An investigation on behalf of investors of SORL Auto Parts, Inc. (NASDAQ: SORL) shares over potential securities laws violations by SORL Auto Parts, Inc. and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of SORL Auto Parts, Inc. (NASDAQ: SORL) concerning whether a series of statements by SORL Auto Parts, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

China based SORL Auto Parts, Inc., together with its subsidiaries, develops, manufactures, and distributes automotive brake systems and other safety related auto parts to automotive original equipment manufacturers and the related aftermarket in the People's Republic of China. SORL Auto Parts, Inc reported that its annual Total Revenue rose from $278.74 million in 2016 to $390.52 million in 2017 and that its Net Income increased from $19.21 million in 2016 to $24.32 million in 2017.
On November 14, 2018, SORL Auto Parts, Inc reported its third quarter 2018 results, including deterioration of gross margin to 24.3% versus 26.9% year to year.

Shares of SORL Auto Parts, Inc. (NASDAQ: SORL) declined from $&.58 per share inearly 2017 to as low as $2.61 per share on November 20, 2018.