| China Automotive Systems, Inc. (CAAS) Q1 2025 Earnings Call Transcript |
China Automotive Systems, Inc. (NASDAQ:CAAS ) Q1 2025 Earnings Conference Call May 14, 2025 8:00 AM ET Company Participants Kevin Theiss - IR Qizhou Wu - President, CEO & Director Jie Li - CFO Conference Call Participants Gary Nash - Nashco Systems Ltd Operator Good morning, everyone, and welcome to China Automotive Systems' First Quarter 2025 Conference Call. At this time, all participants are in a listen - only mode and we will be opening the floor for questions following the presentation. |
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2025-05-14 18:27:30 |
Czytaj oryginał (ang.) |
| China Automotive Systems Reports 19.9% Increase in Net Sales in First Quarter of 2025 |
WUHAN, China , May 14, 2025 /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, 2025. First Quarter 2025 Highlights Net sales grew by 19.9% year-over-year to $167.1 million; sales of EPS products rose by 54.0% Gross profit increased by 18.8% year-over-year to $28.6 million with a gross margin of 17.1% compared with $24.1 million of gross profit and a 17.3% gross margin in the first quarter of 2024 Income from operations decreased to $8.6 million compared with $9.7 million in the first quarter of 2024 Diluted income per share was $0.24, compared to diluted income per share of $0.27 in the first quarter of 2024 Cash, cash equivalents, and short-term investments were $89.9 million as of March 31, 2025 Net cash provided by operating activities was $18.1 million in the first quarter of 2025 compared to $10.5 million in the first quarter of 2024. |
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2025-05-14 10:00:00 |
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| China Automotive Systems to Announce Unaudited 2025 First Quarter Financial Results on May 14, 2025 |
WUHAN, China , May 6, 2025 /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, 2025, on Wednesday, May 14, 2025, before the market opens. Management will conduct a conference call on May 14 th at 8:00 A.M. |
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2025-05-06 10:00:00 |
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| China Automotive Systems, Inc. (CAAS) Q4 2024 Earnings Call Transcript |
China Automotive Systems, Inc. (NASDAQ:CAAS ) Q4 2024 Earnings Conference Call March 28, 2025 8:00 AM ET Company Participants Kevin Theiss - IR Jie Li - CFO Conference Call Participants Operator Good morning, everyone. And welcome to the China Automotive Systems Fourth Quarter and Fiscal Year 2024 Conference Call. |
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2025-03-28 11:28:10 |
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| China Automotive Systems Reports 12.9% Revenue Increase to Annual Record |
- Electric Power Steering ("EPS") Sales Increased by 29.9% in 2024 - WUHAN, China , March 28, 2025 /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 fourth quarter and the audited results for the fiscal year ended December 31, 2024. Fourth Quarter 2024 Highlights Net sales increased by 18.6% year-over-year to $188.7 million Gross profit was $29.5 million from $34.7 million. |
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2025-03-28 08:00:00 |
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| China Automotive Systems to Announce Unaudited 2024 Fourth Quarter and Audited 2024 Year Financial Results on March 28, 2025 |
WUHAN, China , March 19, 2025 /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 fourth quarter ended December 31, 2024, on Friday, March 28, 2025, before the market opens. Management will conduct a conference call on March 28 th at 8:00 A.M. |
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2025-03-19 08:00:00 |
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| China Automotive Systems Announces Subsidiary's Annual Sales Milestone of 5 Million Units and New Driver Assist Products in Mass Production |
WUHAN, China , Jan. 24, 2025 /PRNewswire/ -- China Automotive Systems, Inc. (NASDAQ: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced that its largest subsidiary by sales, Jingzhou Henglong Auto Parts Manufacturing Co., Ltd. ("Jingzhou Henglong"), achieved a production and sales increase of 35% year-over-year in the fourth quarter of 2024, and reached a new single monthly record high sales and production in December 2024 of more than 620,000 units, a 46.7% year-over-year increase. |
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2025-01-24 08:00:00 |
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| China Automotive Systems Wins Supplier Awards From Leading OEMs |
WUHAN, China , Jan. 7, 2025 /PRNewswire/ -- China Automotive Systems, Inc. (NASDAQ: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced that its subsidiary, Shashi Jiulong Power Steering Gears Co., Ltd ("Shashi Jiulong"), won customer awards and accolades from two major vehicle OEM customers, Beiqi Foton Motor Co., Ltd. ("Foton Motor") and Shaanxi Automobile Heavy Truck ("Shaanxi"). |
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2025-01-07 08:00:00 |
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| China Automotive Systems Announces Share Repurchase Program Up To $5 Million |
