WUHAN, China, May 6, 2016 /PRNewswire/ -- China Automotive
Systems, Inc. (NASDAQ: CAAS), ("CAAS" or the "Company"), a
leading power steering components and systems supplier in
China, today announced that it
will issue unaudited financial results for the first quarter ended
March 31, 2016 on Thursday, May 12, 2016 before the market
opens. Management will conduct a conference call on
May 12th at 8:30 A.M. EDT/8:30
P.M. Beijing Time to discuss these results. A question and
answer session will follow management´s presentation.
To participate, please call the following numbers 10 minutes
before the call start time and ask to be connected to the "China
Automotive Systems" conference call:
US Toll
Free:
|
+1-877-407-8031
|
Phone
Number:
|
+1-201-689-8031
(International)
|
China Toll
Free:
|
+86 400 1202 840
|
A replay of the call will be available on the company's website
under the investor relations
section.
About China Automotive Systems, Inc.
Based in Hubei Province,
the People's Republic of China,
China Automotive Systems, Inc. is a leading supplier of power
steering components and systems to the Chinese automotive industry,
operating through eight Sino-foreign joint ventures. The Company
offers a full range of steering system parts for passenger
automobiles and commercial vehicles. The Company currently offers
four separate series of power steering with an annual production
capacity of over 5.0 million sets of steering gears, columns and
steering hoses. Its customer base is comprised of leading auto
manufacturers, such as China FAW Group, Dongfeng Auto Group Co.,
Ltd., BYD Auto Company Limited, Beiqi Foton Motor Co., Ltd. and
Chery Automobile Co., Ltd. in China, and Chrysler Group LLC in North America. For more information, please
visit: http://www.caasauto.com.
Forward-Looking Statements
This press release contains statements that are "forward-looking
statements" as defined under the Private Securities Litigation
Reform Act of 1995. Forward-looking statements represent our
estimates and assumptions only as of the date of this press
release. These forward-looking statements include statements
regarding the qualitative and quantitative effects of the
accounting errors, the periods involved, the nature of the
Company's review and any anticipated conclusions of the Company or
its management and other statements that are not historical facts.
Our actual results may differ materially from the results described
in or anticipated by our forward-looking statements due to certain
risks and uncertainties. As a result, the Company's actual results
could differ materially from those contained in these
forward-looking statements due to a number of factors, including
those described under the heading "Risk Factors" in the Company's
Form 10-K annual report filed with the Securities and Exchange
Commission on March 30, 2016, and in
documents subsequently filed by the Company from time to time with
the Securities and Exchange Commission. We expressly disclaim any
duty to provide updates to any forward-looking statements made in
this press release, whether as a result of new information, future
events or otherwise.
For further information, please contact:
Jie Li
Chief Financial Officer
China Automotive Systems
jieli@chl.com.cn
Investor Relations
caas@compassbell.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/china-automotive-systems-to-announce-2016-first-quarter-results-on-may-12-2016-300264442.html
SOURCE China Automotive Systems, Inc.