Sorl Auto Parts has unveiled second quarter net income of US$4.1m, with sales rising year-over-year 14.3% to US$65.7m.
“We are pleased to report an outstanding quarter with the highest sales for any second quarter in our history,” said Sorl CEO and chairman, Xiaoping Zhang.
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“We believe customers in all three of our business segments – OEM, aftermarket and international – recognised the superior value of our products through higher purchases.”
Annual guidance was reiterated for sales of US$225m and net income of US$12.5m
