China Automotive Systems Extends 1Q Filing Date to May 23 – MarketWatch

May 13, 2022 by No Comments

By Chris Wack

China Automotive Systems Inc. said Friday it has extended its 2022 first quarter filing date to May 23.

The car-parts supplier said the Chinese government’s response to Covid-19 in April resulted in several of its subsidiaries in Shengyang, Wuhu and Shanghai being locked down.

As a result, the company’s finance team was delayed in accessing the financial records of these subsidiaries to complete its consolidated financial statements and the Form 10-Q.

The affected subsidiaries have since returned to normal operations.

China Automotive Systems shares were up 7% to $2.93 in premarket trading.

Write to Chris Wack at [email protected]



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