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

31,630 1,295

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

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