China Automotive Systems to Announce Unaudited 2024 Fourth Quarter and Audited 2024 Year Financial Results on March 28, 2025

Rhea-AI Summary

China Automotive Systems (CAAS), a leading power steering components and systems supplier in China, has scheduled to release its unaudited fourth quarter 2024 and audited full-year 2024 financial results on March 28, 2025, before market opening.

The company will host a conference call on the same day at 8:00 A.M. EDT/8:00 P.M. Beijing Time to discuss the results, followed by a Q&A session. Investors can participate using the provided dial-in numbers with pin 826041. A replay will be available on the company's website in the investor relations section.

WUHAN, China, March 19, 2025 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced that it will issue unaudited financial results for the fourth quarter ended December 31, 2024, on Friday, March 28, 2025, before the market opens. Management will conduct a conference call on March 28^th at 8:00 A.M. EDT/8:00 P.M. Beijing Time to discuss these results. A question and answer session will follow management's presentation.

To participate, please call the following numbers 10 minutes before the call start time and ask to be connected to the "China Automotive Systems" conference call with pin 826041:

Phone Number: +1-888-506-0062 (North America) 
Phone Number: +1-973-528-0011 (International) 
Mainland China Toll Free: +86-400-120-3199

A replay of the call will be available on the Company's website in the investor relations section.

About China Automotive Systems, Inc. 

Based in Hubei Province, the People's Republic of China, China Automotive Systems, Inc. is a leading supplier of power steering components and systems to the Chinese automotive industry, operating through its sixteen Sino-foreign joint ventures and wholly owned subsidiaries. The Company offers a full range of steering system parts for passenger automobiles and commercial vehicles. The Company currently offers four separate series of power steering with an annual production capacity of over 8 million sets of steering gears, columns and steering hoses. Its customer base is comprised of leading auto manufacturers, such as China FAW Group, Corp., Dongfeng Auto Group Co., Ltd., BYD Auto Company Limited, Beiqi Foton Motor Co., Ltd. and Chery Automobile Co., Ltd. in China, and Stellantis N.V. and Ford Motor Company in North America. For more information, please visit: http://www.caasauto.com.

Forward-Looking Statements

This press release contains statements that are "forward-looking statements" as defined under the Private Securities Litigation Reform Act of 1995. Forward-looking statements represent our estimates and assumptions only as of the date of this press release. Our actual results may differ materially from the results described in or anticipated by our forward-looking statements due to certain risks and uncertainties. As a result, the Company's actual results could differ materially from those contained in these forward-looking statements due to a number of factors, including those described under the heading "Risk Factors" in the Company's Annual Report on Form 10-K as filed with the Securities and Exchange Commission on March 28, 2024, and in documents subsequently filed by the Company from time to time with the Securities and Exchange Commission. Any of these factors and other factors beyond our control, could have an adverse effect on the overall business environment, cause uncertainties in the regions where we conduct business, cause our business to suffer in ways that we cannot predict, and materially and adversely impact on our business, financial condition and results of operations. A prolonged disruption or any further unforeseen delay in our operations of the manufacturing, delivery and assembly process within any of our production facilities could continue to result in delays in the shipment of products to our customers, increased costs and reduced revenue. We expressly disclaim any duty to provide updates to any forward-looking statements made in this press release, whether as a result of new information, future events or otherwise.

For further information, please contact:

Jie Li
Chief Financial Officer
China Automotive Systems, Inc.
jieli@chl.com.cn 

Kevin Theiss
Awaken Advisors
+1-212-521-4050
Kevin@awakenlab.com

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SOURCE China Automotive Systems, Inc.

FAQ

When will China Automotive Systems (CAAS) release its Q4 2024 earnings?

CAAS will release its Q4 2024 earnings on March 28, 2025, before the market opens.

How can investors participate in CAAS's Q4 2024 earnings call?

Investors can dial +1-888-506-0062 (North America), +1-973-528-0011 (International), or +86-400-120-3199 (China) using pin 826041.

What time is the CAAS Q4 2024 earnings conference call?

The conference call is scheduled for March 28, 2025, at 8:00 A.M. EDT/8:00 P.M. Beijing Time.

Will there be a replay available for CAAS's Q4 2024 earnings call?

Yes, a replay will be available on the company's website in the investor relations section.