China Automotive Systems, Inc., through its subsidiaries, manufactures and sells automotive systems and components in the People's Republic of China. It produces rack and pinion power steering gears for cars and light duty vehicles; integral power steering gears for heavy-duty vehicles; power steering parts for light duty vehicles; sensor modules; automobile steering systems and columns; and automobile electronic and hydraulic power steering systems and parts. China Automotive Systems, Inc. also markets automotive parts in North America and Brazil, as well as provides after sales services, and research and development support services. The company primarily sells its products to the original equipment manufacturing customers. China Automotive Systems, Inc. was incorporated in 1999 and is headquartered in Jingzhou City, the People's Republic of China.
IPO Year:
Exchange: NASDAQ
Website: caasauto.com
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8-K - CHINA AUTOMOTIVE SYSTEMS INC (0001157762) (Filer)
10-Q - CHINA AUTOMOTIVE SYSTEMS INC (0001157762) (Filer)
DEFA14A - CHINA AUTOMOTIVE SYSTEMS INC (0001157762) (Filer)
DEF 14A - CHINA AUTOMOTIVE SYSTEMS INC (0001157762) (Filer)
8-K - CHINA AUTOMOTIVE SYSTEMS INC (0001157762) (Filer)
10-K - CHINA AUTOMOTIVE SYSTEMS INC (0001157762) (Filer)
8-K - CHINA AUTOMOTIVE SYSTEMS INC (0001157762) (Filer)
10-Q - CHINA AUTOMOTIVE SYSTEMS INC (0001157762) (Filer)
8-K - CHINA AUTOMOTIVE SYSTEMS INC (0001157762) (Filer)
8-K - CHINA AUTOMOTIVE SYSTEMS INC (0001157762) (Filer)
2025 AGM will be held on Wednesday, June 25, 2025 at 9:00 AM local time, or 9:00 PM EDT on Tuesday, June 24, 2025 WUHAN, China, June 10, 2025 /PRNewswire/ -- China Automotive Systems, Inc. (NASDAQ:CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced that the Annual Meeting of Stockholders of China Automotive Systems, Inc. will be held on June 25, 2025 (Wednesday) at 9:00 am at the Second Floor Meeting Room, Henglong Group, No. 88 Jingsha Avenue, Jingzhou City, Hubei Province, the People's Republic of China. The Company has also set up a conference room on June 24, 2025 (Tuesday) at 9:00 pm at Henglong USA Corporation, 2546 Elliot
WUHAN, China, May 21, 2025 /PRNewswire/ -- China Automotive Systems, Inc. (NASDAQ:CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced that its largest subsidiary by sales, Jingzhou Henglong Auto Parts Manufacturing Co., Ltd. ("Jingzhou Henglong"), won its first R-EPS product order from a large, well-known European automobile producer. This order, with annual sales exceeding US$100 million, covers multiple models of the client's vehicles and mass production for this order is expected to begin by 2027. This order demonstrates that Jingzhou Henglong's technical strengths in the field of high-end electric power steering systems has
WUHAN, China, May 14, 2025 /PRNewswire/ -- 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 million; sales of EPS products rose by 54.0%Gross profit increased by 18.8% year-over-year to $28.6 million with a gross margin of 17.1% compared with $24.1 million of gross profit and a 17.3% gross margin in the first quarter of 2024Income from operations decreased to $8.6 million compared with $9.7 million in the first quarter of 2024Diluted
WUHAN, China, May 6, 2025 /PRNewswire/ -- China Automotive Systems, Inc. (NASDAQ:CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced that it will issue unaudited financial results for the first quarter ended March 31, 2025, on Wednesday, May 14, 2025, before the market opens. Management will conduct a conference call on May 14th at 8:00 A.M. EDT/8:00 P.M. Beijing Time to discuss these results. A question and answer session will follow management's presentation. To participate, please call the following numbers 10 minutes before the call start time and ask to be connected to the "China Automotive Systems" conference call with
- Electric Power Steering ("EPS") Sales Increased by 29.9% in 2024 - WUHAN, China, March 28, 2025 /PRNewswire/ -- 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 December 31, 2024. Fourth Quarter 2024 Highlights Net sales increased by 18.6% year-over-year to $188.7 millionGross profit was $29.5 million from $34.7 million. Gross margin of 15.6% compared to 21.8% in the fourth quarter of 2023Operating income was $8.7 million, compared with $13.6 million in the fourth quarter of 2023
