Kingold jewelry, inc. (KGJI)
Income statement / Quarterly
Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
NET SALES

382,790

598,008

453,539

631,174

626,171

678,796

539,524

-

584,511

475,891

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET SALES

-

-

-

-

-

-

-

-

-

-

292,264

357,629

390,547

390,260

282,188

280,782

263,762

249,421

206,195

209,333

251,006

339,766

307,453

317,575

283,890

367,042

221,408

201,442

220,836

268,485

224,967

168,435

210,710

252,110

157,712

169,706

107,843

COST OF SALES
Cost of sales

367,382

528,233

397,991

555,777

564,685

614,775

474,965

600,235

505,608

427,858

274,909

335,902

339,845

343,880

253,412

270,862

247,894

246,684

195,120

193,940

240,742

314,950

280,376

733,912

266,705

356,510

-215,457

-1,537,756

207,868

253,222

213,102

554,159

-196,453

239,331

148,461

160,792

100,568

Depreciation

235

242

-

-

255

228

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation

-

-

245

-

-

-

317

387

300

210

294

339

286

291

290

359

304

311

309

373

307

306

308

968

304

302

-299

-2,143

296

296

297

882

-265

321

285

277

276

Total cost of sales

367,618

528,476

398,237

556,114

564,941

615,004

475,283

600,623

505,909

428,069

275,203

336,242

340,132

344,172

253,703

271,221

248,199

246,995

195,429

194,313

241,050

315,257

280,684

734,881

267,010

356,812

-215,756

-1,539,900

208,165

253,518

213,400

555,041

-196,719

239,652

148,746

161,069

100,844

GROSS PROFIT

15,171

69,531

55,301

75,060

61,229

63,792

64,240

56,442

78,602

47,821

17,060

21,386

50,414

46,088

28,484

9,561

15,563

2,425

10,765

15,019

9,955

24,508

26,768

14,206

16,879

10,229

5,651

11,709

12,671

14,967

11,567

6,832

13,991

12,457

8,966

8,637

6,999

OPERATING EXPENSES
Selling, general and administrative expenses

2,265

6,733

2,618

4,164

2,424

2,497

2,477

2,897

3,779

3,069

3,697

3,927

2,037

3,181

2,838

554

3,247

2,205

1,678

2,025

1,699

1,053

2,565

1,609

1,143

871

1,123

1,385

756

1,350

1,058

1,381

789

606

1,154

1,007

742

Stock compensation expenses

0

0

5

5

5

5

5

5

5

11

11

206

11

11

11

113

102

102

212

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock compensation expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,310

612

612

612

398

375

510

247

130

379

311

356

547

62

72

122

670

-

Depreciation

92

82

82

169

146

151

108

77

135

125

105

122

25

23

23

29

24

25

25

34

33

30

31

44

36

37

36

44

36

34

33

39

66

0

31

30

29

Amortization

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

3

3

3

-

-

3

3

6

0

3

3

3

2

2

2

2

3

2

2

2

2

Lease expense

20

21

21

-

62

67

67

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

2,381

6,840

2,730

4,144

2,641

2,724

2,662

2,983

3,923

3,208

3,817

4,260

2,076

3,219

2,876

699

3,377

2,335

1,919

3,377

2,346

1,700

3,212

2,059

1,555

1,422

1,411

1,563

1,175

1,699

1,451

1,970

921

682

1,311

1,711

774

INCOME FROM OPERATIONS

12,789

62,691

52,570

70,915

58,587

61,067

61,578

53,458

74,679

44,612

13,243

17,126

48,337

42,869

25,608

8,861

12,185

89

8,845

11,641

7,609

22,808

23,555

12,147

15,324

8,806

4,240

10,146

11,495

13,267

10,116

4,861

13,069

11,775

7,654

6,925

6,224

OTHER INCOME (EXPENSES)
Other Income

0

-

-

-

64

-

-

0

0

0

65

102

-75

0

0

-

3

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other Income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6

-

-

0

0

-

-

-

-

-

-

-

-

-

-

0

18

-

14

2

Interest Income

271

298

338

379

562

446

376

427

633

504

686

722

1,365

757

59

57

-0

133

17

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest Income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

0

1

Fees to guarantor of short term loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18

Other Expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1

-

-

-5

-

-

1

0

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

44,911

46,041

44,300

43,794

41,479

43,301

44,116

39,790

36,585

38,980

37,589

23,822

28,445

16,883

5,404

1,654

273

84

297

307

577

282

678

760

96

99

94

108

113

111

111

322

0

35

83

135

116

Total other expenses, net

-44,639

-45,742

-43,961

-43,416

-40,853

-42,855

-43,740

-39,362

-35,951

-38,476

-36,837

40,214

-27,154

-16,125

-5,344

-1,585

-271

55

-280

92

-577

-282

-678

-704

-96

-99

-94

-124

-113

-113

-111

-276

5

-17

-83

-121

-131

INCOME (LOSS) FROM OPERATIONS BEFORE TAXES

-31,849

16,948

8,609

27,498

17,734

18,211

17,837

14,096

38,728

6,136

-23,593

57,340

21,182

26,743

20,263

7,275

11,914

145

8,565

11,733

7,031

22,525

22,877

11,442

15,227

8,706

4,145

10,021

11,382

13,154

10,005

4,585

13,075

11,757

7,571

6,804

6,093

INCOME TAX PROVISION (BENEFIT)
Current

6,481

7,048

3,762

17,757

1,787

4,169

3,257

4,682

7,778

5,218

0

-3,835

25,230

6,849

4,811

1,131

71

557

2,728

1,258

3,373

5,714

6,489

3,257

3,402

2,976

1,818

2,612

3,016

3,573

2,691

-

-

-

-

-

-

Deferred

-14,327

-2,688

-1,533

240

2,699

479

1,345

-1,063

1,962

-7,114

-2,287

19,225

-19,909

0

255

501

3,078

-985

-744

1,299

-1,575

0

275

199

830

-594

-706

0

0

0

0

-

-

-

-

-

-

Total income tax provision (benefit)

