Kandi Technologies Group Inc
Kandi Technologies Group, Inc., together with its subsidiaries, produces and sells electric off-road vehicles and associated parts in the People's Republic of China, the United States, and internationally. The company offers all-terrain vehicles, utility vehicles, go-karts, golf carts, electric scooters, and electric self-balancing scooters for leisure and entertainment, agricultural operations, … Read more
Kandi Technologies Group Inc (KNDI) - Net Assets
Latest net assets as of June 2025: $355.95 Million USD
Based on the latest financial reports, Kandi Technologies Group Inc (KNDI) has net assets worth $355.95 Million USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($443.35 Million) and total liabilities ($87.39 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $355.95 Million |
| % of Total Assets | 80.29% |
| Annual Growth Rate | 97.53% |
| 5-Year Change | -14.15% |
| 10-Year Change | 45.08% |
| Growth Volatility | 340.18 |
Kandi Technologies Group Inc - Net Assets Trend (2004–2024)
This chart illustrates how Kandi Technologies Group Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Kandi Technologies Group Inc (2004–2024)
The table below shows the annual net assets of Kandi Technologies Group Inc from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $346.63 Million | -14.73% |
| 2023-12-31 | $406.51 Million | +2.22% |
| 2022-12-31 | $397.69 Million | -10.27% |
| 2021-12-31 | $443.20 Million | +9.77% |
| 2020-12-31 | $403.77 Million | +85.34% |
| 2019-12-31 | $217.86 Million | -3.44% |
| 2018-12-31 | $225.62 Million | +1.18% |
| 2017-12-31 | $222.99 Million | -4.03% |
| 2016-12-31 | $232.35 Million | -2.75% |
| 2015-12-31 | $238.93 Million | +12.92% |
| 2014-12-31 | $211.58 Million | +139.01% |
| 2013-12-31 | $88.53 Million | +18.79% |
| 2012-12-31 | $74.52 Million | +33.44% |
| 2011-12-31 | $55.85 Million | +25.58% |
| 2010-12-31 | $44.47 Million | +102.42% |
| 2009-12-31 | $21.97 Million | +19.21% |
| 2008-12-31 | $18.43 Million | +41.32% |
| 2007-12-31 | $13.04 Million | +228338.38% |
| 2006-12-31 | $-5.71K | 0.00% |
| 2005-12-31 | $-5.71K | -1447.64% |
| 2004-12-31 | $424.00 | -- |
Equity Component Analysis
This analysis shows how different components contribute to Kandi Technologies Group Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 6680479600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $87.55K | 0.03% |
| Other Comprehensive Income | $-48.10 Million | -13.95% |
| Other Components | $459.54 Million | 133.32% |
| Total Equity | $344.70 Million | 100.00% |
Kandi Technologies Group Inc Competitors by Market Cap
The table below lists competitors of Kandi Technologies Group Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Doosan Solus Co Ltd Pref 1P
KO:33637K
|
$73.76 Million |
|
HANSARD GLOBAL PLC LS-50
F:H9G
|
$73.76 Million |
|
Simpac
KO:009160
|
$73.77 Million |
|
Shanghai Jinjiang International Travel Co Ltd
SHG:900929
|
$73.78 Million |
|
Bank Multiarta Sentosa PT
JK:MASB
|
$73.73 Million |
|
VIA RENEWABLES PFD.SE.A
F:SLE1
|
$73.68 Million |
|
Quantum eMotion Inc
OTCQB:QNCCF
|
$73.65 Million |
|
Ace Pillar Co Ltd
TW:8374
|
$73.62 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kandi Technologies Group Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 404,124,976 to 344,699,033, a change of -59,425,943 (-14.7%).
- Net loss of 50,496,000 reduced equity.
- Share repurchases of 3,920,000 reduced equity.
- Other comprehensive income decreased equity by 11,127,149.
