Skip to content
MARKETS / NASDAQ / CAAS
NASDAQ · MOTOR VEHICLE PARTS & ACCESSORIES · SMALL CAP

China Automotive Systems, Inc. CAAS

3 fiscal years on record · USD · FY2025 reported · SEC filings only
$765.7M
▲ 17.6% YoY
$42.8M
▲ 42.9% YoY
$74.4M
In brief

What this company does

The company's group manufactures and sells automotive systems and components through its controlled subsidiaries and joint ventures. It has business relationships with more than sixty vehicle manufacturers, including BYD Auto Co., Ltd., Zhejiang Geely Automobile Co., Ltd., Chery Automobile Co., Ltd., Chongqing Changan Automobile Co., Ltd., SAIC Motor Co., Ltd, and FAW Group Co., Ltd. For overseas customers, it has supplied power steering gear to Stellantis N.V. since 2009 and to Ford Motor Company since 2016. It offers a full range of steering system parts for passenger automobiles and commercial vehicles, currently across four separate series of power steering, with an annual production capacity of over 8 million sets of steering gears, columns, and steering hoses. Its research and development expenditures, including engineering, were approximately $45.1 million, $27.6 million, and $29.2 million for the years ended December 31, 2025, 2024, and 2023, respectively. As of December 31, 2025, it held 348 active patents, of which 65 were inventive patents and 9 were software copyright patents.

Written from the business description in China Automotive Systems, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 22 April 2026. Every sentence was checked against that document before publication.

Growth
USD 765.7M
Revenue, FY2025 · full 3-year series below
Revenue $M Net income $M
FY2025 · Revenue 765.7 · Net income 42.8
400M202320242025
Compound annual growth
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
7 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 7.0% · Net 6.8%
2%4%6%202320242025
ROE
FY2025 · ROE 11.4%
5%10%202320242025

Each USD of equity produced 11 cents of profit this year.

Cash & shareholders
USD 2.2M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 74.4
25.0M50.0M-20.0M202320242025
Net buybacks $M Dividends $M
FY2025 · Dividends 2.2 · Net buybacks —
8M16M20242025

USD 2.2M in dividends — 5% of the year's profit went back to shareholders.

Total assetsUSD 1.0B
EquityUSD 401.3M
CashUSD 142.0M
Gross debtUSD 81.3M
Net debtUSD -60.7M
Current ratio1.36×

The company holds more cash than debt.

The 3-year record
3 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 202520242023
Revenue $B0.80.70.6
Operating income $B0.10.00.0
EBITDA $B0.10.10.1
Income tax $B0.00.00.0
Net income $B0.00.00.0
Free cash flow $B0.1−0.00.0
EPS, diluted $1.420.991.25
Dividend / sh $···
Payout %575·
ROE %11.48.610.9

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 13 reconciliationsAUDITED

Reconciled in 3 of 19 fiscal years. 82 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityMotor Vehicle Parts & Accessories
Listed onNASDAQ
Incorporated inoutside the United States — SEC code E9
Fiscal year endsDecember 31
Data on record since2023

Share this section

Download image