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China Automotive Systems Reports Preliminary Q3 EPS Sales Of 567,314 Units, Up 40.1% YoY; Announces $5M Stock Buyback

Benzinga Newsdesk 2 hours ago

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Record EPS Unit SalesEPS product sales reached record levels in the third quarter and the first nine months of 2026:Third quarter 2026: EPS sales of 567,314 units, a record high, an increase of 40.1%, compared with the

Record EPS Unit Sales

EPS product sales reached record levels in the third quarter and the first nine months of 2026:

Third quarter 2026: EPS sales of 567,314 units, a record high, an increase of 40.1%, compared with the third quarter of 2025.

First nine months of 2026: EPS sales of 1,461,381 units, an all-time high, an increase of 32.7%, compared with the first nine months of 2025.

The record results were achieved across the Company's EPS operations:

Henglong KYB: record EPS sales of 466,899 units in the third quarter of 2026, an increase of 33.1% year-over-year, and 1,257,686 units in the first nine months of 2026, an increase of 21.3% year-over-year.

Wuhu: record EPS sales of 101,040 units in the third quarter of 2026, an increase of 138.6% year-over-year, and 223,440 units in the first nine months of 2026, an increase of 82.7% year-over-year.

Unit sales reported by the Company's subsidiaries are stated before the elimination of inter-subsidiary sales; accordingly, the sum of the subsidiary figures above exceeds the Company's consolidated unit sales. The unit sales figures presented above are preliminary and unaudited.

Share Repurchase Program

Separately, the Company announced that its board of directors has approved a share repurchase program of up to $5 million of its outstanding common shares. Repurchases may be made from time to time over the next 12 months in open market transactions at prevailing market prices not to exceed $5.50 per share through November 10, 2027, subject to applicable laws, regulations and approvals. The timing and amount of any repurchases will depend on a variety of factors, including market conditions. 

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