Company research
CHINA AUTOMOTIVE SYSTEMS INC/2
CIK 1157762Updated Jul 17, 2026
Name history
CHINA AUTOMOTIVE SYSTEMS INC · through Aug 13, 2025VISIONS IN GLASS INC · through May 15, 2003
Filing activity
Latest filing
50 filings on record · 15-12G, S-8 POS, 8-K, 10-Q, DEF 14A, DEFA14A.
About the company
Based in Hubei Province, the People's Republic of China, China Automotive Systems, Inc. is a leading supplier of power steering components and systems to the Chinese automotive industry, operating through its sixteen Sino-foreign joint ventures and wholly owned subsidiaries. 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 over 8 million sets of steering gears, columns and steering hoses. Its customer base is comprised of leading auto manufacturers, such as China FAW Group, Corp., Dongfeng Auto Group Co., Ltd., BYD Auto Company Limited, Beiqi Foton Motor Co., Ltd. and Chery Automobile Co., Ltd. in China, and Stellantis N.V. and Ford Motor Company in North America. For more information, please visit: http://www.caasauto.com.
Recent filings
15-12G filing
S-8 POS filing
Submission of Matters to a Vote of Security Holders · Other Events
Items 5.07, 8.01, 9.01
Results of Operations and Financial Condition
Items 2.02, 9.01
10-Q filing
Show 5 more recent filings
DEF 14A filing
Entry into a Material Definitive Agreement
Items 1.01, 9.01
Submission of Matters to a Vote of Security Holders
Items 5.07
Results of Operations and Financial Condition
Items 2.02, 9.01
10-Q filing
Financials
FY 2024 · USDSource
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balance sheet · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 850,579,000Source | 766,440,000Source | 714,352,000Source | 716,762,000Source |
| Property, Plant and Equipment, NetUSD | 103,820,000Source | 101,359,000Source | 106,606,000Source | 127,721,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 3,417,000Source | 3,865,000Source | 1,273,000Source | 1,812,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 56,961,000Source | 114,660,000Source | 121,216,000Source | 131,695,000Source |
| Inventory, NetUSD | 112,558,000Source | 112,392,000Source | 112,236,000Source | 116,493,000Source |
| Assets, CurrentUSD | 602,638,000Source | 564,075,000Source | 520,718,000Source | 501,380,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | — | 15,999,000Source | 10,907,000Source | 12,696,000Source |
| Operating Lease, Right-of-Use AssetUSD | 94,000Source | 278,000Source | 477,000Source | 138,000Source |
| Other Assets, NoncurrentUSD | 3,202,000Source | — | 0Source | 16,312,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 460,790,000Source | 398,018,000Source | 386,937,000Source | 379,321,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 3,000Source | 3,000Source | 3,000Source | 3,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -14,780,000Source | -8,258,000Source | -3,413,000Source | 24,717,000Source |
| Stockholders' Equity Attributable to ParentUSD | 349,569,000Source | 344,464,000Source | 311,651,000Source | 321,034,000Source |
| Additional Paid in Capital, Common StockUSD | 69,656,000Source | 63,731,000Source | 63,731,000Source | 63,731,000Source |
| Liabilities and EquityUSD | 850,579,000Source | 766,440,000Source | 714,352,000Source | 716,762,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 456,482,000Source | 383,739,000Source | 364,195,000Source | 351,816,000Source |
| Operating Lease, Liability, CurrentUSD | 52,000Source | 203,000Source | 226,000Source | 128,000Source |
| Operating Lease, Liability, NoncurrentUSD | — | 52,000Source | 255,000Source | 22,000Source |
| Deferred Income Tax Liabilities, NetUSD | 3,885,000Source | 3,943,000Source | 4,010,000Source | 4,380,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 40,220,000Source | 23,345,000Source | 15,182,000Source | 15,854,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 59,238,000Source | 44,771,000Source | 48,311,000Source | 50,332,000Source |
| Dividends Payable, CurrentUSD | — | 424,000Source | 431,000Source | 471,000Source |
| Long-term Debt, Excluding Current Maturities | — | — | — | — |
