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Last $12.39 USD
Change Today +0.04 / 0.32%
Volume 320.0K
KNDI On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 5:20 PM 03/31/15 All times are local (Market data is delayed by at least 15 minutes).

kandi technologies group inc (KNDI) Snapshot

Open
$12.48
Previous Close
$12.35
Day High
$12.50
Day Low
$12.30
52 Week High
07/22/14 - $22.49
52 Week Low
12/16/14 - $10.30
Market Cap
573.5M
Average Volume 10 Days
835.4K
EPS TTM
$0.17
Shares Outstanding
46.3M
EX-Date
--
P/E TM
72.9x
Dividend
--
Dividend Yield
--
Current Stock Chart for KANDI TECHNOLOGIES GROUP INC (KNDI)

kandi technologies group inc (KNDI) Related Businessweek News

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kandi technologies group inc (KNDI) Details

Kandi Technologies Group, Inc., through its subsidiaries, designs, develops, manufactures, and commercializes electric vehicles (EVs), EV parts, and off-road vehicles in the People’s Republic of China and internationally. The company offers all-terrain vehicles, utility vehicles, and go-karts; and three wheeled motorcycles, refitted cars, and auto generators. It also provides automobile and EV parts, including EV drive motors, EV controllers, air conditioners, and other electrical products. 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 incorporated in 2004 and is headquartered in Jinhua, the People’s Republic of China.

516 Employees
Last Reported Date: 03/16/15

kandi technologies group inc (KNDI) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $29.3K
Chief Financial Officer and Director
Total Annual Compensation: $19.5K
Compensation as of Fiscal Year 2014.

kandi technologies group inc (KNDI) Key Developments

Kandi Technologies Group Names Wang Cheng as New Chief Financial Officer, Effective May 1, 2015

Effective May 1, 2015, Mr. Wang Cheng (Henry Wang) will be new Chief Financial Officer ("CFO") of Kandi Technologies Group, Inc. The Company's current CFO, Ms. Zhu Xiaoying, will resign from her position as the Company's CFO but will remain to be the CFO of Zhejiang Kandi Vehicles Co. Ltd., a wholly-owned subsidiary of the Company, effective April 30, 2015. Wang Cheng (Henry Wang), 42 years old, has over 20 years of international financial management experience. Before joining the Company, Mr. Wang served as CFO for Shanghai Always Marketing Service Co., LTD., leading its procurement and finance departments since May 2014.

Kandi Technolgies Group, Inc. Reports Consolidated Earnings Results for the Year Ended December 31, 2014

Kandi Technolgies Group, Inc. reported consolidated earnings results for the year ended December 31, 2014. For the year, total revenues grew 80.1% to $170.2 million from $94.5 million reported in 2013. GAAP net income in 2014 was $12.3 million, or approximately $0.29 per fully diluted share, a 158.0% increase compared to a net loss of $21.1 million, or $0.61 per diluted share reported in 2013. Non-GAAP adjusted net income, which excludes stock award expense and change in the fair value of financial derivatives, was $14.2 million, or $0.33 per fully diluted share, a 174.8% increase from $5.2 million for 2013. Income from operations was $5.2 million against $1.6 million reported last year. Income before provision for income taxes was $14.7 million against loss before provision for income taxes of $19.5 million reported last year. Net cash used in operating activities was $7.45 million against net cash provided by operating activities of $14.7 million reported last year. Purchases of plant and equipment, net was $2.1 million against $0.2 million reported last year.

Kandi Technolgies Group, Inc. Announces Conclusion of SEC Investigation

Kandi Technolgies Group, Inc. announced that it received a letter dated February 9, 2015 from the staff of the Enforcement Division of the U. S. Securities and Exchange Commission advising that the Division has concluded its investigation of Kandi and, based on information received to date, does not intend to recommend to the Commission that any enforcement action be brought against Kandi. This formally concludes the SEC's investigation that commenced in 2013. As previously disclosed, Kandi received notice of a formal investigation and a subpoena dated November 21, 2013 in connection with the SEC's investigation.

 

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Industry Average

Valuation KNDI Industry Range
Price/Earnings 43.0x
Price/Sales 3.4x
Price/Book 2.7x
Price/Cash Flow 46.6x
TEV/Sales 3.0x
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