LJ Inernational - chin.Schmuckhersteller - 500 Beiträge pro Seite
eröffnet am 19.04.09 15:44:23 von
neuester Beitrag 17.12.10 12:47:58 von
neuester Beitrag 17.12.10 12:47:58 von
Beiträge: 48
ID: 1.149.785
ID: 1.149.785
Aufrufe heute: 0
Gesamt: 3.997
Gesamt: 3.997
Aktive User: 0
Top-Diskussionen
| Titel | letzter Beitrag | Aufrufe |
|---|---|---|
| heute 12:50 | 2607 | |
| vor 1 Stunde | 2294 | |
| heute 13:50 | 1438 | |
| vor 57 Minuten | 999 | |
| vor 31 Minuten | 996 | |
| vor 1 Stunde | 966 | |
| vor 38 Minuten | 935 | |
| vor 39 Minuten | 848 |
Meistdiskutierte Wertpapiere
| Platz | vorher | Wertpapier | Kurs | Perf. % | Anzahl | ||
|---|---|---|---|---|---|---|---|
| 1. | 1. | 18.001,60 | +0,59 | 240 | |||
| 2. | 2. | 168,20 | +0,08 | 87 | |||
| 3. | 3. | 9,7000 | +12,27 | 75 | |||
| 4. | 14. | 6,1400 | -1,35 | 69 | |||
| 5. | 11. | 0,1865 | 0,00 | 52 | |||
| 6. | 7. | 0,8750 | -12,50 | 47 | |||
| 7. | 12. | 0,1561 | +2,97 | 38 | |||
| 8. | 6. | 2.302,50 | 0,00 | 36 |
Feedback
Bin auf diese interessante Aktie gestossen, die zuletzt zwar schon ordentlich stieg, aber mit einer MK von 30 Mill. noch einigen Spielraum haben könnte.
Hier mal die letzen Ergebnisse
HONG KONG--(BUSINESS WIRE)--LJ International Inc. (LJI) (NASDAQ: JADE - News), a leading jewelry manufacturer and retailer, today reported financial results for the fourth quarter and fiscal year ended December 31, 2008.
Related Quotes
Symbol Price Change
JADE 1.28 +0.18
Chart for LJ International, Inc.
{"s" : "jade","k" : "c10,l10,p20,t10","o" : "","j" : ""}
Fourth Quarter and Fiscal Year 2008 Highlights:
* Fourth quarter revenues declined approximately 11% year-over-year, which contributed to an overall decrease of almost 10% for the full Fiscal Year 2008. The decreased sales of the Companyâs jewelry products was a direct result of the global economic slowdown, offset partially by the improving productivity and ongoing expansion of ENZO, the Companyâs retail chain store in China which counted a total of 97 stores in operation at the end of December 31, 2008.
* Fourth quarter operating income increased by 209% year-over-year, while annual operating income decreased by nearly 84%.
* Net income for the fourth quarter of 2008 was $0.06 per share, up from a loss of ($0.04) a year earlier. Annual earnings per share rose to $0.11 from $0.07.
* Retail sales in 2008 accounted for an increasing share of LJI revenue. The Company expects this trend to continue through 2009.
For the fourth quarter ended December 31, 2008, revenues totaled $41.9 million, down 11% from $47.1 million in the fourth quarter of 2007. The Company noted that the decrease was due to the current global economic crisis, which had an especially strong negative impact on LJIâs wholesale business centered on North America. However, rising retail sales from the Companyâs ENZO chain in China partially offset the drop in wholesale revenues.
Gross profits in the fourth quarter of 2008 rose year-over-year to $11.3 million, or 27% of revenues, from $10.4 million, or 22% of revenues, in the fourth quarter of 2007. The increase in gross margins was due to the continued shift in revenue mix from lower-margin wholesale to higher-margin retail products.
Operating Profit Triples Year-Over-Year
Operating expenses in the fourth quarter of 2008 totaled $10.5 million, compared to $10.2 million in the fourth quarter of 2007. Operating income rose in the fourth quarter of 2008 to $0.8 million, up 209% from $0.2 million in the fourth quarter of 2007.
Non-operating income in the fourth quarter of 2008 was $1.5 million, primarily from a $1.5 million gain on currency translations.
Net income for the fourth quarter of 2008 totaled $1.4 million, or $0.06 per fully diluted share, from a loss of ($0.8 million), or ($0.04) per fully diluted share, in the fourth quarter of 2007.
CEO Affirms Positive Outlook for Retail Growth
LJI Chairman and CEO Yu Chuan Yih commented, âThe results we report today reflect both the challenges of operating in one of the most difficult economic environments we have ever experienced as well as the benefits of this Companyâs strategy based on low-cost production and broad market diversification, in particular our growing presence of retail stores in China. Although no part of our retail and wholesale customer base was spared the effects of the global downturn, we were able to cushion the blow to some degree through the higher-margin revenue contributions from our retail sales. We also have positioned ourselves well for the coming recovery by building up our cash position, keeping our debt levels relatively low and maintaining profitability. We do not expect to see a significant recovery soon in our relatively low-margin wholesale business, which derives most of its revenue from the U.S. But we are more optimistic about the prospects for retail growth as we continue to expand across Chinaâs vast and still relatively untapped consumer market.â
Annual Results Successfully Reflect Shift to Expanding ENZO Retail Chain
For the fiscal year ended December 31, 2008, LJI reported revenues totaling $136.3 million, down 10% from $152 million in 2007. Retail sales rose to $36.4 million in 2008 from $34.4 million in 2007. Considering the fact that the Company suspended the Signature line operation for 2008 which contributed revenue of $13 million in 2007, the retail revenue at retail store level actually increased by $15 million or 70% in 2008 as compared to 2007. Wholesale revenues fell to $99.8 million in 2008 from $117.7 million in 2007. The share of revenue from retail sales in 2008 rose to 27% vs. 73% for wholesale, compared to 23% vs. 77% in 2007.
Gross profit for fiscal 2008 totaled $39.2 million, or 29% of revenues, compared to $39.5 million, or 26% of revenues, in 2007. The increase in gross margins was due to the continued shift in our product mix from wholesale to retail.
Operating expenses for 2008 totaled $38.3 million, compared to $33.5 million in 2007. The increase was due primarily to the increase in rental costs of LJIâs retail division from $5.4 million in 2007 to $8.4 million in 2008 as rental costs were contingent on revenue level, non-recurring litigation expenses of $1.3 million and allowance for doubtful accounts of $1.2 million. Operating income in 2008 was $1 million, down 84% from $6 million in 2007.
Non-operating income in 2008 was $3.9 million, primarily consisting of a $2.2 million gain on the sale of a property held for lease and a $1.5 million gain on currency translation. This was partially offset by $1.8 million in interest expense.
Net income for 2008 totaled $2.5 million, or $0.11 per fully diluted share, up 57% on a per-share basis from $1.5 million, or $0.07 per fully diluted share, in 2007.
To be added to LJI's investor lists, please contact Haris Tajyar at htajyar@irintl.com or at 818-382-9702.
Hier mal die letzen Ergebnisse
HONG KONG--(BUSINESS WIRE)--LJ International Inc. (LJI) (NASDAQ: JADE - News), a leading jewelry manufacturer and retailer, today reported financial results for the fourth quarter and fiscal year ended December 31, 2008.
Related Quotes
Symbol Price Change
JADE 1.28 +0.18
Chart for LJ International, Inc.
{"s" : "jade","k" : "c10,l10,p20,t10","o" : "","j" : ""}
Fourth Quarter and Fiscal Year 2008 Highlights:
* Fourth quarter revenues declined approximately 11% year-over-year, which contributed to an overall decrease of almost 10% for the full Fiscal Year 2008. The decreased sales of the Companyâs jewelry products was a direct result of the global economic slowdown, offset partially by the improving productivity and ongoing expansion of ENZO, the Companyâs retail chain store in China which counted a total of 97 stores in operation at the end of December 31, 2008.
* Fourth quarter operating income increased by 209% year-over-year, while annual operating income decreased by nearly 84%.
* Net income for the fourth quarter of 2008 was $0.06 per share, up from a loss of ($0.04) a year earlier. Annual earnings per share rose to $0.11 from $0.07.
* Retail sales in 2008 accounted for an increasing share of LJI revenue. The Company expects this trend to continue through 2009.
For the fourth quarter ended December 31, 2008, revenues totaled $41.9 million, down 11% from $47.1 million in the fourth quarter of 2007. The Company noted that the decrease was due to the current global economic crisis, which had an especially strong negative impact on LJIâs wholesale business centered on North America. However, rising retail sales from the Companyâs ENZO chain in China partially offset the drop in wholesale revenues.
Gross profits in the fourth quarter of 2008 rose year-over-year to $11.3 million, or 27% of revenues, from $10.4 million, or 22% of revenues, in the fourth quarter of 2007. The increase in gross margins was due to the continued shift in revenue mix from lower-margin wholesale to higher-margin retail products.
Operating Profit Triples Year-Over-Year
Operating expenses in the fourth quarter of 2008 totaled $10.5 million, compared to $10.2 million in the fourth quarter of 2007. Operating income rose in the fourth quarter of 2008 to $0.8 million, up 209% from $0.2 million in the fourth quarter of 2007.
Non-operating income in the fourth quarter of 2008 was $1.5 million, primarily from a $1.5 million gain on currency translations.
Net income for the fourth quarter of 2008 totaled $1.4 million, or $0.06 per fully diluted share, from a loss of ($0.8 million), or ($0.04) per fully diluted share, in the fourth quarter of 2007.
