Kandi Technologies Group, Inc. (KNDI) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
JINHUA NEW ENERGY VEHICLE TOWN JINHUA, 321016 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3711 - Motor Vehicles and Passenger Car Bodies (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 72,900 | 69,406 | 75,134 | 84,064 | 99,029 | 87,099 | |||
| Cash and cash equivalent | 72,900 | 69,406 | 75,134 | 84,064 | 99,029 | 87,099 | |||
| Restricted cash and investments | 61,957 | 54,239 | 62,950 | 66,977 | 40,856 | 72,235 | |||
| Receivables | 13,555 | 20,458 | 25,980 | 35,865 | 59,328 | 34,891 | |||
| Inventory, net of allowances, customer advances and progress billings | 57,861 | 57,107 | 47,303 | 40,475 | 43,674 | 41,938 | |||
| Inventory | 57,861 | 57,107 | 47,303 | 40,475 | 43,674 | 41,938 | |||
| Prepaid expense | 1,689 | 3,160 | 3,228 | 2,970 | 4,007 | 2,516 | |||
| Deferred costs | (912) | (896) | (925) | (899) | (851) | (882) | |||
| Deposits current assets | 109,676 | 108,902 | 100,485 | 81,191 | 70,324 | 73,174 | |||
| Other current assets | 322 | 323 | 331 | 330 | 326 | 334 | |||
| Other undisclosed current assets | 16,037 | 15,396 | 13,171 | 18,350 | 7,698 | 19,647 | |||
| Total current assets: | 333,085 | 328,095 | 327,656 | 329,323 | 324,391 | 330,952 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 98,755 | 89,910 | 95,607 | 97,169 | 94,909 | 102,736 | |||
| Long-term investments and receivables | 137 | 138 | 146 | 145 | 141 | 149 | |||
| Long-term investments | 137 | 138 | 146 | 145 | 141 | 149 | |||
| Intangible assets, net (including goodwill) | 36,756 | 37,263 | 40,933 | 41,172 | 43,746 | 46,285 | |||
| Goodwill | 31,194 | 31,335 | 33,301 | 33,178 | 32,961 | 34,679 | |||
| Intangible assets, net (excluding goodwill) | 5,562 | 5,928 | 7,631 | 7,994 | 10,785 | 11,607 | |||
| Deferred income tax assets | 1,427 | 1,427 | 1,433 | 1,433 | 2,172 | 2,172 | |||
| Other noncurrent assets | 9,756 | 9,912 | 10,569 | 10,631 | 10,423 | 11,167 | |||
| Other undisclosed noncurrent assets | 2,727 | 2,762 | 3,134 | 3,110 | 3,174 | 3,415 | |||
| Total noncurrent assets: | 149,557 | 141,412 | 151,820 | 153,659 | 154,564 | 165,925 | |||
| TOTAL ASSETS: | 482,643 | 469,507 | 479,477 | 482,982 | 478,955 | 496,877 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 35,164 | 37,706 | 32,533 | 36,592 | 35,525 | 33,895 | |||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | ✕ | 1,122 | 630 | ||
| Accounts payable | 34,476 | 36,694 | 31,682 | 35,321 | 33,281 | 32,636 | |||
| Accrued liabilities | 689 | 1,012 | 851 | 1,271 | 1,122 | 630 | |||
| Debt | 31,195 | 6,968 | 8,411 | 5,600 | 7,800 | 3,700 | |||
| Other liabilities | 5,274 | 5,477 | 6,024 | 6,090 | 6,425 | 6,087 | |||
| Other undisclosed current liabilities | 8,364 | 28,047 | 27,544 | 33,224 | 21,747 | 23,119 | |||
| Total current liabilities: | 79,998 | 78,197 | 74,511 | 81,506 | 71,497 | 66,801 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 2,211 | 2,211 | |||||||
| Long-term debt, excluding current maturities | 2,211 | 2,211 | |||||||
| Liabilities, other than long-term debt | 1,583 | 1,639 | 2,549 | 2,654 | 3,240 | 3,371 | |||
| Deferred income tax liabilities | 1,173 | 1,173 | 1,378 | 1,378 | 2,463 | 2,490 | |||
| Lease deposit liability | 622 | 673 | |||||||
| Other liabilities | 410 | 466 | 548 | 602 | 777 | 881 | |||
| Business combination, contingent consideration, liability | |||||||||
