SORL Auto Parts, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, sales were $107,726,682 against $74,746,394 a year ago. Income from operations was $13,994,769 against $9,627,541 a year ago. Income before income taxes provision was $10,798,221 against $8,978,973 a year ago. Net income attributable to stockholders was $8,273,502 or $0.43 per basic and diluted share compared with $6,923,519 or $0.36 per basic and diluted share a year ago. Net cash flows provided by operating activities was $36,305,255 against net cash flows used in operating activities of $3,492,261 a year ago. Acquisition of property, equipment and land use rights was $19,682,775 against $14,320,981 a year ago. The increase in income before income taxes reflected higher sales and operating income during the first quarter of 2018 compared to the first quarter of 2017.

For the fiscal year 2018, the management has reiterated guidance for net sales of $450 million and net income attributable to common stockholders of $28 million.