China Automotive Systems Record Earnings Per Share Rose 98% in the First Half of 2026
China Automotive Systems posted record net sales of $412.5 million and a 98% rise in earnings per share for the first six months of 2026, driven by strong gross profit and operational income growth
On August 13, 2026, Wuhan, China-based supplier China Automotive Systems, Inc., trading on NASDAQ as CAAS, officially announced its unaudited financial results for the first six months ended June 30, 2026. The leading supplier of power steering components and systems in China recorded a 98% year-over-year increase in earnings per share for the first half of 2026.[1][2]
The company achieved record top-line performance during the six-month period, as net sales grew by 20.1% year-over-year to reach $412.5 million, compared to $343.3 million reported in the first six months of 2025. Alongside sales growth, gross profit expanded by 49.7% year-over-year to $88.5 million, up from $59.1 million in the corresponding period of 2025, which raised the company's gross profit margin to 21.5%.[1][2]
Operational profitability also experienced strong gains in the first half of 2026. China Automotive Systems reported that its income from operations rose by 100.4% year-over-year to $43.3 million, up from $21.6 million in operational income generated during the first six months of 2025.[1][2]
