China Growth Stocks

[researcher59]

YHGG (0.65) is the only China pinksheet I currently own. Just a tiny position since it's so thinly traded and there are no filings. PE is barely over 1 based on their latest earnings report released this morning. EPS of $0.15 for Q3 and $0.39 for 9 months. Hard to know how legitimate this is !

http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=27069

REDWOOD CITY, CA -- (Marketwire) -- 12/21/09 -- 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/