China Automotive Systems

China Automotive Systems, Inc. is a holding company, which engages in the manufacture and sale of automotive products, through its subsidiaries. It operates through the following geographical segments: Henglong, Jiulong, Shenyang, Wuhu, Hubei Henglong, Henglong KYB, and Other Entities. It also supplies power steering systems and component. The company was founded on June 29, 1999 and is headquartered in Wuhan, China.

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China Automotive Systems (CAAS) excels in Q2 amidst market challenges

China Automotive Systems (CAAS) delivered robust Q2 2024 results, driven by strong sales growth and profitability despite market challenges.
The company's focus on EPS products, dividend declaration, and revenue guidance reaffirm its financial stability and strategic direction.
While navigating market headwinds, CAAS has opportunities to capitalize on positive industry trends, strengthen customer relationships, and drive innovation for long-term success.

China Automotive Systems (CAAS) reports resilient Q3 performance in domestic markets

China Automotive Systems (CAAS) demonstrated resilience and growth in key domestic markets despite challenges in international sales. The company's focus on operational efficiency led to improved operating income and a solid gross margin. To sustain momentum, CAAS should capitalize on opportunities within China's evolving automotive landscape.

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As of late, it has definitely been a great time to be an investor in China Automotive Systems (CAAS).

China Automotive Systems' (CAAS) Shares March Higher, Can It Continue?

China Automotive Systems, Inc. (CAAS) CEO Qizhou Wu on Q1 2021 Results - Earnings Call Transcript

China Automotive Systems (CAAS) delivered earnings and revenue surprises of 233.33% and 11.61%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

China Automotive Systems (CAAS) Q1 Earnings and Revenues Top Estimates

Shares of China Automotive Systems (NASDAQ:CAAS) decreased 4.3% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share rose 0.00% over the past year to $0.10, which beat the estimate of $0.03.

Recap: China Automotive Systems Q1 Earnings

WUHAN, China, May 12, 2021 /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, 2021. First Quarter 2021 Highlights Net sales rose 77.0% to $130.3 million from $73.6 million in the first quarter of 2020 Gross profit increased 75.9% to $19.7 million from $11.2 million in the first quarter of 2020; gross margin was 15.1% compared with 15.2% in the first quarter of 2020 Income from operations increased 320.0% to $4.2 million from $1.0 million in the first quarter of 2020 Net income attributable to parent company's common shareholders was $3.2 million, or diluted income of per share of $0.10, compared to net loss attributable to parent company's common shareholders of $0.03 million, in the first quarter of 2020  Cash and cash equivalents, and pledged cash were $122.0 million as of March 31, 2021 Mr.

China Automotive Systems Reports 77.0% Net Sales Increase and Return to Profitability in the First Quarter of 2021

China Automotive Systems (NASDAQ:CAAS) unveils its next round of earnings this Wednesday, May 12. Get prepared with Benzinga's ultimate preview for China Automotive Systems's Q1 earnings.

Earnings Outlook For China Automotive Systems

WUHAN, China, May 6, 2021 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS), 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, 2021, on Wednesday, May 12, 2021, before the market opens.  Management will conduct a conference call on May 12 th at 8:00 A.M.

China Automotive Systems to Announce Unaudited 2021 First Quarter Financial Results on May 12, 2021

WUHAN, China, April 15, 2021 /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 joint venture, Brazil Henglong, expects an approximate 200% increase in its steering unit sales to its OEM customers in South America, primarily to Stellantis N.V., for the 2021 year.

China Automotive Systems' South American Unit Sales to Increase Approximately 200% In 2021

China Automotive Systems, Inc. (CAAS) CEO Qizhou Wu on Q4 2020 Results - Earnings Call Transcript

China Automotive Systems (CAAS) delivered earnings and revenue surprises of 0.00% and 26.37%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

China Automotive Systems (CAAS) Meets Q4 Earnings Estimates

Shares of China Automotive Systems (NASDAQ:CAAS) remained unaffected after the company reported Q4 results. Quarterly Results Earnings per share fell 33.33% year over year to $0.04, which beat the estimate of $0.01.

