China Automotive Systems’ net income down 18.5% y/y to USD27.4 million in 2015

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Financial results

Expects net sales of USD450 million in 2016

China Automotive Systems has reported an 18.5% year-over-year (y/y) decline in net income to USD27.4 million in the financial year ended 31 December 2015, according to a company press release.

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