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China Automotive Systems Q1 2023 Earnings Report

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$4.08 -0.10 (-2.27%)
As of 09:50 AM Eastern
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China Automotive Systems EPS Results

Actual EPS
$0.23
Consensus EPS
$0.12
Beat/Miss
Beat by +$0.11
One Year Ago EPS
N/A

China Automotive Systems Revenue Results

Actual Revenue
$142.24 million
Expected Revenue
$142.67 million
Beat/Miss
Missed by -$430.00 thousand
YoY Revenue Growth
N/A

China Automotive Systems Announcement Details

Quarter
Q1 2023
Time
Before Market Opens

China Automotive Systems Earnings Headlines

You won’t believe where OpenAI billionaire is investing now
Billionaire Sam Altman has become one of the most powerful men in the world by running OpenAI… But there’s a far lesser known investment he’s making that could put OpenAI to shame. In fact this Sam Altman-backed company could actually become a crucial partner for OpenAI… And the US Military… not to mention hundreds of other giant companies around the globe. To make the story even crazier… this company only recently became viable, thanks to an obscure piece of legislation that President Trump signed before he left office… Which ordered the government to take this incredible new technology seriously.
China Automotive Systems Inc
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About China Automotive Systems

China Automotive Systems (NASDAQ:CAAS), through its subsidiaries, manufactures and sells automotive systems and components in the People's Republic of China, the United States, and internationally. It produces rack and pinion power steering gears for cars and light-duty vehicles; integral power steering gears for heavy-duty vehicles; power steering parts for light duty vehicles; sensor modules; automobile steering systems and columns; and automobile electronics and systems and parts. The company also offers automotive motors and electromechanical integrated systems; polymer materials; and intelligent automotive technology research and development services. In addition, it provides after sales services, and research and development support services; and inspection and testing of automotive products, as well as markets automotive parts in North America. The company primarily sells its products to the original equipment manufacturing customers. China Automotive Systems, Inc. is headquartered in Jingzhou, the People's Republic of China.

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