China Automotive Systems(CAAS) - 2023 Q4 - Annual Results

Exhibit 99.1 China Automotive Systems Reports Record Annual Revenue, and a 81.2% Increase in Diluted Net Income Per Share to $1.25 in Fiscal Year 2023 - Electric Power Steering ("EPS") Sales Increased by 24.6% in 2023 - WUHAN, China, March 28, 2024 -- China Automotive Systems, Inc. (NASDAQ: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced its unaudited financial results for the fourth quarter and the audited results for the fiscal year ended ...