China automotive systems reports 19.9% increase in net sales in first quarter of 2025

Wuhan, china , may 14, 2025 /prnewswire/ -- china automotive systems, inc. (nasdaq: caas) ("caas" or the "company"), a leading power steering components and systems supplier in china, today announced its unaudited financial results for the first quarter ended march 31, 2025. first quarter 2025 highlights net sales grew by 19.9% year-over-year to $167.1 million; sales of eps products rose by 54.0% gross profit increased by 18.8% year-over-year to $28.6 million with a gross margin of 17.1% compared with $24.1 million of gross profit and a 17.3% gross margin in the first quarter of 2024 income from operations decreased to $8.6 million compared with $9.7 million in the first quarter of 2024 diluted income per share was $0.24, compared to diluted income per share of $0.27 in the first quarter of 2024 cash, cash equivalents, and short-term investments were $89.9 million as of march 31, 2025 net cash provided by operating activities was $18.1 million in the first quarter of 2025 compared to $10.5 million in the first quarter of 2024.
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