Bloomberg "Anywhere" Remote Login Bloomberg "Terminal" Request a Demo

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $6.08 USD
Change Today +0.02 / 0.33%
Volume 21.3K
CAAS On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 5:20 PM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

china automotive systems inc (CAAS) Snapshot

Open
$6.20
Previous Close
$6.06
Day High
$6.20
Day Low
$6.00
52 Week High
09/11/14 - $10.86
52 Week Low
08/25/15 - $5.51
Market Cap
195.3M
Average Volume 10 Days
49.7K
EPS TTM
$0.91
Shares Outstanding
32.1M
EX-Date
06/24/14
P/E TM
6.7x
Dividend
--
Dividend Yield
--
Current Stock Chart for CHINA AUTOMOTIVE SYSTEMS INC (CAAS)

Related News

No related news articles were found.

china automotive systems inc (CAAS) Related Businessweek News

No Related Businessweek News Found

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.

3,000 Employees
Last Reported Date: 08/13/15
Founded in 2003

china automotive systems inc (CAAS) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $237.0K
Chairman
Total Annual Compensation: $356.0K
Chief Financial Officer
Total Annual Compensation: $142.0K
Vice President
Total Annual Compensation: $150.0K
Compensation as of Fiscal Year 2014.

china automotive systems inc (CAAS) Key Developments

China Automotive Systems Inc. Announces Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Revenue Guidance for the Year 2015

China Automotive Systems Inc. announced unaudited consolidated financial results for the second quarter and six months ended June 30, 2015. For the quarter, net sales were $109.2 million, compared to $115.5 million in the same quarter of 2014. Net sales declined due to lower sales of domestic vehicles using the company's legacy hydraulic power steering, partially offset by higher sales to North America and sales of electric power steering (EPS) units in China. Also, steering sales to the commercial vehicle market declined due to the economic slowdown in China and the effects of the implementation of the stricter National IV emission standards in 2015. Income from operations was $8.3 million compared to $16.5 million in the same quarter of 2014. The decrease was primarily due to the lower gain on other sales related to a $7.5 million gain on the sale of land use rights recognized in the second quarter of 2014. Without the $7.5 million gain on sale of land use rights, income from operations for the second quarter of 2014 would have approximated $9.0 million. Income before income tax expenses and equity in earnings of affiliated companies was $9.2 million compared to $16.6 million in the second quarter of 2014. Net income attributable to parent company's common shareholders was $7.7 million compared to net income attributable to parent company's common shareholders of $11.0 million in the corresponding quarter of 2014. Basic and diluted earnings per share were $0.24 in the second quarter of 2015, compared to $0.39 in the second quarter of 2014. Excluding the one-time gain on the sale of land use rights, net income and diluted earnings per share would have been $5.9 million and $0.21 respectively in the second quarter of 2014. The company continued to generate positive cash flow from operations of over $9.6 million. For the six months, net sales increased to $232.6 million compared to $229.8 million in the first six months of 2014. Income from operations was $17.6 million, compared to $26.3 million in the first six months of 2014. Net income attributable to parent company's common shareholders was $16.2 million compared to $17.8 million in the corresponding period in 2014. Basic and diluted earnings per share were $0.50 compared to $0.63 for the corresponding period in 2014. Excluding the one-time gain on the sale of land use rights, the diluted earnings per share would have been $0.45 in the first six months of 2014. Net cash provided by operating activities was $14.5 million against $7.7 million a year ago. Payments to acquire property, plant and equipment were $13.7 million against $8.2 million a year ago. Payments to acquire intangible assets were $0.8 million against $0.005 million a year ago. Income before income tax expenses and equity in earnings of affiliated companies was $18.9 million compared to $26.9 million a year ago. The company management has revised its revenue guidance for the full year 2015 to be even with 2014 due to the China auto market slowdown. 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 Q2, 2015 Results on Aug 13, 2015

China Automotive Systems Inc. announced that they will report Q2, 2015 results at 8:00 AM, Eastern Daylight on Aug 13, 2015

China Automotive Systems Inc., Q2 2015 Earnings Call, Aug 13, 2015

China Automotive Systems Inc., Q2 2015 Earnings Call, Aug 13, 2015

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
CAAS:US $6.08 USD +0.02

CAAS Competitors

Market data is delayed at least 15 minutes.

Company Last Change
No competitor information is available for CAAS.
View Industry Companies
 

Industry Analysis

CAAS

Industry Average

Valuation CAAS Industry Range
Price/Earnings 5.9x
Price/Sales 0.4x
Price/Book 0.6x
Price/Cash Flow 6.1x
TEV/Sales 0.1x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact CHINA AUTOMOTIVE SYSTEMS INC, please visit www.caasauto.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.