China Automotive Systems (CAAS) Tops Q4 EPS by 1c
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China Automotive Systems Announces Record Net Sales for the 2014 Fourth Quarter and Fiscal Year
March 26, 2015 5:00 AM EDTWUHAN, China, March 26, 2015 /PRNewswire/Â -- China Automotive Systems, Inc. ("CAAS" or the "Company") (NASDAQ: CAAS), 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 fiscal year ended December 31, 2014.
Fourth Quarter 2014 Highlights
Net sales increased by 4.7% to a record high of $135.3 million, compared to $129.2 million in the fourth quarter of 2013. Gross profit increased by 7.1% to $24.0 million, compared to $22.4 million in the fourth quarter of 2013; gross margin rose to 17.7%,... MoreXueda Education Group Announces Appointment of New Independent Director
March 26, 2015 4:00 AM EDTBEIJING, March 26, 2015 /PRNewswire/ -- Xueda Education Group (NYSE: XUE) ("Xueda" or the "Company"), a leading national provider of personalized tutoring services for primary and secondary school students in China, today announced the appointment of Arthur Wong as an independent director to the board of directors of the Company. Mr. Wong will also serve on the audit committee of the Company.
Mr. Wong currently serves as the chief financial officer of Radio Cultural Transmission Co., Ltd. ("Beijing Radio"), a music production and music data management services company.  Prior to joining... More
