What is China Automotive Systems' operating income?

China Automotive Systems' total operating income in 2024 was $40.26 million, based on the following breakdown: Total Gross Profit: $109.18 million Total Operating Expenses: $68.93 million

China Automotive Systems (CAAS) Financials

$4.41 -0.04 (-0.90%)

Closing price 07/9/2026 04:00 PM Eastern

Extended Trading

$4.42 +0.01 (+0.32%)

As of 04:00 AM Eastern

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Annual Income Statements for China Automotive Systems

This table shows China Automotive Systems' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	34	27	23	-19	2.38	9.96	-4.98	11	21	38	30
Consolidated Net Income / (Loss)	40	28	23	-19	0.08	8.39	-10	11	22	43	38
Net Income / (Loss) Continuing Operations	40	28	23	-19	0.08	8.39	-10	11	22	43	38
Total Pre-Tax Income	46	32	25	20	-2.50	7.57	-12	8.40	23	48	44
Total Operating Income	44	30	23	19	-2.91	6.19	-8.15	5.52	7.95	39	40
Total Gross Profit	87	80	81	85	65	63	55	72	83	104	109
Total Revenue	467	444	462	499	496	431	418	498	530	576	651
Operating Revenue	467	444	462	499	496	431	418	498	530	576	651
Total Cost of Revenue	379	364	381	414	431	368	362	426	446	473	542
Operating Cost of Revenue	379	364	381	414	431	368	362	426	446	473	542
Total Operating Expenses	43	50	58	65	68	57	63	67	75	65	69
Selling, General & Admin Expense	32	32	34	39	39	34	42	43	43	41	46
Research & Development Expense	23	22	28	34	34	28	26	28	36	29	28
Other Operating Expenses / (Income)	-12	-4.42	-3.80	-7.64	-3.94	-5.07	-4.32	-4.37	-3.70	-5.79	-4.30
Total Other Income / (Expense), net	1.65	2.40	1.89	1.11	0.41	1.38	-4.05	2.88	15	8.99	3.88
Interest Expense	1.79	1.34	0.66	1.75	2.93	3.03	1.59	1.44	1.45	1.02	1.81
Other Income / (Expense), net	3.44	3.73	2.54	2.86	3.34	4.41	-2.46	4.32	17	10	5.69
Income Tax Expense	6.79	4.49	2.48	42	-1.47	0.59	2.16	4.00	3.08	5.14	5.89
Other Gains / (Losses), net	0.30	0.34	0.56	2.62	1.12	1.41	4.09	6.33	2.39	-0.36	-0.34
Net Income / (Loss) Attributable to Noncontrolling Interest	6.05	0.51	0.47	0.71	-2.30	-1.58	-5.29	-0.32	1.16	5.08	7.92
Basic Earnings per Share	$1.15	$0.85	$0.70	($0.61)	$0.08	$0.32	($0.16)	$0.36	$0.69	$1.25	$0.99
Weighted Average Basic Shares Outstanding	29.06M	32.12M	31.95M	31.64M	31.64M	31.46M	31.08M	30.85M	30.64M	30.19M	30.18M
Diluted Earnings per Share	$1.15	$0.85	$0.70	($0.61)	$0.08	$0.32	($0.16)	$0.36	$0.69	$1.25	$0.99
Weighted Average Diluted Shares Outstanding	29.08M	32.13M	31.96M	31.65M	31.65M	31.46M	31.08M	30.86M	30.64M	30.19M	30.18M
Weighted Average Basic & Diluted Shares Outstanding	32.12M	32.12M	31.64M	31.64M	31.50M	-	30.85M	30.85M	30.19M	30.19M	30.17M

This table shows China Automotive Systems' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Net Income / (Loss) Attributable to Common Shareholders	9.49	11	8.27	7.14	5.50	9.07	7.12	7.63
Consolidated Net Income / (Loss)	11	12	9.26	8.76	8.07	12	8.46	10
Net Income / (Loss) Continuing Operations	11	12	9.26	8.76	8.07	12	8.46	10
Total Pre-Tax Income	11	15	12	12	12	8.77	12	15
Total Operating Income	10	14	9.65	11	11	8.70	8.64	13
Total Gross Profit	25	35	24	29	26	29	29	31
Total Revenue	138	159	139	159	164	189	167	176
Operating Revenue	138	159	139	159	164	189	167	176
Total Cost of Revenue	113	125	115	129	138	159	139	146
Operating Cost of Revenue	113	125	115	129	138	159	139	146
Total Operating Expenses	15	21	14	18	15	21	20	18
Selling, General & Admin Expense	9.91	14	9.62	12	9.43	15	12	9.93
Research & Development Expense	6.87	9.32	5.31	8.18	6.38	7.77	8.71	8.09
Other Operating Expenses / (Income)	-2.18	-2.22	-0.51	-1.72	-0.55	-1.52	-1.15	-0.46
Total Other Income / (Expense), net	1.07	1.44	2.13	0.86	0.81	0.07	3.44	2.10
Interest Expense	0.25	0.25	0.26	0.18	0.27	1.10	0.48	0.29
Other Income / (Expense), net	1.32	1.69	2.39	1.05	1.08	1.17	3.92	2.39
Income Tax Expense	0.69	2.13	1.74	2.11	4.04	-2.00	2.94	4.05
Other Gains / (Losses), net	0.71	-0.72	-0.78	-0.81	0.20	1.04	-0.68	-0.66
Net Income / (Loss) Attributable to Noncontrolling Interest	1.76	1.26	1.00	1.62	2.57	2.74	1.33	2.75
Basic Earnings per Share	$0.31	$0.36	$0.27	$0.24	$0.18	$0.30	$0.24	$0.25
Weighted Average Basic Shares Outstanding	30.19M	30.19M	30.19M	30.19M	30.19M	30.18M	30.17M	30.17M
Diluted Earnings per Share	$0.31	$0.36	$0.27	$0.24	$0.18	$0.30	$0.24	$0.25
Weighted Average Diluted Shares Outstanding	30.19M	30.19M	30.19M	30.19M	30.19M	30.18M	30.17M	30.17M
Weighted Average Basic & Diluted Shares Outstanding	30.19M	30.19M	30.19M	30.19M	30.19M	30.17M	30.17M	30.17M