WUHAN, China , Nov. 18, 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 its board of directors approved a share repurchase program of up to $5 million of its outstanding common shares periodically over the next 12 months. Repurchases will be made in open market transactions, at prevailing market prices not to exceed $5.50 per share through November 15, 2025, subject to applicable laws, regulations and approvals. |
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2024-11-18 08:00:00 |
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| China Automotive Systems, Inc. (CAAS) Q3 2024 Earnings Call Transcript |
China Automotive Systems, Inc. (NASDAQ:CAAS ) Q3 2024 Earnings Conference Call November 13, 2024 8:00 AM ET Company Participants Kevin Theiss - IR Jie Li - CFO Conference Call Participants Operator Greetings. Welcome to the China Automotive Systems Third Quarter 2024 Conference Call. |
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2024-11-14 00:29:16 |
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| China Automotive Systems Reports Sales Increased by 19.4% in the Third Quarter of 2024 |
WUHAN, China , Nov. 13, 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 third quarter and nine months ended September 30, 2024. Third Quarter 2024 Highlights Net sales rose 19.4% year-over-year to $164.2 million from $137.5 million in the third quarter of 2023. |
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2024-11-13 08:00:00 |
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| China Automotive Systems to Announce Unaudited 2024 Third Quarter Financial Results on November 13, 2024 |
WUHAN, China , Nov. 4, 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 third quarter ended September 30, 2024, on Wednesday, November 13, 2024, before the market opens. Management will conduct a conference call on November 13 th at 8:00 A.M. |
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2024-11-04 08:00:00 |
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| China Automotive Systems Announces Annual Meeting on September 24, 2024 |
CAAS announces the conference call and webcast information for the Annual Meeting of Stockholders to be held on Tuesday, September 24, 2024 at 9:00 AM local time, or 9:00 PM EDT on Monday, September 23, 2024 WUHAN, China , Sept. 16, 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 Annual Meeting of Stockholders of China Automotive Systems, Inc. will be held on Tuesday, September 24, 2024 at 9:00 am local time at the Second Floor Meeting Room, D8 Henglong Building, Optics Valley Software Park, No. |
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2024-09-16 10:00:00 |
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| China Automotive Systems Reports Income From Operations Increased by 38.7% in the Second Quarter of 2024 |
WUHAN, China , Aug. 13, 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 second quarter and six months ended June 30, 2024. Second Quarter 2024 Highlights Net sales rose 15.4% year-over-year to $158.6 million from $137.4 million in the second quarter of 2023. |
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2024-08-13 09:45:00 |
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| China Automotive Systems to Announce Unaudited 2024 Second Quarter Financial Results on August 13, 2024 |
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 13 th at 7:00 A.M. |
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2024-08-02 10:00:00 |
Czytaj oryginał (ang.) |
| China Automotive Systems: 74% Discount To Book Value, Great Earnings |
China Automotive Systems had a phenomenal 1Q24 with a 17% EPS increase, leading to a 19% stock increase after announcing a one-time $0.80 dividend per share. CAAS stock is undervalued, trading at 5.4x EBIT and a 74% discount to its book value, with strong revenue and margin growth. CAAS has potential for growth with increasing demand for EVs, unique electric power steering solutions, and favorable market conditions, making it a BUY opportunity worth at least $7.50 per share. |
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2024-07-28 15:13:21 |
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| China Automotive Systems Announces Special Cash Dividend |
- 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. |
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2024-07-19 12:58:00 |
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| 3 Chinese Penny Stocks to Buy for the China Rebound |
Signs of a recovery in the world's second largest economy continue to emerge. The Chinese housing sector continues to rebound. |
investorplace.com |
2024-06-17 10:00:00 |
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| China Automotive Systems. Goes Unnoticed For Too Long |
China Automotive System stock is cheap and unnoticed, facing political and economic challenges hindering sales. CAAS stock has shown positive momentum recently due to China's strategies and investments in domestic vehicle makers. The company's financial 2023 performance was positive, with record net sales and diluted net income per share but Q1 '24 was a disappointing report. |
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2024-05-24 09:30:56 |
