CAAS - Why China Automotive Systems Shares Are Shooting Higher Today | Benzinga
China Automotive Systems, Inc (NASDAQ:CAAS) shares are trading higher after the company reported fourth-quarter FY23 sales growth of 23.6% year-on-year to $159.20 million.
The gross profit margin expanded by 240 basis points Y/Y to 21.8%, and the gross profit climbed 38.8% to $34.7 million.
The operating income for the quarter was $13.6 million versus an operating ...