2015 Q4 Form 10-K Financial Statement

#000114420417017409 Filed on March 30, 2017

View on sec.gov

Income Statement

Concept 2015 Q4 2015 2014 Q4
Revenue $120.1M $443.5M $135.3M
YoY Change -11.23% -4.98% 4.72%
Cost Of Revenue $99.90M $364.0M $111.3M
YoY Change -10.24% -4.04% 4.21%
Gross Profit $20.20M $79.55M $24.00M
YoY Change -15.83% -9.06% 7.14%
Gross Profit Margin 16.82% 17.93% 17.74%
Selling, General & Admin $9.700M $16.97M $9.700M
YoY Change 0.0% 5.01% 42.65%
% of Gross Profit 48.02% 21.33% 40.42%
Research & Development $4.600M $22.34M $6.500M
YoY Change -29.23% -2.73% -16.67%
% of Gross Profit 22.77% 28.08% 27.08%
Depreciation & Amortization $3.760M $15.27M $3.930M
YoY Change -4.33% -1.61% 8.26%
% of Gross Profit 18.61% 19.2% 16.37%
Operating Expenses $14.30M $54.31M $16.20M
YoY Change -11.73% -1.0% 10.96%
Operating Profit $5.900M $29.65M $7.800M
YoY Change -24.36% -33.26% 0.0%
Interest Expense $600.0K $1.337M $0.00
YoY Change -25.22% -100.0%
% of Operating Profit 10.17% 4.51% 0.0%
Other Income/Expense, Net $200.0K $300.0K $500.0K
YoY Change -60.0% -50.0% 25.0%
Pretax Income $7.900M $32.05M $9.900M
YoY Change -20.2% -30.46% 7.61%
Income Tax $500.0K $4.490M $300.0K
% Of Pretax Income 6.33% 14.01% 3.03%
Net Earnings $6.900M $27.39M $9.000M
YoY Change -23.33% -18.35% 25.0%
Net Earnings / Revenue 5.75% 6.17% 6.65%
Basic Earnings Per Share $0.85
Diluted Earnings Per Share $215.0K $0.85 $280.4K
COMMON SHARES
Basic Shares Outstanding 32.12M shares 32.12M shares 32.12M shares
Diluted Shares Outstanding 32.13M shares

Balance Sheet

Concept 2015 Q4 2015 2014 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $90.90M $90.90M $109.5M
YoY Change -16.99% -16.99% 22.35%
Cash & Equivalents $69.68M $69.70M $68.51M
Short-Term Investments $21.20M $21.20M $41.00M
Other Short-Term Assets $43.30M $43.30M $43.60M
YoY Change -0.69% -0.69% -2.46%
Inventory $65.57M $65.60M $64.42M
Prepaid Expenses
Receivables $254.4M $254.4M $282.3M
Other Receivables $21.90M $21.90M $22.80M
Total Short-Term Assets $476.1M $476.1M $522.6M
YoY Change -8.91% -8.9% 11.1%
LONG-TERM ASSETS
Property, Plant & Equipment $84.15M $84.20M $82.47M
YoY Change 2.04% 2.06% 3.06%
Goodwill $608.0K $645.0K
YoY Change -5.74%
Intangibles $2.793M $3.419M
YoY Change -18.31% 398.4%
Long-Term Investments $6.200M $6.200M $4.600M
YoY Change 34.78% 34.78% 15.0%
Other Assets $34.00M $34.00M $13.70M
YoY Change 148.18% 148.18% 35.64%
Total Long-Term Assets $131.6M $131.6M $106.5M
YoY Change 23.56% 23.45% 11.91%
TOTAL ASSETS
Total Short-Term Assets $476.1M $476.1M $522.6M
Total Long-Term Assets $131.6M $131.6M $106.5M
Total Assets $607.7M $607.7M $629.2M
YoY Change -3.41% -3.42% 11.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $133.1M $133.1M $137.2M
YoY Change -2.99% -2.99% 9.94%
Accrued Expenses $31.38M $24.80M $35.43M
YoY Change -11.42% -9.16% 21.91%
Deferred Revenue
YoY Change
Short-Term Debt $111.3M $111.3M $124.7M
YoY Change -10.75% -10.75% 7.87%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $298.2M $298.2M $324.5M
YoY Change -8.11% -8.1% 11.49%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.900M $1.900M $6.200M
YoY Change -69.35% -69.35% 121.43%
Total Long-Term Liabilities $1.900M $1.900M $6.200M
YoY Change -69.35% -69.35% 121.43%
TOTAL LIABILITIES
Total Short-Term Liabilities $298.2M $298.2M $324.5M
Total Long-Term Liabilities $1.900M $1.900M $6.200M
Total Liabilities $300.4M $308.7M $331.0M
YoY Change -9.24% -9.18% 12.65%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $64.63M $64.53M
YoY Change 0.16% 63.07%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.000M $1.000M
YoY Change 0.0% 0.0%
Treasury Stock Shares 217.3K shares 217.3K shares
Shareholders Equity $299.0M $299.0M $289.3M
YoY Change
Total Liabilities & Shareholders Equity $607.7M $607.7M $629.2M
YoY Change -3.41% -3.42% 11.24%

Cashflow Statement

Concept 2015 Q4 2015 2014 Q4
OPERATING ACTIVITIES
Net Income $6.900M $27.39M $9.000M
YoY Change -23.33% -18.35% 25.0%
Depreciation, Depletion And Amortization $3.760M $15.27M $3.930M
YoY Change -4.33% -1.61% 8.26%
Cash From Operating Activities $15.22M $39.27M $37.64M
YoY Change -59.56% -14.07% 207.27%
INVESTING ACTIVITIES
Capital Expenditures -$17.66M $41.70M -$7.840M
YoY Change 125.26% 131.2% 37.54%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $660.0K $10.41M $2.030M
YoY Change -67.49% -537.39% -181.2%
Cash From Investing Activities -$16.99M -$32.27M -$5.810M
YoY Change 192.43% 48.1% -29.06%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.140M -1.780M -5.100M
YoY Change -38.43% -80.48% -2.3%
NET CHANGE
Cash From Operating Activities 15.22M 39.27M 37.64M
Cash From Investing Activities -16.99M -32.27M -5.810M
Cash From Financing Activities -3.140M -1.780M -5.100M
Net Change In Cash -4.910M 5.220M 26.73M
YoY Change -118.37% -64.71% -2404.31%
FREE CASH FLOW
Cash From Operating Activities $15.22M $39.27M $37.64M
Capital Expenditures -$17.66M $41.70M -$7.840M
Free Cash Flow $32.88M -$2.434M $45.48M
YoY Change -27.7% -108.8% 153.37%

