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

March 31,

2008 44,480 44,440

Additional paid in capital 16,841,627 16,799,667

Accumulated other comprehensive income 4,369,093 2,885,038

Statutory reserves 901,463 901,463

Retained earnings 16,861,132 16,148,762

Total Stockholders' equity 39,017,795 39,017,795

Total Liabilities and Stockholders' Equity $39,601,990 $39,385,191

CHINA YINGXIA INTERNATIONAL, INC.

CONSOLIDATED STATEMENTS OF CASH FLOW

FOR THE THREE MONTHS ENDED MARCH 31, 2008 AND 2007

(Stated in US Dollars)

Three Months Ended, March 31,

2008 2007

Cash Flows from operating Activities:

Net income $712,370 $551,139

Adjustments to reconcile net income to net cash

provided by (used in) operating activities:

Depreciation and amortization 238,439 166,442

--

Changes in operating assets and liabilities:

Accounts receivable 77,416 (151)

Inventory (3,153,245) (178,050)

Tax receivable 32,317 --

Prepaid expenses -- 95,479

Other receivable 1,905,324 (302,131)

Advances to suppliers (271,911) (166,483)

Accounts payable 111,960 657,518

Unearned revenue
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SOURCE China Yingxia International, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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