HispanicBusiness

                          GUANWEI RECYCLING CORP.  UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE                                   INCOME                           Three Months Ended         Nine Months Ended                              September 30,             September 30,                        ------------------------  -------------------------                            2012         2011         2012          2011                        -----------  -----------  ------------  -----------Net revenue             $17,905,974  $16,679,012  $ 52,772,402  $46,579,286Cost of revenue          12,374,450   11,722,192    38,793,696   32,291,990                        -----------  -----------  ------------  -----------    Gross profit          5,531,524    4,956,820    13,978,706   14,287,296                        -----------  -----------  ------------  -----------Operating expenses:  Selling and marketing     125,536       95,288       293,286      299,233  General and   administrative           524,112      431,316     1,647,140    1,404,042                        -----------  -----------  ------------  -----------    Total operating     expenses               649,648      526,604     1,940,426    1,703,275                        -----------  -----------  ------------  -----------Income from operations    4,881,876    4,430,216    12,038,280   12,584,021                        -----------  -----------  ------------  -----------Other income (expenses)  Interest income            14,395       22,889        42,903       70,302  Interest expenses               -       (3,453)            -      (28,667)  Net foreign exchange   (loss) gain              (92,074)      67,485      (121,754)     198,609  Miscellaneous               2,409            -         2,409       10,398                        -----------  -----------  ------------  -----------    Total other     (expenses) income      (75,270)      86,921       (76,442)     250,642                        -----------  -----------  ------------  -----------Income before income taxes                    4,806,606    4,517,137    11,961,838   12,834,663Income taxes              1,183,774    1,141,379     3,110,720    3,290,263                        -----------  -----------  ------------  -----------Net income                3,622,832    3,375,758     8,851,118    9,544,400Other comprehensive (loss) income - foreign currency translation adjustments                (47,331)     527,199       166,087    1,070,727                        -----------  -----------  ------------  -----------Comprehensive income    $ 3,575,501  $ 3,902,957  $  9,017,205  $10,615,127                        ===========  ===========  ============  ===========Earnings per share attributable to shareholders of  Guanwei Recycling   Corp. - basic and   diluted              $      0.17  $      0.17  $       0.43  $      0.48                        ===========  ===========  ============  ===========Weighted average number of common shares outstanding  - basic and diluted    20,815,654   20,000,006    20,509,042   20,000,006                        ===========  ===========  ============  ===========