Detail akcie Kingold Jewelry Rg online

Business Summary: Kingold Jewelry Inc designs and manufactures 24-karat gold jewelry and Chinese ornaments. The Company develops, promotes and sells a range of products to the jewelry market across the People's Republic of China (PRC). The Company offers a range of in-house designed products, including, but not limited to, gold necklaces, rings, earrings, bracelets and pendants. The Company also sells investment gold products through banks in China. The Company sells its products directly to distributors, retailers and other wholesalers, who then sell its products to consumers through retail counters located in both department stores and other traditional stand-alone jewelry stores.
Financial Summary: BRIEF: For the nine months ended 30 September 2019, Kingold Jewelry Inc revenues decreased 22% to $1.43B. Net loss totaled $5M vs. income of $40M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net loss reflects Interest expense - Balancing value increase of 6% to $128.5M (expense), Selling/General/Admin. Expense increase of 53% to $11.6M (expense).