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China YCT International Group, Inc. Announces Third Quarter Fiscal 2009 Results
Date:2/18/2009

perating Activities: Net income $6,457,877 $2,238,438 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 85,488 48,767 Changes in operating assets and liabilities: Inventory 672,703 (426,533) Advance to suppliers 834,284 (88,020) Loan to related party 1,067,924 -- Accounts payable 402,020 4,667 Unearned revenue 1,764 -- Taxes payable 298,021 256,577 Accrued expenses and other payables (21,916) 33,701 Cash provided by operating activities 9,798,162 2,067,597 Cash Flows From Investing Activities: Purchase of plant and equipment -- (35,927) Purchase of land use right -- (304,473) Addition to construction in progress (1,328,402) (425,133) Cash used in investing activities (1,328,402) (765,533) Cash Flows From Financing Activities Proceeds from (payment to) related party 45,095 (534,683) Cash provided by financing activities 45,095 (534,683) Effect of exchange rate changes on cash and cash equivalents 167,832 260,254 Increase in cash and cash equivalents 8,682,687 1,027,
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SOURCE China YCT International Group Inc.
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