China’s LED maker Ledman Optoelectronic Co., Ltd. announced its annual report on Feb 26^th that the company had achieved total revenue of RMB 316.2436m, a growth of 19.90% compared with the same period last year; net profit attributable to shareholders was RMB 24.0497m, down by 27.36% from the previous year.

According to Ledman, administration cost has increased because investment project was completed and delivered production in the fourth quarter in 2012. Meanwhile, strained by the current situation of LED industry, the company charged to depreciation reserve of varied assets based on the market price and accounting standard, thus business performance in 2012 was less desirable compared to the year before.