This table details how cash moves in and out of China Automotive Systems' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	15	1.17	-39	34	20	-9.57	22	31	-0.55	-3.76	-53
Net Cash From Operating Activities	46	39	12	49	13	30	57	28	48	20	9.78
Net Cash From Continuing Operating Activities	46	39	12	49	13	30	57	28	48	20	9.78
Net Income / (Loss) Continuing Operations	40	28	23	-19	0.08	8.39	-10	11	22	43	38
Consolidated Net Income / (Loss)	40	28	23	-19	0.08	8.39	-10	11	22	43	38
Depreciation Expense	16	15	14	15	17	18	22	27	25	19	20
Non-Cash Adjustments To Reconcile Net Income	12	-0.01	37	3.83	-23	-25	30	-4.60	32	25	42
Changes in Operating Assets and Liabilities, net	-21	-3.89	-62	48	19	29	15	-4.97	-32	-66	-90
Net Cash From Investing Activities	-22	-32	-52	-47	2.45	-27	-24	2.96	-33	-29	-78
Net Cash From Continuing Investing Activities	-22	-32	-52	-47	2.45	-27	-24	3.13	-33	-29	-78
Purchase of Property, Plant & Equipment	-18	-42	-40	-27	-26	-34	-16	-9.26	-20	-18	-44
Acquisitions	-4.35	-2.61	-11	-7.83	-0.19	-4.07	-0.74	-14	-0.19	-3.45	-0.80
Purchase of Investments	-47	-12	-28	-61	-23	-20	-60	-63	-80	-69	-78
Sale of Property, Plant & Equipment	7.05	0.73	1.28	2.23	1.02	1.56	1.50	0.15	1.51	2.79	21
Sale and/or Maturity of Investments	41	25	21	46	55	32	57	90	79	67	30
Other Investing Activities, net	-0.04	-1.42	2.39	0.20	-4.30	-2.62	-5.20	-0.31	-13	-7.73	-5.88
Net Cash From Financing Activities	-9.12	-1.78	4.43	28	10	-11	-20	-3.12	-1.58	6.80	17
Net Cash From Continuing Financing Activities	-9.12	-1.78	4.43	28	10	-11	-20	-3.12	-1.58	6.80	17
Repayment of Debt	-16	-12	-6.97	-43	-95	-66	-53	-51	-50	-61	-59
Repurchase of Common Equity	-	0.00	-1.91	0.00	-0.30	-1.31	-2.99	0.00	-2.43	0.00	-0.07
Payment of Dividends	-14	-1.37	-1.01	-0.62	-0.52	-0.33	-0.17	-1.08	-	0.00	-22
Issuance of Debt	20	11	14	72	79	57	40	53	52	65	83
Other Financing Activities, net	0.07	-	-	-	12	-4.16	-4.16	-4.45	-1.13	3.46	16
Other Net Changes in Cash	-	-	-	-	-	-	-	-	-14	-1.82	-2.58
Cash Interest Paid	1.21	1.56	0.72	0.65	3.85	3.39	2.75	1.84	1.49	1.15	1.79
Cash Income Taxes Paid	5.88	8.07	1.84	4.64	3.72	4.61	3.23	3.40	4.04	7.97	19

This table details how cash moves in and out of China Automotive Systems' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Net Change in Cash & Equivalents	9.58	20	1.39	-8.20	-9.56	-37	9.44	28
Net Cash From Operating Activities	11	9.17	10	-1.32	7.41	-6.77	18	31
Net Cash From Continuing Operating Activities	11	9.17	10	-1.32	7.41	-6.77	18	31
Net Income / (Loss) Continuing Operations	11	12	9.26	8.76	8.07	12	8.46	10
Consolidated Net Income / (Loss)	11	12	9.26	8.76	8.07	12	8.46	10
Depreciation Expense	4.14	5.04	5.11	4.75	4.71	5.65	4.64	3.62
Non-Cash Adjustments To Reconcile Net Income	3.49	32	-8.82	13	10	27	-8.58	-13
Changes in Operating Assets and Liabilities, net	-8.08	-40	4.90	-28	-16	-52	14	30
Net Cash From Investing Activities	-1.53	-3.06	-16	-12	-23	-27	-3.22	-7.08
Net Cash From Continuing Investing Activities	-1.53	-3.06	-16	-12	-23	-27	-3.22	-7.08
Purchase of Property, Plant & Equipment	-6.75	-6.05	-4.49	-5.52	-8.25	-25	-10	-8.18
Acquisitions	-0.08	-1.01	-0.02	-0.31	-0.05	-0.42	0.00	-1.18
Purchase of Investments	-15	-13	-15	-26	-18	-19	-8.73	-14
Sale of Property, Plant & Equipment	0.08	2.13	0.11	0.50	0.75	19	0.39	0.13
Sale and/or Maturity of Investments	20	15	2.45	19	5.21	2.99	15	17
Net Cash From Financing Activities	0.24	12	7.99	6.19	2.08	1.11	-6.01	3.17
Net Cash From Continuing Financing Activities	0.24	12	7.99	6.19	2.08	1.11	-6.01	3.17
Repayment of Debt	-8.31	-13	-42	-6.52	-6.01	-4.60	-41	-12
Issuance of Debt	8.55	22	34	13	17	19	35	17
Effect of Exchange Rate Changes	-	-	-	-	-	-	0.58	0.61

This table presents China Automotive Systems' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	629	608	632	717	690	660	708	717	714	766	851
Total Current Assets	523	476	478	533	495	441	476	501	521	564	603
Cash & Equivalents	69	70	31	65	86	77	97	132	121	115	57
Restricted Cash	34	31	31	32	30	30	31	28	38	41	45
Note & Lease Receivable	282	254	286	275	238	212	217	196	224	269	343
Inventories, net	64	66	68	79	88	83	88	116	112	112	113
Other Current Assets	0.74	0.54	0.62	21	1.28	1.29	0.52	0.60	-	0.00	45
Plant, Property, & Equipment, net	82	84	101	126	122	140	141	128	107	101	104
Total Noncurrent Assets	24	47	52	59	73	78	91	88	87	101	144
Long-Term Investments	4.58	6.15	16	28	33	40	50	37	60	60	64
Other Noncurrent Operating Assets	8.92	29	20	15	22	22	25	38	18	27	80
Total Liabilities & Shareholders' Equity	629	608	632	717	690	660	708	717	714	766	851
Total Liabilities	331	300	326	411	386	351	388	379	387	398	461
Total Current Liabilities	325	298	325	373	341	304	354	352	364	384	456
Short-Term Debt	44	41	41	73	61	47	44	48	46	48	73
Accrued Expenses	35	31	36	40	47	45	56	50	48	45	59
Other Current Liabilities	218	204	224	241	210	187	226	228	235	254	325
Total Noncurrent Liabilities	6.48	2.19	1.14	38	44	47	33	28	23	14	4.31
Other Noncurrent Operating Liabilities	6.16	1.92	0.34	0.36	1.95	11	3.87	2.03	2.40	0.33	4.31
Commitments & Contingencies	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	298	307	306	306	305	310	319	337	327	368	390
Total Preferred & Common Equity	289	299	300	299	286	289	303	321	312	344	350
Total Common Equity	289	299	300	299	286	289	303	321	312	344	350
Common Stock	65	65	65	64	64	64	64	64	64	64	70
Retained Earnings	179	207	229	209	211	221	215	226	247	285	290
Treasury Stock	-1.00	-1.00	-2.91	-2.91	-2.95	-4.26	-5.26	-5.26	-7.70	-7.70	-7.76
Accumulated Other Comprehensive Income / (Loss)	36	18	-0.89	18	1.86	-3.46	17	25	-3.41	-8.26	-15
Other Equity Adjustments	10	10	11	11	11	11	11	11	12	12	12
Noncontrolling Interest	8.91	8.25	5.41	6.68	19	20	16	16	15	23	40

