China’s LED application company NationStar released its financial report that in 2012, the company achieved total operating revenue of RMB 947.9724m, down by 11.87% compared to the same period last year; net profit attributable to shareholders was RMB 4,043.08, a drop of 66.45% year-over-year; and earnings per share was RMB 0.094, slipping by 66.46%.

The company attributes the undesirable business performance to the following reasons: a. in 2012, overall LED market was stagnant amid the recession of macro-economy; b. interest of bond payable was charged in 2012; c. impairment for long-term equity investment of corporate shareholder Xurui Optoelectronics was charged.