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CAAS

China Automotive Systems, Inc.

CAAS

China Automotive Systems, Inc. • NASDAQ
$4.12 ▲ 0.97% (+0.04)
Market Cap $124.30 M
52w High $5.37
52w Low $3.50
Dividend Yield 0.80%
P/E 4.25
Volume 19.19K
Outstanding Shares 30.17M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $193.203M ▲ $21.229M ▲ $9.667M ▲ 5.004% ▲ $0.32 ▲ $15.339M ▼
Q2-2025 $176.245M ▲ $17.563M ▼ $7.625M ▲ 4.326% ▲ $0.25 ▲ $18.994M ▲
Q1-2025 $167.094M ▼ $19.945M ▼ $7.122M ▼ 4.262% ▼ $0.24 ▼ $17.203M ▲
Q4-2024 $188.718M ▲ $20.758M ▲ $9.068M ▲ 4.805% ▲ $0.3 ▲ $15.518M ▼
Q3-2024 $164.215M $15.257M $5.504M 3.352% $0.18 $16.889M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $178.7M ▲ $939.141M ▲ $513.307M ▲ $378.843M ▲
Q2-2025 $102.194M ▲ $843.716M ▼ $432.838M ▼ $366.375M ▲
Q1-2025 $65.237M ▼ $845.352M ▼ $446.188M ▼ $357.548M ▲
Q4-2024 $84.524M ▼ $850.579M ▲ $460.79M ▲ $349.569M ▼
Q3-2024 $98.31M $829.032M $439.773M $350.107M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $10.372M ▲ $30.992M ▲ $-7.077M ▼ $3.173M ▲ $27.701M ▲ $22.743M ▲
Q1-2025 $8.455M ▼ $18.09M ▲ $-3.222M ▲ $-6.007M ▼ $9.443M ▲ $7.788M ▲
Q4-2024 $9.068M ▲ $-6.766M ▼ $-26.653M ▼ $1.112M ▼ $-37M ▼ $-32.575M ▼
Q3-2024 $8.073M ▼ $7.411M ▲ $-23.046M ▼ $2.079M ▼ $-9.561M ▼ $-892K ▲
Q2-2024 $8.755M $-1.32M $-11.749M $6.189M $-8.2M $-7.157M

Revenue by Products

Product Q1-2025Q2-2025
Other Operating Segment
Other Operating Segment
 $30.00M ▲$40.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has been climbing steadily over the past several years, showing that the business is growing rather than shrinking. Profitability has improved from losses earlier in the decade to consistent profits in recent years, with operating margins gradually getting healthier as the company moves up the value chain. That said, net profit most recently eased a bit compared with the prior year, suggesting that while the core business is stronger than before, earnings can still be uneven given industry cycles, pricing pressure, and ongoing investment needs.

Balance Sheet

Balance Sheet The balance sheet looks relatively solid, with total assets slowly building over time and shareholders’ equity inching up, which signals gradual strengthening of the company’s financial foundation. Cash levels, however, have dipped from earlier highs, while debt has risen compared with a few years ago, implying the company is leaning more on borrowing than before. Overall, it does not look overburdened, but the trend points to higher financial risk than in the past and a need to watch how debt and cash move from here.

Cash Flow

Cash Flow Cash generated from day‑to‑day operations is positive but modest and has trended down from earlier stronger years, which limits financial flexibility. Free cash flow has recently turned negative, mainly because the company is spending more on capital projects and future capacity. This pattern is typical of a business investing for growth, but it also means less leftover cash for cushioning downturns, so the success of these investments becomes very important.

Competitive Edge

Competitive Edge China Automotive Systems operates in a tough, competitive auto‑parts market, but it has some clear advantages. It is deeply embedded with many major Chinese and global automakers, which makes it harder for customers to switch suppliers. The firm has moved beyond basic hydraulic steering into more advanced electric and intelligent systems, allowing it to compete higher up the technology ladder rather than only on low cost. Still, it faces strong global rivals, exposure to China’s auto cycle, and constant pressure to keep up with rapid technology changes in steering and vehicle electronics.

Innovation and R&D

Innovation and R&D Innovation is a core focus, with the company pushing aggressively into electric power steering, intelligent systems that support driver‑assistance and early autonomous features, and advanced products like active rear‑wheel steering. Its in‑house development of key components and its collaboration with a top Chinese university strengthen its technical base and help it differentiate on performance and cost. Looking ahead, success in areas like steer‑by‑wire, higher‑level autonomous compatibility, and scaling production for international customers will be critical tests of whether today’s R&D spending turns into durable competitive strength and higher‑value sales.

Summary

China Automotive Systems appears to be transitioning from a traditional, lower‑margin auto‑parts supplier into a more technology‑driven steering systems company. The income statement shows steady growth and more consistent profitability than in the past, supported by a gradually improving margin profile. The balance sheet is generally sound but trending toward higher leverage, while cash flow shows that increased investment is putting pressure on near‑term financial flexibility. Competitively, entrenched relationships, cost advantages, and a shift to advanced products are clear strengths, counterbalanced by intense global competition and execution risk in new technologies. Overall, this is a business in the midst of an upgrade cycle: stronger than it was a few years ago, more exposed to high‑tech opportunities, but also more dependent on continuing to innovate and deliver on its long‑term contracts and R&D bets.

NEWS

November 12, 2025 · 6:00 AM UTC

China Automotive Systems Reports 77.8% EPS Growth in the Third Quarter of 2025 and Raises Full Year Guidance

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November 3, 2025 · 6:00 AM UTC

China Automotive Systems Signs Strategic Cooperation MoU With KYB-UMW to Advance High-End Manufacturing in Malaysia and Further Develop ASEAN Market

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October 21, 2025 · 6:00 AM UTC

CAAS Introduces Rear-Wheel Active Steering Technology to Upper Mass-Market EVs in China

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September 11, 2025 · 4:50 PM UTC

CHINA AUTOMOTIVE SYSTEMS COMPLETES REDOMICILIATION MERGER

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September 2, 2025 · 6:00 AM UTC

China Automotive Systems Announces Special Meeting of Stockholders on September 10, 2025

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