The company expects earnings per share for fiscal 2011 to fall in the range of $.72 to $.74, with sales expected to reach $976 million. "We anticipate delivering another strong year this year with increases in both revenues and earnings growing in the range of 15%. We will remain focused on meeting the demands of the Chinese marketplace while expanding our footprint throughout the world. Finally, we owe our continued success to our employees whose commitment to excellence will enable Yasheng to continue generating increases in sales and earnings."
Yasheng's business development managers expect the company to become a key player competing with the major international seed companies trying to penetrate the Chinese seed market. Through continued international cooperation and an increased invest into R&D, the company has the ability to excel in taking market share by utilizing their vast resources, access to land, manpower, know-how, and relationships.
The Company expects to announce a date soon for its annual shareholders' meeting. At that time the Company will more fully discuss its business plans, including its efforts to have Yasheng's securities listed on a major exchange.