April 15, 2009

Yanglin Soy Inc. has reported revenues of US$60.5 million for the fourth quarter ended December 31, 2008, compared to US$48.7 million recorded during the third quarter of 2007.

The company engages in the manufacture, distribution, and sale of non-genetically modified soyoil, soy salad oil, and soymeal in the Province of Heilongjiang in China.

Gross profit for the 2008 fourth quarter was US$6.2 million, an increase of 12.7 percent as compared to US$5.5 million for the same period in 2007.

Generally Accepted Accounting Principles (GAAP) net income for the fourth quarter of 2008 totalled US$2.3 million, or US$0.06 per diluted share, compared with US$4.5 million, or US$0.13 per diluted share in the same period of 2007.

For the full year 2008, total revenues increased 61.5 percent to US$250.7 million from US$155.2 million in 2007.

Gross profit in 2008 was US$20.9 million, an increase of 65.3 percent from US$12.6 million a year ago.

GAAP net income grew 39.3 percent to US$14.4 million in 2008, compared with US$10.3 million for 2007, while GAAP earnings per share on a fully diluted basis were $0.38 compared with US$0.07 for 2007.

Chief executive officer Liu Shulin is expecting another year of solid financial results as the company is increasing its soy processing volume.