' | timeago}} • SEC

$KNDI's revenue for 9 months ended Sept. 30, 2015 grew by 21.3% from last year, mainly due to rise in EV parts sales. EV parts sales primarily consisted of sales of battery packs, body parts, EV drive motors, EV controllers, air conditioning units and other auto parts to JV Company for manufacturing EV products.

$KNDI {{ '2015-12-14T12:42:32+0000' | timeago}} • SEC

$KNDI's gross profit for 3Q15 grew by 29.2% from the previous year quarter. The overall margin increased to 14.1% in 3Q15 from 12.5% in 3Q14, which was due to the cost control and the scaled production for EV parts while offset by the impact of zero EV products sales and the decrease of off-road vehicles sales.

$KNDI {{ '2015-12-14T12:34:25+0000' | timeago}} • SEC

$KNDI's revenue for 3Q15 increased by 14.3% from the previous year quarter. The increase in revenue was mainly due to the rise in EV parts sales during 3Q15. The majority of the EV parts sales was battery sales. $KNDI started the EV parts business in 2014 and its revenue of EV parts jumped by 35.7% from last year.

$KNDI {{ '2015-08-19T18:04:28+0000' | timeago}} • SEC

$KNDI 2Q15 10-Q: In 2Q15, a total of 4,446 units of EV products were sold by the JV Company, up 8.1% compared to 4,114 units sold in 2Q14. On July 20, 2015, KNDI announced that the JV company and Luzhou Jiecheng Auto Co. Ltd. have signed a strategic cooperation agreement for the sale of 1,500Kandi brand EVs in Luzhou to launch the MPT program.

$KNDI {{ '2015-08-19T18:04:09+0000' | timeago}} • SEC

$KNDI 2Q15 10-Q: Government grants were $92,863, a decrease of $60,837 or 39.6% compared to $153,700 for 2Q14. R&D expenses were $571,621, a decrease of $400,052 or 41.2% compared to $971,673 in 2Q14. Kandi had a working capital surplus of $48,452,998 as of June 30, 2015, an increase of $9,250,314 from $39,202,684 as of December 31, 2014.

$KNDI {{ '2015-08-19T18:03:48+0000' | timeago}} • SEC

$KNDI 2Q15 10-Q: As of August 3, 2015, Kandi had issued and outstanding 46,954,855 shares of common stock, par value $0.001 per share. As of June 30, 2015, the Company had credit lines from commercial banks of $38,833,051, all of which were used as of June 30, 2015. Interest expense was $597,320, an increase of $366,518 vs. $963,838 in 2Q14.

$KNDI {{ '2015-08-19T18:03:30+0000' | timeago}} • SEC

$KNDI 2Q15 10-Q: As of June 30, 2015, cash on cash equivalents were $9.46MM vs. $11.29MM as of June 30, 2014. Total assets at June 30, 2015, were $393.6MM vs. $270.29MM at June 30, 2014. Total liabilities were $164.03MM at 2Q15-end vs. $134.78MM in 2Q14-end. Interest income was $722,843, a decrease of $26,000 vs. $748,843 in 2Q14.

$KNDI {{ '2015-08-19T18:02:54+0000' | timeago}} • SEC

$KNDI 2Q15 10-Q: Revenues were $47.96MM vs. $32.96MM in 2Q14. Income from operations was $1.99MM vs. $2.64MM in 2Q14. Net income was $5.43MM vs. $11.16MM in 2Q14. Gross profit was $6.49MM vs. $7.22MM in 2Q14. Diluted EPS was $0.12 vs. $0.27 per share in 2Q14.

$KNDI {{ '2015-08-10T14:35:18+0000' | timeago}} • Webcast

$KNDI 2Q15 Q&A: On a question asked on whether other cities will adopt the same rules as Beijing on allowing only EVs, Xiaoming commented Beijing is the capital of China; not every city has the restriction on car driving. The city that has restriction they’re going to also learn from Beijing and adopt such policy. Those who don’t won’t be applying.

