Asia Carbon Industries, Inc. announced audited consolidated earnings results for the year ended December 31, 2012. For the year, the company reported revenues were $45,937,814, a decrease of 6.5% from $49,122,044 for 2011. Net income was $6,453,248, a 12% decline as compared to $7,311,281, reported in 2011.

Basic and diluted earnings per share were at $0.12 compared to $0.14 for 2011. The decrease in net income is primarily attributed to the temporary cessation of production during the transition of manufacturing from dry to wet process, in addition to a decreased unit sales price and increased stock incentive expenses. Income from operations was $9,066,551 against $10,093,969 a year ago.

Income before provision for income tax was $8,900,548 against $9,972,998 a year ago.