China Automotive Systems Reports Income From Operations Increased by 38.7% in the Second Quarter of 2024

WUHAN, China, Aug. 13, 2024 /PRNewswire/ -- 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 second quarter and six months ended June 30, 2024.Second Quarter 2024 HighlightsNet sales rose 15.4% year-over-year to $158.6 million from$137.4 million in the second quarter of 2023.Gross profit increased by 29.0% year-over-year to $29.3 million from$22.7 million in th ...