Yuhe International Reports Q4 EPS of $0.32 vs. $0.27

Yuhe International, Inc.

today announced its unaudited financial results for the fourth quarter. Net revenue increased 64.06% to $21.8 million, as compared to $13.3 million for the fourth quarter of 2009. Net income(loss) for the three months ended December 31, 2010 was a net loss of $47.6 million, a decrease of $51.2 million from net income of $3.6 million for the same period in 2009, due mainly to incurrence of the non-recurring stock-based compensation expense of $53.81 million deriving from the share transfer between Mr. Kunio Yamamoto and Mr. Gao Zhentao. Adjusted net income (non-GAAP) for the three months ended December 31, 2010 was $6.20 million, or $0.32 per fully diluted share, up 71.13% compared with net income of $3.6 million, or $0.23 per fully diluted share for the same period in 2009. For