China Sports International Limited announced unaudited consolidated earnings results for third quarter and nine months ended September 30, 2015. For the quarter, the company reported revenue of RMB 32,317,000, other operating income of RMB 106,000, loss before income tax of RMB 270,178,000, loss for the period of RMB 270,178,000, net cash used in operating activities of RMB 93,323,000, purchases of property, plant and equipment of RMB 107,000 compared to the revenue of RMB 217,553,000, other operating income of RMB 950,000, profit before income tax of RMB 25,800,000, profit for the period of RMB 19,178,000, net cash used in operating activities of RMB 33,588,000, purchases of property, plant and equipment of RMB 3,000 for the same quarter a year ago. Increase in net cash used in operating activities was mainly due to huge loss generated of approximately RMB 270.2 million, decrease in trade receivables of approximately RMB 46.1 million which is offset by the huge impairment loss on trade receivables recognised of approximately RMB 188.4 million in third quarter of 2015. Diluted loss per share was 28.10 cents against earnings per share of 1.99 cents.

For the year to date, the company reported revenue of RMB 191,160,000, other operating income of RMB 675,000, profit before income tax of RMB 566,287,000, loss for the period of RMB 566,287,000, net cash used operating activities of RMB 335,953,000 compared to the revenue of RMB 614,511,000, other operating income of RMB 2,947,000, loss before income tax of RMB 108,308,000, profit for the period of RMB 49,932,000, net cash from operating activities of RMB 47,694,000 for the same period a year ago. Net book value of property, plant and equipment decreased by approximately RMB 8 million from approximately RMB 113.8 million as at 31 December 2014 to approximately RMB 105.7 million as at 30 September 2015. This was mainly attributed to the depreciation charge of the property, plant and equipment during the period of approximately RMB 8 million. Net asset value per share as at 30 September 2015 was 48.47 cents. Net asset value per share as at 30 September 2015 for the company was 53.90 cents. Diluted loss per share was 58.89 cents against earnings per share of 5.19 cents.