China Automotive Systems EPS sales rise 40.1% to 567,314 units

China Automotive Systems (NASDAQ:CAAS) reported preliminary third-quarter 2026 electric power steering sales of 567,314 units, an increase of 40.1% year-over-year and a quarterly record.

First-nine-month EPS sales reached a record 1,461,381 units, up 32.7% from the corresponding period in 2025, reflecting increased contributions from its operating subsidiaries.

Henglong KYB sold 466,899 units during the third quarter, up 33.1%, while Wuhu recorded sales of 101,040 units, representing a 138.6% increase year-over-year.

The company also reported that Henglong KYB sold 1,257,686 units during the first nine months, up 21.3%, while Wuhu sold 223,440 units, up 82.7%, with subsidiary figures including inter-subsidiary sales before elimination.

The board authorized a share repurchase programme of up to US$5 million over 12 months through November 10, 2027, with open-market purchases subject to a maximum price of US$5.50 per share.

Following the announcement, China Automotive Systems' share-price reaction was not provided in the supplied results.

China Automotive Systems manufactures automotive steering systems and components, including electric power steering products supplied to vehicle manufacturers and automotive customers.

The company said the repurchase programme's timing and purchase amounts will depend on market conditions and other factors, while its reported third-quarter and nine-month sales figures remain preliminary and unaudited.