Facts In Submission

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AllowanceForDoubtfulAccountsPremiumsAndOtherReceivablesRelatedParties
649000 USD
CY2015Q4 caas Allowance For Doubtful Accounts Premiums And Other Receivables Related Parties
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivablesRelatedParties
607000 USD
CY2015 caas Amounts Provided For During Year Related Parties
AmountsProvidedForDuringYearRelatedParties
11000 USD
CY2016 caas Amounts Provided For During Year Related Parties
AmountsProvidedForDuringYearRelatedParties
0 USD
CY2015 caas Amounts Reversed Of Collection During Year Related Parties
AmountsReversedOfCollectionDuringYearRelatedParties
16000 USD
CY2016 caas Amounts Reversed Of Collection During Year Related Parties
AmountsReversedOfCollectionDuringYearRelatedParties
9000 USD
CY2015 caas Foreign Currency Translation Related Parties
ForeignCurrencyTranslationRelatedParties
37000 USD
CY2016 caas Foreign Currency Translation Related Parties
ForeignCurrencyTranslationRelatedParties
39000 USD
CY2016Q4 caas Allowance For Doubtful Accounts Premiums And Other Receivables Related Parties
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivablesRelatedParties
559000 USD
CY2016Q4 us-gaap Inventory Raw Materials
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15007000 USD
CY2015Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
15653000 USD
CY2016Q4 us-gaap Inventory Work In Process
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10852000 USD
CY2015Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
14222000 USD
CY2016Q4 us-gaap Inventory Finished Goods
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42191000 USD
CY2015Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
35695000 USD
CY2016 us-gaap Valuation Allowances And Reserves Adjustments
ValuationAllowancesAndReservesAdjustments
3200000 USD
CY2015 us-gaap Valuation Allowances And Reserves Adjustments
ValuationAllowancesAndReservesAdjustments
2600000 USD
CY2016 caas Income From Investment Of Affiliates
IncomeFromInvestmentOfAffiliates
600000 USD
CY2016Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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114595000 USD
CY2015Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
111217000 USD
CY2016 us-gaap Depreciation
Depreciation
13600000 USD
CY2015 us-gaap Depreciation
Depreciation
14700000 USD
CY2016Q4 us-gaap Pledged Assets Separately Reported Loans Pledged For Other Debt Obligations At Fair Value
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28500000 USD
CY2016 caas Subsidy On Property Plant And Equipment Cost
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1100000 USD
CY2016Q4 us-gaap Finite Lived Patents Gross
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1986000 USD
CY2015Q4 us-gaap Finite Lived Patents Gross
FiniteLivedPatentsGross
4605000 USD
CY2016Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
1165000 USD
CY2015Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
1036000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
3151000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
5641000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2534000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2848000 USD
CY2016 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
300000 USD
CY2015 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
600000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1500000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
300000 USD
CY2016Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
6216000 USD
CY2015Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
6498000 USD
CY2016Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Foreign
DeferredTaxAssetsOperatingLossCarryforwardsForeign
2887000 USD
CY2015Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Foreign
DeferredTaxAssetsOperatingLossCarryforwardsForeign
2901000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Warranty Reserves
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4766000 USD
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Warranty Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsWarrantyReserves
4344000 USD
CY2016Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
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4204000 USD
CY2015Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
4656000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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247000 USD
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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222000 USD
CY2016Q4 caas Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Bonus
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsBonus
231000 USD
CY2015Q4 caas Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Bonus
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsBonus
379000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
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1551000 USD
