Yuhe International Balance Sheet

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
Cash & Equivalents	42.05	34.54	14.05	13.41	1.05
Cash & Short-Term Investments	42.05	34.54	14.05	13.41	1.05
Cash Growth	167.62%	145.90%	4.73%	1177.15%	-
Receivables	-	-	0	0	-
Inventory	17.59	13	6.56	6.64	-
Other Current Assets	0.63	0.33	0.36	4.47	-
Total Current Assets	60.27	47.88	20.99	24.53	1.05
Property, Plant & Equipment	37.54	34.59	29.56	27.11	-
Long-Term Investments	-	-	0.3	0.3	-
Other Intangible Assets	1.73	1.73	2.85	2.91	-
Long-Term Accounts Receivable	0.27	0.26	0.38	-	-
Other Long-Term Assets	43.13	46.68	22.66	6.59	1
Total Assets	143	131.19	76.76	61.52	2.05
Accounts Payable	9.13	5.76	5.74	4.61	-
Accrued Expenses	4.25	3.01	2.44	2.19	0
Short-Term Debt	12.07	11.99	0.29	0.5	0
Current Portion of Long-Term Debt	-	-	9.43	1.36	-
Current Income Taxes Payable	0.16	0.16	0.15	0.14	-
Current Unearned Revenue	1.26	1.38	0.68	0.67	-
Other Current Liabilities	1.17	1.13	1.42	1.01	-
Total Current Liabilities	28.04	23.42	20.15	10.49	0
Long-Term Debt	-	-	1.36	9.41	-
Total Liabilities	28.04	23.42	21.51	19.9	0
Common Stock	0.02	0.02	0.02	0.02	0.01
Additional Paid-In Capital	115.43	115.02	30.67	29.94	2.04
Retained Earnings	-4.95	-11.02	23.32	10.52	-0
Comprehensive Income & Other	4.46	3.75	1.25	1.14	-
Shareholders' Equity	114.96	107.77	55.25	41.62	2.05
Total Liabilities & Equity	143	131.19	76.76	61.52	2.05
Total Debt	12.07	11.99	11.09	11.27	0
Net Cash (Debt)	29.98	22.55	2.96	2.14	1.05
Net Cash Growth	548.65%	661.88%	38.12%	104.46%	-
Net Cash Per Share	1.68	1.35	0.19	0.15	0.12
Filing Date Shares Outstanding	20.25	20.25	15.72	15.72	8.63
Total Common Shares Outstanding	20.25	20.25	15.72	15.72	8.63
Working Capital	32.24	24.46	0.83	14.04	1.05
Book Value Per Share	5.68	5.32	3.51	2.65	0.24
Tangible Book Value	113.23	106.04	52.4	38.71	2.05
Tangible Book Value Per Share	5.59	5.24	3.33	2.46	0.24
Buildings	33.91	28.05	19.07	14.95	-
Machinery	8.83	8.33	6.23	5.27	-
Construction In Progress	1.92	4.5	7.97	8.57	-

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