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Last $0.72 USD
Change Today -0.0096 / -1.32%
Volume 234.5K
As of 8:10 PM 07/30/15 All times are local (Market data is delayed by at least 15 minutes).

kingold jewelry inc (KGJI) Snapshot

Open
$0.77
Previous Close
$0.73
Day High
$0.81
Day Low
$0.71
52 Week High
09/12/14 - $1.50
52 Week Low
07/28/15 - $0.60
Market Cap
47.5M
Average Volume 10 Days
218.9K
EPS TTM
$0.55
Shares Outstanding
66.0M
EX-Date
06/26/14
P/E TM
1.3x
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
General Manager and Executive
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 First Quarter Ended March 31, 2015; Reiterates Production Guidance for the Full Year of 2015; Reports Write-Down of Inventory for the First Quarter Ended March 31, 2015

Kingold Jewelry, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, net sales were $206,195,220 against $307,453,098 a year ago, largely due to a slowdown in the Chinese economy in recent weeks. Income from operations was $8,845,848 against $23,555,844 a year ago. Income from operations before taxes was $8,565,581 against $22,877,321 a year ago. Net income was $6,581,204 against $16,112,644 a year ago. Diluted earnings per share were $0.10 against $0.24 a year ago. Net cash provided by operating activities was $9,357,027 against net cash used in operating activities of $18,828,723 a year ago. Purchase of property and equipment was $26,586 against $69,937 a year ago. Net sales decreased due to larger customers delaying purchases during this period, and its investment gold business was also significantly affected. Of the $101.3 million decrease in net sales, approximately $85.9 million was due to decreased production as a result of decreased demand, $13.2 million was due to drop in the price of gold and the remainder was due to currency exchange translation. The company's book value per diluted share was $4.03 at March 31, 2015, compared to $3.91 at December 31, 2014. For the quarter, the company processed approximately 12.3 metric tons of 24-karat gold products, compared to 14.5 metric tons processed in the first quarter of 2014. The company reiterates 2015 guidance of between 70 and 80 metric tons of 24-karat gold processed in 2015, while noting that a protracted period of lesser demand may require a reassessment as the company progresses further in the year. The company had a $3.0 million write-down of inventory due to the decrease in the price of gold in the first quarter of 2015.

Kingold Jewelry, Inc. to Report Q1, 2015 Results on May 15, 2015

Kingold Jewelry, Inc. announced that they will report Q1, 2015 results at 5:00 PM, China Standard Time on May 15, 2015

Kingold Jewelry, Inc., Q1 2015 Earnings Call, May 15, 2015

Kingold Jewelry, Inc., Q1 2015 Earnings Call, May 15, 2015

 

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Valuation KGJI Industry Range
Price/Earnings 1.3x
Price/Sales 0.0x
Price/Book 0.2x
Price/Cash Flow 1.2x
TEV/Sales NM Not Meaningful
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