Kingold jewelry, inc. (KGJI)
Income statement / TTM
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

2,065,512

2,308,893

2,389,681

2,475,666

0

0

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET SALES

-

-

-

-

-

-

-

-

-

-

1,430,700

1,420,624

1,343,778

1,216,993

1,076,154

1,000,161

928,712

915,955

1,006,300

1,107,558

1,215,801

1,248,684

1,275,960

1,189,915

1,073,782

1,010,729

912,173

915,732

882,725

872,599

856,223

788,968

790,239

687,373

0

0

0

COST OF SALES
Cost of sales

1,849,385

2,046,688

2,133,230

2,210,204

2,254,663

2,195,585

2,008,668

1,808,612

1,544,278

1,378,516

1,294,537

1,273,041

1,208,000

1,116,049

1,018,853

960,562

883,640

876,488

944,754

1,030,010

1,569,983

1,595,945

1,637,505

1,141,671

-1,129,998

-1,188,835

-1,292,123

-863,563

1,228,352

824,029

810,138

745,497

352,130

649,152

0

0

0

Depreciation

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation

-

-

1,066

-

-

-

1,216

1,193

1,145

1,131

1,212

1,208

1,228

1,246

1,265

1,284

1,298

1,301

1,297

1,296

1,891

1,888

1,884

1,277

-1,835

-1,843

-1,850

-1,253

1,772

1,210

1,235

1,223

618

1,160

0

0

0

Total cost of sales

1,850,447

2,047,770

2,134,297

2,211,343

2,255,852

2,196,819

2,009,885

1,809,805

1,545,424

1,379,648

1,295,750

1,274,250

1,209,228

1,117,296

1,020,119

961,846

884,938

877,790

946,052

1,031,307

1,571,874

1,597,834

1,639,389

1,142,948

-1,131,833

-1,190,678

-1,293,973

-864,816

1,230,125

825,240

811,374

746,720

352,748

650,313

0

0

0

GROSS PROFIT

215,064

261,122

255,383

264,322

245,705

263,077

247,107

199,927

164,871

136,683

134,950

146,374

134,549

99,697

56,034

38,314

43,773

38,165

60,248

76,251

75,439

82,363

68,083

46,967

44,470

40,262

45,000

50,916

46,039

47,358

44,849

42,247

44,052

37,060

0

0

0

OPERATING EXPENSES
Selling, general and administrative expenses

15,782

15,940

11,704

11,564

10,297

11,652

12,224

13,444

14,474

12,732

12,844

11,985

8,612

9,822

8,846

7,685

9,156

7,609

6,457

7,343

6,928

6,372

6,190

4,749

4,524

4,137

4,616

4,550

4,546

4,580

3,836

3,931

3,558

3,511

0

0

0

Stock compensation expenses

10

16

21

21

21

21

27

33

234

240

240

240

146

237

328

530

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock compensation expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,149

2,237

1,999

1,897

1,532

1,264

1,269

1,069

1,178

1,594

1,277

1,038

804

927

0

0

0

-

Depreciation

427

482

550

576

484

473

447

444

489

379

277

194

101

100

102

104

109

118

124

130

140

143

149

155

154

155

152

148

143

173

139

137

128

92

0

0

0

Amortization

10

11

11

11

11

11

11

11

11

11

11

11

11

11

11

12

0

0

0

-

-

12

12

12

9

12

11

11

11

11

11

11

11

11

0

0

0

Lease expense

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

16,096

16,357

12,242

12,174

11,012

12,294

12,778

13,932

15,209

13,362

13,373

12,432

8,871

10,172

9,289

8,332

11,010

9,978

9,343

10,636

9,318

8,527

8,250

6,449

5,953

5,573

5,850

5,889

6,297

6,043

5,025

4,886

4,626

4,480

0

0

0

INCOME FROM OPERATIONS

198,967

244,765

243,141

252,148

234,692

250,783

234,329

185,994

149,661

123,320

121,577

133,942

125,677

89,525

46,745

29,982

32,762

28,186

50,905

65,615

66,120

73,835

59,833

40,517

38,516

34,688

39,150

45,026

39,741

41,315

39,823

37,361

39,425

32,579

0

0

0

OTHER INCOME (EXPENSES)
Other Income

0

-

-

-

0

-

-

66

168

91

91

26

-72

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other Income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

Interest Income

1,287

1,578

1,726

1,763

1,811

1,882

1,941

2,251

2,547

3,279

3,532

2,904

2,240

873

250

208

150

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest Income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Fees to guarantor of short term loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Other Expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

