Quote data as of 6:08 AM ET
China Automotive Systems, Inc., through its subsidiaries, manufactures and sells automotive systems and components in the People's Republic of China. It produces rack and pinion power steering gears for cars and light-duty vehicles; integral power steering gears for heavy-duty vehicles; power steering parts for light duty vehicles; sensor modules; automobile steering systems and columns; and automobile electronic and hydraulic power steering systems and parts. The company also offers automotive motors and electromechanical integrated systems; polymer materials; and intelligent automotive technology research and development services. In addition, it provides after sales services, and research and development support services, as well as markets automotive parts in North America and Brazil. The company primarily sells its products to the original equipment manufacturing customers. China Automotive Systems, Inc. was incorporated in 1999 and is headquartered in Jingzhou, the People's Republic of China.
China Automotive Systems reported record financial results for fiscal 2025, with net sales rising 17.6% year-over-year to $765.7 million and diluted EPS increasing 43.4% to a record $1.42.
Gross margin improved to 19.0% from 16.8% in the prior year, driven by a favorable product mix shift towards higher-margin electric power steering systems, which grew sales by 25.5%.
Operating cash flow surged to $111.6 million compared to $9.8 million in 2024, while management provided FY2026 revenue guidance of $810.0 million and announced a transition to a six-month reporting cycle.