This table presents China Automotive Systems' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025
Period end date	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025
Total Assets	708	771	785	829	845	844
Total Current Assets	509	570	570	590	597	600
Cash & Equivalents	108	113	107	98	65	102
Restricted Cash	27	44	41	41	46	37
Note & Lease Receivable	242	267	288	314	324	294
Inventories, net	103	109	107	109	122	117
Other Current Assets	29	38	26	28	40	50
Plant, Property, & Equipment, net	101	99	100	101	108	115
Total Noncurrent Assets	99	101	115	138	140	129
Long-Term Investments	61	59	57	60	63	62
Other Noncurrent Operating Assets	38	42	57	78	77	67
Total Liabilities & Shareholders' Equity	708	771	785	829	845	844
Total Liabilities	359	378	386	440	446	433
Total Current Liabilities	343	364	380	434	442	429
Short-Term Debt	39	40	47	60	67	72
Accrued Expenses	48	45	46	65	60	60
Other Current Liabilities	257	278	287	309	315	297
Total Noncurrent Liabilities	16	14	6.20	6.27	4.15	3.81
Other Noncurrent Operating Liabilities	7.40	5.36	6.20	6.27	4.15	3.81
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	349	392	398	389	399	411
Total Preferred & Common Equity	329	358	363	350	358	366
Total Common Equity	329	358	363	350	358	366
Common Stock	64	70	70	70	70	70
Retained Earnings	274	293	300	281	296	304
Treasury Stock	-7.70	-7.70	-7.70	-7.70	-7.76	-7.76
Accumulated Other Comprehensive Income / (Loss)	-13	-8.56	-11	-5.37	-14	-13
Other Equity Adjustments	12	12	12	12	14	14
Noncontrolling Interest	20	34	35	39	42	45

