Bank Ceramic

See More About:    Ceramic Piggy        Ceramic Pig        

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$2.99
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Baby Boy Ceramic Shoe Piggy Bank
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$21.98
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Ceramic upright piano bank
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$10.00
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Large Piggy Bank Vending Cute Ceramic Leopard Panther Brown Black Animal Print
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F A B STARPOINT NEW YORK FLORAL CERAMIC PIGGY BANK PINK WHITE BLACK
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$27.79
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$8.00
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$35.00
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$29.95
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$15.00
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$15.00
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$25.00
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$11.95
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$17.00
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$220.00
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$11.24
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$36.95
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$55.00
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$14.00
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$13.95
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White Ceramic Glazed Piggy Bank with Flowers and Painted Designs
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$44.99
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$59.99
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$21.99
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$0.99
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$17.50
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$9.98
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$20.00
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mr and mrs ceramic stacked piggy bank
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$23.77
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Isabellas Journey Childrens Collection Froggy Bank ceramic
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$17.62
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Bloop Troll Magic Mountain Ceramic Bank 1970s Mint Condition
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$225.00
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$25.00
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$20.00
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Vintage Ceramic Teddy Bear Still Piggy Bank
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$9.99
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Vintage Lot Ceramic SPARE MONEY Bowling Ball Coin Bank + Salt Pepper Shaker Pins
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$14.00
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RED BRIGHT FLOWER HIGHTOP TENNIS SHOE CERAMIC Piggy Bank NEW TAG LARGE 7 INCH
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$12.00
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$9.99
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$19.99
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Batman Ceramic Piggy Bank
batman ceramic piggy bank
$40.00
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Ceramic Elephant Bank Ornate Signed Mildred Gregory
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$49.99
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Vintage Ceramic Rotary Telephone Payphone Bank
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$8.99
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Child to Cherish Ceramic Polka Dot Piggy Bank Light Blue
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$20.00
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Golfer Golf Ball Piggy Coin Bank Change Holder Funny Unique Gifts Ceramic Decor
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$19.99
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Piggy Bank shoe fund  light blue ceramic coin bank
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$13.19
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$8.50
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Vintage Teddy Bear With Bow Ceramic Coin Bank
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$6.99
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HELLO KITTY CERAMIC BANK SITTING WITH PINK OUTFIT  BOW ON EAR SEE DESCRIPTION
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$15.00
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I Love Lucy LUCILLE BALL Ceramic Coin Bank Figurine 1996 Vander
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$26.00
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Born to Shop Square Ceramic Bank Paper Island Ltd Creative Tops
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$8.99
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WHIMSICAL CROSS EYED Ceramic COW COIN BANK
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$34.99
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VINTAGE FOLK ART Ceramic CAT COIN BANK RED HEARTS
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$29.99
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THE PROVINCE OF PENNSYLVANIA LIBERTY BELL STILL BANK
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$4.00
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VINTAGE PAIR OF AFRICAN NATIVE GIRL CERAMIC NODDER HEAD BANKS MADE IN JAPAN
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$57.00
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Adorable Handmade Ceramic Cow Bank Pink Ears and Mouth Signed by Artist
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$16.09
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NEW RUSS BERRIEI believe Blue Block Bankpiggy Bank For Baby Newborn Boy
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$5.00
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Owl Bank Sculpted Surface Flower Eyes Fleur D Lis Brown Ceramic
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$8.95
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REDUCED Vintage Collectible White Ceramic DOUBLE FROGGY COIN BANK Momma
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$8.98
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PTC Ceramic Airplane Pig Savings Piggy Coin Money Bank 65 L
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$34.25
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Antique Texas AM US Marine Corps Olde Sarge Ceramic Piggy Bank Made in Japan
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$34.99
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Europe Style Rural Pastorale Ceramic Animal Piggy Bank Decoration Gift Set
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$87.42
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New Morden Style Ceramic Decor Owl Model Piggy Bank Home Decoration Gift Set
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$103.46
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Child to Cherish Ceramic Polka Dot Piggy Bank Sage Green
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$23.82
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Vintage Mid Century Ceramic Chinese Lucky Cat Piggy Bank Feng Shui 12
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$65.00
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Europe Style Rural Pastorale Ceramic Mini Sheep Piggy Bank Decoration Gift Set
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$55.34
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Ceramic FOX Shaped Piggy Bank Coin Money Holder New FAB
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$24.99
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Adorable Baby Pig Coin Bank Piglet w Pacifier Large 9H Ceramic NEW
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$21.99
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1983 Chuck E Cheese Ceramic Bank Triangle Cheese RARE Pizza Time Theater Mouse
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$29.99
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Vintage Aged Marked Lucky Penny Piggy Bank Pink Piglets Gold Trim and Pennies
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$49.95
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THREE STAR WARS COLLECTIBLES CERAMIC BANK STICKER ACTIVITY FUN DAGOBAH
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$24.00
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Morden Style Ceramic Creative Owl Shape Piggy Bank Home Decoration Gift Set
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GANZ PGI BANKS OF CALIFORNIA BLUE RIBBON PIG CERAMIC BANK SIGNED PATI
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D152 Xmas Festival Decoration Ornament Ceramic Apple Piggy Bank Party Gift W
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Burton  Burton 8 x 65 Ceramic Camouflage Monster Truck Money Bank
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NEW BANK By Clayworks Blue Sky Princess Crown Ceramic Keepsake Gift Boxed
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Bank Ceramic