$KNDI {{ '2015-08-10T14:33:35+0000' | timeago}} • Webcast

$KNDI 2Q15 Q&A: On a question about China economy slowdown and KNDI sales impact, Xiaoming answered that it is only going to benefit for the new energy vehicle; it won’t be impacting the EV negatively.

$KNDI {{ '2015-08-10T14:03:53+0000' | timeago}} • Webcast

$KNDI 2Q15 Q&A: Analyst asked about does KNDI intends to apply for its own license and time frame. Xiaoming answered, right now China has the new policy to open to new energy vehicle manufacturer to apply for a license. So far no one has received the license yet. KNDI is an applicant. Time frame will depend on the government.

$KNDI {{ '2015-08-10T13:55:24+0000' | timeago}} • Webcast

$KNDI 2Q15 Q&A: On a question asked about does KNDI sell EV parts to any other car manufacturers, Xiaoming said, for now the company does not sell EV parts to any other car manufacturers. KNDI is prepared to grow and hopefully will be open to more car manufacturers in future.

$KNDI {{ '2015-08-10T13:48:15+0000' | timeago}} • Webcast

$KNDI 2Q15 Q&A: On a question asked about the direct sales program and feedback, Xiaoming answered KNDI has 30 sales dealers. Company believes that K17 will be very popular and well received in two cities, Shanghai and Beijing.

$KNDI {{ '2015-08-10T13:34:19+0000' | timeago}} • Webcast

$KNDI 2Q15 Q&A: Analyst asked about the competitive advantage KNDI and JV has over other China EV. Xiaoming answered, it is hard to say what the competitive advantage is. Last year in pure EV sales, KNDI ranked number 1 in China. On K17 launch, KNDI will achieve better leverage and leading position in China.

$KNDI {{ '2015-08-10T13:04:30+0000' | timeago}} • Webcast

$KNDI 2Q15 Q&A: Steven Miller asked about the sales targeted between K17 and K30. Xiaoming commented, K17 will start selling at end of 3Q15. For 2H15, majority of direct sales will be K17. Sales of K30 will be minimum as much as K17.

$KNDI {{ '2015-08-10T12:51:29+0000' | timeago}} • Webcast

$KNDI 2Q15 Q&A: Steven Miller asked about reaffirming the JV sales target and revenue breakdown JV vs. KNDI. Xiaoming answered that KNDI will definitely achieve the target this year of between 20,000-25,000; it’s not going to be on the lower end. Revenue breakdown cannot be given.

$KNDI {{ '2015-08-10T12:42:57+0000' | timeago}} • Webcast

$KNDI 2Q15 Call: G&A expenses were $3.8MM, up 21.2% YoverY. JV Financials: net sales was $68.9MM; gross profit was $10.7MM; and the net profit was $1.6MM. KNDI recorded 50% of JV company profit, which is $0.8MM for 2Q15. Stock compensation expense increased by $2.5MM vs. 2Q14. Cash used in operating activities was $3.2MM vs. $34.1MM in 2Q14.

$KNDI {{ '2015-08-10T12:28:33+0000' | timeago}} • Webcast

$KNDI 2Q15 Call: In 2Q15, signed an agreement with Alibaba (China) Co. Remain confident to realize the 2015 EV sales target for the JV company. Cost of goods sold was $41.5MM in 2Q15, up 61.1% YoverY. Gross profit was $60.4MM, down 10.1% YoverY. Overall margin decreased to 13.5% from 21.9% in 2Q14.

$KNDI {{ '2015-08-10T12:14:32+0000' | timeago}} • Webcast

$KNDI 2Q15 Call: Achieved excellent growth in EV parts and EV sales. EV part sales increased 168.3%. JV Company successfully launched the direct sales program in April. JV achieved a total sales of 4,446 EV product during 2Q15. K17 is available for sales starting in 3Q15; have been doing marketing in Beijing and Shanghai.

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