CEO Affirms Positive Outlook for Retail Growth
LJI Chairman and CEO Yu Chuan Yih commented, âThe results we report today reflect both the challenges of operating in one of the most difficult economic environments we have ever experienced as well as the benefits of this Companyâs strategy based on low-cost production and broad market diversification, in particular our growing presence of retail stores in China. Although no part of our retail and wholesale customer base was spared the effects of the global downturn, we were able to cushion the blow to some degree through the higher-margin revenue contributions from our retail sales. We also have positioned ourselves well for the coming recovery by building up our cash position, keeping our debt levels relatively low and maintaining profitability. We do not expect to see a significant recovery soon in our relatively low-margin wholesale business, which derives most of its revenue from the U.S. But we are more optimistic about the prospects for retail growth as we continue to expand across Chinaâs vast and still relatively untapped consumer market.â
Annual Results Successfully Reflect Shift to Expanding ENZO Retail Chain
For the fiscal year ended December 31, 2008, LJI reported revenues totaling $136.3 million, down 10% from $152 million in 2007. Retail sales rose to $36.4 million in 2008 from $34.4 million in 2007. Considering the fact that the Company suspended the Signature line operation for 2008 which contributed revenue of $13 million in 2007, the retail revenue at retail store level actually increased by $15 million or 70% in 2008 as compared to 2007. Wholesale revenues fell to $99.8 million in 2008 from $117.7 million in 2007. The share of revenue from retail sales in 2008 rose to 27% vs. 73% for wholesale, compared to 23% vs. 77% in 2007.
Gross profit for fiscal 2008 totaled $39.2 million, or 29% of revenues, compared to $39.5 million, or 26% of revenues, in 2007. The increase in gross margins was due to the continued shift in our product mix from wholesale to retail.
Operating expenses for 2008 totaled $38.3 million, compared to $33.5 million in 2007. The increase was due primarily to the increase in rental costs of LJIâs retail division from $5.4 million in 2007 to $8.4 million in 2008 as rental costs were contingent on revenue level, non-recurring litigation expenses of $1.3 million and allowance for doubtful accounts of $1.2 million. Operating income in 2008 was $1 million, down 84% from $6 million in 2007.
Non-operating income in 2008 was $3.9 million, primarily consisting of a $2.2 million gain on the sale of a property held for lease and a $1.5 million gain on currency translation. This was partially offset by $1.8 million in interest expense.
Net income for 2008 totaled $2.5 million, or $0.11 per fully diluted share, up 57% on a per-share basis from $1.5 million, or $0.07 per fully diluted share, in 2007.
To be added to LJI's investor lists, please contact Haris Tajyar at htajyar@irintl.com or at 818-382-9702.
sind immerhin rentabel und in Zeiten der Krise ist billig ja leider oft sowieso angesagt.
Antwort auf Beitrag Nr.: 36.997.719 von Schablonski am 19.04.09 15:44:23Die Aktie hatte 2008 bereits extrem viel verloren. Die Aussagen des Managements sind eher zurückhaltend, daher denke ich das schon vile Negatives eingepreist ist.
Zitat CEO:
"We also have positioned ourselves well for the coming recovery by building up our cash position, keeping our debt levels relatively low and maintaining profitability"
Gute Kapitalbasis, wenig Schulden, weiterhin profitabel arbeiten...
"We also have positioned ourselves well for the coming recovery by building up our cash position, keeping our debt levels relatively low and maintaining profitability"
Gute Kapitalbasis, wenig Schulden, weiterhin profitabel arbeiten...
Nur leider ist die IR-Arbeit ein bisschen hinterher...
Trading Spotlight
Die letzten 5 Tage deutlich gestiegene Umsätze
17-Apr-09 1.18 1.42 1.12 1.28 457,700 1.28
16-Apr-09 0.97 1.18 0.95 1.10 327,400 1.10
15-Apr-09 0.98 1.03 0.80 0.95 196,900 0.95
14-Apr-09 0.77 0.98 0.77 0.94 299,700 0.94
13-Apr-09 0.69 0.80 0.65 0.77 212,000 0.77
Die Frage ist: War das erst ein Anfang oder nur ein Strohfeuer?
Ich habe gesehen, dass die Aktie vor 2 jahren schon mal im Gespräch war, aber seither eher aussen vor? Damals war die Rede von Chinas Bijou Brigitte
17-Apr-09 1.18 1.42 1.12 1.28 457,700 1.28
16-Apr-09 0.97 1.18 0.95 1.10 327,400 1.10
15-Apr-09 0.98 1.03 0.80 0.95 196,900 0.95
14-Apr-09 0.77 0.98 0.77 0.94 299,700 0.94
13-Apr-09 0.69 0.80 0.65 0.77 212,000 0.77
Die Frage ist: War das erst ein Anfang oder nur ein Strohfeuer?
Ich habe gesehen, dass die Aktie vor 2 jahren schon mal im Gespräch war, aber seither eher aussen vor? Damals war die Rede von Chinas Bijou Brigitte
was du schreibst ist alles wahr,ich würde an deiner stelle kaufen was bis der Arzt kommt! 
Antwort auf Beitrag Nr.: 36.998.086 von zocklany am 19.04.09 18:11:32in D gibt es ja fast keinen Handel. Ich würde viel lieber in der Diskussion herausfinden ob sich ein Einstieg wirklich (noch) lohnen könnte oder ob der Titel nur in den USA angetrieben wurde.
steigt heute weiter und das bei der Börsentendenz 
rt 1,20 hier geht noch was
heute wieder starker Anstieg.
Da könnte es morgen richtig abgehen...
Da könnte es morgen richtig abgehen...
Antwort auf Beitrag Nr.: 37.103.036 von Schablonski am 05.05.09 21:35:19schlusskurs 1,37 
Antwort auf Beitrag Nr.: 37.103.384 von Schablonski am 05.05.09 22:09:16heute schlusskurs 1,55
Da war ich mal drei Tage nicht da, da war hier ordentlich Bewegung drin.
PRICES
Date Open High Low Close Volume Adj Close*
22-May-09 1.50 1.62 1.35 1.42 253,700 1.42
21-May-09 1.62 1.63 1.40 1.42 399,600 1.42
20-May-09 1.49 1.75 1.47 1.65 740,900 1.65
19-May-09 1.34 1.46 1.20 1.44 345,700 1.44
Date Open High Low Close Volume Adj Close*
22-May-09 1.50 1.62 1.35 1.42 253,700 1.42
21-May-09 1.62 1.63 1.40 1.42 399,600 1.42
20-May-09 1.49 1.75 1.47 1.65 740,900 1.65
19-May-09 1.34 1.46 1.20 1.44 345,700 1.44
Der Hintergrund:
LJ International Reports Sharp Growth in Retail Sales and Income for First Quarter of 2009
Company’s China-Based ENZO Retail Chain Boosts Company-Wide Results as Wholesale Operations Decline from Global Recession
* On Friday May 15, 2009, 9:00 am EDT
*
Buzz up!
* Print
Related:
* LJ International Inc.
HONG KONG--(BUSINESS WIRE)--LJ International Inc. (LJI) (NASDAQ: JADE - News), a leading jewelry manufacturer and retailer, today reported financial results for the first quarter ended March 31, 2009.
First Quarter 2009 Highlights:
* Combined revenues for retail and wholesale divisions decreased 25% year-over-year.
* Retail revenues increased 40%, surpassing wholesale revenues for first time.
* Retail sales growth raises Company’s gross margin; operating results swing from loss to profit.
* Company remains profitable on net basis, with EPS of $0.01 on a fully-diluted basis.
* Cash position remains strong, rising to over $0.64 cents per share.
* Company to continue to focus on retail growth in China while maintaining position in its wholesale operations during global recession.
LJ International Reports Sharp Growth in Retail Sales and Income for First Quarter of 2009
Company’s China-Based ENZO Retail Chain Boosts Company-Wide Results as Wholesale Operations Decline from Global Recession
* On Friday May 15, 2009, 9:00 am EDT
*
Buzz up!
Related:
* LJ International Inc.
HONG KONG--(BUSINESS WIRE)--LJ International Inc. (LJI) (NASDAQ: JADE - News), a leading jewelry manufacturer and retailer, today reported financial results for the first quarter ended March 31, 2009.
First Quarter 2009 Highlights:
* Combined revenues for retail and wholesale divisions decreased 25% year-over-year.
* Retail revenues increased 40%, surpassing wholesale revenues for first time.
* Retail sales growth raises Company’s gross margin; operating results swing from loss to profit.
* Company remains profitable on net basis, with EPS of $0.01 on a fully-diluted basis.
* Cash position remains strong, rising to over $0.64 cents per share.
* Company to continue to focus on retail growth in China while maintaining position in its wholesale operations during global recession.
Antwort auf Beitrag Nr.: 37.242.070 von Schablonski am 24.05.09 21:08:07Komplett unter
http://finance.yahoo.com/news/LJ-International-Reports-bw-15…
http://finance.yahoo.com/news/LJ-International-Reports-bw-15…
Hab ich es nicht gesagt...heute bereits 1 Million Stück. Der Kurs strebt auf 2 Dollar zu. Ich schätze mal morgen sind die auch fällig
Antwort auf Beitrag Nr.: 37.256.977 von Schablonski am 26.05.09 20:40:54Hallo, wodurch ist denn der Anstieg begründet???
viele Grüsse Xyro
viele Grüsse Xyro
Antwort auf Beitrag Nr.: 37.257.081 von Xyronimus am 26.05.09 20:51:00Weiss man nie ganz genau, denn da Volumen ist plötzlich richtig gross. Aber die Quartalszahlen waren sehr gut (s.u.)
Ausserdem wird immer von über 3,50 Dolar Buchwert gesprochen.
First Quarter 2009 Highlights:
* Combined revenues for retail and wholesale divisions decreased 25% year-over-year.
