| 26-03-2008
China Automotive Systems, Inc. , a leading power steering components and systems supplier in China, today announced 2007 fourth quarter and year financial results for the period ended December 31, 2007.
2007 Fourth Quarter Highlights:
Net sales increased to US$37.7 million, reflecting 36.3% year-over-year growth;
Net income was US$2.2 million, reflecting 52.6% year-over-year growth; and
Diluted earnings per share were US$0.09, reflecting 48% year-over-year growth.
2007 Full Year Highlights:
Net sales increased to US$133.6 million, reflecting 39.5% year-over- year growth;
Net sales from steering components for passenger and light-duty vehicles increased to US$83.9 million, reflecting 39.3% year-over-year growth;
Net sales from steering components for commercial vehicles increased to US$35.8 million, reflecting 42.3% year-over-year growth;
Net income was US$8.9 million, reflecting 84.1% year-over-year growth; and
Diluted earnings per share were US$0.37, reflecting 76.2% year-over year growth.
Editor:Ida.Zhang from Chinabuses.com
|
