China Automotive reports Q2 EPS 24c vs. 35c last year

Reports Q2 revenue $158.6M vs. $137.4M last year. Qizhou Wu, Chief Executive Officer of CAAS, commented, “We are pleased to report strong top line growth and accelerating margin expansion. Sales growth was led by an increase of 33.7% in sales of Electric Power Steering (“EPS”) products in the second quarter of 2024, which now accounts for one-third of our total sales.”