China Automotive Systems (CAAS) Tops Q4 EPS by 2c, Revenues Beat
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China Automotive Systems Reports Fourth Quarter and Fiscal 2019 Results
May 14, 2020 6:00 AM EDTWUHAN, China, May 14, 2020 /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, 2019.
Fourth Quarter 2019 Highlights
Net sales were $115.9 million compared with $124.3 million in the fourth quarter of 2018 Gross profit was $16.8 million compared with $11.4 million in the fourth quarter of 2018; gross margin was 14.5% compared with 9.6% in the fourth quarter of 2018 Net... More