China Automotive Systems: Q4 Earnings Insights

WUHAN, China, March 30, 2021 /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, 2020. Fourth Quarter 2020 Highlights Net sales rose 26.4% to $146.5 million from $115.9 million in the fourth quarter of 2019 Gross profit increased 35.7% to $22.8 million from $16.8 million in the fourth quarter of 2019; gross margin increased to 15.6% compared with 14.5% in the fourth quarter of 2019 An increase in general and administrative expenses was primarily due to a one-time, non-recurring $6.4 million expected credit loss provision related to the bankruptcy and reorganization proceedings of the Company's customer, Brilliance Auto Net loss attributable to parent company's common shareholders was $3.2 million, or diluted loss per share of $0.10, compared to net income of $1.7 million, or diluted income per share of $0.06, in the fourth quarter of 2019.

China Automotive Systems Reports Fourth Quarter and Fiscal Year 2020 Results

China Automotive Systems (NASDAQ:CAAS) announces its next round of earnings this Tuesday, March 30. Here is Benzinga's everything-that-matters guide for this Tuesday's Q4 earnings announcement.

A Preview Of China Automotive Systems's Earnings

China Automotive Systems (CAAS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: China Automotive Systems (CAAS) Q4 Earnings Expected to Decline

WUHAN, China, March 22, 2021 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today provided an update on its new Electric Power Steering (EPS) product. This new EPS product is based upon proprietary technologies developed by CAAS' R&D team.

China Automotive Systems Introduces New EPS Product to Empower ADAS

WUHAN, China, March 16, 2021 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS), a leading power steering components and systems supplier in China, today announced that it will issue unaudited financial results for the fourth quarter and audited financial results for the year ended December 31, 2020, on Tuesday, March 30, 2021, before the market opens. Management will conduct a conference call on March 30 th at 8:00 A.M.

China Automotive Systems to Announce Unaudited 2020 Fourth Quarter and Audited 2020 Year Financial Results on March 30, 2021

Investors need to pay close attention to China Automotive Systems (CAAS) stock based on the movements in the options market lately.

Implied Volatility Surging for China Automotive Systems (CAAS) Stock Options

CAAS stock offers good value to buyers of Chinese EVs and autos. China Automotive Systems stock offers a bargain entry point into the growth of the Chinese EV market.

CAAS Stock Offers Good Value as Supplier to Chinese EVs and Autos

With China Automotive Systems' production lines running at nearly full capacity, it's full steam ahead for CAAS stock. The post Tap Into a Massive Auto Parts Market with China Automotive Systems appeared first on InvestorPlace.

Tap Into a Massive Auto Parts Market with China Automotive Systems

On paper, CAAS stock seems like an agnostic play on the electric vehicle sector but something's not quite right. The post Caution Is Warranted for China Automotive Systems appeared first on InvestorPlace.

Caution Is Warranted for China Automotive Systems

CAAS stock might be a new investment for some American traders, but impressive auto-parts sales should bring more bulls into the fold. The post Tap Into the International EV Parts Market With This Stock appeared first on InvestorPlace.

Tap Into the International EV Parts Market With This Stock

China Automotive Systems is a small manufacturer supplying power steering systems and components to leading automakers whose industry is burgeoning as are this company's revenues. Management is experienced, owns 43% of the shares, is buying back more on the open market, and expect to earn a profit in 2021.

China Automotive Systems Has Momentum

WUHAN, China, Dec. 7, 2020 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced that a settlement hearing will be held on February 5, 2021 at 11:00 a.m. EST at the Court...

China Automotive Systems Announces Hearing on February 5, 2021 on Proposal to Settle Stockholder Derivative Lawsuit

- Reached monthly run rate of 70,000 steering units shipped to leading Chinese OEMs and North America aftermarket - - New steering product and production line are ready for autonomous driving trucks and buses - WUHAN, China, Dec. 3, 2020 /PRNewswire/ -- China Automotive Systems, Inc....

China Automotive Systems Registered Record High Monthly Shipments to Commercial Vehicle Market in China

After a historical surge in CAAS stock price, here's what's likely driving Tuesday's decline.

News for China Automotive Systems Stock (CAAS)