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Kingold Jewelry Inc. (KGJI)

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Last Post: 9/21/2020 11:31:50 AM - Followers: 20 - 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: Notification Filed by a National Securities Exchange to Report the Removal From Listing and Registration of Matured , Redeeme... 08/21/2020 05:21:38 PM
KGJI News: Current Report Filing (8-k) 08/20/2020 05:21:31 PM
KGJI News: Kingold Jewelry Inc. Announces Voluntary Delisting from NASDAQ Capital Market 08/11/2020 04:34:00 PM
KGJI News: Current Report Filing (8-k) 08/11/2020 04:32:08 PM
KGJI News: Withdrawal of Registration Statement (rw) 07/21/2020 04:31:17 PM
PostSubject
#267   GNGR attacks KGJI sales, GNGR up 211% MallenNV 09/21/20 11:31:50 AM
#266   KGJI has hit the bottom now. It is BringMeMoney 09/04/20 12:56:58 PM
#264   T mug2011 08/27/20 03:19:39 PM
#263   Name changed to just Old Jewelry. willlbone 08/24/20 03:53:55 PM
#262   just another chinese scam allowed to steal money 12ka 08/23/20 07:19:30 AM
#261   KGJI delisted from the Nasdaq to the OTC: Renee 08/20/20 06:15:55 PM
#260   Was just playing that song yesterday on my ipod MallenNV 07/27/20 02:34:29 PM
#259   No gold-plated copper bars, just coppertone... surfer44 07/26/20 12:57:30 PM
#258   Funny, I see golden earrings... surfer44 07/26/20 12:52:03 PM
#257   I see 24K gold handcuffs soon..EOM MallenNV 07/26/20 12:46:03 PM
#256   KGJI correlated with rising gold price? surfer44 07/22/20 01:04:49 PM
#254   None of these posts are about KGJI boston127 07/22/20 01:01:15 PM
#253   Company could have solid gold bars and not surfer44 07/22/20 12:54:11 PM
#252   Dude and Dudettes! Blasting off! surfer44 07/22/20 12:45:44 PM
#251   Long read but worth the time. GNGR predicted MallenNV 07/20/20 06:06:07 PM
#250   Sure! will keep them in watchlist, signet will Pennyes 07/20/20 03:45:32 PM
#249   The share structure is perfect, only 108,553,765 in MallenNV 07/20/20 03:40:04 PM
#248   984K MCap? Pennyes 07/20/20 11:05:12 AM
#247   Correct. MallenNV 07/20/20 09:45:37 AM
#246   GNGR, are you talking about: Gunther Grant Pennyes 07/19/20 04:40:25 PM
#245   Major update. MallenNV 07/19/20 12:02:04 AM
#244   almost $ 3Billion fake gold bars?....that is perplexing, Pennyes 07/17/20 05:00:09 PM
#243   UNITED STATES surfer44 07/14/20 11:58:12 PM
#242   UNITED STATES surfer44 07/14/20 11:57:03 PM
#241   UNITED STATES surfer44 07/14/20 11:55:42 PM
#240   The following posts are a thread to be surfer44 07/14/20 11:55:08 PM
#239   Will this be a "highway star"? surfer44 07/08/20 10:40:32 AM
#238   Maybe surfer44 07/07/20 01:22:13 PM
#237   The gold is real... surfer44 07/07/20 11:34:55 AM
#236   Kingold collapse coming. UpTickMeASAP 07/06/20 09:36:49 PM
#235   I hope we do not buy based on Grandmasim 07/03/20 12:00:17 PM
#234   Fantastic - https://www.caixinglobal.com/2020-06-29/cover-story-the-mystery-of-2-billion-of-loans-ba swingingRichard 07/01/20 12:26:50 AM
#233   fwiw."KGJI price target in 14 days: 1.142 USD* 0210 06/29/20 05:19:28 PM
#232   Say it ain't so, Joe...(the world series wasn't surfer44 06/29/20 01:26:10 PM
#231   why is it trading at all????!!!! zerohedge 06/29/20 01:21:27 PM
#230   trading below support $ 1.20 here ... not max17MB 06/12/20 02:09:37 PM
#229   Got some activity here with gold ticking up. surfer44 06/11/20 02:57:18 PM
#228   Gold going to $2,000? surfer44 04/22/20 03:26:19 PM
#227   Gold in an uptrend. Will this catch the surfer44 02/27/20 02:18:29 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 TFMG 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
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