updated 4/11/2011 7:16:57 AM ET 2011-04-11T11:16:57

DALLAS, April 11, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring China Automotive Systems Inc. (Nasdaq:CAAS). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.

The full report is available at: www.microstockprofit.com/lp/CAAS

China Automotive Systems Inc. (CAAS), through its interests in Sino-foreign joint ventures, engages in the manufacture and sale of power steering components and systems to the Chinese automotive industry. The Company offers a full range of steering system parts for passenger automobiles and commercial vehicles. The Company currently offers four separate series of power steering with an annual production capacity of more than 3.5 million sets, steering columns, steering oil pumps and steering hoses. Its customer base is comprised of leading Chinese auto manufacturers, such as China FAW Group Corp., Dongfeng Auto Group Co. Ltd., BYD Auto Company Ltd, Beiqi Foton Motor Co. Ltd. and Chery Automobile Co. Ltd.

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In the report, the analyst notes:

"Shares of CAAS soared on Friday after the power-steering components supplier reported strong preliminary fourth-quarter results, with net sales that came in ahead of analysts' estimates. Analysts, on average, expected revenues of $89.98 million for the quarter, according to a poll by Thomson Reuters."

"Apart from easing accounting concerns, the Company said it expects revenue to continue to grow at about a 20% rate year-over-year in 2011, which implies revenue of $415.1 million. This would beat analysts' average estimate of $398.55 million for the year."

To read the entire report visit: www.microstockprofit.com/lp/CAAS

See what investors are saying about CAAS at http://www.stockhideout.com

Get breaking news on CAAS at http://thestockmarketwatch.com/

MicroStockProfit.com is a small-cap research and investment commentary provider. MicroStockProfit.com strives to provide a balanced view of many promising small-cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the public information available on them. For more information on MicroStockProfit please visit: http://www.microstockprofit.com

MicroStockProfit.com Disclosure

MicroStockProfit.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. MicroStockProfit.com is a Web site wholly owned by BlueWave Advisors, LLC. Neither MicroStockProfit.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. Please read our report and visit our Web site, MicroStockProfit.com, for complete risks and disclosures.

CONTACT: Brian Johnson

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