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China Automotive Systems inc.  (CAAS)
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China Automotive Systems Inc's

Competitiveness


 

CAAS Sales vs. its Competitors Q2 2022



Comparing the results to its competitors, China Automotive Systems Inc reported Total Revenue increase in the 2 quarter 2022 by 5.44 % year on year.
The revenue growth was below China Automotive Systems Inc's competitors average revenue growth of 8 %, recorded in the same quarter.

List of CAAS Competitors

With net margin of 7.81 % company achieved higher profitability than its competitors.

More on CAAS Margin Comparisons



Revenue Growth Comparisons




Net Income Comparison


China Automotive Systems inc. Net Income in the 2 quarter 2022 grew year on year by 239.31 %, while most of its competitors have experienced contraction in net income

<<  More on CAAS Income Comparisons


China Automotive Systems Inc's Comment on Competitors and Industry Peers


The automotive components industry is extremely competitive. The Company’s customers consider criteria including quality, price/cost competitiveness, system and product performance, reliability and timeliness of delivery, new product and technology development capability, excellence and flexibility in operations, degree of global and local presence, effectiveness of customer service and overall management capability. The power steering system market is fragmented in China, and the Company has seven major competitors. Of these competitors, two are Sino-foreign joint ventures while the other five are state-owned. Like many competitive industries, there is pressure on downward selling prices.

The Company’s major competitors, including Shanghai ZF, Nexteer and First Auto FKS, “FKS,” are component suppliers to specific automobile manufacturers. Shanghai ZF is the joint venture of SAIC and ZF Germany, which is an exclusive supplier to SAIC-Volkswagen and SAIC-GM. FKS is a joint venture between First Auto Group and Japan’s Koyo Company and its main customer is FAW-Volkswagen Company.

While the Chinese government limits foreign ownership of auto assemblers to 50%, there is no analogous limitation in the automotive components industry. Thus, opportunities exist for foreign component suppliers to set up factories in China. These overseas competitors employ technology that may be more advanced and may have existing relationships with global automobile assemblers, but they are generally not as competitive as the Company in China in terms of production cost and flexibility in meeting client requirements.



  

Overall company Market Share Q2 2022

Revenue in Overall company grew by 5.44 %, less than China Automotive Systems inc. peers within this division.
<<  More on CAAS Market Share.
 
*Market share is calculated based on total revenue.


CAAS's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)


