China Automotive Systems, Inc. (CAAS) - NASDAQ
  • Thu, May 12, 7:10 AM
    • China Automotive Systems (NASDAQ:CAAS) reports sales fell 5.3% in Q1 mainly due to decreased auto sales in a weak economic environment and the impact of foreign currency translation.
    • Gross margin rate improved 40 bps to 18% driven by change in product mix toward higher-margin advanced products.
    • Selling expense rate grew 80 bps to 3.7%.
    • Operating margin rate declined 160 bps to 6%.
    • The company reaffirms revenue guidance of $450M for FY2016.
    | Thu, May 12, 7:10 AM
  • Thu, May 12, 6:03 AM
    • China Automotive Systems (NASDAQ:CAAS): Q1 EPS of $0.18 misses by $0.04.
    • Revenue of $116.85M (-5.3% Y/Y) misses by $4.91M.
    • Press Release
    | Thu, May 12, 6:03 AM
  • Wed, Mar. 30, 6:25 AM
    • China Automotive Systems (NASDAQ:CAAS) reports sales declined 11.2% in Q4 mainly due to decreased auto sales in a weak economic environment.
    • Gross margin rate fell 90 bps to 16.8% as a result of weaker unit volume sales and a lower average selling price.
    • Selling expense rate improved 10 bps to 3.3% for the period.
    • Operating margin rate dropped 100 bps to 5.9%.
    • The company expects revenue of $450M for FY2016.
    | Wed, Mar. 30, 6:25 AM
  • Wed, Mar. 30, 6:02 AM
    • China Automotive Systems (NASDAQ:CAAS): Q4 EPS of $0.22 beats by $0.02.
    • Revenue of $120.1M (-11.2% Y/Y) beats by $11.88M.
    • Press Release
    | Wed, Mar. 30, 6:02 AM
  • Tue, Feb. 16, 12:46 PM
    | Tue, Feb. 16, 12:46 PM | 2 Comments
  • Nov. 12, 2015, 9:12 AM
    • China Automotive Systems (NASDAQ:CAAS) reports sales fell 11% mainly due to the decreased auto sales in a weak economic environment in Q3.
    • Gross margin rate decreased 270 bps to 17.5% due to weaker unit volume sales and lower average selling price adjustment.
    • Selling expense rate remained constant at 3.7%.
    • Operating margin rate declined 321 bps to 5.45%.
    • The company expects revenue growth for FY2015 to be flat Y/Y.
    • CAAS -6.55% premarket.
    | Nov. 12, 2015, 9:12 AM | 3 Comments
  • Nov. 12, 2015, 6:14 AM
    • China Automotive Systems (NASDAQ:CAAS): Q3 EPS of $0.13 misses by $0.10.
    • Revenue of $90.85M (-10.7% Y/Y) misses by $23.53M.
    | Nov. 12, 2015, 6:14 AM
  • Nov. 11, 2015, 10:50 AM
    | Nov. 11, 2015, 10:50 AM | 26 Comments
  • Aug. 13, 2015, 7:38 AM
    • China Automotive Systems (NASDAQ:CAAS) reports sales to North America increased 15.2% Y/Y.
    • Gross margin rate increased 130 bps to 20%.
    • Selling expense rate remained constant at 3.7%.
    • Operating margin rate fell 20 bps to 7.6%.
    • The company expects revenue growth for FY2015 to be flat Y/Y.
    • Q2 results
    | Aug. 13, 2015, 7:38 AM
  • Aug. 13, 2015, 5:31 AM
    • China Automotive Systems (NASDAQ:CAAS): Q2 EPS of $0.24 beats by $0.03.
    • Revenue of $109.17M (-5.5% Y/Y) misses by $20.9M.
    | Aug. 13, 2015, 5:31 AM
  • May 14, 2015, 7:23 AM
    • China Automotive Systems (NASDAQ:CAAS) reports sales rose 8% mainly due to higher sales to the Chinese passenger vehicle markets including an increase in the sale of higher-priced, middle-level electric power steering units.
