China Automotive Systems Reports Record Q3 2026 EPS Unit Sales and $5 Million Share Repurchase Program
China Automotive Systems, Inc. (CAAS) has announced record-breaking preliminary third quarter 2026 sales for its electric power steering (EPS) products. Total EPS unit sales for the quarter reached 567,314 units, representing a 40.1% increase compared to the same period in 2025. The company's nine-month performance also hit an all-time high with over 1.46 million units sold. In addition to the strong sales growth driven by its subsidiaries Henglong KYB and Wuhu, the company's board has approved a $5 million share repurchase program. This program allows for the buyback of common shares at market prices not exceeding $5.50 per share through November 2027. Management indicated that the move is intended to address an undervalued stock price relative to the company's cash flow and growth metrics.