Earnings ·
China Automotive Systems reported unaudited financial results for the first half ended June 30, 2026
CAASChina Automotive Systems, Inc.
China Automotive Systems reported unaudited financial results for the first half ended June 30, 2026. Net sales rose 20.1% year-over-year to a record $412.5 million from $343.3 million in the prior period. Gross profit increased 49.7% to $88.5 million with margins expanding to 21.5%. Income from operations doubled to $43.3 million, while net income attributable to common shareholders grew 98.8% to $29.3 million. Diluted earnings per share reached $0.97 compared to $0.49 previously. The company raised its full-year 2026 revenue guidance to $850.0 million. China Automotive Systems is a leading supplier of power steering components and systems in the automotive industry.