China Automotive SystemsNASDAQ: CAAS

WUHAN, China , Nov. 18, 2024 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced that its board of directors approved a share repurchase program of up to $5 million of its outstanding common shares periodically over the next 12 months. Repurchases will be made in open market transactions, at prevailing market prices not to exceed $5.50 per share through November 15, 2025, subject to applicable laws, regulations and approvals.

WUHAN, China , Nov. 13, 2024 /PRNewswire/ -- China Automotive Systems, Inc. (NASDAQ: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced its unaudited financial results for the third quarter and nine months ended September 30, 2024. Third Quarter 2024 Highlights Net sales rose 19.4% year-over-year to $164.2 million from $137.5 million in the third quarter of 2023.

WUHAN, China , Nov. 4, 2024 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced that it will issue unaudited financial results for the third quarter ended September 30, 2024, on Wednesday, November 13, 2024, before the market opens. Management will conduct a conference call on November 13 th at 8:00 A.M.

CAAS announces the conference call and webcast information for the Annual Meeting of Stockholders to be held on Tuesday, September 24, 2024 at 9:00 AM local time, or 9:00 PM EDT on Monday, September 23, 2024 WUHAN, China , Sept. 16, 2024 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced that the Annual Meeting of Stockholders of China Automotive Systems, Inc. will be held on Tuesday, September 24, 2024 at 9:00  am local time at the Second Floor Meeting Room, D8 Henglong Building, Optics Valley Software Park, No.

WUHAN, China , Aug. 13, 2024 /PRNewswire/ -- China Automotive Systems, Inc. (NASDAQ: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced its unaudited financial results for the second quarter and six months ended June 30, 2024. Second Quarter 2024 Highlights Net sales rose 15.4% year-over-year to $158.6 million from $137.4 million in the second quarter of 2023.

WUHAN, China , Aug. 2, 2024 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced that it will issue unaudited financial results for the second quarter ended June 30, 2024, on Tuesday, August 13, 2024, before the market opens. Management will conduct a conference call on August 13 th at 7:00 A.M.

China Automotive Systems had a phenomenal 1Q24 with a 17% EPS increase, leading to a 19% stock increase after announcing a one-time $0.80 dividend per share. CAAS stock is undervalued, trading at 5.4x EBIT and a 74% discount to its book value, with strong revenue and margin growth. CAAS has potential for growth with increasing demand for EVs, unique electric power steering solutions, and favorable market conditions, making it a BUY opportunity worth at least $7.50 per share.

Signs of a recovery in the world's second largest economy continue to emerge. The Chinese housing sector continues to rebound.

China Automotive Systems (NASDAQ: CAAS ) reported results for the first quarter of 2023. China Automotive posted earnings per share of 23 cents.