数据显示，在2024年前9个月，中汽系统的净销售额为4.622亿美元，归属于母公司普通股股东的净利润为2090万美元。截至2024年9月30日，现金和现金等价物以及质押现金为1.388亿美元。China Automobile Systems announced that its board of directors has approved a US share repurchase plan of up to 5 million, which will be regularly repurchased in open market transactions over the next 12 months, at a repurchase price of no more than $5.50 per share.
Zhitong Finance App learned that China Automobile Systems (CAAS.US) announced that its board of directors has approved a plan to repurchase up to 5 million US shares, which will be regularly repurchased in open market transactions over the next 12 months. The repurchase price will not exceed 5.50 US dollars per share. Boosted by this news, as of press release, China Automobile Systems's US stock rose more than 6% in the premarket on Monday to $4.33.
It is reported that this stock repurchase plan will end on November 15, 2025, and the timing of the share repurchase will depend on various factors, including market conditions. Hanlin Chen, Chairman of China Automobile Systems, said: “Our current stock valuation does not reflect our continued profitable sales growth, cash flow generation, technological progress and global market position.” “Looking to the future, steering will remain the key to the performance and safety of all vehicles, whether driven by internal combustion engines, electric drivetrains, or fuel cells, whether they have a human driver or autonomous driving. China Automobile Systems has the best products on the market.”
According to the data, in the first nine months of 2024, China Automobile System's net sales were 0.4622 billion US dollars, and net profit attributable to common shareholders of the parent company was 20.9 million US dollars. As of September 30, 2024, cash and cash equivalents, and pledged cash were $0.1388 billion.