See More About:    Ceramic Piggy        Ceramic Pig        
Ingleton Pottery My folks show how to make a clay pottery ceramic piggy bank on the wheel

China Ceramics Announces Fourth Quarter and Full Year 2012 Financial Results.

JINJIANG, Fujian Province, China, April 24, 2013 /PRNewswire/ --
China Ceramics Co., Ltd. (NASDAQ Global Market: CCCL)("China
Ceramics" or the "Company"), a leading Chinese
manufacturer of ceramic tiles used for exterior siding and for interior
flooring and design in residential and commercial buildings, today
announced financial results for the fourth quarter and for the full year
ended December 31, 2012.

Fourth Quarter 2012 Summary

* Revenue was RMB 245.3 million (US$ 40.0 million), down 39.3% from
the fourth quarter of 2011;

* Gross profit was RMB 29.3 million (US$ 4.9 million), down 79.0%
from the fourth quarter of 2011;

* Gross profit margin was 12.0%, down 22.5% from the fourth quarter
of 2011;

* Net profit was RMB 13.3 million (US$ 2.3 million), down 85.6% from
the fourth quarter of 2011;

* On a quarter-to-quarter sequential basis, revenue was down 36.5%,
gross profit was down 73.4% and net profit was down 81.8%.

* Non-GAAP net profit, which excludes the current quarter's
share-based compensation expenses, was RMB 14.6 million (US$ 2.5
million), down 85.0% from RMB 97.5 million (US$ 15.3 million) in the
fourth quarter of 2011;

* Earnings per fully diluted share were RMB 0.65 (US$ 0.11).

Full Year 2012 Summary

* Revenue was RMB 1,444.9 million (US$ 230.7 million), down 3.1% as
compared to full year 2011;

* Gross profit was RMB 381.0 million (US$ 60.8 million), down 18.5%
as compared to full year 2011;

* Gross profit margin was 26.4%, down 4.9% as compared to full year
2011;

* Net profit was RMB 243.8 million (US$ 38.9 million), down 17.2% as
compared to full year 2011;

* Non-GAAP net profit, which excludes the current quarter's
share-based compensation expenses, was RMB 249.5 million (US$ 39.8
million), down 20.0% from RMB 311.7 million (US$ 48.4 million) as
compared to full year 2011;

* Earnings per fully diluted share were RMB 11.93 (US$ 1.91).

