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

ACTIVITIES Deposits made for assets acquisition (20,019,368) -- Proceeds from sale of property, plant and equipment 92,629 -- Purchase of property, plant and equipment (1,068,030) (1,446,782) Net Cash Used in Investing Activities (20,994,769) (1,446,782) CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from long-term loans and payables 400,280 89,534 Repayment of long-term loans and payables (81,665) (29,870) Repayment of short-term loans (2,925,675) -- Proceeds from common stock issued 8,550,000 -- Net Cash Provided by Financing Activities 5,942,940 59,664 EFFECT OF FOREIGN EXCHANGE RATE CHANGES ON CASH 10,652 5,016 NET DECREASE IN CASH (14,529,015) (3,053,209) Cash and cash equivalent at beginning of year 65,518,181 4,477,477 Cash and cash equivalent at end of year $50,989,166 $1,424,268 Supplemental cash flow information: Cash paid for income taxes 126,310 22,464 Cash paid for interest expense 34,962 9,833 YONGYE INTERNATIONAL, INC. AND SUBSIDIARIES RECONCILIATION OF NON-GAAP FINANCIAL DATA FOR THE THREE MONTHS ENDED MARCH 31, 2010 AND 2009 Three Months Ended Three Months Ended March 31, 2010 March 31, 2009 Net Diluted Net Dil
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SOURCE Yongye International, Inc.
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