AP NEWS

China Automotive Systems: 3Q Earnings Snapshot

November 12, 2019 GMT

JINGZHOU, China (AP) _ China Automotive Systems Inc. (CAAS) on Tuesday reported third-quarter net income of $4.2 million.

On a per-share basis, the Jingzhou, China-based company said it had profit of 13 cents.

The auto parts supplier posted revenue of $100.5 million in the period.

China Automotive Systems expects full-year revenue of $430 million.

The company’s shares closed at $2. A year ago, they were trading at $2.21.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CAAS at https://www.zacks.com/ap/CAAS