CHINA AUTOMOTIVE SYSTEMS INC/2
caasauto.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q2 FY2025 10-Q, filed Aug 13, 2025. Its latest SEC filing is a 15-12G from Sep 17, 2025.
10-Q for Q2 FY2025, filed Aug 13, 2025
The sections below describe the company as of the FY2024 annual report.
What Did They Do?
Makes and sells power steering systems and related automotive components to passenger- and commercial-vehicle makers.
10-K for FY2024, filed Mar 28, 2025China Automotive Systems, Inc., “China Automotive” or the “Company,” was incorporated in the State of Delaware on June 29, 1999. Through…View ↗
The Company is a holding company and has no significant business operations or assets other than its interest in Genesis and HLUSA. Genesis…View ↗
The Company primarily sells its products to the above-mentioned customers, and also has excellent relationships with them, including…View ↗
How Did They Make Money?
Vehicle makers pay for steering systems and components after delivery, with a credit period before payment is due.
10-K for FY2024, filed Mar 28, 2025
$650.9M
-
10-K for FY2024, filed Mar 28, 2025
$650.9M ↗
Who Were Their Customers?
Vehicle makers are the main buyers. The company’s sales teams work with key customers, supported by customer-facing sales and service offices and nearby distribution warehouses.
10-K for FY2024, filed Mar 28, 2025The Company primarily sells its products to the above-mentioned customers, and also has excellent relationships with them, including…View ↗
The Company’s sales and marketing team has 92 sales persons, which are divided into an OEM team, a sales service team and a working group…View ↗
The Company’s distribution system covers all of China. The Company has established sales and service offices with certain significant…View ↗
10-K for FY2024, filed Mar 28, 2025
Did Revenues Turn Into Profits?
Yes. It kept 5 cents of every revenue dollar as net income in FY2024, but spent more cash than it brought in: free cash flow was −$33.9M.
10-K for FY2024, filed Mar 28, 2025
$40.3MView ↗
10-K for FY2024, filed Mar 28, 2025
$30MView ↗
10-K for FY2024, filed Mar 28, 2025
−$33.9MView ↗
How Were They Changing?
-
Sep 11, 2025
Completed the redomicile merger into its Cayman subsidiary
Each common share converted into one ordinary share of the surviving company.
Sources
8-K, filed Sep 11, 2025
On September 11, 2025, the Company completed the Redomicile Merger. Pursuant to the Merger Agreement, the Company has merged with and into…View ↗
-
Jun 26, 2025
Entered an agreement for a redomicile merger
The subsidiary would survive, and the business would continue in substantially the same manner.
Sources
8-K, filed Jun 26, 2025
On June 26, 2025, China Automotive Systems, Inc., a Delaware corporation (the “Company”) and China Automotive Systems Holdings, Inc., an…View ↗
Grew. Revenue grew 56% in 4 years, from $417.6M in FY2020 to $650.9M in FY2024, about 12% a year.
Who Did They Compete With?
Competes with Shanghai ZF, Nexteer, and First Auto FKS
10-K for FY2024, filed Mar 28, 2025The Company’s major competitors, including Shanghai ZF, Nexteer and First Auto FKS, “FKS,” are component suppliers to specific automobile…View ↗
Loading...
