This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Kingold Jewelry Inc. (KGJI) Reports Record Results For Year End 2009

Kingold Jewelry, China’s leading manufacturer of 24 carat jewelry sold mostly by weight, announces its 2009 results. Revenue increased by 128% and the balance sheet is greatly strengthened.

















Revenue: $ 109,782,936 $ 250,450,650
Income from
Operations $ 8,441,970 $ 12,613,309
Before taxes:
Net Income: $ 7,812,631 $ 9,005,233









Cash: $ 281,994 $ 7,964,120
Inventories: $ 24,862,355 $ 31,756,009
Current Assets: $ 29,238,394 $ 47,561,318
Short Term Loans: $ 14,151,907 $ 8,775,522
Current Liabilities: $ 10,683,428 $ 17,084,008

About Kingold Jewelry Inc.

Kingold, centrally located in Wuhan City, China’s fourth largest city, was founded in 2002 and today is China’s leading designer and manufacturer of 24-K gold jewelry sold by weight. The Company has a well regarded in-house design team and sells both directly to retailers and through major distributors across China. Kingold has received numerous industry awards and is one of only 162 members of the Shanghai Gold Exchange. Sales have grown from $29 million in FY2006 to $250 million in FY 2009 with net income growing from $1.3 million to $9 million over the same period. Demand for 24K gold jewelry is growing rapidly due to increased demand from China’s expanding urban middle class, who consider it a store of wealth. Kingold is well positioned to consolidate its leadership position in this high growth market.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,279.74 +13.75 0.08%
S&P 500 2,010.40 -0.96 -0.05%
NASDAQ 4,579.7890 -13.6380 -0.30%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs