China Automotive Systems Inc
caasauto.comWhat Do They Do?
Makes and sells power steering systems and related automotive components for vehicle makers, including original equipment manufacturers.
20-F for FY2025, filed Apr 22, 2026Through its subsidiary, Great Genesis Holdings Limited, “Genesis,” a corporation organized under the laws of the Hong Kong Special…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 automotive power steering systems market in China is highly competitive, with key participants including leading international…View ↗
How Do They Make Money?
Henglong sells rack-and-pinion power steering gears for cars and light-duty vehicles; customers pay after delivery, following a credit period.
20-F for FY2025, filed Apr 22, 2026
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20-F for FY2025, filed Apr 22, 2026
FY2025 revenue by reportable segment ↗
$765.7M
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20-F for FY2025, filed Apr 22, 2026
$765.7M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Henglong
Sold outright
20-F for FY2025, filed Apr 22, 2026 |
48% |
Henglong, FY2025
$365.3M Sources
|
Sold outright |
|
Jiulong
Sold outright
20-F for FY2025, filed Apr 22, 2026 |
12% |
Jiulong, FY2025
$92.3M Sources
|
Sold outright |
|
Wuhu
Sold outright
|
4.5% |
Wuhu, FY2025
$34.6M Sources
|
Sold outright |
|
Hubei Henglong
Sold outright
20-F for FY2025, filed Apr 22, 2026 |
16% |
Hubei Henglong, FY2025
$121.6M Sources
|
Sold outright |
|
Henglong KYB
Sold outright
20-F for FY2025, filed Apr 22, 2026 |
31% |
Henglong KYB, FY2025
$235M Sources
|
Sold outright |
|
Brazil Henglong
Sold outright
|
9.0% |
Brazil Henglong, FY2025
$68.7M Sources
|
Sold outright |
|
Other Entities
Sold outright
20-F for FY2025, filed Apr 22, 2026 |
21% |
Other Entities, FY2025
$163.9M Sources
|
Sold outright |
Who Are Their Customers?
Vehicle makers, including original equipment manufacturers, buy steering products; sales and service teams work with key customers, while distribution warehouses support deliveries.
20-F for FY2025, filed Apr 22, 2026The automotive power steering systems market in China is highly competitive, with key participants including leading international…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 ↗
20-F for FY2025, filed Apr 22, 2026
Do Revenues Turn Into Profits?
Yes. It kept 6 cents of every revenue dollar as net income in FY2025 and turned 10 cents into free cash flow.
20-F for FY2025, filed Apr 22, 2026
$53.6MView ↗
20-F for FY2025, filed Apr 22, 2026
$42.8MView ↗
20-F for FY2025, filed Apr 22, 2026
$74.4MView ↗
How Are They Changing?
Who Do They Compete With?
Competes with Bosch, ZF Friedrichshafen, JTEKT, Nexteer Automotive, NSK, Zhejiang Shibao, and Bosch Huayu Steering Systems
20-F for FY2025, filed Apr 22, 2026The automotive power steering systems market in China is highly competitive, with key participants including leading international…View ↗
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