The impressive Q3 financial report was unable to prevent the stock price from experiencing three consecutive declines at a high level. What is happening with china automotive systems (CAAS.US)?
On November 13, china automotive systems disclosed its Q3 financial report before the market opened, showing a year-on-year revenue growth of 19.4%. At the same time, the company's management raised the full-year revenue guidance to 0.63 billion dollars. However, despite this better performance in the financial report, the secondary market reacted in completely opposite ways.
China Automotive Systems, Inc. (CAAS) Q3 2024 Earnings Call Transcript Summary
China Automotive Systems (CAAS.US) reported a 19.4% year-on-year revenue growth in Q3 and raised its full-year revenue guidance to 0.63 billion dollars.
China automotive systems announced its performance for the third quarter of 2024.
China Automotive Systems | 10-Q: Q3 2024 Earnings Report
China Automotive Systems Raises FY24 Revenue Guidance From $605M To $630M
China Automotive Systems: Q3 Earnings Snapshot
China Automotive Systems Q3 EPS $0.18 Down From $0.31 YoY, Sales $164.2M Up From $137.5M YoY
China Automotive 3Q Net $5.5M >CAAS
Earnings Scheduled For November 13, 2024
10 trillion debt-for-equity swap, real estate tax policies will be introduced in the near future... One article to understand the NPC press conference
Starting from 2024, China will allocate 800 billion yuan from the annual increase in local government special bonds for five consecutive years, specifically for debt restructuring, with a cumulative potential to replace 4 trillion yuan in hidden debt. In addition, with the 6 trillion yuan debt ceiling approved by the National People's Congress Standing Committee this time, it will directly increase local debt resources by 10 trillion yuan.
china automotive systems (CAAS.US) will release its financial report before the market opens on November 13th.
$China Automotive Systems (CAAS.US)$ will release its financial report before the market opens on November 13. How was the previous performance? $China Automotive Systems (CAAS.US)$ had revenue of 0.158608 billion USD, net income of 8.755 million USD, and eps of 0.24 USD in 2024/Q2. In 2023/Q3, revenue was 0.137541 billion USD, net income was 11.244 million USD, and eps was 0.31 USD. The above data is based on US GAAP accounting standards. Futubull reminder: 1. The accounting year division time for Hong Kong and US listed companies.
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