China Automotive Systems, Inc. (CAAS)
Market Cap | 111.54M |
Revenue (ttm) | 545.65M |
Net Income (ttm) | 29.10M |
Shares Out | 30.19M |
EPS (ttm) | 0.96 |
PE Ratio | 3.85 |
Forward PE | 6.47 |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 21,383 |
Open | 3.79 |
Previous Close | 3.77 |
Day's Range | 3.67 - 3.80 |
52-Week Range | 3.67 - 9.70 |
Beta | 2.43 |
Analysts | n/a |
Price Target | n/a |
Earnings Date | Nov 13, 2023 |
About CAAS
China Automotive Systems, Inc., through its subsidiaries, manufactures and sells automotive systems and components in the People's Republic of China and internationally. 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 i... [Read more]
Financial Performance
In 2022, CAAS's revenue was $529.55 million, an increase of 6.34% compared to the previous year's $497.99 million. Earnings were $21.18 million, an increase of 91.68%.
Financial StatementsNews

China Automotive Systems Announces Annual Meeting on August 30, 2023
CAAS announces the conference call and webcast information for the Annual Meeting of Stockholders to be held on Wednesday, August 30, 2023 at 9:00 AM local time, or 9:00 PM EDT on August 29, 2023 WUHA...

China Automotive Systems Reports 90.0% Increase in Net Income Per Share to $0.57 in the First Six Months of 2023
WUHAN, China , Aug. 11, 2023 /PRNewswire/ -- China Automotive Systems, Inc. (NASDAQ: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced...

China Automotive Systems to Announce Unaudited 2023 Second Quarter Financial Results on August 11, 2023
WUHAN, China , Aug. 3, 2023 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced ...

China Automotive Systems' Unaudited Diluted Income Per Share Climbs to $0.23 in the First Quarter of 2023
WUHAN, China , May 12, 2023 /PRNewswire/ -- China Automotive Systems, Inc. (NASDAQ: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced ...

China Automotive Systems to Announce Unaudited 2023 First Quarter Financial Results on May 12, 2023
WUHAN, China , May 5, 2023 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced t...

China Automotive Systems Reports a 91.7% Increase in Diluted Net Income Per Share in Fiscal Year 2022
- Electric Power Steering ("EPS") Sales Increased by 35.6% in 2022 - WUHAN, China , March 30, 2023 /PRNewswire/ -- China Automotive Systems, Inc. (NASDAQ: CAAS) ("CAAS" or the "Company"), a leading po...

China Automotive Systems to Announce Unaudited 2022 Fourth Quarter and Audited 2022 Year Financial Results on March 30, 2023
WUHAN, China , March 22, 2023 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announce...

China Automotive Systems Launches New Electric Power Steering Systems for BYD
WUHAN, China , Dec. 12, 2022 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced...

China Automotive Systems Expands Partnership With BYD
WUHAN, China , Nov. 29, 2022 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced...

China Automotive Systems Reports a 26.8% Net Sales Increase in 2022 Third Quarter and 175% Diluted EPS Growth in First Nine Months
Q3 Revenues in Brazil Grew by 51.9% year-over-year Amid Currency Headwinds WUHAN, China , Nov. 14, 2022 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leadi...

China Automotive Systems to Announce Unaudited 2022 Third Quarter Financial Results on November 14, 2022
WUHAN, China , Nov. 7, 2022 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced ...

China Automotive Systems Announces Annual Meeting on August 26, 2022
CAAS announces the conference call and webcast information for the Annual Meeting of Stockholders to be held on Friday, August 26, 2022 at 9:00 AM local time, or 9:00 PM EDT on August 25, 2022 WUHAN,...

China Automotive Systems Reports Almost 200% Increase in Net Income in the Second Quarter of 2022
WUHAN, China , Aug. 12, 2022 /PRNewswire/ -- China Automotive Systems, Inc. (NASDAQ: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced...

China Automotive Systems to Announce Unaudited 2022 Second Quarter Financial Results on August 12, 2022
WUHAN, China , Aug. 5, 2022 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced ...

China Automotive Systems Reports Unaudited 2022 First Quarter
WUHAN, China, May 23, 2022 /PRNewswire/ -- China Automotive Systems, Inc. (NASDAQ: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced i...

China Automotive Systems to Announce Unaudited 2022 First Quarter Financial Results on May 23, 2022
WUHAN, China, May 18, 2022 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced t...

China Automotive Systems Extends Filing Date of 2022 First Quarter Report to May 23
WUHAN, China , May 13, 2022 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced ...

China Automotive Systems Announces Share Repurchase
- CAAS's board of directors approved a share repurchase program of up to $5 million of its outstanding common shares periodically over the next 12 months - WUHAN, China , April 11, 2022 /PRNewswire/ ...

China Automotive Systems Clocks 5.3% Sales Decline In Q4
China Automotive Systems Inc (NASDAQ: CAAS) reported a fourth-quarter FY21 sales decline of 5.3% year-on-year, to $138.8 million, beating the estimate of $126.1 million. The gross profit margin contra...

China Automotive Systems Reports Fourth Quarter and Fiscal Year 2021 Results
WUHAN, China, March 30, 2022 /PRNewswire/ -- China Automotive Systems, Inc. (NASDAQ: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced...

China Automotive Systems to Announce Unaudited 2021 Fourth Quarter and Audited 2021 Year Financial Results on March 30, 2022
WUHAN, China, March 16, 2022 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced...

China Automotive Systems Inks Supply Contract With SCANIA
China Automotive Systems Inc (NASDAQ: CAAS) has entered into an agreement to develop eRCB steering systems for SCANIA AB's trucks and buses. The eRCB steering system is a fully electric intelligent st...

China Automotive Systems Signs Supply Contract with SCANIA
WUHAN, China, Jan. 25, 2022 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced ...

China Automotive Systems Reports Unaudited 2021 Third Quarter Results
WUHAN, China, Nov. 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 ...

China Automotive Systems to Announce Unaudited 2021 Third Quarter Financial Results on November 12, 2021
WUHAN, China, Nov. 5, 2021 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced t...