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther
995000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Other
DeferredTaxAssetsTaxDeferredExpenseOther
1206000 USD
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Other
DeferredTaxAssetsTaxDeferredExpenseOther
1350000 USD
CY2016Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
21499000 USD
CY2015Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
21345000 USD
CY2016Q4 caas Deferred Tax Assets Tax Revenue Recognition
DeferredTaxAssetsTaxRevenueRecognition
0 USD
CY2015Q4 caas Deferred Tax Assets Tax Revenue Recognition
DeferredTaxAssetsTaxRevenueRecognition
105000 USD
CY2016Q4 caas Deferred Tax Assets Net Of Revenue Recognition
DeferredTaxAssetsNetOfRevenueRecognition
21499000 USD
CY2015Q4 caas Deferred Tax Assets Net Of Revenue Recognition
DeferredTaxAssetsNetOfRevenueRecognition
21240000 USD
CY2016Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
8912000 USD
CY2015Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
9379000 USD
CY2016Q4 us-gaap Deferred Tax Assets Net
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12587000 USD
CY2014Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
9236000 USD
CY2016 caas Provision For Valuation Allowance
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401000 USD
CY2016 caas Valuation Allowance Recoveries
ValuationAllowanceRecoveries
698000 USD
CY2016 caas Valuation Allowance Foreign Currency Translation
ValuationAllowanceForeignCurrencyTranslation
-170000 USD
CY2016Q4 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.052 pure
CY2015Q4 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.080 pure
CY2016Q4 caas Accounts Payable Unrelated Parties
AccountsPayableUnrelatedParties
138053000 USD
CY2015Q4 caas Accounts Payable Unrelated Parties
AccountsPayableUnrelatedParties
126759000 USD
CY2016Q4 caas Notes Payable Unrelated Parties
NotesPayableUnrelatedParties
78940000 USD
CY2015Q4 caas Notes Payable Unrelated Parties
NotesPayableUnrelatedParties
70346000 USD
CY2016Q4 us-gaap Notes Payable Related Parties Current And Noncurrent
NotesPayableRelatedPartiesCurrentAndNoncurrent
0 USD
CY2015Q4 us-gaap Notes Payable Related Parties Current And Noncurrent
NotesPayableRelatedPartiesCurrentAndNoncurrent
785000 USD
CY2016Q4 caas Accounts And Notes Payable Total
AccountsAndNotesPayableTotal
223796000 USD
CY2015Q4 caas Accounts And Notes Payable Total
AccountsAndNotesPayableTotal
203468000 USD
CY2016Q4 us-gaap Accounts Payable Related Parties Current And Noncurrent
AccountsPayableRelatedPartiesCurrentAndNoncurrent
6803000 USD
CY2015Q4 us-gaap Accounts Payable Related Parties Current And Noncurrent
AccountsPayableRelatedPartiesCurrentAndNoncurrent
5578000 USD
CY2016Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
6803000 USD
CY2015Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
6363000 USD
CY2016Q4 caas Accrued Expenses Current
AccruedExpensesCurrent
8605000 USD
CY2015Q4 caas Accrued Expenses Current
AccruedExpensesCurrent
6186000 USD
CY2016Q4 caas Accrued Interest Current
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88000 USD
CY2015Q4 caas Accrued Interest Current
AccruedInterestCurrent
116000 USD
CY2016Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
964000 USD
CY2015Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2022000 USD
CY2016Q4 us-gaap Product Warranty Accrual Classified Current
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26225000 USD
CY2015Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
23059000 USD
CY2016Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
7662000 USD
CY2015Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
7016000 USD
CY2016Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
3390000 USD
CY2015Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
1744000 USD
CY2016Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
622000 USD
CY2015Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
524000 USD
CY2014Q4 us-gaap Additional Paid In Capital Common Stock
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64522000 USD
CY2015 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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105000 USD
CY2016 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
137000 USD
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97500 shares
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8.87
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
22500 shares
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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22500 shares
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
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15000 shares
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
15000 shares
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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5.58
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
6.95
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
