China Automotive Systems: Q1 Earnings Snapshot
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China Automotive Systems: Q1 Earnings Snapshot

Last Updated May 12, 2021 at 7:25 am ADT

JINGZHOU, China (AP) _ China Automotive Systems Inc. (CAAS) on Wednesday reported first-quarter net income of $3.2 million.

The Jingzhou, China-based company said it had profit of 10 cents per share.

The auto parts supplier posted revenue of $130.3 million in the period.

China Automotive Systems expects full-year revenue of $485 million.

The company’s shares closed at $4.17. A year ago, they were trading at $1.71.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CAAS at https://www.zacks.com/ap/CAAS

The Associated Press

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