Why did KXIN's EPS surge in Q2 2019?

Kaixin Auto Holdings (KXIN) experienced a significant surge in its EPS from -$0.39 in Q2 2018 to $1.67 in Q2 2019, primarily driven by the following factors:

1. **Business Combination with Renren**: The successful consummation of the business combination with Renren Inc.'s Kaixin Auto Group in April 2019 played a pivotal role in enhancing Kaixin's financial performance. This transaction not only provided Kaixin with additional resources but also expanded its business scope and market reach.
2. **Auto Retail Platform**: As an auto retail platform for luxury used cars and imported new cars, Kaixin has been actively involved in the research and development, design, manufacturing, and sales of electric vehicles. The company's focus on innovation in autonomous driving and artificial intelligence technologies has positioned it well to capitalize on the growing demand for electric and luxury vehicles in the Chinese market.

In conclusion, KXIN's EPS surge in Q2 2019 can be attributed to the business combination with Renren and its position as a leading auto retail platform in China, which has allowed it to leverage the growing demand for luxury and electric vehicles.

|code|Ticker|Name|Date|Net Income YoY|Net Income|market_code|
|---|---|---|---|---|---|---|
|KXIN|KXIN.O|Kaixin|2018 Q3|32309.41267989109|828104|186|
|KXIN|KXIN.O|Kaixin|2018 Q4|100.38872765777104|111526|186|
|KXIN|KXIN.O|Kaixin|2019 Q1|37.669437806636715|726483|186|
|KXIN|KXIN.O|Kaixin|2019 Q2|888.0192840291311|7.6824E7|186|