SOURCE: Yasheng Group

August 18, 2008 08:00 ET

YaSheng Group Releases First Quarter 2008 Financial Results

REDWOOD CITY, CA--(Marketwire - August 18, 2008) - YaSheng Group (PINKSHEETS: YHGG) published today its first quarter 2008 financial statements.

For the first quarter ending March 31, 2008, the company's operating revenues rose to $161,971,265 and net earnings per share was $0.09 per share.

Full details of the financial results for the period ending March 31, 2008 can be viewed on the Internet at: http://pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=15849

About YaSheng Group:

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.

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.

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