SOURCE: Yasheng Group

April 24, 2008 05:41 ET

YaSheng Group Releases 2007 Year End Financial Results

REDWOOD CITY, CA--(Marketwire - April 24, 2008) - YaSheng Group (PINKSHEETS: YHGG) published today its annual 2007 financial statements.

For the year ending December 31, 2007, the company's operating revenue rose to $648,146,433 and net earnings was $0.42 per share.

Full details of the financial results for the period ending December 31, 2007 can be viewed on the Internet at: http://pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=14029

About YaSheng Group:

The YaSheng Group (PINKSHEETS: YHGG) is a diversified industrial conglomerate incorporated in Redwood City, California. The company operates in hi-tech agriculture, salt chemistry and biological technology as its core business, with advantages in rich land, mineral resources, capital and technology reserves.

Through three major industries, Agriculture, Chemical, and Biotechnology, the company's operating categories include: chemical engineering, agricultural production, biotech, pharmaceuticals, textile products, printing and dyeing, commercial trading, beverages and inorganic salt manufacturing. With total assets of approximately 1.5 billion USD and over 15,000 employees. As of December 1, 2007, YaSheng Group has 155,097,355 shares issued and outstanding.

YaSheng Group (PINKSHEETS: YHGG) is a highly successful diversified conglomerate incorporated in Redwood City, California. The company's interests span the Agricultural, Chemical and Biotechnical sectors with core operations in agricultural production, commercial trading, printing and dyeing, and pharmaceuticals. YaSheng is also a leading producer of textiles, consumer beverages and inorganic salts.

Further information concerning YaSheng Group can be found on the corporate website: http://www.yashenggroup.com/

Forward-Looking Statements:

Certain statements contained in this press release are forward-looking statements that involve risks and uncertainties. The statements contained herein that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended.

Contact Information

  • Contact:
    YaSheng Group
    Investor Relations
    E-mail Contact: Email Contact