What's Going On With China Automotive Stock After Posting Lower Product Sales To Stellantis In Q1?
What's Going On With China Automotive Stock After Posting Lower Product Sales To Stellantis In Q1?
China Automotive Systems, Inc. (NASDAQ:CAAS) reported first-quarter earnings per share of 27 cents, up from 23 cents year over year.
中国汽车系统有限公司（纳斯达克股票代码：CAAS）公布的第一季度每股收益为27美分，高于同比23美分。
Net sales were $139.4 million, down 2% year over year. Net sales of traditional steering products and parts were $92 million, down from $94.4 million year over year, while those from electric power steering products and parts were $47.4 million, almost flat.
净销售额为1.394亿美元，同比下降2％。传统转向产品和零件的净销售额为9200万美元，低于同比的9,440万美元，而电动助力转向产品和零件的净销售额为4,740万美元，几乎持平。
Gross profit increased by 11.6% to $24.1 million. Gross margin expanded to 17.3% from 15.2% in the year-ago period.
毛利增长了11.6％，达到2410万美元。毛利率从去年同期的15.2％扩大到17.3％。
Income from operations increased by 26.0% to $9.7 million in the quarter under review.
在本报告所述季度，运营收入增长了26.0％，达到970万美元。
Cash and equivalents, and short-term investments were $135.8 million as of March-end.
截至3月底，现金及等价物以及短期投资为1.358亿美元。
International sales were mixed as sales in Brazil continued its growth trend with a 17.6% year-over-year sales rise. However, North American sales were down by 12.4% year-over-year, mainly due to temporary lower product sales to Stellantis N.V. (NYSE:STLA).
由于巴西的销售继续保持增长趋势，国际销售额同比增长17.6％。但是，北美的销售额同比下降了12.4％，这主要是由于Stellantis N.V.（纽约证券交易所代码：STLA）的产品销售暂时下降。
"We continued to invest in our products as research and development ("R&D") expenses remained stable," said Qizhou Wu, chief executive officer of the company.
该公司首席执行官吴启洲表示：“由于研发（“研发”）费用保持稳定，我们继续投资我们的产品。”
Outlook: The company has reiterated revenue guidance for the full fiscal year 2024 of $605.0 million versus the $593.11 million estimate.
展望：该公司重申了2024财年全年收入预期为6.05亿美元，而预期为5.9311亿美元。
Price Action: CAAS shares are trading higher by 0.01% to $3.4303 at last check Tuesday.
价格走势：周二最后一次检查时，CAAS股价上涨0.01％，至3.4303美元。
Photo by Shuttershock
照片由 Shuttershock
译文内容由第三方软件翻译。