This archived issue is not backfilled with observations from a later screening run.
Issue 002 | U.S. Pilot | US
KNDI
Kandi Technologies Group, Inc.
Screen state: Passing
Source state: Verified
20-F | 2026-04-28
Filing currency: USD
Internal NCAV Discount
65.8%
GNNI internal NCAV discount calculation. Market context inputs are retained internally and are not displayed.
- Current Assets
- 301,077,566USD
- Total Liabilities
- 129,601,958USD
- NCAV
- 171,475,608USD
- Cash
- 35,531,096USD
- NCAV per share
- 2.07USD/share
- Evidence
- 2 annual | 0 quarterly
Mary filing review
Financial Statement Evidence
Deterministic observations from the frozen Mary Reason Card. They annotate filing evidence and do not determine screen inclusion.
Business Profile
Published only when a substantive filing-text profile has been prepared for this issue.
Not available for this issue.
A substantive filing-text profile was not prepared for this company. Financial statement evidence and filing links remain available above for direct inspection.
Known Unknowns
Only 0 quarterly periods available from Data Vault for this company.
quarterly periods are missing
Medium | Share Count
The current U.S. Pilot does not yet evaluate share-count trends or post-filing dilution beyond Mary's screening flags.
Low | Classification
U.S. Pilot rows are surfaced for source inspection and may still need manual business classification review.
Annual Financials
Latest annual periods, newest first. Missing cells render as n/a.
| Metric |
2025-12-31
20-F
USD
|
2024-12-31
20-F
USD
|
|---|---|---|
| Revenue | 87,439,981 | 127,569,613 |
| Operating Income | -57,175,007 | -68,781,921 |
| Net Income | -93,883,973 | -50,495,663 |
| Cash From Operations | 96,807,342 | -17,820,412 |
| Capex | -428,840 | -934,985 |
| Free Cash Flow | 96,378,502 | -18,755,397 |
| Cash And Equivalents | 35,531,096 | 37,307,867 |
| Accounts Receivable | 22,478,579 | 26,462,884 |
| Inventory | 26,360,506 | 51,268,075 |
| Total Current Assets | 301,077,566 | 354,648,028 |
| Total Assets | 399,662,306 | 473,896,621 |
| Total Current Liabilities | 128,416,215 | 120,394,903 |
| Total Liabilities | 129,601,958 | 127,267,155 |
| Shareholders Equity | 270,061,092 | 344,699,033 |
| Shares Outstanding | 82,705,365 | 85,475,666 |
| Shares Outstanding Diluted | n/a | n/a |
| Weighted Avg Shares Diluted | 83,611,267 | 86,317,058 |
| Weighted Avg Shares Basic | 83,611,267 | 86,317,058 |
| Net Share Count Change (Normalized) | Insufficient evidence | Insufficient evidence |
| Ownership Claim Change (Normalized) | Insufficient evidence | Insufficient evidence |
Quarterly Financials
Latest quarterly periods, newest first. Periods are shown only when Data Vault has them.
Only 0 quarterly periods available from Data Vault for this company.
| Metric |
|---|
| Revenue |
| Operating Income |
| Net Income |
| Cash From Operations |
| Capex |
| Free Cash Flow |
| Cash And Equivalents |
| Total Current Assets |
| Total Liabilities |
| Shares Outstanding |
| Shares Outstanding Diluted |
| Weighted Avg Shares Diluted |
| Weighted Avg Shares Basic |
| Net Share Count Change (Normalized) |
| Ownership Claim Change (Normalized) |
Audit Trail
NCAV Audit
Official-source inputs remain linked to filing provenance. Derived values are labeled as such.
| Input | Value | Source concept | Filing period | Confidence | Provenance |
|---|---|---|---|---|---|
| Current Assets | 301,077,566USD | us-gaap:AssetsCurrent | 2025-12-31 | 1.00 |
Data Vault | sec/companyfacts/cik=0001720250/companyfacts.json Data Vault | sec/companyfacts/cik=0001720250/companyfacts.json |
| Total Liabilities | 129,601,958USD | us-gaap:Liabilities | 2025-12-31 | 1.00 |
Data Vault | sec/companyfacts/cik=0001720250/companyfacts.json Data Vault | sec/companyfacts/cik=0001720250/companyfacts.json |
| Cash | 35,531,096USD | us-gaap:CashAndCashEquivalentsAtCarryingValue | 2025-12-31 | 1.00 |
Data Vault | sec/companyfacts/cik=0001720250/companyfacts.json Data Vault | sec/companyfacts/cik=0001720250/companyfacts.json |
| Shares Outstanding | 82,705,365 | dei:EntityCommonStockSharesOutstanding | 2025-12-31 | 1.00 |
Data Vault | sec/companyfacts/cik=0001720250/companyfacts.json Data Vault | sec/companyfacts/cik=0001720250/companyfacts.json |
| NCAV | 171,475,608USD | derived | 2025-12-31 | n/a | company-evidence-v1 | total_current_assets - total_liabilities |
| NCAV per share | 2.07USD | derived | 2025-12-31 | n/a | company-evidence-v1 | NCAV / shares_outstanding |
| Internal NCAV Discount | 65.8% | derived | 2025-12-31 | n/a | gnni_publication_pack | internal_discount |
NCAV = total_current_assets - total_liabilities | NCAV per share = NCAV / shares_outstanding
Source Provenance
- Data Source
- Data Vault
- Data Vault Root
- Local evidence | The Data Vault
- CIK
- 0001720250
- Company ID
- n/a
- Selected Annual Source
- Data Vault | sec/companyfacts/cik=0001720250/companyfacts.json
- Selected Quarterly Source
- Data Vault | sec/companyfacts/cik=0001720250/companyfacts.json
- Statement Extractor
- companyfacts-screener-v1
- View Extractor
- companyfacts-screener-v1
- Source Accession Count
- 2
- Imported At
- 2026-08-15T12:52:19+00:00
- Rendered At
- 2026-08-16T03:29:43+00:00
Run Audit
- Mary Run
- f75c5d221f074da8a489fba328e8ef51
- Mary As Of
- 2026-07-18
- Accession
- 0001213900-26-048312
- CIK
- 0001720250
- Mary Filing Date
- 2026-04-28
- Filing Currency
- USD
- Internal Discount
- 65.8%
- Source State
- Verified
- Market Context
- Not Displayed
- Market Policy
- internal_only_not_redistributed
- Share Trend
- Not Evaluated
- Dilution
- Needs Review
mary_run=f75c5d221f074da8a489fba328e8ef51; mary_as_of=2026-07-18; mary_filing_date=2026-04-28; mary_accession=0001213900-26-048312; mary_cik=0001720250; gnni_supporting_filing_date=2026-04-28; internal_discount=0.657556; mary_reason=Mary's deterministic net-net screen flagged this candidate. The internal discount is shown; raw market-data fields are not published in this pilot.