* Retail revenues increased 40%, surpassing wholesale revenues for first time.
* Retail sales growth raises Company’s gross margin; operating results swing from loss to profit.
* Company remains profitable on net basis, with EPS of $0.01 on a fully-diluted basis.
* Cash position remains strong, rising to over $0.64 cents per share.
* Company to continue to focus on retail growth in China while maintaining position in its wholesale operations during global recession.
Ausserdem wird immer von über 3,50 Dolar Buchwert gesprochen.
First Quarter 2009 Highlights:
* Combined revenues for retail and wholesale divisions decreased 25% year-over-year.
* Retail revenues increased 40%, surpassing wholesale revenues for first time.
* Retail sales growth raises Company’s gross margin; operating results swing from loss to profit.
* Company remains profitable on net basis, with EPS of $0.01 on a fully-diluted basis.
* Cash position remains strong, rising to over $0.64 cents per share.
* Company to continue to focus on retail growth in China while maintaining position in its wholesale operations during global recession.
Antwort auf Beitrag Nr.: 37.257.081 von Xyronimus am 26.05.09 20:51:00Noch was aus dem yahoo-Forum:
Honing in on the renewed upside with JADE......interesting news we missed recently..... P/E (ttm): 15.22
EPS (ttm): 0.113
Book Value Per Share (mrq): 3.428
LJ International Reports Sharp Growth in Retail Sales and Income for First Quarter of 2009Business Wire(Fri, May 15)
source: greenbackers com
Honing in on the renewed upside with JADE......interesting news we missed recently..... P/E (ttm): 15.22
EPS (ttm): 0.113
Book Value Per Share (mrq): 3.428
LJ International Reports Sharp Growth in Retail Sales and Income for First Quarter of 2009Business Wire(Fri, May 15)
source: greenbackers com
Ich beobachte den Wert nun schon ein paar Wochen und sehe, dass er kontinuierlich nach oben getrieben wurde.
Antwort auf Beitrag Nr.: 37.257.191 von Schablonski am 26.05.09 21:00:28
Antwort auf Beitrag Nr.: 37.257.141 von Schablonski am 26.05.09 20:56:39Ja danke dir, schau mal hier : http://www.tradingday.com/tbs.html?http://quotes.barchart.co… fast alle Chartsignale auf kaufen, bin mal zu 1,78 rein. Mal sehen wo die Reise hingeht. mfG Xyro
Antwort auf Beitrag Nr.: 37.257.216 von Xyronimus am 26.05.09 21:02:36Ich denke auch, ist auf jeden Fall spannend. Wenn man sieht von wo die Aktie herkommt, dann ist schon noch einiges möglich. Ist schliesslich keine Insolvenzaktie, sondern profitabel.
Schluss 1,85
der wert bleibt immer noch interessant. Zuletzt 2,15 Dollar
Wieso stürzt die Aktie so ab.So schlecht wahren die Zahlen doch
nicht,oder?Ich meine wir haben jetzt Rezession.Die Marke ENZO
ist ja weltweit bekannt.Könnte es zu einer Uebernahme von Fuqi kommen?Na ja mal schauen wie es nächste Woche aussieht.
nicht,oder?Ich meine wir haben jetzt Rezession.Die Marke ENZO
ist ja weltweit bekannt.Könnte es zu einer Uebernahme von Fuqi kommen?Na ja mal schauen wie es nächste Woche aussieht.
Aug 14, 2009 (Datamonitor via COMTEX) -- JADE | Quote | Chart | News | PowerRating -- LJ International, a jewelry manufacturer and retailer, has reported a net income of $0.2 million, or $0.01 per diluted share, for the second quarter ended June 30, 2009, compared to a net loss of $0.3 million, or $0.01 per diluted share, in the second quarter of 2008.
For the second quarter of 2009, total revenues were $22.4 million, a 28% decrease, compared to $31.1 million in the second quarter of 2008.
For the first six months ended June 30, 2009, total revenues were $45.1 million, a 27% decrease, compared to $61.4 million in the first six months of 2008. Net income was $0.3 million, or $0.01 per diluted share, compared to $0.8 million, or $0.04 per diluted share, in the first half of 2008.
Yu Chuan Yih, chairman and CEO of LJ International, said: "The second quarter of 2009 was notable for evidence, both in our own sales and in the world economy generally, that the global recession may have hit bottom and that a recovery is on the way. The quarter-to-quarter rise in our wholesale revenues, most of which come from North America, was one encouraging sign of this possible trend."
For the second quarter of 2009, total revenues were $22.4 million, a 28% decrease, compared to $31.1 million in the second quarter of 2008.
For the first six months ended June 30, 2009, total revenues were $45.1 million, a 27% decrease, compared to $61.4 million in the first six months of 2008. Net income was $0.3 million, or $0.01 per diluted share, compared to $0.8 million, or $0.04 per diluted share, in the first half of 2008.
Yu Chuan Yih, chairman and CEO of LJ International, said: "The second quarter of 2009 was notable for evidence, both in our own sales and in the world economy generally, that the global recession may have hit bottom and that a recovery is on the way. The quarter-to-quarter rise in our wholesale revenues, most of which come from North America, was one encouraging sign of this possible trend."
sieht gut aus...
Diskussion auf Wunsch reaktiviert.
LJ International Inc. Announces Third Quarter 2010 Earnings Release Date and Conference Call
HONG KONG--(Marketwire - 10/25/10) - LJ International Inc. (LJI) (NASDAQ:JADE - News), a leading jewelry manufacturer and retailer, today announced that it will issue its Third Quarter 2010 financial results pre-market on Tuesday, November 9, 2010 followed by a conference call at 11:00 a.m. EST.
WHAT:
LJ International Inc. Third Quarter 2010 Earnings Conference Call
WHEN:
Tuesday, November 9, 2010 - 11:00 a.m. Eastern Standard Time
HOW:
Live via phone by dialing (877) 407-9210 and asking for the LJ International Inc. call.
Please call at least 10 minutes prior to the start time, or live over the Internet by visiting: http://www.investorcalendar.com/IC/CEPage.asp?ID=162271
REPLAY: A teleconference replay of the conference call will be available through November 30, 2010 and may be accessed by calling 877-660-6853. Please use account #286 and conference ID #359744. Web cast replay available until February 7, 2011.
About LJ International Inc.
LJ International Inc. (LJI) (NASDAQ:JADE - News) is engaged in the designing, branding, marketing and distribution of its full range of jewelry. It has built its global business on a vertical integration strategy, and an unwavering commitment to quality and service. Through its China-based ENZO retail chain stores, LJI is now a major presence in China's fast-growing retail jewelry market. As a wholesaler, it distributes to fine jewelers, department stores, national jewelry chains and electronic and specialty retailers throughout North America and Western Europe. Its product lines incorporate all major categories, including earrings, necklaces, pendants, rings and bracelets. For more information on the Company, visit the Company's website at www.ljintl.com.
Cautionary Note Regarding Forward-Looking Statements: This press release may contain "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "anticipates," "intends," "plans," "seeks," "believes," "estimates," "expects" and similar references to future periods. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance. We caution you therefore against relying on any of these forward-looking statements. Factors that could cause actual results to differ materially from such statements, as well as additional risk factors, are detailed in the Company's most recent filings with the Securities and Exchange Commission. Any forward-looking statement made by us in this press release speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking information contained in this press release or with respect to the announcements described herein, except as may be required by law.
LJ International's ENZO Brand Ranked as One of the Top Four Desired Luxury Brands in CBNweekly Survey
HONG KONG--(Marketwire - 10/27/10) - LJ International Inc. (LJI) (NASDAQ:JADE - News) today announced that the Company's ENZO retail line of products have been ranked as one of the top four most desired luxury brands for jewelry in a survey assessing consumer preferences. The survey was conducted among consumers in the metropolitan Shanghai region.
The leading Chinese business publication, CBNweekly, (October 11, 2010 edition), ranked ENZO along with major foreign brands in two categories -- "brand recognition" and "demonstrated buyer preference". ENZO placed fourth in each category, among a group that included Cartier, Tiffany and Bulgari. ENZO placed ahead of other high-end jewelers including: Gucci, Mikimoto, Graff, Pomelatto, Oxette, George Jensen and Chanel.
ENZO is the retail division of LJ International, currently operating more than 124 stores throughout China, including 20 operations in Shanghai alone.
"The survey results confirm ENZO's status as a retail brand regarded as world-class by sophisticated, affluent Chinese consumers," stated LJI's Chairman and CEO, Yu Chuan Yih. "This distinction is especially gratifying because the ENZO brand is only five years old. To be compared to brands going back a century or more is a sign of our rapid progress in establishing a reputation for top-quality, as well as sophisticated and contemporary design."
CBNweekly is a publication of First Financial, a cross-media, cross-regional, cross-industry professional financial information provider. First Financial serves Chinese investors and the global Chinese economic community by providing real-time, rigorous, high-quality and in-depth analysis of financial news to create a financial information platform of international influence.
About LJ International Inc.
LJ International Inc. (LJI) (NASDAQ:JADE - News) is engaged in the designing, branding, marketing and distribution of its full range of jewelry which reflects today's consumer preference for affordable luxury. It has built its global business on a vertical integration strategy, and an unwavering commitment to quality and service. Through its China-based ENZO retail chain stores, LJI is now a major presence in China's fast-growing retail jewelry market. As a wholesaler, it distributes to fine jewelers, department stores, national jewelry chains and electronic and specialty retailers throughout North America and Western Europe. Its product lines incorporate all major categories, including earrings, necklaces, pendants, rings and bracelets. For more information on the Company, visit the Company's website at www.ljintl.com.
