China Automotive Systems Reports 17.4% Increase in Earnings Per Share in the First Quarter of 2024 [Yahoo! Finance]
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China Automotive Systems, Inc. (CAAS)
Last china automotive systems, inc. earnings: 11/12 06:00 am
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Source: Yahoo! Finance
and systems supplier in China , today announced its unaudited financial results for the first quarter ended March 31, 2024 First Quarter 2024 Highlights Net sales were $139.4 million Gross profit increased by 11.6% to $24.1 million with a gross margin of 17.3%, compared with $21.6 million of gross profit and a 15.2% gross margin in the first quarter of 2023 Income from operations increased by 26.0% to $9.7 million compared with $7.7 million in the first quarter of 2023 Diluted income per share increased by 17.4% to , compared to diluted income per share of in the first quarter of 2023 Cash, cash equivalents, and short-term investments were $135.8 million as of March 31, 2024 Net cash provided by operating activities was $10.5 million in the first quarter of 2024 compared to net cash used of $1.4 million in the first quarter of 2023. Mr. Qizhou Wu, chief executive officer of CAAS, commented, "We are pleased with achieving higher gross profit, income from operations, dil
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News
- Returns Are Gaining Momentum At China Automotive Systems (NASDAQ:CAAS) [Yahoo! Finance]Yahoo! Finance
- China Automotive Systems, Inc. (NASDAQ: CAAS) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- China Automotive Systems. Goes Unnoticed For Too Long [Seeking Alpha]Seeking Alpha
- China Automotive Systems, Inc. (NASDAQ: CAAS) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- China Automotive Systems Reports 17.4% Increase in Earnings Per Share in the First Quarter of 2024PR Newswire
CAAS
Sec Filings
- 5/14/24 - Form 8-K
- 5/14/24 - Form 10-Q
- CAAS's page on the SEC website