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China Automotive Systems Inc (NASDAQ: CAAS) |
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Price: $3.6800
$-0.02 
-0.541%
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| Day's High:
| $3.68
| Week Perf:
| 3.08 %
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| Day's Low: |
$ 3.61 |
30 Day Perf: |
-20.69 % |
| Volume (M): |
10 |
52 Wk High: |
$ 5.37 |
| Volume (M$): |
$ 37 |
52 Wk Avg: |
$4.02 |
| Open: |
$3.61 |
52 Wk Low: |
$3.34 |
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| Market Capitalization (Millions $) |
111 |
| Shares
Outstanding (Millions) |
30 |
| Employees |
4,370 |
| Revenues (TTM) (Millions $) |
- |
| Net Income (TTM) (Millions $) |
5 |
| Cash Flow (TTM) (Millions $) |
-53 |
| Capital Exp. (TTM) (Millions $) |
44 |
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 434000
Company Phone Number: 716-412-7901 Stock Exchange / Ticker: NASDAQ CAAS
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Customers Net Income fell by |
CAAS's Customers Net Profit Margin grew to |
-2.14 % |
6.41 %
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| Stock Performances by Major Competitors |
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| China Automotive Systems Inc
China Automotive Systems Inc is an auto and truck parts company that has shown resilience in the face of challenging market conditions. Despite a decrease in revenue during the January to March 31, 2024 financial period, the company managed to increase its earnings per share. Income rose by a significant 17.39% to $0.27 per share, while revenue decreased by -2.003% to $139.39 million compared to the previous year.
One notable improvement for China Automotive Systems Inc is its net profit per share, which turned positive. In the prior financial reporting period, the company had a net profit per share of $-0.51, but it has now reached a positive value. Similarly, the net income of $9.264 million in the January to March 31, 2024 financial period represents a growth of 17.52% from the net earnings of $7.883 million reported in the same period a year ago.
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| China Automotive Systems Inc
China Automotive Systems Inc. is a company that specializes in the design, development, manufacture, and sale of automotive systems and components. The company operates primarily in China, but also has a presence in the United States.
In the financial span of October to December 31, 2023, China Automotive Systems Inc. reported a loss of $0.51 per share, compared to a loss of $1.06 per share in the same period the previous year. This represents an improvement in the company's financial performance. Additionally, the company's income per share fell from $0.31 per share in the prior reporting period.
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| China Automotive Systems Inc
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.
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| China Automotive Systems Inc
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.
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| China Automotive Systems Inc
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.
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| Per Share |
Current |
| Earnings (TTM) |
0.05 $ |
| Revenues (TTM) |
15.31 $
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| Cash Flow (TTM) |
- |
| Cash |
4.29 $
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| Book Value |
12.91 $
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| Dividend (TTM) |
0.74 $ |
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| Per Share |
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| Earnings (TTM) |
0.05 $
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| Revenues (TTM) |
15.31 $ |
| Cash Flow (TTM) |
- |
| Cash |
4.29 $
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| Book Value |
12.91 $ |
| Dividend (TTM) |
0.74 $ |
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| Eliminations |
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 -41.78 % |
of total Revenue |
| Henglong segments |
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50.17 % |
of total Revenue |
| Jiulong segments |
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10.5 % |
of total Revenue |
| Wuhu segments |
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8.1 % |
of total Revenue |
| Hubei Henglong segments |
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11.38 % |
of total Revenue |
| Henglong KYB segments |
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31.55 % |
of total Revenue |
| Brazil Henglong segments |
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8.68 % |
of total Revenue |
| Other Entities segments |
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21.41 % |
of total Revenue |
| Total segments |
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141.78 % |
of total Revenue |
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7.72%