Kandi Technologies Gross Margin Soars
Kandi Technologies Group(NASDAQ:KNDI) reported its first half 2025 earnings on August 19, 2025, with net revenue of $36.3 million. Net revenue decreased by 39.3% compared to the same period in 2024, but gross margin rose to 45.2%, up from 31.7% in the same period of 2024. Management highlighted a major channel realignment, substantial progress in new product and technology segments, and maintained an exceptionally strong cash position of $256.7 million as of June 30, 2025.
Net revenue (GAAP) decreased by $23.5 million year-over-year, yet disciplined inventory management and cost controls improved product mix, as gross profit margin rose to 45.2%, up from 31.7% in the same period of 2024. This margin expansion coincided with a 51.3% decline in cost of goods sold compared to the same period in 2024, suggesting effective operational adjustments despite market contraction.
This sharp margin improvement amidst steep revenue declines signals reinforced pricing discipline and increased operational efficiency, supporting near-term profitability and long-term business resilience despite lower topline sales, as evidenced by a gross margin of 45.2% (GAAP).
Source Fool.com
