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Sunday, July 17, 2005

YaSheng Group (YHGG) other stuff

YaSheng Group became a registered supplier to the UN.

They're hosting the 50th International Hop Grower's Congress in China. Also YaSheng registered with the US FDA to export hops and nutraceuticals to the US. North American exports should boost YaSheng's export sales by 20% this year.
Products are sold nationally and exported regularly to the U.S., Canada, Australia, Pakistan, Iran, and many major countries in Europe and Asia. Major exports include sodium sulfate, sodium sulfide, vinyl fibers, barley, hops, fine spirits, licorice root, black melon seed, livestock, and many more agricultural, biotechnology, and industrial products.
Revenues from exports to the US should start to be recognized in Q2. They're building a distribution center in Victorville, Calif.

This document covers more detail than the 2004 and 2003 financial statement below.

// posted by Bruce @ 5:52 PM
Comments:
I'm going to take a look at this one. I'm attracted to Chinese food companies, my ultra-sophisticated assessment being that there are a whole lot of people over there who need to eat and drink everyday...and improvement of diet is one of the first things that people do when they emerge from utter poverty. Valuation looks cheap at first blush. I bought some NWD (noodles/flour...way smaller than YaSheng) a few months ago at .81, now a buck, still looks pretty cheap.
# posted by Anonymous Anonymous : 7:46 PM, July 17, 2005
 
I should have thrown in some little tidbit like "MSG mining operations export 5,000 kg of MSG to the US."
# posted by Blogger Bruce : 8:29 PM, July 17, 2005
 
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