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//house-home.news-articles.net/content/2009/03/2 .. releases-its-2008-audited-financial-results.html
Published in House and Home on Monday, March 23rd 2009 at 6:03 GMT, Last Modified on 2009-03-23 06:03:48 by Market WireREDWOOD CITY, CA--(Marketwire - March 23, 2009) - YaSheng Group (
For fiscal 2008 the Company realized record revenues of $736.2 million, an increase of 12.3% versus fiscal 2007 revenues of $655.7 million, net income of $76.0 million for fiscal 2008, an increase of 6.1% versus fiscal 2007 net income of $71.3 million. Earning per share was 49 cents/share in 2008 versus 46 cents/share in 2007.
"Despite a challenging global economic environment in 2008," said Chairman Zhou Changsheng, "we continue to focus on growing our core products and businesses, and the company has achieved solid growth in our key markets."
As previously announced, as a result of the completion of its financials audited by a PCAOB registered audit firm, the company expects to proceed with its efforts on its public listing status on a major U.S. stock exchange.
The audited statements can be viewed here:
[ http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=19907 ]
About YaSheng Group:
YaSheng Group (
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.