"We recorded disappointing financial results for the fourth
quarter of the year due to continued challenging market conditions in
China's real estate and construction markets. These conditions
resulted in significant decrease in the sales volume of our ceramic tile
products for the quarter. We also experienced a decline in our average
selling price in the quarter due to intensified price competition in our
sector that caused us to reduce the price of our products to retain
market share," said Mr. Jiadong Huang, CEO of China Ceramics.

"Despite the quarter's results, we believe that the
operating fundamentals of our business are sound. In order to adjust to
current market conditions and reduce operating costs, we shut down some
plant capacity during the fourth quarter. We are currently utilizing
production facilities capable of producing 46 million square meters per
year out of a total annual productive capacity of 72 million square
meters. We will continue to monitor the macroeconomic environment and
act prudently in terms of utilizing our full production capacity. We are
cautiously optimistic about an increase in demand and a rebound in
pricing beginning in the second quarter of 2013 that would enable us to
increase the utilization of our new and modern production
capabilities."

"We will continue to enhance our ceramic tile product offerings
and competitive profile in order to reach more customers in China and
abroad. We continue to be strategically positioned as a producer of
high-end ceramic tiles that are becoming standard in many new
construction and development projects. We are confident that our modern
technologies and cost efficiencies will enable us to adapt to the
operating pressures of today's challenging market environment and
successfully execute upon our long-term strategy, which is to be a
market leader in producing specialized building materials
products," Mr. Huang continued.

"The urbanization and demographic trends in China are a
long-term phenomenon that will lead to future demand for our products as
current real estate fluctuations moderate over time. Even as we adopt
measures in the short-term to enable us to reach our customers more
effectively, we are confident that the branding and market positioning
that enabled us to become a premier ceramic tile producer will generate
sound financial metrics once the building materials sector returns to
more normalized conditions," CEO Jiadong Huang concluded.

Fourth Quarter 2012 Results

Revenue for the fourth quarter ended December 31, 2012 was RMB 245.3
million (US$ 40.0 million), down 39.3% from RMB 404.5 million (US$ 63.8
million) for the fourth quarter ended December 31, 2011. The
year-over-year decrease in revenue was primarily driven by a 29.8%
decrease in the sales volume of ceramic tiles to 8.7 million square
meters in the fourth quarter of 2012 from 12.4 million square meters in
the fourth quarter of 2011. The decrease in revenue was also driven by a
13.8% decrease in the Company's average selling price, which
decreased in the fourth quarter of 2012 to RMB 28.2 per square meter
compared to RMB 32.7 per square meter in the comparable quarter of 2011.
The Company attributes its reduced sales volume to the continued
challenging business conditions in China's real estate sector.
Beginning in December 2012, the Company reduced the selling price of its
ceramic tile products to be competitive in the market and maintain its
market share. The Company believes that the decrease in the pricing of
its ceramic tile products is temporary and that product pricing will
revert to normal levels once business conditions improve.

Gross profit for the fourth quarter ended December 31, 2012 was RMB
29.3 million (US$ 4.9 million), down 79.0% from RMB 139.4 million (US$
21.9 million) for the fourth quarter ended December 31, 2011. The
year-over-year decrease in gross profit was attributable to lower sales
volume and the decrease in the average selling price of the
Company's ceramic tiles in the quarter. Gross profit margin was
12.0% for the fourth quarter ended December 31, 2012 compared to 34.5%
for the same period in 2011. The year-over-year decrease in gross profit
margin for the fourth quarter was caused by a decrease in the average
selling price of ceramic tiles in the quarter.

Administrative expenses for the fourth quarter ended December 31,
2012 were RMB 6.6 million (US$ 1.1 million), down 45.9% from RMB 12.2
million (US$ 1.9 million) in the fourth quarter of 2011. The
year-over-year decrease in administrative expenses was primarily due to
a reduction to RMB 1.3 million (US$ 0.2 million) of non-cash share-based
compensation expenses related to the 2010 Incentive Compensation Plan.
The comparable non-cash share-based expenses were RMB 5.4 million (US$
0.8 million) in the same period in 2011. It is expected that additional
non-cash share-based compensation expenses of approximately RMB 2.4
million (US$ 0.4 million) will be incurred between January 2013 to
January 2014.

