China Automotive Systems (CAAS) Tops Q3 EPS by 20c; Offers FY22 Revenue Guidance
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China Automotive Systems Reports a 26.8% Net Sales Increase in 2022 Third Quarter and 175% Diluted EPS Growth in First Nine Months
November 14, 2022 6:00 AM ESTQ3 Revenues in Brazil Grew by 51.9% year-over-year Amid Currency Headwinds
WUHAN, China, Nov. 14, 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 third quarter and nine months ended September 30, 2022.
 Third Quarter 2022 Highlights
Net sales increased by 26.8% to $137.2 million compared with $108.2 million in the third quarter of 2021;Electric power steering ("EPS") product sales... More