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

ventories (2,046,871) (5,211,663)

Other Receivables, net (1,247,729) (518,729)

Advances to Suppliers (273,630) 85,904

Prepaid Expense -- (4,374)

Accounts Payable and

Accrued Expenses 1,484,826 (77,148)

Deposit Received 120

Taxes Payable 414,009 58,074

Due from Related Parties (954,735)

Due to Related Parties 1,626,548 (225,171)

Other Payables 85,783 (1,391,508)

Total Adjustments (20,332,366) (8,093,669)

Net Cash Used in Operating

Activities (8,119,164) (3,569,434)

CASH FLOWS FROM INVESTING

ACTIVITIES

Acquisition of Property and

Equipment (3,493,192) (96,165)

Additions to Intangible

Assets (122,899)

Net Cash Used in Investing

Activities (3,616,091) (96,165)

CASH FLOWS FROM FINANCING ACTIVITIES

Proceeds from Bank Loans 205,028 4,251,841

Proceeds from Share Capital 19,135,151

Proceeds from Shareholder Loans -- 831,157

Repayment of Long-term Loans -- (6,500)

Payment for Stock Issuance Costs (1,146,159) --

Net Cash From Financing Activities 18,194,020 5,076,498

EFFECT OF FOREIGN CURRENCY

TRANSLATION ON CASH 380,656 (32,791)

NET INCREASE IN CASH AND CASH'/>"/>

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

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