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Stock impact report

China Automotive Systems Reports Unaudited 2022 First Quarter

China Automotive Systems, Inc. (CAAS) 
Last china automotive systems, inc. earnings: 11/12 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: caasauto.com
Company Research Source: PR Newswire
WUHAN, China, May 23, 2022 /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 first quarter ended March 31, 2022.First Quarter 2022 HighlightsNet sales increased by 4.7% to $136.4 million from $130.3 million in the first quarter of 2021 Gross profit was $14.7 million with a gross margin of 10.8%, compared with $19.7 million and a 15.1% gross margin in the first quarter last year Loss from operations was $1.5 million compared with income from operations of $4.2 million in the first quarter of 2021 Net loss attributable to parent company's common shareholders was $0.06 million, or diluted loss per share of nil, compared to net income attributable to parent company's common shareholders of $3.2 million, or diluted income per share of $0.10 in the first quarter of 2021 Cash and cash equivalents, and pledged cash were $109.4 millio Show less Read more
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