Profit from operations before taxation for the fourth quarter ended
December 31, 2012 was RMB 18.6 million (US$ 3.2 million), down 85.2%
from RMB 125.4 million (US$ 19.7 million) in the fourth quarter of 2011.
The year-over-year decrease in profit from operations was primarily the
result of lower gross profit in the fourth quarter of 2012.

Net profit for the fourth quarter ended December 31, 2012 was RMB
13.3 million (US$ 2.3 million), down 85.6% from RMB 92.2 million (US$
14.5 million) in the comparable period of 2011. The year-over-year
decrease in net profit was primarily the result of lower gross profit in
the fourth quarter of 2012.

Earnings per fully diluted share were RMB 0.65 (US$ 0.11) for the
fourth quarter ended December 31, 2012, down 85.6% from RMB 4.51 (US$
0.71) over the same period in 2011. Earnings per fully diluted share in
the fourth quarter of 2012 and 2011 were computed using 20.4 million
shares.

Non-GAAP profit before taxation, whichexcludes share-based
compensation expenses, was RMB 19.9 million (US$ 3.4 million) in the
fourth quarter ended December 31, 2012, down 84.8% from RMB 130.8
million (US$ 20.6 million) in 2011.

Non-GAAP net profit, which excludes share-based compensation
expenses, was RMB 14.6 million (US$ 2.5 million) in the fourth quarter
ended December 31, 2012, a decrease of 85.0% from RMB 97.5 million (US$
15.3 million) in the fourth quarter of 2011.

Non-GAAP earnings per fully diluted share, which excludes
share-based compensation expenses, was RMB 0.71 (US$ 0.12) in the fourth
quarter ended December 31, 2012, down 85.1% from RMB 4.77 (US$ 0.75) in
the same period of 2011.

Full Year 2012 Results

Revenue for the year ended December 31, 2012 decreased by 3.1% to
RMB 1,444.9 million (US$ 230.7 million) compared to the year ended
December 31, 2011. Gross profit was RMB 381.0 million (US$ 60.8
million), down 18.5% from RMB 467.2 million (US$ 72.5 million) in the
year ended December 31, 2011. Gross margin was 26.4% compared to 31.3%
in the same period of 2011. Selling expenses were RMB 11.4 million (US$
1.8 million), compared to RMB 11.8 million (US$ 1.8 million) in the same
period of 2011. Administrative expenses were RMB 30.0 million (US$ 4.8
million), compared to RMB 46.1 million (US$ 7.1 million) for the same
period of 2011. Net profit for the year ended December 31, 2012 was RMB
243.8 million (US$ 38.9 million), down 17.2% from the same period of
2011. Non-GAAP net profit, which excludes share-based compensation
expenses, was RMB 249.5 million (US$ 39.8 million) for the year ended
December 31, 2012, a decrease of 20.0% from RMB 311.7 million (US$ 48.4
million) in the same period of 2011. Earnings per fully diluted share
were RMB 11.93 (US$ 1.91) for the year ended December 31, 2012 and RMB
12.21 (US$ 1.95) on a non-GAAP basis, down from RMB 14.41 (US$ 2.24) and
RMB 15.26 (US$ 2.37) on a non-GAAP basis in the same period of 2011.
Earnings per fully diluted share for the year 2012 and 2011 were
computed using 20.4 million shares.

Fourth Quarter 2012 Statements of Selected Financial Position Items

* Cash and bank balances were RMB 89.4 million (US$ 14.4 million) as
of December 31, 2012, compared with RMB 42.1 million (US$ 6.7 million)
as of December 31, 2011. The increase in cash and bank balances was the
result of sustained profits and reduced capital expenditures during the
year ended December 31, 2012.

