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Kingold Jewelry Inc. (KGJI)

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Last Post: 1/16/2020 8:50:37 AM - Followers: 19 - Board type: Free - Posts Today: 0

Building According To The Golden Rule

From our world-class production facilities to our uncompromising labor practices, every facet of Kingold's operations reflects a profound commitment to excellence and to building lasting relationships with customers and employees alike.

Those core values have been landmarks of Kingold Founder and CEO Zhihong Jia's entire career-from his military years with the People's Liberation Army where he held a range of senior responsibilities including managing several major goldmines, to founding and building Kingold into a major industry player.

Today, the company and has distinguished itself as a respected brand within an industry characterized by marginal labor practices and inconsistent production quality.

That commitment to integrity and quality will remain a cornerstone of the company's future as Kingold aggressively pursues its strategy of becoming the most dominant player in China's 24-karat gold jewelry market.

Third Quarter 2011 Highlights

  • Revenue increased 24.2% to $210.7 million from $169.7 million in the third quarter 2010
  • Gross profit rose 62% to $14 million from $8.6 million in the third quarter 2010
  • Net income attributable to common stockholders grew 103.5% to $9.3 million, or $0.18 per diluted share, from $4.6 million, or $0.10 per diluted share, in the third quarter 2010
  • In the third quarter, Kingold started to roll out its investment related gold business across networks within China Merchant Bank as well as Bank of Communication.
  • Kingold completed testing at the end of September of its new e-commerce channel and successfully launched the new initiative in October.

Business Outlook

Based on the Company's performance during the first nine months of 2011 and management's current outlook for the remainder of the year, the Company has reassured its full year 2011 revenue guidance to a range of between $800 million and $850 million and net income guidance between $32 million and $34 million.

"Our performance in the first nine months of 2011 reinforces our optimism for another year of strong organic growth at Kingold," commented Mr. Jia. "Domestic demand for 24-karat gold products is still robust and we have been well positioned to take advantage of surging consumer demand in China."

Kingold Launches E-Commerce Strategy with M-Gold

Following the successful conclusion of a two month beta Kingold has just launched its new e-commerce business at www.m-gold.com.cn.The new site carries a wide variety of Kingold's higher-end 24 karat gold products which are designed and manufactured in-house at Kingold's facility in Wuhan. Products include jewelry, household ornaments, investment related products such as gold coins and bars, and M-Gold, Kingold's branded line of marriage products; and will target newly affluent customers throughout China."We are excited about launching our internet business and believe that we are the first major jewelry designer and manufacturer to sell 24 karat gold products on-line. This initiative will enable Kingold to take it's beautifully designed and executed products directly to consumers throughout China, many of whom have up till now not had the ability to purchase our products," commented Chairman Jia. "It will also result in far higher margins to Kingold than our traditional business model, where we primarily supply to distributors, not to end-users."E-commerce is growing explosively in China, with over 150 million people shopping online in China today, according to Shanghai-based iResearch. One of the reasons behind this growth is that consumers feel more comfortable shopping online as a result of third-party payment systems such as Alipay, and the increasing acceptance of debit and credit cards."Building our Internet presence is one of the many strategies we are employing in building Kingold into the major national brand of 24 karat gold products in China," continued Chairman Jia. "We expect to announce other initiatives in the near future which will serve to reinforce these efforts and set the basis for our continued expansion."Customers will be able to pay for purchases from the new site both directly, via online banking, and indirectly, through third party payment systems.

Wuhan Rural Commercial Bank Selects Kingold Jewelry to Produce 24K Gold Products

Kingold Jewelry, Inc. ("Kingold") (NASDAQCM: KGJI), one of the leading manufacturers of 24-carat gold jewelry in China, today announced that it has entered into an agreement with Wuhan Rural Commercial Bank ("the Bank") for the distribution of Kingold's investment-related products such as gold coins, bars and ornaments. It is anticipated that Kingold's investment-related products will be available for purchase by customers throughout the Bank's network of 230 branches across Wuhan, one of the largest cities in China with a population of approximately 9 million inhabitants."This is the first of what we anticipate will be a series of initiatives with local banks across China to target increasingly affluent suburban residents, who are not typically served by the larger national banks," commented Chairman Jia. "This push into suburban China is complementary to our existing relationships with two of China's largest national banks, China Merchants Bank and the Bank of Communications, who are currently rolling out our investment products across their network of over 3,000 branches. We anticipate that Kingold's investment related business will start to significantly impact revenues by the end of this year, and become a meaningful contributor in 2012."



