China Automotive Systems, Inc. (NASDAQ:CAAS) Files An 8-K Results of Operations and Financial Condition
Results of Operations and Financial
On May 11, 2017, China Automotive Systems, Inc. (the Company)
issued a press release announcing financial results for the first
quarter ended March 31, 2017. The press release is attached as
Exhibit 99.1 to this Current Report on Form 8-K.
The information in thisItem 2.02andinExhibit 99.1attached to this
Form 8-Kis furnished to Item 2.02of Form 8-Kand shall not be
deemed to befiledfor purposes of Section 18 of the Securities
Exchange Act of 1934, or otherwise subject to the liabilities of
|Item 9.01||Financial Statements and Exhibits|
Press Release of China Automotive Systems, Inc. dated May 11,
About China Automotive Systems, Inc. (NASDAQ:CAAS)
China Automotive Systems, Inc., (China Automotive) is a holding company. The Company, through its subsidiary, Great Genesis Holdings Limited (Genesis), owns interests in over eight Sino-joint ventures and over five subsidiaries in the People’s Republic of China (PRC), which manufacture power steering systems and/or related products for various segments of the automobile industry. Genesis also owns interests in a Brazil-based trading company, which engages mainly in the import and sales of automotive parts in Brazil. Henglong USA Corporation (HLUSA), which is a subsidiary of the Company, engages in marketing of automotive parts in North America, and provides after sales service and research and development support. The Company’s geographical segments include the United States, China and other foreign countries. One of its subsidiaries, Shenyang Jinbei Henglong Automotive Steering System Co., Ltd., focuses on power steering parts for light duty vehicles. China Automotive Systems, Inc. (NASDAQ:CAAS) Recent Trading Information
China Automotive Systems, Inc. (NASDAQ:CAAS) closed its last trading session down -0.12 at 4.41 with 54,662 shares trading hands.