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

trative

Expenses 453,683 196,386 1,265,808 351,372

Income from

Operations 5,030,277 1,247,634 14,788,294 4,802,412

Other Income

(Expense)

Interest Income 65,785 -- 66,563 1,291

Other Income (340,087) (81,827) (726,927) (279,468)

Total Other Income

(Expenses) (274,302) (81,827) (660,364) (278,177)

Income (Loss)

Before Provision

for Income Taxes

and Minority

Interest 4,755,975 1,165,807 14,127,930 4,524,235

Provision for

Income Taxes 227,537 -- 822,302 --

Net Income (Loss)

before Minority

Interest 4,528,438 1,165,807 13,305,628 4,524,235

Provision for

Minority Interest 57,421 -- 1,092,426 --

Net Income 4,471,017 1,165,807 12,213,202 4,524,235

Foreign Currency

Translation

Adjustment 5,199 170,033 419,970 344,228

Comprehensive

Income $4,476,216 $1,335,840 $12,633,172 $4,868,463

Net Income Per

Share

Basic $0.24 $0.10 $0.78 $0.40

Diluted $0.22 $0.10 $0.75 $0.40

Weighted Average

Shares

Basic 18,637,948 11,444,775 15,654,417 11,444,775

Diluted 20,103,760 11,444,775 16,335,237 11,444,775

YONGYE BIOTECHNOLOGY INTERNATIONAL, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

Yongye Biotechnology The predecessor

International, Inc. Inner Mongolia


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

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