This table displays calculated financial ratios and metrics derived from China Automotive Systems' official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
DEI Shares Outstanding	32,121,019.00	32,121,019.00	31,705,196.00	31,644,004.00	31,644,004.00	31,403,162.00	30,851,776.00	30,851,776.00	30,195,826.00	30,185,702.00	30,185,702.00
DEI Adjusted Shares Outstanding	32,121,019.00	32,121,019.00	31,705,196.00	31,644,004.00	31,644,004.00	31,403,162.00	30,851,776.00	30,851,776.00	30,195,826.00	30,185,702.00	30,185,702.00
DEI Earnings Per Adjusted Shares Outstanding	1.04	0.85	0.71	-0.61	0.08	0.32	-0.16	0.36	0.70	1.25	0.99
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	12.43%	-4.98%	4.17%	8.01%	-0.58%	-13.05%	-3.20%	19.24%	6.34%	8.84%	12.94%
EBITDA Growth	16.41%	-23.24%	-18.85%	-5.07%	-54.00%	65.00%	-59.76%	222.73%	34.40%	36.86%	-2.64%
EBIT Growth	20.24%	-30.26%	-23.44%	-13.43%	-98.07%	2,382.20%	-200.08%	192.72%	148.94%	101.16%	-6.72%
NOPAT Growth	20.46%	-32.71%	-18.74%	-197.03%	89.88%	380.35%	-199.96%	150.62%	138.52%	409.14%	-0.53%
Net Income Growth	19.75%	-29.54%	-17.64%	-181.12%	100.42%	10,513.92%	-222.49%	204.43%	108.31%	91.28%	-11.32%
EPS Growth	21.05%	-26.09%	-17.65%	-187.14%	113.11%	300.00%	-150.00%	325.00%	91.67%	81.16%	-20.80%
Operating Cash Flow Growth	254.90%	-14.06%	-69.89%	313.52%	-74.38%	141.94%	89.49%	-50.77%	69.87%	-58.55%	-50.89%
Free Cash Flow Firm Growth	333.15%	-99.42%	1,320.45%	-475.93%	307.54%	-68.91%	445.84%	-125.27%	879.81%	-127.33%	-202.01%
Invested Capital Growth	7.57%	13.04%	8.53%	-5.30%	-7.75%	0.43%	-15.27%	5.37%	-24.00%	34.65%	40.58%
Revenue Q/Q Growth	1.32%	-3.31%	6.81%	-1.15%	-3.77%	-1.89%	7.89%	-1.52%	-1.86%	5.56%	4.76%
EBITDA Q/Q Growth	-0.46%	-4.11%	-8.17%	-15.79%	-27.34%	44.71%	-20.28%	22.64%	-4.45%	28.24%	-6.72%
EBIT Q/Q Growth	-1.24%	-5.44%	-10.33%	-27.18%	-92.53%	213.30%	-66.45%	127.63%	-9.79%	56.06%	-10.48%
NOPAT Q/Q Growth	2.02%	-8.52%	-3.93%	-180.84%	93.30%	106.47%	-34.98%	598.11%	-20.58%	57.42%	-3.47%
Net Income Q/Q Growth	1.98%	-7.23%	-5.89%	-171.40%	100.24%	278.38%	-6,526.45%	417.06%	-2.54%	22.64%	-0.88%
EPS Q/Q Growth	1.77%	-7.61%	-5.41%	-177.22%	107.62%	88.24%	0.00%	350.00%	-4.17%	21.36%	-5.71%
Operating Cash Flow Q/Q Growth	125.04%	-36.33%	-58.22%	20.62%	-22.24%	298.34%	-27.27%	2,489.77%	-27.03%	-26.51%	-61.97%
Free Cash Flow Firm Q/Q Growth	-48.92%	101.53%	145.42%	48.85%	-93.74%	101.48%	-30.08%	62.69%	17.42%	-270.01%	-94.37%
Invested Capital Q/Q Growth	10.98%	3.59%	0.17%	-18.62%	0.00%	-12.01%	-9.56%	-12.39%	-20.18%	-0.34%	7.54%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	18.74%	17.93%	17.51%	16.96%	13.18%	14.68%	13.25%	14.47%	15.75%	18.00%	16.77%
EBITDA Margin	13.58%	10.97%	8.55%	7.51%	3.48%	6.59%	2.74%	7.42%	9.38%	11.79%	10.17%
Operating Margin	9.52%	6.69%	4.98%	3.86%	-0.59%	1.43%	-1.95%	1.11%	1.50%	6.81%	6.18%
EBIT Margin	10.26%	7.53%	5.53%	4.43%	0.09%	2.46%	-2.54%	1.98%	4.62%	8.55%	7.06%
Profit (Net Income) Margin	8.48%	6.29%	4.97%	-3.73%	0.02%	1.94%	-2.46%	2.15%	4.22%	7.42%	5.82%
Tax Burden Percent	85.92%	87.05%	92.26%	-91.48%	-3.16%	110.84%	84.19%	127.71%	96.99%	88.60%	85.88%
Interest Burden Percent	96.26%	96.00%	97.43%	92.08%	-585.71%	71.37%	115.01%	85.39%	94.08%	97.93%	96.05%
Effective Tax Rate	14.72%	14.01%	9.97%	204.33%	0.00%	7.75%	0.00%	47.67%	13.38%	10.65%	13.35%
Return on Invested Capital (ROIC)	20.20%	12.31%	9.04%	-8.66%	-0.94%	2.73%	-2.95%	1.59%	4.19%	21.05%	15.17%
ROIC Less NNEP Spread (ROIC-NNEP)	18.45%	9.80%	6.13%	-10.64%	-3.33%	0.01%	0.81%	-3.76%	-5.01%	16.82%	13.14%
Return on Net Nonoperating Assets (RNNOA)	-6.30%	-3.10%	-1.55%	2.57%	0.96%	0.00%	-0.31%	1.68%	2.53%	-8.76%	-5.17%
Return on Equity (ROE)	13.89%	9.22%	7.49%	-6.09%	0.03%	2.73%	-3.26%	3.26%	6.72%	12.28%	10.00%
Cash Return on Invested Capital (CROIC)	12.91%	0.07%	0.87%	-3.21%	7.12%	2.30%	13.58%	-3.64%	31.46%	-8.49%	-18.57%
Operating Return on Assets (OROA)	8.01%	5.40%	4.12%	3.28%	0.06%	1.57%	-1.55%	1.38%	3.42%	6.65%	5.68%
Return on Assets (ROA)	6.63%	4.51%	3.71%	-2.76%	0.01%	1.24%	-1.50%	1.51%	3.12%	5.77%	4.69%
Return on Common Equity (ROCE)	12.58%	8.95%	7.33%	-5.97%	0.02%	2.56%	-3.07%	3.10%	6.40%	11.58%	9.15%
Return on Equity Simple (ROE_SIMPLE)	13.69%	9.33%	7.65%	-6.22%	0.03%	2.90%	-3.39%	3.34%	7.17%	12.41%	10.84%
Net Operating Profit after Tax (NOPAT)	38	25	21	-20	-2.04	5.71	-5.70	2.89	6.89	35	35
NOPAT Margin	8.12%	5.75%	4.48%	-4.03%	-0.41%	1.32%	-1.37%	0.58%	1.30%	6.08%	5.36%
Net Nonoperating Expense Percent (NNEP)	1.75%	2.51%	2.91%	1.99%	2.39%	2.72%	-3.76%	5.35%	9.20%	4.23%	2.02%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	8.41%	7.54%
Cost of Revenue to Revenue	81.26%	82.07%	82.49%	83.04%	86.82%	85.32%	86.75%	85.53%	84.25%	82.00%	83.23%
SG&A Expenses to Revenue	6.83%	7.21%	7.36%	7.91%	7.80%	7.94%	10.08%	8.57%	8.13%	7.13%	7.00%
R&D to Revenue	4.92%	5.04%	6.00%	6.72%	6.76%	6.49%	6.16%	5.67%	6.82%	5.06%	4.25%
Operating Expenses to Revenue	9.22%	11.25%	12.53%	13.10%	13.77%	13.25%	15.20%	13.37%	14.25%	11.19%	10.59%
Earnings before Interest and Taxes (EBIT)	48	33	26	22	0.43	11	-11	9.84	24	49	46
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	63	49	39	37	17	28	11	37	50	68	66
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.66	0.41	0.47	0.42	0.23	0.29	0.53	0.22	0.47	0.24	0.35
Price to Tangible Book Value (P/TBV)	0.67	0.42	0.47	0.42	0.23	0.29	0.53	0.22	0.47	0.24	0.36
Price to Revenue (P/Rev)	0.41	0.28	0.31	0.25	0.13	0.19	0.38	0.14	0.28	0.14	0.19
Price to Earnings (P/E)	5.67	4.49	6.30	0.00	27.12	8.29	0.00	6.25	6.90	2.16	4.13
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	19.51%
Earnings Yield	17.64%	22.29%	15.86%	0.00%	3.69%	12.06%	0.00%	16.00%	14.48%	46.25%	24.22%
Enterprise Value to Invested Capital (EV/IC)	0.49	0.20	0.34	0.24	0.00	0.01	0.20	0.00	0.00	0.00	0.16
Enterprise Value to Revenue (EV/Rev)	0.20	0.10	0.17	0.11	0.00	0.01	0.08	0.00	0.00	0.00	0.07
Enterprise Value to EBITDA (EV/EBITDA)	1.50	0.90	2.02	1.42	0.00	0.09	3.04	0.00	0.00	0.00	0.65
Enterprise Value to EBIT (EV/EBIT)	1.99	1.31	3.13	2.41	0.00	0.24	0.00	0.00	0.00	0.00	0.94
Enterprise Value to NOPAT (EV/NOPAT)	2.52	1.71	3.86	0.00	0.00	0.45	0.00	0.00	0.00	0.00	1.23
Enterprise Value to Operating Cash Flow (EV/OCF)	2.09	1.11	6.76	1.09	0.00	0.08	0.61	0.00	0.00	0.00	4.40
