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CHINA AUTOMOTIVE SYSTEMS REPORTS UNAUDITED 2018 THIRD QUARTER RESULTS

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Net income attributable to parent companys common shareholders was $0.4 million, or diluted earnings per share of $0.01
Mr. Qizhou Wu, the Chief Executive Officer of CAAS, commented, Sales of our traditional hydraulic products continued to anchor our sales in the Chinese automotive market in the third quarter of 2018. Our advanced hydraulic steering products remain the primary sales driver to Chrysler and Ford for use in the North American markets with sales rising by 22.2% in the third quarter of 2018 compared to the same quarter last year. Sales of our steering columns also grew to help offset softness in the Chinese passenger vehicle and heavy-duty …

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Source: US SEC
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8-K_for_CHINA_AUTOMOTIVE_SYSTEMS_INC_8-K-11-09-2018