China Automotive Systems(US:CAAS) Prnewswireยท2025-08-13 10:00Core Insights - China Automotive Systems, Inc. (CAAS) reported growth in sales, gross profit, net profit, and cash flow for the second quarter of 2025, with a notable increase in Electric Power Steering (EPS) product sales by 31.1% year-over-year [4][5][6] Second Quarter 2025 Highlights - Net sales increased by 11.1% year-over-year to $176.2 million, up from $158.6 million in Q2 2024 [5] - EPS product sales rose to $72.9 million, representing 41.4% of total net sales, compared to 35.1% in Q2 2024 [5][6] - Gross profit grew by 4.2% year-over-year to $30.5 million, with a gross profit margin of 17.3% [6] - Net income attributable to parent company's common shareholders increased by 6.8% to $7.6 million, with diluted earnings per share at $0.25 [6][14] First Six Months of 2025 Highlights - Net sales for the first half of 2025 increased by 15.2% year-over-year to $343.3 million [16] - Gross profit for the first six months rose by 10.8% to $59.1 million, with a gross profit margin of 17.2% [16][26] - Net income attributable to parent company's common shareholders decreased to $14.7 million from $15.4 million in the same period of 2024 [17][26] Financial Position - As of June 30, 2025, cash, cash equivalents, and short-term investments totaled $135.3 million, or approximately $4.48 per share [18] - Working capital was reported at $170.9 million, with total accounts receivable at $294.2 million [18][27] Business Outlook - Management has raised revenue guidance for the full fiscal year 2025 to $720.0 million, reflecting positive operating and market conditions [19]