WUHAN, China, March 19, 2025 /PRNewswire/ -- China Automotive Systems, Inc. (NASDAQ:CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced that it will issue unaudited financial results for the fourth quarter ended December 31, 2024, on Friday, March 28, 2025, before the market opens. Management will conduct a conference call on March 28th at 8:00 A.M. EDT/8:00 P.M. Beijing Time to discuss these results. A question and answer session will follow management's presentation. To participate, please call the following numbers 10 minutes before the call start time and ask to be connected to the "China Automotive Systems" conference call
WUHAN, China, Jan. 24, 2025 /PRNewswire/ -- China Automotive Systems, Inc. (NASDAQ:CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced that its largest subsidiary by sales, Jingzhou Henglong Auto Parts Manufacturing Co., Ltd. ("Jingzhou Henglong"), achieved a production and sales increase of 35% year-over-year in the fourth quarter of 2024, and reached a new single monthly record high sales and production in December 2024 of more than 620,000 units, a 46.7% year-over-year increase. For 2024, annual production and sales volume exceeded 5 million units, representing an 18.5% year-over-year growth. The Company also announced t
WUHAN, China, Jan. 7, 2025 /PRNewswire/ -- China Automotive Systems, Inc. (NASDAQ:CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced that its subsidiary, Shashi Jiulong Power Steering Gears Co., Ltd ("Shashi Jiulong"), won customer awards and accolades from two major vehicle OEM customers, Beiqi Foton Motor Co., Ltd. ("Foton Motor") and Shaanxi Automobile Heavy Truck ("Shaanxi"). Shashi Jiulong mainly provides steering systems to various commercial vehicles in China. At a Foton Motors Global Partner Conference, Shashi Jiulong received dual honors: the Excellent Supplier Series Award and the Excellent Supplier Series Award fro
WUHAN, China, Nov. 18, 2024 /PRNewswire/ -- China Automotive Systems, Inc. (NASDAQ:CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced that its board of directors approved a share repurchase program of up to $5 million of its outstanding common shares periodically over the next 12 months. Repurchases will be made in open market transactions, at prevailing market prices not to exceed $5.50 per share through November 15, 2025, subject to applicable laws, regulations and approvals. The timing of the share repurchases will depend on a variety of factors, including market conditions. Members of the management team may make additional
WUHAN, China, Nov. 13, 2024 /PRNewswire/ -- 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 third quarter and nine months ended September 30, 2024. Third Quarter 2024 Highlights Net sales rose 19.4% year-over-year to $164.2 million from $137.5 million in the third quarter of 2023.Gross profit increased by 6.5% year-over-year to $26.4 million from $24.8 million in the third quarter of 2023; gross margin was 16.0% in the third quarter of 2024 compared to 18.0% in the third quarter of 2023.Income from operations was $11.1 million for the third quart
4 - CHINA AUTOMOTIVE SYSTEMS INC (0001157762) (Issuer)
4 - CHINA AUTOMOTIVE SYSTEMS INC (0001157762) (Issuer)
4/A - CHINA AUTOMOTIVE SYSTEMS INC (0001157762) (Issuer)
4 - CHINA AUTOMOTIVE SYSTEMS INC (0001157762) (Issuer)
4 - CHINA AUTOMOTIVE SYSTEMS INC (0001157762) (Issuer)
4 - CHINA AUTOMOTIVE SYSTEMS INC (0001157762) (Issuer)
4 - CHINA AUTOMOTIVE SYSTEMS INC (0001157762) (Issuer)
4 - CHINA AUTOMOTIVE SYSTEMS INC (0001157762) (Issuer)
4 - CHINA AUTOMOTIVE SYSTEMS INC (0001157762) (Issuer)
4 - CHINA AUTOMOTIVE SYSTEMS INC (0001157762) (Issuer)
2025 AGM will be held on Wednesday, June 25, 2025 at 9:00 AM local time, or 9:00 PM EDT on Tuesday, June 24, 2025 WUHAN, China, June 10, 2025 /PRNewswire/ -- China Automotive Systems, Inc. (NASDAQ:CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced that the Annual Meeting of Stockholders of China Automotive Systems, Inc. will be held on June 25, 2025 (Wednesday) at 9:00 am at the Second Floor Meeting Room, Henglong Group, No. 88 Jingsha Avenue, Jingzhou City, Hubei Province, the People's Republic of China. The Company has also set up a conference room on June 24, 2025 (Tuesday) at 9:00 pm at Henglong USA Corporation, 2546 Elliot
WUHAN, China, May 14, 2025 /PRNewswire/ -- 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 million; sales of EPS products rose by 54.0%Gross profit increased by 18.8% year-over-year to $28.6 million with a gross margin of 17.1% compared with $24.1 million of gross profit and a 17.3% gross margin in the first quarter of 2024Income from operations decreased to $8.6 million compared with $9.7 million in the first quarter of 2024Diluted
