China Automotive Systems

China Automotive Systems Reports 17.4% Increase in Earnings Per Share in the First Quarter of 2024

Retrieved on:

Dienstag, Mai 14, 2024

Investment, Time in China, Government, ADAS, EPS, Growth, Research, G&A, CAAS, Sentience, China Automotive Systems, Advanced driver-assistance system

We remain confident in our sales growth in 2024, despite a slight decline in the 2024 first quarter.

Key Points:

We remain confident in our sales growth in 2024, despite a slight decline in the 2024 first quarter.
Net sales decreased by 2.0% to $139.4 million in the first quarter of 2024, compared to $142.2 million in the first quarter of 2023.
Interest expense was $0.3 million in the first quarter of 2024, compared to $0.2 million in the first quarter of 2023.
Diluted income per share was $0.27 in the first quarter of 2024, compared to net income per share of $0.23 in the first quarter of 2023.

China Automotive Systems to Announce Unaudited 2024 First Quarter Financial Results on May 14, 2024

Retrieved on:

Dienstag, Mai 7, 2024

China Automotive Systems, CAAS

WUHAN, China, May 7, 2024 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced that it will issue unaudited financial results for the first quarter ended March 31, 2024, on Tuesday, May 14, 2024, before the market opens.

Key Points:

WUHAN, China, May 7, 2024 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced that it will issue unaudited financial results for the first quarter ended March 31, 2024, on Tuesday, May 14, 2024, before the market opens.
Management will conduct a conference call on May 14th at 8:00 A.M. EDT/8:00 P.M. Beijing Time to discuss these results.
A question and answer session will follow management's presentation.
To participate, please call the following numbers 10 minutes before the call start time and ask to be connected to the "China Automotive Systems" conference call with pin 144876:
A replay of the call will be available on the Company's website in the investor relations section.

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

Retrieved on:

Donnerstag, März 28, 2024

Research, China Automotive Systems, Growth, EPS, CAAS, G&A, Public expenditure, Transport, CAAM, Statistics, OEM, Investment, GDP, Car, Video game

WUHAN, China, March 28, 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 fourth quarter and the audited results for the fiscal year ended December 31, 2023.

Key Points:

We posted a 24.6% increase in our electric power steering ("EPS") products which now accounts for 33.8% of total net sales in 2023.
In the fourth quarter of 2023, net sales increased by 23.6% to $159.2 million compared to $128.8 million in the same quarter of 2022.
Diluted income per share was $0.36 in the fourth quarter of 2023, compared to diluted income per share of $0.14 in the fourth quarter of 2022.
Diluted net income per share increased by 81.2% to $1.25 in 2023 compared to $0.69 in 2022.

China Automotive Systems to Announce Unaudited 2023 Fourth Quarter and Audited 2023 Year Financial Results on March 28, 2024

Retrieved on:

Freitag, März 15, 2024

China Automotive Systems, Time in China, CAAS, Cryptocurrency

WUHAN, China, March 15, 2024 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced that it will issue unaudited financial results for the fourth quarter ended December 31, 2023, on Thursday, March 28, 2024, before the market opens.

Key Points:

WUHAN, China, March 15, 2024 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced that it will issue unaudited financial results for the fourth quarter ended December 31, 2023, on Thursday, March 28, 2024, before the market opens.
Management will conduct a conference call on March 28th at 8:00 A.M. EDT/8:00 P.M. Beijing Time to discuss these results.
A question and answer session will follow management's presentation.
To participate, please call the following numbers 10 minutes before the call start time and ask to be connected to the "China Automotive Systems" conference call with pin 493763:
A replay of the call will be available on the Company's website in the investor relations section.

China Automotive Systems Reports a 29.2% Increase in Diluted Earnings Per Share Growth in the Third Quarter of 2023

Retrieved on:

Freitag, November 10, 2023

Income tax, GDP, EVS, China Automotive Systems, CAAS, Research, EPS, RMB, USD, Marketing, Growth, Statistics, Government, Energy, Video game, Holding company, Film industry, Cryptocurrency, Bookkeeping

Sales of both traditional hydraulic and EPS steering products were stable in the third quarter of 2023.

Key Points:

Sales of both traditional hydraulic and EPS steering products were stable in the third quarter of 2023.
In the third quarter of 2023, net sales increased slightly to $137.5 million, compared to $137.2 million in the same quarter of 2022.
Selling expenses represented 2.8% of net sales in the third quarter of 2023, compared to 2.9% in the third quarter of 2022.
Diluted income per share increased by 29.2% to $0.31 in the third quarter of 2023, compared to diluted income per share of $0.24 in the third quarter of 2022.

China Automotive Systems to Announce Unaudited 2023 Third Quarter Financial Results on November 10, 2023

Retrieved on:

Freitag, November 3, 2023

China Automotive Systems, CAAS, Cryptocurrency

WUHAN, China, Nov. 3, 2023 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced that it will issue unaudited financial results for the third quarter ended September 30, 2023 on Friday, November 10, 2023, before the market opens.

