JINGZHOU, China (AP) — JINGZHOU, China (AP) — China Automotive Systems Inc. (CAAS) on Wednesday reported fourth-quarter profit of $18.4 million.
The Jingzhou, China-based company said it had profit of 61 cents per share.
The auto parts supplier posted revenue of $229.2 million in the period.
For the year, the company reported profit of $42.8 million, or $1.42 per share. Revenue was reported as $765.7 million.
China Automotive Systems expects full-year revenue of $810 million.
The company’s shares closed at $4.28. A year ago, they were trading at $3.74.
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