Enterprise Value to Free Cash Flow (EV/FCFF)	3.94	312.35	40.33	0.00	0.00	0.53	1.33	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.15	0.13	0.14	0.24	0.23	0.17	0.14	0.14	0.14	0.13	0.19
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.03	0.02	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.34	-0.32	-0.25	-0.24	-0.29	-0.32	-0.39	-0.45	-0.51	-0.52	-0.39
Leverage Ratio	2.10	2.04	2.02	2.20	2.30	2.20	2.17	2.17	2.15	2.13	2.13
Compound Leverage Factor	2.02	1.96	1.97	2.03	-13.50	1.57	2.50	1.85	2.03	2.08	2.05
Debt to Total Capital	12.86%	11.75%	11.93%	19.26%	18.61%	14.28%	12.42%	12.37%	12.37%	11.79%	15.72%
Short-Term Debt to Total Capital	12.86%	11.75%	11.75%	19.18%	16.28%	12.91%	12.11%	12.36%	12.22%	11.49%	15.69%
Long-Term Debt to Total Capital	0.00%	0.00%	0.18%	0.08%	2.33%	1.37%	0.31%	0.01%	0.14%	0.29%	0.03%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	2.60%	2.37%	1.56%	1.76%	5.06%	5.61%	4.57%	4.26%	4.22%	5.74%	8.70%
Common Equity to Total Capital	84.54%	85.88%	86.51%	78.98%	76.33%	80.11%	83.01%	83.37%	83.42%	82.48%	75.58%
Debt to EBITDA	0.69	0.84	1.05	1.95	4.04	1.81	3.96	1.29	0.93	0.72	1.10
Net Debt to EBITDA	-1.64	-1.80	-1.71	-2.14	-5.59	-3.53	-12.46	-4.08	-3.73	-2.61	-1.83
Long-Term Debt to EBITDA	0.00	0.00	0.02	0.01	0.51	0.17	0.10	0.00	0.01	0.02	0.00
Debt to NOPAT	1.16	1.61	2.00	-3.63	-34.23	9.04	-7.95	16.49	6.71	1.40	2.08
Net Debt to NOPAT	-2.74	-3.43	-3.25	3.99	47.38	-17.57	25.00	-52.16	-26.92	-5.05	-3.47
Long-Term Debt to NOPAT	0.00	0.00	0.03	-0.02	-4.29	0.87	-0.20	0.01	0.08	0.03	0.00
Altman Z-Score	2.11	1.98	1.92	1.66	1.52	1.57	1.42	1.54	1.83	1.89	1.79
Noncontrolling Interest Sharing Ratio	9.47%	2.83%	2.23%	1.98%	4.20%	6.38%	5.87%	5.04%	4.84%	5.71%	8.46%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.61	1.60	1.47	1.43	1.45	1.45	1.34	1.43	1.43	1.47	1.32
Quick Ratio	1.28	1.23	1.13	1.04	1.06	1.04	0.96	0.98	0.98	1.03	0.94
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	24	0.14	1.98	-7.45	15	4.81	26	-6.63	52	-14	-43
Operating Cash Flow to CapEx	415.81%	95.85%	30.87%	196.66%	50.63%	92.26%	400.74%	310.33%	255.69%	128.88%	42.24%
Free Cash Flow to Firm to Interest Expense	13.54	0.10	3.02	-4.25	5.28	1.59	16.49	-4.62	35.68	-13.85	-23.55
Operating Cash Flow to Interest Expense	25.56	29.37	18.03	27.89	4.28	9.99	36.07	19.67	33.12	19.50	5.39
Operating Cash Flow Less CapEx to Interest Expense	19.41	-1.27	-40.36	13.71	-4.17	-0.84	27.07	13.33	20.17	4.37	-7.37
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.78	0.72	0.75	0.74	0.70	0.64	0.61	0.70	0.74	0.78	0.81
Accounts Receivable Turnover	23.37	19.85	21.54	24.91	26.17	21.58	21.54	30.90	0.00	0.00	0.00
Inventory Turnover	6.55	5.60	5.70	5.63	5.15	4.31	4.23	4.16	3.90	4.21	4.82
Fixed Asset Turnover	5.75	5.32	4.98	4.39	4.00	3.28	2.97	3.71	4.52	5.54	6.35
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	15.62	18.38	16.95	14.65	13.94	16.92	16.95	11.81	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	55.72	65.18	63.98	64.85	70.86	84.76	86.27	87.76	93.56	86.74	75.78
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	71.34	83.56	80.93	79.50	84.80	101.68	103.22	99.57	93.56	86.74	75.78
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	194	220	239	226	208	209	177	187	142	191	269
Invested Capital Turnover	2.49	2.14	2.02	2.15	2.29	2.07	2.16	2.74	3.22	3.46	2.83
Increase / (Decrease) in Invested Capital	14	25	19	-13	-18	0.90	-32	9.52	-45	49	78
Enterprise Value (EV)	95	44	80	53	-13	2.56	35	-65	-23	-72	43
Market Capitalization	190	123	142	127	64	83	161	69	146	81	124
Book Value per Share	$9.01	$9.31	$9.48	$9.46	$9.03	$9.21	$9.83	$10.41	$10.32	$11.41	$11.58
Tangible Book Value per Share	$8.88	$9.20	$9.46	$9.44	$9.02	$9.17	$9.77	$10.35	$10.28	$11.28	$11.47
Total Capital	342	348	347	379	375	361	365	385	374	418	463
Total Debt	44	41	41	73	70	52	45	48	46	49	73
Total Long-Term Debt	0.00	0.00	0.61	0.31	8.73	4.95	1.13	0.02	0.53	1.22	0.15
Net Debt	-104	-88	-67	-80	-96	-100	-143	-151	-185	-177	-121
Capital Expenditures (CapEx)	11	41	38	25	25	33	14	9.11	19	15	23
Debt-free, Cash-free Net Working Capital (DFCFNWC)	99	96	102	106	82	72	27	36	30	62	89
Debt-free Net Working Capital (DFNWC)	242	219	194	232	215	184	165	197	202	228	219
Net Working Capital (NWC)	198	178	153	159	154	138	121	150	157	180	146
Net Nonoperating Expense (NNE)	-1.70	-2.40	-2.26	-1.47	-2.11	-2.68	4.57	-7.84	-15	-7.67	-3.02
Net Nonoperating Obligations (NNO)	-104	-88	-67	-80	-96	-100	-143	-151	-185	-177	-121
Total Depreciation and Amortization (D&A)	16	15	14	15	17	18	22	27	25	19	20
Debt-free, Cash-free Net Working Capital to Revenue	21.20%	21.75%	22.02%	21.27%	16.44%	16.67%	6.52%	7.21%	5.74%	10.77%	13.72%
Debt-free Net Working Capital to Revenue	51.87%	49.33%	42.01%	46.46%	43.35%	42.69%	39.61%	39.59%	38.18%	39.62%	33.60%
Net Working Capital to Revenue	42.44%	40.10%	33.18%	31.89%	31.06%	31.88%	29.01%	30.03%	29.56%	31.29%	22.45%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.15	$0.85	$0.70	($0.61)	$0.08	$0.32	($0.16)	$0.36	$0.69	$1.25	$0.99
Adjusted Weighted Average Basic Shares Outstanding	29.06M	32.12M	31.95M	31.64M	31.64M	31.46M	31.08M	30.85M	30.64M	30.19M	30.18M
Adjusted Diluted Earnings per Share	$1.15	$0.85	$0.70	($0.61)	$0.08	$0.32	($0.16)	$0.36	$0.69	$1.25	$0.99
Adjusted Weighted Average Diluted Shares Outstanding	29.08M	32.13M	31.96M	31.65M	31.65M	31.46M	31.08M	30.86M	30.64M	30.19M	30.18M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	32.12M	32.12M	31.64M	31.64M	31.50M	0.00	30.85M	30.85M	30.19M	30.19M	30.17M
Normalized Net Operating Profit after Tax (NOPAT)	38	25	21	13	-2.04	5.71	-5.70	2.89	6.89	35	35
Normalized NOPAT Margin	8.12%	5.75%	4.48%	2.70%	-0.41%	1.32%	-1.37%	0.58%	1.30%	6.08%	5.36%
Pre Tax Income Margin	9.87%	7.23%	5.39%	4.08%	-0.50%	1.75%	-2.92%	1.69%	4.35%	8.37%	6.78%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	26.77	24.97	38.96	12.62	0.15	3.49	-6.66	6.84	16.89	48.24	25.34
NOPAT to Interest Expense	21.19	19.07	31.59	-11.47	-0.70	1.88	-3.58	2.01	4.75	34.34	19.24
EBIT Less CapEx to Interest Expense	20.63	-5.68	-19.42	-1.56	-8.30	-7.33	-15.66	0.51	3.93	33.12	12.57
NOPAT Less CapEx to Interest Expense	15.04	-11.58	-26.80	-25.65	-9.15	-8.95	-12.58	-4.33	-8.20	19.22	6.47
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	34.37%	4.92%	4.39%	-3.34%	663.29%	3.97%	-1.65%	10.02%	0.00%	0.00%	59.19%
Augmented Payout Ratio	34.37%	4.92%	12.69%	-3.34%	1,043.04%	19.57%	-30.76%	10.02%	10.89%	0.00%	59.37%

