Huaxing Machinery Corp. Reports Consolidated Financial Results for the Three Months Ended March 31, 2013 and March 31, 2012

Huaxing Machinery Corp. (TSX VENTURE:HUA) ("Huaxing" or the "Company") reports
its unaudited consolidated financial results as at and for the three months
ended March 31, 2013 and March 31, 2012 in accordance with International
Accounting Standard 34, Interim Financial Reporting ("IAS 34"). All dollar
amounts are expressed in Canadian dollars.


The Company's unaudited financial results for the three months ended March 31,
2013 in comparison to those of the three months ended March 31, 2012 are as
follows:




                                   Three       Three                        
                                  Months      Months                        
                                   Ended       Ended                        
                               March 31,   March 31,       Change from      
                                    2013        2012      2012 to 2013      
                                                    ------------------------
(Unaudited)                            $           $           $           %
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Sales                          6,880,796   7,056,949   (176,153)     (2.50%)
Cost of sales                  5,337,773   5,274,701      63,072       1.20%
Gross profit                   1,543,023   1,782,248   (239,225)    (13.42%)
Income from operations           742,649     829,520    (86,871)    (10.47%)
Net income                       556,581     629,682    (73,101)    (11.61%)
Net income attributable to                                                  
 equity holders of the                                                      
 Company                         429,762     478,248    (48,486)    (10.14%)
Earnings per share - basic                                                  
 and diluted                        0.01        0.01        0.00       0.00%
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For the three months ended March 31, 2013, unaudited consolidated income from
operations and net income were $742,649 (2012 - $829,520) and $556,581 (2012 -
$629,682), respectively.


During the three months ended March 31, 2013 we recorded stock based
compensation of $50,563 for the options granted and vested during the period.
During the three months ended March 31, 2012 we did not have such non-cash
expenses.


The Board of Directors did not declare dividend for the three months ended March
31, 2013.


About Huaxing Machinery Corp.

Huaxing is a manufacturer of stone processing equipment and steel structure
fabrication equipment. The Company became listed on TSX.V on January 21, 2011
upon completing the Qualifying Transaction with Samurai. Through its wholly
owned subsidiary Gold Rhino Limited, Huaxing holds an 80% controlling equity
interest in Shandong Gold Rhino Huaxing Machinery Corp., the operating entity
that holds the manufacturing facilities located in Boxing County, Shandong
Province, China. Its main products are stone sawing, cutting, polishing and
processing machinery, and robotic welding system for steel structure
fabrication. The processed stones and steel structures are both used in the
building and infrastructure construction industry.


Forward-Looking Statements

Certain information regarding Huaxing Machinery Corp. contains herein may
constitute forward-looking statements within the meaning of applicable
securities laws. Forward-looking statements may include estimates, plans,
expectations, opinions, forecasts, projections, guidance or other statements
that are not statements of fact. Although the Company believes that the
expectations reflected in such forward- looking statements are reasonable, it
can give no assurance that such expectations will prove to have been correct.
The Company cautions that actual performance will be affected by a number of
factors, many of which are beyond the Company's control, and that future events
and results may vary substantially from what the Company currently foresees. The
Company assumes no obligation to update such forward- looking statements, except
as required by applicable securities laws or exchange regulations. The Company's
forward-looking statements are expressly qualified in their entirety by this
cautionary statement. The Company seeks safe harbour.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Huaxing Machinery Corp.
Xinlin Huang
778-373-1485