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China Yongxin Pharmaceuticals, Inc. Announces 2008 Fourth Quarter and Full Year Financial Results
Date:4/23/2009

(2,510,863) Increase / (decrease) in current liabilities: Accounts payable (2,164,346) 1,400,423 Accrued expense and other payable 903,925 625,276 Deferred income 16,679 230,968 Advances from customers 1,821,591 748,000 Tax payable 924,573 -- Net cash provided by/ (used in) operating activities 5,894,960 (1,830,920) CASH FLOWS FROM INVESTING ACTIVITIES Cash acquired on reverse acquisition -- 5,334 Contribution from minority shareholders 11,532 -- Additions to construction in progress (5,960,396) -- Purchase of property, equipment and intangible assets (789,036) (1,029,925) Net cash used in investing activities (6,737,900) (1,024,591) CASH FLOWS FROM FINANCING ACTIVITIES Receipts of loan from non-related parties 1,818,271 1,187,673 Receipts of Loan from banks -- 1,516,067 Payments of loan from non-related parties (1,617,118) -- Net cash provided by financing activities 201,153 2,703,740 NET DECREASE IN CASH AND CASH EQUIVALENTS (641,786) (151,771) EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS 71,179 83,396 CASH AND CASH EQUIVALENTS, BEGINNING BALANCE 1,180,029 1,248,404 CASH AND CASH EQUIVALENTS, ENDING BALANCE $609,422 $1,180,029 SUPPLEMENTAL DISCLOSURES:
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SOURCE China Yongxin Pharmaceuticals, Inc.
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