2017 Q3 Form 10-Q Financial Statement

#000114420417057418 Filed on November 09, 2017

View on sec.gov

Income Statement

Concept 2017 Q3 2016 Q4 2016 Q3
Revenue $118.4M $149.6M $94.63M
YoY Change 25.09% 24.56% 4.16%
Cost Of Revenue $95.88M $127.8M $74.64M
YoY Change 28.45% 27.93% -0.39%
Gross Profit $22.49M $21.80M $19.99M
YoY Change 12.52% 7.92% 25.6%
Gross Profit Margin 19.0% 14.57% 21.12%
Selling, General & Admin $4.390M $9.700M $3.741M
YoY Change 17.35% 0.0% 21.46%
% of Gross Profit 19.52% 44.5% 18.72%
Research & Development $9.194M $8.900M $6.723M
YoY Change 36.75% 93.48% 23.58%
% of Gross Profit 40.89% 40.83% 33.64%
Depreciation & Amortization $3.000M $3.200M $3.300M
YoY Change -9.09% -14.89% -2.94%
% of Gross Profit 13.34% 14.68% 16.51%
Operating Expenses $18.12M $18.60M $14.30M
YoY Change 26.68% 30.07% 20.82%
Operating Profit $4.919M $3.200M $5.703M
YoY Change -13.75% -45.76% 40.02%
Interest Expense $318.0K $200.0K $201.0K
YoY Change 58.21% -66.67% -59.88%
% of Operating Profit 6.46% 6.25% 3.52%
Other Income/Expense, Net $100.0K $0.00 $420.0K
YoY Change -76.19% -100.0% 320.0%
Pretax Income $5.728M $5.100M $6.722M
YoY Change -14.79% -35.44% 28.63%
Income Tax $991.0K -$900.0K $1.167M
% Of Pretax Income 17.3% -17.65% 17.36%
Net Earnings $5.059M $5.800M $5.682M
YoY Change -10.96% -15.94% 32.51%
Net Earnings / Revenue 4.27% 3.88% 6.0%
Basic Earnings Per Share $0.16 $0.18
Diluted Earnings Per Share $0.16 $183.0K $0.18
COMMON SHARES
Basic Shares Outstanding 31.64M shares 31.71M shares 31.91M shares
Diluted Shares Outstanding 31.64M shares 31.91M shares

Balance Sheet

Concept 2017 Q3 2016 Q4 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $79.20M $61.60M $78.40M
YoY Change 1.02% -32.23% -23.81%
Cash & Equivalents $55.38M $31.09M $39.06M
Short-Term Investments $23.80M $30.50M $39.30M
Other Short-Term Assets $82.20M $49.50M $39.40M
YoY Change 108.63% 14.32% -4.83%
Inventory $73.03M $68.05M $74.50M
Prepaid Expenses
Receivables $269.9M $285.7M $255.8M
Other Receivables $17.70M $21.00M $23.60M
Total Short-Term Assets $522.0M $478.0M $471.7M
YoY Change 10.66% 0.4% -2.8%
LONG-TERM ASSETS
Property, Plant & Equipment $115.3M $101.5M $94.10M
YoY Change 22.53% 20.59% 23.8%
Goodwill
YoY Change
Intangibles $512.0K $617.0K
YoY Change -77.91%
Long-Term Investments $25.30M $16.40M $15.20M
YoY Change 66.45% 164.52% 145.16%
Other Assets $29.40M $25.00M $28.90M
YoY Change 1.73% -26.47% 14.68%
Total Long-Term Assets $172.7M $153.7M $141.2M
YoY Change 22.34% 16.79% 23.18%
TOTAL ASSETS
Total Short-Term Assets $522.0M $478.0M $471.7M
Total Long-Term Assets $172.7M $153.7M $141.2M
Total Assets $694.7M $631.7M $612.9M
YoY Change 13.35% 3.95% 2.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $148.3M $144.9M $133.6M
YoY Change 11.0% 8.87% 12.27%
Accrued Expenses $32.88M $35.88M $22.10M
YoY Change 48.79% 14.34% -34.68%
Deferred Revenue
YoY Change
Short-Term Debt $2.900M $119.8M $116.3M
YoY Change -97.51% 7.64% -1.86%
Long-Term Debt Due $1.000M $4.800M $4.900M
YoY Change -79.59%
Total Short-Term Liabilities $354.8M $324.7M $299.5M
YoY Change 18.46% 8.87% 2.67%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $600.0K $700.0K
YoY Change -100.0%
Other Long-Term Liabilities $400.0K $300.0K $500.0K
YoY Change -20.0% -84.21% -75.0%
Total Long-Term Liabilities $400.0K $900.0K $1.200M
YoY Change -66.67% -52.63% -40.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $354.8M $324.7M $299.5M
Total Long-Term Liabilities $400.0K $900.0K $1.200M
Total Liabilities $355.1M $325.8M $306.2M
YoY Change 15.98% 8.46% 4.16%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $64.41M $64.77M $64.63M
YoY Change -0.34% 0.21% 0.16%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.907M $2.907M
YoY Change 190.7%
Treasury Stock Shares 694.3K shares 694.3K shares 476.5K shares
Shareholders Equity $333.4M $300.5M $306.7M
YoY Change
Total Liabilities & Shareholders Equity $694.7M $631.7M $612.9M
YoY Change 13.35% 3.95% 2.17%

Cashflow Statement

Concept 2017 Q3 2016 Q4 2016 Q3
OPERATING ACTIVITIES
Net Income $5.059M $5.800M $5.682M
YoY Change -10.96% -15.94% 32.51%
Depreciation, Depletion And Amortization $3.000M $3.200M $3.300M