* Inventory turnover was 101 days as of December 31, 2012 compared
with 84 days as of December 31, 2011. The increase in inventory turnover
reflects the decrease in sales volume of ceramic titles, which resulted
in slower moving of finished goods at year-end 2012.

* Trade receivables turnover was 117 days as of December 31, 2012
compared with 93 days as of December 31, 2011. The Company's trade
receivables include a 17% value-added-tax ("VAT"), whereas
reported revenue is net of VAT. Trade receivables turnover excluding VAT
amounts was 100 days as of December 31, 2012 compared with 79 days as of
December 31, 2011. The increase in average turnover days was mainly due
to the Company having extended the credit period for certain customers
to address funding pressures of those customers in the quarter ended
December 31, 2012.

* Trade payables turnover was 64 days as of December 31, 2012
compared with 77 days as of December 31, 2011. The average turnover days
were within the Company's normal credit period.

Liquidity and Capital Resources

Cash flow used in operating activities was RMB 33.2 million (US$ 5.2
million) for the quarter ended December 31, 2012, compared to RMB 67.3
million (US$ 10.5 million) of cash flow generated from operating
activities in the same period in 2011. The year-over-year decrease of
RMB 100.5 million (US$ 15.7 million) was mainly due to the decrease in
revenue in this quarter and the extended credit period for certain
customers at year-end 2012.

Cash flow generated from investing activities in the quarter ended
December 31, 2012 was RMB 0.07 million (US$ 0.01 million) due to
interest received, compared to RMB 63.7 million (US$ 10.3 million) of
cash flow used in investing activities in the same period of 2011, due
to acquisition of property, plant and equipment.

Cash flow used in financing activities was nil for the quarter ended
December 31, 2012, as compared to RMB 10.0 million (US$ 1.5 million)
used in financing activities for the same period of 2011, due to the
repayment of bank borrowings.

Plant Capacity and Capital Expenditures Update

Given the continued challenging economic climate for real estate
development and construction in China, the Company is currently
utilizing plant facilities capable of producing 46 million square meters
of ceramic tiles annually out of an annual production capacity out of 72
million square meters which is available to the Company. This represents
a reduction in plant capacity from that utilized in the third quarter of
2012 capable of producing 56 million square meters of ceramic tiles
annually. Our Hengda facility has an annual production capacity of 42
million square meters of ceramic tiles and we utilized capacity capable
of producing 34 million square meters of ceramic tiles annually in the
fourth quarter of 2012. Our Hengdali facility has an annual productive
capacity of 30 million square meters and we utilized capacity capable of
producing 12 million square meters of ceramic tiles annually in the
fourth quarter of 2012.

Management reviews the levels of capital expenditures throughout the
year and makes adjustments to its capital expenditures subject to market
conditions. The Company had no capital expenditures in the first and
second quarters of 2012, and used $3 million in the third quarter for
the replacement of old equipment at its Hengda facility. The company had
no capital expenditures in the fourth quarter of 2012.

Business Outlook

As a result of the slowdown in China's construction and real
estate sectors, in the fourth quarter of 2012, the Company experienced a
contraction in both its sales volume and average selling price related
to both the comparable year-ago quarter and sequentially from the third
quarter of 2012. The Company's sales volume (the amount of square
meters of ceramic tile sold) decreased 29.8% in the fourth quarter
relative to the comparable year-ago quarter and 28.7% from the third
quarter of 2012. In addition, the average selling price of the
Company's ceramic tiles decreased 13.7% in the fourth quarter
relative to the comparable year-ago quarter and 2.5% from the third
quarter of 2012. In the third quarter of 2012, the Company was able to
largely offset a decline in its sales volume through an improved average
selling price due to its customers' migration to higher margin
ceramic tiles. However, due to the sluggish construction sector and
intensified competition, the Company enacted a temporary strategy to
reduce the average selling price of its ceramic tile products in the
fourth quarter in order to hold its market position.