This table displays calculated financial ratios and metrics derived from China Automotive Systems' official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
DEI Shares Outstanding	30,185,702.00	30,185,702.00	30,185,702.00	30,185,702.00	30,185,702.00	30,185,702.00	30,170,702.00	30,170,702.00
DEI Adjusted Shares Outstanding	30,185,702.00	30,185,702.00	30,185,702.00	30,185,702.00	30,185,702.00	30,185,702.00	30,170,702.00	30,170,702.00
DEI Earnings Per Adjusted Shares Outstanding	0.31	0.36	0.27	0.24	0.18	0.30	0.24	0.25
Growth Metrics	-	-	-	-	-	-	-	-
Revenue Growth	0.24%	23.58%	-2.00%	15.43%	19.39%	18.57%	19.87%	11.12%
EBITDA Growth	-1.09%	281.14%	25.41%	-9.69%	8.20%	-23.51%	0.27%	14.39%
EBIT Growth	10.39%	722.79%	36.47%	-13.59%	6.21%	-35.27%	4.29%	29.70%
NOPAT Growth	114.27%	739.52%	17.56%	27.81%	-23.06%	-8.13%	-20.49%	7.27%
Net Income Growth	40.43%	185.58%	17.52%	-23.66%	-28.20%	-2.77%	-8.73%	18.47%
EPS Growth	29.17%	157.14%	17.39%	-31.43%	-41.94%	-16.67%	-11.11%	4.17%
Operating Cash Flow Growth	-37.23%	-43.93%	838.07%	-196.77%	-31.33%	-173.82%	73.09%	2,447.88%
Free Cash Flow Firm Growth	-111.12%	-187.34%	-167.75%	-1,606.33%	-1,046.51%	-78.04%	-114.94%	27.78%
Invested Capital Growth	7.85%	34.65%	22.17%	29.38%	30.29%	40.58%	33.88%	17.70%
Revenue Q/Q Growth	0.10%	15.72%	-12.42%	13.78%	3.54%	14.92%	-11.46%	5.48%
EBITDA Q/Q Growth	-15.11%	29.98%	-15.44%	-3.21%	1.71%	-8.12%	10.86%	10.41%
EBIT Q/Q Growth	-16.36%	32.91%	-21.02%	-1.59%	2.80%	-19.00%	27.27%	22.39%
NOPAT Q/Q Growth	37.59%	22.03%	-29.29%	7.66%	-17.18%	45.71%	-38.80%	45.25%
Net Income Q/Q Growth	-1.95%	8.00%	-23.71%	-5.49%	-7.79%	46.25%	-28.39%	22.67%
EPS Q/Q Growth	-11.43%	16.13%	-25.00%	-11.11%	-25.00%	66.67%	-20.00%	4.17%
Operating Cash Flow Q/Q Growth	691.20%	-15.07%	14.02%	-112.63%	661.44%	-191.30%	367.37%	71.32%
Free Cash Flow Firm Q/Q Growth	-65.86%	-748.53%	16.87%	-45.84%	-11.44%	-31.77%	-0.36%	51.00%
Invested Capital Q/Q Growth	3.60%	-0.34%	13.73%	10.18%	4.32%	7.54%	8.31%	-3.14%
Profitability Metrics	-	-	-	-	-	-	-	-
Gross Margin	18.00%	21.78%	17.27%	18.47%	16.05%	15.61%	17.11%	17.33%
EBITDA Margin	11.35%	12.75%	12.31%	10.47%	10.28%	8.22%	10.30%	10.78%
Operating Margin	7.38%	8.52%	6.92%	6.81%	6.76%	4.61%	5.17%	7.37%
EBIT Margin	8.34%	9.58%	8.64%	7.47%	7.42%	5.23%	7.52%	8.72%
Profit (Net Income) Margin	8.18%	7.63%	6.65%	5.52%	4.92%	6.26%	5.06%	5.89%
Tax Burden Percent	100.16%	80.98%	78.62%	75.03%	67.77%	134.68%	70.01%	68.78%
Interest Burden Percent	97.86%	98.35%	97.86%	98.46%	97.78%	88.84%	96.15%	98.10%
Effective Tax Rate	6.13%	14.22%	14.79%	18.07%	33.93%	-22.82%	24.32%	26.85%
Return on Invested Capital (ROIC)	20.47%	25.28%	17.11%	15.63%	12.56%	16.02%	10.44%	14.39%
ROIC Less NNEP Spread (ROIC-NNEP)	19.31%	25.00%	16.49%	15.70%	12.06%	15.27%	9.09%	13.78%
Return on Net Nonoperating Assets (RNNOA)	-8.61%	-13.03%	-7.59%	-6.60%	-4.85%	-6.01%	-3.25%	-4.90%
Return on Equity (ROE)	11.86%	12.25%	9.52%	9.03%	7.71%	10.02%	7.19%	9.48%
Cash Return on Invested Capital (CROIC)	4.50%	-8.49%	-1.59%	-7.62%	-9.95%	-18.57%	-16.00%	-3.37%
Operating Return on Assets (OROA)	6.59%	7.46%	6.62%	6.05%	6.00%	4.21%	6.31%	7.46%
Return on Assets (ROA)	6.45%	5.94%	5.09%	4.47%	3.97%	5.04%	4.25%	5.03%
Return on Common Equity (ROCE)	11.22%	11.55%	8.85%	8.38%	7.09%	9.17%	6.50%	8.54%
Return on Equity Simple (ROE_SIMPLE)	10.60%	0.00%	12.31%	0.00%	10.92%	0.00%	10.37%	0.00%
Net Operating Profit after Tax (NOPAT)	9.53	12	8.22	8.85	7.33	11	6.54	9.50
NOPAT Margin	6.93%	7.31%	5.90%	5.58%	4.47%	5.66%	3.91%	5.39%
Net Nonoperating Expense Percent (NNEP)	1.15%	0.28%	0.62%	-0.06%	0.50%	0.75%	1.35%	0.61%
Return On Investment Capital (ROIC_SIMPLE)	-	2.79%	1.90%	1.99%	-	2.31%	1.40%	1.97%
Cost of Revenue to Revenue	82.00%	78.22%	82.73%	81.53%	83.95%	84.39%	82.89%	82.67%
SG&A Expenses to Revenue	7.21%	8.80%	6.90%	7.59%	5.74%	7.69%	7.41%	5.63%
R&D to Revenue	4.99%	5.85%	3.81%	5.16%	3.89%	4.12%	5.21%	4.59%
Operating Expenses to Revenue	10.62%	13.26%	10.34%	11.66%	9.29%	11.00%	11.94%	9.97%
Earnings before Interest and Taxes (EBIT)	11	15	12	12	12	9.87	13	15
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	16	20	17	17	17	16	17	19
Valuation Ratios	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.30	0.24	0.25	0.25	0.40	0.35	0.37	0.34
Price to Tangible Book Value (P/TBV)	0.30	0.24	0.25	0.25	0.40	0.36	0.37	0.34
Price to Revenue (P/Rev)	0.18	0.14	0.16	0.15	0.22	0.19	0.20	0.18
Price to Earnings (P/E)	3.15	2.16	2.29	2.50	4.37	4.13	4.62	4.20
Dividend Yield	0.00%	0.00%	0.00%	0.00%	17.39%	19.51%	18.10%	19.61%
Earnings Yield	31.73%	46.25%	43.70%	39.98%	22.90%	24.22%	21.62%	23.82%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.15	0.16	0.23	0.14
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	0.06	0.07	0.10	0.06
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.55	0.65	1.01	0.56
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.75	0.94	1.44	0.77
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	1.07	1.23	2.03	1.15
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	1.51	4.40	3.84	0.78
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-
