China Automotive Systems Reports Fourth Quarter and Fiscal Year 2020 Results
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, March 30, 2021 /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, 2020.Fourth Quarter 2020 HighlightsNet sales rose 26.4% to $146.5 million from $115.9 million in the fourth quarter of 2019 Gross profit increased 35.7% to $22.8 million from $16.8 million in the fourth quarter of 2019; gross margin increased to 15.6% compared with 14.5% in the fourth quarter of 2019 An increase in general and administrative expenses was primarily due to a one-time, non-recurring $6.4 million expected credit loss provision related to the bankruptcy and reorganization proceedings of the Company's customer, Brilliance Auto Net loss attributable to parent company's common shareholders was $3.2 million, or diluted loss per share of $0.10, compared to net inco
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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