accompanying unaudited condensed consolidated financial statement (statements) have been prepared in accordance
with generally accepted accounting principles for interim financial information and in accordance with the instructions to Form
10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally
accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting only
of normal recurring accruals) considered necessary for a fair presentation have been included.
results for the period are not necessarily indicative of the results that may be expected for the full year. These statements
should be read in conjunction with the consolidated financial statements and footnotes thereto included in Yasheng Group's Form
10-K. The statements are prepared in accordance with accounting principles generally accepted in the United States of America
(US GAAP). All necessary adjustments have been made to present the financial statements in accordance with US GAAP.
Group (The Company) is a California corporation with primary operations in China. The Company produces and markets
high-quality farming and sideline products including livestock and poultry. It also designs, develops and markets new technologies
related to agriculture.
offerings include 30+ major agriculture goods under 6 major product categories which include: field crops: cotton,
corns, barley, wheat, flax, alfalfa; vegetables: onions, potatoes, beet, and peas; fruit trees: apples,
pears, apricots; specialty crops: hops, wolfberries, cumin, liquorices; seeds: black melon seeds,
sunflower seeds, corn seeds, flax seeds; poultry: eggs.
sells its products through an extensive nationwide sales and distribution network covering 18 provinces and over 100 cities in
China. Products are also sold directly to food processors as well as processed internally by the company and then resold to supermarkets
or other distributors, or further processed for retail food distribution. The Company also sells many of its products fresh
within Gansu province as well as nationally to food processors and distributors, or directly to supermarkets. Customers are based
primarily in China and include national and international leading companies. Products are also sold as feed for livestock,
ingredients for Chinese traditional medicines as well as other important ingredients in the food industry.