YoY Change -9.09% -14.89% -2.94%
Cash From Operating Activities $19.71M -$1.250M $19.46M
YoY Change 1.28% -108.21% 103.77%
INVESTING ACTIVITIES
Capital Expenditures -$9.010M -$12.53M -$8.710M
YoY Change 3.44% -29.05% -16.97%
Acquisitions
YoY Change
Other Investing Activities -$1.980M $6.300M -$6.910M
YoY Change -71.35% 854.55% -189.97%
Cash From Investing Activities -$10.99M -$6.230M -$15.61M
YoY Change -29.6% -63.33% 455.52%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 5.400M 880.0K -2.400M
YoY Change -325.0% -128.03% -328.57%
NET CHANGE
Cash From Operating Activities 19.71M -1.250M 19.46M
Cash From Investing Activities -10.99M -6.230M -15.61M
Cash From Financing Activities 5.400M 880.0K -2.400M
Net Change In Cash 14.12M -6.600M 1.450M
YoY Change 873.79% 34.42% -81.39%
FREE CASH FLOW
Cash From Operating Activities $19.71M -$1.250M $19.46M
Capital Expenditures -$9.010M -$12.53M -$8.710M
Free Cash Flow $28.72M $11.28M $28.17M
YoY Change 1.95% -65.69% 40.57%

Facts In Submission

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us-gaap Payments For Repurchase Of Common Stock
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991000 USD
us-gaap Payments To Acquire Restricted Certificates Of Deposit
PaymentsToAcquireRestrictedCertificatesOfDeposit
5836000 USD
us-gaap Payments To Acquire Restricted Certificates Of Deposit
PaymentsToAcquireRestrictedCertificatesOfDeposit
0 USD
CY2017Q3 us-gaap Time Deposits
TimeDeposits
13900000 CNY
CY2017Q3 us-gaap Accounts Receivable Gross
AccountsReceivableGross
150696000 USD
CY2016Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
154403000 USD
CY2017Q3 us-gaap Notes Receivable Gross
NotesReceivableGross
120438000 USD
CY2016Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
132409000 USD
CY2017Q3 caas Accounts And Notes Receivable Gross
AccountsAndNotesReceivableGross
271134000 USD
CY2016Q4 caas Accounts And Notes Receivable Gross
AccountsAndNotesReceivableGross
286812000 USD
CY2017Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1191000 USD
CY2016Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1081000 USD
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287550000 USD
CY2016Q4 us-gaap Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
306715000 USD
CY2017Q3 us-gaap Notes Receivable Net
NotesReceivableNet
268300000 CNY
CY2017Q3 us-gaap Letters Of Credit Outstanding Amount
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23900000 USD
CY2016Q4 caas Non Revolving Credit Facility
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30000000 USD
CY2016Q4 us-gaap Notes Receivable Net
NotesReceivableNet
36000000 USD
CY2017Q3 caas Advance Payments And Others To Unrelated Parties
AdvancePaymentsAndOthersToUnrelatedParties
12235000 USD
CY2016Q4 caas Advance Payments And Others To Unrelated Parties
AdvancePaymentsAndOthersToUnrelatedParties
10203000 USD
CY2017Q3 us-gaap Due From Related Parties
DueFromRelatedParties
31397000 USD
CY2016Q4 us-gaap Due From Related Parties
DueFromRelatedParties
624000 USD
CY2017Q3 caas Advance Payments And Others
AdvancePaymentsAndOthers
43632000 USD
CY2016Q4 caas Advance Payments And Others
AdvancePaymentsAndOthers
10827000 USD
CY2017Q3 caas Allowance For Doubtful Accounts Payable
AllowanceForDoubtfulAccountsPayable
1072000 USD
CY2016Q4 caas Allowance For Doubtful Accounts Payable
AllowanceForDoubtfulAccountsPayable
0 USD
CY2016Q4 caas Advance Payments And Others To Unrelated Parties Gross
AdvancePaymentsAndOthersToUnrelatedPartiesGross
10203000 USD
CY2017Q3 caas Advance Payments And Others To Unrelated Parties Gross
AdvancePaymentsAndOthersToUnrelatedPartiesGross
13307000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1100000 USD
CY2017Q3 us-gaap Inventory Raw Materials
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16637000 USD
CY2016Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
15007000 USD
CY2017Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
17379000 USD
CY2016Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
10852000 USD
CY2017Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
39014000 USD
CY2016Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
42191000 USD
