China Sports Industry Group announces 2016 annual results

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According to Sohu Sports, China Sports Industry Group Co. Ltd, the first listed sports company in China, announced its 2016 annual results on March 27. In 2016, its operating revenue was RMB 1.186 billion, an increase of 39% from the year before. The net profit of the shareholders was RMB 61.01 million, a decrease of 21.37%.

During the reporting period, the operating revenue of sports related business was RMB 0.596 billion, with a profit of RMB 39.61 million; the operating revenue of real estate related business was RMB 0.585 billion, with a profit of RMB 16.09 million.

Its services include:- 

professional sports events management & operation

stadium consulting, design, construction & facility supply

sports intermediary services, recreation & fitness

sports lottery

overseas businesses; sports real estate 

The company says that it will stick to its sports industrial development strategy in 2017, achieving growth in both sports services and sports real estate. It will also create premium sports events, and provide public service products for the public. 

Source: Sohu Sports

Proofread by Sean O Diobhilin