SORL Auto Parts (SORL) to be acquired by Ruili International for $4.72 per share in cash

• The members of the Sino-foreign consortium other than Ruili Group already held in the aggregate about 59% of the total SORL shares.
• U.S. IPO in 2006
• SORL +23.53% premarket to $4.20.
• Headquarters: Rui'an, Wenzhou, China

"We are engaged in the business of manufacturing in China and distributing automotive parts globally with a focus on air brake valves and related components for commercial vehicles weighing more than three tons, such as trucks and buses.  We are the largest commercial vehicle air brake system manufacturer in China, with 21% of the Chinese domestic market share, producing 40 categories of brake valves with over 800 different specifications which are distributed under the trademark “SORL”."

SORL Auto Parts (SORL) reported Q1 earnings on Tue 15 May 18 (b/o)

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During the first quarter of the year, Sorl Auto Parts, Inc. reported earnings per share of 43 cents. This is better than its earnings per share of 36 cents reported in the same period of the year prior. It was also a boon to SORL stock by coming in well above Wall Street’s earnings per share estimate of 19 cents for the quarter.

Net income reported by Sorl Auto Parts, Inc. for the first quarter of 2018 came in at $9.19 million. This is an increase over the company’s net income of $7.69 million that was reported in the first quarter of 2017.


Sorl Auto Parts, Inc.’s operating income was $13.99 million for the first quarter of the year. The auto parts manufacturer reported operating income of $9.63 million for the same quarter of the previous year.

Sorl Auto Parts, Inc. also reported revenue of $107.73 million for the first quarter of 2018. This is a roughly 44% jump from its revenue of $74.75 million that was reported in the same time last year. It was also good news for SORL stock by blowing past analysts’ revenue estimate of $86.96 million for the period.

Sorl Auto Parts, Inc. notes that part of the reason for its strong revenue in the first quarter of the year was an increase in aftermarket sales in China. The company says it saw aftermarket sales in the country increase about 73% from $22.00 million to $38.00 million.

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

• Headquarters: Rui'an, Wenzhou, China
• Founded: 1982
• sorl.cn

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• 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.