ZKL China Keli Electric Company Ltd (delisted)

China Keli Electric Co., Ltd. (TSX VENTURE:ZKL) ("Keli" or the "Company") today
announced the financial and operating results for the year ended April 30, 2012.


For the year ended April 30, 2012 ("FY2012"), total revenue was $15,066,561, a
slight decrease over FY2011 ($15,278,059). Excluding $1.4 million one-time sale
of raw materials in FY2011, product sales revenue in FY2012 increased by 8.2%
from FY2011. Gross profit in FY2012 was $5,718,134, a decrease of 8.6% over
FY2011 ($6,257,683). The Company carefully managed its operating expenses, which
decreased by 19.6% from FY2011 ($5,123,582 in FY2012 compared with $6,368,872 in
FY2011). As a result, the Company's net profit was $343,693 in FY2012, compared
to a loss of $765,014 in FY2011. Basic and diluted earnings per share ("EPS")
were $0.004 compared with loss per share of $0.010 in FY2011. The increased net
profit and EPS were due primarily to decreased operating expenses. Excluding
stock-based compensation expenses, the Company would have recorded a net profit
of $819,059 in FY2012, an increase of 115.2% over $380,672 in FY2011. After
accounting for an unrealized foreign exchange translation gain of $246,023, the
Company reported total comprehensive income of $589,716 in FY2012, compared with
a total comprehensive loss of $1,088,801 in FY2011. The Company's unrealized
foreign exchange income on translation of the Company's functional currency to
its reporting currency is subject to fluctuations in the exchange rate between
the RMB and the Canadian dollar in each reporting period.


"We're very pleased to report both net profit and EPS increases and increased
product sale," said Lou Meng Cheong, Keli's CEO. "Our first full year as a
public company (FY 2011) was challenging and there were considerable one time
costs. We've managed our expenses carefully and ran our operations profitably in
FY2012. Looking forward, we are optimistic about the future in spite of a
slow-down in the global and Chinese economies. China is still investing heavily
in our focused market sector, and the recent roll-out of our new products and
services is being met with success." 


As of April 30, 2012, the Company had total cash and cash equivalents of
$1,486,664 compared with $1,717,377 as of April 30, 2011. Accounts receivable
were $10,609,440 as at April 30, 2012, an increase of $1,960,669 compared with
$8,648,771 as at April 30, 2011. The Company's working capital was $8,535,065 as
at April 30, 2012, materially the same as working capital of $8,537,972 reported
at April 30, 2011.


The functional currency of the Company and its subsidiaries is Chinese Yuan
(also known as "Renminbi" or "RMB"). The financial and operating results of the
relevant periods have been translated into Canadian dollars. Depending on the
magnitude of changes in foreign currency exchange rates, the impact on the
financial and operating results may or may not be material.


Full audited financial results of the Company for the fiscal year ended April
30, 2012 are available on SEDAR at www.sedar.com.


About China Keli Electric Company Ltd.

China Keli Electric Company Ltd. specializes in the manufacturing of electrical
components and equipment, including pre-assembled mini substations, electrical
controllers, pressurized and vacuumed switchgears and circuit breakers.


For further company information please access our website: www.zkl.cc

This press release contains forward-looking statements based on current
expectations. These forward-looking statements entail various risks and
uncertainties that could cause actual results to differ materially from those
reflected in these forward-looking statements. Risks and uncertainties about
Keli's business are more fully discussed in the Company's disclosure materials
filed with the securities regulatory authorities in Canada. All amounts are
stated in Canadian dollars unless noted otherwise.

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