Kaixin Holdings
Business
Kaixin Holdings is an automobile retailer operating dealerships in China that sells new and used domestic and imported vehicles, with a focus on premium brands. The company operates integrated online and offline sales channels, including a mobile app, web interfaces, and physical dealership locations. As of December 31, 2025, Kaixin operates one dealership; it previously maintained a network of dealerships focused on tier 2 and below cities but downsized during 2022. The company is exploring expansion into electric vehicles and new energy vehicles through strategic acquisitions and partnerships.
Summary from 20-F filed 2026-04-07
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2018 2018-12-31 | FY 2017 2017-12-31 |
|---|---|---|---|
| Formation and operating costs | 1 | 85,806 | |
| Loss from operations | 1 | 85,806 | |
| Realized loss from sale of investment | −97,758 | — | |
| Interest income | 4 | 423,056 | |
| Total other income | 4 | 423,056 | |
| Net income | 2 | 337,250 | |
| Weighted average shares outstanding, basic and diluted (in shares) | 26 | 6 | |
| Basic and diluted net income per ordinary share (in dollars per share) | 0.09 | 0.06 |
Consolidated Balance Sheet
| Concept | Trend | FY 2018 2018-12-31 | FY 2017 2017-12-31 | FY 2016 2016-12-31 | FY 2016 2016-11-30 |
|---|---|---|---|---|---|
| Cash | 39,643 | 165,405 | — | — | |
| Prepaid assets | 59,096 | 59,096 | 75,000 | — | |
| Total Current Assets | 98,739 | 224,501 | 75,000 | — | |
| Cash and securities held in Trust Account | 210 | 207 | — | — | |
| Total assets | 211 | 207 | 75,000 | — | |
| Accounts payable and accrued expenses | 787,507 | 15,570 | — | — | |
| Due to related parties | 18,918 | 4,289 | 84,502 | — | |
| Due to Sponsor | 500,000 | — | — | — | |
| Total current liabilities | 1 | 19,859 | 84,502 | — | |
| Commitments | — | — | — | — | |
| Ordinary shares subject to possible redemption, 20,424,778 and 20,199,048 shares at redemption value at December 31, 2018 and 2017, respectively | 204 | 202 | — | — | |
| Preferred shares, $0.0001 par value; 2,000,000 shares authorized; no shares issued and outstanding | — | — | — | — | |
| Ordinary shares, $0.0001 par value; 200,000,000 shares authorized; 5,898,314 shares (excluding 20,424,778 shares subject to possible redemption) and 6,124,044 shares (excluding 20,199,048 shares subject to possible redemption) issued and outstanding at December 31, 2018 and 2017, respectively | 590 | 612 | — | — | |
| Additional paid-in capital | 2 | 5 | — | — | |
| Retained earnings | 3 | 327,748 | −9,502 | — | |
| Total shareholders' equity | 5 | 5 | −9,502 | — | |
| Total Liabilities and Shareholders' Equity | 211 | 207 | 75,000 | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2018 2018-12-31 | FY 2017 2017-12-31 |
|---|---|---|---|
| Interest earned on investment held in Trust Account | −4 | −422,918 | |
| Prepaid assets | — | −59,096 | |
| Accounts payable and accrued expense | 771,937 | 15,570 | |
| Due to related parties | 14,630 | 4,289 | |
| Net cash used in operating activities | −625,762 | −124,905 | |
| Principal deposited in Trust Account | — | −206 | |
| Proceeds from sales and redemptions of investment held in Trust Account | 626 | 180 | |
| Purchase of investment held in Trust Account | −626 | −180 | |
| Net cash used in investing activities | — | −206 | |
| Proceeds from initial public offering, net of underwriters' fees | — | 202 | |
| Proceeds from private placement | — | 5 | |
| Proceeds from underwriter's unit purchase option | — | 100 | |
| Proceeds from sale of ordinary shares to initial shareholders | — | 31,038 | |
| Proceeds from sponsor loan | 500,000 | 500,000 | |
| Repayment of Sponsor loan | — | −578,507 | |
| Repayment of advances from related party | — | −84,502 | |
| Payments of deferred offering costs | — | −727,819 | |
| Net cash provided from financing activities | 500,000 | 207 | |
| Net (Decrease) Increase in Cash | −125,762 | 165,405 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Kaixin Holdings's CIK number?
Kaixin Holdings's SEC CIK number is 0001713539 (1713539). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Kaixin Holdings's SEC filings?
All of Kaixin Holdings's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Kaixin Holdings last report earnings?
Kaixin Holdings (KXIN) most recently filed an earnings 8-K with the SEC on May 6, 2019, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001615774-19-007120). This is Kaixin Holdings's most recent earnings filing of record — not a forecast of its next earnings date.
What is Kaixin Holdings's most recent earnings 8-K?
Kaixin Holdings's latest earnings 8-K (Item 2.02) was filed May 6, 2019 under accession 0001615774-19-007120. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Kaixin Holdings's latest earnings 8-K →
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