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WUHAN, China, May 12, 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 first quarter ended March 31, 2021.
First Quarter 2021 Highlights
Net sales rose 77.0% to $130.3 million from $73.6 million in the first quarter of 2020
Gross profit increased 75.9% to $19.7 million from $11.2 million in the first quarter of 2020; gross margin was 15.1% compared with 15.2% in the first quarter of 2020
Income from operations increased 320.0% to $4.2 million from $1.0 million in the first quarter of 2020
Net income attributable to parent company s common shareholders was $3.2 million, or diluted income of per share of $0.10, compared to net loss attributable to parent company s common shareholders of $0.03 million, in the first quarter of 2020
China Automotive Systems to Announce Unaudited 2021 First Quarter Financial Results on May 12, 2021
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WUHAN, China, May 6, 2021 /PRNewswire/
China Automotive Systems, Inc. (Nasdaq: CAAS), 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, 2021, on Wednesday, May 12, 2021, before the market opens. Management will conduct a conference call on May 12
th 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:
China Automotive Systems South American Unit Sales to Increase Approximately 200% In 2021
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WUHAN, China, April 15, 2021 /PRNewswire/
China Automotive Systems, Inc. (Nasdaq: CAAS) ( CAAS or the Company ), a leading power steering components and systems supplier in China, today announced that its joint venture, Brazil Henglong, expects an approximate 200% increase in its steering unit sales to its OEM customers in South America, primarily to Stellantis N.V., for the 2021 year.
Brazil Henglong has started to supply five new Stellantis vehicle models in 2021 increasing its total to 12 vehicle models. The Company supplies steering products for Stellantis s SUVs, pick-up trucks and sedans.
China Automotive Systems South American Unit Sales to Increase Approximately 200% In 2021 prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.