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16.8
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
4.84
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
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P5Y
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
6.08
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
4.64
CY2016 caas Percentage Of Statutory Surplus Reserve
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0.5 pure
CY2016 caas Statutory Accounting Practices Statutory Surplus Required Percentage
StatutoryAccountingPracticesStatutorySurplusRequiredPercentage
0.1 pure
CY2016 caas Statutory Accounting Practices Statutory Capital And Surplus Reserve
StatutoryAccountingPracticesStatutoryCapitalAndSurplusReserve
200000 USD
CY2015 caas Statutory Accounting Practices Statutory Capital And Surplus Reserve
StatutoryAccountingPracticesStatutoryCapitalAndSurplusReserve
200000 USD
CY2014Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
36119000 USD
CY2015 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-17707000 USD
CY2016 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-19304000 USD
CY2014Q4 us-gaap Minority Interest
MinorityInterest
8912000 USD
CY2016 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
464000 USD
CY2015 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
317000 USD
CY2016 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
-692000 USD
CY2015 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
-852000 USD
CY2016 us-gaap Investment Income Interest
InvestmentIncomeInterest
2080000 USD
CY2015 us-gaap Investment Income Interest
InvestmentIncomeInterest
3417000 USD
CY2016 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-46000 USD
CY2015 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-12000 USD
CY2016 caas Handling Charge
HandlingCharge
609000 USD
CY2015 caas Handling Charge
HandlingCharge
594000 USD
CY2015 caas Gain Loss Of Note Discount Net
GainLossOfNoteDiscountNet
77000 USD
CY2016 caas Gain Loss Of Note Discount Net
GainLossOfNoteDiscountNet
3000 USD
CY2016 caas Percentage Owned In Holding Company To Avail Withholding Tax Of Five Percent
PercentageOwnedInHoldingCompanyToAvailWithholdingTaxOfFivePercent
0.25 pure
CY2008Q1 caas Withholding Tax Percentage Applicable To Foreign Investors As Non Resident Enterprises
WithholdingTaxPercentageApplicableToForeignInvestorsAsNonResidentEnterprises
0.1 pure
CY2016 us-gaap Undistributed Earnings
UndistributedEarnings
239800000 USD
CY2015 us-gaap Undistributed Earnings
UndistributedEarnings
228700000 USD
CY2016 caas Tax Provision On Retained Earning Not Reinvested
TaxProvisionOnRetainedEarningNotReinvested
12000000 USD
CY2015 caas Tax Provision On Retained Earning Not Reinvested
TaxProvisionOnRetainedEarningNotReinvested
11400000 USD
CY2016 caas Withholding Tax Percentage Applicable To Foreign Investors To Direct Holding Company
WithholdingTaxPercentageApplicableToForeignInvestorsToDirectHoldingCompany
0.05 pure
CY2016 caas Increase In Income Tax Expense Benefit Percentage
IncreaseInIncomeTaxExpenseBenefitPercentage
0.25 pure
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35 pure
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35 pure
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
8716000 USD
CY2015 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
11216000 USD
CY2016 us-gaap Income Tax Reconciliation Deductions
IncomeTaxReconciliationDeductions
3969000 USD
CY2015 us-gaap Income Tax Reconciliation Deductions
IncomeTaxReconciliationDeductions
3160000 USD
CY2016 caas Income Tax Reconciliation Change In Foreign Tax Rate
IncomeTaxReconciliationChangeInForeignTaxRate
3367000 USD
CY2015 caas Income Tax Reconciliation Change In Foreign Tax Rate
IncomeTaxReconciliationChangeInForeignTaxRate
4467000 USD
CY2016 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
1570000 USD
CY2015 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
758000 USD
CY2016 us-gaap Income Tax Reconciliation Tax Holidays
IncomeTaxReconciliationTaxHolidays
3367000 USD
CY2015 us-gaap Income Tax Reconciliation Tax Holidays
IncomeTaxReconciliationTaxHolidays
4467000 USD
CY2016 us-gaap Income Loss From Extraordinary Items Net Of Tax Per Basic Share
IncomeLossFromExtraordinaryItemsNetOfTaxPerBasicShare
0.11
CY2015 us-gaap Income Loss From Extraordinary Items Net Of Tax Per Basic Share
IncomeLossFromExtraordinaryItemsNetOfTaxPerBasicShare
0.14
CY2016 us-gaap Income Loss From Extraordinary Items Net Of Tax Per Diluted Share
IncomeLossFromExtraordinaryItemsNetOfTaxPerDilutedShare
0.11
CY2015 us-gaap Income Loss From Extraordinary Items Net Of Tax Per Diluted Share
IncomeLossFromExtraordinaryItemsNetOfTaxPerDilutedShare
0.14
CY2016 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2645 shares
CY2015 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
13847 shares
CY2016 caas Minimum Percentage Of Profit Allocated To Foreign Investment
MinimumPercentageOfProfitAllocatedToForeignInvestment
0.1 pure
