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 |
(