{"id":27965,"date":"2014-08-12T09:34:48","date_gmt":"2014-08-12T13:34:48","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=27965"},"modified":"2014-08-12T09:34:48","modified_gmt":"2014-08-12T13:34:48","slug":"kandi-technologies-group-inc-nasdaqkndi-reports-171-1-higher-revenues-in-q2-2014-on-yoy-basis","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/kandi-technologies-group-inc-nasdaqkndi-reports-171-1-higher-revenues-in-q2-2014-on-yoy-basis-27965","title":{"rendered":"Kandi Technologies Group Inc. (NASDAQ:KNDI) Reports 171.1% Higher Revenues in Q2 2014 on YOY Basis"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 08\/12\/2014 (wallstreetpr) \u2013<b> Kandi Technologies Group Inc. (NASDAQ:KNDI) <\/b>has recently announced the financial results for Q2 2014. According to reports, the company has managed to earn excellent revenues in the second <a href=\"http:\/\/online.wsj.com\/article\/PR-CO-20140811-905876.html\" target=\"_blank\">quarter<\/a>.<\/p>\n<p style=\"text-align: justify;\"><b>Financial Results of Q2 2014: <\/b><\/p>\n<p style=\"text-align: justify;\">Previous year proved to be a decent year for Kandi Technologies Group Inc. (NASDAQ:KNDI), and it managed to post revenue figure of $12.16 in Q2, but over the past twelve months, the company has grown at a good rate. According to reports made public by the company, Q2 2014 revenue is $32.96 million, which means that the exact growth rate of company in terms of revenue is 171.1% on YOY basis. The company has also registered eye-popping growth in other areas like &#8216;Electric Vehicle&#8217; revenue. The growth rate of company in terms of EV over a period of twelve months is 552.1%. The EV figure was just $2.03 million in Q2 2013, whereas it was $13.25 million in Q2 2014.<\/p>\n<p style=\"text-align: justify;\">The operating income of Kandi Technologies Group Inc. (NASDAQ:KNDI) has grown with a significant rate of 261.0% over last twelve months. It was $0.73 million in Q2 2013; while in Q2 2014 OE was $2.64 million. The company reported a GAAP net income of $11.16 million ($0.27 per share) in Q2 2014 in comparison with a net loss of $1.04 million ($0.03 per share) in Q2 2013. KNDI has grown with an excellent rate of 1168.4% in terms of GAAP income.<\/p>\n<p style=\"text-align: justify;\"><b>Reasons Behind Excellent Market Performance: <\/b><\/p>\n<p style=\"text-align: justify;\">According to reports, the main reason behind the excellent growth of Kandi Technologies Group Inc. (NASDAQ:KNDI) over past twelve months is but the increment in demand of Group Long-Term Leasing Program and Hangzhou Public EV Sharing System. The areas where the company recorded most demand increment are China and other Asian countries. The Car-Share&#8217; Project or Hangzhou Public EV Sharing System has become one of the most-preferred business models in entire China over the past few months, and soon other countries will also start exploring it.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 08\/12\/2014 (wallstreetpr) \u2013 Kandi Technologies Group Inc. (NASDAQ:KNDI) has recently announced the financial results for Q2 2014. According to reports, the company has [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":27971,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2018],"tags":[7811,6572,824],"stock_ticker":[],"class_list":["post-27965","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-automobile","tag-kandi-technologies-group-inc","tag-kandi-technologies-group-inc-nasdaqkndi","tag-nasdaqkndi","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Kandi Technologies Group Inc. 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According to reports, the company has [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cablemanpro.com\/wallstreetpr\/kandi-technologies-group-inc-nasdaqkndi-reports-171-1-higher-revenues-in-q2-2014-on-yoy-basis-27965\" \/>\n<meta property=\"og:site_name\" content=\"Wall Street PR\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WallStreetPR\/\" \/>\n<meta property=\"article:published_time\" content=\"2014-08-12T13:34:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2014\/08\/logo.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"350\" \/>\n\t<meta property=\"og:image:height\" content=\"111\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Donna Fago\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Donna Fago\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/kandi-technologies-group-inc-nasdaqkndi-reports-171-1-higher-revenues-in-q2-2014-on-yoy-basis-27965#article\",\"isPartOf\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/kandi-technologies-group-inc-nasdaqkndi-reports-171-1-higher-revenues-in-q2-2014-on-yoy-basis-27965\"},\"author\":{\"name\":\"Donna Fago\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/person\/60ece280249b1fa366ae54f87bb8ae84\"},\"headline\":\"Kandi Technologies Group Inc. 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