SOURCE: Yasheng Group

August 16, 2005 06:00 ET

YaSheng Group Reports Second Quarter Revenues of US$196,012,453

REDWOOD CITY, CA -- (MARKET WIRE) -- August 16, 2005 -- YaSheng Group (OTC: YHGG), with second quarter revenues of US$196,012,453, published today details of its financial results for the second quarter in 2005.

For the second quarter ending June 30, 2005, the company's operating income rose to US$196,012,453 with net earnings increasing to US$22,688,136, or .15 per share, an increase of 15.38%, versus .13 per share for the same quarter in 2004, based on 155,097,355 issued and outstanding shares.

Full details of the financial results for the period ending June 30, 2005 are published at:

About YaSheng Group:

The YaSheng Group (OTC: 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 its 136 subsidiaries, the company operating categories include: chemical engineering, agricultural production, biotech, pharmaceuticals, textile products, printing and dyeing, commercial trading, beverages and inorganic salt manufacturing.

YaSheng Group produces over 51 major products in the northwest of China, seven of which have received the national "Green Award" for the environment and health. The company is recognized nationally for meeting all industry quality and environmental standards. Products are sold nationally and exported regularly to the U.S., Canada, Australia, Pakistan, Iran, and many major countries in Europe and Asia. Major exports include sodium sulfate, sodium sulfide, vinyl fibers, barley, hops, fine spirits, licorice root, black melon seed, livestock, and many more agricultural, biotechnology, and industrial products. 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, 2004. Further information concerning YaSheng Group can be found on the corporate website --

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. Forward-looking statements deal with the Company's current plans, intentions, beliefs and expectations and statements of future economic performance. Statements containing terms like "believes," "does not believe," "plans," "expects," "intends," "estimates," "anticipates" and other phrases of similar meaning are considered to imply uncertainty and are forward-looking statements.

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