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

and Subsidiaries Yongye

September 30, 2008 December 31, 2007

(Unaudited)

CURRENT ASSETS

Cash and Cash Equivalents $6,847,558 $376,002

Accounts Receivable 20,678,867 1,630,609

Inventories 2,060,532 9,851,788

Advance Payments 273,722 --

Due from Affiliates 954,431 978,384

Other Receivables 1,247,929 27,038

Total Current Assets 32,063,039 12,863,821

PROPERTY AND EQUIPMENT, NET 3,386,463 2,486,487

INTANGIBLE ASSETS, NET 114,817 3,665,584

LONG-TERM INVESTMENTS -- 4,115,764

TOTAL ASSETS $35,564,319 $23,131,656

CURRENT LIABILITIES

Accounts Payable and Accrued

Expenses 1,503,005 1,271,852

Short-term Bank Loan -- 5,484,000

Due to Shareholders -- 2,507,371

Due to Related Parties 1,646,282

Tax Payables 414,997 893,892

Other Payables 85,986 50,916

Total Current Liabilities 3,650,270 10,208,031

LONG-TERM LIABILITY 204,962 12,153

Minority Interest 1,192,426 --

STOCKHOLDERS' EQUITY

Capital Stock: 26,760,258 shares

authorized and issued par value

$.001 as of September 30, 2008 26,
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SOURCE Yongye Biotechnology International, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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