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Last $0.67 USD
Change Today -0.03 / -4.29%
Volume 49.2K
As of 8:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

kingold jewelry inc (KGJI) Snapshot

Open
$0.71
Previous Close
$0.70
Day High
$0.71
Day Low
$0.67
52 Week High
09/12/14 - $1.50
52 Week Low
08/24/15 - $0.50
Market Cap
44.2M
Average Volume 10 Days
198.2K
EPS TTM
$0.31
Shares Outstanding
66.0M
EX-Date
06/26/14
P/E TM
2.2x
Dividend
--
Dividend Yield
--
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 and Chinese ornaments in the People’s Republic of China. It offers a range of in-house designed products, including gold necklaces, rings, earrings, bracelets, and pendants. The company sells its products under the Kingold brand directly to distributors, retailers, and other wholesalers. Kingold Jewelry, Inc. is based in Wuhan, the People’s Republic of China.

550 Employees
Last Reported Date: 03/31/15

kingold jewelry inc (KGJI) Top Compensated Officers

Founder, Chairman, Chief Executive Officer, P...
Total Annual Compensation: $175.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $135.0K
Vice President and Director
Total Annual Compensation: $158.4K
Executive, General Manager and Director
Total Annual Compensation: $15.6K
Compensation as of Fiscal Year 2014.

kingold jewelry inc (KGJI) Key Developments

Kingold Jewelry, Inc. Reports Unaudited Consolidated Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Production and Sales Guidance for 2015

Kingold Jewelry, Inc. reported unaudited consolidated earnings and production results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net sales of $249,421,052 against $339,766,164 a year ago. The decrease in Net Sales were primarily due to decreased production and sales volume as well as a decrease in the average selling price for branded and customized production and gold trade-in. Income from operations was $89,584 against $22,808,314 a year ago. Income from operation before tax was $145,301 against $22,525,446 a year ago. Net income attributable to common stockholders was $573,619 or $0.01 per diluted share against $16,810,518 or $0.25 per diluted share a year ago. The company has achieved a significant this quarter of net profit despite a significant inventory write-down, given the unexpected drop of gold price and succeeding lower demand for gold products. The company's book value per diluted share was $4.05 at June 30, 2015 compared to $2.91 at December 30, 2014. For the six months, the company reported net sales of $455,616,272 against $647,219,263 a year ago. Income from operations was $8,935,435 against $47,447,520 a year ago. Income from operation before tax was $8,710,884 against $46,486,129 a year ago. Net income attributable to common stockholders was $7,154,826 or $0.11 per diluted share against $34,007,610 or $0.51 per diluted share a year ago. Net cash used in operating activities was $23,630,312 against net cash provided by operating activities of $8,750,086 a year ago. The change was mainly due to the decrease in net income and a $10.3 million write-down of inventory reflecting the decline in gold prices. Purchase of property and equipment was $29,825 against $150,718 a year ago. For the quarter, the company processed approximately 14.5 metric tons of 24-karat gold products, compared to 17.9 metric tons processed in the second quarter of 2014. For the six months, the company processed approximately 26.8 metric tons of 24-karat gold products, compared to 32.3 metric tons processed in the second quarter of 2014. With the overall commodity market and gold market under continued pressure, the company expected a weak demand for gold in China for the rest of 2015. The company expected that its gold processed is expected to be between 45 metric tons and 55 metric tons during 2015. Based on a reduced of gold prices in the first half of 2015, The company expects the total sales volume for the 2015 full year will be in the range of 45 tons to 55 tons.

Kingold Jewelry, Inc. to Report Q2, 2015 Results on Aug 19, 2015

Kingold Jewelry, Inc. announced that they will report Q2, 2015 results at 5:00 PM, China Standard Time on Aug 19, 2015

Kingold Jewelry, Inc., Q2 2015 Earnings Call, Aug 19, 2015

Kingold Jewelry, Inc., Q2 2015 Earnings Call, Aug 19, 2015

 

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Industry Average

Valuation KGJI Industry Range
Price/Earnings 2.2x
Price/Sales 0.0x
Price/Book 0.2x
Price/Cash Flow 2.0x
TEV/Sales NM Not Meaningful
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