Yuhe International Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2010	FY 2009	FY 2008	FY 2007
Period Ending	Mar '11 Mar 31, 2011	Dec '10 Dec 31, 2010	Dec '09 Dec 31, 2009	Dec '08 Dec 31, 2008	Dec '07 Dec 31, 2007
Revenue	82.58	67.48	47.25	34.63	-
Revenue Growth (YoY)	71.73%	42.83%	36.45%	-	-
Cost of Revenue	54.87	43.29	30.5	21.57	-
Gross Profit	27.71	24.19	16.74	13.05	-
Selling, General & Admin	4.98	4.61	3.4	2.15	0.01
Operating Expenses	4.98	4.61	3.4	2.15	0.01
Operating Income	22.73	19.59	13.34	10.9	-0.01
Interest Expense	-0.48	-0.4	-0.61	-0.7	-0
Interest & Investment Income	0.08	0.05	0.02	0.26	-
Other Non Operating Income (Expenses)	0.06	0.01	0	-0.02	0
EBT Excluding Unusual Items	22.38	19.24	12.75	10.44	-0.01
Gain (Loss) on Sale of Assets	0.24	0.24	0.02	0.08	-
Other Unusual Items	-53.81	-53.81	-	-	-
Pretax Income	-31.18	-34.33	12.78	10.52	-0.01
Income Tax Expense	0.01	0.01	-0.02	-	-
Net Income	-31.2	-34.34	12.79	10.52	-0.01
Net Income to Common	-31.2	-34.34	12.79	10.52	-0.01
Net Income Growth	-	-	21.56%	-	-
Shares Outstanding (Basic)	18	17	16	14	9
Shares Outstanding (Diluted)	18	17	16	14	9
Shares Change (YoY)	12.13%	5.58%	9.09%	67.82%	-
EPS (Basic)	-1.75	-2.06	0.81	0.74	-
EPS (Diluted)	-1.75	-2.06	0.81	0.73	-
EPS Growth	-	-	10.96%	-	-
Free Cash Flow	-2.54	-7.89	2.4	-7.22	-0.01
Free Cash Flow Per Share	-0.14	-0.47	0.15	-0.50	-0.00
Gross Margin	33.55%	35.85%	35.44%	37.70%	-
Operating Margin	27.53%	29.02%	28.24%	31.49%	-
Profit Margin	-37.77%	-50.89%	27.08%	30.40%	-
Free Cash Flow Margin	-3.07%	-11.69%	5.08%	-20.86%	-
EBITDA	25.52	22.14	15.45	12.63	-
EBITDA Margin	30.90%	32.82%	32.69%	36.48%	-
D&A For EBITDA	2.79	2.56	2.1	1.73	-
EBIT	22.73	19.59	13.34	10.9	-0.01
EBIT Margin	27.53%	29.02%	28.24%	31.49%	-
Advertising Expenses	-	0.02	0	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.