China Sun Group High-Tech Co. announced unaudited consolidated earnings results for the third quarter and nine months ended February 29, 2012. For the quarter, the company reported net revenues of $11,268,804 against $13,359,930 a year ago. Income from operations was $3,297,958 against $3,666,837 a year ago. The decrease was due to the decrease in gross profit in the company's PRC subsidiaries. Income before income taxes was $3,318,508 against $3,681,368 a year ago. Net income was $2,448,743 or $0.04 per basic and diluted share against $2,659,680 or $0.05 per basic and diluted share a year ago. 100% of the net revenue decrease was attributed to a decrease in sales of older product cobaltosic oxide. Sales of cobaltosic oxide totaled 235 tons and $6.8 million, a decrease of 69 tons and $2.7 million, or 23% in quantity and 28% in dollar value, from 304 tons and $9.5 million for the comparable period in 2011. Sales of LIP totaled 230 tons and $4.4 million, an increase of 25 tons and $0.6 million, or 12% in quantity or 16% in dollar value, from 205 tons and $3.8 million for the comparable period in 2011. For the nine months, the company reported net revenues of $33,471,067 against $37,753,217 a year ago. Income from operations was $9,746,839 against $8,727,418 a year ago. Income before income taxes was $9,800,950 against $8,810,231 a year ago. Net income was $7,265,641 or $0.13 per basic and diluted share against $6,030,414 or $0.11 per basic and diluted share a year ago. Net cash provided by operating activities was $7,997,816 against $6,616,317 a year ago. Purchase of plant and equipment was $2,750,564 against $52,513 a year ago.