China Automotive Systems Full Year 2023 Earnings: EPS: US$1.25 (vs US$0.69 in FY 2022)

China Automotive Systems, Inc. -0.52%

China Automotive Systems, Inc.

CAAS

3.85

-0.52%

China Automotive Systems (NASDAQ:CAAS) Full Year 2023 Results

Key Financial Results

  • Revenue: US$576.4m (up 8.8% from FY 2022).
  • Net income: US$37.7m (up 78% from FY 2022).
  • Profit margin: 6.5% (up from 4.0% in FY 2022). The increase in margin was driven by higher revenue.
  • EPS: US$1.25 (up from US$0.69 in FY 2022).
earnings-and-revenue-history
NasdaqCM:CAAS Earnings and Revenue History March 29th 2024

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

China Automotive Systems shares are up 4.4% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on China Automotive Systems' balance sheet.

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