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Monday, May 15, 2017

SORL Auto Parts (SORL) reported Q1 earnings on Mon 15 May 17 (b/o)

  • Headquarters: Rui'an, Wenzhou, China
  • Founded: 1982
  • sorl.cn
** charts before earnings **


** charts after earnings **


  




  • One week later:  another +40%



  • And 4 weeks later:


Sorl auto parts reports a 37.4% increase in sales and a significant increase in eps for the first quarter of 2017

* Q1 earnings per share $0.36

* Sees fy 2017 sales about $315 million

* Q1 sales rose 37.4 percent to $73.9 million

* Sorl auto parts inc - for 2017, has increased annual guidance of net sales to be approximately $315 million and net income to be approximately $27.5 million.

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