The Company was strategic in terms of determining those products for
which it temporarily reduced prices in order to avoid a widespread
predatory pricing environment or an erosion of its name brand. We
believe that we needed to counter the actions of ceramic tile producers
who did not previously compete with us but recently entered portions of
our market with prices that were lower than normal. We decided to
compete with these competitors head-on in order to retain our customers
and market share.

Subsequent to the price cuts that the Company enacted in the fourth
quarter, we experienced an increase in our average selling price in
February and March from the lows that occurred in the December to
January time frame, where we reduced our average selling price in order
to meet competitors' sharp discounting and retain market share.
Further, recent data from April shows a return to a lesser discount
price environment which was in place prior to December of 2012.

As is widely known, China's real estate sector has been under
pressure due to speculative activities and government policies that
restricted construction with the intention to rein in rising prices.
However, the Company sees some positive developments in recent reports
that the government is urging local planning authorities to free up land
supplies for housing development. It is possible that the government
report due out in late April could outline a formal plan that would free
up land supplies for housing which would spur real estate development
and construction. Further, reports indicate that real estate developers
have improved their liquidity as funding channels have reopened. These
factors could support the beginning of new construction activity that
would bode well for China's building materials sector and induce a
change in the current market environment.

The Company's backlog of orders for delivery in the first
quarter of 2013 is approximately RMB 141.9 million (US$ 22.8 million),
which would represent a year-over-year decrease in revenue for the first
quarter of 2013 as compared to revenues recorded in the first quarter of
2012. This negative year-over-year comparison represents a change from
previous quarters which had generally shown strong positive
year-over-year comparisons. Under normal circumstances, the
Company's backlog is an indicator of business in the next quarter,
though it is subject to change as a result of unforeseen business
conditions and events. The Company estimates that its sales volume of
ceramic tiles in the first quarter of 2013 will be approximately 6.1
million square meters.

As indicated previously, the Company believes that this reduction
has to do with a general slowdown in the real estate and construction
sectors in China as customers are deferring orders and/or are waiting to
start new projects. Further, some of the Company's customers may be
delaying projects to see if the government adopts new policies to aid
the construction industry. In terms of the construction sector's
long-term fundamentals, continued urbanization and demographic trends
favor the building of new residential properties in China, and
government support for an increase in both affordable and senior housing
should also generate opportunities for real estate development
companies.

Given the slowdown in domestic demand, the Company believes that it
is unlikely that it will bring the unused 26 million square meters of
annual productive capacity online at its two facilities until
macroeconomic conditions improve. The Company's utilization of its
online productive capacity for its two facilities was 68.3% in the
fourth quarter of 2012, a decrease from 86.6% in the third quarter of
2012.

To retain its competitive edge, the Company will maintain its
currently wide range of product offerings and continue to augment it
with new products from its research and development program which has
the potential to result in products that realize higher margins. The
Company believes that a core competitive advantage is its ability to
innovate and introduce new products into the product mix for
customers.

Dividends

The Company announced that it will pay a semi-annual cash dividend
of $0.10 per share. The first two cash dividends will be payable on July
13, 2013 and January 14, 2014, with record dates of June 13, 2013 and
December 13, 2013, respectively.

Conference Call Information

The Company will host a conference call at 8:00 am ET on Wednesday,
April 24, 2013. Listeners may access the call by dialing +1 (866)
395-5819 five to ten minutes prior to the scheduled conference call
time. International callers should dial +1 (706) 643-6986. The
conference participant pass code is 51415868. A replay of the conference
call will be available for 14 days starting from 11:00 pm ET on April
24, 2013. To access the replay, dial +1 (855) 859-2056. International
callers should dial +1 (404) 537-3406. The pass code is 51415868 for the
replay.

