Kandi Technologies Group Reports Q2 2025 Earnings: Revenue Down 48%, EPS at $0.02

Kandi Technologies Group reported 1H 2025 earnings with a revenue of $36.3m, down 48% from 1H 2024. Net income was $1.72m, down 39% from 1H 2024, and EPS was $0.02, down from $0.033 in 1H 2024. Profit margin increased to 4.8% from 4.1% in 1H 2024.

Kandi Technologies Group, Inc. (KNDI) has released its unaudited financial results for the first half of 2025, revealing a significant decline in its financial performance. The company reported a 48% drop in revenue to $36.3 million, down from $69.8 million in the same period last year. Net income also decreased by 39% to $1.72 million, compared to $2.72 million in 1H 2024. Earnings per share (EPS) fell to $0.02, down from $0.033 in 1H 2024 [4].

Despite the revenue and net income decline, Kandi Technologies maintained a strong financial position with $256.7 million in cash and cash equivalents as of June 30, 2025, up from $126.3 million at the end of 2024 [4]. The company's gross margin improved to 45.2% from 31.7% in 1H 2024, driven by changes in product mix and regional revenue distribution [4].

Operating expenses decreased by 21.4% to $18.3 million, while research and development expenses increased by 48.5% to $2.5 million, primarily due to a new battery project [4]. Selling and marketing expenses also decreased by 35.8% to $4.5 million, and general and administrative expenses fell by 22.6% to $11.3 million [4].

Kandi Technologies' stock has been rated as a Hold by analysts, with a $1.50 price target, and the company's overall stock score is primarily impacted by its weak financial performance and poor valuation metrics [1]. The company has a history of exceeding earnings per share (EPS) and revenue estimates, having done so 100% of the time over the past year [3].

The upcoming earnings announcement on August 19th will provide investors with further insights into Kandi Technologies' performance during the first half of 2025. Given the company's track record of exceeding estimates, investors will be closely watching for any signs of continued growth or potential challenges that may impact future performance.

References:

[1] https://www.tipranks.com/news/company-announcements/kandi-technologies-reports-decline-in-h1-2025-financial-performance
[2] https://www.marketscreener.com/news/kandi-technologies-group-inc-reports-earnings-results-for-the-half-year-ended-june-30-2025-ce7c51ddda8ff12c
[3] https://www.ainvest.com/news/kandi-technologies-1h-earnings-preview-strong-track-record-beating-estimates-2508-69/
[4] https://www.morningstar.com/news/globe-newswire/9514570/kandi-technologies-reports-first-half-of-2025-unaudited-financial-results