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- NasdaqCM:CAAS
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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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NasdaqCM:CAAS
China Automotive Systems
Through its subsidiaries, manufactures and sells automotive systems and components in the People’s Republic of China, the United States, and internationally.
Flawless balance sheet with proven track record.