Key Points:

WUHAN, China, Nov. 3, 2023 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced that it will issue unaudited financial results for the third quarter ended September 30, 2023 on Friday, November 10, 2023, before the market opens.
Management will conduct a conference call on November 10th at 8:00 A.M. EST/9:00 P.M. Beijing Time to discuss these results.
A question and answer session will follow management's presentation.
To participate, please call the following numbers 10 minutes before the call start time and ask to be connected to the "China Automotive Systems" conference call with pin 235512:
A replay of the call will be available on the Company's website in the investor relations section.

China Automotive Systems Announces Annual Meeting on August 30, 2023

Retrieved on:

Dienstag, August 22, 2023

Cisco Webex, CAAS, China Automotive Systems, Shareholder, Henglong (former city), Storey, Republic, Annual general meeting

WUHAN, China , Aug. 22, 2023 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced the Annual Meeting of Stockholders of China Automotive Systems, Inc. will be held on Wednesday, August 30, 2023 at 9:00 AM local time at the Second Floor Meeting Room, D8 Henglong Building, Optics Valley Software Park, No. 1 Guanshan First Avenue, Wuhan City, Hubei Province, the People's Republic of China. The Company has also set up a conference room on August 29, 2023 at 9:00 PM at Henglong USA Corporation, 2546 Elliott Drive, Troy, Michigan, U.S., for the Company's shareholders to participate via a WebEx connection.

Key Points:

CAAS announces the conference call and webcast information for the Annual Meeting of Stockholders to be held on Wednesday, August 30, 2023 at 9:00 AM local time, or 9:00 PM EDT on August 29, 2023
WUHAN, China , Aug. 22, 2023 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced the Annual Meeting of Stockholders of China Automotive Systems, Inc. will be held on Wednesday, August 30, 2023 at 9:00 AM local time at the Second Floor Meeting Room, D8 Henglong Building, Optics Valley Software Park, No.
1 Guanshan First Avenue, Wuhan City, Hubei Province, the People's Republic of China.
The Company has also set up a conference room on August 29, 2023 at 9:00 PM at Henglong USA Corporation, 2546 Elliott Drive, Troy, Michigan, U.S., for the Company's shareholders to participate via a WebEx connection.
Shareholders may access the annual meeting by dialing U.S./Canada 1-408-792-6300, pin number 2631 595 2301 and ask for the China Automotive Systems AGM conference call.

China Automotive Systems Reports 90.0% Increase in Net Income Per Share to $0.57 in the First Six Months of 2023

Retrieved on:

Freitag, August 11, 2023

CAAS, China Automotive Systems, Housing, Tourism, Marketing, Policy, G&A, Research, USD, GDP, EPS, RMB, Arms industry, Video game, Security (finance), Pharmaceutical industry, Cryptocurrency, Bookkeeping

Income from operations was $7.8 million, compared to income from operations of $7.2 million in the second quarter of 2022.

Key Points:

Income from operations was $7.8 million, compared to income from operations of $7.2 million in the second quarter of 2022.
Cash and cash equivalents, and pledged cash were $125.5 million, or approximately $4.16 per share, as of June 30, 2023.
Other income, net was $2.0 million for the second quarter of 2023, compared to $2.8 million for the three months ended June 30, 2022.
Net financial income was $4.0 million in the second quarter of 2023, compared to net financial income of $2.5 million in the second quarter of 2022.

China Automotive Systems to Announce Unaudited 2023 Second Quarter Financial Results on August 11, 2023

Retrieved on:

Donnerstag, August 3, 2023

CAAS, China Automotive Systems, Cryptocurrency

WUHAN, China, Aug. 3, 2023 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced that it will issue unaudited financial results for the second quarter ended June 30, 2023 on Friday, August 11, 2023, before the market opens.

Key Points:

WUHAN, China, Aug. 3, 2023 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced that it will issue unaudited financial results for the second quarter ended June 30, 2023 on Friday, August 11, 2023, before the market opens.
Management will conduct a conference call on August 11th at 8:00 A.M. EDT/8:00 P.M. Beijing Time to discuss these results.
A question and answer session will follow management's presentation.
To participate, please call the following numbers 10 minutes before the call start time and ask to be connected to the "China Automotive Systems" conference call with pin 235847:
A replay of the call will be available on the Company's website in the investor relations section.

China Automotive Systems' Unaudited Diluted Income Per Share Climbs to $0.23 in the First Quarter of 2023

Retrieved on:

Freitag, Mai 12, 2023

Net sales increased by 4.3% to $142.2 million in the first quarter of 2023, compared to $136.4 million in the first quarter of 2022.

Key Points:

Net sales increased by 4.3% to $142.2 million in the first quarter of 2023, compared to $136.4 million in the first quarter of 2022.
Net other income was $1.5 million for the first quarter of 2023, compared to $3.5 million for the first quarter of 2022.
The 2023 first quarter income was primarily due to higher gross profits and lower operating expenses compared with the first quarter of 2022.
Diluted income per share was $0.23 in the first quarter of 2023, compared to net loss per share of nil in the first quarter of 2022.