China Automotive Systems Reports a 91.7% Increase in Diluted Net Income Per Share in Fiscal Year 2022
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
- Electric Power Steering ("EPS") Sales Increased by 35.6% in 2022 -WUHAN, China, March 30, 2023 /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 fourth quarter and the audited results for the fiscal year ended December 31, 2022.Fourth Quarter 2022 HighlightsNet sales were $128.8 millionGross profit increased by 26.9% to $25.0 million from $19.7 million. Gross margin increased to 19.4% from 14.2% in the fourth quarter of 2021Loss from operations was $2.6 million, compared to income from operations of $0.6 million in the fourth quarter of 2021Net income attributable to parent company's common shareholders was approximately $4.3 million, or diluted net income per share of $0.14, compared to net income of $5.0 million, or diluted income per share of $0.16 in the fourth quarter of 2021.Fiscal Year 2022 HighlightsNet sales incre
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News
- China Automotive Systems, Inc. (NASDAQ:CAAS) Q4 2023 Earnings Call Transcript [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 Reports Record Annual Revenue, and a 81.2% Increase in Diluted Net Income Per Share to $1.25 in Fiscal Year 2023 [Yahoo! Finance]Yahoo! Finance
- China Automotive Systems Reports Record Annual Revenue, and a 81.2% Increase in Diluted Net Income Per Share to $1.25 in Fiscal Year 2023PR Newswire
- China Automotive Systems, Inc. (NASDAQ: CAAS) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
CAAS
Earnings
- 5/12/23 - Beat
CAAS
Sec Filings
- 3/28/24 - Form 8-K
- 3/28/24 - Form 10-K
- CAAS's page on the SEC website