| Long-term Debt, Current MaturitiesUSD | 697,000Source | — | — | — |
| Long-term Debt, Excluding Current MaturitiesUSD | 145,000Source | — | — | — |
| Redeemable Noncontrolling Interest, Equity, Carrying AmountUSD | — | 613,000Source | 582,000Source | 553,000Source |
| Short-term InvestmentsUSD | 27,563,000Source | 11,084,000Source | 12,861,000Source | 1,756,000Source |
cash flow · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 37,899,000Source | 42,738,000Source | 22,343,000Source | 10,726,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 20,224,000Source | 18,708,000Source | 25,173,000Source | 27,113,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | 0Source | 88,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in InventoriesUSD | 1,791,000Source | 1,654,000Source | 5,368,000Source | 25,684,000Source |
| Deferred Income Tax Expense (Benefit)USD | -6,036,000Source | -1,319,000Source | 1,243,000Source | 4,020,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 9,776,000Source | 19,906,000Source | 48,023,000Source | 28,271,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -77,931,000Source | -28,637,000Source | -32,740,000Source | 2,963,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 43,656,000Source | 18,235,000Source | 20,296,000Source | 9,260,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 68,000Source | 0Source | 2,434,000Source | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 17,365,000Source | 6,798,000Source | -1,583,000Source | -3,119,000Source |
| Payments of Ordinary Dividends, Common StockUSD | 22,433,000Source | — | — | 0Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -53,370,000Source | -3,757,000Source | -548,000Source | 31,438,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 101,824,000Source | 155,194,000Source | 158,951,000Source | 159,499,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 1,792,000Source | 1,145,000Source | 1,492,000Source | 1,843,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | -2,580,000Source | -1,824,000Source | -14,248,000Source | — |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | — | — | 0Source | 100,000Source |
| Amortization of Intangible AssetsUSD | 1,100,000Source | 1,000,000Source | 600,000Source | 600,000Source |
| DepreciationUSD | 18,700,000Source | 17,200,000Source | 24,200,000Source | 26,100,000Source |
| Dividends Payable, CurrentUSD | — | 424,000Source | 431,000Source | 471,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -2,107,000Source | 1,524,000Source | 9,833,000Source | -3,204,000Source |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber PropertyUSD | -1,300,000Source | 3,000Source | -58,000Source | -389,000Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | -1,215,000Source | — | — | — |
| Income (Loss) from Equity Method InvestmentsUSD | -340,000Source | -360,000Source | 2,389,000Source | 6,331,000Source |
| Income (Loss) from Equity Method Investments, Net of Dividends or DistributionsUSD | -340,000Source | -360,000Source | 2,389,000Source | 6,331,000Source |
| Income Tax Expense (Benefit)USD | 5,892,000Source | 5,137,000Source | 3,082,000Source | 4,004,000Source |
| InterestExpenseNonoperatingUSD | 1,813,000Source | — | — | — |
| Investment Income, InterestUSD | 2,363,000Source | 3,355,000Source | 1,247,000Source | 1,242,000Source |
| Net Income (Loss) Attributable to ParentUSD | 29,979,000Source | 37,658,000Source | 21,181,000Source | 11,050,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 7,897,000Source | 5,050,000Source | 1,132,000Source | -352,000Source |
| Operating ExpensesUSD | 73,232,000Source | 70,294,000Source | 79,139,000Source | 70,929,000Source |
| Other Nonoperating Income (Expense)USD | 5,776,000Source | 5,345,000Source | 5,782,000Source | 6,668,000Source |
| Payments to Acquire InvestmentsUSD | 77,859,000Source | 68,550,000Source | 80,244,000Source | 63,478,000Source |
| Proceeds from Contributed CapitalUSD | 15,504,000Source | — | — | — |
| Proceeds from Noncontrolling InterestsUSD | — | 3,459,000Source | — | 0Source |
