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

-term debt. Stockholders' equity totaled $145.8 million as of March 31, 2010, compared to $132.6 million at the end of 2009.

    Recent Developments
    -- In May 2010, Yongye announced that the Company started the construction
       of a new production facility in Wuchuan County, Hohhot Municipal City,
       Inner Mongolia Autonomous Region.
    -- In March 2010, Yongye announced that both the Company's plant and
       animal nutrient products won the "Special Houji Award" at the 16th
       annual China Yangling Agricultural Hi-Tech Fair (the "CAF") in December
       2009.
    -- In March 2010, Yongye signed an agreement to acquire the development
       rights for a lignite coal resource project in Inner Mongolia, PRC for
       $35.1 million.

Business Outlook

From 2010 to 2012, Yongye expects to achieve at least a 50% annual growth rate in revenue. The Company also reaffirms its previously issued guidance. The Company expects 2010 annual revenues of between $160 million and $165 million, representing an increase of between 63% and 68% over last year's revenue of $98.1 million. The Company expects adjusted net income, which excludes the impact of certain non-cash expenses such as the change in fair value of warrants and share-based compensation, of between $42 million and $45 million, representing an increase of between 60% and 72% over 2009 adjusted net income of $26.2 million. The Company also reaffirms its previously announced estimate that the number of independently-owned, branded stores selling Yongye's Shengmingsu products will increase to at least 20,000 by the end of 2010, which represents a 120% increase over the 2009 year-end figure of 9,110.


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SOURCE Yongye International, Inc.
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Related biology technology :

1. Yongye International Announces Conference Call to Discuss First Quarter Fiscal Year 2010 Results
2. Yongye International to Present at Upcoming Investor Conferences
3. Yongye International, Inc. Begins Construction of New Production Facility
4. Yongye International Announces Conference Call to Discuss Fourth Quarter and Fiscal Year 2009 Results
5. Yongye International Announces Conference Call to Discuss Third Quarter 2009 Results
6. Yongye International Announces 2010-2012 Strategic Plan
7. Yongye International Announces Expansion of Research and Development Center
8. Yongye International Announces Branded Store Network Increases Over 40% to 5,000 Stores
9. Yongye Biotechnology International Receives License to Manufacture Products
10. Yongye Biotechnology International Raises $ 9.0 Million In Private Placement, Raises Guidance
11. Yongye Biotechnology Distributor has Record Breaking Single Store Sales Day
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