China Automotive Systems, Inc. (CAAS) Income Statement Analysis

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Complete financial analysis of China Automotive Systems, Inc. (CAAS) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of China Automotive Systems, Inc., a leading company in the Auto – Parts industry within the Consumer Cyclical sector.

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China Automotive Systems, Inc. (CAAS)

Industry: Auto - Parts

Sector: Consumer Cyclical

Website: https://www.caasauto.com

About China Automotive Systems, Inc.

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. The company also offers automotive motors and electromechanical integrated systems; polymer materials; and intelligent automotive technology research and development services. In addition, it provides after sales services, and research and development support services, as well as markets automotive parts in North America and Brazil. 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, the People's Republic of China.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000
Revenue	576.35M	529.55M	497.99M	417.64M	431.43M	496.16M	499.06M	462.05M	443.53M	466.77M	415.16M	336.01M	347.97M	345.93M	255.60M	163.18M	133.60M	95.77M	63.57M	58.19M	55.33M	0.00	13.50K	0.00
Cost of Revenue	472.60M	446.16M	425.91M	362.30M	368.08M	430.75M	414.43M	381.13M	363.99M	379.30M	338.53M	275.25M	279.88M	265.62M	182.93M	115.92M	88.27M	62.86M	41.11M	35.04M	30.40M	0.00	0.00	0.00
Gross Profit	103.75M	83.39M	72.08M	55.34M	63.35M	65.41M	84.63M	80.92M	79.55M	87.47M	76.63M	60.75M	68.10M	80.30M	72.67M	47.26M	45.32M	32.91M	22.47M	23.14M	24.93M	0.00	13.50K	0.00
Gross Profit Ratio	18.00%	15.75%	14.47%	13.25%	14.68%	13.18%	16.96%	17.51%	17.93%	18.74%	18.46%	18.08%	19.57%	23.21%	28.43%	28.96%	33.93%	34.36%	35.34%	39.78%	45.05%	0.00%	100.00%	0.00%
Research & Development	29.18M	36.11M	28.23M	25.72M	27.99M	33.55M	33.54M	27.71M	22.34M	22.97M	20.89M	14.89M	10.01M	7.99M	2.56M	2.26M	1.67M	1.07M	966.78K	1.52M	1.02M	0.00	0.00	0.00
General & Administrative	19.40M	26.12M	17.03M	27.58M	16.59M	19.76M	14.68M	12.59M	13.13M	12.57M	10.37M	9.94M	16.22M	10.03M	12.24M	12.10M	9.03M	0.00	7.60M	0.00	0.00	0.00	0.00	0.00
Selling & Marketing	15.61M	16.91M	18.28M	14.51M	14.27M	18.95M	19.91M	17.16M	15.00M	15.74M	13.33M	9.56M	9.97M	9.36M	18.09M	10.87M	9.67M	0.00	2.72M	0.00	0.00	0.00	0.00	0.00
SG&A	35.01M	43.03M	35.31M	42.09M	30.86M	38.71M	34.59M	29.75M	28.13M	28.30M	23.70M	19.49M	26.20M	19.39M	30.33M	22.97M	18.70M	15.58M	10.83M	10.01M	11.76M	9.92M	9.13K	5.94K
Other Expenses	313.00K	-3.70M	-1.90M	-4.32M	-3.78M	1.17M	678.00K	1.12M	844.00K	1.02M	1.10M	461.00K	2.32M	-688.01K	2.96M	5.11M	3.69M	3.50M	2.65M	848.01K	1.37M	0.00	0.00	0.00
Operating Expenses	63.49M	75.44M	61.63M	63.49M	55.08M	68.32M	65.36M	57.90M	49.90M	43.04M	39.91M	32.95M	36.20M	27.38M	35.84M	30.34M	24.06M	20.15M	14.44M	12.37M	14.14M	9.92M	9.13K	5.94K
Cost & Expenses	537.11M	521.60M	487.55M	425.79M	423.15M	499.07M	479.79M	439.03M	413.88M	422.34M	378.44M	308.21M	316.08M	293.01M	218.77M	146.26M	112.33M	83.00M	55.55M	47.42M	44.54M	9.92M	9.13K	5.94K
Interest Income	1.52M	10.75M	1.24M	1.66M	2.09M	2.16M	3.44M	2.08M	3.42M	2.96M	2.84M	1.42M	726.93K	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	1.23M	1.45M	1.44M	1.59M	3.03M	2.93M	1.75M	656.00K	1.34M	1.79M	1.57M	3.12M	3.98M	2.92M	3.81M	1.24M	566.99K	832.84K	0.00	730.96K	344.72K	0.00	0.00	0.00
Depreciation & Amortization	18.71M	25.17M	27.11M	22.06M	17.85M	16.80M	14.70M	13.90M	15.27M	15.52M	14.59M	13.91M	13.50M	9.50M	8.68M	9.92M	7.35M	6.48M	4.91M	2.01M	1.37M	0.00	0.00	0.00
EBITDA	68.18M	49.99M	37.34M	11.72M	28.83M	17.24M	37.31M	40.07M	48.66M	63.39M	54.40M	44.08M	69.57M	83.82M	15.40	28.86M	28.62M	19.24M	13.44M	11.12M	13.42M	-9.92M	4.37K	-5.94K
EBITDA Ratio	11.83%	9.38%	7.71%	2.74%	6.45%	3.48%	7.67%	8.56%	10.97%	13.60%	13.13%	12.85%	13.05%	13.03%	17.52%	14.77%	20.98%	19.70%	21.48%	19.12%	21.00%	0.00%	32.38%	0.00%
Operating Income	39.25M	24.49M	11.30M	-10.61M	9.98M	-2.91M	19.27M	23.02M	29.65M	44.43M	36.72M	27.80M	33.38M	54.05M	37.66M	16.92M	21.27M	12.76M	8.02M	10.77M	10.79M	-9.92M	4.37K	-5.94K
Operating Income Ratio	6.81%	4.62%	2.27%	-2.54%	2.31%	-0.59%	3.86%	4.98%	6.69%	9.52%	8.84%	8.27%	9.59%	15.62%	14.74%	10.37%	15.92%	13.33%	12.62%	18.51%	19.50%	0.00%	32.38%	0.00%
Total Other Income/Expenses	8.99M	-1.45M	-2.90M	-4.05M	2.79M	407.00K	1.11M	1.89M	2.40M	1.65M	1.52M	-743.00K	21.00M	17.35M	-0.50	769.11K	-528.52K	-738.59K	-655.37K	920.60K	199.25K	9.91M	0.00	0.00
Income Before Tax	48.24M	23.04M	8.40M	-12.20M	7.56M	-2.50M	20.38M	24.90M	32.05M	46.08M	38.24M	27.06M	52.10M	71.40M	36.40M	17.69M	20.74M	12.03M	7.37M	11.69M	10.98M	-9.92K	0.00	0.00
Income Before Tax Ratio	8.37%	4.35%	1.69%	-2.92%	1.75%	-0.50%	4.08%	5.39%	7.23%	9.87%	9.21%	8.05%	14.97%	20.64%	14.24%	10.84%	15.52%	12.56%	11.59%	20.09%	19.84%	0.00%	0.00%	0.00%
Income Tax Expense	5.14M	3.08M	4.00M	2.16M	586.00K	-1.47M	41.63M	2.48M	4.49M	6.79M	5.48M	4.39M	-4.35M	8.48M	5.11M	185.88K	2.23M	1.67M	1.37M	618.40K	1.75M	9.91M	-2.19K	2.97K
Net Income	37.66M	21.18M	4.40M	-14.36M	6.97M	2.38M	-19.35M	22.51M	27.39M	33.54M	26.79M	20.74M	40.79M	51.74M	23.41M	12.44M	8.86M	4.81M	3.32M	6.87M	3.87M	-9.92M	2.19K	-2.97K
Net Income Ratio	6.53%	4.00%	0.88%	-3.44%	1.62%	0.48%	-3.88%	4.87%	6.17%	7.19%	6.45%	6.17%	11.72%	14.96%	9.16%	7.62%	6.63%	5.02%	5.22%	11.80%	7.00%	0.00%	16.19%	0.00%
EPS	1.25	0.69	0.14	-0.46	0.22	0.08	-0.61	0.70	0.85	1.15	0.96	0.70	1.30	1.65	-0.98	0.48	0.37	0.21	0.15	0.30	0.18	-0.47	0.10	0.00
EPS Diluted	1.25	0.69	0.14	-0.46	0.22	0.08	-0.61	0.70	0.85	1.15	0.95	0.70	0.69	1.10	-0.98	0.46	0.37	0.21	0.15	0.30	0.18	-0.47	0.10	0.00
Weighted Avg Shares Out	30.19M	30.64M	30.85M	31.08M	31.46M	31.64M	31.64M	31.95M	32.12M	29.06M	28.04M	28.21M	27.93M	27.10M	26.99M	25.71M	23.95M	23.20M	22.57M	22.57M	21.77M	20.91M	20.00M	18.50M
Weighted Avg Shares Out (Dil)	30.19M	30.64M	30.86M	31.08M	31.46M	31.65M	31.65M	31.96M	32.13M	29.08M	28.06M	28.22M	31.51M	31.57M	26.99M	29.67M	23.96M	23.21M	22.59M	22.58M	22.08M	20.91M	20.00M	18.50M