About China Ceramics Co., Ltd

China Ceramics Co., Ltd. is a leading manufacturer of ceramic tiles
in China. The Company's ceramic tiles are used for exterior siding,
interior flooring, and design in residential and commercial buildings.
China Ceramics' products, sold under the "Hengda" or
"HD", "Hengdeli" or "HDL", the
"TOERTO" and "WULIQIAO" brands, and the
"Pottery Capital of Tang Dynasty" brands, are available in
over 2,000 style, color and size combinations and are distributed
through a network of exclusive distributors as well as directly to large
property developers. For more information, please visit

http://www.cceramics.com.

Currency Convenience Translation

The Company's financial information is stated in Renminbi
("RMB"). The translation of RMB amounts into United States
dollars in the earning release is included solely for the convenience of
readers. For statements of financial position data, translation of RMB
into U.S. dollars has been made using historic spot exchange rates
published by www.federalreserve.gov. For statements of comprehensive
income data and statements of cash flows data, translation of RMB into
U.S. dollars has been made using the average of historical daily
exchange rates. Such translations should not be construed as
representations that RMB amounts could be converted into U.S. dollars at
that rate or any other rate, or to be the amounts that would have been
reported under IFRS.

Safe Harbor Statement

Certain of the statements made in this press release are
"forward-looking statements" within the meaning and
protections of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements include statements with respect to our
beliefs, plans, objectives, goals, expectations, anticipations,
assumptions, estimates, intentions, and future performance, and involve
known and unknown risks, uncertainties and other factors, which may be
beyond our control, and which may cause the actual results, performance,
capital, ownership or achievements of the Company to be materially
different from future results, performance or achievements expressed or
implied by such forward-looking statements. All statements other than
statements of historical fact are statements that could be
forward-looking statements. You can identify these forward-looking
statements through our use of words such as "may,"
"will," "anticipate," "assume,"
"should," "indicate," "would,"
"believe," "contemplate," "expect,"
"estimate," "continue," "plan,"
"point to," "project," "could,"
"intend," "target" and other similar words and
expressions of the future.

All written or oral forward-looking statements attributable to us
are expressly qualified in their entirety by this cautionary notice,
including, without limitation, those risks and uncertainties described
in our annual report on Form 20-F for the year ended December 31, 2012
and otherwise in our SEC reports and filings, including the final
prospectus for our offering. Such reports are available upon request
from the Company, or from the Securities and Exchange Commission,
including through the SEC's Internet website at http://www.sec.gov.
We have no obligation and do not undertake to update, revise or correct
any of the forward-looking statements after the date hereof, or after
the respective dates on which any such statements otherwise are made.

FINANCIAL TABLES FOLLOW

Source: China Ceramics Co., Ltd.

About Non-GAAP Financial Measures

In addition to China Ceramics' condensed consolidation
financial results under International Financial Reporting Standards
("IFRS"), the Company also provides Non-IFRS financial
measures (referred to as Non-GAAP financial measures) for the fourth
quarter of 2012, including Non-GAAP profit before taxation, Non-GAAP net
income and Non-GAAP earnings per fully diluted shares, all of which
exclude the share-based compensation expenses from their comparable IFRS
measure. The Company believes that these Non-GAAP financial measures
provide investors with another method for assessing China Ceramics'
operating results in a manner that is focused on the performance of its
ongoing operations and excludes share-based compensation expenses
incurred for the stock option program. Readers are cautioned not to view
Non-GAAP results on a stand-alone basis or as a substitute for results
under GAAP, or as being comparable to results reported or forecasted by
other companies, and should refer to the reconciliation of GAAP results
with Non-GAAP results below. The Company believes that both management
and investors benefit from referring to these Non-GAAP financial
measures in assessing the performance of China Ceramics and when
planning and forecasting future periods. The accompanying tables have
more details on the GAAP financial measures that are most directly
comparable to Non-GAAP financial measures and the related reconciliation
between these financial measures.

Source: China Ceramics Co., Ltd.

SOURCE China Ceramics Co., Ltd.

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