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China Automotive Systems, Inc. (CAAS)

- NASDAQ
  • Thu, Aug. 13, 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
    | Thu, Aug. 13, 7:38 AM | Comment!
  • Thu, Aug. 13, 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.
    • Press Release
    | Thu, Aug. 13, 5:31 AM | Comment!
  • Thu, May 14, 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
    | Thu, May 14, 7:23 AM | Comment!
  • Thu, May 14, 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.
    • Press Release
    | Thu, May 14, 5:40 AM | Comment!
  • Thu, Mar. 26, 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.
    | Thu, Mar. 26, 6:53 AM | Comment!
  • Thu, Mar. 26, 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.
    • Press Release
    | Thu, Mar. 26, 6:32 AM | Comment!
  • Wed, Mar. 4, 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.
    | Wed, Mar. 4, 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 | Comment!
  • Nov. 12, 2014, 6:56 AM
    • China Automotive Systems (NASDAQ:CAAS): Q3 EPS of $0.24 beats by $0.03.
    • Revenue of $101.74M (+11.9% Y/Y) misses by $13.3M.
    • Press Release
    | Nov. 12, 2014, 6:56 AM | Comment!
  • Aug. 13, 2014, 9:02 AM
    • China Automotive Systems (NASDAQ:CAAS) reports bustling Q2 sales as demand for passenger cars in China soars and the company's partnership with Chrysler pays off.
    • Gross margin rate -10 bps to 18.7%.
    • Operating margin rate +630 bps to 14.3%
    • Guidance: Revenue growth of 15% is forecast for the full year.
    | Aug. 13, 2014, 9:02 AM | Comment!
  • Aug. 13, 2014, 6:02 AM
    • China Automotive Systems (NASDAQ:CAAS): Q2 EPS of $0.39 beats by $0.17.
    • Revenue of $115.5M (+18.0% Y/Y) misses by $4.12M.
    • Press Release
    | Aug. 13, 2014, 6:02 AM | Comment!
  • Jul. 21, 2014, 12:46 PM
    | Jul. 21, 2014, 12:46 PM | 2 Comments
  • May 27, 2014, 7:13 AM
    | May 27, 2014, 7:13 AM | Comment!
  • May 14, 2014, 6:52 AM
    • China Automotive Systems (CAAS): Q1 EPS of $0.24 beats by $0.03.
    • Revenue of $114.3M (+17.6% Y/Y) misses by $0.35M.
    • Press Release
    | May 14, 2014, 6:52 AM | Comment!
  • Nov. 13, 2013, 11:57 AM
    • China Automotive Systems (CAAS +16.8%) shares jump on the company's Q3 results, which saw revenue grow 24.2% Y/Y to $90.9M.
    • Gross profit expanded 32% to $16.5M, as margin expanded by 1.1% to 18.2%.
    • Income from operations doubled Y/Y to $11M, with margin expanding by 4.6% to 12.1%.
    • Management hiked full-year revenue growth guidance to 20% from 15%, implying revenue of $403.2M (vs. a lone analyst's expectations of $392.2M).
    • The company continues to expand its market share, with its 24.2% growth rate in Q3 exceeding the 13.6% growth in China's automotive market during the period.
    • PRConference call (transcript)
    | Nov. 13, 2013, 11:57 AM | Comment!
  • Nov. 13, 2013, 6:18 AM
    • China Automotive Systems (CAAS): Q3 EPS of $0.31.
    • Revenue of $90.9M (+24.2% Y/Y). (PR)
    | Nov. 13, 2013, 6:18 AM | Comment!
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Company Description
China Automotive Systems Inc is a holding company. The Company through its subsidiaryis engaged in manufacturing and sale of automotive systems and components.
Industry: Auto Parts
Country: China