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Last $1.32 USD
Change Today +0.02 / 1.54%
Volume 36.4K
As of 8:10 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

kingold jewelry inc (KGJI) Snapshot

Open
$1.28
Previous Close
$1.30
Day High
$1.35
Day Low
$1.28
52 Week High
05/16/14 - $1.62
52 Week Low
12/12/14 - $0.71
Market Cap
87.1M
Average Volume 10 Days
109.2K
EPS TTM
$0.69
Shares Outstanding
66.0M
EX-Date
06/26/14
P/E TM
1.9x
Dividend
--
Dividend Yield
6.06%
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
Compensation as of Fiscal Year 2013.

kingold jewelry inc (KGJI) Key Developments

Kingold Jewelry Announces Board Appointments

Kingold Jewelry, Inc. has entered into a convertible note purchase agreement with a majority-owned subsidiary of Fosun International Limited that will result in $15 million of gross proceeds to the company when the transaction closes. In conjunction with the Purchase Agreement, the company will increase the size of the Board from five to seven members, effective immediately upon the closing of the sale of the Note through the appointment of Mr. XiaoFeng Lu and Ms. Min Zhou to the Board. Mr. Lu has been designated by Fosun. The Board also determined to appoint Mr. Lu to the Audit Committee and Ms. Zhou to the Compensation Committee, each to be effective immediately upon the closing of the sale of the Note. Mr. Lu, age 44, is currently Executive General Manager of Fosun Financial Group. Ms. Zhou, age 42, is currently Vice President of Shanghai Yuyuan Jewelry (Group) Ltd.

Kingold Jewelry, Inc. - Special Call

To discuss convertible note purchase agreement with a majority-owned subsidiary of Fosun International Limited that will result in $15 million of gross proceeds to the company when the transaction closes

Kingold Jewelry, Inc. Reports Consolidated Earnings and Operating Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Production Guidance for the Year 2015

Kingold Jewelry, Inc. announced consolidated earnings and operating results for fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net sales of $209,333,026, compared to $317,575,713 for the fourth quarter of 2013. The decrease in sales is largely due to the later Chinese New Year. The mid-February Chinese New Year postponed the winter sales peak to January of 2015. Income from operations was $10,543,166 against $12,147,062 a year ago. Income from operations before taxes was $10,235,174 against $11,386,413 a year ago. Net income was $7,675,180 or $0.12 per basic and diluted share against $7,930,163 or $0.12 per basic and diluted share a year ago. For the year, the company’s net sales for the year ended December 31, 2014, increased to $107,558,544 from $1,189,915,923 for the year ended December 31, 2013. The decrease in Net Sales were primarily driven by the decrease in the price of gold and to increased sales of customized products. Income from operations was $65,615,182 against $40,517,880 a year ago. Income from operations before taxes was $64,168,031 against $39,522,488 a year ago. Net income was $47,331,977 or $0.72 per basic and diluted share against $28,339,926 or $0.44 per diluted share a year ago. Net cash provided by operating activities was $20,324,065 against $7,737,665 a year ago. The change was mainly because of the increase in net income raised from $28.3 million in the year of 2013 to $47.3 million in the year of 2014. Purchase of property and equipment was $190,403 against $78,306 a year ago. Book value per diluted share was $3.91 at December 31, 2014 compared to $3.31 at December 31, 2013. For the fourth quarter of 2014, the company processed a total of 60.1 metric tons of 24-karat gold products, an increase of 17.6% compared to 51.1 metric tons. For the year 2014, the company processed a total of 13.2 metric tons of 24-karat gold products, a decrease of 7.7% compared to 14.3 metric tons. The company provided production guidance for the year 2015. For the year, the company expects to process between 70 metric tons and 80 metric tons of 24-karat gold products in 2015, based on its existing resources and capacity, strong demand for 24-karat gold products in China. This guidance is based solely on current projected, organic growth. The Company anticipates narrowing this guidance throughout the year, along with providing additional metrics for investors in the coming months.

 

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Price/Earnings 1.8x
Price/Sales 0.1x
Price/Book 0.3x
Price/Cash Flow 1.8x
TEV/Sales 0.0x
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