China Keli Announces Q1 2013 Results: 17.8% Growth in Revenue and 2.2% Increase in Gross Profit

China Keli Electric Co., Ltd. (TSX VENTURE:ZKL) ("Keli" or the "Company") today
announced the financial and operating results for the three months ended July
31, 2012.


For the three months ended July 31, 2012 ("Q1 2013"), total revenue was
$4,776,872, an increase of 17.8 over Q1 2012 ($4,054,351). Gross profit in Q1
2013 was $1,680,638, an increase of 2.2% over Q1 2012 ($1,644,802). Although the
Company increased its investment in marketing activities in Q1 2013, the Company
carefully managed its general and administration expenses, which resulted in a
slight increase of operating expense from Q1 2012 ($1,194,949 in Q1 2013
compared to $1,170,220 in Q1 2012). As a result, the Company's net profit was
$289,446 in Q1 2013 compared to $380,872 in Q1 2012. Basic and diluted earnings
per share ("EPS") were $0.003 compared with $0.004 in Q1 2012. The decreased net
profit and EPS were due primarily to increased finance cost. EBITDA was $582,203
in Q1 2013, an increase of 4.0% over Q1 2012 ($559,797). After accounting for an
unrealized foreign exchange translation gain of $66,169, the Company reported
total comprehensive income of $355,615 in Q1 2013, compared with a total
comprehensive income of $604,568 in Q1 2012. The Company's unrealized foreign
exchange income on translation of the Group'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.


"As we indicated in the last quarter, we expected Keli revenues to increase in
spite of a global economic slow-down, and indeed we were able to deliver
increased revenue," said Lou Meng Cheong, Keli's CEO. "Gross profit improved
slightly, but net profit and EPS decreased modestly primarily because we chose
to increase our sales and marketing efforts both to the Grid companies and for
our installation services. We believe this small investment will pay-off in
better performance in FY2013."


As of July 31, 2012, the Company had total cash and cash equivalents of
$2,106,254 compared with $1,486,664 as of April 30, 2012. Accounts receivable
were $11,310,286 as at July 31, 2012, an increase of $700,846 compared with
$10,609,440 as at April 30, 2012. The Company's working capital was $8,745,436
as at July 31, 2012, an increase from $8,535,065 as at April 30, 2012.


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 financial results of the Company for the three months ended July 31, 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.


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.