Last $9.27 USD
Change Today +0.11 / 1.20%
Volume 30.4K
CAAS On Other Exchanges
Symbol
Exchange
NASDAQ CM
Frankfurt
As of 8:10 PM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

china automotive systems inc (CAAS) Snapshot

Open
$9.25
Previous Close
$9.16
Day High
$9.33
Day Low
$9.16
52 Week High
09/11/14 - $10.86
52 Week Low
11/7/13 - $6.14
Market Cap
260.0M
Average Volume 10 Days
75.5K
EPS TTM
$0.85
Shares Outstanding
28.0M
EX-Date
06/24/14
P/E TM
10.9x
Dividend
--
Dividend Yield
1.95%
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: 08/13/14
Founded in 2003

china automotive systems inc (CAAS) Top Compensated Officers

Chief Executive Officer, President and Direct...
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, Inc. Wins Multi-Year Contract from Chrysler Group LLC for Supply of Steering Gears for 2015 RAM 4500 and 5500 Chassis Cab Trucks

China Automotive Systems Inc. has increased its presence in the North American market through a new multi-year agreement to supply Chrysler Group LLC steering gears for the 2015 RAM(R) 4500 and 5500 Chassis Cab trucks. CAAS began working with Chrysler in 2008 by supplying steering gears to the Jeep(R) Wrangler. In 2012, CAAS expanded its relationship with Chrysler by supplying steering gears to the RAM 2500 and 3500 heavy-duty trucks. The 2015 RAM 4500 Chassis Cab has a maximum payload of 8,920 pounds. The truck also offers a towing capacity of 24,640 pounds. The 2015 RAM 5500 truck has a maximum payload of 11,790 pounds and features a maximum towing capacity of 29,600 pounds. CAAS now supplies the re-circulating ball (RCB) steering gears for all heavy-duty trucks produced by Fiat Chrysler in North America. CAAS also provides other steering products such as hydraulic rack and pinion steering, manual steering, steering columns, steering hoses, and China's first domestically designed and produced electric power steering systems, to other global automotive manufacturing companies.

China Automotive Systems Inc. Announces Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Revenue Guidance for the Year 2014

China Automotive Systems Inc. announced unaudited consolidated financial results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported income from operations of $16,526,000 against $7,814,000 a year ago. The increase in income from operations was primarily due to higher gross profit, and a $7.5 million gain on other sales mainly from the sales of idle land use rights. Income before income tax expenses and equity in earnings of affiliated companies was $16,637,000 against $7,709,000 a year ago. The increase of $8.9 million in the second quarter of 2014 was mainly due to an increase in operating income of $8.7 million. Net income attributable to parent company's common shareholders was $11,006,000 against $4,981,000 a year ago. Net income attributable to parent company's common shareholders per diluted share was $0.39 against $0.18 a year ago. Net sales increased by 18.0% to record of $115.5 million, compared to $97.9 million in the second quarter of 2013. The net sales increase was mainly due to higher sales of passenger vehicles in China and North America. For the six months, the company reported income from operations of $26,297,000 against $17,159,000 a year ago. Income before income tax expenses and equity in earnings of affiliated companies was $26,861,000 against $16,923,000 a year ago. Net income attributable to parent company's common shareholders was $17,781,000 against $10,921,000 a year ago. Net income attributable to parent company's common shareholders per diluted share was $0.63 against $0.39 a year ago. Net cash provided by operating activities was $7,692,000 against $167,000 a year ago. Payments to acquire property, plant and equipment was $8,194,000 against $5,565,000 a year ago. Payments to acquire intangible assets was $5,000 against $60,000 a year ago. Advance payments for acquiring property, plant and equipment was $5,155,000 against $3,204,000 a year ago. Net sales increased by 17.8% to a six-month record high of $229.8 million, compared to $195.1 million in the first six months of 2013. The company management reiterates its revenue guidance of 15% year-over-year growth for the full year 2014. 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, 2014 Results on Aug 13, 2014

China Automotive Systems Inc. announced that they will report Q2, 2014 results at 9:00 AM, China Standard Time on Aug 13, 2014

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
CAAS:US $9.27 USD +0.11

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 7.7x
Price/Sales 0.6x
Price/Book 1.1x
Price/Cash Flow 7.7x
TEV/Sales 0.2x
 | 

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.