China Automotive Systems Clocks 5.3% Sales Decline In Q4
China Automotive Systems Inc (NASDAQ:CAAS) reported a fourth-quarter FY21 sales decline of 5.3% year-on-year, to $138.8 million, beating the estimate of $126.1 million. The gross profit margin contracted by 140 basis points Y/Y to 14.2%, and the gross profit declined 13.6% to $19.7 million. The operating margin was 0.4%, and operating income for…
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