---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-060837"
form_type: "8-K"
ticker: null
cik: "0001157762"
company_name: "CHINA AUTOMOTIVE SYSTEMS INC/2"
filed_at: "2024-05-14T23:59:59+00:00"
generated_at: "2026-06-02T00:18:40.488539+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-24-060837
- form_type: 8-K
- cik: 0001157762
- company_name: CHINA AUTOMOTIVE SYSTEMS INC/2
- filed_at: 2024-05-14T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1157762/000110465924060837/0001104659-24-060837-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1157762/000110465924060837/tm2414249d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-060837
- JSON: https://secwatch.observer/filing/0001104659-24-060837.json
- Plain text: https://secwatch.observer/filing/0001104659-24-060837.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1157762/000110465924060837/0001104659-24-060837-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.