China Yingxia International, Inc. Reports First Quarter 20...(ory ...),Health

Tax Receivable -- 32,317

Short-term Loan Receivable -- 2,194,774

Other receivables 1,245,453 3,150,777

Advances to suppliers 1,705,969 1,434,059

Loan Receivable from related parties 655,657 2,037,551

Total current assets 15,200,644 15,133,377

Property and equipment, net of accumulated

depreciation

of $3,695,884 & 15,953,958 15,515,896

Other assets

Deposits on buildings and land 3,026,196 1,718,077

Investment advances 4,734,740 4,112,631

Intangible assets, net 686,452 666,785

Total other assets 8,447,388 6,497,493

Total Assets $39,601,990 $37,146,766

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable $114,871 $2,911

Unearned revenue 38,139 6,509

Tax payable 127,845 --

Loan payable to related party -- --

Accrued expenses and other payables 303,340 357,976

Total current liabilities 584,195 367,396

Total Liabilities 584,195 367,396

Stockholders' equity

Preferred stock, $0.001 par value, 10,000,000

shares authorized;

0 shares outstanding at March 31, 2008

Common stock, $0.001 par value, 100,000,000

shares authorized;

44,479,787 shares outstanding at
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