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May 16, 2007 - 8:00 AM EDT          


YHGG 2.305   0.00  

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YaSheng Group Releases 2006 Year End Financial Results
YaSheng Group (PINKSHEETS: YHGG) published today its 2006 year end financial statements.

For the year ending December 31, 2006, the company's operating revenues rose to $648,054,466 and net earnings per share increased to .41 per share.

The company previously announced that it would withhold the financial statements until audits were completed under the more rigid recently implemented American standards of auditing but due to many shareholders requesting to see the statements based on the previous accounting policies, these statements have been released.

Full details of the financial results for the period ending December 31, 2006 can be viewed on the Internet at: yashenggroup.com/index-2.html

About YaSheng Group:

The YaSheng Group (PINKSHEETS: 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 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, YaSheng Group has 155,097,355 shares issued and outstanding as of December 1, 2006.

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.

Contact:
YaSheng Group
Investor Relations:
Tel: 650-363-8345
E-mail Contact: Email Contact





Source: Market Wire (May 16, 2007 - 8:00 AM EDT)

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Net Sales. Sales are generated primarily from our farming operations and related side line products in China. Net sales for the three months ended March 31, 2012 increased by $8.8 million, or 4.5% to $204.1 million as compared to $195.3 million for the three months ended March 31, 2011. The overall increase in net sales was primarily a result of the rising prices of agricultural products attributable to increasing demand in China. We also benefited from our expanded marketing network which covers more provinces, with more distributors and direct clients.

Cost of Goods Sold. Our cost of goods sold consists of the direct production costs such as raw materials, direct labor, overhead and miscellaneous other supplies. Costs were in line with sales due to continued heightened focus on cost control exercised throughout production, the increase in cost is mainly due to the growth in the net sales.

Gross Profit and Gross Margin. Our gross profit for the three months ended March 31, 2012 increased by $0.95 million or 4.46% to $22 million from $21 million for the three months ended March 31, 2011. The improved margin was primarily a result of the growth in the net sales.

Net Income. Our net income for the period grew to $20.7 million or $.13 per basic share from $19.8 million or $.13 per basic share for the prior-year period.






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MarketWire · Mehr Nachrichten von MarketWire
Yasheng Group Announces Strong Financial Results for the Full Year 2011

REDWOOD CITY, CA -- (Marketwire) -- 04/12/12 -- Yasheng Group (OTCQB: YHGG) (PINKSHEETS: YHGG) (XETRA: YSF), a high-growth diversified China-based agricultural company with US headquarters in California, today announced its financial results for the full year 2011.

----------------------------------------
                                        FY2011    FY2010
                 ----------------------------------------
                 Revenues             $   949.1 $   849.5
                 Net Income           $   114.1 $    97.4
                 EPS                  $     .74 $     .63
                 ----------------------------------------

Full Year 2011 Highlights

   * Sales increased 11.7 percent to $949.1 million
   * Gross profit increased 14.9 percent to $121.6 million
   * Net income was $114.1 million or EPS $.74, compared to $97.4 or EPS $.63 for the same period last year

Full Year 2011 Results

Revenues

We generate sales from our farm and side line products. Net sales for the year ended December 31, 2011 increased $99.68 million or 11.7% to $949.1 million as compared to $849.5 million for the year ended December 31, 2010. The increase in net sales was attributable to higher yields and a better product mix coupled with better pricing on agricultural products, particularly potatoes, vegetables, garlic, beans, and fruits. The price increases were driven by greater demand for our products in the domestic market. We also benefitted from expanded distribution channels serving this market.

Cost of Goods Sold

Our cost of goods sold consists primarily of the costs of our raw materials, labor, and overhead. Cost of sales for the year ended December 31, 2011 increased by a marginal $83.9 million, or 11.3%, to $827.5 million from $743.6 million for the year ended December 31, 2010. Due to the management's continued heightened focus on cost control exercised throughout production and the surge in the product prices, costs grew slower than sales, although our production was adversely affected by increased labor and sales costs year over year.

Gross Profit and Gross Margin

Our gross profit for the year ended December 31, 2011 increased $15.75 million or 14.9% to $121.6 million from $105.8 million for the year ended December 31, 2010. The improved margins were a result of better production yields and higher product pricing.

Net Income

Our net income for the year ended December 31, 2011, increased to $114 million or $.74 per share compared to $97.4 million or $.63 per share for the same period last year.

Yasheng Group

Yasheng Group, founded over 30 years ago, is a US holding company that conducts primarily agricultural operations in the Northwest of China. Today it is one of China's leading producers and marketers with six major product segments including field crops, vegetables, fruit, specialty crops, hops, hemp, seeds, beef and poultry. Yasheng is a supplier of high-quality agricultural products to world-famous conglomerates such as McDonald's, KFC, Tsingtao Beer, and Pepsi. The company is led by a highly qualified management team and has total assets of approximately $2.0 billion, over 15,000 employees, and a history of strong sales and earnings growth. Please visit our website www.yashenggroup.com and register to receive future press releases directly.