income statement · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Total RevenueUSD | 650,935,000Source | 576,354,000Source | 529,551,000Source | 497,993,000Source |
| Cost of RevenueUSD | 541,751,000Source | 472,603,000Source | 446,157,000Source | 425,914,000Source |
| Selling, General and Administrative ExpenseUSD | 27,728,000Source | 25,503,000Source | 26,120,000Source | 24,423,000Source |
| Operating Income (Loss)USD | 40,255,000Source | 39,245,000Source | 7,951,000Source | 5,518,000Source |
| Other Nonoperating Income (Expense)USD | 5,776,000Source | 5,345,000Source | 5,782,000Source | 6,668,000Source |
| Income Tax Expense (Benefit)USD | 5,892,000Source | 5,137,000Source | 3,082,000Source | 4,004,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 7,897,000Source | 5,050,000Source | 1,132,000Source | -352,000Source |
| Net Income (Loss) Attributable to ParentUSD | 29,979,000Source | 37,658,000Source | 21,181,000Source | 11,050,000Source |
| Earnings Per Share, BasicUSD per share | 0.99Source | 1.25Source | 0.69Source | 0.36Source |
| Earnings Per Share, DilutedUSD per share | 0.99Source | 1.25Source | 0.69Source | 0.36Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 30,184,513Source | 30,185,702Source | 30,639,102Source | 30,851,776Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 30,184,513Source | 30,189,421Source | 30,641,274Source | 30,855,431Source |
| Interest Expense (non-operating)USD | 1,813,000Source | — | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 1,100,000Source | 1,000,000Source | 600,000Source | 600,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -2,107,000Source | 1,524,000Source | 9,833,000Source | -3,204,000Source |
| Gross ProfitUSD | 109,184,000Source | 103,751,000Source | 83,394,000Source | 72,079,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | -340,000Source | -360,000Source | 2,389,000Source | 6,331,000Source |
| Interest ExpenseUSD | — | 1,021,000Source | 1,450,000Source | 1,437,000Source |
| Investment Income, InterestUSD | 2,363,000Source | 3,355,000Source | 1,247,000Source | 1,242,000Source |
| Investment Income, NetUSD | 1,930,000Source | 1,465,000Source | 1,912,000Source | 1,670,000Source |
| Operating ExpensesUSD | 73,232,000Source | 70,294,000Source | 79,139,000Source | 70,929,000Source |
| Research and Development ExpenseUSD | 27,649,000Source | 29,181,000Source | 36,109,000Source | 28,228,000Source |
| Selling ExpenseUSD | 17,855,000Source | 15,610,000Source | 16,910,000Source | 18,278,000Source |
Filing attachments
tm2523238d1_ex99-1.htm · 8-K · 2025-08-13
EX-99.1 2 tm2523238d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 China Automotive Systems Reports Income From Operations Increased by 20.2% in the Second Quarter of 2025 WUHAN, China, August 13, 2025 -- China Automotive Systems, Inc. (NASDAQ: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced its unaudited financial results for the second quarter and six months ended June 30, 2025. Second Quarter 2025 Highlights Net sales rose …
Read attachment ↗tm2514811d1_ex99-1.htm · 8-K · 2025-05-14
EX-99.1 2 tm2514811d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 China Automotive Systems Reports 19.9% Increase in Net Sales in First Quarter of 2025 WUHAN, China, May 14, 2025 - China Automotive Systems, Inc. (NASDAQ: CAAS) (“CAAS” or the “Company”), a leading power steering components and systems supplier in China, today announced its unaudited financial results for the first quarter ended March 31, 2025. First Quarter 2025 Highlights Net sales grew by 19.9% year-over-year to $167.1 milli…
Read attachment ↗tm2510511d1_ex99-1.htm · 8-K · 2025-03-28
EX-99.1 2 tm2510511d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 China Automotive Systems Reports 13% Revenue Increase to Annual Record - Electric Power Steering (“EPS”) Sales Increased by 29.9% in 2024 - WUHAN, China, March 28, 2025 -- China Automotive Systems, Inc. (NASDAQ: CAAS) (“CAAS” or the “Company”), a leading power steering components and systems supplier in China, today announced its unaudited financial results for the fourth quarter and the audited results for the fiscal year ended D…
Read attachment ↗