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| China Automotive Systems Reports 17.4% Increase in Earnings Per Share in the First Quarter of 2024 |
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 Income from operations increased by 26.0% to $9.7 million compared with $7.7 million in the first quarter of 2023 Diluted income per share increased by 17.4% to $0.27, compared to diluted income per share of $0.23 in the first quarter of 2023 Cash, cash equivalents, and short-term investments were $135.8 million as of March 31, 2024 Net cash provided by operating activities was $10.5 million in the first quarter of 2024 compared to net cash used of $1.4 million in the first quarter of 2023. |
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2024-05-14 10:00:00 |
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| China Automotive Systems to Announce Unaudited 2024 First Quarter Financial Results on May 14, 2024 |
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 14 th at 8:00 A.M. |
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2024-05-07 10:00:00 |
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| China Automotive Systems Reports Record Annual Revenue, and a 81.2% Increase in Diluted Net Income Per Share to $1.25 in Fiscal Year 2023 |
- Electric Power Steering ("EPS") Sales Increased by 24.6% in 2023 - WUHAN, China , March 28, 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 fourth quarter and the audited results for the fiscal year ended December 31, 2023. Fourth Quarter 2023 Highlights Net sales increased by 23.6% year-over-year to $159.2 million Gross profit increased by 38.8% to $34.7 million from $25.0 million. |
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2024-03-28 08:00:00 |
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| China Automotive Systems to Announce Unaudited 2023 Fourth Quarter and Audited 2023 Year Financial Results on March 28, 2024 |
WUHAN, China , March 15, 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 fourth quarter ended December 31, 2023, on Thursday, March 28, 2024, before the market opens. Management will conduct a conference call on March 28 th at 8:00 A.M. |
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2024-03-15 08:00:00 |
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| China Automotive Systems, Inc. (CAAS) Q3 2023 Earnings Call Transcript |
China Automotive Systems, Inc. (NASDAQ:CAAS ) Q3 2023 Earnings Conference Call November 10, 2023 8:00 AM ET Company Participants Kevin Theiss - IR Jie Li - CFO Conference Call Participants Operator Good morning, everyone, and welcome to the China Automotive Systems' Third Quarter 2023 Conference Call. At this time, all participants are in a listen-only mode and the floor will be open for questions after the presentation. |
seekingalpha.com |
2023-11-10 13:08:12 |
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| China Automotive Systems Reports a 29.2% Increase in Diluted Earnings Per Share Growth in the Third Quarter of 2023 |
WUHAN, China , Nov. 10, 2023 /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 third quarter and nine months ended September 30, 2023. Third Quarter 2023 Highlights Net sales increased slightly to $137.5 million, compared to $137.2 million in the third quarter of 2022. |
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2023-11-10 08:00:00 |
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| China Automotive Systems to Announce Unaudited 2023 Third Quarter Financial Results on November 10, 2023 |
WUHAN, China , Nov. 3, 2023 /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 third quarter ended September 30, 2023 on Friday, November 10, 2023, before the market opens. Management will conduct a conference call on November 10 th at 8:00 A.M. |
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2023-11-03 08:00:00 |
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| China Automotive Systems Announces Annual Meeting on August 30, 2023 |
CAAS announces the conference call and webcast information for the Annual Meeting of Stockholders to be held on Wednesday, August 30, 2023 at 9:00 AM local time, or 9:00 PM EDT on August 29, 2023 WUHAN, China , Aug. 22, 2023 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced the Annual Meeting of Stockholders of China Automotive Systems, Inc. will be held on Wednesday, August 30, 2023 at 9:00 AM local time at the Second Floor Meeting Room, D8 Henglong Building, Optics Valley Software Park, No. 1 Guanshan First Avenue, Wuhan City, Hubei Province, the People's Republic of China. |
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2023-08-22 10:00:00 |
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| China Automotive Systems, Inc. (CAAS) Q2 2023 Earnings Call Transcript |
China Automotive Systems, Inc. (NASDAQ:CAAS ) Q2 2023 Earnings Call Transcript August 11, 2023 8:00 AM ET Company Participants Kevin Theiss - IR Jie Li - CFO Operator Greetings, and welcome to the China Automotive Systems Second Quarter 2023 Conference Call. At this time, all participants are in a listen-only mode. |
seekingalpha.com |
2023-08-11 15:36:03 |
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