China Automotive Systems Reports Record Third Quarter 2026 EPS Sales; Board Approves $5 Million Share Repurchase Program
Key Highlights
- ➤EPS sales 567,314 units in Q3 2026, up 40.1% year-over-year
- ➤Nine-month EPS sales 1,461,381 units, up 32.7% year-over-year
- ➤Board approves $5 million share repurchase through November 10, 2027
- ➤Repurchases capped at $5.50 per share under the program
Expert Statements
Hanlin Chen, Chairman of China Automotive Systems
“We continue to record strong growth as we introduce new innovative products and develop new global relationships. Our current stock valuation does not reflect our sales and profit growth, cash flow generation, and expanding global network. We are focusing on a number of innovative products, including advanced electric power steering products, and CAAS has state-of-the-art technologies as we introduce new products and markets.”
Qizhou Wu, Chief Executive Officer of China Automotive Systems
“We continue to add technology to enhance our steering products and broaden our EPS portfolio. These advancements enable us to attract new customers and better serve our existing ones. We have increased sales to global Tier-1 vehicle OEMs in North and South America and to European-branded vehicles, and broadened our product offerings to new energy vehicles.”
Jie Li, Chief Financial Officer of China Automotive Systems
“Our stock's market capitalization is well below a number of financial metrics, including our combined cash, cash equivalents and pledged cash, working capital, and book value. Third quarter free cash flow remains robust compared with 2025.”
China Automotive Systems Reports Record Third Quarter 2026 EPS Sales; Board Approves $5 Million Share Repurchase Program PR Newswire
WUHAN, China, Nov. 11, 2026 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced preliminary third quarter 2026 sales results for its electric power steering ("EPS") products, with unit sales reaching record highs for both the quarter and the nine-month period. Separately, the Company announced that its board of directors has approved a share repurchase program of up to $5 million of its outstanding common shares.
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