CY2016 caas Registered Capital Percentage
RegisteredCapitalPercentage
0.5 pure
CY2016Q4 us-gaap Due From Related Parties
DueFromRelatedParties
559000 USD
CY2015Q4 us-gaap Due From Related Parties
DueFromRelatedParties
621000 USD
CY2016Q4 caas Provisions For Bad Debts
ProvisionsForBadDebts
559000 USD
CY2015Q4 caas Provisions For Bad Debts
ProvisionsForBadDebts
607000 USD
CY2016Q4 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
26103000 USD
CY2016Q4 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
7786000 USD
CY2016Q4 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
0 USD
CY2016Q4 us-gaap Contractual Obligation
ContractualObligation
33889000 USD
CY2015 us-gaap Sales Revenue Net
SalesRevenueNet
443533000 USD
CY2016 us-gaap Sales Revenue Net
SalesRevenueNet
462050000 USD
CY2016 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
32722000 USD
CY2015 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
29215000 USD
CY2016Q4 us-gaap Long Term Investments And Receivables Net
LongTermInvestmentsAndReceivablesNet
144158000 USD
CY2015Q4 us-gaap Long Term Investments And Receivables Net
LongTermInvestmentsAndReceivablesNet
123336000 USD
CY2016 dei Document Type
DocumentType
10-K
CY2016 dei Amendment Flag
AmendmentFlag
false
CY2016 dei Document Period End Date
DocumentPeriodEndDate
2016-12-31
CY2016 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2016
CY2016 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2016 dei Entity Registrant Name
EntityRegistrantName
CHINA AUTOMOTIVE SYSTEMS INC
CY2016 dei Entity Central Index Key
EntityCentralIndexKey
0001157762
CY2016 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2016 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2016 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2016 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2016 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2016Q2 dei Entity Public Float
EntityPublicFloat
24400000 USD
CY2016 dei Trading Symbol
TradingSymbol
CAAS
CY2017Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
31644004 shares
CY2016Q4 caas Advances Payable Current
AdvancesPayableCurrent
382000 USD
CY2015Q4 caas Advances Payable Current
AdvancesPayableCurrent
0 USD
CY2016Q4 us-gaap Long Term Loans Payable
LongTermLoansPayable
608000 USD
CY2015Q4 us-gaap Long Term Loans Payable
LongTermLoansPayable
0 USD
CY2016Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2015Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2016Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2015Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2016Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
80000000 shares
CY2015Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
80000000 shares
CY2016Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
32338302 shares
CY2015Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
32338302 shares
CY2016Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
694298 shares
CY2015Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
217283 shares
CY2016 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
39845000 USD
CY2015 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
38948000 USD
CY2016 us-gaap Related Party Costs
RelatedPartyCosts
27747000 USD
CY2015 us-gaap Related Party Costs
RelatedPartyCosts
25294000 USD
CY2016 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
698000 USD
CY2015 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
0 USD
CY2016 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
1953000 USD
CY2015 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
0 USD
CY2016 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
10556000 USD
CY2015 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
1636000 USD
CY2016 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1907000 USD
CY2015 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2016 us-gaap Noncontrolling Interest Decrease From Deconsolidation
NoncontrollingInterestDecreaseFromDeconsolidation
2150000 USD
CY2015 us-gaap Noncontrolling Interest Decrease From Deconsolidation
NoncontrollingInterestDecreaseFromDeconsolidation
0 USD
CY2015Q4 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
5000000 USD
CY2016 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
477015 shares
CY2016 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
1900000 USD
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
105000 shares
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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7.03
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
7.31
CY2015 caas Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Remaining Contractual Term2
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageRemainingContractualTerm2
P5Y
CY2015 caas Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period Weighted Average Remaining Contractual Term2
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriodWeightedAverageRemainingContractualTerm2
P5Y
