China Automotive Systems Q3 Results: Strong Sales, Higher Revenue
Update: 2025-11-12
Description
China Automotive Systems, a leading power steering parts supplier, reported robust Q3 results, surpassing expectations with a 26% increase in gross profit and a 18% rise in total revenue. The companys shares soared over 10% in pre-market trading following the announcement. Strong sales in North America and Brazil, along with a new order from a European automaker, contributed to this growth. With $167.3 million in cash and a 75% increase in net income, the company is well-positioned for future success.
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