Gushan Environmental Energy Limited Announces Third Quarter 2008 Results

NEW YORK, Nov. 12 /PRNewswire-FirstCall/ -- Gushan Environmental Energy Limited ("Gushan" or the "Company"; NYSE: GU), China's largest producer of biodiesel as measured by annual production capacity, today announced its unaudited consolidated financial results for the third quarter ended September 30, 2008.

Highlights for Third Quarter 2008

* Total revenues increased by 82.9% year-to-year and 12.1% quarter-on-quarter to RMB448.1 million (US$66.0 million).

* Gross profit increased by 47.8% year-to-year and decreased 1.0% quarter-on-quarter to RMB163.2 million (US$24.0 million).

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