Kingold jewelry, inc. (KGJI)
Income statement / Yearly
Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10
NET SALES

2,475,666

2,009,732

-

-

-

-

-

-

-

NET SALES

-

-

1,420,624

1,000,161

1,107,558

1,189,915

915,732

788,968

523,007

COST OF SALES
Cost of sales

2,210,204

1,808,612

1,273,041

960,562

1,030,010

1,141,671

-863,563

745,497

490,638

Depreciation

1,138

1,193

1,208

1,284

1,296

1,277

-1,253

1,223

1,172

Total cost of sales

2,211,343

1,809,805

1,274,250

961,846

1,031,307

1,142,948

-864,816

746,720

491,811

GROSS PROFIT

264,322

199,927

146,374

38,314

76,251

46,967

50,916

42,247

31,196

OPERATING EXPENSES
Selling, general and administrative expenses

11,564

13,444

11,985

7,685

7,343

4,749

4,550

3,931

3,733

Stock compensation expenses

21

33

240

530

-

-

-

-

-

Stock compensation expenses

-

-

-

-

3,149

1,532

1,178

804

825

Depreciation

576

444

194

104

130

155

148

137

124

Amortization

11

11

11

12

12

12

11

11

11

Total operating expenses

12,174

13,932

12,432

8,332

10,636

6,449

5,889

4,886

4,694

INCOME FROM OPERATIONS

252,148

185,994

133,942

29,982

65,615

40,517

45,026

37,361

26,501

OTHER INCOME (EXPENSES)
Gain on sale of Jewelry Park

-

-

63,212

0

-

-

-

-

-

Other Income

63

66

26

20

-

-

-

-

-

Other Income

-

-

-

-

94

0

-

47

166

Interest Income

1,763

2,251

2,904

208

305

-

-

-

-

Interest Income

-

-

-

-

-

56

0

22

5

Fees to guarantor of short term loans

-

-

-

-

-

-

-

-

67

Other Expense

-

-

-

-

-

0

17

0

1

Interest expense, including amortization of debt issuance costs of $2,187,956 and $3,482,031 for the three months, and $6,738,816 and $8,042,451 for the nine months ended September 30, 2019 and 2018, respectively

172,692

152,945

74,555

2,310

1,847

1,051

444

441

479

Total other expenses, net

-170,865

-150,626

-8,411

-2,081

-1,447

-995

-462

-371

-375

INCOME (LOSS) FROM OPERATIONS BEFORE TAXES

81,283

35,367

125,531

27,900

64,168

39,522

44,563

36,990

26,125

INCOME TAX PROVISION (BENEFIT)
Current

26,972

17,678

33,055

4,488

16,836

11,454

11,893

-

-

Deferred

4,764

-8,503

-428

1,849

0

-272

0

-

-

Total income tax provision (benefit)

31,736

9,174

32,627

6,338

16,836

11,182

11,893

9,758

7,084

NET INCOME (LOSS)

49,546

26,192

92,903

21,561

47,331

28,339

32,670

27,231

19,040

Less: net loss attribute to the non-controlling interest

-

-

-6

-0

0

-

-

1,039

877

NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS

-

-

92,909

21,562

47,331

-

-

-

-

OTHER COMPREHENSIVE INCOME (LOSS)
Unrealized gain (loss) related to investments in gold, net of tax

81,006

58,650

-54,789

0

-

-

-

-

-

NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS

-

-

-

-

-

-

-

26,191

18,163

Foreign currency translation loss

-26,365

22,752

-21,461

-14,740

-1,331

5,820

-62

4,957

2,304

Less: foreign currency translation gain ( loss) attributable to non-controlling interest

-

-

-4

4

0

-

-

49

51

Total other comprehensive income (loss)

54,640

81,402

-76,246

-14,744

-

-

-

-

-

Foreign currency translation loss attributable to common stockholders

-

-

-

-

-

-

-

4,907

2,253

Foreign currency translation loss attributable to common stockholders

-

-

-

-

1,331

-

-

-

-

Common stockholders

-

-

16,662

6,817

46,009

34,159

32,607

31,099

-

Non-controlling interest

-

-

10

-3

0

-

-

-

-

COMPREHENSIVE INCOME (LOSS)

104,186

107,595

16,652

6,821

46,009

-

-

-

20,417

Basic

0.75

0.40

1.41

0.33

0.72

0.45

0.61

0.53

0.43

Diluted

0.75

0.39

1.40

0.33

0.72

0.44

0.60

0.52

0.41

Weighted average number of shares
Basic

66,113

66,050

65,991

65,963

65,918

63,495

53,590

49,616

41,948

Diluted

66,192

66,472

66,337

65,963

66,007

63,902

54,359

50,600

44,054