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China Yongxin Pharmaceuticals Inc. Announces Second Quarter 2009 Financial Results
Date:10/14/2009

s receivable (229,403) -- Other receivable (196,580) (799,159) Advances to suppliers (2,289,358) 2,077,575 Prepaid expenses 99,406 (70,437) Inventory (69,939) (1,556,377) Increase / (decrease) in current liabilities: Accounts payable 1,768,564 1,342,605 Notes payable 552,449 -- Other payable 677,711 2,571 Accrued expense (107,245) -- Tax payable 706,368 857,194 Advances from customers (1,007,358) 1,047,628 Deferred revenue (86,541) (249,545) Net cash provided by operating activities 1,020,888 1,956,221 CASH FLOWS FROM INVESTING ACTIVITIES Proceeds from minority interest shareholders -- 11,406 Additions to construction in progress (275,529) -- Purchase of property, equipment and intangible assets -- (2,626,220) Net cash used in investing activities (275,529) (2,614,813) CASH FLOWS FROM FINANCING ACTIVITIES Receipt of short term loan -- 1,964,749 Receipts of loan from non-related parties 256,843 -- Receipts of Loan from related parties -- (1,620,887) Net cash provided by financing activities 256,843 343,863 NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENT
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SOURCE China Yongxin Pharmaceuticals, Inc.
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