Sorl Auto Parts (SORL) Tops Q1 EPS by 21c
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SORL Auto Parts Reports a 37.4% Increase in Sales and a Significant Increase in EPS for the First Quarter of 2017
May 15, 2017 6:00 AM EDTZHEJIANG, China, May 15, 2017 /PRNewswire/ -- SORL Auto Parts, Inc. (NASDAQ: SORL)Â ("SORL" or the "Company"), a leading manufacturer and distributor of automotive brake systems as well as other key safety-related auto parts in China, announced today its unaudited financial results for the first quarter ended March 31, 2017.
 First Quarter 2017 Financial Highlights
Net sales for the 2017 first quarter increased by 37.4% to $73.9 million from $53.8 million in the first quarter of 2016;Â Gross profit increased by 42.4% with the gross margin rising to 27.8% from 26.8% in the first quarter of 2016;Â Net Income... More