KNDI - #'s out; another china company hits - Penny Stocks

dreamtick · Tue, 04-01-2008, 11:56 AM

AP
Kandi 2007 Profit Jumps on Higher Sales
Tuesday April 1, 9:21 am ET
Chinese Go-Kart Maker Kandi Technologies Posts Sharply Higher 2007 Profit on Increased Sales

NEW YORK (AP) -- Kandi Technologies Corp., a Chinese manufacturer of go-carts and other small vehicles, said Tuesday its profit more than quadrupled last year as U.S. sales grew.

Net income last year rose to $5 million, or 31 cents per share, compared with $1.1 million, or 10 cents per share, in 2006.

Revenue increased to $34.7 million from $14.5 million a year earlier.

dreamtick · Tue, 04-01-2008, 11:57 AM

large volume and price increase today

dreamtick · Tue, 04-22-2008, 01:11 PM

Says Growing Demand for Go-Karts Also Spurs Need for Expanded Facilities

JINHUA, ZHEJIANG PROVINCE, CHINA--(MARKET WIRE)--Apr 22, 2008 -- Kandi Technologies, Corp. ("Kandi") (OTC BB:KNDI.OB - News), an emerging US traded PRC-based designer, engineer and manufacturer of small vehicles, including ATVs, beach vehicles, golf carts and approximately 15% of China's global export market of go-karts, announced today that to help facilitate the Company's rapid expansion, it expects to close the acquisition by June 30, 2008 of an adjacent 200 acres of land in the Zhejiang Province, which includes a newly built 24,560 square meter production facility and an all terrain vehicle (ATV) testing center.

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Further describing the transaction, the Company said its wholly owned subsidiary, Zhejiang Kandi Vehicles Co., Ltd., will acquire for $12.3 million all of the issued and outstanding shares of Kandi Special Vehicles Co, Ltd, (KSV), which owns the land and facilities, through an agreement with KSV's two sole shareholders, Mr. Lang Jianfeng and Mr. Hu Xintao. Upon completion of the transaction, KSV will become a wholly owned subsidiary of the Company.

Mr. Hu Xiaoming, CEO and Chairman of the Board of Kandi, stated, "The rapid growth of our Company, especially as reflected in the increased demand for go-karts, has made the addition of special-purpose go-kart production facilities a top priority. At the same time, as we move from the trial production in 2007 of our super-mini cars to mass production in 2008, we also require the capacity to accommodate our growth plans for this exciting new product line which we see as a big part of our future."

He added, "We will be able to meet these expansion needs with this acquisition, and by July 1, 2008, we expect to begin to shift all ATV, UTV and go-kart production to the new facility and to utilize our current facilities for ramping up production of our super-mini cars."

dreamtick · Wed, 04-30-2008, 12:13 PM

Dutton Associates updates its coverage of Kandi Technologies

(Nasdaq: KNDI) maintaining a Speculative Buy rating and a price target

of $6.72. The 13-page report by Dutton senior analyst Stanley Ng is

available at Dutton Associates as well as from First Call, Bloomberg

Professional, Zacks, Reuters, Knobias, and other leading financial

portals.

dreamtick · Thu, 05-22-2008, 11:17 AM

Forecasts Estimated Full Year Sales of Super Mini Cars Will Add Substantially to Anticipated Growth of Core ATRV Business

First Quarter Net Income From Continuing Operations Advanced 27.5% on Further Improvement in Gross Profit Margins, as Company Ramped up Sales, Marketing and Production Capacity in Line With Continuing Rapid Growth

Tue, 04-01-2008, 11:56 AM	#1 (permalink)
dreamtick Join Date: Jun 2007 Posts: 12	KNDI - #'s out; another china company hits AP Kandi 2007 Profit Jumps on Higher Sales Tuesday April 1, 9:21 am ET Chinese Go-Kart Maker Kandi Technologies Posts Sharply Higher 2007 Profit on Increased Sales NEW YORK (AP) -- Kandi Technologies Corp., a Chinese manufacturer of go-carts and other small vehicles, said Tuesday its profit more than quadrupled last year as U.S. sales grew. Net income last year rose to $5 million, or 31 cents per share, compared with $1.1 million, or 10 cents per share, in 2006. Revenue increased to $34.7 million from $14.5 million a year earlier.

Tue, 04-22-2008, 01:11 PM	#3 (permalink)
dreamtick Join Date: Jun 2007 Posts: 12	Kandi Paves the Way for Mass Production of Super-Mini Cars With Planned $12.3 Million Says Growing Demand for Go-Karts Also Spurs Need for Expanded Facilities JINHUA, ZHEJIANG PROVINCE, CHINA--(MARKET WIRE)--Apr 22, 2008 -- Kandi Technologies, Corp. ("Kandi") (OTC BB:KNDI.OB - News), an emerging US traded PRC-based designer, engineer and manufacturer of small vehicles, including ATVs, beach vehicles, golf carts and approximately 15% of China's global export market of go-karts, announced today that to help facilitate the Company's rapid expansion, it expects to close the acquisition by June 30, 2008 of an adjacent 200 acres of land in the Zhejiang Province, which includes a newly built 24,560 square meter production facility and an all terrain vehicle (ATV) testing center. ADVERTISEMENT Further describing the transaction, the Company said its wholly owned subsidiary, Zhejiang Kandi Vehicles Co., Ltd., will acquire for $12.3 million all of the issued and outstanding shares of Kandi Special Vehicles Co, Ltd, (KSV), which owns the land and facilities, through an agreement with KSV's two sole shareholders, Mr. Lang Jianfeng and Mr. Hu Xintao. Upon completion of the transaction, KSV will become a wholly owned subsidiary of the Company. Mr. Hu Xiaoming, CEO and Chairman of the Board of Kandi, stated, "The rapid growth of our Company, especially as reflected in the increased demand for go-karts, has made the addition of special-purpose go-kart production facilities a top priority. At the same time, as we move from the trial production in 2007 of our super-mini cars to mass production in 2008, we also require the capacity to accommodate our growth plans for this exciting new product line which we see as a big part of our future." He added, "We will be able to meet these expansion needs with this acquisition, and by July 1, 2008, we expect to begin to shift all ATV, UTV and go-kart production to the new facility and to utilize our current facilities for ramping up production of our super-mini cars."

Wed, 04-30-2008, 12:13 PM	#4 (permalink)
dreamtick Join Date: Jun 2007 Posts: 12	Dutton issues new report on KNDI Dutton Associates updates its coverage of Kandi Technologies (Nasdaq: KNDI) maintaining a Speculative Buy rating and a price target of $6.72. The 13-page report by Dutton senior analyst Stanley Ng is available at Dutton Associates as well as from First Call, Bloomberg Professional, Zacks, Reuters, Knobias, and other leading financial portals.

Thu, 05-22-2008, 11:17 AM	#5 (permalink)
dreamtick Join Date: Jun 2007 Posts: 12	Kandi Technologies, Corp. Says First Quarter Revenues Grew 76% Led by Sales of Go-Kar Forecasts Estimated Full Year Sales of Super Mini Cars Will Add Substantially to Anticipated Growth of Core ATRV Business First Quarter Net Income From Continuing Operations Advanced 27.5% on Further Improvement in Gross Profit Margins, as Company Ramped up Sales, Marketing and Production Capacity in Line With Continuing Rapid Growth

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Tue, 04-01-2008, 11:57 AM	#2 (permalink)
dreamtick Join Date: Jun 2007 Posts: 12	large volume and price increase today