China automotive systems reports almost 200% increase in net income in the second quarter of 2022

Wuhan, china , aug. 12, 2022 /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 second quarter and six months ended june 30, 2022. second quarter 2022 highlights net sales rose 5.5% to $127.2 million from $120.6 million in the second quarter of 2021.
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