Cautionary Note Regarding Forward-Looking Statements: This press release may contain "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "anticipates," "intends," "plans," "seeks," "believes," "estimates," "expects" and similar references to future periods. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance. We caution you therefore against relying on any of these forward-looking statements. Factors that could cause actual results to differ materially from such statements, as well as additional risk factors, are detailed in the Company's most recent filings with the Securities and Exchange Commission. Any forward-looking statement made by us in this press release speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking information contained in this press release or with respect to the announcements described herein, except as may be required by law.
mal sehen was hier noch geht
HONG KONG--(Marketwire - 10/25/10) - LJ International Inc. (LJI) (NASDAQ:JADE - News), a leading jewelry manufacturer and retailer, today announced that it will issue its Third Quarter 2010 financial results pre-market on Tuesday, November 9, 2010 followed by a conference call at 11:00 a.m. EST.
WHAT:
LJ International Inc. Third Quarter 2010 Earnings Conference Call
WHEN:
Tuesday, November 9, 2010 - 11:00 a.m. Eastern Standard Time
HOW:
Live via phone by dialing (877) 407-9210 and asking for the LJ International Inc. call.
Please call at least 10 minutes prior to the start time, or live over the Internet by visiting: http://www.investorcalendar.com/IC/CEPage.asp?ID=162271
REPLAY: A teleconference replay of the conference call will be available through November 30, 2010 and may be accessed by calling 877-660-6853. Please use account #286 and conference ID #359744. Web cast replay available until February 7, 2011.
About LJ International Inc.
LJ International Inc. (LJI) (NASDAQ:JADE - News) is engaged in the designing, branding, marketing and distribution of its full range of jewelry. It has built its global business on a vertical integration strategy, and an unwavering commitment to quality and service. Through its China-based ENZO retail chain stores, LJI is now a major presence in China's fast-growing retail jewelry market. As a wholesaler, it distributes to fine jewelers, department stores, national jewelry chains and electronic and specialty retailers throughout North America and Western Europe. Its product lines incorporate all major categories, including earrings, necklaces, pendants, rings and bracelets. For more information on the Company, visit the Company's website at www.ljintl.com.
Cautionary Note Regarding Forward-Looking Statements: This press release may contain "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "anticipates," "intends," "plans," "seeks," "believes," "estimates," "expects" and similar references to future periods. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance. We caution you therefore against relying on any of these forward-looking statements. Factors that could cause actual results to differ materially from such statements, as well as additional risk factors, are detailed in the Company's most recent filings with the Securities and Exchange Commission. Any forward-looking statement made by us in this press release speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking information contained in this press release or with respect to the announcements described herein, except as may be required by law.
LJ International's ENZO Brand Ranked as One of the Top Four Desired Luxury Brands in CBNweekly Survey
HONG KONG--(Marketwire - 10/27/10) - LJ International Inc. (LJI) (NASDAQ:JADE - News) today announced that the Company's ENZO retail line of products have been ranked as one of the top four most desired luxury brands for jewelry in a survey assessing consumer preferences. The survey was conducted among consumers in the metropolitan Shanghai region.
The leading Chinese business publication, CBNweekly, (October 11, 2010 edition), ranked ENZO along with major foreign brands in two categories -- "brand recognition" and "demonstrated buyer preference". ENZO placed fourth in each category, among a group that included Cartier, Tiffany and Bulgari. ENZO placed ahead of other high-end jewelers including: Gucci, Mikimoto, Graff, Pomelatto, Oxette, George Jensen and Chanel.
ENZO is the retail division of LJ International, currently operating more than 124 stores throughout China, including 20 operations in Shanghai alone.
"The survey results confirm ENZO's status as a retail brand regarded as world-class by sophisticated, affluent Chinese consumers," stated LJI's Chairman and CEO, Yu Chuan Yih. "This distinction is especially gratifying because the ENZO brand is only five years old. To be compared to brands going back a century or more is a sign of our rapid progress in establishing a reputation for top-quality, as well as sophisticated and contemporary design."
CBNweekly is a publication of First Financial, a cross-media, cross-regional, cross-industry professional financial information provider. First Financial serves Chinese investors and the global Chinese economic community by providing real-time, rigorous, high-quality and in-depth analysis of financial news to create a financial information platform of international influence.
About LJ International Inc.
LJ International Inc. (LJI) (NASDAQ:JADE - News) is engaged in the designing, branding, marketing and distribution of its full range of jewelry which reflects today's consumer preference for affordable luxury. It has built its global business on a vertical integration strategy, and an unwavering commitment to quality and service. Through its China-based ENZO retail chain stores, LJI is now a major presence in China's fast-growing retail jewelry market. As a wholesaler, it distributes to fine jewelers, department stores, national jewelry chains and electronic and specialty retailers throughout North America and Western Europe. Its product lines incorporate all major categories, including earrings, necklaces, pendants, rings and bracelets. For more information on the Company, visit the Company's website at www.ljintl.com.
Cautionary Note Regarding Forward-Looking Statements: This press release may contain "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "anticipates," "intends," "plans," "seeks," "believes," "estimates," "expects" and similar references to future periods. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance. We caution you therefore against relying on any of these forward-looking statements. Factors that could cause actual results to differ materially from such statements, as well as additional risk factors, are detailed in the Company's most recent filings with the Securities and Exchange Commission. Any forward-looking statement made by us in this press release speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking information contained in this press release or with respect to the announcements described herein, except as may be required by law.
mal sehen was hier noch geht
LJ International Reports Strong Consumer Demand for Its "Lovely Heart" Pendant
Over 9,500 Pieces Already Sold in 2010 vs. 6,000 for Last Year's Similar "Lucky Star
Press Release Source: LJ International On Monday November 1, 2010, 8:00 am EDT
HONG KONG--(Marketwire - 11/01/10) - LJ International Inc. (LJI) (NASDAQ:JADE - News) today reported strong consumer demand for its Lovely Heart pendant, sold exclusively through its ENZO chain of retail jewelry stores in China.
More than 9,500 pieces have been sold since the pendant's introduction in June 2010. Sales are expected to reach approximately 10,000 for the year, up from sales of approximately 6,000 for the "Lucky Star" ENZO pendant in 2009.
Lovely Heart, like last year's Lucky Star, is ENZO's "summer special" promotional item, designed to boost consumer traffic at the traditionally slowest time of the year. The Company believes that its high sales volume this year reflects not only the inherent appeal of Lovely Heart (pictured here) but also the growing reputation of ENZO stores among affluent Chinese consumers.
LJI said Lovely Heart has proven to be a valuable addition to the existing ENZO lines on several levels. First, it reinforces the LJI's strength as a dominant player in the "affordable luxury" market. Second, it serves as the main display driving customer traffic at new ENZO stores. Third, it display's LJI's trademark colored stones in an assortment that provides universal, year-round appeal and can be cross-sold with other ENZO pieces. Finally, Lovely Heart is an ideal vehicle to educate customers on colored gemstones, which are relatively new to the Chinese retail market.
"We are pleased with the overwhelming response the Lovely Heart Collection has received. Just as other luxury jewelers have trademark pieces, we expect Lovely Heart Collection to be recognized in the same regard," stated LJI Chairman and CEO, Yu Chuan Yih. "On the business side, in addition to increasing sales revenues, the strong appeal of the Lovely Heart Collection promotes the ENZO brand through increased awareness and visibility. Especially as we continue the expansion of ENZO stores throughout China, the mass appeal of the Lovely Heart design reinforces our belief that consumers both desire and actively purchase fashionable pieces at reasonable prices."
About LJ International Inc.
LJ International Inc. (LJI) (NASDAQ:JADE - News) is engaged in the designing, branding, marketing and distribution of its full range of jewelry. It has built its global business on a vertical integration strategy, and an unwavering commitment to quality and service. Through its China-based ENZO retail chain stores, LJI is now a major presence in China's fast-growing retail jewelry market. As a wholesaler, it distributes to fine jewelers, department stores, national jewelry chains and electronic and specialty retailers throughout North America and Western Europe. Its product lines incorporate all major categories, including earrings, necklaces, pendants, rings and bracelets. For more information on the Company, visit the Company's website at www.ljintl.com.
Cautionary Note Regarding Forward-Looking Statements: This press release may contain "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "anticipates," "intends," "plans," "seeks," "believes," "estimates," "expects" and similar references to future periods. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance. We caution you therefore against relying on any of these forward-looking statements. Factors that could cause actual results to differ materially from such statements, as well as additional risk factors, are detailed in the Company's most recent filings with the Securities and Exchange Commission. Any forward-looking statement made by us in this press release speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking information contained in this press release or with respect to the announcements described herein, except as may be required by law.
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1406485
Over 9,500 Pieces Already Sold in 2010 vs. 6,000 for Last Year's Similar "Lucky Star
Press Release Source: LJ International On Monday November 1, 2010, 8:00 am EDT
HONG KONG--(Marketwire - 11/01/10) - LJ International Inc. (LJI) (NASDAQ:JADE - News) today reported strong consumer demand for its Lovely Heart pendant, sold exclusively through its ENZO chain of retail jewelry stores in China.
More than 9,500 pieces have been sold since the pendant's introduction in June 2010. Sales are expected to reach approximately 10,000 for the year, up from sales of approximately 6,000 for the "Lucky Star" ENZO pendant in 2009.
Lovely Heart, like last year's Lucky Star, is ENZO's "summer special" promotional item, designed to boost consumer traffic at the traditionally slowest time of the year. The Company believes that its high sales volume this year reflects not only the inherent appeal of Lovely Heart (pictured here) but also the growing reputation of ENZO stores among affluent Chinese consumers.