us-gaap Valuation Allowances And Reserves Adjustments
ValuationAllowancesAndReservesAdjustments
4400000 USD
us-gaap Valuation Allowances And Reserves Adjustments
ValuationAllowancesAndReservesAdjustments
2400000 USD
CY2014Q2 us-gaap Loans Assumed1
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7500000 USD
CY2017Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
1000000 USD
CY2016Q4 us-gaap Long Term Debt Current
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4800000 USD
CY2017Q3 us-gaap Pledged Assets Not Separately Reported Finance Receivables
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6000000 CNY
CY2016Q4 us-gaap Pledged Assets Not Separately Reported Finance Receivables
PledgedAssetsNotSeparatelyReportedFinanceReceivables
900000 USD
caas Income From Investment Of Affiliates
IncomeFromInvestmentOfAffiliates
500000 USD
CY2017Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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130115000 USD
CY2016Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
114595000 USD
CY2017Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
245417000 USD
CY2016Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
216073000 USD
CY2017Q3 us-gaap Pledged Assets Separately Reported Loans Pledged For Other Debt Obligations At Fair Value
PledgedAssetsSeparatelyReportedLoansPledgedForOtherDebtObligationsAtFairValue
25900000 USD
CY2016Q4 us-gaap Pledged Assets Separately Reported Loans Pledged For Other Debt Obligations At Fair Value
PledgedAssetsSeparatelyReportedLoansPledgedForOtherDebtObligationsAtFairValue
28500000 USD
CY2017Q3 us-gaap Depreciation
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3000000 USD
CY2016Q3 us-gaap Depreciation
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3300000 USD
us-gaap Depreciation
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10700000 USD
us-gaap Depreciation
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10400000 USD
CY2017Q3 us-gaap Interest Costs Capitalized
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200000 USD
CY2016Q3 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
100000 USD
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
500000 USD
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
200000 USD
CY2017Q3 us-gaap Finite Lived Patents Gross
FiniteLivedPatentsGross
2076000 USD
CY2016Q4 us-gaap Finite Lived Patents Gross
FiniteLivedPatentsGross
1986000 USD
CY2017Q3 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
1218000 USD
CY2016Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
1165000 USD
CY2017Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
3294000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
3151000 USD
CY2017Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2782000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2534000 USD
CY2017Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
100000 USD
CY2016Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
100000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
300000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
200000 USD
CY2017Q3 caas Deferred Tax Assets Net Of Revenue Recognition
DeferredTaxAssetsNetOfRevenueRecognition
20815000 USD
CY2016Q4 caas Deferred Tax Assets Net Of Revenue Recognition
DeferredTaxAssetsNetOfRevenueRecognition
21499000 USD
CY2017Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
9044000 USD
CY2016Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
8912000 USD
CY2017Q3 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
11771000 USD
CY2016Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
12587000 USD
CY2017Q3 caas Deferred Tax Assets Temporary Difference On Revenue Recognition
DeferredTaxAssetsTemporaryDifferenceOnRevenueRecognition
153000 USD
CY2016Q4 caas Deferred Tax Assets Temporary Difference On Revenue Recognition
DeferredTaxAssetsTemporaryDifferenceOnRevenueRecognition
191000 USD
CY2017Q3 caas Accounts Payable Unrelated Parties
AccountsPayableUnrelatedParties
142594000 USD
CY2016Q4 caas Accounts Payable Unrelated Parties
AccountsPayableUnrelatedParties
138053000 USD
CY2017Q3 caas Notes Payable Unrelated Parties
