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China Automotive Systems, Inc. (CAAS)

China
Auto Parts
NASDAQ
CAAS Price and Sentiment
1MO
1D
Positive, Negative
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CAAS Latest news
Zacks Investment Research
Positive
China Automotive Systems (CAAS) Q2 Earnings and Revenues Beat Estimates
2021-08-12 11:40

China Automotive Systems (CAAS) delivered earnings and revenue surprises of 42.86% and 2.05%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Pulse2
Positive
China Automotive Systems Shares Increase Over 7% Pre-Market: Why It Happened
2021-08-12 08:12

The shares of China Automotive Systems, Inc. (NASDAQ: CAAS) increased by over 7% pre-market. This is why it happened.

PRNewsWire
Neutral
China Automotive Systems Reports 45.0% Net Sales Increase in the Second Quarter of 2021
2021-08-12 07:00

WUHAN, China, Aug. 12, 2021 /PRNewswire/ -- China Automotive Systems, Inc. (NASDAQ: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced its unaudited financial results for the second quarter and six months ended June 30, 2021. Second Quarter 2021 Highlights Net sales rose 45.0% to $120.6 million from $83.2 million in the second quarter of 2020; Gross profit increased 102.6% to $15.8 million from $7.8 million in the second quarter of 2020; gross margin was 13.1% compared with 9.4% in the first quarter of 2020; Income from operations was $0.1 million, compare to a loss of $5.2 million in the second quarter of 2020; Net income attributable to parent company's common shareholders was $3.2 million, or diluted earnings per share of $0.10, compared to a net loss attributable to parent company's common shareholders of $4.1 million in the second quarter of 2020.

PRNewsWire
Neutral
China Automotive Systems to Announce Unaudited 2021 Second Quarter Financial Results on August 12, 2021
2021-08-10 16:10

WUHAN, China, Aug. 10, 2021 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS), a leading power steering components and systems supplier in China, today announced that it will issue unaudited financial results for the second quarter ended June 30, 2021, on Thursday, August 12, 2021, before the market opens. Management will conduct a conference call on August 12 th at 8:00 A.M.

Zacks Investment Research
Positive
China Automotive Systems (CAAS) to Report Q2 Results: Wall Street Expects Earnings Growth
2021-08-06 16:04

China Automotive Systems (CAAS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

PRNewsWire
Neutral
China Automotive Systems Announces Annual Meeting Conference Call on July 28, 2021
2021-07-19 07:00

WUHAN, China, July 19, 2021 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced the Annual Meeting of Stockholders of China Automotive Systems, Inc. (the "Company") will be held on Wednesday, July 28, 2021 at 9:00 AM local time at the Second Floor Meeting Room, D8 Henglong Building, Optics Valley Software Park, No. 1 Guanshan First Avenue, Wuhan City, Hubei Province, the People's Republic of China.

PRNewsWire
Neutral
China Automotive Systems Receives SGS TÜV Certification
2021-07-12 07:00

WUHAN, China, July 12, 2021 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced that its wholly owned subsidiary, Hubei Henglong Automotive Systems Group Co. Ltd. ("Henglong"), received the SGS TÜV ISO26262:2018 ASIL-D certification.

Benzinga
Neutral
China Automotive Develops New Steering System For Alfa Romeo's Hybrid SUV
2021-07-06 14:50

China Automotive Systems Inc (NASDAQ: CAAS) is developing a new steering system for Milan-based Alfa Romeo, a subsidiary of Dutch automotive manufacturing company Stellantis NV (NYSE: STLA).  The steering system is for Alfa Romeo's first luxury plug-in-hybrid SUV model, 2021 Tonale.

PRNewsWire
Neutral
China Automotive Systems Develops New Steering System for Alfa Romeo's First Subcompact Crossover EV
2021-07-06 07:00

WUHAN, China, July 6, 2021 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced that it has entered into the OTOP (Off Tool Off Process) phase of new steering development for the leading European auto brand, Alfa Romeo. This new steering system under development is for Alfa Romeo's first luxury plug-in-hybrid SUV model, 2021 Tonale.

GuruFocus
Positive
3 Capital-Intensive Stocks to Consider
2021-06-11 10:17

When looking for value opportunities amid capital-intensive businesses, investors could be interested in stocks whose price-to-tangible-book-value ratios are more appealing than their industry medians.

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