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KGJI News: Current Report Filing (8-k) 12/19/2019 04:08:42 PM
KGJI News: Kingold Jewelry Announces Results of 2019 Annual Meeting of Stockholders; Schedules Date of 2020 Annual Meeting of Stockholde... 12/19/2019 04:05:00 PM
KGJI News: Proxy Statement (definitive) (def 14a) 11/18/2019 12:01:14 PM
KGJI News: Quarterly Report (10-q) 11/12/2019 04:22:33 PM
KGJI News: Kingold Jewelry Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2019 11/12/2019 04:15:00 PM
#226   is trading at historical low. low risk/high max17MB 01/16/20 08:50:37 AM
#225   On November 5, 2019, Nasdaq notified the Company max17MB 11/06/19 09:47:40 AM
#224   gonna take off soon. earnings coming. still under max17MB 11/06/19 06:21:10 AM
#223   KGJI - Bullish Momentum and Big Volume. Can TopMarketGainers 08/18/19 01:37:31 PM
#222   News: $KGJI Kingold Jewelry Announces Filing Extension for whytestocks 03/19/19 04:40:45 PM
#221   could be calm before the storm here, every max17MB 03/19/19 11:22:24 AM
#220   Looking for new $ dsaul 11/04/18 08:06:55 PM
#219   I heard from a friend in an investment mafengwo 07/19/18 04:52:40 PM
#218   KGJI invest 1.67 stocktrademan 08/20/17 11:00:05 AM
#217   They have realized they need the CC's. modes948 03/01/17 08:09:03 PM
#216   Form S-3 willlbone 10/03/16 03:58:23 PM
#215   Checking in. Volume up today? surfer44 08/15/16 09:36:39 AM
#214   no ones here? GoldenMind 08/15/16 08:00:40 AM
#213   Very interesting. Thank you for the information. KGJI 4on4off 08/02/16 04:56:51 PM
#212   KGJI charts: You may need these Monday tothe 07/31/16 08:54:12 PM
#211   More of an investment than a trade. A surfer44 05/22/16 02:53:12 PM
#210   The more I read the more I like. 4on4off 05/22/16 11:00:56 AM
#209   Looks like it but at least on the 4on4off 05/20/16 03:43:06 PM
#208   Check the 2 year chart. It's been a surfer44 05/20/16 02:21:28 PM
#207   Very nice. Very intriguing. Low volume today but 4on4off 05/20/16 02:18:12 PM
#206   Gold + China + new jewelry park = surfer44 05/20/16 02:16:26 PM
#205   Definitely an interesting company. Need to review some 4on4off 05/20/16 02:14:44 PM
#204   Kingold Jewelry's (KGJI) CEO Zhihong Jia on Q1 4on4off 05/20/16 02:11:38 PM
#203   Earning per share .23 Not bad. 4on4off 05/20/16 02:08:02 PM
#202   Interesting money maker here. 4on4off 05/20/16 02:04:45 PM
#201   hey buy this stock it's making profits and diedpoor 01/25/16 04:40:16 PM
#200   Thanks for the article, I posted it on surfer44 08/19/15 01:43:52 PM
#198   Bust a buck and take out the stops. willlbone 05/01/15 01:18:04 PM
#197   Price dropped under 100 day MA on no news? willlbone 05/01/15 11:54:39 AM
#196   Should be interesting. It always is :-) surfer44 03/26/15 03:27:40 PM
#195   Well, if past behavior stays true... 10K 2015 FiduciaryDuty911 03/26/15 03:09:10 PM
#194   They have deals going on with China's banks. surfer44 03/26/15 01:51:08 PM
#193   Thing is why the low pps. surfer44 03/26/15 01:44:25 PM
#192   Maybe they've spent most of their cash to FiduciaryDuty911 03/26/15 01:37:26 PM
#191   Residential and commercial not a bad asset to FiduciaryDuty911 03/26/15 01:37:01 PM
#190   Here's a more accurate description of the Jewelry Park surfer44 03/26/15 01:34:24 PM
#189   I haven't checked when the Q's are due. surfer44 03/26/15 01:17:47 PM
#188   Do you know when their next Q's are FiduciaryDuty911 03/26/15 01:11:17 PM
#187   KGJI has gone sideways for 4 years. Book surfer44 03/26/15 12:57:21 PM
#186   what do you think about the chart right FiduciaryDuty911 03/26/15 12:33:58 PM
#185   Yes surfer44 03/26/15 12:20:28 PM
#184   are you still in? FiduciaryDuty911 03/26/15 12:06:57 PM
#183   $KGJI: Kingold Jewelry Announces Update On Kingold Jewelry surfer44 01/08/15 04:16:51 PM
#182   $KGJI: Kingold Jewelry Board Of Directors Announces Formation surfer44 01/07/15 04:18:44 PM
#181   $KGJI wants to enhance shareholder value in this surfer44 12/15/14 09:39:30 AM
#180   What do you think of KGJI @ this NathanH 12/08/14 07:39:16 PM
#179   going to be getting back in here, great Penny Land Player 06/25/14 11:15:24 PM
#178   I just stumbled onto this stock.....looking at the Govols2 06/23/14 04:10:49 PM
#177   Great News today... AlanDeMan 05/16/14 03:13:59 PM
#176   5/19/2014 Expect AM Bounce Up Monday AlanDeMan 05/16/14 12:50:47 PM