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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of December 1998
LJ INTERNATIONAL INC.
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(Translation of registrant's name into English)
UNIT #12, 12/F, BLOCK A, FOCAL INDUSTRIAL CENTER
21 MAN LOK STREET, HUNG HOM, KOWLOON, HONG KONG
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(Address of principal executive offices)
[Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
Form 20-F X Form 40-F
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[Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the information
to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange
Act of 1934.
Yes No X
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[If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82- .
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
LJ INTERNATIONAL INC.
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(Registrant)
Date: December 16, 1998
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By: /s/ NG Hon Tak Ringo
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NG Hon Tak Ringo
Chief Financial Officer
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LJ INTERNATIONAL INC. ANNOUNCES RECORD
OPERATING REVENUES AND PROFIT FOR SIX MONTHS
ENDED OCTOBER 31ST, 1998.
LJ International announces 6 month operating results
LJ International Inc. (NASDAQ/NMS:JADEF) announces operating revenue of $14.1
million for six months ending October 31, 1998 compared to $6.9 million for
the comparable period last year, an increase of +103%. Net income for the
period increased to $2.0 million compared to $1.2 million or +72%.
Annual revenues for last fiscal year ended April 30, 1998 were $16.1 million.
Operating results reflect adjustments for US GAAP.
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Six Months ended 10/31/98 10/31/97 % chg
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<S> <C> <C> <C>
Revenue [in thousands] $14,073 $6,909 +104%
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Net Income [in thousands] $ 1,990 $1,159 +72%
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EPS $ 0.31 $ 0.26 NA
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Weighted avg. # shares 6,329,000 4,407,000 NA
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During the second quarter, LJ International successfully launched a new brand
of lifestyle inspired sterling silver jewelry at the Hong Kong Jewelry Fair.
The Company has received initial orders from direct mail retailers and fine
jewelers for this initial collection.
LJ International Inc. is a vertically integrated gemstone cutter and
manufacturer of fine quality colored gemstone jewelry in 14 & 18 Kt. Gold and
sterling silver. Cumulative margins associated with the unique combination of
gemstone cutting and jewelry manufacturing contribute to
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gross margins that are significantly higher than comparable jewelry
manufacturers.
The Company operates two manufacturing facilities in the PRC and employs over
2,000 skilled craftsmen, producing more than 1,000,000 pieces of finished
fine jewelry and cuts more than 4,000,000 carats of high quality gemstones
annually.
For additional information,
Visit our website @www.ljinc.com, email LJ International
[email protected] or contact Mike Fearnow in the USA at 409 597 7500.
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