COMPANY NAME MARKET CAP
(in millions of $)
REVENUES
(in millions of $)
INCOME
(in millions of $)
EMPLOYEES
China Automotive Systems inc. CAAS 116.61 492.00 13.00 4,230
Autoliv Inc. ALV 5,818 8,171.00 337.00 54,600
Aptiv Plc APTV 22,636 16,023.00 161.00 151,000
Shiloh Industries Inc SHLO 9 815.74 -213.17 3,400
Altra Industrial Motion Corp. AIMC 2,201 1,948.90 18.80 3,855
Itt Inc. ITT 5,579 2,834.50 345.40 9,400
Emerson Electric Co. EMR 44,023 19,216.00 3,196.00 83,500
Eaton Corporation Plc ETN 53,750 20,549.00 2,315.00 95,250
Crane Holdings Co. CR 4,916 3,215.50 551.90 0
Genuine Parts Co GPC 21,494 20,519.11 1,102.95 55,000
Johnson Controls International Plc JCI 34,916 24,966.00 1,230.00 83,000
Parker hannifin Corporation PH 31,895 15,861.61 1,316.19 50,520
Textron Inc. TXT 12,896 12,467.00 612.00 35,000
Thermo Fisher Scientific Inc. TMO 205,191 42,820.00 7,451.00 75,000
Raytheon Technologies Corporation RTX 121,554 65,287.00 4,683.00 181,000
Ecopetrol S a EC 18,895 23,422.95 4,494.49 0
Badger Meter Inc. BMI 2,711 534.72 64.16 1,514
Te Connectivity ltd. TEL 37,124 15,740.00 2,514.00 82,000
Flowserve Corp FLS 3,247 3,488.85 103.69 16,250
Roper Technologies Inc. ROP 40,370 5,499.00 2,866.60 16,460
Berkshire Hathaway Inc BRKA 500,090 289,371.00 12,751.00 0
Adt Inc. ADT 7,013 7,648.77 -22.97 17,500
Pentair Plc PNR 6,827 4,021.60 562.80 9,500
Honeywell International Inc HON 117,451 34,459.00 5,112.00 105,500
Flir Systems Inc FLIR 7,603 1,940.08 235.97 4,265
Astrotech Corp ASTC 20 0.87 -8.33 42
Emcor Group Inc. EME 5,825 10,461.80 375.46 27,000
Aecom ACM 9,725 13,075.84 328.01 92,000
Kbr Inc. KBR 6,975 7,672.00 151.00 25,000
Ameresco Inc. AMRC 3,457 1,740.97 102.05 1,026
Hill International inc. HIL 198 396.77 -0.18 4,558
Willdan Group inc. WLDN 215 385.00 -8.15 637
Argan Inc AGX 455 351.24 11.88 862
Idex Corp IEX 15,167 2,974.02 512.45 7,439
Kaman Corporation KAMN 805 673.80 31.93 5,258
Tortec Group Corporation GCNG 0 -0.06 -0.05 0
Sterling Infrastructure Inc. STRL 662 1,785.67 79.13 1,565
Blue Whale Acquisition Corp I BWC 131 4,092.81 412.35 5,300
Bwx Technologies Inc. BWXT 4,634 2,176.23 305.83 5,300
Borgwarner Inc. BWA 7,847 14,704.00 726.00 29,000
Cooper standard Holdings Inc. CPS 116 2,346.94 -325.54 29,000
Lear Corp LEA 7,407 19,427.40 193.10 136,200
Meritor Inc. MTOR 2,621 4,295.00 264.00 8,400
Stoneridge inc SRI 479 827.33 -31.54 4,100
Strattec Security Corp STRT 86 446.95 14.68 3,877
Allison Transmission Holdings Inc. ALSN 3,238 2,552.00 463.00 2,700
Gentherm Incorporated THRM 1,810 1,019.98 54.55 10,098
Federal Signal Corporation FSS 2,345 1,296.60 102.70 2,200
Wabco Holdings Inc WBC 7,013 3,234.20 198.90 12,429
Tetra Tech inc. TTEK 6,867 1,248.34 263.14 13,000
Omnitek Engineering Corp. OMTK 0 1.13 -0.03 11
Abb Ltd ABB 52,009 28,945.00 4,650.00 135,000
Avx Corp AVX 3,671 1,562.45 205.51 10,200
Acuity Brands Inc. AYI 5,438 3,888.50 366.70 11,800
Hubbell Inc HUBB 11,876 4,336.00 534.90 16,200
Taitron Components Incorporated TAIT 23 9.10 3.74 20
Universal Security Instruments Inc UUU 9 19.52 -0.20 15
Advanced Drainage Systems Inc. WMS 10,322 3,014.20 386.39 4,615
American Superconductor Corp AMSC 123 105.69 -22.50 354
Circor International Inc CIR 293 763.67 -76.00 2,400
Williams Industrial Services Group Inc. WLMS 39 278.14 -5.21 0
Mueller Water Products Inc. MWA 1,582 1,211.60 87.90 3,900
Enpro Industries Inc NPO 1,800 1,225.90 179.80 5,000
Timken Co TKR 4,426 4,322.90 385.80 14,000
Watts Water Technologies Inc WTS 4,115 1,918.70 210.70 4,800
Nuverra Environmental Solutions Inc NES 35 97.31 -25.83 0
Cleartronic Inc CLRI 16 1.84 0.42 8
Cts Corporation CTS 1,325 547.59 -21.89 322
Emagin Corporation EMAN 45 27.51 0.87 100
Beam Global BEEM 125 13.00 -8.78 0
Powell Industries Inc. POWL 258 499.36 8.26 1,841
Surge Components Inc SPRS 18 48.50 3.06 38
Comtech Telecommunications Corp CMTL 264 505.07 -25.53 1,852
Kvh Industries Inc. KVHI 171 169.04 -6.20 604
Clearday Inc. CLRD 17 0.00 -23.76 0
Telkonet Inc. TKOI 8 7.21 -0.83 49
7gc and Co. Holdings Inc. VII 283 0.00 13.82 0
SUBTOTAL 1,494,716.90 792,017.34 62,839.03 1,777,864
       
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