NotesPayableUnrelatedParties
82164000 USD
CY2016Q4 caas Notes Payable Unrelated Parties
NotesPayableUnrelatedParties
78940000 USD
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AccountsAndNotesPayableTotal
230507000 USD
CY2016Q4 caas Accounts And Notes Payable Total
AccountsAndNotesPayableTotal
223796000 USD
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7975000 USD
CY2016Q4 caas Accrued Expenses Current
AccruedExpensesCurrent
8605000 USD
CY2017Q3 caas Accrued Interest Current
AccruedInterestCurrent
953000 USD
CY2016Q4 caas Accrued Interest Current
AccruedInterestCurrent
88000 USD
CY2017Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2483000 USD
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OtherAccruedLiabilitiesCurrent
964000 USD
CY2017Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
20851000 USD
CY2016Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
26225000 USD
CY2016Q4 us-gaap Dividends Payable Current
DividendsPayableCurrent
0 USD
CY2017Q3 us-gaap Dividends Payable Current
DividendsPayableCurrent
621000 USD
CY2016 us-gaap Revenue Recognition Sales Returns Reserve For Sales Returns
RevenueRecognitionSalesReturnsReserveForSalesReturns
5000000 USD
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2000000 USD
CY2017Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
23898000 USD
CY2016Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
21238000 USD
CY2017Q3 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
4426000 USD
CY2016Q3 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
1693000 USD
CY2017Q3 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
6814000 USD
CY2016Q3 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
2378000 USD
CY2017Q3 us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-659000 USD
CY2016Q3 us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardProductWarrantyAccrualForeignCurrencyTranslationGainLoss
160000 USD
CY2017Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
20851000 USD
CY2016Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
20713000 USD
CY2016Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
26225000 USD
CY2015Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
23059000 USD
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
11182000 USD
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
5433000 USD
CY2016 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
16522000 USD
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
15423000 USD
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
8434000 USD
CY2016 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
11781000 USD
us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-1133000 USD
us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardProductWarrantyAccrualForeignCurrencyTranslationGainLoss
655000 USD
CY2016 us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-1575000 USD
CY2017Q3 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
2374000 USD
CY2016Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
7662000 USD
CY2017Q3 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
1019000 USD
CY2016Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
3390000 USD
CY2017Q3 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
407000 USD
CY2016Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
622000 USD
CY2016Q4 caas Advances Payable
AdvancesPayable
700000 USD
CY2017Q3 caas Advances Payable
AdvancesPayable
800000 USD
CY2015Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
64627000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
100000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
0 USD
CY2016 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
137000 USD
CY2016Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
64627000 USD
caas Acquisition Of Noncontrolling Interests
AcquisitionOfNoncontrollingInterests
458000 USD
caas Acquisition Of Noncontrolling Interests
AcquisitionOfNoncontrollingInterests
0 USD
CY2016 caas Acquisition Of Noncontrolling Interests
AcquisitionOfNoncontrollingInterests
0 USD
caas Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableGrantDateFairValue
100000 USD
