SORL Auto Parts, Inc. reported consolidated earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, the company's net sales rose 45.7% to $82.9 million from $56.9 million a year ago. Net Income attributable to stockholders was $8.3 million, or $0.43 per diluted share, compared with $5.9 million, or $0.31 per diluted share in the fourth quarter of 2015. Income before income taxes was $10.8 million compared with $6.2 million in the fourth quarter of 2015. The increase in income before income taxes reflected higher sales and increased income from operations during the fourth quarter of 2016 compared to the fourth quarter of 2015.

For the year, the company reported total sales of $72,904,281 against $59,410,418 a year ago. Income from operations was $23,192,269 against $14,741,289 a year ago. Income before provision for income taxes was $24,621,323 against $16,559,843 a year ago. Net income attributable to common stockholders was $19,219,394 or $1.00 per basic and diluted share against $13,308,486 or $0.69 per basic and diluted share a year ago. Net cash flows provided by operating activities were $5,427,570 against $39,314,251 a year ago. Acquisition of property, equipment, plant and land use right was $15,889,693 against $3,062,369 a year ago.

For the fiscal year 2017, the management expects net sales to be approximately $300 million and net income attributable to stockholders to be approximately $21.0 million.