Debt to Equity	0.11	0.13	0.10	0.12	0.15	0.19	0.17	0.18
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.45	-0.52	-0.46	-0.42	-0.40	-0.39	-0.36	-0.36
Leverage Ratio	2.07	2.13	2.04	2.00	2.08	2.13	2.04	2.01
Compound Leverage Factor	2.03	2.09	2.00	1.97	2.04	1.89	1.96	1.97
Debt to Total Capital	9.94%	11.79%	9.34%	10.46%	13.31%	15.72%	14.32%	14.90%
Short-Term Debt to Total Capital	9.94%	11.49%	9.34%	10.46%	13.31%	15.69%	14.32%	14.90%
Long-Term Debt to Total Capital	0.00%	0.29%	0.00%	0.00%	0.00%	0.03%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	5.32%	5.74%	7.94%	8.05%	8.72%	8.70%	8.93%	9.22%
Common Equity to Total Capital	84.74%	82.48%	82.72%	81.49%	77.97%	75.58%	76.75%	75.88%
Debt to EBITDA	0.73	0.72	0.57	0.67	0.84	1.10	1.01	1.05
Net Debt to EBITDA	-2.97	-2.61	-2.46	-2.29	-1.96	-1.83	-1.63	-1.88
Long-Term Debt to EBITDA	0.00	0.02	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	1.73	1.40	1.11	1.22	1.65	2.08	2.02	2.14
Net Debt to NOPAT	-7.07	-5.05	-4.83	-4.16	-3.86	-3.47	-3.28	-3.84
Long-Term Debt to NOPAT	0.00	0.03	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	1.81	1.74	1.79	1.77	1.69	1.65	1.74	1.80
Noncontrolling Interest Sharing Ratio	5.41%	5.71%	7.03%	7.21%	8.09%	8.46%	9.60%	9.93%
Liquidity Ratios	-	-	-	-	-	-	-	-
Current Ratio	1.49	1.47	1.57	1.50	1.36	1.32	1.35	1.40
Quick Ratio	1.02	1.03	1.04	1.04	0.95	0.94	0.88	0.92
Cash Flow Metrics	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-4.43	-38	-31	-46	-51	-67	-67	-33
Operating Cash Flow to CapEx	161.94%	233.53%	238.34%	-26.27%	98.81%	-108.48%	182.56%	384.85%
Free Cash Flow to Firm to Interest Expense	-18.07	-149.70	-121.07	-248.94	-187.34	-60.76	-139.01	-112.67
Operating Cash Flow to Interest Expense	44.05	36.52	40.51	-7.21	27.35	-6.15	37.45	106.14
Operating Cash Flow Less CapEx to Interest Expense	16.85	20.88	23.51	-34.67	-0.33	-11.81	16.94	78.56
Efficiency Ratios	-	-	-	-	-	-	-	-
Asset Turnover	0.79	0.78	0.77	0.81	0.81	0.81	0.84	0.86
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	4.35	4.21	4.36	4.64	4.78	4.82	4.88	5.19
Fixed Asset Turnover	5.31	5.54	5.61	5.96	6.17	6.35	6.54	6.48
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	83.93	86.74	83.80	78.66	76.34	75.78	74.79	70.31
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	83.93	86.74	83.80	78.66	76.34	75.78	74.79	70.31
Capital & Investment Metrics	-	-	-	-	-	-	-	-
Invested Capital	192	191	217	240	250	269	291	282
Invested Capital Turnover	2.95	3.46	2.90	2.80	2.81	2.83	2.67	2.67
Increase / (Decrease) in Invested Capital	14	49	39	54	58	78	74	42
Enterprise Value (EV)	-39	-72	-51	-34	39	43	67	39
Market Capitalization	98	81	89	89	139	124	133	123
Book Value per Share	$10.89	$11.41	$11.87	$12.02	$11.60	$11.58	$11.85	$12.14
Tangible Book Value per Share	$10.89	$11.28	$11.87	$12.02	$11.60	$11.47	$11.85	$12.14
Total Capital	388	418	433	445	449	463	466	483
Total Debt	39	49	40	47	60	73	67	72
Total Long-Term Debt	0.00	1.22	0.00	0.00	0.00	0.15	0.00	0.00
Net Debt	-157	-177	-175	-159	-139	-121	-108	-129
Capital Expenditures (CapEx)	6.66	3.93	4.39	5.02	7.50	6.24	9.91	8.05
Debt-free, Cash-free Net Working Capital (DFCFNWC)	70	62	91	88	78	89	110	104
Debt-free Net Working Capital (DFNWC)	205	228	247	237	216	219	221	243
Net Working Capital (NWC)	166	180	207	190	157	146	155	171
Net Nonoperating Expense (NNE)	-1.71	-0.51	-1.04	0.10	-0.74	-1.12	-1.92	-0.87
Net Nonoperating Obligations (NNO)	-157	-177	-175	-159	-139	-121	-108	-129
Total Depreciation and Amortization (D&A)	4.14	5.04	5.11	4.75	4.71	5.65	4.64	3.62
Debt-free, Cash-free Net Working Capital to Revenue	12.77%	10.77%	15.80%	14.83%	12.48%	13.72%	16.24%	14.92%
Debt-free Net Working Capital to Revenue	37.52%	39.62%	43.11%	39.78%	34.82%	33.60%	32.63%	34.88%
Net Working Capital to Revenue	30.46%	31.29%	36.05%	31.95%	25.20%	22.45%	22.80%	24.55%
Earnings Adjustments	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.31	$0.36	$0.27	$0.24	$0.18	$0.30	$0.24	$0.25
Adjusted Weighted Average Basic Shares Outstanding	30.19M	30.19M	30.19M	30.19M	30.19M	30.18M	30.17M	30.17M
Adjusted Diluted Earnings per Share	$0.31	$0.36	$0.27	$0.24	$0.18	$0.30	$0.24	$0.25
Adjusted Weighted Average Diluted Shares Outstanding	30.19M	30.19M	30.19M	30.19M	30.19M	30.18M	30.17M	30.17M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	30.19M	30.19M	30.19M	30.19M	30.19M	30.17M	30.17M	30.17M
Normalized Net Operating Profit after Tax (NOPAT)	9.53	12	8.22	8.85	7.33	6.09	6.54	9.50
Normalized NOPAT Margin	6.93%	7.31%	5.90%	5.58%	4.47%	3.23%	3.91%	5.39%
Pre Tax Income Margin	8.16%	9.42%	8.45%	7.36%	7.25%	4.65%	7.23%	8.56%
Debt Service Ratios	-	-	-	-	-	-	-	-
EBIT to Interest Expense	46.82	60.74	46.67	64.76	44.96	8.96	26.00	52.64
NOPAT to Interest Expense	38.90	46.34	31.87	48.38	27.06	9.70	13.54	32.53
EBIT Less CapEx to Interest Expense	19.62	45.10	29.68	37.31	17.28	3.30	5.49	25.06
NOPAT Less CapEx to Interest Expense	11.70	30.70	14.88	20.93	-0.62	4.04	-6.98	4.95
Payout Ratios	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	59.19%	0.00%	62.54%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	59.37%	0.00%	62.54%