LJI said Lovely Heart has proven to be a valuable addition to the existing ENZO lines on several levels. First, it reinforces the LJI's strength as a dominant player in the "affordable luxury" market. Second, it serves as the main display driving customer traffic at new ENZO stores. Third, it display's LJI's trademark colored stones in an assortment that provides universal, year-round appeal and can be cross-sold with other ENZO pieces. Finally, Lovely Heart is an ideal vehicle to educate customers on colored gemstones, which are relatively new to the Chinese retail market.
"We are pleased with the overwhelming response the Lovely Heart Collection has received. Just as other luxury jewelers have trademark pieces, we expect Lovely Heart Collection to be recognized in the same regard," stated LJI Chairman and CEO, Yu Chuan Yih. "On the business side, in addition to increasing sales revenues, the strong appeal of the Lovely Heart Collection promotes the ENZO brand through increased awareness and visibility. Especially as we continue the expansion of ENZO stores throughout China, the mass appeal of the Lovely Heart design reinforces our belief that consumers both desire and actively purchase fashionable pieces at reasonable prices."
About LJ International Inc.
LJ International Inc. (LJI) (NASDAQ:JADE - News) is engaged in the designing, branding, marketing and distribution of its full range of jewelry. It has built its global business on a vertical integration strategy, and an unwavering commitment to quality and service. Through its China-based ENZO retail chain stores, LJI is now a major presence in China's fast-growing retail jewelry market. As a wholesaler, it distributes to fine jewelers, department stores, national jewelry chains and electronic and specialty retailers throughout North America and Western Europe. Its product lines incorporate all major categories, including earrings, necklaces, pendants, rings and bracelets. For more information on the Company, visit the Company's website at www.ljintl.com.
Cautionary Note Regarding Forward-Looking Statements: This press release may contain "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "anticipates," "intends," "plans," "seeks," "believes," "estimates," "expects" and similar references to future periods. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance. We caution you therefore against relying on any of these forward-looking statements. Factors that could cause actual results to differ materially from such statements, as well as additional risk factors, are detailed in the Company's most recent filings with the Securities and Exchange Commission. Any forward-looking statement made by us in this press release speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking information contained in this press release or with respect to the announcements described herein, except as may be required by law.
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1406485
http://finance.yahoo.com/news/LJ-International-Reports-83-iw…
LJ International Reports 83% Revenue Increase in ENZO Division and 36% Rise in Corporate Q3 Revenues
Press Release Source: LJ International On Tuesday November 9, 2010, 8:00 am EST
HONG KONG--(Marketwire - 11/09/10) - LJ International Inc. (LJI) (NASDAQ:JADE - News)
* Revenues rise sharply on retail side, fueled by store openings and 13% comp-store sales increase
* Retail margins boost gross profit 49%
* Operating margin breaks the 10% barrier; operating income increases 188%
* EPS rises 300% (140% excluding non-recurring gain)
* Balance sheet reflects ENZO ramp-up, rise in working capital
LJ International Inc. (LJI) (NASDAQ:JADE - News) today reported a 36% year-over-year increase in revenues for the third quarter ended September 30, 2010. Net income rose to $0.19 per fully diluted share ($0.12 before non-recurring gain) from $0.05 in 2009. Sales and income growth reflected an 83% rise in sales at LJI's ENZO retail chain of jewelry stores in China.
The Company also said it expects fourth quarter 2010 sales for ENZO to increase 40% year-over-year, offsetting an approximately 15% decrease in wholesale revenues. LJI projects EPS from operations of approximately $0.13 for the fourth quarter and $0.41 for all of 2010.
"Today's results clearly demonstrate how our retail-based growth strategy is succeeding as planned," said LJI's Chairman and CEO, Yu Chuan Yih. "Our ENZO division is the primary driver of both sales growth and margin improvements at all levels, from gross to net profit. Retail sales also are rising not just from the opening of new stores but from significantly higher sales on per-store basis. With new financing in place to fund at least 60 new ENZO stores in 2011, LJI is on track to take advantage of continuing economic growth in China while holding its own as a leading jewelry wholesaler in slower-growing global markets."
Comparable-Store Sales Increase 13%
LJI's company-wide revenues for the third quarter ended September 30, 2010 totaled $35.7 million, up 36% from $26.2 million in the third quarter of 2009. Retail revenues were $21.1 million, up 83% from $11.5 million in 2009. Comparable store retail sales rose 13% for the third quarter of 2010 from a year earlier. Wholesale revenues were $14.6 million, down less than 1% from $14.7 million a year earlier.
Rising retail revenues reflected expanded store count (up to 124 at the end of the third quarter from 92 a year earlier) and growing consumer interest in ENZO jewelry lines coupled with the continued rise of disposable income in China's expanding economy. The rising value of the ENZO brand was reflected in a recent survey by the business publication, CBNweekly, where Shanghai-area consumers ranked ENZO as one of the four most desired luxury brands for jewelry.
As in past quarters, gross margins for retail revenues were substantially higher than wholesale. Gross retail profit in the third quarter of 2010 was $10.6 million, or 51% of retail revenues. Gross wholesale profit was $3.4 million, or 23% of wholesale revenues. Overall gross profit was $14.0 million, or 39% of revenues, up 49% from $9.4 million, or 36% of revenues, in the third quarter of 2009.
Operating and Net Margins Continue to Rise
LJI's operating income for the third quarter of 2010 was $3.7 million, or 10% of revenues, up 188% from $1.3 million, or 5% of revenues, a year earlier. The improvement was due both to the sharp rise in higher-margin retail sales along with effective controls on sales, general and administrative (SG&A) expenses.
Retail operating income was $3.1 million, or 15% of retail revenues, up from $1.0 million, or 8% of retail revenues, a year earlier. Wholesale operating income was $1.0 million, or 7% of wholesale revenues, compared to $0.5 million, or 4% of wholesale revenue, in the third quarter of 2009. Third-quarter operating profit from the two divisions was offset by corporate expense of $0.3 million in 2010 and $0.2 million in 2009.
SG&A in the third quarter of 2010 rose by 28% from a year earlier -- a slower rate than revenues and thus fell year-over-year as a percentage of revenues, to 26% from 28%. Total operating expenses (SG&A, depreciation and net loss on derivatives) rose 27% year-over-year to $10.3 million from $8.1 million.
EPS Increases 140%, Excluding Non-Recurring Gain
Net income, including a one-time gain of $1.6 million on the sale of investment property, totaled $4.8 million or $0.19 per fully diluted share, in the third quarter of 2010. This was an increase of 300% on a per-share basis, from $1.1 million, or $0.05 per fully diluted share, a year earlier. Excluding the non-recurring gain, net income was $3.2 million, or $0.12 per fully diluted share, up 140% on a per-share basis from the third quarter of 2009.
As with gross and operating results, the growth of higher-margin retail business had a strong positive impact on net margins. The $3.2 million from operations (excluding non-recurring gain) in the latest quarter was 9% of revenues, up from a net margin of 4% a year earlier.
As of September 30, 2010, LJI had $2.3 million in cash and cash equivalents, plus $10.5 million in restricted cash; compared to $11.3 million in cash and equivalents and $6.4 million in restricted cash on December 31, 2009. The current ratio was 2.3, down from 2.6 at the end of 2009. Working capital increased during the nine months to $86.3 million from $77.6 million. Long-term debt fell to $1.8 million from $2.3 million as of December 20, 2009.
The changes in LJI's balance sheet from the end of 2009 to September 30, 2010 reflect the expansion of the ENZO chain, which resumed in 2010 after a two-year internal review and consolidation period. The decrease in cash and equivalents reflects, in part, a deployment of cash to ramp up inventories. The latter grew to $104.6 million at the end of the third quarter from $81.4 million nine months earlier.
ENZO Revenue Seen Rising 40% in Q4
In guidance for the fourth quarter ending December 31, 2010, the Company said it expects revenues of ENZO to total approximately $23.5 million, up 40% from a year earlier. Wholesale revenues are projected at approximately $19 million, down 15% year-over-year. Overall revenues are expected to be near $42.5 million for the fourth quarter, up 8% from the fourth quarter of 2009.
Net income in the fourth quarter of 2010 is expected to be approximately $3.8 million, or $0.13 per fully diluted share, up 44% on a per-share basis from a year earlier.
For all of 2010, the projected fourth quarter results would bring total revenues to just under $138 million, with net income from operations (excluding the gain from the sale of investment property in the third quarter of 2010) totaling approximately $11 million, or $0.41 per fully diluted share. This is up from net income of $3.7 million, or $0.15 per fully diluted share, in 2009.
Nine-Month Results Reinforce Quarterly Trends
For the nine months ended September 30, 2010, LJI's revenues totaled $95.5 million, up 34% from $71.3 million in the first nine months of 2009. Gross profit was $37.3 million, or 39% of revenues, up 42% from $26.2 million, or 37% of revenues, a year earlier. Operating income for the first nine months of 2010 was $8.7 million, or 9% of revenues, up from $2.0 million, or 3% of revenues, a year earlier. Net income from operations (excluding non-recurring gain) was $7.4 million, or 8% of revenues, in the first nine months of 2010, up from $1.4 million, or 2% of revenues a year earlier. Earnings per fully diluted share from operations (excluding non-recurring gain) were up 383% to $0.29 from $0.06 a year earlier.
Retail revenues for the first nine months of 2010 totaled $54.2 million, up 59% from $34.1 million a year earlier. Wholesale revenues rose 11% to $41.4 million from $37.3 million in the first nine months of 2009.
About LJ International Inc.
LJ International Inc. (LJI) (NASDAQ:JADE - News) is engaged in the designing, branding, marketing and distribution of a full range of jewelry. It has built its global business on a vertical integration strategy and an unwavering commitment to quality and service. Through its ENZO stores, LJI is now a major presence in China's fast-growing retail jewelry market. As a wholesaler LJI it distributes to fine jewelers, department stores, national jewelry chains, and electronic and specialty retailers throughout North America and Western Europe. Product lines incorporate all major categories including: earrings, necklaces, pendants, rings and bracelets.
