China Automotive Systems : Q2 Earnings Snapshot


JINGZHOU, China (AP) — JINGZHOU, China (AP) — China Automotive Systems Inc. (CAAS) on Friday reported second-quarter earnings of $10.5 million.

On a per-share basis, the Jingzhou, China-based company said it had net income of 35 cents.

The auto parts supplier posted revenue of $137.4 million in the period.

China Automotive Systems expects full-year revenue of $560 million.

China Automotive Systems shares have decreased 9% since the beginning of the year. The stock has increased 79% in the last 12 months.


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