CY2016 caas Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period Weighted Average Remaining Contractual Term2
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriodWeightedAverageRemainingContractualTerm2
P5Y
CY2016 caas Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Remaining Contractual Term2
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageRemainingContractualTerm2
P5Y
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
P5Y
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
P5Y
CY2016Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
112500 shares
CY2016Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
112500 shares
CY2016 caas Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercisable
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisable
100000 USD
CY2015 caas Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercisable
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisable
100000 USD
CY2015 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
100000 USD
CY2016Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
100000 USD
CY2015Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
100000 USD
CY2016Q4 caas Advances Payable
AdvancesPayable
700000 USD
CY2015Q4 caas Advances Payable
AdvancesPayable
1900000 USD
CY2016 us-gaap Use Of Estimates
UseOfEstimates
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><i><font style="FONT-SIZE: 10pt">Use of Estimates</font></i> <font style="FONT-SIZE: 10pt">- The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the dates of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. The Company is of the opinion that the significant estimates related to impairment of long term assets and investment, the realizable value of accounts receivable and inventories, useful lives of property, plant and equipment, the amounts of accruals, warranty liabilities and deferred tax assets and the determination of fair value of identifiable assets and liabilities acquired through business combinations. Actual results could differ from those estimates.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2012Q2 us-gaap Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
2017-05-12
CY2016 us-gaap Revenue Recognition Sales Of Goods
RevenueRecognitionSalesOfGoods
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><i><font style="FONT-SIZE: 10pt">Revenue from Product Sales Recognition</font></i> <font style="FONT-SIZE: 10pt"> - The Company recognizes revenue when the significant risks and rewards of ownership have been transferred to the customers including factors such as when persuasive evidence of an arrangement exists, delivery has occurred, the sales price is fixed or determinable, sales and value added tax laws have been complied with, and collectability is probable. The Company recognizes product sales generally at the time the product is installed on OEMs&#8217; production line, and a small number of product sales is recognized at the time the product is shipped. Concurrent with the recognition of revenue, the Company reduces revenue for estimated product returns. Revenue is presented net of any sales tax and value added tax.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2016 us-gaap Guarantees Indemnifications And Warranties Policies
GuaranteesIndemnificationsAndWarrantiesPolicies
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><i><font style="FONT-SIZE: 10pt">Product Warranties</font></i> <font style="FONT-SIZE: 10pt">- The Company provides for the estimated cost of product warranties when the products are sold. Such estimates of product warranties were based on, among other things, historical experience, product changes, material expenses, service and transportation expenses arising from the manufactured product. 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FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">2015</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div style="CLEAR:both;CLEAR: both">Balance at the beginning of year</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">23,059</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">25,011</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div style="CLEAR:both;CLEAR: both">Additions during the year<sup style="font-style:normal">(1)</sup></div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">16,522</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">9,758</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div style="CLEAR:both;CLEAR: both">Settlement within the year</div> </td> <td style="TEXT-ALIGN: left; 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BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">(10,179)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div style="CLEAR:both;CLEAR: both">Foreign currency translation</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">(1,575)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">(1,531)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="75%"> <div style="CLEAR:both;CLEAR: both">Balance at end of year</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">26,225</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">23,059</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> </table> </div> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt; size: 8.5in 11.0in"> <font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt; size: 8.5in 11.0in" align="justify"><font style="FONT-SIZE: 10pt">(1)&#160;&#160;In January 2017, the Company initiated two recalls related to the Company&#8217;s products. The Company has accrued anticipated costs for handling the recalls amounting to $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">5</font> million in warranty reserves for the year ended December 31, 2016.