Revenues of Kandi Technologies Group Inc's Suppliers, deteriorated by -0.72 % compared to the same quarter a year ago, from the previous quarter, sales fell by -2.18 %, Kandi Technologies Group Inc's cost of sales deteriorated by -6.58 % year on year, sequentially cost of sales grew by 14.8 % in Q3.
Kandi Technologies Group Inc's Suppliers realized a deteriorated in sales by -0.72 % compared to the same quarter a year ago, from the previous quarter, sales fell by -2.18 %, Kandi Technologies Group Inc's cost of sales deteriorated by -6.58 % year on year, sequentially cost of sales grew by 14.8 % in Q3.
Kandi Technologies Group Inc's Comment on Supply Chain
The Company purchases raw materials from several key suppliers and maintains close relationships with them. Its operating subsidiaries source components from multiple third-party suppliers and do not anticipate difficulties in obtaining necessary materials. For the years ended December 31, 2023 and 2022, Zhejiang Kandi Supply Chain Management Co., Ltd. was a major supplier, accounting for more than 10% of total purchases. Zhejiang Kandi Technologies holds a 10% equity interest in Zhejiang Kandi Supply Chain Management Co., Ltd. The Company considers its supply sources adequate to meet manufacturing and supply requirements.
Kandi Technologies Group Inc's Comment on Supply Chain
The Company purchases raw materials from several key suppliers and maintains close relationships with them. Its operating subsidiaries source components from multiple third-party suppliers and do not anticipate difficulties in obtaining necessary materials. For the years ended December 31, 2023 and 2022, Zhejiang Kandi Supply Chain Management Co., Ltd. was a major supplier, accounting for more than 10% of total purchases. Zhejiang Kandi Technologies holds a 10% equity interest in Zhejiang Kandi Supply Chain Management Co., Ltd. The Company considers its supply sources adequate to meet manufacturing and supply requirements.
KNDI's Suppliers Net profit fell by
KNDI's Suppliers Net margin fell in Q3 to
-18.52 %
8.1 %
KNDI's Suppliers Net profit fell by -18.52 %
KNDI's Suppliers Net margin fell in Q3 to 8.1 %
Kandi Technologies Group Inc's Suppliers Sales Growth
in Q3 2023 by Industry
Sources:
Kandi Technologies Group Inc 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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