JINGZHOU, China (AP) — JINGZHOU, China (AP) — China Automotive Systems Inc. (CAAS) on Friday reported fourth-quarter net income of $9.1 million.
On a per-share basis, the Jingzhou, China-based company said it had profit of 30 cents.
The auto parts supplier posted revenue of $188.7 million in the period.
For the year, the company reported profit of $30 million, or 99 cents per share. Revenue was reported as $650.9 million.
China Automotive Systems expects full-year revenue of $700 million.
China Automotive Systems shares have climbed 28% since the beginning of the year. The stock has climbed 56% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CAAS at https://www.zacks.com/ap/CAAS
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