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Kingold
Weak Demand Dents Sales at China’s Kingold
Sales and profit at Kingold Jewelry decreased in the secondquarter as the China-based gold supplier noted a decline in demand for itsbranded jewelry. Total revenue dropped 12% year on year to $598 million inthe three months ending...
Mining Aug 11, 2019 Rapaport News
Gold
Kingold Sees Spike in China Gold Demand
Sales and profit increased at Kingold Jewelry in the secondquarter as the China-based gold supplier introduced new products to meetgrowing demand for the yellow metal. Total revenue climbed 43% year on year to $678.8 million inthe...
Manufacturing Aug 13, 2018 Rapaport News
kingold
Kingold's Sales -33%, Profit -59% in 1Q
Kingold Jewelry Inc. reported that revenue fell 32.9 percent year on year to $206.2 million in the first quarter that ended on March 31. The company contended that sales were dramatically reduced, falling by a total...
Financial-Legal May 18, 2015 Jeff Miller
kingold
Kingold Opens Online Store on Tmall
Kingold Jewelry Inc. launched an online store on Tmall.com, a business-to-consumer (B2C) retail platform owned by Alibaba Group, which is considered to be the largest B2C platform in China, according to iResearch Consulting Group.Kingold will sell 24-karat gold jewelry,...
Technology May 06, 2015 Jeff Miller
kingold
Kingold Jewelry Receives $15M Investment
Kingold Jewelry Inc. entered into a convertible note purchase agreement with a majority-owned subsidiary of Fosun International Limited that will result in proceeds of $15 million when the transaction closes. The proceeds will be used to accelerate...
Financial-Legal Apr 06, 2015 Jeff Miller
kingold
Kingold's FY Sales -7% But Profit +67%
Kingold Jewelry Inc. reported that sales fell 6.9 percent year on year to $1.11 billion in 2014. The integrated manufacturer cited lower gold prices for the decline in revenue; however, Kingold processed 17.6 percent...
Manufacturing Mar 31, 2015 Jeff Miller
kingold
Wuhan Allows Kingold to Presell Commercial Units at the Jewelry Park
The Wuhan Housing Security and Management Bureau in Wuhan, China gave the green light to Kingold Jewelry Inc. to presell commercial property at the Kingold Jewelry International Industrial Park (Jewelry Park). The bureau authorized...
Manufacturing Jan 21, 2015 Jeff Miller
kingold
Kingold Preps for Second Phase of Jewelry Park Construction
Kingold Jewelry Inc. stated that it wrapped up the first phase of construction for the Kingold Jewelry International Industry Park in Wuhan, China, following completion of outer framing. The second construction phase will be focused on the...
Manufacturing Jan 12, 2015 Jeff Miller
kingold
Kingold's 3Q Revenue -12%, Profit Falls to $5M
Kingold Jewelry Inc. reported that revenue fell 11.6 percent year on year to $251 million in the third quarter that ended on September 30. The company stated that over the past nine months, the...
Financial-Legal Nov 18, 2014 Jeff Miller
kingold
Kingold to Manufacture Gold Investment Products for Hubei Bank
Kingold Jewelry Inc. of China signed a cooperation agreement with Hubei Bank Corporation Ltd. to design and manufacture investment gold products for resale. Specifically, Kingold will design and manufacture 24-karat gold coins, bars...
Manufacturing Nov 04, 2014 Jeff Miller
kingold
Kingold FY Sales +30% to $1B, Profit -14% to $28M
Kingold Jewelry Inc. reported that its revenue increased 29.9 percent year on year to $1.2 billion for the fiscal year that ended on December 31. Gross margin fell to 4.3 percent of sales compared with...
Financial-Legal Apr 01, 2014 Jeff Miller
kingold
Kingold Jewelry Partners With Kuwait Firm in Expansion Deal
Kingold Jewelry Inc. signed a joint-venture agreement with Kuwait Support Services Company in Kuwait to form a group that would source and finance gold, and develop, market and distribute gold products, including coins, bullion,...
Manufacturing Mar 10, 2014 Jeff Miller
kingold
Kingold Jewelry Opens Ecommerce Channel on CCB
Kingold Jewelry Inc. began to sell its 24-karat gold products online today through China Construction Bank's (CCB) Internet shopping portal, http://mall.ccb.com. CCB's website is linked to a number of manufacturers, wholesalers and retailers and is targeting...
Financial-Legal Nov 26, 2013 Jeff Miller
kingold
Kingold to Build Jewelry City in Wuhan
China-based Kingold Jewelry Inc. acquired the operating rights for 66,666 square meters (717,587 square feet) of industrial land to develop the Wuhan Kingold Jewelry International Industry Park in the Jiangan district for $164...
Manufacturing Nov 01, 2013 Jeff Miller
kingold
Kingold's FY Sales +16%, Profit +25%
Kingold Jewelry reported that its sales rose 20 percent year on year to $201.4 million during the fourth quarter that ended on December 31. The company's cost of sales increased 17 percent to $189.7 million. Profit surged...
Financial-Legal Mar 29, 2013 Jeff Miller
kingold
Kingold Secures Additional Source of Gold with SPD Bank Agreement
Kingold Jewelry Inc. signed a gold leasing framework agreement with the Wuhan branch of Shanghai Pudong Development Bank (SPD) Ltd. The deal provides guidance for Kingold to lease gold under a total credit line...
Manufacturing Mar 05, 2013 Jeff Miller
kingold
Kingold's 1Q Revenues +42%, Profit +32%
Kingold Jewelry reported its first-quarter revenue soared 42 percent year on year to $225 million for the three months that ended on March 31, while cost of sales jumped 44 percent to $213 million. Net profit rose...
Financial-Legal May 10, 2012 Jeff Miller
kingold
Kingold's FY11 Sales +51%, Profit +44%
Fiscal-year sales for China-based Kingold Jewelry rose 51 percent year on year to $789 million, while cost of sales increased 52 percent to $747 million, for the period that ended on December 31. Net income attributable to shareholders...
Financial-Legal Mar 27, 2012 Ricci Dipshan
kingold
Kingold Jewelry Opens Retail Store in Wuhan
Kingold Jewelry opened its first retail store at the Wuhan World Trade Plaza in the city of Wuhan, China. The store will sell a wide range of Kingold’s owned, designed and manufactured products, including 24-karat...
Retail Jan 17, 2012 Jeff Miller
kingold
Kingold's 3Q Sales +24%, Profit Doubles to $10M
Kingold Jewelry reported that revenue rose 24 percent year on year to $210.7 million for the third quarter that ended on September 30, 2011. Cost of sales rose 22 percent to $197 million and net income doubled...
Manufacturing Nov 11, 2011 Jeff Miller
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