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China Automotive Systems inc   (CAAS)
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Price: $3.4400 $-0.09 -2.550%
Day's High: $3.54 Week Perf: 4.88 %
Day's Low: $ 3.40 30 Day Perf: 2.99 %
Volume (M): 48 52 Wk High: $ 7.69
Volume (M$): $ 165 52 Wk Avg: $4.41
Open: $3.54 52 Wk Low: $3.04



 Market Capitalization (Millions $) 104
 Shares Outstanding (Millions) 30
 Employees 4,230
 Revenues (TTM) (Millions $) 515
 Net Income (TTM) (Millions $) -6
 Cash Flow (TTM) (Millions $) 3
 Capital Exp. (TTM) (Millions $) 23

China Automotive Systems Inc

China Automotive Systems, Inc., was incorporated in the State of Delaware on June 29, 1999. Through its subsidiary, Great Genesis Holdings Limited, “Genesis,” a corporation organized under the laws of the Hong Kong Special Administrative Region, China, it owns interests in eight Sino-joint ventures and five wholly-owned subsidiaries in the People’s Republic of China, “China” or the “PRC,” which manufacture power steering systems and/or related products for different segments of the automobile industry. Genesis also owns interests in a Brazil-based trading company, which engages mainly in the import and sales of automotive parts in Brazil.

The Company is a holding company and has no significant business operations or assets other than its interest in Genesis.

The Company has business relationships with more than sixty vehicle manufacturers, including FAW Group and Dongfeng Auto Group Co., Ltd, two of the five largest automobile manufacturers in China; Shenyang Brilliance Jinbei Co., Ltd., the largest light vehicle manufacturer in China; Chery Automobile Co., Ltd, the largest state owned car manufacturer in China, and BYD Auto Co., Ltd and Zhejiang Geely Automobile Co., Ltd., the largest privately owned car manufacturers in China. The PRC-based joint ventures of General Motors (GM), Volkswagen, Citroen and Fiat Chrysler North America are all key customers of the Company. Starting in 2008, the Company has supplied power steering gears to the Sino-foreign joint ventures established by GM, Citroen and Volkswagen in China. The Company has supplied power steering gear to Fiat Chrysler North America since 2009.

the Company’s short to medium term strategic plan is to focus on both domestic and international market expansion. To achieve this goal and higher profitability, the Company focuses on brand recognition, quality control, cost efficiency, research and development and strategic acquisitions. Set forth below are the Company’s programs:

Brand Recognition. Under the brands of Henglong and Jiulong, the Company offers four separate series of power steering sets and 310 models of power steering sets, steering columns and steering hoses.

Quality Control. The Henglong and Jiulong manufacturing facilities obtained the ISO/TS 16949 System Certification in January 2004, a well-recognized quality control system in the auto industry developed by TUVRheindland of Germany.

Cost Efficiency. By improving the Company’s production ability and enhancing equipment management, optimizing the process and products structure, perfecting the supplier system and cutting production cost, the Company’s goal is to achieve a more competitive profit margin.

Research and Development. The Company established Testing Center for the research and development of products and, by partnering with Nanyang Ind. Co. Ltd. and Tsinghua University for the development of advanced steering systems, the Company’s objective is to gain increased market share in China.

International Expansion. The Company has entered into agreements with several international vehicle manufacturers and auto parts modules suppliers and carried on preliminary negotiations regarding future development projects. During 2015, Hubei Henglong, one of the Company’s subsidiaries, increased its overseas sales in North America by 5.6%.



   Company Address: No. 1 Henglong Road, Yu Qiao Development Zone Hubei Province 0
   Company Phone Number: 716- 412- 7901   Stock Exchange / Ticker: NASDAQ CAAS
   CAAS is expected to report next financial results on March 29, 2024.


Customers Net Income grew by CAAS's Customers Net Profit Margin grew to

25.66 %

8.71 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

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• View Complete Report
   



China Automotive Systems Inc

Eye-Catching Growth: China Automotive Systems Inc Surges 0.243% in Q3 2023, Investors Fuel Excitement


By
As the market eagerly awaited China Automotive Systems Inc's third-quarter financial results, the company's performance highlighted some notable trends and areas of concern. With earnings per share (EPS) witnessing an impressive 29.17% growth compared to the previous year, the automaker exhibited resilience amidst a challenging economic landscape. However, profits dipped slightly from the preceding quarter, raising questions about short-term profitability.
China Automotive Systems Inc's revenue growth was modest but encouraging, with a 0.243% increase to $137.54 million from the same quarter the previous year. Sequentially, revenue expanded by 0.095%, signaling stability in the company's operations. Nevertheless, it is worth noting that the firm's overall growth within the auto and truck parts sector fell short of the impressive 3.62% growth experienced by its industry peers during the third quarter of 2022.

China Automotive Systems Inc

China Automotive Systems Inc Smashes Expectations with a Remarkable 12.9% Surge in Income, Setting New Industry Standards!

Interpreting the Financial Results of China Automotive Systems Inc
As reported by China Automotive Systems Inc, the company's financial results for the interval closing June 30, 2023, showed significant improvements in several key areas. Revenue increased by 8.06% to $137.41 million compared to the prior year's financial reporting period of $127.16 million. Additionally, income per share grew by 12.9% to $0.35 per share, up from $0.31 in the previous year. These results suggest that the company's performance has been strong and it is on track for continued growth.
However, it is worth noting that the increase in China Automotive Systems Inc's business has been below the industry average. While the company experienced growth, it fell short of the 10.81% increase reported by the rest of the Auto & Truck Parts industry. This indicates that while the company is progressing, it may need to make adjustments to keep pace with its competitors.

China Automotive Systems Inc

China Automotive Systems Inc Drives into 2023 with Impressive Growth of 4.287% in First Quarter Earnings

China Automotive Systems Inc, a leading supplier of power steering systems and other automotive components in China, has recently reported its first-quarter earnings for the year 2023, and the results have been quite impressive.
The company's earnings per share for the first quarter remained unscathed at $0.23 per share, compared to $0.00 a year ago. This is a significant improvement from the previous reporting season, where earnings per share were negative at -$1.06 per share. The Revenue of the company increased moderately by 4.287% to $142.24 million from $136.40 million in the similar reporting season a year ago. Sequentially, the revenue surged by 44.704% from $98.30 million.






 

China Automotive Systems Inc's Segments
 
 
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  Company Estimates  
  Revenue Outlook
China Automotive Systems Inc does not provide revenue guidance.

Earnings Outlook
China Automotive Systems inc does not provide earnings estimates.

 
Geographic Revenue Dispersion




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