China Sports International Limited
Dingxing Industrial Zone
Yangdai, Jinjiang City, Fujian Province
The People's Republic of China 362218
NEWS RELEASE
CHINA SPORTS REPORTS NET PROFIT OF RMB47.6 MILLION IN FY11 ON REVENUE OF RMB913.1 MILLION
Positive response from both consumers and distributors for
higher profit margin
YELI breathable shoes
Gross profit margin up 2.3ppt from 17.6% in 4Q10 to 19.9% in
4Q11 and up
4.9ppt from 16.0% in FY10 to 20.9% in FY11
EPS in FY11 was 4.94 RMB cents
NAV per share as at 31 December 2011 was 120.57 RMB cents
Financial Highlights | 3 months ended 31 Dec | 12 months ended 31 Dec | ||||
RMB (millions) | 4Q11 | 4Q10 | Change | FY11 | FY10 | Change |
Revenue | 167.3 | 259.9 | -35.6% | 913.1 | 1223.0 | -25.3% |
Gross Profit | 33.3 | 45.7 | -27.2% | 190.4 | 195.5 | -2.6% |
Gross Margin | 19.9% | 17.6% | 2.3ppt | 20.9% | 16.0% | 4.9ppt |
Net Profit | 6.0 | 13.3 | -55.2% | 47.6 | 66.3 | -28.3% |
Net Margin | 3.6% | 5.1% | -1.5ppt | 5.2% | 5.4% | -0.2ppt |
Limited (