REDWOOD CITY, CA -- (Marketwire) -- 08/18/08 -- YaSheng Group (PINKSHEETS: YHGG) publishedtoday its first quarter 2008 financial statements.For the first quarter ending March 31, 2008, the company's operatingrevenues rose to $161,971,265 and net earnings per share was $0.09 pershare.
Full details of the financial results for the period ending March 31, 2008can 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 diversifiedconglomerate incorporated in Redwood City, California. The company'sinterests span the Agricultural, Chemical and Biotechnical sectors withcore operations in agricultural production, commercial trading, printingand dyeing, and pharmaceuticals. YaSheng is also a leading producer oftextiles, 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 saltmanufacturing. With total assets of approximately 1.5 billion USD and over15,000 employees. As of December 1, 2007, YaSheng Group has 155,097,355shares issued and outstanding.
Further information concerning YaSheng Group can be found on the corporatewebsite: http://www.yashenggroup.com/
Forward-Looking Statements:
Certain statements contained in this press release are forward-lookingstatements that involve risks and uncertainties. The statements containedherein that are not purely historical are forward-looking statements withinthe meaning of Section 27A of the Securities Act of 1933, as amended andSection 21E of the Securities Exchange Act of 1934, as amended.
Contact:
YaSheng Group
Investor Relations
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