The board of directors of Xingye Copper International Group Ltd. informed the shareholders of the company and potential investors that it is expected the group's production and sales volume for the year ended December 31, 2012 will be increased as compared with that for the year of 2011, however, continued global economy downturn has resulted in a drop in the price of the group's copper products. Meanwhile, the company had increased cost for products research and development to boast up products research and development ability. As such, although the group's profit for the year ended December 31, 2012 was relatively higher than that of peers in the industry, the company have experienced a significant decline in profit as compared to that for the year of 2011.