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Yongye Biotechnology Announces Record Third Quarter Results
Date:11/13/2008

760 --

Capital Contribution -- 7,260,000

Additional Paid-in Capital 17,887,832 --

Retained Earnings 10,918,386 4,024,111

Statutory Reserve 1,263,713 480,629

Accumulated other

Comprehensive Income 419,970 1,146,732

Total Stockholders' Equity $30,516,661 $12,911,472

TOTAL LIABILITIES AND STOCKHOLDERS'

EQUITY $35,564,319 $23,131,656

YONGYE BIOTECHNOLOGY INTERNATIONAL, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

Yongye The

Biotechnology predecessor

International, Inc. Inner Mongolia

and Subsidiaries Yongye

For Nine Months For Nine

Ended June 30, Months Ended

2008 June 30, 2007

(Unaudited) (Unaudited)

CASH FLOWS FROM OPERATING ACTIVITIES

Net Income $12,213,202 $4,524,235

Adjustments to Reconcile Net

Income to Net Cash Used in

Operating Activities

Depreciation and Amortization 115,541 160,978

Loss on Disposal of Fixed Assets 146,714

Provision for Minority Interest 1,092,426 --

Changes in Assets and Liabilities:

Accounts Receivable, net (20,628,654) (1,116,746)

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SOURCE Yongye Biotechnology International, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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