CY2016 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
100000 USD
caas Statutory Accounting Practices Statutory Surplus Required Percentage
StatutoryAccountingPracticesStatutorySurplusRequiredPercentage
0.1 pure
caas Percentage Of Statutory Surplus Reserve
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0.5 pure
us-gaap Cumulative Effect On Retained Earnings Net Of Tax1
CumulativeEffectOnRetainedEarningsNetOfTax1
124000 USD
us-gaap Cumulative Effect On Retained Earnings Net Of Tax1
CumulativeEffectOnRetainedEarningsNetOfTax1
142000 USD
CY2016 us-gaap Cumulative Effect On Retained Earnings Net Of Tax1
CumulativeEffectOnRetainedEarningsNetOfTax1
170000 USD
CY2015Q4 us-gaap Retained Earnings Appropriated
RetainedEarningsAppropriated
10379000 USD
CY2016Q3 us-gaap Retained Earnings Appropriated
RetainedEarningsAppropriated
10521000 USD
CY2015Q4 us-gaap Retained Earnings Unappropriated
RetainedEarningsUnappropriated
206622000 USD
CY2016Q3 us-gaap Retained Earnings Unappropriated
RetainedEarningsUnappropriated
223235000 USD
CY2016 us-gaap Net Income Loss
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22511000 USD
CY2015Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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18412000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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-8128000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
13681000 USD
CY2016Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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10284000 USD
CY2016 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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-19304000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
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CY2015Q4 us-gaap Stock Repurchased During Period Value
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5000000 USD
CY2016 us-gaap Stock Repurchased During Period Shares
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477015 shares
CY2016 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
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1900000 USD
CY2015Q4 us-gaap Minority Interest
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8252000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
608000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
464000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
-307000 USD
CY2016Q3 us-gaap Minority Interest
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5495000 USD
us-gaap Noncontrolling Interest Decrease From Deconsolidation
NoncontrollingInterestDecreaseFromDeconsolidation
0 USD
us-gaap Noncontrolling Interest Decrease From Deconsolidation
NoncontrollingInterestDecreaseFromDeconsolidation
2150000 USD
CY2016 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
466000 USD
CY2016 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
464000 USD
CY2016 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
-692000 USD
CY2016 us-gaap Noncontrolling Interest Decrease From Deconsolidation
NoncontrollingInterestDecreaseFromDeconsolidation
2150000 USD
us-gaap Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
0 USD
CY2016 us-gaap Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
0 USD
us-gaap Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
458000 USD
us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossTaxPortionAttributableToNoncontrollingInterest
67000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
467000 USD
caas Increase Decrease In Gain Loss On Other Sale
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3900000 USD
us-gaap Investment Income Investment Expense
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2474000 USD
us-gaap Investment Income Investment Expense
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1777000 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-173000 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-30000 USD
caas Handling Charge
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-392000 USD
caas Handling Charge
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-480000 USD
caas Gain Loss Of Note Discount Net
