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Yongye International Announces First Quarter 2010 Results
Date:5/12/2010

g interest 257,449 18,522 Net income attributable to Yongye International, Inc. 4,371,293 3,306,784 Earnings per share: Basic $0.10 $0.12 Diluted $0.10 $0.12 Weighted average shares used in computation: Basic 44,532,241 26,760,258 Diluted 44,696,427 26,760,258 YONGYE INTERNATIONAL, INC. AND SUBSIDIARIES UNAUDITED CONSOLIDATED BALANCE SHEETS March 31, 2010 December 31, 2009 Current assets Cash $50,989,166 $65,518,181 Accounts receivable, net of allowance for doubtful accounts 8,774,317 6,161,796 Inventories 46,174,371 42,033,261 Prepayments 6,023,486 6,211,896 Prepaid expenses 343,106 112,879 Other receivables 323,532 383,841 Total Current Assets 112,627,978 120,421,854 Property, plant and, equipment, net 9,048,876 9,156,915 Intangible asset, net 82,414 85,058 Land use right, net 4,145,645 4,166,987 Deposits for assets acquisition 20,019,163 -- Other assets 4,426,209 2,029,012 Goodwill 9,947,462 9,945,862 Total Assets $160,297,747 $145,805,688 Current liabilities Short-term bank loan $-- $2
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SOURCE Yongye International, Inc.
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