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Yasheng Group Reports 2009 Third Quarter Financial Results

^{Published on 2009-12-21 05:40:10 - Market Wire}
 

REDWOOD CITY, CA--(Marketwire - December 21, 2009) - Yasheng Group (PINKSHEETS: [ YHGG ]), a leading agriculture company focused on the China market, today reported financial results for the nine months ended September 30, 2009.

For the nine months ending September 30, 2009, net sales increased to $539,785,348, compared to $534,970,841 for the first nine months of 2008. Net income was $ .39 per share for the same periods in both years.

The third quarter financial results are presented at below link: [ http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=27069 ]

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 September 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.