China Automotive Systems Reports Sales Increased by 19.4% in the Third Quarter of 2024
China Automotive Systems, Inc. (CAAS)
Last china automotive systems, inc. earnings: 11/12 06:00 am
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caasauto.com
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Source: PR Newswire
WUHAN, China, Nov. 13, 2024 /PRNewswire/ -- China Automotive Systems, Inc. (NASDAQ: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced its unaudited financial results for the third quarter and nine months ended September 30, 2024.Third Quarter 2024 HighlightsNet sales rose 19.4% year-over-year to $164.2 million from $137.5 million in the third quarter of 2023.Gross profit increased by 6.5% year-over-year to $26.4 million from $24.8 million in the third quarter of 2023; gross margin was 16.0% in the third quarter of 2024 compared to 18.0% in the third quarter of 2023.Income from operations was $11.1 million for the third quarter of 2024, a nearly 10.0% increase compared to $10.2 million for the three months ended September 30, 2023.Net income attributable to parent company's common shareholders was $5.5 million, or diluted earnings per share of $0.18.First Nine Months of 2024 HighlightsNet sales grew by 10.8% year-over-ye
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News
- China Automotive Systems Announces Share Repurchase Program Up To $5 Million [Yahoo! Finance]Yahoo! Finance
- China Automotive Systems Announces Share Repurchase Program Up To $5 MillionPR Newswire
- China Automotive Systems Third Quarter 2024 Earnings: EPS: US$0.18 (vs US$0.31 in 3Q 2023) [Yahoo! Finance]Yahoo! Finance
- China Automotive Systems to Announce Unaudited 2024 Third Quarter Financial Results on November 13, 2024PR Newswire
- China Automotive Systems: Revenue And Profitability Growth Not Converting To Cash Flows [Seeking Alpha]Seeking Alpha
CAAS
Sec Filings
- 11/13/24 - Form 8-K
- 11/13/24 - Form 10-Q
- 9/25/24 - Form 8-K
- CAAS's page on the SEC website