WUHAN, China, May 6, 2025 /PRNewswire/ -- China Automotive Systems, Inc. (NASDAQ:CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced that it will issue unaudited financial results for the first quarter ended March 31, 2025, on Wednesday, May 14, 2025, before the market opens. Management will conduct a conference call on May 14th at 8:00 A.M. EDT/8:00 P.M. Beijing Time to discuss these results. A question and answer session will follow management's presentation. To participate, please call the following numbers 10 minutes before the call start time and ask to be connected to the "China Automotive Systems" conference call with
- Electric Power Steering ("EPS") Sales Increased by 29.9% in 2024 - WUHAN, China, March 28, 2025 /PRNewswire/ -- 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 December 31, 2024. Fourth Quarter 2024 Highlights Net sales increased by 18.6% year-over-year to $188.7 millionGross profit was $29.5 million from $34.7 million. Gross margin of 15.6% compared to 21.8% in the fourth quarter of 2023Operating income was $8.7 million, compared with $13.6 million in the fourth quarter of 2023
WUHAN, China, March 19, 2025 /PRNewswire/ -- China Automotive Systems, Inc. (NASDAQ:CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced that it will issue unaudited financial results for the fourth quarter ended December 31, 2024, on Friday, March 28, 2025, before the market opens. Management will conduct a conference call on March 28th at 8:00 A.M. EDT/8:00 P.M. Beijing Time to discuss these results. A question and answer session will follow management's presentation. To participate, please call the following numbers 10 minutes before the call start time and ask to be connected to the "China Automotive Systems" conference call
WUHAN, China, Nov. 18, 2024 /PRNewswire/ -- China Automotive Systems, Inc. (NASDAQ:CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced that its board of directors approved a share repurchase program of up to $5 million of its outstanding common shares periodically over the next 12 months. Repurchases will be made in open market transactions, at prevailing market prices not to exceed $5.50 per share through November 15, 2025, subject to applicable laws, regulations and approvals. The timing of the share repurchases will depend on a variety of factors, including market conditions. Members of the management team may make additional
WUHAN, China, Nov. 13, 2024 /PRNewswire/ -- 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 third quarter and nine months ended September 30, 2024. Third Quarter 2024 Highlights Net sales rose 19.4% year-over-year to $164.2 million from $137.5 million in the third quarter of 2023.Gross profit increased by 6.5% year-over-year to $26.4 million from $24.8 million in the third quarter of 2023; gross margin was 16.0% in the third quarter of 2024 compared to 18.0% in the third quarter of 2023.Income from operations was $11.1 million for the third quart
WUHAN, China, Nov. 4, 2024 /PRNewswire/ -- China Automotive Systems, Inc. (NASDAQ:CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced that it will issue unaudited financial results for the third quarter ended September 30, 2024, on Wednesday, November 13, 2024, before the market opens. Management will conduct a conference call on November 13th at 8:00 A.M. EST/9:00 P.M. Beijing Time to discuss these results. A question and answer session will follow management's presentation. To participate, please call the following numbers 10 minutes before the call start time and ask to be connected to the "China Automotive Systems" conferen
CAAS announces the conference call and webcast information for the Annual Meeting of Stockholders to be held on Tuesday, September 24, 2024 at 9:00 AM local time, or 9:00 PM EDT on Monday, September 23, 2024 WUHAN, China, Sept. 16, 2024 /PRNewswire/ -- China Automotive Systems, Inc. (NASDAQ:CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced that the Annual Meeting of Stockholders of China Automotive Systems, Inc. will be held on Tuesday, September 24, 2024 at 9:00 am local time at the Second Floor Meeting Room, D8 Henglong Building, Optics Valley Software Park, No. 1 Guanshan First Avenue, Wuhan City, Hubei Province, the Peopl
WUHAN, China, Aug. 13, 2024 /PRNewswire/ -- 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, 2024. Second Quarter 2024 Highlights Net sales rose 15.4% year-over-year to $158.6 million from $137.4 million in the second quarter of 2023.Gross profit increased by 29.0% year-over-year to $29.3 million from $22.7 million in the second quarter of 2023; gross margin increased to 18.5% in the second quarter of 2024 from 16.5% in the second quarter of 2023Income from operations increased by 38.7% year-over-year t