China Automotive Systems Q1 diluted EPS up 17.4% to $0.27; gross profit +11.6%

CHINA AUTOMOTIVE SYSTEMS INC/2

2024-Q1 EPS reported $0.27 revenue$139,394,000

Net sales $139.4M (-2% YoY); gross margin improved to 17.3% from 15.2%.
Income from operations $9.7M (+26%); net income attributable to parent $8.3M vs $6.8M.
Cash, cash equivalents & short-term investments $135.8M; operating cash flow $10.5M vs -$1.4M.
EPS sales 34% of total; Brazil sales +17.6%, North America -12.4% due to Stellantis.
Full-year 2024 revenue guidance reaffirmed at $605M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CHINA AUTOMOTIVE SYSTEMS INC/2 reported first quarter ended March 31, 2024 results: revenue $139.4 million, EPS $0.27.

Period: first quarter ended March 31, 2024
Revenue: $139.4 million
EPS: $0.27
Result: reported results

Exact text from the filing

and systems supplier in China, today announced its unaudited financial results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights ● Net sales were $139.4 million ● Gross profit increased by 11.6% to $24.1 million with a gross margin of 17.3%, compared with $21.6 million of gross profit and a 15.2% gross margin in the first quarter of

View on SEC.gov

1047 earnings releases filed in the last 30 days. Browse all earnings releases →

Source: SEC EDGAR

accession 0001104659-24-060837

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.