China Automotive Systems (CAAS) Tops Q4 EPS by 16c
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China Automotive Systems Reports Fourth Quarter and Fiscal Year 2021 Results
March 30, 2022 6:00 AM EDTWUHAN, China, March 30, 2022 /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, 2021.
Fourth Quarter 2021 Highlights
Net sales declined by 5.3% to $138.8 million from $146.5 million in the fourth quarter of 2020 Gross margin was 14.2% compared with 15.6% in the fourth quarter of 2020 Income from operations was $0.6 million compared to loss from operations of $4.0... More