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

1. CAAS will announce Q4 2024 financial results on March 28, 2025. 2. Management will host a conference call to discuss results. 3. CAAS specializes in power steering and operates numerous joint ventures. 4. The company's products serve major auto manufacturers in China and North America. 5. Forward-looking statements indicate potential operational risks for CAAS.

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FAQ

Why Neutral?

Upcoming financial results may stabilize price but could highlight operational risks. Historical trends show limited immediate impact from earnings announcements in the auto sector.

How important is it?

Financial results are crucial for investor confidence, influencing future stock valuation. Immediate relevance due to earnings call scheduled soon.

Why Short Term?

The Q4 results announcement is imminent, affecting short-term investor sentiment. Long-term effects depend on performance relative to expectations.

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FORDSTLABYD
, /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 28th 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 LiChief Financial OfficerChina Automotive Systems, Inc.[email protected]  Kevin TheissAwaken Advisors+1-212-521-4050[email protected] SOURCE China Automotive Systems, Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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