Last $0.97 USD
Change Today +0.0799 / 8.98%
Volume 56.5K
As of 8:10 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

kingold jewelry inc (KGJI) Snapshot

Open
$0.88
Previous Close
$0.89
Day High
$0.97
Day Low
$0.87
52 Week High
02/3/14 - $1.86
52 Week Low
12/12/14 - $0.71
Market Cap
64.0M
Average Volume 10 Days
100.9K
EPS TTM
$0.69
Shares Outstanding
66.0M
EX-Date
06/26/14
P/E TM
1.4x
Dividend
--
Dividend Yield
8.25%
Current Stock Chart for KINGOLD JEWELRY INC (KGJI)

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kingold jewelry inc (KGJI) Details

Kingold Jewelry, Inc. designs, manufactures, and sells gold jewelry, ornaments, and investment-oriented products in the People’s Republic of China. It provides a range of gold products, including gold necklaces, rings, earrings, bracelets, pendants, and gold bars. The company sells its products under the Kingold brand directly to distributors, retailers, and wholesalers covering 25 provinces in the People’s Republic of China. Kingold Jewelry, Inc. is based in Wuhan, the People’s Republic of China.

532 Employees
Last Reported Date: 03/31/14
Founded in 2002

kingold jewelry inc (KGJI) Top Compensated Officers

Founder, Chairman, Chief Executive Officer an...
Total Annual Compensation: $175.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $135.0K
Vice President and Director
Total Annual Compensation: $158.4K
Compensation as of Fiscal Year 2013.

kingold jewelry inc (KGJI) Key Developments

Kingold Jewelry, Inc. Reports Unaudited Consolidated Earnings and Operating Results for the Third Quarter and Nine Months Ended September 30, 2014; Reiterates Production Guidance for 2014

Kingold Jewelry, Inc. reported unaudited consolidated earnings and operating results for the third quarter and nine months ended September 30, 2014. For the quarter, the company's net sales decreased to $251.0 million compared to $283.9 million reported a year ago, primarily due to an overall decrease in the price of gold during the quarter. Net income was $5.2 million, or $0.08 per diluted share, compared to $11.0 million, or $0.17 per diluted share reported a year ago. The decrease in Net Sales were primarily due to an overall decrease in the price of gold in the third quarter of 2014. The company reported income from operations of $7.61 million and income from operations before taxes of $7.03 million compared to income from operations of $15.32 million and income from operations before taxes of $15.23 million reported a year ago. For the nine months, net sales increased to $898.2 million compared to $872.3 million reported a year ago. Net income increased 92.8% to $39.2 million, or $0.59 per diluted share, from $20.4 million, or $0.32 per diluted share reported a year ago. Book value per diluted share of $3.77 at September 30, 2014 compared to $3.35 at December 31, 2013. The increase in Net Sales were primarily driven by increased branded production in the amount of $113.2 million, offset by approximately $97.3 million due to the decrease in the price of gold, with the remaining increase due to gains from exchange rate fluctuations. Net cash provided by operating activities was $6.5 million compared with net cash provided by operating activities of $6.3 million for the same period in 2013. The change was mainly because of the increase in net income, which was offset by the increase in inventory. The company reported income from operations of $55.06 million and income from operations before taxes of $53.52 million compared to income from operations of $28.37 million and income from operations before taxes of $28.08 million reported a year ago. Purchase of property and equipment was $173,164 compared to $53,669 reported a year ago. In the third quarter of 2014, the company processed approximately 14.5 metric tons of 24-karat gold products, an increase of 11.5% over the 13.0 metric tons processed in the third quarter of 2013. In the nine months of 2014, the company processed approximately 46.9 metric tons of 24-karat gold products compared to 36.8 metric tons processed reported a year ago. Based on its existing resources and capacity, strong demand for 24-karat gold products in China and continued efforts in building market share, the company reiterates that its gold processed is expected to be between 60 metric tons and 70 metric tons during 2014.

Kingold Jewelry, Inc., Q3 2014 Earnings Call, Nov 14, 2014

Kingold Jewelry, Inc., Q3 2014 Earnings Call, Nov 14, 2014

Kingold Jewelry Announces Agreement to Manufacture Investment-Gold Products for Hubei Bank Corporation Limited

Kingold Jewelry, Inc. announced that it has signed a Cooperation Agreement of Precious Metal Products with Hubei Bank Corporation Limited (Hubei Bank) on October 28, 2014 to design and manufacture investment-gold products for resale by Hubei Bank to its customers throughout the province. Under the agreement, Kingold will design and manufacture 24-karat gold investment-oriented products, including coins, bars and ornaments, on behalf of Hubei Bank. This partnership marks the seventh that the Company has entered since launching its investment gold business in 2012, as Hubei Bank joins Kingold's other bank partners, including: Bank of Communications, China Merchant Bank, CITIC Bank, Wuhan Rural Commercial Bank, China Construction Bank, and Xingye Bank.

 

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Price/Book 0.3x
Price/Cash Flow 1.3x
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