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China Automotive Systems posts 3Q profit

JING ZHOU, China (AP) _ China Automotive Systems Inc. (CAAS) on Thursday reported third-quarter profit of $5.1 million.

On a per-share basis, the Jing Zhou, China-based company said it had profit of 16 cents.

The auto parts supplier posted revenue of $118.4 million in the period.

China Automotive Systems expects full-year revenue of $495 million.

China Automotive Systems shares have declined nearly 5 percent since the beginning of the year. The stock has risen 30 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CAAS at https://www.zacks.com/ap/CAAS