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.
The Associated Press