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Kanglai Sports’ profit up 169%

By Wang Hailong 20 Apr 2016

Kanglai Sports published its annual report recently,which showed that its revenue for 2015 was RMB 56.55million, having grown 13% compared to the previous year.

Its profit for 2015 was RMB 1.83million, growing an impressive 169% compared to 2014.

The football market is expected to be worth RMB 2 trillion in the future and the youth soccer training market is still in its infancy.

So Kanglai Sports entered the football training market this year. Its three other main businesses include sports goods sales, intelligent sports equipment and dynamic networking & cloud health.

Kanglai Sports trades on the National Equities Exchange and Quotations Co (NEEQC).

NEEQC is also called the “New Third Board,” which is an alternative to the Shenzhen Stock Exchange (SZSE) and Shanghai Stock Exchange (SHSE) and is primarily for unlisted technology companies.

There are a few other companies focusing on sports-related businesses which are trading on NEEQC as well.

Source: Shanghai Securities News

Proofread by John Devlin.
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