    • Sales to North America increased 9.5% Y/Y.
    • Gross margin rate fell 110 bps to 17.6%.
    • Selling expense rate grew 20 bps to 2.9%.
    • Operating margin rate -90 bps to 7.6%.
    • FY2015 Guidance: Revenue growth of 10% is forecast for the full year.
    • Q1 results
    | May 14, 2015, 7:23 AM
  • May 14, 2015, 5:40 AM
    • China Automotive Systems (NASDAQ:CAAS): Q1 EPS of $0.26 beats by $0.03.
    • Revenue of $123.44M (+8.0% Y/Y) misses by $3M.
    | May 14, 2015, 5:40 AM
  • Mar. 26, 2015, 6:53 AM
    • China Automotive Systems (NASDAQ:CAAS) reports sales rose 4.7% mainly due to the growth of the Chinese passenger vehicle market and the strong growth in sales of mid-level electric power steering units in Q4.
    • Gross margin rate increased 40 bps to 17.7%, primarily due to greater sales volume.
    • Selling expense rate grew 50 bps to 3.4%.
    • Operating margin rate +30 bps to 6.9%.
    • FY2015 Guidance: Revenue growth of 10% is forecast for the full year.
    | Mar. 26, 2015, 6:53 AM
  • Mar. 26, 2015, 6:32 AM
    • China Automotive Systems (NASDAQ:CAAS): Q4 EPS of $0.28 beats by $0.01.
    • Revenue of $135.3M (+4.7% Y/Y) beats by $3.27M.
    | Mar. 26, 2015, 6:32 AM
  • Mar. 4, 2015, 12:34 PM
    • Investors betting on the Chinese automobile market need to factor in how runaway pollution impacts investment potential, warn analysts.
    • The air Pollution index in China has hit dangerous levels this week with Beijing registering a 168 today and Nanjing hitting a shockingly high 288 yesterday (extremely unhealthy).
    • Other cities with an "unhealthy" reading on air quality include Guangzhou, Nanjing, Maanshan, Chengdu, Chuzhou, Zhenjiang, Yahgzhou, Wuhu, and Hong Kong.
    • Reports indicate the Chinese population has become more concerned about the medical ramifications of long-term exposure to pollution.
    • Some automobile industry watchers think foreign car manufacturers could benefit at the expense of domestic automakers if the government in China is to take further steps to push low-emission cars and EVs.
    • The other side of the equation is the restrictions placed on car sales in certain regions in the nation.
    • China auto sales are expected to rise 8.3% this year.
    • China-related auto stocks (including JVs): KNDI, OTCQX:VLKAY, GM, F, OTCPK:DDAIF, TSLA, OTCPK:BAMXY, OTCPK:BCAUY, OTCPK:GWLLY, OTCPK:GWLLF, OTCPK:GELYF, OTCPK:GELYY, OTCPK:DNFGF, OTCPK:DNFGY, OTC:HYMLF, CAAS, SORL, OTCPK:BYDDY, OTCPK:BYDDF.
    | Mar. 4, 2015, 12:34 PM | 140 Comments
  • Nov. 12, 2014, 7:53 AM
    • China Automotive Systems (NASDAQ:CAAS) picked up market share in Q3 as its sales growth more than doubled the rate in the industry.
    • An expanded partnership with Chrysler was a factor in North America.
    • Gross profit rate +200 bps to 20.2% on a higher mix of electric power steering sales.
    • Selling expense rate +120 bps to 3.7%.
    | Nov. 12, 2014, 7:53 AM
Company Description
China Automotive Systems, Inc. engages in the manufacture and sale of automotive products. It distributes power steering systems, automotive parts, modular automotive steering gears, and electric power steering. The company was founded on June 29, 1999 and is headquartered in Wuhan, China.
Industry: Auto Parts
Country: China