x
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Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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¨
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Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Nevada
(State or other jurisdiction of
incorporation or organization
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20-8051010
(I.R.S. Employer
Identification No.)
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Large accelerated filer ¨
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Accelerated filer x
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Non-accelerated filer ¨ (Do not check if a smaller reporting company)
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Smaller reporting company ¨
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Item 6.
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Exhibits
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Exhibit No.
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Description
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3.3
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Certificate of Designation (1)
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4.1
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Registration Rights Agreement, dated as of June 9, 2011 (2)
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10.1
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Working Capital Loan Contract dated April 2, 2011 between Inner Mongolia Yongye Nongfeng Biotech Co., Ltd. and China Everbright Bank, Hohhot Branch (3)
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10.2
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Working Capital Loan Contract dated April 18, 2011 between Inner Mongolia Yongye Nongfeng Biotech Co., Ltd. and China Everbright Bank, Hohhot Branch (3)
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10.3
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Maximum Amount Guarantee Contract dated April 2, 2011 between Inner Mongolia Yongye Nongfeng Biotech Co., Ltd. and China Everbright Bank, Hohhot Branch (3)
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10.4
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Comprehensive Credit Facility Agreement dated April 2, 2011 between Inner Mongolia Yongye Nongfeng Biotech Co., Ltd. and China Everbright Bank, Hohhot Branch (3)
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10.5
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Securities Purchase Agreement among the Company, MSPEA Agriculture Holding Limited and Full Alliance International Limited, dated May 29, 2011. (2)
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10.6
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Stockholders’ Agreement between MSPEA Agriculture Holding Limited and Full Alliance International Limited, dated June 9, 2011 (2)
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10.7
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Pledge Agreement between MSPEA Agriculture Holding Limited and Full Alliance International Limited, dated June 9, 2011 (2)
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31.1
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Certification by the Chief Executive Officer pursuant to Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (4)
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31.2
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Certification by the Chief Financial Officer pursuant to Rule 13a-14(a)/15d-14(a of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002) (4)
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32.1
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Certification of the Chief Executive Officer pursuant 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (4)
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32.2
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Certification of the Chief Financial Officer pursuant 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (4)
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101
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The following financial statements from Yongye International Inc.’s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2011 formatted in XBRL (eXtensible Business Reporting Language): (i) the Consolidated Balance Sheets (unaudited); (ii) the Consolidated Statements of Income (unaudited); (iii) the Consolidated Statements of Stockholders’ Equity and Comprehensive Income (unaudited); (iv) the Consolidated Statements of Cash Flows (unaudited); and, (vi) the Notes to Consolidated Financial Statements, tagged as blocks of text.*
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*
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Pursuant to Rule 406T of Regulation S-T, the interactive files on Exhibit 101 hereto are deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, are deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise are not subject to liability under those sections.
|
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(1) Incorporated by reference herein to the Company’s Current Report on Form 8-K filed on June 10, 2011.
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(2) Incorporated by reference herein to the Company’s Current Report on Form 8-K filed on May 31, 2011.
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(3) Incorporated by reference herein to the Company’s Quarterly Report on Form 10-Q for the period ended March 31, 2011 filed on May 9, 2011.
|
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(4) Filed as an exhibit to the original Form 10-Q for the quarterly period ended June 30, 2011, filed August 9, 2011.
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Yongye International, Inc.
|
||
By:
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/s/ Zishen Wu
|
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Name: Zishen Wu
|
||
August 16, 2011
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Title: Chief Executive Officer and President (Principal
Executive Officer)
|
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By:
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/s/ Sam Yu
|
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Name: Sam Yu
|
||
Title: Chief Financial Officer (Principal Financial and
Accounting Officer)
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CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)
|
Jun. 30, 2011
|
Dec. 31, 2010
|
---|---|---|
Series A convertible redeemable preferred shares, par value | $ 0.001 | $ 0.000 |
Series A convertible redeemable preferred shares, shares authorized | 7,969,044 | 0 |
Series A convertible redeemable preferred shares, shares issued | 5,681,818 | 0 |
Series A convertible redeemable preferred shares, shares outstanding | 5,681,818 | 0 |
Common stock, par value | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 75,000,000 | 75,000,000 |
Common stock, shares issued | 49,370,711 | 48,187,044 |
Common stock, shares outstanding | 49,370,711 | 48,187,044 |
CONSOLIDATED STATEMENTS OF INCOME (USD $)
|
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2011
|
Jun. 30, 2010
|
Jun. 30, 2011
|
Jun. 30, 2010
|
|
Sales | $ 154,704,865 | $ 89,414,388 | $ 204,926,076 | $ 114,349,104 |
Cost of sales | 62,939,174 | 39,378,346 | 85,860,458 | 50,456,303 |
Gross profit | 91,765,691 | 50,036,042 | 119,065,618 | 63,892,801 |
Selling expenses | 29,152,923 | 16,343,330 | 36,834,243 | 22,631,333 |
Research and development expenses | 5,555,634 | 2,238,331 | 6,608,614 | 2,338,896 |
General and administrative expenses | 5,586,019 | 1,614,692 | 12,864,324 | 3,465,946 |
Income from operations | 51,471,115 | 29,839,689 | 62,758,437 | 35,456,626 |
Other income/(expenses) | Â | Â | Â | Â |
Interest expense | (291,751) | (21,614) | (309,862) | (37,554) |
Interest income | 16,860 | 14,343 | 27,164 | 22,825 |
Subsidy income | 655,071 | 286,074 | 655,071 | 324,472 |
Other income/(expenses), net | 26,560 | 821 | 101,619 | (86,360) |
Change in fair value of derivative liabilities | 83,435 | 156,936 | 413,587 | 169,470 |
Total other income/(expenses), net | 490,175 | 436,560 | 887,579 | 392,853 |
Earnings before income tax expense | 51,961,290 | 30,276,249 | 63,646,016 | 35,849,479 |
Income tax expense | 10,127,255 | 4,738,834 | 12,760,047 | 5,683,322 |
Net income | 41,834,035 | 25,537,415 | 50,885,969 | 30,166,157 |
Less: Net income attributable to the noncontrolling interest | 2,297,271 | 1,291,714 | 2,982,777 | 1,549,163 |
Net income attributable to Yongye International, Inc. | $ 39,536,764 | $ 24,245,701 | $ 47,903,192 | $ 28,616,994 |
Earnings per share: | Â | Â | Â | Â |
Basic earnings per common stock | $ 0.78 | $ 0.54 | $ 0.95 | $ 0.64 |
Diluted earnings per common stock | $ 0.77 | $ 0.54 | $ 0.94 | $ 0.64 |
Weighted average shares used in computation: | Â | Â | Â | Â |
Basic earnings per common stock | 49,276,070 | 44,578,011 | 48,734,565 | 44,555,252 |
Diluted earnings per common stock | 49,378,396 | 44,696,725 | 48,854,281 | 44,674,545 |
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