China Growth Stocks

[SaltyDawg]

KNDI: Huge results!

Additionally, they state guidance of $40M by years end!

Financial Highlights

-- On a non-GAAP basis which excludes certain non-cash charges,
(see below), the Company reported adjusted net income of $1.4mm in its
2010 third quarter, up 57% from adjusted net income of $0.9mm in the
same period last year.
-- Adjusted net income in the first nine months of 2010 grew 188% to
$3.1mm, compared with $1.1mm in the first nine months of 2009.
-- Led by recreational vehicle sales, 2010 third quarter sales grew 9% to
$10.5mm compared with $9.6mm in the prior year period.
-- Reflecting the continuing recovery in sales of the Company's
traditional recreational vehicles, and a strong second quarter
contribution from U.S. sales of the super mini Kandi "CoCo," nine month
revenues increased 50% to $28.6mm, compared with $19.1mm in the
comparable period last year.
-- Net cash provided by operations through the first nine months of 2010
was $7.4mm.
http://articles.moneycentral.msn.com/news/article.aspx?Feed=MW&Date=20101115&ID=12395744&Symbol=KNDI