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China Yingxia International, Inc. Reports First Quarter 2008 Results
Date:5/15/2008

HARBIN, China, May 15 /Xinhua-PRNewswire-FirstCall/ -- China Yingxia International, Inc. (OTC Bulletin Board: CYXI) ("China Yingxia" or "the Company"), a leading provider in the nutraceutical industry engaged in the development, manufacture and distribution of organic nutritional food products, supplements, and personal care products in the People's Republic of China ("PRC"), today reported its financial results for the first quarter ended March 31, 2008.

First Quarter 2008 Highlights

-- Net revenues increased 27.38% year-over-year to $2.1 million

-- Gross profit increased 48.34% year-over-year to $1.29 million

-- Gross margin improved to 60.95% from 52.34% for the same period last

year

-- Net income was $0.7 million, or $0.01 per diluted share, up 29.25%

from same period last year

Recent Highlights

-- Established new subsidiary in India, Q1 2008

-- Acquired Chichi Wang companies, April 2008

First Quarter Fiscal Year 2008 Results

Revenue for the three months ended March 31, 2008, was $2.1 million, an increase of 27.38% from $1.6 million for the same period in 2007. The increase in revenue was a direct result of increasing the number of franchisee owned retail outlets, especially at the county level, and the introduction of new products in its nutritional foods line. The Company added 43 county level franchisees during the first quarter of 2008. The new franchisees contributed approximately $180,112 to first quarter revenues. In addition, revenue generated from the four products introduced in its nutritional foods line such as herbal black fungus soup and crackers, fruit jam, soybean oil and honey, contributed 26.83% of revenues in its nutritional foods product line, representing 9.46% of the Company's total revenues.

Gross profit for the first quarter of 2008 totaled $1.29 million, up 48.34% compared with $0.87 million for the same period last year. Gross
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SOURCE China Yingxia International, Inc.
Copyright©2008 PR Newswire.
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