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China Automotive Systems: 1Q Earnings Snapshot

JINGZHOU, China (AP) _ China Automotive Systems Inc. (CAAS) on Thursday reported first-quarter profit of $1.5 million.

The Jingzhou, China-based company said it had net income of 5 cents per share.

The auto parts supplier posted revenue of $109.2 million in the period.

China Automotive Systems expects full-year revenue of $510 million.

The company's shares closed at $2.58. A year ago, they were trading at $4.20.


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