China Automotive Systems: 2Q Earnings Snapshot
JINGZHOU, China (AP) _ China Automotive Systems Inc. (CAAS) on Thursday reported second-quarter profit of $2.5 million.
On a per-share basis, the Jingzhou, China-based company said it had profit of 8 cents.
The auto parts supplier posted revenue of $105.7 million in the period.
China Automotive Systems expects full-year revenue of $430 million.
The company’s shares closed at $2.01. A year ago, they were trading at $4.40.