Published: July 12, 2005
YaSheng Group Releases Full Details of First Quarter 2005 Results
YaSheng Group (OTC: YHGG) published today
details of its financial results for the first quarter in 2005.
For the first quarter ending March 31, 2005, the company's operating income
was US$145,468,850 with net earnings of US$13,480,846.
Full details of the financial results for the period ending March 31, 2005
are published at:
https://www.otcstockinfo.com/repository/652475/652475_FR22.pdf
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 -- 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.
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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