-7,845

4,359

2,228

17,998

4,487

4,648

4,602

3,618

9,741

-1,896

-2,287

15,389

5,321

6,849

5,066

1,633

3,149

-428

1,984

2,558

1,797

5,714

6,764

3,456

4,232

2,381

1,111

2,612

3,016

3,573

2,691

1,411

3,353

2,968

2,025

1,979

1,590

NET INCOME (LOSS)

-24,004

12,589

6,380

9,500

13,247

13,563

13,234

10,477

28,987

8,033

-21,305

41,951

15,861

19,893

15,197

5,642

8,764

573

6,581

9,174

5,233

16,810

16,112

7,986

10,994

6,325

3,033

7,408

8,366

9,580

7,314

3,174

9,721

8,789

5,545

4,824

4,502

Less: net loss attribute to the non-controlling interest

-

-

-

-

-

-

-

-

-

-

-

-4

-0

-0

-1

0

-0

-0

0

-

0

0

-

-

-

-

-

-

-

-

-

0

406

379

253

-

198

NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS

-

-

-

-

-

-

-

-

-

-

-

41,955

15,861

19,893

15,198

5,641

8,765

573

6,581

-

5,233

16,810

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

27,074

-54,046

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized gain (loss) related to investments in gold, net of tax

209,005

183,487

-29,416

137,914

-18,935

-19,350

-18,622

-

-

-

102,907

-113,309

-9,822

50,778

17,564

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,174

9,315

8,409

5,292

-

4,304

Foreign currency translation loss

-41,688

-18,447

16,651

-7,285

-13,077

-19,822

13,819

9,934

4,455

11,789

-3,427

-13,467

-1,332

-8,624

1,962

-5,840

-10,487

488

1,099

254

72

332

-1,989

1,039

1,278

2,539

962

-815

1,700

-1,300

352

1,623

1,288

1,388

656

895

393

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

-

-

-

-

-

-

-

-

-

-

-

-6

0

2

-0

6

-2

0

0

-

0

0

-

-

-

-

-

-

-

-

-

0

4

29

15

-

7

Total other comprehensive income (loss)

167,316

165,039

-12,764

130,629

-32,013

-39,172

-4,802

-7,350

31,529

-42,256

99,479

-126,771

-11,155

42,151

19,528

-5,847

-10,484

488

1,099

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Foreign currency translation loss attributable to common stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,623

1,284

1,359

640

-

386

Foreign currency translation loss attributable to common stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-72

-332

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stockholders

-

-

-

-

-

-

-

-

-

-

-

-84,815

4,706

62,045

34,726

-206

-1,719

1,061

7,680

9,437

5,306

17,142

14,122

9,025

12,273

8,864

3,996

6,593

10,067

8,280

7,666

-

10,599

9,768

-

5,719

-

Non-controlling interest

-

-

-

-

-

-

-

-

-

-

-

10

0

-1

1

-3

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

266

-

COMPREHENSIVE INCOME (LOSS)

143,311

177,628

-6,383

140,129

-18,765

-25,609

8,431

3,127

60,516

-34,222

78,174

-84,826

4,706

62,047

34,724

-202

-1,719

1,061

7,680

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,932

5,452

4,690

Earnings (loss) per share
Basic and diluted

-

-

0.10

-

-

-

0.20

-

-

-

-0.32

-

0.24

0.30

0.23

-

-

-

0.10

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic

-2.18

0.19

-

-

1.20

0.21

-

-

0.44

0.12

-

-

-

-

-

-

0.13

0.01

-

0.15

0.08

0.25

0.24

0.13

0.17

0.10

0.05

0.13

0.16

0.18

0.14

0.06

0.19

0.17

0.11

0.11

0.10

Diluted

-2.18

0.19

-

-

1.20

0.20

-

-

0.44

0.12

-

-

-

-

-

-

0.13

0.01

-

0.15

0.08

0.25

0.24

0.12

0.17

0.10

0.05

0.14

0.15

0.18

0.13

0.07

0.18

0.16

0.11

0.10

0.10

Weighted average number of shares
Basic and diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

65,963

-

-

-

65,963

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic

11,018

66,113

66,113

121,208

11,018

66,113

66,113

66,114

66,049

66,018

66,018

-

66,018

65,964

-

-

65,963

65,963

-

65,960

65,953

65,953

65,807

64,826

64,334

64,002

60,818

54,508

53,578

53,168

53,107

50,321

49,998

49,894

48,249

41,861

41,766

Diluted

11,018

66,113

66,113

120,978

11,020

66,229

66,541

66,968

66,484

66,415

66,018

-

66,740

66,273

-

-

65,963

65,963

-

65,185

66,137

66,088

66,617

65,706

64,486

64,253

61,165

54,254

54,246

54,579

54,358

50,935

50,744

50,998

49,724

44,248

44,469