China Automotive Systems Extends 1Q Filing Date to May 23 – MarketWatch
May 13, 2022
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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]