Shiner International, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2012. For the quarter, the company reported net revenue of $16,706,608 against $18,611,849 for the same period last year. The decrease in revenue was primarily attributable to decreased revenues from coated film, color printing, advanced film and water-based latex, which was partially offset by increase in revenues generated from BOPP tobacco. Loss from operations was $3,177,110 against income from operations of $329,175 for the same period last year. Loss before income tax was $3,557,285 against income before income tax of $602,933 for the same period last year. Net loss attributed to the company was $3,531,297 or $0.13 per diluted share against net income attributed to the company of $383,066 or $0.01 per diluted share for the same period last year.

For the nine months, the company reported net revenue of $50,478,117 against $52,385,921 for the same period last year. Loss from operations was $4,783,636 against income from operations of $2,838,749 for the same period last year. Loss before income tax was $5,573,401 against income before income tax of $2,839,237 for the same period last year. Net loss attributed to the company was $5,500,107 or $0.20 per diluted share against net income attributed to the company of $2,187,441 or $0.08 for the same period last year. Net cash used in operating activities was $1,210,590 against net cash provided by operating activities of $21,869 for the same period last year. Payments for property and equipment were $2,138,400 against $9,034,984 for the same period last year.