China Automotive Systems (CAAS) Tops Q3 EPS by 19c, Offers FY23 Revenue Guidance

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China Automotive Systems Reports a 29.2% Increase in Diluted Earnings Per Share Growth in the Third Quarter of 2023

November 10, 2023 6:00 AM EST

WUHAN, China, Nov. 10, 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 third quarter and nine months ended September 30, 2023.

Third Quarter 2023 Highlights

Net sales increased slightly to $137.5 million, compared to $137.2 million in the third... More