CAAS - China Automotive Systems GAAP EPS of $0.23 revenue of $142.2M; reaffirms FY23 outlook

2023-05-12 06:02:06 ET

• China Automotive Systems press release ( NASDAQ: CAAS ): Q1 GAAP EPS of $0.23.
• Revenue of $142.2M (+4.3% Y/Y).
• Cash and cash equivalents, pledged cash and short-term investments were $164.3 million as of March 31, 2023.
• Net cash used in operating activities was $1.4 million in the first quarter of 2023 compared to $4.3 million used in the first quarter of 2022.
• Management has reiterated revenue guidance for the full fiscal year 2023 of $560.0 million  vs. consensus of $566.71M. This target is based on the Company's current views on operating and market conditions, which are subject to change.

For further details see: