Yongye International Raises 2009 Guidance

* Reuters is not responsible for the content in this press release.

Thu Oct 22, 2009 10:56am EDT

BEIJING, Oct. 22 /PRNewswire-Asia-FirstCall/ -- Yongye International, Inc.
(Nasdaq: YONG), ("Yongye or "the Company") a leading manufacturer, developer
and distributor of Shengmingsu brand plant and animal nutrient products in the
People's Republic of China (PRC), today announced that the Company raised its
2009 annual revenue guidance to $94-$95 million from $89-$90 million which
represents a 96%-98% increase over 2008 results. The Company also provided
guidance for 2009 annual pre-tax income from operations of $30-$31 million,
which represents an increase of 119%-126% over 2008 results, and for 2009
annual pre-tax operating income margin of approximately 32%-33%.
     "We have experienced stronger than expected revenue generation in our
new,
non-traditional markets in southern and central provinces, and internal
economies of scale which are expected to increase our 2009 pre-tax operating
income margin by approximately 4-5 percentage points over that of 2008,"
commented Mr. Zishen Wu, Chairman and CEO of Yongye International. "We
strongly believe these preliminary results support our geographic expansion
strategy for the coming years and our ability to scale the organization to
meet these demands.
    About Yongye International, Inc.
    Yongye International, Inc., headquartered in Beijing, is engaged in the
manufacturing, development, distribution and sales of Shengmingsu brand plant
and animal nutrient products. The Company's patented and patent pending
formulas and proprietary extraction processes allow it to create products that
increase crop yields and improve the health of livestock. Its sole operating
subsidiary, Inner Mongolia Yongye Nongfeng Biotechnology Co., Ltd., is
headquartered in Beijing with administrative and sales offices located in
Inner Mongolia, People's Republic of China. For more information, please visit
the Company's website at http://www.yongyeintl.com .
    Safe Harbor Statement
    This press release contains certain statements that may include
"forward-looking statements." All statements other than statements of
historical fact included herein are "forward-looking statements." These
forward-looking statements are often identified by the use of forward-looking
terminology such as "believes," "expects" or similar expressions, involving
known and unknown risks and uncertainties. Although the Company believes that
the expectations reflected in these forward-looking statements are reasonable,
they do involve assumptions, risks and uncertainties, and these expectations
may prove to be incorrect. You should not place undue reliance on these
forward-looking statements, which speak only as of the date of this press
release. The Company's actual results could differ materially from those
anticipated in these forward-looking statements as a result of a variety of
factors, including the risk factors discussed in the Company's periodic
reports that are filed with the Securities and Exchange Commission and
available on the SEC's website (http://www.sec.gov ). 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.
    For more information, please contact:

    Yongye International, Inc.
     Mr. Larry Gilmore-VP of Corporate Strategy
     Phone: +86-10-8232-8866 x 8880
     E-mail: larry.gilmore@yongyeintl.com

    CCG Investor Relations, Inc.
     Mr. Crocker Coulson, President
     Tel: +1-646-213-1915 (New York)
     E-mail: crocker.coulson@ccgir.com
     Web: http://www.ccgirasia.com

SOURCE  Yongye International, Inc.

Yongye International, Inc., Mr. Larry Gilmore-VP of Corporate Strategy, or
+86-10-8232-8866 x 8880, or larry.gilmore@yongyeintl.com; Or CCG Investor
Relations, Inc., Mr. Crocker Coulson, President, +1-646-213-1915 (New York),
or crocker.coulson@ccgir.com
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.