Cautionary Note Regarding Forward-Looking Statements:
This press release contains "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "anticipates," "intends," "plans," "believes," "estimates," "projects," "expects" and similar references to future periods. Examples of forward-looking statements include, but are not limited to, statements we make regarding our guidance relating to our operating results for the fourth quarter ending December 31, 2010, including total revenues and earnings per fully diluted share. The foregoing is not an exclusive list of all forward-looking statements we make.
Forward-looking statements are based on our current expectations and assumptions regarding our business, the global economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance. We caution you therefore against relying on any of these forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include global political, economic, business, competitive, market and regulatory conditions and the following: the current global financial crisis and economic conditions; changes in consumer spending patterns and consumer preferences; the effects of political and economic events and conditions in the U.S., China and worldwide; the impact of competition and pricing; market price of key raw materials; political instability; currency and exchange risks and changes in existing or potential duties, tariffs or quotas; availability of attractive store locations; our ability to develop new merchandise; and our ability to hire, train and retain associates. The risk factors that are presented in Item 3.D. of our Report on Form 20-F for the fiscal year ended December 31, 2009, as well as the disclosures contained in our other public filings which we have filed with the Securities and Exchange Commission.
Any forward-looking statement made by us in this press release speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
LJ International Reports 83% Revenue Increase in ENZO Division and 36% Rise in Corporate Q3 Revenues
Press Release Source: LJ International On Tuesday November 9, 2010, 8:00 am EST
HONG KONG--(Marketwire - 11/09/10) - LJ International Inc. (LJI) (NASDAQ:JADE - News)
* Revenues rise sharply on retail side, fueled by store openings and 13% comp-store sales increase
* Retail margins boost gross profit 49%
* Operating margin breaks the 10% barrier; operating income increases 188%
* EPS rises 300% (140% excluding non-recurring gain)
* Balance sheet reflects ENZO ramp-up, rise in working capital
LJ International Inc. (LJI) (NASDAQ:JADE - News) today reported a 36% year-over-year increase in revenues for the third quarter ended September 30, 2010. Net income rose to $0.19 per fully diluted share ($0.12 before non-recurring gain) from $0.05 in 2009. Sales and income growth reflected an 83% rise in sales at LJI's ENZO retail chain of jewelry stores in China.
The Company also said it expects fourth quarter 2010 sales for ENZO to increase 40% year-over-year, offsetting an approximately 15% decrease in wholesale revenues. LJI projects EPS from operations of approximately $0.13 for the fourth quarter and $0.41 for all of 2010.
"Today's results clearly demonstrate how our retail-based growth strategy is succeeding as planned," said LJI's Chairman and CEO, Yu Chuan Yih. "Our ENZO division is the primary driver of both sales growth and margin improvements at all levels, from gross to net profit. Retail sales also are rising not just from the opening of new stores but from significantly higher sales on per-store basis. With new financing in place to fund at least 60 new ENZO stores in 2011, LJI is on track to take advantage of continuing economic growth in China while holding its own as a leading jewelry wholesaler in slower-growing global markets."
Comparable-Store Sales Increase 13%
LJI's company-wide revenues for the third quarter ended September 30, 2010 totaled $35.7 million, up 36% from $26.2 million in the third quarter of 2009. Retail revenues were $21.1 million, up 83% from $11.5 million in 2009. Comparable store retail sales rose 13% for the third quarter of 2010 from a year earlier. Wholesale revenues were $14.6 million, down less than 1% from $14.7 million a year earlier.
Rising retail revenues reflected expanded store count (up to 124 at the end of the third quarter from 92 a year earlier) and growing consumer interest in ENZO jewelry lines coupled with the continued rise of disposable income in China's expanding economy. The rising value of the ENZO brand was reflected in a recent survey by the business publication, CBNweekly, where Shanghai-area consumers ranked ENZO as one of the four most desired luxury brands for jewelry.
As in past quarters, gross margins for retail revenues were substantially higher than wholesale. Gross retail profit in the third quarter of 2010 was $10.6 million, or 51% of retail revenues. Gross wholesale profit was $3.4 million, or 23% of wholesale revenues. Overall gross profit was $14.0 million, or 39% of revenues, up 49% from $9.4 million, or 36% of revenues, in the third quarter of 2009.
Operating and Net Margins Continue to Rise
LJI's operating income for the third quarter of 2010 was $3.7 million, or 10% of revenues, up 188% from $1.3 million, or 5% of revenues, a year earlier. The improvement was due both to the sharp rise in higher-margin retail sales along with effective controls on sales, general and administrative (SG&A) expenses.
Retail operating income was $3.1 million, or 15% of retail revenues, up from $1.0 million, or 8% of retail revenues, a year earlier. Wholesale operating income was $1.0 million, or 7% of wholesale revenues, compared to $0.5 million, or 4% of wholesale revenue, in the third quarter of 2009. Third-quarter operating profit from the two divisions was offset by corporate expense of $0.3 million in 2010 and $0.2 million in 2009.
SG&A in the third quarter of 2010 rose by 28% from a year earlier -- a slower rate than revenues and thus fell year-over-year as a percentage of revenues, to 26% from 28%. Total operating expenses (SG&A, depreciation and net loss on derivatives) rose 27% year-over-year to $10.3 million from $8.1 million.
EPS Increases 140%, Excluding Non-Recurring Gain
Net income, including a one-time gain of $1.6 million on the sale of investment property, totaled $4.8 million or $0.19 per fully diluted share, in the third quarter of 2010. This was an increase of 300% on a per-share basis, from $1.1 million, or $0.05 per fully diluted share, a year earlier. Excluding the non-recurring gain, net income was $3.2 million, or $0.12 per fully diluted share, up 140% on a per-share basis from the third quarter of 2009.
As with gross and operating results, the growth of higher-margin retail business had a strong positive impact on net margins. The $3.2 million from operations (excluding non-recurring gain) in the latest quarter was 9% of revenues, up from a net margin of 4% a year earlier.
As of September 30, 2010, LJI had $2.3 million in cash and cash equivalents, plus $10.5 million in restricted cash; compared to $11.3 million in cash and equivalents and $6.4 million in restricted cash on December 31, 2009. The current ratio was 2.3, down from 2.6 at the end of 2009. Working capital increased during the nine months to $86.3 million from $77.6 million. Long-term debt fell to $1.8 million from $2.3 million as of December 20, 2009.
The changes in LJI's balance sheet from the end of 2009 to September 30, 2010 reflect the expansion of the ENZO chain, which resumed in 2010 after a two-year internal review and consolidation period. The decrease in cash and equivalents reflects, in part, a deployment of cash to ramp up inventories. The latter grew to $104.6 million at the end of the third quarter from $81.4 million nine months earlier.
ENZO Revenue Seen Rising 40% in Q4
In guidance for the fourth quarter ending December 31, 2010, the Company said it expects revenues of ENZO to total approximately $23.5 million, up 40% from a year earlier. Wholesale revenues are projected at approximately $19 million, down 15% year-over-year. Overall revenues are expected to be near $42.5 million for the fourth quarter, up 8% from the fourth quarter of 2009.
Net income in the fourth quarter of 2010 is expected to be approximately $3.8 million, or $0.13 per fully diluted share, up 44% on a per-share basis from a year earlier.
For all of 2010, the projected fourth quarter results would bring total revenues to just under $138 million, with net income from operations (excluding the gain from the sale of investment property in the third quarter of 2010) totaling approximately $11 million, or $0.41 per fully diluted share. This is up from net income of $3.7 million, or $0.15 per fully diluted share, in 2009.
Nine-Month Results Reinforce Quarterly Trends
For the nine months ended September 30, 2010, LJI's revenues totaled $95.5 million, up 34% from $71.3 million in the first nine months of 2009. Gross profit was $37.3 million, or 39% of revenues, up 42% from $26.2 million, or 37% of revenues, a year earlier. Operating income for the first nine months of 2010 was $8.7 million, or 9% of revenues, up from $2.0 million, or 3% of revenues, a year earlier. Net income from operations (excluding non-recurring gain) was $7.4 million, or 8% of revenues, in the first nine months of 2010, up from $1.4 million, or 2% of revenues a year earlier. Earnings per fully diluted share from operations (excluding non-recurring gain) were up 383% to $0.29 from $0.06 a year earlier.
Retail revenues for the first nine months of 2010 totaled $54.2 million, up 59% from $34.1 million a year earlier. Wholesale revenues rose 11% to $41.4 million from $37.3 million in the first nine months of 2009.
About LJ International Inc.
LJ International Inc. (LJI) (NASDAQ:JADE - News) is engaged in the designing, branding, marketing and distribution of a full range of jewelry. It has built its global business on a vertical integration strategy and an unwavering commitment to quality and service. Through its ENZO stores, LJI is now a major presence in China's fast-growing retail jewelry market. As a wholesaler LJI it distributes to fine jewelers, department stores, national jewelry chains, and electronic and specialty retailers throughout North America and Western Europe. Product lines incorporate all major categories including: earrings, necklaces, pendants, rings and bracelets.
Cautionary Note Regarding Forward-Looking Statements:
This press release contains "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "anticipates," "intends," "plans," "believes," "estimates," "projects," "expects" and similar references to future periods. Examples of forward-looking statements include, but are not limited to, statements we make regarding our guidance relating to our operating results for the fourth quarter ending December 31, 2010, including total revenues and earnings per fully diluted share. The foregoing is not an exclusive list of all forward-looking statements we make.
