JINGZHOU, China (AP) — JINGZHOU, China (AP) — China Automotive Systems Inc. (CAAS) on Wednesday reported third-quarter profit of $5.5 million.
On a per-share basis, the Jingzhou, China-based company said it had net income of 18 cents.
The auto parts supplier posted revenue of $164.2 million in the period.
China Automotive Systems expects full-year revenue of $630 million.
The company’s shares closed at $4.62. A year ago, they were trading at $3.26.
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