China Automotive Systems, Inc. (CAAS)

China Automotive Systems, Inc. (NASDAQ:CAAS ) Q2 2025 Earnings Conference Call August 13, 2025 8:00 AM ET Company Participants Jie Li - Chief Financial Officer Kevin Theiss - Manager of Investor Relations Conference Call Participants Gary Nash - Unidentified Company SHAREHOLDERS - Unidentified Company Unknown Shareholder - Unidentified Company Kevin Theiss Thank you, everyone, for joining us today. Welcome to China Automotive Systems 2025 second quarter conference call.

WUHAN, China , Aug. 13, 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 second quarter and six months ended June 30, 2025. Second Quarter 2025 Highlights Net sales rose 11.1% year-over-year to $176.2 million from $158.6 million in the second quarter of 2024.

WUHAN, China , July 29, 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 second quarter ended June 30, 2025, on Wednesday, August 13, 2025, before the market opens.  Management will conduct a conference call on August 13 th at 8:00 A.M.

China Automotive Systems remains a deep value play, trading at just 3.3x earnings and a 68% discount to book value. Tariff fears are overblown; with 68% of revenue from China and costs passed down the supply chain, the impact is minimal. The company is well-positioned for EV growth, investing heavily in R&D and supplying electric steering systems to major automakers.

WUHAN, China , July 9, 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 L2+ standard electro-hydraulic steering system, a power steering system used in heavy-duty vehicles that utilizes both hydraulic power and electronic controls to assist with steering, has entered mass production in China.  Following the iRCB 's outstanding performance and cost-efficiency demonstrated in the first month of mass production, new orders in July were placed by customers setting a new record in the power steering industry for the ramp up to mass production.

The tariff dispute has left its mark on China Automotive Systems, and not without reason, since the U.S. is not an insignificant market. CAAS can overcome headwinds in the U.S. with growth elsewhere, something that already appears to have happened in the Q1 FY2025 report. Growth prospects for the company are good for several reasons, including greater exposure to the better-performing part of the automobile market.

2025 AGM will be held on Wednesday, June 25, 2025 at 9:00 AM local time, or 9:00 PM EDT on Tuesday, June 24, 2025 WUHAN, China , June 10, 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 the Annual Meeting of Stockholders of China Automotive Systems, Inc. will be held on June 25, 2025 (Wednesday) at 9:00 am at the Second Floor Meeting Room, Henglong Group, No. 88 Jingsha Avenue, Jingzhou City, Hubei Province, the People's Republic of China.

WUHAN, China , May 21, 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"), won its first R-EPS product order from a large, well-known European automobile producer.

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.

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.

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.

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.

-  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.

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.

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.

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").