Power steering components and systems supplier China Automotive Systems has reported net income for the third quarter of 2006 of $US1.5m, or $0.07 per share, compared with $1.1m, or $0.05 per share a year ago.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


Total net sales was $22.7m, compared with $14.8m, 54% year-over-year growth and an 8% quarter-over-quarter decline respectively.


Net sales from steering products for passenger and light-duty vehicles for the third quarter of 2006 increased to $13.6m, compared with $9.1m a year ago, reflecting a 49% year-over-year growth and a 14% quarter- over-quarter decline respectively.


Net sales from steering products for commercial vehicles for the third quarter of 2006 increased to $6.4m compared with $3.7m.


Gross profit for the third quarter increased to $8.2m, compared with $5.7m.


Operating income for the third quarter of 2006 was $3.4m, compared with $2.8m reported in the same period of 2005.

Just Auto Excellence Awards - Nominations Closed

Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Continental has secured the Window Displays Innovation Award in the 2025 Just Auto Excellence Awards for its Window Projection solution, transforming side windows into dynamic, data-rich canvases. Discover how this compact projection technology and intelligent software are reshaping in-car UX and opening fresh revenue streams for OEMs and mobility providers.

Discover the Impact