China Automotive Systems shares rise 10.31% premarket on 77.8% EPS growth, $193.2M revenue, and new international orders.

China Automotive Systems (CAAS) surged 10.31% in premarket trading following the release of its third-quarter earnings report, which highlighted a 77.8% year-over-year increase in diluted earnings per share to $0.32 and a 17.7% rise in net sales to $193.2 million. The company attributed the growth to robust international sales, including a 77.3% jump in North America and 30.5% growth in Brazil, alongside improved gross profit margins and new product orders, such as its second-generation intelligent electro-hydraulic steering systems. CEO Qizhou Wu emphasized expanded international contracts, including a $100 million European R-EPS order, while CFO Jie Li highlighted a strengthened balance sheet with $167.3 million in cash. The re-domiciliation to the Cayman Islands and guidance for $730 million in 2025 revenue further reinforced investor confidence, directly aligning with the stock’s sharp premarket ascent.