China Automotive Systems Second Quarter 2024 Earnings: EPS: US$0.24 (vs US$0.35 in 2Q 2023)

China Automotive Systems (NASDAQ:CAAS) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$158.6m (up 15% from 2Q 2023).
• Net income: US$7.14m (down 32% from 2Q 2023).
• Profit margin: 4.5% (down from 7.6% in 2Q 2023). The decrease in margin was driven by higher expenses.
• EPS: US$0.24 (down from US$0.35 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

China Automotive Systems shares are down 1.1% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on China Automotive Systems' balance sheet health.

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