Kandi Technologies Reports First Quarter 2016 Financial Results
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May 10, 2016 1:30 PM EDT
Kandi Technologies Group (NASDAQ: KNDI) ticked lower following a cautious mention from short seller unemon.
$KNDI can not even add numbers in its Cash Flow Statements! ... Do your math. Were is the 34.781m missing??? ... pic.twitter.com/T4JOkqmKtv
unemon (@unemon1)
May 10, 2016
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May 10, 2016 7:11 AM EDT
Kandi Technologies Group (NASDAQ: KNDI) reported Q1 EPS of $0.08, versus $0.07 reported last year. Revenue for the quarter came in at $50.7 million, versus $43.8 million reported last year.
In this quarter, various elements, including the newly approved product list from Ministry of Industrial and Information Technology of China (MIIT) for national subsidies and the subsequent pending of the list of vehicles entitled to purchase tax exemption from the National Tax Bureau heavily impacted the JV Companys sales and also Kandis financial performance, commented Mr. Hu Xiaoming, Chairman and Chief Executive Officer of Kandi, After... More
