Deyu Agriculture Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2012. For the quarter, the company has posted net revenue of $55,837,010 against $49,456,704 a year ago. This growth was mainly due to the rise in the average sales price of corn as a result of inflation in China during this period, partially offset by a slight decrease in sales volume caused by the decrease in working capital supported by bank debts. Operating income was $4,422,962 against $4,617,626 a year ago. Income from continuing operations was $2,902,507 or $0.23 diluted per share against $4,755,858 or $0.38 diluted per share a year ago. Net income was $2,902,507 against $2,396,723 a year ago. Net income attributable to company was $2,921,942 or $0.23 diluted per share against $3,238,253 or $0.26 diluted per share a year ago.

For the six months, has posted net revenue of $118,576,479 against $86,102,520 a year ago. Operating income was $10,825,617 against $8,925,180 a year ago. Income from continuing operations was $9,199,208 or $0.73 diluted per share against $9,261,614 or $0.75 diluted per share a year ago. Net income was $9,199,208 against $5,693,472 a year ago. Net income attributable to company was $9,240,077 or $0.73 diluted per share against $6,679,185 or $0.54 diluted per share a year ago. Net cash provided by operating activities was $10,699,003 against net cash used in operating activities was $37,193,808 a year ago. Purchase of machinery and equipment was $46,992 against $240,026 a year ago.