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Why China Automotive Systems Shares Are Shooting Higher Today

Why China Automotive Systems Shares Are Shooting Higher Today

为什么中国汽车系统股价今天飙升
Benzinga ·  03/28 09:28

China Automotive Systems, Inc (NASDAQ:CAAS) shares are trading higher after the company reported fourth-quarter FY23 sales growth of 23.6% year-on-year to $159.20 million.

中国汽车系统公司（纳斯达克股票代码：CAAS）股价走高，此前该公司报告称，23财年第四季度销售额同比增长23.6％，达到1.5920亿美元。

The gross profit margin expanded by 240 basis points Y/Y to 21.8%, and the gross profit climbed 38.8% to $34.7 million.

毛利率同比增长240个基点至21.8％，毛利增长38.8％，至3,470万美元。

The operating income for the quarter was $13.6 million versus an operating loss of $(2.6) million in the fourth quarter of 2022.

该季度的营业收入为1,360万美元，而2022年第四季度的营业亏损为260万美元。

The company held total cash and cash equivalents, pledged cash and short-term investments of $166.3 million at year end.

截至年底，该公司持有的现金及现金等价物、认捐现金和短期投资总额为1.663亿美元。

Net income attributable to the parent company's common shareholders rose by 153.5% to $10.9 million from $4.3 million last year.

归属于母公司普通股股东的净收益从去年的430万美元增长了153.5％，至1,090万美元。

The company reported an EPS of $0.36 compared to $0.14 last year.

该公司报告的每股收益为0.36美元，而去年为0.14美元。

"We expect our North America business to recover in 2024 and domestic China market to stabilize. We remain optimistic about our market positions as many of our Chinese OEM customers are preparing for aggressive global expansion," said CEO Qizhou Wu.

“我们预计我们的北美业务将在2024年复苏，中国国内市场将趋于稳定。我们对我们的市场地位保持乐观，因为我们的许多中国OEM客户正在为积极的全球扩张做准备。” 首席执行官吴启洲说。

Outlook: China Automotive Systems expects FY24 revenue of $605 million against an estimate of $593.11 million

展望：中国汽车系统预计24财年收入为6.05亿美元，而估计为5.9311亿美元

Price Action: CAAS shares are trading higher by 7.12% at $3.61 in premarket Thursday.

价格走势：周四盘前CAAS股价上涨7.12％，至3.61美元。

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