re: YHGG - yes, I follow it but somehow missed today's PR !! .10 for the quarter sure seems juicy. Now if they could just get off the pinks (and answer my emails!), we'd be in line for $10+
Trailing EPS is $.41 and book value is about $7.83(!). With over $700M in revenues and equity of $1B+, YHGG is definitely worth a gamble. A wild card in the story is that the company owns 365M shares of Ganshu YaSheng Industrial, which is publicly traded in China. Gansu closed trading today at $6.62/share, valuing YHGG's stake at $2.4B = over $15/per YHGG share!!
(COMTEX) B: YaSheng Group Releases Third Quarter 2007 Financial Results ( arket Wire ) B: YaSheng Group Releases Third Quarter 2007 Financial Results ( Market Wire )
REDWOOD CITY, CA, Nov 15, 2007 (MARKET WIRE via COMTEX) -- YaSheng Group (PINKSHEETS: YHGG) published today its third quarter 2007 financial statements.
For the third quarter ending September 31, 2007, the company's operating revenues rose to $185,444,998 and net earnings per share was .10 per share. Net income $ 15,375,889 $ 14,646,490 Foreign currency translation adjustment Comprehensive income $ 15,375,889 $ 14,646,490 EPS - basic $ 0.10 $ 0.09 EPS - diluted $ 0.10 $ 0.09
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, 2007.
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. Contact: YaSheng Group Investor Relations E-mail Contact: Email Contact
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