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

for Income Taxes 219,983 -- 594,765 --

Net Income before Minority

Interest 7,764,049 3,312,794 8,777,190 3,358,428

Provision for Minority

Interest 603,194 -- 1,035,005 --

Net Income 7,160,855 3,312,794 7,742,185 3,358,428

Foreign Currency

Translation Adjustment 277,101 127,723 414,771 174,195

Comprehensive Income $7,437,956 $3,440,517 $8,156,956 $3,532,623

Net Income Per Share

Basic $ 0.43 $ 0.29 $ 0.55 $ 0.29

Diluted $ 0.41 $ 0.29 $ 0.54 $ 0.29

Weighted Average Shares

Basic 16,847,741 11,444,775 14,146,258 11,444,775

Diluted 17,435,896 11,444,775 14,265,199 11,444,775

YONGYE BIOTECHNOLOGY INTERNATIONAL, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

Yongye Biotechnology

International, Inc. The predecessor Inner

and Mongolia

Subsidiaries Yongye

June 30, 2008 December 31, 2007

(Unaudited)

CURRENT ASSETS

Cash and Cash Equivalents $1,350,330 $376,002

Accounts Receivable 20,613,347 1,630,609

Inventory 5,196,266 9,851,788

Advance Payments 65,453 --

Due from Affiliates -- 978,384

Other Receivables 216,795 27,038

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

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