China Automotive Systems to Announce Unaudited 2024 Second Quarter Financial Results on August 13, 2024

Rhea-AI Summary

China Automotive Systems (Nasdaq: CAAS), a leading power steering components and systems supplier in China, has announced that it will release its unaudited financial results for the second quarter ended June 30, 2024, on Tuesday, August 13, 2024, before the market opens. The company will conduct a conference call on the same day at 7:00 A.M. EDT/7:00 P.M. Beijing Time to discuss these results.

Management will present the results, followed by a question and answer session. Interested parties can participate by calling the provided numbers 10 minutes before the call start time and asking to be connected to the "China Automotive Systems" conference call with pin 748049. A replay of the call will be available on the company's website in the investor relations section.

News Market Reaction

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On the day this news was published, CAAS declined 2.38%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

WUHAN, China, Aug. 2, 2024 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced that it will issue unaudited financial results for the second quarter ended June 30, 2024, on Tuesday, August 13, 2024, before the market opens. Management will conduct a conference call on August 13^th at 7:00 A.M. EDT/7:00 P.M. Beijing Time to discuss these results. A question and answer session will follow management's presentation.

To participate, please call the following numbers 10 minutes before the call start time and ask to be connected to the "China Automotive Systems" conference call with pin 748049:

Phone Number: +1-888-506-0062 (North America) 
Phone Number: +1-973-528-0011 (International) 
Mainland China Toll Free: +86-400-120-3199

A replay of the call will be available on the Company's website in the investor relations section.

About China Automotive Systems, Inc.

Based in Hubei Province, the People's Republic of China, China Automotive Systems, Inc. is a leading supplier of power steering components and systems to the Chinese automotive industry, operating through eight Sino-foreign joint ventures. The Company offers a full range of steering system parts for passenger automobiles and commercial vehicles. The Company currently offers four separate series of power steering with an annual production capacity of over 8 million sets of steering gears, columns and steering hoses. Its customer base is comprised of leading auto manufacturers, such as China FAW Group, Corp., Dongfeng Auto Group Co., Ltd., BYD Auto Company Limited, Beiqi Foton Motor Co., Ltd. and Chery Automobile Co., Ltd. in China, and Stellantis N.V. and Ford Motor Company in North America. For more information, please visit: http://www.caasauto.com.

Forward-Looking Statements

This press release contains statements that are "forward-looking statements" as defined under the Private Securities Litigation Reform Act of 1995. Forward-looking statements represent our estimates and assumptions only as of the date of this press release. Our actual results may differ materially from the results described in or anticipated by our forward-looking statements due to certain risks and uncertainties. As a result, the Company's actual results could differ materially from those contained in these forward-looking statements due to a number of factors, including those described under the heading "Risk Factors" in the Company's Annual Report on Form 10-K as filed with the Securities and Exchange Commission on March 28, 2024, and in documents subsequently filed by the Company from time to time with the Securities and Exchange Commission. Any of these factors and other factors beyond our control, could have an adverse effect on the overall business environment, cause uncertainties in the regions where we conduct business, cause our business to suffer in ways that we cannot predict and materially and adversely impact our business, financial condition and results of operations. A prolonged disruption or any further unforeseen delay in our operations of the manufacturing, delivery and assembly process within any of our production facilities could continue to result in delays in the shipment of products to our customers, increased costs and reduced revenue. We expressly disclaim any duty to provide updates to any forward-looking statements made in this press release, whether as a result of new information, future events or otherwise.

For further information, please contact:

Jie Li
Chief Financial Officer
China Automotive Systems, Inc.
Email: jieli@chl.com.cn 

Kevin Theiss
Investor Relations
Tel: +1-212-510-8922
Email: Kevin@awakenlab.com

View original content:https://www.prnewswire.com/news-releases/china-automotive-systems-to-announce-unaudited-2024-second-quarter-financial-results-on-august-13-2024-302213103.html

SOURCE China Automotive Systems, Inc.

FAQ

When will China Automotive Systems (CAAS) release its Q2 2024 financial results?

China Automotive Systems (CAAS) will release its unaudited financial results for the second quarter ended June 30, 2024, on Tuesday, August 13, 2024, before the market opens.

What time is the CAAS Q2 2024 earnings conference call scheduled for?

The CAAS Q2 2024 earnings conference call is scheduled for August 13, 2024, at 7:00 A.M. EDT/7:00 P.M. Beijing Time.

How can investors participate in China Automotive Systems' (CAAS) Q2 2024 earnings call?

Investors can participate in CAAS's Q2 2024 earnings call by dialing +1-888-506-0062 (North America), +1-973-528-0011 (International), or +86-400-120-3199 (Mainland China Toll Free) 10 minutes before the call start time and asking to be connected to the 'China Automotive Systems' conference call with pin 748049.

Will there be a replay available for CAAS's Q2 2024 earnings call?

Yes, a replay of the CAAS Q2 2024 earnings call will be available on the company's website in the investor relations section.