YONG - Yongye Biotechnology International, Inc.
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Nov 2nd, 2009, 09:34 AM
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#11
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Yongye Branded Independent Store Sets New One-Day Sales Record
8:00a ET November 2, 2009 (PR NewsWire)
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 one of the independently-owned Yongye branded stores set a new, single store, one-day sales record for Shengmingsu branded plant products.
In April 2009, a store in Qianjiang City, Hubei Province, as part of a distributor promotional event, set the previous one-day sales record by selling 15,310 bottles of Shengmingsu for approximately $30,000. On October 30, 2009 a different store in Qianjiang City, as part of a promotional event, set a new record by selling 25,163 bottles for approximately $50,000. There were approximately 7,000 independently owned stores in Yongye's distribution network at the end of the third quarter of 2009.
"While October is typically a slow sales season for Shengmingsu, as compared to the months in the second and third quarters of the year, we believe our new one-day sales record further validates the strong brand recognition of our Shengmingsu products, particularly in central China, and particularly as part of more recently developed branded store areas," said Mr. Zishen Wu, CEO of Yongye International, Inc. "As we continue to grow our presence in central and southern China, we are confident that our unique branded store distribution model and comprehensive marketing campaign will enable us to replicate the success that we have achieved in our existing markets."
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 x8880
Email: larry.gilmore@yongyeintl.com
CCG Investor Relations, Inc.
Mr. Crocker Coulson, President
Phone: +1-646-213-1915 (New York)
Email: crocker.coulson@ccgir.com
Web: http://www.ccgirasia.com
SOURCE Yongye International, Inc.
http://www.yongyeintl.com
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Nov 2nd, 2009, 12:45 PM
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#12
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they've released a PR similar to this one on May 1, 2009.
"A Yongye branded retail store in Qianjiang City in Hubei Province sold 15,310 bottles of Shengmingsu plant nutrient product on April 30, 2009 for $30,000 in sales. This was the highest single day sales for a Yongye branded retail store in Yongye's history."
Then the earnings proved to reflect the sales by beating expectations. If people can't recognize the pattern here, the train will leave without them. This is good news for this quarter's earnings in my opinion.
In May 2009 "There currently are approximately 2,000 Yongye branded retail stores, compared to 775 branded retail stores at the end of 2008. In addition to the branded retail stores, an additional 1,500 stores were recently added by the regional distributors to the retail sales network. Some of these stores are going through a certification process to become Yongye branded retail stores. A total of 3,500 retail locations are currently selling Yongye's Shengmingsu plant nutrient product."
they now have over 7,000 locations. now factor that into the earnings.
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"I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful." - Warren Buffett
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Nov 2nd, 2009, 01:18 PM
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#13
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China's most influential agricultural high-tech expo opened Sunday in Xi'an, capital of northwest China's Shaanxi province, highlighting agricultural innovation and high-tech advancement.
More than 5,000 new agricultural technologies and projects of over 1,100 companies from home and abroad are showcased at the 16th China Yangling Agricultural Hi-Tech Fair, said Liang Hongxian, deputy director of Yangling hi-tech zone's administration committee.
Addressing the opening of the fair, State Councilor Liu Yandong urged efforts to develop modern ecological agriculture with high yields, high quality and high efficiency through science and technology advancement.
It is imperative to push for the agricultural innovation to achieve development, to settle the "double restrictions" China's agriculture faces, namely the resources environment and market supply and demand, Liu said.
China welcomes foreign agricultural companies to invest and set up R&D branches in the country and encourages domestic hi-tech agricultural companies to explore the overseas market, she added.
The fair is jointly hosted by the provincial government of Shaanxi and the ministries of science and technology, commerce, education, agriculture and 14 other ministries.
The previous 15 fairs attracted more than 13 million business people and visitors from home and abroad, recording a combined transaction volume of 160 billion yuan and bringing benefits to more than 300 million farmers, Liang said.
http://www.chinadaily.com.cn/bizchin...t_8901405.htm#
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Nov 2nd, 2009, 01:23 PM
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#14
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this might be the reason behind increased sales on a typical slow month.
http://english.people.com.cn/90001/9...2/6801163.html
Grain production in China is expected to reach a historical new high, registering a consecutive six-year increase over the past 40 years for the first time, Sun Zhengcai, Minister of Agriculture made the remark in Beijing recently.
China's grain production has witnessed a substantial increase from 2004. According to data from the National Bureau of Statistics, grain production in 2004 totaled 469.5 million tons, an increase of nine percent year on year; and from 2005 to 2008, it reached 484.02 tons, 497.5 tons, 501.5 tons and 528.5 tons respectively. The Agricultural Policy Report 2009 noted summer grain corps totaled 246,700 tons, a year-on-year increase of 2.2 percent, realizing a six-year consecutive increase.
"China is not only a grain donor, but a global laboratory for grain issue research," Sheila Sisulu, Deputy Executive Director of World Food Program (WFP) made the remark on the occasion as WFP and China celebrated the 30th anniversary of friendly cooperation recently. "One mission that I came to China is to study how China solved the food problem for 1.3 billion people in such a short period of time. It is a miracle for economic development."
The report filed by ActionAid, a non-governmental organization to combat global poverty, praised the endeavor China has made over its anti-starvation campaign, helping millions out of poverty over the past decade. Meanwhile, the report also pointed out that the strategy China adopted was based on the solid support the Chinese government had given to farmers.
