China Automotive Systems reports USD4.2 million net income for Q3

Financial results

Sales down 10.2% y/y

China Automotive Systems (CAS) has reported a net income of USD4.2 million for the third quarter ended 30 September, compared with a net income of USD0.4 million in the same period a year ago, the China-based power steering components and systems supplier said on 12 November.

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