China Yingxia International to expand into India

China Yingxia International has reported an increase in revenue of 22.7% year-over-year reaching a record high of $6.4 million.

Gross profit increased 22.6% year-over-year to $3.6 million and gross margin was 55.6%.

"The second quarter of the year is usually our seasonally second strongest quarter, due to the larger harvest of cactus crops at this time of year. During this past quarter, we continued to shift our product mix towards nutritional food products and dietary supplements, and were pleased to see year-over-year growth in these product lines of 62% and 232%, respectively," says Yingxia Jiao, CEO of China Yingxia.

"The acquisition of Jin Ao, a soy milk manufacturing facility, will further help us expand our presence in the nutritional food market."

"In the second half of the year, we will continue to focus on increasing sales of our nutritional products and developing new products. We plan to expand our footprint throughout China by opening additional franchise stores and increasing sales at existing stores," says Jiao.

"We are particularly excited about the acquisition of Jin Ao, as it highlights the shift in our sales mix towards products that appeal to a larger market. We firmly believe that soy milk will become a significant source of revenue, given the enormous growth potential in China for convenient and urban products tailored to the local palette."

China Yingxia also plans to continue expand its international operations.

The main focus is currently on India, where the company would focus on dietary supplement sales and anticipates sales to start by the end of the third quarter when the company has received its business license from the Indian authorities.