China Sports International Limited reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported revenue of RMB 47,743,000 against RMB 55,342,000 a year ago. Loss before income tax was RMB 7,348,000 against RMB 303,252,000 a year ago. Loss for the period was RMB 7,348,000 against RMB 304,977,000 a year ago. Net cash provided by operating activities was RMB 8,796,000 against net cash used in operating activities of RMB 65,174,000 a year ago. Diluted loss per share was 0.71 cents against 31.54 cents a year ago. Net cash used in operating activities in second quarter of 2016 increased by approximately RMB 72 million as compared to second quarter of 2015 mainly due to huge loss generated of approximately RMB 303.3 million, increase in trade receivables of approximately RMB 62.7 million which is offset by the huge impairment loss on trade receivables recognised of approximately RMB 299.0 million as compared with second quarter of 2016 with less fluctuation in use of working capital. For the six months, the company reported revenue of RMB 98,753,000 against RMB 158,843,000 a year ago. Loss before income tax was RMB 12,850,000 against RMB 296,109,000 a year ago. Loss for the period was RMB 12,850,000 against RMB 296,109,000 a year ago. Net cash used in operating activities was RMB 664,000 against RMB 242,630,000 a year ago. Purchases of property, plant and equipment was RMB 24,620,000. Diluted loss per share was 1.25 cents against 30.80 cents a year ago. Net asset value per share as at June 30, 2016 was 40.48 cents. The decrease in revenue in first half and second quarter of 2016 were mainly attributable to the persistent and increasing competition in the sportswear industry. Net cash used in operating activities in first half of 2016 increased significantly by approximately RMB 238.6 million as compared to first half of 2015 mainly due to the huge loss generated of approximately RMB 296.1 million in first half of 2015, increase in trade receivables of approximately RMB 146.1 million, decrease in trade payables and bills payables of approximately RMB 112 million, respectively and this is offset by the huge impairment loss on trade receivables recognised of approximately RMB 299.0 million and inventories of approximately RMB 7.4 million in first half of 2015 as compared with first half of 2016 with less fluctuation.