Ossen Innovation Co., Ltd. announced consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the year, the company reported revenue was $117,029,154 against $117,908,416 a year ago. This decrease in revenue was primarily due to decreases in sales from zinc coated products and plain surface PC strands and other products and partially offset by increased sales from rare earth coated products. Income from operations was $8,986,084 against $10,245,631 a year ago. Income before income tax was $6,249,530 against $7,793,573 a year ago. Net income attributable to the company and subsidiaries was $4,823,973 against $5,896,804 a year ago. Basic and diluted EPS was $0.24 against $0.30 a year ago. Net cash provided by operating activities was $15,528,845 compared to $12,441,861 a year ago. This increase in cash provided by operating activities was the result of a $1.3 million decrease in inventories due to higher consumption of raw materials at the end of 2016, a $9.0 million decrease in advance to suppliers due to less prepayments for raw materials of plain surface and zinc coated products, partially offset by a $1.3 million decrease in net income due to higher operating expenses and a $7.3 million increase in notes receivable because customers used less cash for payment. Purchase of plant and equipment was $17,537 against $29,687 a year ago.