REDWOOD CITY, CA -- 11/03/09 --
Yasheng Group (PINKSHEETS: YHGG), a leading agriculture company focused on the China market,
today reported financial results for the three months ended June
30, 2009.
For the second quarter ended June 30, 2009, gross profit
increased to $20,989,622, compared to $19,791,614 for the second
quarter of 2008. Net income was $19,687,110, or $0.13 per share,
for the second quarter of 2009, compared with net income of
$18,258,441, or $0.12 per share, for the second quarter of 2008.
The second quarter financial results are presented at below link:
http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=25667
About Yasheng Group:
Yasheng Group (PINKSHEETS: YHGG) is a diversified agriculture
conglomerate incorporated in California, operating hi-tech
agriculture as its core business with advantages in rich land,
advanced irrigation facilities, strong R&D, agro, and
biotechnology capabilities, as well as its competent workforce in
China. The company operates 6 major product segments including
field crops, vegetables, fruit, specialty crops, seeds, and
poultry. With total assets of approximately $1.7 billion USD and
over 15,000 employees, Yasheng Group has 155,097,355 shares
issued and outstanding as of June 30, 2009.
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:
Yasheng Group
Investor Relations
E-mail Contact: Email Contact
or
Email Contact
