China Automotive Systems (CAAS) Tops Q1 EPS by 12c; Offers FY23 Revenue Guidance

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China Automotive Systems' Unaudited Diluted Income Per Share Climbs to $0.23 in the First Quarter of 2023

May 12, 2023 6:00 AM EDT

WUHAN, China, May 12, 2023 /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 first quarter ended March 31, 2023.

First Quarter 2023 Highlights

Net sales increased by 4.3%... More