YaSheng Group (HERB)

[RealDutch]

The increase in net assets in 2020 (roughly +$18M) is solely the result of a currency gain.

(The increase in "accumulated other income" is the same thing, also +$18M)

They used the exchange rate = 6.52 for 2020 (dec 31, 2020 rate). I don't know what it was a year earlier, but I can see in the chart that it must have been close to 7.00

(6.52/7.00 x $250M) = $233M
A difference of $17M
QED

We are seeing a similar effect for 2021 but not as extreme.

Another mystery solved.