| Address:
|
JINHUA CITY INDUSTRIAL ZONE
ZHEJIANG PROVINCE |
| City: |
JINHUA |
|
State: |
|
|
Zip Code: |
321016 |
| Telephone: |
(86-0579) 82239851 |
|
Description of Business
|
Primary SIC Code:
3711 |
| (As filed with the SEC)
|
|
|
Except as otherwise indicated by the context, references in this Annual Report
to "we," "us," "our," "Kandi," or the "Company" are to the combined businesses
of Kandi Technologies, Corp. and its subsidiaries.
Introduction
On June 29, 2007, Stone Mountain Resources, Inc., a Delaware corporation ("Stone
Mountain") executed a share exchange agreement (the "Exchange Agreement") with
Continental Development Limited, a Hong Kong corporation ("Continental") and
Excelvantage Group Limited, a British Virgin Islands Company which owned 100% of
Continental (the "Continental Shareholder"). Pursuant to the Exchange Agreement,
Stone Mountain issued 12,000,000 shares of its common stock to the Continental
Shareholder, in exchange for 100% of the common stock of Continental. After the
closing of the Exchange Agreement, Stone Mountain had a total of 19,961,000
shares of common stock outstanding, with the Continental Shareholder owning
60. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 09/2011 | 0.34 | NA | 6.35 | | 06/2011 | 0.24 | NA | 7.54 | | 03/2011 | 0.17 | NA | 18.06 | | 12/2010 | -0.04 | NA | N/E | | 09/2010 | 0.01 | NA | 422.00 | | 06/2010 | 0.12 | NA | 26.08 | | 03/2010 | 0.07 | NA | 70.28 | | 12/2009 | 0.05 | NA | 88.00 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | -0.03 | Total Liab/Total Assets | 0.59 | | Net Inc/Total Assets | -0.01 | Total Liab/Inv Cap | 10.30 | | Net Inc/Inv Cap | -0.15 | Total Liab/Comm Equity | 2.09 | | Pretax Inc/Net Sales | -0.01 | Interest Coverage Ratio | 0.81 | | Net Inc/Net Sales | -0.02 | Curr Debt/Equity | 1.07 | | Cash Flow/Net Sales | 0.10 | LTD/Equity | 0.00 | | SG&A/NetSales | 0.10 | Total Debt/Equity | 1.07 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 1.39 | Quick Ratio | 1.23 | | Inventory Turnover | 5.90 | Current Ratio | 1.33 | | Inventory Day Sales | 0.02 | Net Rec/Curr Assets | 0.58 | | Net Sales/Work Cap | 2.32 | Inv/Curr Assets | 0.08 | | Net Sales/PP&E | 1.79 | | |
Income Statement (Millions) |
| |
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Total Revenues(Net Sales)
|
10.31
|
10.14
|
8.34
|
14.24
|
|
Cost of Goods Sold
|
7.98
|
7.80
|
6.28
|
11.16
|
|
Selling & Admin Exps
|
1.15
|
0.92
|
0.73
|
1.18
|
|
Operating Income
|
0.57
|
0.85
|
0.82
|
1.20
|
|
Interest Exp
|
NA
|
NA
|
NA
|
2.92
|
|
Pretax Income
|
0.50
|
3.81
|
6.03
|
-0.11
|
|
Other Income
|
-0.18
|
2.69
|
5.51
|
-0.40
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
0.38
|
3.62
|
5.94
|
-0.24
|
|
Assets
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Cash & Short Term Investments
|
28.24
|
36.14
|
34.77
|
25.45
|
|
Receivables - Total
|
35.04
|
41.45
|
43.90
|
42.90
|
|
Inventories - Total
|
8.68
|
11.30
|
9.78
|
5.89
|
|
Total Current Assets
|
72.16
|
88.95
|
88.73
|
74.34
|
|
Net Property, Plant & Equipment
|
27.69
|
22.54
|
23.29
|
23.91
|
|
Total Assets
|
111.30
|
122.92
|
123.43
|
109.61
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
7.03
|
6.92
|
6.67
|
8.26
|
|
Debt in Current Liabilities
|
46.13
|
58.94
|
61.78
|
47.47
|
|
Total Current Liabilities
|
53.22
|
65.94
|
68.52
|
55.82
|
|
Long-Term Debt
|
0.00
|
0.00
|
0.00
|
0.00
|
|
Total Liabilities
|
55.06
|
67.50
|
72.46
|
65.14
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
0.03
|
0.03
|
0.03
|
0.03
|
|
Retained Earnings
|
20.04
|
19.66
|
16.03
|
10.10
|
|
Treasury Stock
|
NA
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
56.24
|
55.41
|
50.97
|
44.47
|
|
Total Liabilities and Stockholders' Equity
|
111.30
|
122.92
|
123.43
|
109.61
|
Cash Flow Summary (Millions) |
|
Categories
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Net Cash Provided by Operating Activities
|
10.67
|
5.28
|
-9.44
|
-2.95
|
|
Net Cash Provided by Investing Activities
|
-5.43
|
-0.36
|
4.59
|
-13.72
|
|
Net Cash Provided by Financing Activities
|
-12.50
|
-3.11
|
4.56
|
20.89
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2007 | 0.00 | 0.00 | 0.31 | | 12/2007 | 34.70 | 5.03 | 0.31 | | 12/2008 | 40.51 | 4.92 | 0.23 | | 12/2009 | 33.83 | 1.00 | 0.05 | | 12/2010 | 42.88 | -0.95 | -0.04 | | Growth Rates | Infinity | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 13 | 278 | 1.02 |
|
Report Date :
2/6/2012
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