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Yongye International Announces First Quarter 2013 Financial Results

the Securities and Exchange Commission and available on the SEC's website ( All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these risk factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

ContactsYongye InternationalMs. Kelly Wang
Finance Director – Capital Markets
Phone: +86-10-8231-9608; +86-10-8232-8866 x 8827

FTI ConsultingMr. John Capodanno (U.S. Contact)
Phone: +1-212-850-5705
E-mail: (Financial Tables to Follow)YONGYE INTERNATIONAL, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETSMarch 31, 2013December 31, 2012Current assetsCash



44,511,404Restricted cash40,00040,000Accounts receivable, net of allowance

for doubtful accounts113,978,908293,600,762Inventories140,855,471118,693,596Deposits to suppliers23,358,15824,048,028Perpaid expenses251,432312,648Other receivables873,9431,189,633Deferred tax assets11,503,11311,591,797Total Current Assets475,256,856493,987,868Property, plant and equipment, net26,111,14926,224,957Intangible assets, net18,281,37618,909,349Land use right, net4,806,6954,807,313Prepayment for mining project35,989,22635,792,410Distributor vehicles42,271,01444,125,293Total Assets



623,847,190Current liabilitiesShort-term bank loans



50,857,163Long-term loans and payables - current

portion9,282,8619,149,280Capital lease obligations - current portion452,518395,878Accounts payable 8,981,33812,364,193Income tax payable3,543,045

SOURCE Yongye International, Inc.
Copyright©2012 PR Newswire.
All rights reserved

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