Financials Breakdown Chart

China Automotive Systems Financials - Frequently Asked Questions

According to the most recent income statement we have on file, China Automotive Systems' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

China Automotive Systems' net income appears to be on an upward trend, with a most recent value of $37.90 million in 2024, falling from $39.59 million in 2014. The previous period was $42.74 million in 2023. See China Automotive Systems' forecast for analyst expectations on what's next for the company.

China Automotive Systems' total operating income in 2024 was $40.26 million, based on the following breakdown:

Total Gross Profit: $109.18 million
Total Operating Expenses: $68.93 million

Over the last 10 years, China Automotive Systems' total revenue changed from $466.77 million in 2014 to $650.94 million in 2024, a change of 39.5%.

China Automotive Systems' total liabilities were at $460.79 million at the end of 2024, a 15.8% increase from 2023, and a 39.2% increase since 2014.

In the past 10 years, China Automotive Systems' cash and equivalents has ranged from $31.09 million in 2016 to $131.70 million in 2021, and is currently $56.96 million as of their latest financial filing in 2024.

Over the last 10 years, China Automotive Systems' book value per share changed from 9.01 in 2014 to 11.58 in 2024, a change of 28.6%.

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Financial statements for NASDAQ:CAAS last updated on 7/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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China Automotive Systems (CAAS) Financials

Financials Breakdown Chart

China Automotive Systems Financials - Frequently Asked Questions

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China Automotive Systems (CAAS) Financials

Annual Income Statements for China Automotive Systems

Quarterly Income Statements for China Automotive Systems

Annual Cash Flow Statements for China Automotive Systems

Quarterly Cash Flow Statements for China Automotive Systems

Annual Balance Sheets for China Automotive Systems

Quarterly Balance Sheets for China Automotive Systems

Annual Metrics And Ratios for China Automotive Systems

Quarterly Metrics And Ratios for China Automotive Systems

Financials Breakdown Chart

China Automotive Systems Financials - Frequently Asked Questions

When does China Automotive Systems' fiscal year end?

How has China Automotive Systems' net income changed over the last 10 years?

What is China Automotive Systems' operating income?

How has China Automotive Systems' revenue changed over the last 10 years?

How much debt does China Automotive Systems have?

How much cash does China Automotive Systems have?

How has China Automotive Systems' book value per share changed over the last 10 years?

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