CAAS icon

China Automotive Systems

4.13 USD
+0.26
6.72%
At close Dec 20, 4:00 PM EST
1 day
6.72%
5 days
-5.49%
1 month
-8.02%
3 months
15.04%
6 months
11.62%
Year to date
29.87%
1 year
25.15%
5 years
19.71%
10 years
-40.75%
 

About: China Automotive Systems Inc is a holding company. The firm through its subsidiary is a supplier of power steering systems and components to China's automotive industry. Its product offering encompasses a full range of auto parts incorporated into steering systems for both passenger automobiles and commercial vehicles. The company offers four separate series, more than 310 models of power steering including rack and pinion power steering, integral power steering, electronic power steering and manual steering, steering columns, steering oil pumps, and steering hoses. Geographically, it derives a majority of its revenue from China.

Employees: 4,313

0
Funds holding %
of 6,809 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

819% more call options, than puts

Call options by funds: $239K | Put options by funds: $26K

150% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 2

29% more repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 7

27% more capital invested

Capital invested by funds: $4.69M [Q2] → $5.94M (+$1.25M) [Q3]

13% more funds holding

Funds holding: 23 [Q2] → 26 (+3) [Q3]

0.1% less ownership

Funds ownership: 4.38% [Q2] → 4.28% (-0.1%) [Q3]

Research analyst outlook

We haven’t received any recent analyst ratings for CAAS.

Financial journalist opinion

Neutral
PRNewsWire
1 month ago
China Automotive Systems Announces Share Repurchase Program Up To $5 Million
WUHAN, China , Nov. 18, 2024 /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 board of directors approved a share repurchase program of up to $5 million of its outstanding common shares periodically over the next 12 months. Repurchases will be made in open market transactions, at prevailing market prices not to exceed $5.50 per share through November 15, 2025, subject to applicable laws, regulations and approvals.
China Automotive Systems Announces Share Repurchase Program Up To $5 Million
Neutral
Seeking Alpha
1 month ago
China Automotive Systems, Inc. (CAAS) Q3 2024 Earnings Call Transcript
China Automotive Systems, Inc. (NASDAQ:CAAS ) Q3 2024 Earnings Conference Call November 13, 2024 8:00 AM ET Company Participants Kevin Theiss - IR Jie Li - CFO Conference Call Participants Operator Greetings. Welcome to the China Automotive Systems Third Quarter 2024 Conference Call.
China Automotive Systems, Inc. (CAAS) Q3 2024 Earnings Call Transcript
Neutral
PRNewsWire
1 month ago
China Automotive Systems Reports Sales Increased by 19.4% in the Third Quarter of 2024
WUHAN, China , Nov. 13, 2024 /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 third quarter and nine months ended September 30, 2024. Third Quarter 2024 Highlights Net sales rose 19.4% year-over-year to $164.2 million from $137.5 million in the third quarter of 2023.
China Automotive Systems Reports Sales Increased by 19.4% in the Third Quarter of 2024
Neutral
PRNewsWire
1 month ago
China Automotive Systems to Announce Unaudited 2024 Third Quarter Financial Results on November 13, 2024
WUHAN, China , Nov. 4, 2024 /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 third quarter ended September 30, 2024, on Wednesday, November 13, 2024, before the market opens. Management will conduct a conference call on November 13 th at 8:00 A.M.
China Automotive Systems to Announce Unaudited 2024 Third Quarter Financial Results on November 13, 2024
Neutral
PRNewsWire
3 months ago
China Automotive Systems Announces Annual Meeting on September 24, 2024
CAAS announces the conference call and webcast information for the Annual Meeting of Stockholders to be held on Tuesday, September 24, 2024 at 9:00 AM local time, or 9:00 PM EDT on Monday, September 23, 2024 WUHAN, China , Sept. 16, 2024 /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 Tuesday, September 24, 2024 at 9:00  am local time at the Second Floor Meeting Room, D8 Henglong Building, Optics Valley Software Park, No.
China Automotive Systems Announces Annual Meeting on September 24, 2024
Neutral
PRNewsWire
4 months ago
China Automotive Systems Reports Income From Operations Increased by 38.7% in the Second Quarter of 2024
WUHAN, China , Aug. 13, 2024 /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, 2024. Second Quarter 2024 Highlights Net sales rose 15.4% year-over-year to $158.6 million from $137.4 million in the second quarter of 2023.
China Automotive Systems Reports Income From Operations Increased by 38.7% in the Second Quarter of 2024
Neutral
PRNewsWire
4 months ago
China Automotive Systems to Announce Unaudited 2024 Second Quarter Financial Results on August 13, 2024
WUHAN, China , Aug. 2, 2024 /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, 2024, on Tuesday, August 13, 2024, before the market opens. Management will conduct a conference call on August 13 th at 7:00 A.M.
China Automotive Systems to Announce Unaudited 2024 Second Quarter Financial Results on August 13, 2024
Positive
Seeking Alpha
4 months ago
China Automotive Systems: 74% Discount To Book Value, Great Earnings
China Automotive Systems had a phenomenal 1Q24 with a 17% EPS increase, leading to a 19% stock increase after announcing a one-time $0.80 dividend per share. CAAS stock is undervalued, trading at 5.4x EBIT and a 74% discount to its book value, with strong revenue and margin growth. CAAS has potential for growth with increasing demand for EVs, unique electric power steering solutions, and favorable market conditions, making it a BUY opportunity worth at least $7.50 per share.
China Automotive Systems: 74% Discount To Book Value, Great Earnings
Neutral
PRNewsWire
5 months ago
China Automotive Systems Announces Special Cash Dividend
- Celebrating 20th Anniversary of NASDAQ Listing - WUHAN, China , July 19, 2024 /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 Board of Directors has declared a special cash dividend of US$0.80 per common share.  The special cash dividend is payable on or about August 22, 2024 to shareholders of record as of the close of business on Tuesday, July 30, 2024.
China Automotive Systems Announces Special Cash Dividend
Positive
InvestorPlace
6 months ago
3 Chinese Penny Stocks to Buy for the China Rebound
Signs of a recovery in the world's second largest economy continue to emerge. The Chinese housing sector continues to rebound.
3 Chinese Penny Stocks to Buy for the China Rebound
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