Forward-looking statements are based on our current expectations and assumptions regarding our business, the global economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance. We caution you therefore against relying on any of these forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include global political, economic, business, competitive, market and regulatory conditions and the following: the current global financial crisis and economic conditions; changes in consumer spending patterns and consumer preferences; the effects of political and economic events and conditions in the U.S., China and worldwide; the impact of competition and pricing; market price of key raw materials; political instability; currency and exchange risks and changes in existing or potential duties, tariffs or quotas; availability of attractive store locations; our ability to develop new merchandise; and our ability to hire, train and retain associates. The risk factors that are presented in Item 3.D. of our Report on Form 20-F for the fiscal year ended December 31, 2009, as well as the disclosures contained in our other public filings which we have filed with the Securities and Exchange Commission.
Any forward-looking statement made by us in this press release speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
ist wohl der guenstigste schmuckwert in china derzeit.
allerdings sehr klein und nasdaq reagiert mit etwas abschlag ???
allerdings sehr klein und nasdaq reagiert mit etwas abschlag ???
rege Diskussion auf yahoo, wenn auch vieles nicht sonderlich informativ
http://messages.finance.yahoo.com/mb/jade
http://messages.finance.yahoo.com/mb/jade
http://finance.yahoo.com/news/LJ-International-Enlists-iw-24…
J International Enlists Renowned Make-Up Artist to Spotlight All-Occasion Appeal of Colored Gemstones
Press Release Source: LJ International On Tuesday November 23, 2010, 9:56 am EST
HONG KONG, CHINA--(Marketwire - 11/23/10) - LJ International Inc. (LJI) (NASDAQ:JADE - News) has enlisted one of East Asia's best-known make-up artists to demonstrate the all-occasion appeal of its "ENZO Color Collection" line of colored gemstone jewelry.
Taiwan's Oscar Kaichang, who has worked with singers Lin Chi-ling, Meng Guangmei, Chia-chi and Cai Shuzhen, appeared with models at LJI's ENZO retail store in Guiyang on November 20, 2010 to demonstrate his "multicolored life" make-up techniques that highlight the beauty of the ENZO Color Collection. Kaichang has held similar shows at ENZO stores in Shanghai (in August 2010) and Beijing (in September, 2010). Future shows are planned approximately bimonthly at other ENZO stores throughout China.
Kaichang's demonstrations are a key part of LJI's consumer education and marketing initiative aimed at driving sales of colored-gemstone jewelry, an area in which the Company specializes. The shows also are intended to tap into fashion-conscious consumers with a high interest in cosmetics. Demonstrations illustrate how LJI's ENZO Color Collection extend and enhance the effect of high-end cosmetics when applied with an expert hand.
Women in China traditionally have focused their attention on gold and, more recently, diamonds. Colored gemstones are already popular worldwide. As colored gemstones gain in popularity in China, LJI believes that it will have a first-mover position in the mid-to-high price range of this growing market. LJI's established brand and marketing initiatives such as the Oscar Kaichang shows have placed LJI at the forefront of the colored-stone movement.
"We are pleased with the positive early responses to the 'multicolored life' events, both from consumers and the media," said LJI Chairman and CEO, Yu Chuan Yih. "Kaichang's involvement with ENZO and his reputation as a master of make-up technique is spurring interest in our growing retail chain. Our core high-margin product lines benefit from his skill of showing how colored gemstones can be a perfect fit for both informal and formal wear. Through shows such as these, consumers are learning just how versatile LJI's distinctive jewelry lines can be."
About LJ International
LJ International Inc. (LJI) (NASDAQ:JADE - News) is engaged in the designing, branding, marketing and distribution of a full range of jewelry. It has built its global business on a vertical integration strategy and an unwavering commitment to quality and service. Through its ENZO stores, LJI is now a major presence in China's fast-growing retail jewelry market. As a wholesaler, it distributes to fine jewelers, department stores, national jewelry chains and electronic and specialty retailers throughout North America and Western Europe. Its product lines incorporate all major categories, including earrings, necklaces, pendants, rings and bracelets.
Cautionary Note Regarding Forward-Looking Statements: This press release may contain "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "anticipates," "intends," "plans," "seeks," "believes," "estimates," "expects" and similar references to future periods. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance. We caution you therefore against relying on any of these forward-looking statements. Factors that could cause actual results to differ materially from such statements, as well as additional risk factors, are detailed in the Company's most recent filings with the Securities and Exchange Commission. Any forward-looking statement made by us in this press release speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking information contained in this press release or with respect to the announcements described herein, except as may be required by law.
J International Enlists Renowned Make-Up Artist to Spotlight All-Occasion Appeal of Colored Gemstones
Press Release Source: LJ International On Tuesday November 23, 2010, 9:56 am EST
HONG KONG, CHINA--(Marketwire - 11/23/10) - LJ International Inc. (LJI) (NASDAQ:JADE - News) has enlisted one of East Asia's best-known make-up artists to demonstrate the all-occasion appeal of its "ENZO Color Collection" line of colored gemstone jewelry.
Taiwan's Oscar Kaichang, who has worked with singers Lin Chi-ling, Meng Guangmei, Chia-chi and Cai Shuzhen, appeared with models at LJI's ENZO retail store in Guiyang on November 20, 2010 to demonstrate his "multicolored life" make-up techniques that highlight the beauty of the ENZO Color Collection. Kaichang has held similar shows at ENZO stores in Shanghai (in August 2010) and Beijing (in September, 2010). Future shows are planned approximately bimonthly at other ENZO stores throughout China.
Kaichang's demonstrations are a key part of LJI's consumer education and marketing initiative aimed at driving sales of colored-gemstone jewelry, an area in which the Company specializes. The shows also are intended to tap into fashion-conscious consumers with a high interest in cosmetics. Demonstrations illustrate how LJI's ENZO Color Collection extend and enhance the effect of high-end cosmetics when applied with an expert hand.
Women in China traditionally have focused their attention on gold and, more recently, diamonds. Colored gemstones are already popular worldwide. As colored gemstones gain in popularity in China, LJI believes that it will have a first-mover position in the mid-to-high price range of this growing market. LJI's established brand and marketing initiatives such as the Oscar Kaichang shows have placed LJI at the forefront of the colored-stone movement.
"We are pleased with the positive early responses to the 'multicolored life' events, both from consumers and the media," said LJI Chairman and CEO, Yu Chuan Yih. "Kaichang's involvement with ENZO and his reputation as a master of make-up technique is spurring interest in our growing retail chain. Our core high-margin product lines benefit from his skill of showing how colored gemstones can be a perfect fit for both informal and formal wear. Through shows such as these, consumers are learning just how versatile LJI's distinctive jewelry lines can be."
About LJ International
LJ International Inc. (LJI) (NASDAQ:JADE - News) is engaged in the designing, branding, marketing and distribution of a full range of jewelry. It has built its global business on a vertical integration strategy and an unwavering commitment to quality and service. Through its ENZO stores, LJI is now a major presence in China's fast-growing retail jewelry market. As a wholesaler, it distributes to fine jewelers, department stores, national jewelry chains and electronic and specialty retailers throughout North America and Western Europe. Its product lines incorporate all major categories, including earrings, necklaces, pendants, rings and bracelets.
Cautionary Note Regarding Forward-Looking Statements: This press release may contain "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "anticipates," "intends," "plans," "seeks," "believes," "estimates," "expects" and similar references to future periods. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance. We caution you therefore against relying on any of these forward-looking statements. Factors that could cause actual results to differ materially from such statements, as well as additional risk factors, are detailed in the Company's most recent filings with the Securities and Exchange Commission. Any forward-looking statement made by us in this press release speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking information contained in this press release or with respect to the announcements described herein, except as may be required by law.
was ist denn heute los?
Roth Capital meint folgendes:
http://www.streetinsider.com/Analyst+Comments/Roth+Capital+S…
Vielleicht sollte man sich dennoch in Zukunft hinter die Ohren schreiben:
Vorsicht, bei
- Unternhemen, die nicht am Heimatmarkt gelistet sind
- die in einem stark frequentierten Messageboard besprochen werden
- trotz guten Gewinnen kaum oder keine Dividende aussschuetten
- in der Vergangenheit wiederholt den Kurs verwaessert haben
- ein oder mehrere Topmanager haben, die Dreck am Stecken haben oder laufende Verfahren am Hals
Nachdem ich hier bei rund $5 eingestiegen bin, bleibe ich aber erstmal drin, vielleicht hat Roth & Capital ja recht.
http://www.streetinsider.com/Analyst+Comments/Roth+Capital+S…
Vielleicht sollte man sich dennoch in Zukunft hinter die Ohren schreiben:
Vorsicht, bei
- Unternhemen, die nicht am Heimatmarkt gelistet sind
- die in einem stark frequentierten Messageboard besprochen werden
- trotz guten Gewinnen kaum oder keine Dividende aussschuetten
- in der Vergangenheit wiederholt den Kurs verwaessert haben
- ein oder mehrere Topmanager haben, die Dreck am Stecken haben oder laufende Verfahren am Hals
Nachdem ich hier bei rund $5 eingestiegen bin, bleibe ich aber erstmal drin, vielleicht hat Roth & Capital ja recht.
Antwort auf Beitrag Nr.: 40.601.257 von bmann025 am 26.11.10 23:22:21dein link landet im nirgendwo, bitte nochmal reinstellen
Roth Capital Says Buy the Weakness in LJ International (JADE); Shares Up Almost 13% Today
Nov 26, 2010 11:08AM
The only analyst on the Street covering Hong Kong's LJ International (Nasdaq: JADE), Roth Capital's Elizabeth Pierce, recommended investors take advantage of an 18.5% decline in the stock on Wednesday and buy shares today.
