China Automotive Systems Inc. Financial Statements (2026 and earlier)

Company Profile

Business Address NO. 1, HENGLONG ROAD
HUBEI PROVINCE,
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3714 - Motor Vehicle Parts and Accessories (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

6/30/2025
MRQ
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments84,524125,744134,077133,451107,38782,540
Cash and cash equivalent56,961114,660121,216131,69597,24876,708
Short-term investments 27,56311,08412,8611,75610,1395,832
Restricted cash and investments44,86340,53437,73527,80430,81329,688
Receivables 2,6809,405219,304199,803221,316218,339
Inventory, net of allowances, customer advances and progress billings112,558112,392112,236116,49388,32582,931
Inventory112,558112,392112,236116,49388,32582,931
Prepaid expense 13,0409481,2871,3661,486293
Advances on inventory purchases  3,2063,9426,0665,9934,283
Deposits current assets      264
Other current assets4,1549007346076371,736
Other undisclosed current assets340,819270,94611,40315,79019,70121,091
Total current assets:602,638564,075520,718501,380475,658441,165
Noncurrent Assets
Operating lease, right-of-use asset 94278477138257376
Nontrade receivables 45259846358179307
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization103,820101,359106,606127,721141,004140,437
Long-term investments and receivables64,33260,17359,81036,96649,76639,642
Long-term investments64,33260,17359,81036,96649,76639,642
Intangible asset, including goodwill, after accumulated amortization 3,4173,8651,2731,8121,7301,352
Intangible asset, excluding goodwill, after accumulated amortization 3,4173,8651,2731,8121,7301,352
Deposits noncurrent assets 40,0578,647 8,1354,688 
Deferred income tax assets 14,7488,8997,65210,114 15,291
Other noncurrent assets3,202  16,3122,7592,580
Other undisclosed noncurrent assets17,81918,54617,77013,82631,51918,814
Total noncurrent assets:247,941202,365193,634215,382231,902218,799
TOTAL ASSETS:850,579766,440714,352716,762707,560659,964
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities59,23844,77148,31173,64282,16168,390
Taxes payable✕✕✕✕12,32613,14911,492
Employee-related liabilities✕✕✕✕10,98413,40511,561
Accrued liabilities59,23844,77148,31150,33255,60745,337
Debt72,56648,00545,67147,59244,23846,752
Other liabilities      
Due to related parties✕✕✕  344309
Other undisclosed current liabilities324,678290,963270,213230,582227,741188,323
Total current liabilities:456,482383,739364,195351,816354,484303,774
Noncurrent Liabilities
Long-term debt and lease obligation 1451,221528221,2755,219
Long-term debt, excluding current maturities 1451,221528 1,1264,948
Liabilities, other than long-term debt3,88512,77620,07025,45528,16430,946
Accounts payable and accrued liabilities  8,78115,80521,07523,88426,693
Deferred income tax liabilities 3,8853,9434,0104,3804,2804,253
Other liabilities      
Operating lease, liability  5225522149271
Other undisclosed noncurrent liabilities 2782822,1442,0283,72210,653
Total noncurrent liabilities:4,30814,27922,74227,50533,16146,818
Total liabilities:460,790398,018386,937379,321387,645350,592
Temporary equity, including noncontrolling interest  613582553523 
Equity
Equity, attributable to parent349,569344,464311,651321,034303,222289,211
Common stock333333
Treasury stock, value(7,763)(7,695)(7,695)(5,261)(5,261)(4,261)
Additional paid in capital69,65663,73163,73163,73164,27364,429
Accumulated other comprehensive income (loss)(14,780)(8,258)(3,413)24,71717,413(3,462)
Retained earnings302,453296,683259,025237,844226,794232,502
Equity, attributable to noncontrolling interest40,22023,34515,18215,85416,17020,161
Total equity:389,789367,809326,833336,888319,392309,372
TOTAL LIABILITIES AND EQUITY:850,579766,440714,352716,762707,560659,964

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

6/30/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues650,935576,354529,551497,993417,636431,427
Cost of revenue
(Cost of Product and Service Sold)		(541,751)(472,603)(446,157)(425,914)(362,295)(368,076)
Gross profit:109,184103,75183,39472,07955,34163,351
Operating expenses(73,232)(70,294)(79,139)(70,929)(67,810)(62,238)
Other undisclosed operating income4,3035,7883,6964,3684,3205,067
Operating income (loss):40,25539,2457,9515,518(8,149)6,180
Nonoperating income (expense)3,6696,8699,833(3,204)(6,284)2,839
Investment income, nonoperating     2,087
Gain (loss), foreign currency transaction, before tax(2,107)1,5249,833(3,204)(6,284)752
Other nonoperating income5,7765,345    
Interest and debt expense (1,813)(1,021)(1,450)(1,437)(1,592)(3,034)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes2,0203,1426,7027,5223,8251,574
Income (loss) from continuing operations before equity method investments, income taxes:44,13148,23523,0368,399(12,200)7,559
Income (loss) from equity method investments(340)(360)2,3896,3314,0921,406
Income (loss) from continuing operations before income taxes:43,79147,87525,42514,730(8,108)8,965
Income tax expense(5,892)(5,137)(3,082)(4,004)(2,163)(586)
Income (loss) from continuing operations:37,89942,73822,34310,726(10,271)8,379
Income (loss) before gain (loss) on sale of properties:✕✕✕✕10,726(10,271)8,379
Net income (loss):37,89942,73822,34310,726(10,271)8,379
Net income (loss) attributable to noncontrolling interest(7,897)(5,050)(1,132)3525,3001,580
Other undisclosed net loss attributable to parent(23)(30)(30)(28)(9) 
Net income (loss) attributable to parent:29,97937,65821,18111,050(4,980)9,959
Preferred stock dividends and other adjustments(20)(30)(30)(28)(9) 
Net income (loss) available to common stockholders, diluted:29,95937,62821,15111,022(4,989)9,959

Comprehensive Income ($ in thousands)
Annual | Quarterly

6/30/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net income (loss):37,89942,73822,34310,726(10,271)8,379
Other undisclosed comprehensive income (loss)(7,123)(5,191)(29,934)7,78422,386(5,735)
Comprehensive income (loss):30,77637,547(7,591)18,51012,1152,644
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(7,296)(4,704)672(128)3,7801,998
Other undisclosed comprehensive loss, net of tax, attributable to parent(23)(30)(30)(28)  
Comprehensive income (loss), net of tax, attributable to parent:23,45732,813(6,949)18,35415,8954,642

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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