China Automotive Systems Q4 Profit Down, Revenues Rise; Sees Higher Revenues In FY25
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China Automotive Systems, Inc. (CAAS) reported a decline in Q4 profit, with net income falling to $9.1 million from $10.9 million year-over-year. However, revenues rose by 18.6% to $188.7 million, driven by increased demand for passenger and commercial vehicles. Looking ahead, CAAS projects fiscal 2025 revenues of $700 million, up from $650.9 million in fiscal 2024, indicating expected year-over-year growth.
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