- Other factors increased equity by 6,117,206.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-50.50 Million | -14.65% |
| Share Repurchases | $3.92 Million | -1.14% |
| Other Comprehensive Income | $-11.13 Million | -3.23% |
| Other Changes | $6.12 Million | +1.77% |
| Total Change | $- | -14.70% |
Book Value vs Market Value Analysis
This analysis compares Kandi Technologies Group Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.26x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | $0.00 | $1.05 | x |
| 2004-12-31 | $0.00 | $1.05 | x |
| 2005-12-31 | $0.00 | $1.05 | x |
| 2006-12-31 | $0.00 | $1.05 | x |
| 2007-12-31 | $0.81 | $1.05 | x |
| 2008-12-31 | $0.92 | $1.05 | x |
| 2009-12-31 | $1.02 | $1.05 | x |
| 2010-12-31 | $2.01 | $1.05 | x |
| 2011-12-31 | $1.94 | $1.05 | x |
| 2012-12-31 | $2.51 | $1.05 | x |
| 2013-12-31 | $2.55 | $1.05 | x |
| 2014-12-31 | $4.95 | $1.05 | x |
| 2015-12-31 | $5.09 | $1.05 | x |
| 2016-12-31 | $4.95 | $1.05 | x |
| 2017-12-31 | $4.65 | $1.05 | x |
| 2018-12-31 | $4.41 | $1.05 | x |
| 2019-12-31 | $4.16 | $1.05 | x |
| 2020-12-31 | $7.22 | $1.05 | x |
| 2021-12-31 | $5.82 | $1.05 | x |
| 2022-12-31 | $5.25 | $1.05 | x |
| 2023-12-31 | $5.06 | $1.05 | x |
| 2024-12-31 | $4.00 | $1.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kandi Technologies Group Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -14.65%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -39.58%
- • Asset Turnover: 0.27x
- • Equity Multiplier: 1.37x
- Recent ROE (-14.65%) is above the historical average (-537.34%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 0.00% | 0.00% | 0.00x | 0.00x | $-23.45K |
| 2004 | -11865.09% | 0.00% | 0.00x | 11.14x | $-50.35K |
| 2005 | 0.00% | 0.00% | 0.00x | 0.00x | $-5.57K |
| 2006 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.42K |
| 2007 | 38.56% | 14.49% | 0.62x | 4.27x | $3.72 Million |
| 2008 | 26.71% | 12.15% | 0.58x | 3.78x | $3.08 Million |
| 2009 | 4.55% | 2.96% | 0.53x | 2.92x | $-1.20 Million |
| 2010 | -2.14% | -2.22% | 0.39x | 2.46x | $-5.40 Million |
| 2011 | 16.32% | 22.69% | 0.36x | 2.01x | $3.53 Million |
| 2012 | 8.12% | 9.38% | 0.40x | 2.15x | $-1.40 Million |
| 2013 | -23.88% | -22.36% | 0.46x | 2.31x | $-29.99 Million |
| 2014 | 5.80% | 7.21% | 0.53x | 1.53x | $-8.89 Million |
| 2015 | 6.14% | 7.29% | 0.54x | 1.55x | $-9.23 Million |
| 2016 | -2.80% | -5.03% | 0.29x | 1.89x | $-29.75 Million |
| 2017 | -12.71% | -27.57% | 0.23x | 1.97x | $-50.65 Million |
| 2018 | -2.52% | -5.06% | 0.26x | 1.90x | $-28.26 Million |
| 2019 | -3.30% | -5.30% | 0.37x | 1.70x | $-28.97 Million |
| 2020 | -2.57% | -13.51% | 0.16x | 1.23x | $-50.77 Million |
| 2021 | 5.16% | 24.99% | 0.18x | 1.17x | $-21.46 Million |
| 2022 | -3.05% | -10.29% | 0.24x | 1.22x | $-51.82 Million |
| 2023 | 0.00% | 0.01% | 0.25x | 1.23x | $-40.41 Million |
| 2024 | -14.65% | -39.58% | 0.27x | 1.37x | $-84.97 Million |
Industry Comparison
This section compares Kandi Technologies Group Inc's net assets metrics with peer companies in the Recreational Vehicles industry.
Industry Context
- Industry: Recreational Vehicles
- Average net assets among peers: $132,606,330
- Average return on equity (ROE) among peers: -14.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kandi Technologies Group Inc (KNDI) | $355.95 Million | 0.00% | 0.25x | $73.75 Million |
| Alternet Systems Inc (ALYI) | $-168.02K | 0.00% | 0.00x | $74.94K |
| Brunswick Corporation (BC) | $1.10 Billion | 7.12% | 2.09x | $4.64 Billion |
| Bénéteau S.A (BTEAF) | $644.12 Million | 7.68% | 1.17x | $279.12 Million |
| Ev Dynamics (Holdings) Limited (CHDHF) | $21.54 Million | -64.69% | 0.65x | $2.95 Million |
| Curtiss Motorcycles Company Inc (CMOT) | $-1.30 Million | 0.00% | 0.00x | $411.06K |
| BRP Inc (DOOO) | $-474.90 Million | 0.00% | 0.00x | $2.73 Billion |
| Evil Empire Designs Inc. (EVVL) | $-119.34K | 0.00% | 0.00x | $5.82K |
| EZGO Technologies Ltd (EZGO) | $33.54 Million | -19.27% | 0.42x | $263.57K |
| Folkup Development Inc (FLDI) | $2.16K | -39.02% | 0.41x | $4.00 Million |
| Forza X1 Inc (FRZA) | $1.54 Million | -34.59% | 0.45x | $1.73 Million |