SORL Auto Parts, Inc., together with its subsidiaries, develops, manufactures, and distributes automotive brake systems and other safety related auto parts to automotive original equipment manufacturers and the related aftermarket in the People's Republic of China. It operates through two segments, Commercial Vehicles Brake Systems and Passenger Vehicles Brake Systems. The company offers a range of products covering 65 categories and approximately 2000 specifications in automotive brake systems that are principally used in various types of commercial vehicles, such as trucks and buses. SORL Auto Parts, Inc. markets its products under the SORL brand through authorized distributors. The company exports its products to approximately 104 countries and regions. SORL Auto Parts, Inc. was founded in 2003 and is headquartered in Rui'an, the People's Republic of China.
came up on scan - can't find news but up +17.97% today & on watch for possible continuation tomorrow.
SORL's commercial vehicle brake sales increased 62.5% year-over-year to $85.3 million and represented 84.2% of total sales in the third quarter of 2017. Net income attributable to stockholders for the first nine months of 2017 was $21.4 million, or $1.11 per basic and diluted share, compared with $10.9 million, or $0.57 per basic and diluted share, in the same period in 2016.
