China Yingxia International, Inc. Reports First Quarter 20...(31630 1295 Taxes payable ...),Health

Taxes payable 127,845 34,857

Accrued expenses and other payables (54,636) (2,423)

Cash provided by (used in) operating activities (242,491) 857,492

Cash Flow from Investing Activities:

Purchase of property and equipment (28,151) (1,811)

Purchase of patent/land use right -- (98,579)

Investment advance (622,109) --

Collection of short term loan 2,194,774 --

Deposits on buildings and land (1,308,119) --

Collections on loans to related party 1,381,894 265,046

Additions to construction in process (109,714) (280,360)

Cash used in investing activities 1,508,575 (115,704)

Cash Flows from Financing Activities:

Net proceeds from issuance of common stock

Payment of notes payable -- --

Cash provided by (used in) financing activities -- --

Effect of exchange rate changes on cash and cash

equivalents 833,017 136,016

Increase in cash and cash equivalents 2,099,101 877,804

Cash and Cash Equivalents- Beginning of period 736,683 77,867

Cash and Cash Equivalents- End of period $2,835,784 $955,671

Supplemental disclosures of cash flow

information:

1. Interest paid -- --

2. Income taxes paid -- --

For more information, please contact:

Company Contact:

Ms. Yingxia, Jiao

Chief Executive Officer

China Yingxia International, Inc.

Tel:
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