MLS announced its revenue for 3Q15 was down 8.62% year on year (YoY) to RMB 887 million (US $139.7 million). The company’s net income attributable to shareholders was plunged 79.32% YoY to RMB 17.19 million (US $2.7 million).

Cree shares lost nearly 40% of their value over the past year, as GE and Philips launched more aggressive business strategies on the market.