WUHAN, China, Aug. 2, 2024 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced that it will issue unaudited financial results for the second quarter ended June 30, 2024, on Tuesday, August 13, 2024, before the market opens. Management will conduct a conference call on August 13th at 7:00 A.M. EDT/7:00 P.M. Beijing Time to discuss these results. A question and answer session will follow man ...

Sergii Petruk/iStock via Getty Images Investment Thesis China Automotive Systems (NASDAQ:CAAS) is one of the largest suppliers of power steering systems and components to China's automotive industry. CAAS poses an interesting, deep value play. The stock is currently trading at 5.4x EBIT (2025), and a 74% discount to its fully diluted book value of $392MM. CAAS is set to benefit from strong tailwinds from the rise in electric vehicle demand and its exclusive electric power steering products. I see decent ups ...

- Celebrating 20th Anniversary of NASDAQ Listing -WUHAN, China, July 19, 2024 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced that the Board of Directors has declared a special cash dividend of US$0.80 per common share.  The special cash dividend is payable on or about August 22, 2024 to shareholders of record as of the close of business on Tuesday, July 30, 2024. The aggregate amount ...

Signs of a recovery in the world’s second largest economy continue to emerge. The Chinese housing sector continues to rebound. That alone bodes well for the Chinese economy. Meanwhile, signs of potential rate cuts in the U.S. continue to emerge. Weaker than expected payroll data in May increases the likelihood that the Federal Reserve will cut rates in the coming months. The overall result is that Chinese penny stocks look particularly interesting at the moment.The combination of exposure to the Chinese eco ...

MarioGuti/iStock via Getty Images A Stock in Drive China Automotive Systems, Inc. (NASDAQ:CAAS) stock is a victim of China's New Electric Vehicle and automotive sales industry success. This small company with a $108.97M market cap has been unnoticed for too long. The stock hit a high of $9.61 per share in early 2023. Subsequently, bad news disappointed investors in the EV industry, compounded by political and economic headwinds that undercut the stock's momentum. 12 months later, CAAS shares closed just abo ...

财务数据和关键指标变化 - 2024年第一季度毛利增长11.6%,毛利率提高至17.3% [9][29][30] - 营业利润增长26%,主要由于毛利增加抵消了运营费用的小幅上升 [10][35] - 每股摊薄收益增长17.4%至0.27美元 [11][39][40][41] - 总现金、现金等价物和短期投资为1.358亿美元,约每股4.50美元 [42] 各条业务线数据和关键指标变化 - 传统转向系统产品销售下降约240万美元,主要由于相关车型销量下降 [12][26] - 电动转向系统(EPS)产品销售基本持平,占总销售的34% [14][26][27] - 北美销售下降,主要由于斯特兰蒂斯(Stellantis)北美地区总销量下降 [12][13][27] - 巴西销售增长17.6%,主要由于菲亚特销量增加 [13][28] - 其他实体销售增长31.2%,主要由于武汉杰龙和武汉海星销量上升 [28] 各个市场数据和关键指标变化 - 中国乘用车和商用车销量增长约10% [15] - 新能源车销量占总销量约30% [16] - 中国汽车出口增长33.2% [23] 公司战略和发展方向及行业竞争 - 公司正在扩大EPS产品线,以满足更多客户需求 [18][20] - 公司正在与客户BYD合作开发新产品,提升其电动车转向性能 [21] - 公司看好中国汽车行业和经济前景,预计2024年全年收入为6.05亿美元 [22][45] - 公司正在将Sentient子公司的技术应用于ADAS产品开发 [19] - 全球多数主要车企正在逐步淘汰内燃机车型,这为公司EPS产品带来新的增长机会 [24] 管理层对经营环境和未来前景的评论 - 公司对中国汽车行业和经济前景保持乐观 [22][23] - 公司对EPS产品在北美市场的增长机会持谨慎态度,受中美关系紧张局势影响 [64][65] - 公司对Sentient子公司的长期前景保持乐观 [50] 问答环节重要的提问和回答 问题1 **Jonathan Yudis 提问** 询问2024年剩余时间的R&D支出展望及主要项目 [55][56][57] **Jie Li 回答** 公司2024年R&D支出将投入于ERCB、I-RCB、R-EPS等项目,与大客户合作开发新产品 问题2 **Margaret Wilson 提问** 询问2024年毛利率展望 [59][60] **Jie Li 回答** 公司预计2024年全年毛利率将维持在17%-18%之间,得益于成本管控、产品结构优化及原材料价格下降等因素

Exhibit 99.1 China Automotive Systems Reports 17.4% Increase in Earnings Per Share in the First Quarter of 2024 WUHAN, China, May 14, 2024 - China Automotive Systems, Inc. (NASDAQ: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced its unaudited financial results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights ● Net sales were $139.4 million ● Gross profit increased by 11.6% to $24.1 million with a gross margin of 17. ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 Or ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | --- | --- | |-----------------------------------------------------------------------------|------------------|-------|--------------------------------------------- ...

WUHAN, China, May 14, 2024 /PRNewswire/ -- China Automotive Systems, Inc. (NASDAQ: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced its unaudited financial results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights Net sales were $139.4 million Gross profit increased by 11.6% to $24.1 million with a gross margin of 17.3%, compared with $21.6 million of gross profit and a 15.2% gross margin in the first quarter of 2023 ...

WUHAN, China, May 7, 2024 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced that it will issue unaudited financial results for the first quarter ended March 31, 2024, on Tuesday,  May 14, 2024, before the market opens.  Management will conduct a conference call on May 14th at 8:00 A.M. EDT/8:00 P.M. Beijing Time to discuss these results.  A question and answer session will follow managem ...