China Automotive Systems: Q4 Earnings Snapshot
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JINGZHOU, China (AP) — JINGZHOU, China (AP) — China Automotive Systems Inc. (CAAS) on Thursday reported fourth-quarter net income of $10.9 million.
The Jingzhou, China-based company said it had net income of 36 cents per share.
The auto parts supplier posted revenue of $159.2 million in the period.
For the year, the company reported profit of $37.7 million, or $1.25 per share. Revenue was reported as $576.4 million.
The company’s shares closed at $3.37. A year ago, they were trading at $5.71.
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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