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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 164M | 3.5% |
| Gross Profit | 26M | 10.1% |
| Cost of Revenue | 138M | 6.6% |
| Operating expense | 16M | 21.8% |
| Net Income | 5.5M | 22.9% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 829M | 5.6% |
| Total Liabilities | 440M | 13.9% |
| Total Equity | 350M | 3.5% |
| Shares Outstanding | 30M | 0% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 7.4M | 661.4% |
| Cash from investing | -23M | 96.2% |
| Cash from financing | 2.1M | 66.4% |
EPS
Financial Highlights for China Automotive Systems in Q3 '24
China Automotive Systems reported a revenue of 164M, which is a 3.5% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 26M, marking a -10.1% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 138M, a 6.6% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 16M, showing a -21.8% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 5.5M, showing a -22.9% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
China Automotive Systems faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. An increase in the cost of revenue, higher than the revenue growth, suggests potential margin pressures. A decline in EBITDA signals potential operational challenges or increased costs.
