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

ld differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including the risk factors discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on the SEC's website ( http://www.sec.gov ). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these risk factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

-- Financial Tables Follow --

YONGYE BIOTECHNOLOGY INTERNATIONAL, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME

Yongye The Yongye The

Biotechnology predecessor Biotechnology predecessor

International, Inner International, Inner

Inc. and Mongolia Inc. and Mongolia

Subsidiaries Yongye Subsidiaries Yongye

For Three For Three For Nine For Nine

Months Ended Months Ended Months Ended Months Ended

September 30, September 30, September 30, September

2008 2007 2008 30, 2007

(Unaudited) (Unaudited) (Unaudited) (Unaudited)

Sales $18,202,940 $2,625,137 $45,189,579 $10,752,855

Cost 9,278,944 1,021,719 21,697,964 5,368,480

Gross Profit 8,923,996 1,603,418 23,491,615 5,384,375

Operating Expenses 3,440,036 159,398 7,437,513 230,591

General and

Adminis
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SOURCE Yongye Biotechnology International, Inc.
Copyright©2008 PR Newswire.
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