NEWS RELEASE

CHINA SPORTS REPORTS NET PROFIT OF RMB5.9 MILLION IN 1Q12 ON REVENUE OF RMB129.0 MILLION

Group's gross profit margin up YoY due to positive shift in product mix with greater sales contribution from new generation breathable shoes
1Q12 gross profit margin up 5.1ppt to 25.7% from 20.6% in 1Q11
EPS for 1Q12 was 0.61 RMB cents
NAV per share as at 31 March 2012 was 121.50 RMB cents

Financial

Highlights

RMB (millions)

1Q12

1Q11

YoY Change

4Q11

QoQ Change

Revenue

129.0

264.8

-51.3%

167.3

-22.9%

Gross Profit

33.2

54.5

-39.2%

33.3

-0.3%

Gross Margin

25.7%

20.6%

+5.1ppt

19.9%

+5.8ppt

Net Profit

5.9

20.2

-70.7%

6.0

-1.7%

Net Margin

4.6%

7.6%

-3.0ppt

3.6%

+1.0ppt

SINGAPORE, 15 May 2012- SGX Mainboard-listed China Sports International Limited

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