$4.990
-0.040 (-0.80%)收盘时
CAAS 资讯
CAAS 事件
Company Reports 1H Revenue of $412.5 Million
Reports 1H revenue $412.5M vs. $343.3M last year. Qizhou Wu, CEO, commented, "Our profit growth accelerated in the first half of 2026 with strong net sales in an overall sluggish economy in China. We had growth across the board in our major operating units, except for our Brazilian subsidiary, with three operations achieving net sales growth exceeding 40% in the first six months of 2026. Net sales of our electric power steering products grew by 32.2% year-over-year and now represent 46.8% of total net sales in the first half of 2026. Our Henglong KYB subsidiary, which is mainly engaged in providing passenger EPS products, has grown into the second largest contributor to net sales. In addition to the growth in our passenger vehicle steering systems, our net sales of commercial vehicle steering systems continued to improve with an even stronger sales growth of over 40% year-over-year in the first half of 2026."
Company Raises Revenue Guidance for FY 2026 to $850 Million
The company said, "Management has raised revenue guidance for the fiscal year 2026 to $850.0 million. This target is based on the Company's current views on operating and market conditions, which are subject to change."
China Automotive Ships First Batch of EPS to Global Automaker
China Automotive announced that the first batch of electric power steering, or EPS, models for a global automaker's European division has been shipped from the CAAS' factory. This EPS steering model will be featured in two new vehicle models in Europe, with more vehicle projects to follow. Annual sales volume is expected to reach approximately 300,000 units. Qizhou Wu, CEO of CAAS, commented, "We are proud of entering another major OEM's supply chain as we make strides in broadening our customer base and geographic reach. We remain laser-focused on pursuing our global mission of 'providing intelligent chassis system solutions for global automakers'. EPS products are one of our advanced steering products in an expanding product portfolio to meet the diverse needs of both passenger and commercial vehicles on a worldwide scale."
China Automotive CFO Jie Li: Net Cash Approaches $169.7 Million in 2025
Jie Li, Chief Financial Officer of China Automotive, commented, "Our record sales and net profits generated much higher cash flow from operations and free cash flow in 2025. Cash and cash equivalents, pledged cash and short-term investments and long-term time deposit rose to $256.7 million at year end with net cash approaching $169.7 million. We look forward to reaping the savings, greater flexibility and benefits of our redomiciliation."
China Automotive Reports Q4 Revenue of $229.2M
Reports Q4 revenue $229.2M vs. $188.7M last year. Qizhou Wu, CEO of China Automotive, commented, "The 2025 year was marked by higher sales growth, improved profitability, strengthened finances, higher cash flow from operations and organizational changes. Our traditional hydraulic steering products grew by 12.6% in 2025 as our more advanced electric power steering grew by 25.5%. Domestically, our steering product sales benefitted as Chinese branded vehicles continued to experience higher sales and capture more market share."
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