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August 15, 2014

CHINA: Sorl Auto Parts unveils Q2 net income of US$4.1m

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.

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.

“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

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