China’s LED application company NationStar released its annual report that in 2012, the company achieved operating revenue of RMB 948m, a decline of 11.87% compared with the previous year; total profit was RMB 52.519m, down by 64.48%; net profit attributable to shareholders was RMB 37.6m, a drop of 69.93%; and basic EPS was RMB 0.0915.

In 2012, due to that main products dropped in price and capacity expansion failed to catch up with the drop of price, the company’s sales revenue dipped by 11.87% from 2011.