SOURCE: Yasheng Group

November 15, 2007 08:00 ET

YaSheng Group Releases Third Quarter 2007 Financial Results

REDWOOD CITY, CA--(Marketwire - November 15, 2007) - YaSheng Group (PINKSHEETS: YHGG) published today its third quarter 2007 financial statements.

For the third quarter ending September 31, 2007, the company's operating revenues rose to $185,444,998 and net earnings per share was .10 per share.

Net income                      $  15,375,889   $  14,646,490
Foreign currency translation
 adjustment
Comprehensive income            $  15,375,889   $  14,646,490
EPS - basic                     $        0.10   $        0.09
EPS - diluted                   $        0.10   $        0.09

Full details of the financial results for the period ending March 31, 2007 can be viewed on the Internet at: http://pinksheets.com/otciq/ajax/showFinancialReportById?id=12784

About YaSheng Group:

The YaSheng Group (PINKSHEETS: YHGG) is a diversified industrial conglomerate incorporated in Redwood City, California, 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, YaSheng Group has 155,097,355 shares issued and outstanding as of December 1, 2007.

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