-

-

0

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

179,047

175,615

172,875

172,692

168,688

163,793

159,472

152,945

136,977

128,837

106,740

74,555

52,387

24,215

7,417

2,310

964

1,268

1,466

1,847

2,299

1,818

1,635

1,051

399

416

428

444

658

545

469

441

254

371

0

0

0

Total other expenses, net

-177,760

-173,973

-171,086

-170,865

-166,811

-161,909

-157,530

-150,626

-71,049

-62,253

-39,903

-8,411

-50,211

-23,328

-7,146

-2,081

-403

-710

-1,048

-1,447

-2,243

-1,762

-1,579

-995

-415

-431

-445

-462

-613

-494

-398

-371

-216

-353

0

0

0

INCOME (LOSS) FROM OPERATIONS BEFORE TAXES

21,207

70,791

72,054

81,283

67,880

88,873

76,798

35,367

78,611

61,066

81,673

125,531

75,465

66,197

39,598

27,900

32,358

27,476

49,856

64,168

63,876

72,072

58,254

39,522

38,101

34,256

38,704

44,563

39,127

40,820

39,424

36,990

39,208

32,226

0

0

0

INCOME TAX PROVISION (BENEFIT)
Current

35,049

30,355

27,476

26,972

13,896

19,887

20,936

17,678

9,160

26,613

28,244

33,055

38,023

12,863

6,570

4,488

4,616

7,918

13,075

16,836

18,834

18,863

16,124

11,454

10,810

10,424

11,021

11,893

0

0

0

-

-

-

-

-

-

Deferred

-18,308

-1,281

1,885

4,764

3,460

2,723

-4,870

-8,503

11,785

-10,086

-2,971

-428

-19,151

3,835

2,850

1,849

2,648

-2,005

-1,020

0

-1,100

1,305

710

-272

-471

-1,301

-706

0

0

0

0

-

-

-

-

-

-

Total income tax provision (benefit)

16,741

29,073

29,362

31,736

17,356

22,610

16,065

9,174

20,945

16,526

25,273

32,627

18,871

16,699

9,421

6,338

7,264

5,912

12,055

16,836

17,733

20,168

16,835

11,182

10,339

9,122

10,314

11,893

10,691

11,029

10,424

9,758

10,327

8,563

0

0

0

NET INCOME (LOSS)

4,465

41,717

42,692

49,546

50,524

66,263

60,733

26,192

57,666

44,540

56,400

92,903

56,594

49,498

30,177

21,561

25,094

21,563

37,800

47,331

46,143

51,904

41,418

28,339

27,762

25,134

28,389

32,670

28,436

29,791

29,000

27,231

28,881

23,662

0

0

0

Less: net loss attribute to the non-controlling interest

-

-

-

-

-

-

-

-

-

-

-

-6

-1

-1

-1

-0

-0

-0

0

-

0

0

-

-

-

-

-

-

-

-

-

1,039

0

0

0

-

0

NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS

-

-

-

-

-

-

-

-

-

-

-

92,909

56,595

49,499

30,179

21,562

21,154

29,199

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

500,991

273,050

70,212

81,006

0

0

0

-

-

-

30,553

-54,789

58,520

68,343

17,564

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

26,191

0

0

0

-

0

Foreign currency translation loss

-50,770

-22,158

-23,533

-26,365

-9,145

8,387

39,999

22,752

-650

-6,437

-26,851

-21,461

-13,834

-22,990

-13,877

-14,740

-8,645

1,914

1,758

-1,331

-545

660

2,867

5,820

3,965

4,387

547

-62

2,376

1,964

4,653

4,957

4,228

3,333

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-4

8

5

3

4

-2

0

0

-

0

0

-

-

-

-

-

-

-

-

-

49

0

0

0

-

0

Total other comprehensive income (loss)

450,221

250,891

46,678

54,640

-83,339

-19,796

-22,880

81,402

-38,018

-80,702

3,705

-76,246

44,676

45,346

3,683

-14,744

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Foreign currency translation loss attributable to common stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,907

0

0

0

-

0

Foreign currency translation loss attributable to common stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stockholders

-

-

-

-

-

-

-

-

-

-

-

16,662

101,272

94,846

33,862

6,817

16,461

23,486

39,567

46,009

45,597

52,564

44,286

34,159

31,727

29,521

28,937

32,607

36,613

36,315

0

-

0

0

-

0

-

Non-controlling interest

-

-

-

-

-

-

-

-

-

-

-

10

-3

-4

-2

-3

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

COMPREHENSIVE INCOME (LOSS)

454,686

292,609

89,371

104,186

-32,815

46,466

37,853

107,595

19,641

-36,168

60,101

16,652

101,276

94,850

33,864

6,821

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

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