On 29th April CHINA SPORTS INDUSTRY GROUP CO LTD(CSI), reported financial results for the quarter ended March 31, 2016. Their first quarter revenue has grown 18.96% to nearly RMB 127million.
However,CSI's Q1 profit has decreased 204.67% compared to the same period a year ago, resulting in a loss of over RMB 11million.
The Sports Fund Management Center of the State General Administration of Sport and the Sports Lottery Management Center of the State General Administration of Sport are the two largest shareholders in CSI.
CHINA SPORTS INDUSTRY GROUP CO LTD is a China-based public company whose main businesses include sport-related business and the sports real estate development business.
Its sports-related business involves sports event management and operation, stadium operation, fitness centre operation, sports agencies, sports lottery, sports marketing and others.
Its sports real estate development business involves the development and operation of real estate, sales of commercial residential buildings and operation of property management businesses.
source：CSI Annual Report 2015
Proofread by Sean O Diobhilin