Gansu Yasheng Industrial (Group) Co. Ltd. has recently grown rapidly especially in its core business areas of intensive ,value added agriculture and chemical industries . In the comparison among the top 1000 largest conglomerates of China in 2002, Yasheng Group ranked as No. 924th.
The total assets of Yasheng Group is 1.533 billion USD. and 15,500 employees. Liabilities ratio up to Sep. 30 2003 is 29.51%, The corporation has ten second class subsidiaries and 126 third class subsidiaries.
Despite the tough competition, prominent achievements have been created with persevering effort of all members of Yasheng Group.
The structure of Yasheng Group:
According to Chinese characteristics, Yasheng endeavors to lead the way in agriculture modernization among West provinces. With its strong financial support, prominent achievements have been made.
The incorporation of joint venture drip-irrigation plant by Yamit and Yasheng, with production capacity over 120 million meters per year, covering 23% of domestic market, now a leading irrigation manufacturer in quality and hi-tech throughout the country.
The completion of 4333 Ha drip-irrigation base upgrades the company into a fully modernized, precision agriculture enterprise, beneficial for local water conservancy and a laudable demonstration to the provincial agriculture fields.
The completion of 15.73 Ha modern glasshouse in cooperation with Spanish ACM, the first industrialized cultivation base biggest in scale and most advanced in hi-tech.
The further introduction of new varieties and new method of culture enables farming industrialization of hops, beer-barley, black melon-seeds, wheat, corn, non-poison potatoes, and quality fruits.
The operation of these projects not just upgrades Yasheng itself into a modern hi-tech leader but paved a new way for agriculture development in the province and over Northwest China.
Yasheng wholly owns mirabilite reserves in excess of 30 million tons, which back supported the growth of Yasheng salt industry, and further strengthened its core productions for yellow-flake sodium sulfide, sodium sulfate, caustic soda, and vinylon.
According to national consolidated index of chemical industry, among the same industries, Yasheng inorganic salt chemicals ranked the second, yellow-flake sodium sulfide the first, covering 91% domestic market, both products were certified as The Leading Products in Gansu and approved by ISO9002 certification.
Positive results are also in display from national financial statistics for chemical industries, profit & tax for Yasheng inorganic salt products are up to 12 million USD, ranked the third in the country, enterprise assets 133,982,947 USD, ranked the fourth, sales income 28.3 million, ranked the fifth, profit 9.74 million USD the second.
In order to maintain its leading position in huge investments have been input domestic market, in the fields of the technical innovation of sodium sulfide production, and production enlargement for 20 thousand MT caustic soda by ionic membrane exchange method, and construction for nanometer carbon white.
Further investments are imposed to build up Yasheng Biological & Pharmaceutical Plant producing new healthy medicine YIBAOKANG, a prohibition for growth of human cancer cells. The new medicine has been launched into market with great expectation to human health. And Carotene Production Base built for extracting natural carotene from condensed brine, ranked the first in the country and the second in the world.
For sake of future expansion, Yasheng highly regards its reserve on intellectuals. In year 2000, Post-doctorate Station had been set up, approved by Ministry of Personnel Management. A Green Genetic Research Center was jointly founded by Yasheng and National Science Academy Genetic Biology Dept.
To strengthen its scientific research, Yasheng has organized its own Science Academy Research Center for biology and R&D for hi-tech agriculture. Senior intellectuals have been recruited to head these projects, 2 researchers, 13 post doctors, 4 doctors, 4 professors, 61 M.A. employees, and other 2142 professional technicians.
Yasheng maintains its foreign business ties with numerous companies from 17 countries, and carries on academic exchanges from 41 countries. There are some 9 international companies, with annual turn-over 10 billion Dollars, carry on cooperation and trade activities with Yasheng, who are Uhde, Barth, Yamit etc.
Yasheng Foreign Trade Group and International Shipping Company, who are Yasheng subsidiaries, keep an annual turn-over at foreign trade over 21 million Dollars, and income over 24.36 million USD, one of the biggest provincial companies in term of foreign trade volume.
There have been 8 series in 52 products to contribute Yasheng product-portfolio, in which 12 products graded into Leading Products in Gansu, 9 products as national Green Food, 4 products have been acquired ISO9002 certification. Large portion of the market has been covered both in domestic region and some 14 foreign countries, such as UK, U.S. and Japan.
Envisaging the opportunity and challenges at the beginning of new millenium and with Chinese entry of WTO and particularly the Great Development of West China, Yasheng is confident for its further social contribution and expectation of the company expansion with its encouraging accomplishments:
The industrialized production of yellow-flake sodium sulfide and carotene, the commissioning of 4 patent products, the implementation of 3 technology innovations, the starting production of anti-aftosa fodder, YS-Ⅱdiabetic pills, anti-thrombosis agent, hypertensive pills and fully soluble NPK fertilizer, water preserving agent.
Click Here to watch all the certificates Yasheng Group obtained.
Referrence attatched:
Financial Statements for Gansu Yasheng Industrial (Group) Co.,Ltd. a listed company in China Shanghai Stock Exchange and a subsidiary of Yasheng Group. Click Financial statements.
Note:The other information will be provided later.