Traders are apparently taking heed to this call today; shares of JADE are up nearly 13% to $4.32.
The analyst said that LJ shares fell sharply on Wednesday following speculation related to an SEC investigation. Pierce believes that the decline was actually due to a large seller rather than any regulatory concerns.
Roth Capital's price target implies potential upside of about 62% from where the stock is trading this morning.
Check out our Analyst Ratings page to track all the market-moving analyst calls on shares of LJ International.
Nov 26, 2010 11:08AM
The only analyst on the Street covering Hong Kong's LJ International (Nasdaq: JADE), Roth Capital's Elizabeth Pierce, recommended investors take advantage of an 18.5% decline in the stock on Wednesday and buy shares today.
Traders are apparently taking heed to this call today; shares of JADE are up nearly 13% to $4.32.
The analyst said that LJ shares fell sharply on Wednesday following speculation related to an SEC investigation. Pierce believes that the decline was actually due to a large seller rather than any regulatory concerns.
Roth Capital's price target implies potential upside of about 62% from where the stock is trading this morning.
Check out our Analyst Ratings page to track all the market-moving analyst calls on shares of LJ International.
Antwort auf Beitrag Nr.: 40.602.091 von bmann025 am 27.11.10 12:40:50HONG KONG--(Marketwire - 12/03/10) - LJ International Inc. (LJI) (NASDAQ:JADE - News) today announced the Company's reiteration of fourth quarter guidance for the fiscal year ending December 31, 2010. As announced on November 9, 2010 at the release of LJI's third quarter 2010 financial results, the Company expects revenues to total approximately $42.5 million in the fourth quarter, up 8% from a year earlier, and just under $138 million for fiscal 2010. LJI expects net income in the fourth quarter of 2010 to total approximately $3.8 million, or $0.13 per fully diluted share, up 44% on a per-share basis from a year earlier.
For the year 2010, projected fourth quarter results would bring total revenues to just under $138 million, with net income from operations (excluding the gain from the sale of investment property in the third quarter of 2010) totaling approximately $11 million, or $0.41 per fully diluted share. This figure is an increase from the net income of $3.7 million, or $0.15 per fully diluted share, in 2009.
"LJI's financial results for the year to date are on track with the Company's plans," stated LJI's Chairman and CEO, Yu Chuan Yih. "We are affirming guidance for earnings from operations for 2010 as we continue to roll out our execution strategy for ENZO retail stores. We anticipate that by the end of the fourth quarter 2010, LJI could reach up to 135 ENZO stores across China. On the wholesale side, as mentioned during our third quarter 2010 earnings call, consistent sales figures over the past few quarters indicate a stabilization in the global consumer sector. Furthermore, LJI's wholesale division maintains its 'blue chip' customer base and is proud to have continued all wholesales relationships throughout recent economic times. As 2010 comes to a close, we would like to thank our shareholders, employees, and customers for their continued confidence and support as we grew our ENZO business and laid the foundation for future growth. We feel 2011 will be a year of continued prosperity."
LJI today also issued a statement in response to the recent volatility in the price of its common shares: "Although the Company does not comment on market rumors as a general policy, the Company is not aware of any adverse conditions or events involving the Company or any of its subsidiaries, its management or its operations which may have contributed to the recent stock trading and share price decline of our common stock."
About LJ International
LJ International Inc. (LJI) (NASDAQ:JADE - News) is engaged in the designing, branding, marketing and distribution of a full range of jewelry. It has built its global business on a vertical integration strategy and an unwavering commitment to quality and service. Through its ENZO stores, LJI is now a major presence in China's fast-growing retail jewelry market. As a wholesaler, it distributes to fine jewelers, department stores, national jewelry chains and electronic and specialty retailers throughout North America and Western Europe. Its product lines incorporate all major categories, including earrings, necklaces, pendants, rings and bracelets.
Cautionary Note Regarding Forward-Looking Statements: This press release may contain "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "anticipates," "intends," "plans," "seeks," "believes," "estimates," "expects" and similar references to future periods. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance. We caution you therefore against relying on any of these forward-looking statements. Factors that could cause actual results to differ materially from such statements, as well as additional risk factors, are detailed in the Company's most recent filings with the Securities and Exchange Commission. Any forward-looking statement made by us in this press release speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking information contained in this press release or with respect to the announcements described herein, except as may be required by law.
Contact:
Contacts
Corporate:
Mr. Ringo Ng
Chief Financial Officer
LJ International Inc.
Tel: 011-852-2170-0018
ringong@ljintl.com
www.ljintl.com
Investor Relations:
Ms. Jennifer K. Zimmons/Richard Cooper
Managing Director/President
Cooper Global Communications
Tel: 212-317-1400
jzimmons@cooperglobalcommunications.com
rcooper@cooperglobalcommunications.com
http://finance.yahoo.com/news/LJ-International-Reaffirms-Q4-…
For the year 2010, projected fourth quarter results would bring total revenues to just under $138 million, with net income from operations (excluding the gain from the sale of investment property in the third quarter of 2010) totaling approximately $11 million, or $0.41 per fully diluted share. This figure is an increase from the net income of $3.7 million, or $0.15 per fully diluted share, in 2009.
"LJI's financial results for the year to date are on track with the Company's plans," stated LJI's Chairman and CEO, Yu Chuan Yih. "We are affirming guidance for earnings from operations for 2010 as we continue to roll out our execution strategy for ENZO retail stores. We anticipate that by the end of the fourth quarter 2010, LJI could reach up to 135 ENZO stores across China. On the wholesale side, as mentioned during our third quarter 2010 earnings call, consistent sales figures over the past few quarters indicate a stabilization in the global consumer sector. Furthermore, LJI's wholesale division maintains its 'blue chip' customer base and is proud to have continued all wholesales relationships throughout recent economic times. As 2010 comes to a close, we would like to thank our shareholders, employees, and customers for their continued confidence and support as we grew our ENZO business and laid the foundation for future growth. We feel 2011 will be a year of continued prosperity."
LJI today also issued a statement in response to the recent volatility in the price of its common shares: "Although the Company does not comment on market rumors as a general policy, the Company is not aware of any adverse conditions or events involving the Company or any of its subsidiaries, its management or its operations which may have contributed to the recent stock trading and share price decline of our common stock."
About LJ International
LJ International Inc. (LJI) (NASDAQ:JADE - News) is engaged in the designing, branding, marketing and distribution of a full range of jewelry. It has built its global business on a vertical integration strategy and an unwavering commitment to quality and service. Through its ENZO stores, LJI is now a major presence in China's fast-growing retail jewelry market. As a wholesaler, it distributes to fine jewelers, department stores, national jewelry chains and electronic and specialty retailers throughout North America and Western Europe. Its product lines incorporate all major categories, including earrings, necklaces, pendants, rings and bracelets.
Cautionary Note Regarding Forward-Looking Statements: This press release may contain "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "anticipates," "intends," "plans," "seeks," "believes," "estimates," "expects" and similar references to future periods. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance. We caution you therefore against relying on any of these forward-looking statements. Factors that could cause actual results to differ materially from such statements, as well as additional risk factors, are detailed in the Company's most recent filings with the Securities and Exchange Commission. Any forward-looking statement made by us in this press release speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking information contained in this press release or with respect to the announcements described herein, except as may be required by law.
Contact:
Contacts
Corporate:
Mr. Ringo Ng
Chief Financial Officer
LJ International Inc.
Tel: 011-852-2170-0018
ringong@ljintl.com
www.ljintl.com
Investor Relations:
Ms. Jennifer K. Zimmons/Richard Cooper
Managing Director/President
Cooper Global Communications
Tel: 212-317-1400
jzimmons@cooperglobalcommunications.com
rcooper@cooperglobalcommunications.com
http://finance.yahoo.com/news/LJ-International-Reaffirms-Q4-…
Antwort auf Beitrag Nr.: 40.641.450 von gergi123 am 03.12.10 15:20:4116-Dec-10 10:21 ET In Play LJ Intl initiated earlier with a Mkt Outperform at Rodman & Renshaw; tgt $7 (3.79 +0.26) : Rodman & Renshaw initiated JADE with a Mkt Outperform and price target of $7 saying they believe that while retail investors are busy surfing the recovery in U.S. discretionary names, with heightened enthusiasm over U.S. retailers charting new territory in emerging markets, they are overlooking a seasoned emerging markets jewelry retailer, LJ International, that is further along the learning curve and has already spent years pruning its ~100 store portfolio in China. Firm says JADE is poised to grow profitably. They say in the retail business, much of the fine-tuning has already been done in merchandising, pricing, real estate selection, and brand building. They also note the retail environment in China has improved in recent years as disposable income per capita grew at 13.7% CAGR over the past two decades to $2,548.
briefing.com
briefing.com
DurchsuchenBeitrag zu dieser Diskussion schreiben
Zu dieser Diskussion können keine Beiträge mehr verfasst werden, da der letzte Beitrag vor mehr als zwei Jahren verfasst wurde und die Diskussion daraufhin archiviert wurde.
Bitte wenden Sie sich an feedback@wallstreet-online.de und erfragen Sie die Reaktivierung der Diskussion oder starten Sie eine neue Diskussion.
Meistdiskutiert
| Wertpapier | Beiträge | |
|---|---|---|
| 133 | ||
| 82 | ||
| 52 | ||
| 32 | ||
| 31 | ||
| 27 | ||
| 26 | ||
| 14 | ||
| 13 | ||
| 10 |
| Wertpapier | Beiträge | |
|---|---|---|
| 10 | ||
| 10 | ||
| 10 | ||
| 8 | ||
| 7 | ||
| 7 | ||
| 7 | ||
| 7 | ||
| 6 | ||
| 6 |
