SORL Auto Parts, Inc. (SORL) - NASDAQ
  • Mon, May 16, 6:58 AM
    • SORL Auto (NASDAQ:SORL) reports international sales fell 10.1% to $12.5M in Q1 due to lower truck production and currency depreciation in several overseas markets.
    • Domestic aftermarket sales expanded 6.5% to $13.2M.
    • Domestic OEM customers sales grew 8.9% to $28.1M due to higher truck sales in the quarter.
    • Total truck sales advanced 1.1%, led by 7% growth in the heavy-duty segment.
    • Gross margin rate rose 50 bps to 26.8%.
    • Operating expense rate increased 1770 bps to 36.4% due to higher S&D, G&A and R&D expenses.
    • FY2016 Guidance: Net sales: ~$200M; Net income: ~$11.5M.
    | Mon, May 16, 6:58 AM | 1 Comment
  • Thu, Mar. 31, 7:02 AM
    • SORL Auto (NASDAQ:SORL) reports international sales dropped 11% to $15.3M in Q4 due to lower commercial vehicle production and currency depreciation in several overseas markets.
    • Domestic aftermarket sales squeezed 13% to $16M.
    • Domestic OEM customers sales fell 7.6% to $25.5M due to lower sales of trucks in the quarter.
    • Gross margin rate declined 50 bps to 27.2%.
    • Operating expense rate declined 600 bps to 13.8% due to reduced G&A and R&D expenses.
    • FY2016 Guidance: Net sales: ~$200M; Net income: ~$11.5M.
    | Thu, Mar. 31, 7:02 AM | 1 Comment
  • Fri, Jan. 8, 12:49 PM
    | Fri, Jan. 8, 12:49 PM | 2 Comments
  • Nov. 16, 2015, 6:31 AM
    • SORL Auto (NASDAQ:SORL) reports international sales fell 14.9% to $14.9M in Q3.
    • Domestic aftermarket sales dropped 11% to $15.3M.
    • Domestic OEM customers sales declined 16.3% to $20.1M.
    • Commercial vehicle brake sales -16% to $40.4M.
    • Gross margin rate grew 90 bps to 27.2% primarily due to a shift in product mix during the quarter.
    • Operating margin rate down 410 bps to 2.9%.
    • FY2015 Guidance: Net sales: ~$217M; Net income: ~$11.5M.
    • SORL -2.07% premarket.
    | Nov. 16, 2015, 6:31 AM | 2 Comments
  • Nov. 2, 2015, 7:46 AM
    • Sorl Auto Parts (NASDAQ:SORL) announces it received a buyout offer from a consortium led by CEO Xiaoping Zhang at $2.84 per share.
    • The board of directors says a special committee of independent directors will review the non-binding offer.
    • SORL +4.72% premarket to $2.44.
    | Nov. 2, 2015, 7:46 AM
  • Aug. 14, 2015, 6:26 AM
    • SORL Auto (NASDAQ:SORL) reports international sales fell 8.2% to $16.9M.
    • Domestic aftermarket sales decreased 9.1% to $14M.
    • Domestic OEM customers sales -11% to $28.4M.
    • Gross margin rate slipped 30 bps to 27.9% due to temporary price promotions to capture market share and higher labor expenses.
    • Operating margin rate declined 419 bps to 4.45%.
    • FY2015 Guidance: Net sales: ~$240M; Net income: ~$14M.
    • Q2 results
    | Aug. 14, 2015, 6:26 AM | 1 Comment
  • Aug. 12, 2015, 12:44 PM
    | Aug. 12, 2015, 12:44 PM | 2 Comments
  • May 15, 2015, 7:03 AM
    • SORL Auto (NASDAQ:SORL) reports international sales rose 27.5% to $13.9M.
    • Domestic aftermarket sales increased 18% to $12.4M.
    • Gross margin rate fell 447 bps to 26.31% primarily due to temporary price promotions to increase sales and market share.
    • Operating margin rate improved 19 bps to 8.69%.
    • FY2015 Guidance: Net sales: ~$256M; Net income: ~$15M.
    • Q1 results
    | May 15, 2015, 7:03 AM
  • May 16, 2014, 12:46 PM
    | May 16, 2014, 12:46 PM
  • Mar. 31, 2014, 12:47 PM
    | Mar. 31, 2014, 12:47 PM | 4 Comments
  • Nov. 11, 2013, 12:45 PM
    | Nov. 11, 2013, 12:45 PM | 3 Comments
  • Aug. 26, 2013, 5:21 PM
    | Aug. 26, 2013, 5:21 PM
  • Aug. 2, 2013, 12:45 PM
    | Aug. 2, 2013, 12:45 PM
  • Aug. 2, 2013, 9:10 AM
    | Aug. 2, 2013, 9:10 AM | 1 Comment
  • Mar. 18, 2013, 12:48 PM
    Midday top 10 gainers: YRCW +25%. PRWT +22%. ULTR +17%. IG +17%. CHYR +16%. ATOS +14%. TA +13%. NYMX +13%. WILC +11%. SORL +11%.
    Midday top 10 losers: AMBO -19%. PTX -12%. SOL -10%. CNET -10%. EMITF -9%. TSEM -8%. MNDO -8%. RGDX -8%. JVA -8%. AMBA -8%.
    | Mar. 18, 2013, 12:48 PM | 1 Comment
  • Nov. 14, 2012, 10:37 AM
    Shares of Sorl Auto Parts (SORL +7.5%) jumped out of the gate this morning after its Q3 bottom line easily beat estimates, despite a slowdown in original equipment sales. Net income fell 4.2% Y/Y as sluggish new vehicle sales in China challenge its core revenue stream. The company noted however that the aging Chinese vehicle market is giving a boost to its aftermarket parts sales, and it raises FY earnings estimates to around $11.5M on sales of $191.4M.
    | Nov. 14, 2012, 10:37 AM
Company Description
SORL Auto Parts, Inc. develops, manufactures and distributes automotive air brake valves and related components to automotive original equipment manufacturers and the related aftermarkets in China and around the world. The company's products are used in different types of commercial vehicles,... More
Industry: Auto Manufacturers - Major
Country: China