What's Going On With China Automotive Stock After Posting Lower Product Sales To Stellantis In Q1?
What's Going On With China Automotive Stock After Posting Lower Product Sales To Stellantis In Q1?
China Automotive Systems, Inc. (NASDAQ:CAAS) reported first-quarter earnings per share of 27 cents, up from 23 cents year over year.
中國汽車系統有限公司（納斯達克股票代碼：CAAS）公佈的第一季度每股收益爲27美分，高於同比23美分。
Net sales were $139.4 million, down 2% year over year. Net sales of traditional steering products and parts were $92 million, down from $94.4 million year over year, while those from electric power steering products and parts were $47.4 million, almost flat.
淨銷售額爲1.394億美元，同比下降2％。傳統轉向產品和零件的淨銷售額爲9200萬美元，低於同比的9,440萬美元，而電動助力轉向產品和零件的淨銷售額爲4,740萬美元，幾乎持平。
Gross profit increased by 11.6% to $24.1 million. Gross margin expanded to 17.3% from 15.2% in the year-ago period.
毛利增長了11.6％，達到2410萬美元。毛利率從去年同期的15.2％擴大到17.3％。
Income from operations increased by 26.0% to $9.7 million in the quarter under review.
在本報告所述季度，運營收入增長了26.0％，達到970萬美元。
Cash and equivalents, and short-term investments were $135.8 million as of March-end.
截至3月底，現金及等價物以及短期投資爲1.358億美元。
International sales were mixed as sales in Brazil continued its growth trend with a 17.6% year-over-year sales rise. However, North American sales were down by 12.4% year-over-year, mainly due to temporary lower product sales to Stellantis N.V. (NYSE:STLA).
由於巴西的銷售繼續保持增長趨勢，國際銷售額同比增長17.6％。但是，北美的銷售額同比下降了12.4％，這主要是由於Stellantis N.V.（紐約證券交易所代碼：STLA）的產品銷售暫時下降。
"We continued to invest in our products as research and development ("R&D") expenses remained stable," said Qizhou Wu, chief executive officer of the company.
該公司首席執行官吳啓洲表示：“由於研發（“研發”）費用保持穩定，我們繼續投資我們的產品。”
Outlook: The company has reiterated revenue guidance for the full fiscal year 2024 of $605.0 million versus the $593.11 million estimate.
展望：該公司重申了2024財年全年收入預期爲6.05億美元，而預期爲5.9311億美元。
Price Action: CAAS shares are trading higher by 0.01% to $3.4303 at last check Tuesday.
價格走勢：週二最後一次檢查時，CAAS股價上漲0.01％，至3.4303美元。
Photo by Shuttershock
照片由 Shuttershock