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China Yongxin Pharmaceuticals, Inc. Announces Results for the Third Quarter Ended September 30, 2009

ends," "estimate," "anticipate," "plan," "predict" "probable," "potential," "possible," "should," "continue," and other words of similar meaning. Actual results could differ materially from these forward-looking statements as a result of a number of risk factors detailed in the Company's periodic reports filed with the SEC. Given these risks and uncertainties, investors are cautioned not to place undue reliance on such forward-looking statements and no assurances can be given that such statements will be achieved. China Yongxin Pharmaceutical Inc. does not assume any duty to publicly update or revise the material contained herein.

                           CONSOLIDATED BALANCE SHEETS
                  AS OF SEPTEMBER 30, 2009 AND DECEMBER 31, 2008

                                                  September 30, December 31,
                                                       2009         2008
    Current Assets:
    Cash and cash equivalents                       $1,371,842     $609,422
    Accounts receivable, net                         6,622,395    6,030,874
    Notes receivable                                 3,074,753    1,334,078
    Other receivable, net                            2,823,356      356,573
    Advances to suppliers                            6,576,641    6,186,269
    Prepaid expenses                                        --      345,686
    Inventory, net                                   8,747,431    7,864,677
    Total Current Assets                            29,216,418   22,727,579

    Property and Equipment, net                      8,733,094    2,680,207

    Construction In Progress                           913,054    6,066,249

    Intangible Assets, net                              47,324       73,687
    Total Assets                                   $38,909,890  $31,547,722

SOURCE China Yongxin Pharmaceuticals, Inc.
Copyright©2009 PR Newswire.
All rights reserved

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