China Automotive Systems Corporation's 2011 Net Profit Declines

According to PR News, CAAS, a supplier of power steering systems, has announced the financial reports for the fourth quarter of 2011 and the full year of 2011.

In the fourth quarter of 2011, CAAS had net sales of 99.5 million U.S. dollars, gross profit of 19.5 million U.S. dollars, operating profit of 8 million U.S. dollars, and operating profit margin of 8.1%. The net profit of the common shareholders of the parent company was 6 million US dollars.

In the fourth quarter of 2010, CAAS had net sales of US$100 million, gross profit of US$19.8 million, operating profit of US$12.3 million, operating profit margin of 12.2%, and net profit attributable to common shareholders of the parent company. 10.6 million US dollars.

In 2011, CAAS had net sales of 348 million U.S. dollars, gross profit of 68.1 million U.S. dollars, operating profit of 33.4 million U.S. dollars, and operating profit margin of 9.6%. The net profit of the parent company’s common shareholders was 3 , 6.2 million US dollars.

Net sales in 2010 were US$345.9 million, gross profit was US$80.3 million, operating profit was US$54 million, operating profit margin was 15.6%, net profit of parent company’s common stockholders was 44.7 million. Dollars.