China Automotive Systems Plans Financial Results Announcement
China Automotive Systems to Announce Financial Results
China Automotive Systems, Inc. (Nasdaq: CAAS), a prominent supplier of power steering components in the automotive sector, is poised to reveal its unaudited financial outcomes for the fourth quarter, which concluded on December 31, 2024. This announcement is scheduled for March 28, 2025, prior to the market opening.
Details of the Financial Announcement
Management will hold a conference call at 8:00 A.M. EDT (8:00 P.M. Beijing Time) on the same day to discuss these results thoroughly. The call will begin with a presentation followed by a session for questions and answers, providing stakeholders with an opportunity for engagement and clarification.
How to Participate in the Call
To participate in the conference call, interested parties are encouraged to call in approximately ten minutes prior to the start time to ensure connection. Participants should request to join the "China Automotive Systems" call using the pin 826041.
North America: +1-888-506-0062
International: +1-973-528-0011
Mainland China Toll-Free: +86-400-120-3199
About China Automotive Systems
China Automotive Systems, Inc. operates from Hubei Province, the People's Republic of China, and stands as a significant provider of power steering components to various automotive manufacturers. The firm operates through multiple joint ventures and wholly owned subsidiaries, solidifying its presence in the market.
The company supplies a comprehensive array of steering parts catering to both passenger and commercial vehicles. With an impressive annual production capacity exceeding 8 million sets, China Automotive Systems produces not only steering gears but also columns and hoses.
Clientele and Partnerships
Its clientele comprises several leading automotive manufacturers, highlighting collaborations with renowned entities such as China FAW Group, Dongfeng Auto Group, BYD Auto Company, Beiqi Foton Motor, and Chery Automobile within China. Furthermore, partnerships span to notable North American manufacturers like Stellantis N.V. and Ford Motor Company.
A Commitment to Innovation
China Automotive Systems has dedicated itself to continuous innovation, looking to enhance its product offerings and adapt to industry transformations. The company is committed to maintaining high standards in quality while also striving to meet the evolving needs of its diverse customer base.
Looking Ahead
As the scheduled date for the financial announcement approaches, stakeholders are encouraged to stay engaged and informed regarding the company's developments. This upcoming release and conference call will provide insights into the current financial health and future strategies of China Automotive Systems, Inc.
Frequently Asked Questions
1. When will China Automotive Systems announce its fourth-quarter results?
The announcement is set for March 28, 2025, before the market opens.
2. How can I participate in the conference call?
Call +1-888-506-0062 for North America or +1-973-528-0011 internationally about ten minutes before the call.
3. What is the focus of the financial results announcement?
The announcement will cover unaudited results for the fourth quarter ended December 31, 2024.
4. Who are the primary clients of China Automotive Systems?
The company serves major automotive manufacturers including China FAW Group, BYD, and Ford Motor Company.
5. What is the production capacity of the company?
China Automotive Systems has an annual production capacity exceeding 8 million sets of steering gears, columns, and hoses.
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