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China Automotive Systems: 4Q Earnings Snapshot

JINGZHOU, China (AP) _ China Automotive Systems Inc. (CAAS) on Thursday reported a loss of $3.2 million in its fourth quarter.

On a per-share basis, the Jingzhou, China-based company said it had a loss of 10 cents.

The auto parts supplier posted revenue of $124.3 million in the period.

For the year, the company reported net income of $2.4 million, or 8 cents per share, swinging to a profit in the period. Revenue was reported as $496.2 million.

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

The company's shares closed at $3.30. A year ago, they were trading at $4.69.


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