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China Automotive Systems Inc (CAAS.OQ)

CAAS.OQ on NASDAQ Stock Exchange Capital Market

3.12USD
22 Feb 2019
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Latest Key Developments (Source: Significant Developments)

China Automotive Systems Forms Joint Venture To Produce Electric Motors
Thursday, 27 Dec 2018 06:00am EST 

Dec 27 (Reuters) - China Automotive Systems Inc ::CHINA AUTOMOTIVE SYSTEMS FORMS JOINT VENTURE TO PRODUCE ELECTRIC MOTORS.CHINA AUTOMOTIVE SYSTEMS - JV, HYOSEONG (WUHAN) MOTION MECHATRONICS SYSTEM CO. LTD. ("HMMS"), IS 51% OWNED BY CAAS AND 49% BY HYOSEONG ELECTRIC.CHINA AUTOMOTIVE SYSTEMS INC - TOTAL INVESTMENT IN HMMS WILL BE RMB 550 MILLION WITH RMB 198 MILLION FOR FIRST PHASE OF PRODUCTION FACILITY.CHINA AUTOMOTIVE SYSTEMS INC - ENTERED INTO A JOINT VENTURE AGREEMENT WITH HYOSEONG ELECTRIC CO. LTD..CHINA AUTOMOTIVE SYSTEMS - NEW PRODUCTION FACILITY BEING PLANNED NEAR CAAS'S HEADQUARTERS IN WUHAN WITH EXPECTED ANNUAL CAPACITY OF 4.5 MILLION UNITS.  Full Article

China Automotive Systems Announces Share Repurchase
Friday, 7 Dec 2018 06:00am EST 

China Automotive Systems Inc ::CHINA AUTOMOTIVE SYSTEMS ANNOUNCES SHARE REPURCHASE.CHINA AUTOMOTIVE SYSTEMS INC - BOARD OF DIRECTORS APPROVED A SHARE REPURCHASE PROGRAM OF UP TO $5 MILLION OF ITS OUTSTANDING COMMON SHARES.CHINA AUTOMOTIVE SYSTEMS INC - REPURCHASES WILL BE MADE IN OPEN MARKET TRANSACTIONS, AT PREVAILING MARKET PRICES NOT TO EXCEED $4.00 PER SHARE.CHINA AUTOMOTIVE SYSTEMS INC - MEMBERS OF MANAGEMENT TEAM MAY MAKE ADDITIONAL SHARE PURCHASES IN ADDITION TO COMPANY REPURCHASE..CHINA AUTOMOTIVE SYSTEMS INC - MEMBERS OF MANAGEMENT TEAM MAY MAKE ADDITIONAL SHARE PURCHASES IN ADDITION TO COMPANY REPURCHASE.  Full Article

China Automotive Systems Sees FY 2018 Revenue of $510 Mln
Friday, 9 Nov 2018 06:00am EST 

Nov 9 (Reuters) - China Automotive Systems Inc ::CHINA AUTOMOTIVE SYSTEMS REPORTS UNAUDITED 2018 THIRD QUARTER RESULTS.Q3 EARNINGS PER SHARE $0.01.Q3 SALES $112.1 MILLION VERSUS $118.4 MILLION.SEES FY 2018 REVENUE $510 MILLION.REDUCED ITS REVENUE GUIDANCE FOR FULL YEAR 2018 TO US$510 MILLION FROM US$520.0 MILLION.  Full Article

China Automotive Systems reports Q3 earnings per share $0.16
Thursday, 9 Nov 2017 06:00am EST 

Nov 9 (Reuters) - China Automotive Systems Inc :China Automotive Systems reports 25.2% net sales growth in the 2017 third quarter.Q3 earnings per share $0.16.Sees FY 2017 revenue $495 million.Q3 sales rose 25.2 percent to $118.4 million.China Automotive Systems Inc - ‍Raised its revenue guidance for full year 2017 to $495 million​.  Full Article

China Automotive Systems reports receipt of revised proposal
Thursday, 31 Aug 2017 04:12pm EDT 

Aug 31 (Reuters) - China Automotive Systems Inc ::China Automotive Systems Inc. announces receipt of revised proposal.China Automotive Systems - ‍special committee is currently evaluating revised proposal with assistance of its financial and legal advisors​.China Automotive Systems - ‍revised non-binding proposal is for US$5.45 per share of common stock in cash​.  Full Article

China Automotive Systems says special committee is evaluating revised proposal​
Thursday, 31 Aug 2017 04:02pm EDT 

Aug 31 (Reuters) - China Automotive Systems Inc :Says ‍Hanlin Chen submitted revised non-binding proposal letter to co ​.Says ‍received revised proposal letter from ‍hanlin Chen​ and Chariot Company to acquire all outstanding shares of co's common stock for $5.45 per share in cash​ ‍​.Says ‍co's special committee is currently evaluating revised proposal​.  Full Article

China Automotive Systems reports Q2 earnings per share $0.28
Thursday, 10 Aug 2017 06:00am EDT 

Aug 10 (Reuters) - China Automotive Systems Inc :China Automotive Systems reports 2017 second quarter unaudited financial results.Q2 earnings per share $0.28.Q2 sales rose 16.5 percent to $117.7 million.Sees FY 2017 revenue $490 million.  Full Article

China Automotive Systems special committee engages financial advisor and legal counsel
Wednesday, 2 Aug 2017 06:00am EDT 

Aug 2 (Reuters) - China Automotive Systems Inc :China Automotive Systems special committee engages financial advisor and legal counsel.Special committee of board retained Houlihan Lokey Capital as its financial advisor.Special committee in connection with its review of preliminary proposal board received from Hanlin Chen, chairman of board.  Full Article

China Automotive Systems posts Q1 earnings per share $0.18
Thursday, 11 May 2017 06:30am EDT 

May 11 (Reuters) - China Automotive Systems Inc :China Automotive Systems reports 2017 first quarter results.Q1 sales rose 2.1 percent to $119.3 million.Q1 earnings per share $0.18.Sees FY 2017 revenue $485 million.  Full Article

China Automotive Systems reports Q4 earnings per share $0.18
Thursday, 30 Mar 2017 06:00am EDT 

China Automotive Systems Inc : China Automotive Systems reports fourth quarter and fiscal 2016 results . Q4 earnings per share $0.18 . Q4 sales rose 24.6 percent to $149.6 million . Sees FY 2017 revenue $485 million .China Automotive Systems Inc - "We expect our gross margin to recover in 2017".  Full Article