Power steering specialist China Automotive Systems reported net income for the third quarter of 2007 $US2.6m, compared with $1.5m a year ago, a 68% increase. Gross profit for the third quarter of 2007 increased to $11.4m compared with $8.2m a 39% increase. Q3 operating income was $6.6m compared with $3.4m, up 95%.

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


Earning per share were $0.11 compared with $0.07. Total net sales for the third quarter of 2007 were $31.2m vs $22.4m, up 39% year-on-year.


Net sales of steering products for passenger and light-duty vehicles for the third quarter of 2007 increased to $20.2m compared with $13.6m. Net sales from steering products for commercial vehicles increased to $8.1m vs $6.4m.


“While the Chinese domestic auto industry grew by 27% in the first nine months of 2007, China Automotive Systems achieved a robust 40% year-over-year growth,” said CEO Qizhou Wu.

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