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Yongye Biotechnology International Announces Second Quarter Results
Date:8/18/2008

- 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 Six For Six

Months Months Months Months

Ended Ended Ended Ended

June 30, June 30, June 30, June 30,

2008 2007 2008 2007

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

Sales $17,598,671 $7,441,212 $26,986,639 $8,127,718

Cost 7,996,521 3,908,020 12,419,020 4,346,761

Gross Profit 9,602,150 3,533,192 14,567,619 3,780,957

Selling Expenses 777,012 62,135 3,997,477 71,193

General and Administrative

Expenses 454,697 108,350 812,125 154,986

Income from Operations 8,370,441 3,362,707 9,758,017 3,554,778

Other Income (Expense)

Interest Income 789 1,278 778 1,291

Other Income (387,198) (51,191) (386,840) (197,641)

Total Other Income

(Expenses) (386,409) (49,913) (386,062) (196,350)

Income Before Provision

for Income Taxes and

Minority Interest 7,984,032 3,312,794 9,371,955 3,358,428

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