SORL Auto Parts Reports Q4 EPS of $0.31 vs. $0.23

SORL Auto Parts, Inc. SORL announced financial results for the fourth quarter ended December 31, 2010. SORL's consolidated net sales were $54.8 million, an $8.9 million or 19.4% increase over the $45.9 million in the same quarter of 2009. SORL's consolidated net income attributable to stockholders for the 2010 fourth quarter was $5.9 million, or $0.31 per diluted share, a 5.6% gain over the $5.6 million, or $0.30 per diluted share, in the year ago fourth quarter.