Detail akcie China Automotive online

Business Summary: China Automotive Systems Inc is a holding company principally engaged in the manufacture and sale of automotive systems and components. The Company’s main products include rack and pinion power steering, integral power steering, electronic power steering and manual steering, steering columns, steering oil pumps and steering hoses. The Company's major customers include FAW Group, Dongfeng Auto Group Co., Ltd, BYD Auto Co., Ltd, as well as Stellar Group and Ford Motor Company in North America. The Company mainly operates its businesses in the domestic and overseas markets.
Financial Summary: BRIEF: For the three months ended 31 March 2025, China Automotive Systems Inc revenues increased 20% to $167.1M. Net income decreased 14% to $7.1M. Revenues reflect Henglong segment increase of 37% to $80.7M, Henglong KYB segment increase of 38% to $48.4M. Net income was offset by Research and development expenses increase of 64% to $8.7M (expense), General and administrative expenses increase of 36% to $7.6M (expense).