JINGZHOU, China (AP) _ China Automotive Systems Inc. (CAAS) on Wednesday reported fourth-quarter net income of $5 million, after reporting a loss in the same period a year earlier.
The Jingzhou, China-based company said it had net income of 16 cents per share.
The auto parts supplier posted revenue of $138.8 million in the period.
For the year, the company reported net income of $11.1 million, or 36 cents per share, swinging to a profit in the period. Revenue was reported as $498 million.
China Automotive Systems expects full-year revenue of $510 million.
The company’s shares closed at $3.19. A year ago, they were trading at $4.85.
