CHINA: China Automotive Systems net profit up in 2014
China Automotive Systems' net sales for full year 2014 were up 56.47% to US$11.82m compared with $7.56m in 2013.
The company's operating income for the period was up 21.01% to $44.43m from $36.72m. The income before income tax expenses and equity in earnings of affiliated companies in 2014 increased 20.50% to $46.08m from $38.24m in 2013.
Its net income for the period rose 19.75% to $39.59m from $33.07m.