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)
8-K - CHINA AUTOMOTIVE SYSTEMS INC (0001157762) (Filer)
8-K - CHINA AUTOMOTIVE SYSTEMS INC (0001157762) (Filer)
10-Q - CHINA AUTOMOTIVE SYSTEMS INC (0001157762) (Filer)
DEF 14A - CHINA AUTOMOTIVE SYSTEMS INC (0001157762) (Filer)
8-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)
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
WUHAN, China, Aug. 2, 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 second quarter ended June 30, 2024, on Tuesday, August 13, 2024, before the market opens. Management will conduct a conference call on August 13th at 7:00 A.M. EDT/7:00 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 wi
- Celebrating 20th Anniversary of NASDAQ Listing - WUHAN, China, July 19, 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 Board of Directors has declared a special cash dividend of US$0.80 per common share. The special cash dividend is payable on or about August 22, 2024 to shareholders of record as of the close of business on Tuesday, July 30, 2024. The aggregate amount of the special dividend payment will be approximately $25 million. China Automotive Systems´ Board of Directors approved the special cash dividend after reviewing the Company´s recent fin
WUHAN, China, May 14, 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 first quarter ended March 31, 2024. First Quarter 2024 Highlights Net sales were $139.4 millionGross profit increased by 11.6% to $24.1 million with a gross margin of 17.3%, compared with $21.6 million of gross profit and a 15.2% gross margin in the first quarter of 2023Income from operations increased by 26.0% to $9.7 million compared with $7.7 million in the first quarter of 2023Diluted income per share increased by 17.4% to $0.27, compared to diluted inc
WUHAN, China, May 7, 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 first quarter ended March 31, 2024, on Tuesday, May 14, 2024, 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 p
- Electric Power Steering ("EPS") Sales Increased by 24.6% in 2023 - WUHAN, China, March 28, 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 fourth quarter and the audited results for the fiscal year ended December 31, 2023. Fourth Quarter 2023 Highlights Net sales increased by 23.6% year-over-year to $159.2 millionGross profit increased by 38.8% to $34.7 million from $25.0 million. Gross margin increased to 21.8% from 19.4% in the fourth quarter of 2022Operating income was $13.6 million, compared with an operating loss of
4 - CHINA AUTOMOTIVE SYSTEMS INC (0001157762) (Issuer)
Gainers Faraday Future (NASDAQ:FFIE) shares increased by 16.8% to $1.39 during Monday's pre-market session. The market value of their outstanding shares is at $59.3 million. Deckers Outdoor (NYSE:DECK) shares increased by 12.9% to $1021.36. The company's market cap stands at $26.2 billion. As per the news, the Q4 earnings report came out 2 days ago. Cenntro (NASDAQ:CENN) shares moved upwards by 9.37% to $1.9. The company's market cap stands at $58.6 million. China Liberal Education (NASDAQ:CLEU) stock moved upwards by 7.54% to $1.14. The market value of their outstanding shares is at $3.8 million. China Automotive Systems (NASDAQ:CAAS) shares increased by 7.44% to $3.75. The market valu
Gainers Faraday Future (NASDAQ:FFIE) stock increased by 12.6% to $1.34 during Friday's pre-market session. The company's market cap stands at $57.1 million. Zapp Electric Vehicles (NASDAQ:ZAPP) shares increased by 9.8% to $1.12. The market value of their outstanding shares is at $3.5 million. Deckers Outdoor (NYSE:DECK) shares rose 8.93% to $985.5. The company's market cap stands at $25.2 billion. As per the news, the Q4 earnings report came out yesterday. Lanvin Group Hldgs (NYSE:LANV) shares rose 8.78% to $1.61. The market value of their outstanding shares is at $188.8 million. China Automotive Systems (NASDAQ:CAAS) stock rose 7.44% to $3.75. The company's market cap stands at $113.1
China Automotive Systems, Inc. (NASDAQ:CAAS) reported first-quarter earnings per share of 27 cents, up from 23 cents year over year. Net sales were $139.4 million, down 2% year over year. Net sales of traditional steering products and parts were $92 million, down from $94.4 million year over year, while those from electric power steering products and parts were $47.4 million, almost flat. Gross profit increased by 11.6% to $24.1 million. Gross margin expanded to 17.3% from 15.2% in the year-ago period. Income from operations increased by 26.0% to $9.7 million in the quarter under review. Cash and equivalents, and short-term investments were $135.8 million as of March-end. Inte
China Automotive Systems (NASDAQ:CAAS) reported quarterly earnings of $0.27 per share. This is a 17.39 percent increase over earnings of $0.23 per share from the same period last year. The company reported $139.39 million in sales this quarter. This is a 2.00 percent decrease over sales of $142.24 million the same period last year.
China Automotive Systems, Inc (NASDAQ:CAAS) shares are trading higher after the company reported fourth-quarter FY23 sales growth of 23.6% year-on-year to $159.20 million. The gross profit margin expanded by 240 basis points Y/Y to 21.8%, and the gross profit climbed 38.8% to $34.7 million. The operating income for the quarter was $13.6 million versus an operating loss of $(2.6) million in the fourth quarter of 2022. The company held total cash and cash equivalents, pledged cash and short-term investments of $166.3 million at year end. Net income attributable to the parent company’s common shareholders rose by 153.5% to $10.9 million from $4.3 million last year. The company re
China Automotive Systems (NASDAQ:CAAS) reported quarterly earnings of $0.36 per share. This is a 157.14 percent increase over earnings of $0.14 per share from the same period last year. The company reported $159.20 million in sales this quarter. This is a 23.60 percent increase over sales of $128.80 million the same period last year.
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
WUHAN, China, Aug. 2, 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 second quarter ended June 30, 2024, on Tuesday, August 13, 2024, before the market opens. Management will conduct a conference call on August 13th at 7:00 A.M. EDT/7:00 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 wi
- Celebrating 20th Anniversary of NASDAQ Listing - WUHAN, China, July 19, 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 Board of Directors has declared a special cash dividend of US$0.80 per common share. The special cash dividend is payable on or about August 22, 2024 to shareholders of record as of the close of business on Tuesday, July 30, 2024. The aggregate amount of the special dividend payment will be approximately $25 million. China Automotive Systems´ Board of Directors approved the special cash dividend after reviewing the Company´s recent fin
WUHAN, China, May 14, 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 first quarter ended March 31, 2024. First Quarter 2024 Highlights Net sales were $139.4 millionGross profit increased by 11.6% to $24.1 million with a gross margin of 17.3%, compared with $21.6 million of gross profit and a 15.2% gross margin in the first quarter of 2023Income from operations increased by 26.0% to $9.7 million compared with $7.7 million in the first quarter of 2023Diluted income per share increased by 17.4% to $0.27, compared to diluted inc
WUHAN, China, May 7, 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 first quarter ended March 31, 2024, on Tuesday, May 14, 2024, 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 p
- Electric Power Steering ("EPS") Sales Increased by 24.6% in 2023 - WUHAN, China, March 28, 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 fourth quarter and the audited results for the fiscal year ended December 31, 2023. Fourth Quarter 2023 Highlights Net sales increased by 23.6% year-over-year to $159.2 millionGross profit increased by 38.8% to $34.7 million from $25.0 million. Gross margin increased to 21.8% from 19.4% in the fourth quarter of 2022Operating income was $13.6 million, compared with an operating loss of
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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)