A former benefit country becomes a global grain donor
China has abolished agricultural tax, the country's most ancient tax category, and implemented a series of effective agriculture-oriented policies since 2004. Farmers' enthusiasm was aroused as subsidies for the purchase of agricultural machinery and tools increased from 700 million yuan to 13 billion yuan in 2009.
Sci-tech also played a crucial role in agricultural development. Agro scientists have cultivated some 1,500 new strains and combined breeds so far, bringing yield per mu from 135 kg in 1978 to 330 kg in 2008.
Per-capita share of grain in China reached 404 kg by the end of 2008, and now, China is the world's largest grain producer. "From 2006 China no longer accepts WFP's free grain aid, and has gradually become a key global grain donor," noted Sun.
A global laboratory for grain issue research
China faces the disadvantages of large population, less farming land, poor deposit in national resources, and three aspects must be addressed to raise grain yield, namely, policy, sci-tech as well as investment," said Gao Wangsheng, a professor with China Agricultural University.
Technically, China has taken measures in four aspects to develop agriculture, namely, develop high-yield strains like hybrid rice, high-yield corn and wheat; adopt intensive and meticulous farming; prevent and control corps diseases and eliminate the pests; develop new technology to reduce grain production loss.
Gao added that all these techniques had got international approval, especially in those countries which shared the similar national conditions with China. The technology, such as hybrid rice has provides one billion people with enough grain, and additionally, China's dryland agricultural techniques are also widely used in Africa.
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"I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful." - Warren Buffett
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Nov 3rd, 2009, 02:16 PM
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#15
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YONG up 7.50% so far today. Resistance at $9.50 if we break above that we run to $10.00!
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"I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful." - Warren Buffett
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Nov 9th, 2009, 03:25 PM
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#16
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Anyone have this on their radar? Earnings this week and down 8.5% today. Very volatile stock just wondering if there is more upside starting now with the big down day. One may want to look into the SEC report today may be why it is down today however it is just amendment, nothing too much new there. Would love to hear opinions, thinking about entering at EOD maybe for the nice gap up tomorrow.
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Nov 10th, 2009, 11:06 AM
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#17
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Anyone make any sense of this movements? .24 EPS est on Friday
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Dec 10th, 2009, 09:27 AM
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#18
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Join Date: Dec 2009
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Watch this in the A.M with chinese aggs showing strength. This YONG and CAGC. Watch LIWA
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May 13th, 2010, 08:55 PM
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#19
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Thoughts?
Yongye International Announces First Quarter 2010 Results
May 12, 2010 (PR Newswire) --
BEIJING, China, May 12 /PRNewswire-Asia-FirstCall/ -- Yongye International, Inc. (Nasdaq: YONG), ("Yongye" or the "Company") a leading developer, manufacturer, and distributor of Shengmingsu brand plant and animal nutrient products in the People's Republic of China ("PRC"), today announced its financial results for the quarter ended March 31, 2010.
First Quarter 2010 Highlights
-- Revenue increased 100.5% to $24.9 million from the first quarter of
2009
-- Gross profit increased 112.1% to $13.9 million
-- Gross margin increased 304 basis points to 55.6%
-- Income from operations increased 71.3% to $5.6 million
-- Net income increased 32.2% to $4.4 million, or $0.10 per diluted share,
compared to $3.3 million, or $0.12 per diluted share, in the first
quarter of 2009
-- Adjusted net income, which excludes the impact of the non-cash change
in fair value of derivative liabilities of $12,534, increased 40.7% to
$4.4 million, or $0.10 per diluted share, compared to $3.1 million, or
$0.12 per diluted share, in the same period last year(*)
-- Cash flow from operations increased to $0.5 million from negative
$1.7 million, while doubling revenue
-- Signed an agreement to acquire the development rights for a lignite
coal resource project in Inner Mongolia, PRC for $35.1 million
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May 13th, 2010, 09:21 PM
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#20
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HSM Newbie
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Quote:
Originally Posted by tripnstocks
Thoughts?
Yongye International Announces First Quarter 2010 Results
May 12, 2010 (PR Newswire) --
BEIJING, China, May 12 /PRNewswire-Asia-FirstCall/ -- Yongye International, Inc. (Nasdaq: YONG), ("Yongye" or the "Company") a leading developer, manufacturer, and distributor of Shengmingsu brand plant and animal nutrient products in the People's Republic of China ("PRC"), today announced its financial results for the quarter ended March 31, 2010.
First Quarter 2010 Highlights
-- Revenue increased 100.5% to $24.9 million from the first quarter of
2009
-- Gross profit increased 112.1% to $13.9 million
-- Gross margin increased 304 basis points to 55.6%
-- Income from operations increased 71.3% to $5.6 million
-- Net income increased 32.2% to $4.4 million, or $0.10 per diluted share,
compared to $3.3 million, or $0.12 per diluted share, in the first
quarter of 2009
-- Adjusted net income, which excludes the impact of the non-cash change
in fair value of derivative liabilities of $12,534, increased 40.7% to
$4.4 million, or $0.10 per diluted share, compared to $3.1 million, or
$0.12 per diluted share, in the same period last year(*)
-- Cash flow from operations increased to $0.5 million from negative
$1.7 million, while doubling revenue
-- Signed an agreement to acquire the development rights for a lignite
coal resource project in Inner Mongolia, PRC for $35.1 million
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Numbers are good, but I sold my shares today at 8.32. Made 20% from last friday buy. It might go even higher tomorrow, but strong resistance at 8.35 and it safer to be in cash. My original exit point was actually 8.00, so I'm quite happy. In long term though it'll be well over 10 by the end of the year.
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