</font></div> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2016 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><i><font style="FONT-SIZE: 10pt">Concentration of Credit Risk</font></i> <font style="FONT-SIZE: 10pt">- Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of trade accounts receivable. The Company performs ongoing credit evaluations with respect to the financial condition of its debtors, but does not require collateral. In order to determine the value of the Company&#8217;s accounts receivable, the Company records a provision for doubtful accounts to cover probable credit losses. Management reviews and adjusts this allowance periodically based on historical experience and its evaluation of the collectability of outstanding accounts receivable.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
300000 USD
CY2016Q4 caas Deferred Tax Assets Temporary Difference On Revenue Recognition
DeferredTaxAssetsTemporaryDifferenceOnRevenueRecognition
191000 USD
CY2015Q4 caas Deferred Tax Assets Temporary Difference On Revenue Recognition
DeferredTaxAssetsTemporaryDifferenceOnRevenueRecognition
0 USD
CY2016 us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-1575000 USD
CY2015 us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-1531000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
300000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
300000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
300000 USD
CY2016Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
216073000 USD
CY2015Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
195368000 USD
CY2016Q4 us-gaap Time Deposits
TimeDeposits
39900000 CNY
CY2016Q4 us-gaap Time Deposits
TimeDeposits
5700000 USD
CY2016Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
4800000 USD
CY2016Q4 us-gaap Pledged Assets Not Separately Reported Finance Receivables
PledgedAssetsNotSeparatelyReportedFinanceReceivables
6000000 CNY
CY2016Q4 us-gaap Pledged Assets Not Separately Reported Finance Receivables
PledgedAssetsNotSeparatelyReportedFinanceReceivables
900000 USD
CY2015Q4 us-gaap Pledged Assets Not Separately Reported Finance Receivables
PledgedAssetsNotSeparatelyReportedFinanceReceivables
33000000 CNY
CY2015Q4 us-gaap Pledged Assets Not Separately Reported Finance Receivables
PledgedAssetsNotSeparatelyReportedFinanceReceivables
5100000 USD
CY2016Q4 us-gaap Notes Receivable Net
NotesReceivableNet
36000000 USD
CY2016Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
30000000 USD
CY2015Q4 caas Non Revolving Credit Facility
NonRevolvingCreditFacility
30000000 USD
CY2016 us-gaap Shipping Handling And Transportation Costs
ShippingHandlingAndTransportationCosts
6000000 USD
CY2015 us-gaap Shipping Handling And Transportation Costs
ShippingHandlingAndTransportationCosts
6000000 USD
CY2014Q2 caas Loan Receivable Term
LoanReceivableTerm
P5Y
CY2016 us-gaap Equity Method Investment Description Of Principal Activities
EquityMethodInvestmentDescriptionOfPrincipalActivities
Investments in corporations which the Company does not have the ability to exert significant influence are stated at cost (if they have no readily determinable fair value), and are reviewed periodically for realization; investments in corporations which the Company has the ability to exert significant influence are accounted for using the equity method.Investments in limited partnerships which the Company has virtually no influence are stated at cost (if they have no readily determinable fair value), and are reviewed periodically for realization; investments in limited partnerships which the Company has more than virtually no influence are accounted for using the equity method.
CY2016Q4 caas Floating Interest Rate Charges
FloatingInterestRateCharges
35000000 USD
CY2016Q4 caas Contractual Obligation Due After Third Year
ContractualObligationDueAfterThirdYear
0 USD
CY2016 us-gaap Product Warranty Expense
ProductWarrantyExpense
5000000 USD
CY2016 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
300000 USD
CY2015 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
200000 USD

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0001144204-17-017409.txt Edgar Link pending
0001144204-17-017409-xbrl.zip Edgar Link pending
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