China automotive systems reports a 91.7% increase in diluted net income per share in fiscal year 2022

- electric power steering ("eps") sales increased by 35.6% in 2022 - wuhan, china , march 30, 2023 /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 fourth quarter and the audited results for the fiscal year ended december 31, 2022. fourth quarter 2022 highlights net sales were $128.8 million gross profit increased by 26.9% to $25.0 million from $19.7 million.
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