China Automotive Systems, Inc. (CAAS)

NASDAQ: CAAS · IEX Real-Time Price · USD
3.70
-0.08 (-1.99%)
Sep 22, 2023, 4:00 PM EDT - Market closed
-1.99%
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]

Industry Auto Parts
CEO Qizhou Wu
Employees 3,957
Stock Exchange NASDAQ
Ticker Symbol CAAS
Full Company Profile

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 Statements

News

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...

4 weeks ago - PRNewsWire

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...

6 weeks ago - PRNewsWire

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 ...

7 weeks ago - PRNewsWire

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 ...

4 months ago - PRNewsWire

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...

5 months ago - PRNewsWire

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...

6 months ago - PRNewsWire

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...

6 months ago - PRNewsWire

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...

10 months ago - PRNewsWire

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...

10 months ago - PRNewsWire

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...

11 months ago - PRNewsWire

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 ...

11 months ago - PRNewsWire

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,...

1 year ago - PRNewsWire

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...

1 year ago - PRNewsWire

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 ...

1 year ago - PRNewsWire

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...

1 year ago - PRNewsWire

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...

1 year ago - PRNewsWire

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 ...

1 year ago - PRNewsWire

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/ ...

1 year ago - 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...

1 year ago - Benzinga

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...

1 year ago - PRNewsWire

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...

1 year ago - PRNewsWire

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...

1 year ago - Benzinga

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 ...

1 year ago - PRNewsWire

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 ...

2 years ago - PRNewsWire

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...

2 years ago - PRNewsWire