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Industry Watch

CAAS lowers guidance, attractive on valuation

CAAS lowers guidance, attractive on valuation

August 12, 2011 (Chinavestor) China Automotive Systems (NASDAQ:CAAS) reported second quarter earnings after the closing bell on Thursday.

Highlights:

  • Revenues came out to $82.5 million, representing a decline YoY and QoQ as well.
  • Gross margins deteriorated to 17.9% vs. 23.3% same time last year.
  • Net income was $3.9 million, or $0.14 diluted earnings per share, a significant decline from $23.9 million, or $0.28 diluted earnings per share the same time last year.
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Industry Watch

China Southern controlled airlines buys six B787 aircraft

China Southern controlled airlines buys six B787 aircraft May 9, 2011 (Chinavestor) China Southern Airlines (NYSE:ZNH), the largest Chinese airline by fleet size, announced that Xiamen Airlines purchased six Boeing B787 series aircraft wirth $1,098 million....
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Industry Watch

Can CAAS lift sector?

Can CAAS lift sector? April 11, 2011 (Chinavestor) Shares of China Automotive Systems (NASDAQ:CAAS) surged 32.5% last Friday after the company reported better-than-expected 2010 fourth quarter numbers. But despite a sign...
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Industry Watch

China Southern Air Falls Despite Record Numbers

China Southern Air Falls Despite Record Numbers March 29, 2011 (Chinavestor) China Southern Airlines (NYSE:ZNH), the largest Chinese carrier, reported full year 2010 numbers today. The company reported record revenue and an 18 times profit growth ...
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Industry Watch

ZNH Estimates Profit Increase of 1,500%

ZNH Estimates Profit Increase of 1,500% January 11, 2011 (Chinavestor) China Southern Airlines (NYSE:ZNH), the largest Chinese domestic airline, issued a statement today that profit for 2010 is expected to grow 15 times over 2009 results. ...
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