China Automotive Systems Shares Increase Over 7% Pre-Market: Why It Happened

August 12, 2021pulse2.com

The shares of China Automotive Systems, Inc. (NASDAQ: CAAS) increased by over 7% pre-market. This is why it happened.

China Automotive Systems Reports 45.0% Net Sales Increase in the Second Quarter of 2021

August 12, 2021prnewswire.com

WUHAN, China, Aug. 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 second quarter and six months ended...

China Automotive Systems to Announce Unaudited 2021 Second Quarter Financial Results on August 12, 2021

August 10, 2021prnewswire.com

WUHAN, China, Aug. 10, 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 second quarter ended June 30, 2021,...

China Automotive Systems (CAAS) to Report Q2 Results: Wall Street Expects Earnings Growth

August 6, 2021zacks.com

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.

China Automotive Systems Announces Annual Meeting Conference Call on July 28, 2021

July 19, 2021prnewswire.com

WUHAN, China, July 19, 2021 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced the Annual Meeting of Stockholders of China Automotive Systems, Inc. (the...

China Automotive Develops New Steering System For Alfa Romeo's Hybrid SUV

July 6, 2021benzinga.com

China Automotive Systems Inc (NASDAQ: CAAS) is developing a new steering system for Milan-based Alfa Romeo, a subsidiary of Dutch automotive manufacturing company Stellantis NV (NYSE: STLA). The steering system is for Alfa Romeo's first luxury plug-in-hybrid SUV model, 2021 Tonale.

China Automotive Systems Develops New Steering System for Alfa Romeo's First Subcompact Crossover EV

July 6, 2021prnewswire.com

WUHAN, China, July 6, 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 it has entered into the OTOP (Off Tool Off Process)...

China Automotive Systems Purchases 40% of European Vehicle Technology Leader and Officially Enters Autonomous Driving

June 9, 2021prnewswire.com

WUHAN, China, June 9, 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 wholly owned subsidiary, Hubei Henglong Automotive Systems Group Co....