Shiner International, Inc. reported consolidated earnings results for the fourth quarter and full year ended December 31, 2012. The company reported revenues for the fourth quarter decreased $1.35 million or 5.89%, to $21.56 million compared to $22.91 million for the corresponding 2011 period. The decrease 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. Operating loss was $5.40 million compared to $0.81 million for the same quarter ended December 31, 2011. Net loss was $4.98 million compared to $0.55 million in the same period of 2011. Loss per share for the quarter was $0.18 compared to $0.02 per share for the same period of 2011.

For the year, the company reported net revenue of $72,036,187 against $75,294,512 for the same period last year. Loss from operations was $10,183,599 against income from operations of $2,030,978 for the same period last year. Loss before income tax was $10,011,238 against income before income tax of $2,403,661 for the same period last year. Net loss attributed to the company was $9,060,849 or $0.33 per basic and diluted share against net income attributed to the company of $1,742,476 or $0.06 per basic and diluted share for the same period last year. Net cash used in operating activities was $2,559,753 against net cash provided by operating activities of $379,709 a year ago. Payments for property and equipment were $2,592,970 against $9,555,336 a year ago.