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China Automotive Systems Reports Record Third Quarter 2026 EPS Sales; Board Approves $5 Million Share Repurchase Program

  • China Automotive Systems, Inc. reported record preliminary third quarter 2026 electric power steering unit sales of 567,314 units, a 40.1% increase versus the same period in 2025.
  • EPS sales for the first nine months of 2026 reached 1,461,381 units, a 32.7% year-over-year increase.
  • Subsidiary Henglong KYB recorded 466,899 EPS units sold in Q3 2026 (up 33.1%) 1,257,686 units for the first nine months (up 21.3%).
  • Subsidiary Wuhu reported 101,040 EPS units sold in Q3 2026 (up 138.6%) 223,440 units for the first nine months (up 82.7%).
  • The company's board approved a share repurchase program of up to $5 million for common shares.
  • Repurchases may occur over the next 12 months at market prices not exceeding $5.50 per share through November 10, 2027.
  • Chairman Hanlin Chen stated the stock valuation does not reflect current sales growth, cash flow, or expanding global network.
  • CEO Qizhou Wu noted increased sales to global Tier-1 OEMs in North America, South America, and Europe, along with expanded offerings for new energy vehicles.
  • CFO Jie Li highlighted that market capitalization remains below combined cash, working capital, 1book value, 1with robust third quarter free cash flow compared to 2025.
Company
China Automotive Systems
Keywords
China Automotive Systems