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Last $7.09 USD
Change Today -0.07 / -0.98%
Volume 51.1K
CAAS On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:10 PM 04/27/15 All times are local (Market data is delayed by at least 15 minutes).

china automotive systems inc (CAAS) Snapshot

Open
$7.08
Previous Close
$7.16
Day High
$7.23
Day Low
$7.07
52 Week High
09/11/14 - $10.86
52 Week Low
01/30/15 - $6.04
Market Cap
227.7M
Average Volume 10 Days
39.5K
EPS TTM
$0.88
Shares Outstanding
32.1M
EX-Date
06/24/14
P/E TM
8.1x
Dividend
--
Dividend Yield
2.54%
Current Stock Chart for CHINA AUTOMOTIVE SYSTEMS INC (CAAS)

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china automotive systems inc (CAAS) Details

China Automotive Systems, Inc., through its subsidiaries, manufactures and sells automotive systems and components in the People’s Republic of China. The company 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 electric power steering gears. It is also involved in the marketing of automotive parts in North America, as well as the provision of after sales, and research and development support services. In addition, the company imports and sells automotive parts in Brazil. China Automotive Systems, Inc. primarily sells its products to the original equipment manufacturing customers. The company was founded in 2003 and is headquartered in Jing Zhou, the People’s Republic of China.

4,310 Employees
Last Reported Date: 03/26/15
Founded in 2003

china automotive systems inc (CAAS) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $210.0K
Chairman
Total Annual Compensation: $315.0K
Vice President
Total Annual Compensation: $150.0K
Compensation as of Fiscal Year 2013.

china automotive systems inc (CAAS) Key Developments

China Automotive Systems Seeks Acquisitions

China Automotive Systems Inc. (NasdaqCM:CAAS) is seeking acquisitions. China Automotive Systems Inc. has filed a Shelf Registration, the net proceeds of which will be used for capital expenditures, possible future acquisitions, and general corporate and working capital purposes.

China Automotive Systems Inc. Reports Audited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Year 2015

China Automotive Systems Inc. reported audited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net sales increased by 4.7% to a record high of USD 135.3 million, compared to USD 129.2 million in the fourth quarter of 2013. Gross profit increased by 7.1% to USD 24.0 million, compared to USD 22.4 million in the fourth quarter of 2013; gross margin rose to 17.7%, compared to 17.3% in the fourth quarter of 2013. Income from operations was USD 9.3 million, compared to USD 8.6 million in the fourth quarter of 2013. Net income attributable to parent company's common shareholders was USD 9.0 million, or diluted earnings per share of USD 0.28, compared to net income attributable to parent company's common shareholders of USD 7.2 million, or diluted earnings per share of USD 0.26. For the year, the company reported net product sales including USD 50,442 and USD 37,453 to related parties of USD 466.773 million compared to USD 415.158 million a year ago. Operating income was USD 44.432 million compared to USD 36.718 million a year ago. Income before income tax expenses and equity in earnings of affiliated was USD 46.081 million compared to USD 38.241 million a year ago. Net income was USD 39.594 million compared to USD 33.065 million a year ago. Net income attributable to parent company's common shareholders was USD 33.542 million compared to USD 26.789 million a year ago. Diluted earnings per share were USD 1.15 compared to USD 0.95 a year ago. Net cash provided by operating activities were USD 45.697 million compared to USD 12.876 million a year ago. Purchase of short-term investments was USD 46.419 million compared to USD 46.492 million a year ago. For the year 2015, the company’s revenue growth rate target is 10% year-over-year growth for the fiscal year 2015. This target is based on the Company's current views on operating and market conditions, which are subject to change.

China Automotive Systems Inc. to Report Q4, 2014 Results on Mar 26, 2015

China Automotive Systems Inc. announced that they will report Q4, 2014 results at 9:00 AM, China Standard Time on Mar 26, 2015

 

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CAAS

Industry Average

Valuation CAAS Industry Range
Price/Earnings 6.2x
Price/Sales 0.5x
Price/Book 0.8x
Price/Cash Flow 6.9x
TEV/Sales 0.1x
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