| Other undisclosed noncurrent liabilities | 8,225 | 1,542 | 1,130 | 3,266 | 5,513 | ||||
| Total noncurrent liabilities: | 9,808 | 1,639 | 4,091 | 3,783 | 8,717 | 11,095 | |||
| Total liabilities: | 89,806 | 79,836 | 78,602 | 85,289 | 80,214 | 77,896 | |||
| Equity | |||||||||
| Equity, attributable to parent | 390,423 | 387,665 | 399,527 | 396,970 | 396,582 | 417,787 | |||
| Common stock | 85 | 75 | 78 | 78 | 78 | 78 | |||
| Treasury stock, value | (9,808) | (9,808) | (6,849) | (5,937) | |||||
| Additional paid in capital | 450,242 | 446,260 | 452,377 | 451,374 | 450,381 | 450,121 | |||
| Accumulated other comprehensive loss | (48,132) | (46,030) | (26,751) | (28,333) | (39,638) | (18,705) | |||
| Accumulated deficit | (11,772) | (12,641) | (16,369) | (16,340) | (7,390) | (7,769) | |||
| Equity, attributable to noncontrolling interest | 2,414 | 2,006 | 1,347 | 722 | 2,159 | 1,194 | |||
| Total equity: | 392,837 | 389,671 | 400,874 | 397,693 | 398,741 | 418,981 | |||
| TOTAL LIABILITIES AND EQUITY: | 482,643 | 469,507 | 479,477 | 482,982 | 478,955 | 496,877 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 36,426 | 35,953 | 22,862 | 38,407 | 33,673 | 20,841 | ||
| Cost of revenue (Cost of Product and Service Sold) | (25,507) | (22,219) | (14,833) | (30,365) | (27,304) | (18,122) | ||
| Gross profit: | 10,919 | 13,735 | 8,029 | 8,043 | 6,369 | 2,719 | ||
| Operating expenses | (14,506) | 25,652 | (8,561) | (9,000) | ||||
| Other operating expense, net | (13,964) | (10,266) | ||||||
| Other undisclosed operating loss | (47,197) | |||||||
| Operating loss: | (3,587) | (229) | (2,237) | (13,502) | (2,192) | (6,282) | ||
| Nonoperating income | 4,852 | 4,922 | 2,453 | 2,841 | 3,762 | 3,686 | ||
| Other nonoperating income (expense) | 2,611 | 807 | 266 | (169) | 537 | 2,374 | ||
| Interest and debt expense | (355) | (194) | (173) | (243) | (177) | (138) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 910 | 4,498 | 43 | (10,905) | 1,393 | (2,734) | ||
| Other undisclosed income from continuing operations before income taxes | 355 | 194 | 173 | 243 | 177 | 138 | ||
| Income (loss) from continuing operations before income taxes: | 1,265 | 4,692 | 216 | (10,662) | 1,570 | (2,595) | ||
| Income tax expense (benefit) | 12 | (305) | 380 | 232 | (497) | 720 | ||
| Income (loss) from continuing operations: | 1,277 | 4,387 | 595 | (10,429) | 1,073 | (1,876) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | ✕ | 1,073 | (1,876) | |
| Net income (loss): | 1,277 | 4,387 | 595 | (10,429) | 1,073 | (1,876) | ||
| Net income (loss) attributable to noncontrolling interest | (408) | (659) | 625 | 1,480 | (694) | (62) | ||
| Other undisclosed net loss attributable to parent | (1,249) | |||||||
| Net income (loss) available to common stockholders, diluted: | 869 | 3,728 | (29) | (8,949) | 379 | (1,937) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 1,277 | 4,387 | 595 | (10,429) | 1,073 | (1,876) | ||
| Other undisclosed comprehensive loss | ||||||||
| Comprehensive income (loss): | 1,277 | 4,387 | 595 | (10,429) | 1,073 | (1,876) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (408) | (659) | 625 | 1,480 | (694) | (62) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (1,695) | (18,620) | 958 | 9,824 | (20,239) | (19,905) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (826) | (14,892) | 2,178 | 875 | (19,860) | (21,842) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.