-- Third Quarter Revenues Increase 89% to $3.51 Million versus $1.85
Million for Q3 of 2006 -- Third Quarter Net Income Before Taxes Increased 131% to $1.71 Million,
versus $0.74 Million for Q3 of 2006
NEW YORK, Nov. 21 /Xinhua-PRNewswire-FirstCall/ -- China Yingxia International, Inc. (OTC Bulletin Board: CYXI), 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 China, today announced that Ms. Yingxia Jiao, CEO and Chairwoman of China Yingxia, will host a conference call to discuss the Company's financial results for the third quarter ended September 30, 2007.
Net sales for the third quarter ended September 2007 totaled $3.51 million, an increase of 89% compared to $1.85 million for the third quarter of 2006. Cost of sales for the second quarter of 2007 was $0.90 million, yielding a gross profit of $2.61 million and a gross profit margin of 74%. Compared to the second quarter of 2006 cost of sales totaled $0.91 million and gross profit totaled $0.93 million yielding a gross profit of 50%.
Net income before taxes for the three months ended September 30, 2007 increased 131% to $1.71 million compared to $0.74 million for the three months ended September 30, 2007.
On the balance sheet, total assets for the third quarter of 2007 totaled $36.6 million, with reported total liabilities of $2.4 million.
''We were to pleased with the launch of our soybean product lines during the third quarter,'' stated Ms. Yingxia Jiao, CEO and Chairwoman of China Yingxia. ''We expect the soybean product line and the W3660 breed of rice aimed at diabetics and people suffering from kidney ailments to be our flagstaff products in the future quarters.''
Ms. Yingxia Jiao continued, ''I invite all our current investors and
shareholders in addition to potential in
|SOURCE China Yingxia International, Inc.|
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