Power steering components and systems supplier China Automotive Systems boosted second quarter operating income 100% to $US6.3m while net income rose 227% to $2.5m.
Earnings per share was $0.10. Net sales rose 47% to $36.3m.
“We are delighted to report a strong quarter as we benefited from solid and balanced growth in both the passenger vehicle and commercial vehicle sectors in China,” said Hanlin Chen, chairman and chief executive officer.
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