GainLossOfNoteDiscountNet
3000 USD
caas Gain Loss Of Note Discount Net
GainLossOfNoteDiscountNet
0 USD
CY2008Q1 caas Withholding Tax Percentage Applicable To Foreign Investors As Non Resident Enterprises
WithholdingTaxPercentageApplicableToForeignInvestorsAsNonResidentEnterprises
0.1 pure
caas Withholding Tax Percentage Applicable To Foreign Investors To Direct Holding Company
WithholdingTaxPercentageApplicableToForeignInvestorsToDirectHoldingCompany
0.05 pure
us-gaap Undistributed Earnings
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266400000 USD
CY2016 us-gaap Undistributed Earnings
UndistributedEarnings
239800000 USD
caas Tax Provision On Retained Earning Not Reinvested
TaxProvisionOnRetainedEarningNotReinvested
13300000 USD
CY2016 caas Tax Provision On Retained Earning Not Reinvested
TaxProvisionOnRetainedEarningNotReinvested
12000000 USD
caas Percentage Owned In Holding Company To Avail Withholding Tax Of Five Percent
PercentageOwnedInHoldingCompanyToAvailWithholdingTaxOfFivePercent
0.25 pure
caas Increase In Income Tax Expense Benefit Percentage
IncreaseInIncomeTaxExpenseBenefitPercentage
0.182 pure
CY2017Q3 caas Increase In Income Tax Expense Benefit Percentage
IncreaseInIncomeTaxExpenseBenefitPercentage
0.173 pure
CY2016Q3 caas Increase In Income Tax Expense Benefit Percentage
IncreaseInIncomeTaxExpenseBenefitPercentage
0.174 pure
caas Increase In Income Tax Expense Benefit Percentage
IncreaseInIncomeTaxExpenseBenefitPercentage
0.173 pure
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
5059000 USD
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
5682000 USD
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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31644004 shares
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
31911360 shares
CY2017Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
267 shares
CY2016Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
362 shares
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
31644271 shares
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
31911722 shares
CY2016Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.18
CY2017Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.16
CY2016Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.18
CY2017Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.16
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
3829 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1581 shares
caas Minimum Percentage Of Profit Allocated To Foreign Investment
MinimumPercentageOfProfitAllocatedToForeignInvestment
0.1 pure
caas Registered Capital Percentage
RegisteredCapitalPercentage
0.5 pure
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
29182000 USD
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
0 USD
CY2017Q3 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
16496000 USD
CY2017Q3 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
11074000 USD
CY2017Q3 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
2530000 USD
CY2017Q3 us-gaap Contractual Obligation Due In Fourth Year
ContractualObligationDueInFourthYear
0 USD
CY2017Q3 caas Contractual Obligation Due After Third Year
ContractualObligationDueAfterThirdYear
0 USD
CY2017Q3 us-gaap Contractual Obligation
ContractualObligation
30100000 USD
CY2016Q3 us-gaap Sales Revenue Net
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94626000 USD
CY2017Q3 us-gaap Sales Revenue Net
SalesRevenueNet
118365000 USD
CY2016Q3 us-gaap Profit Loss
ProfitLoss
5859000 USD
CY2017Q3 us-gaap Profit Loss
ProfitLoss
5228000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
312497000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
355333000 USD
CY2017Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
118365000 USD
CY2016Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
94626000 USD
CY2017Q3 us-gaap Cost Of Goods Sold
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95878000 USD
CY2016Q3 us-gaap Cost Of Goods Sold
CostOfGoodsSold
74641000 USD
CY2017Q3 us-gaap Gross Profit
GrossProfit
22487000 USD
CY2016Q3 us-gaap Gross Profit
GrossProfit
19985000 USD
CY2017Q3 caas Gain Loss On Other Sales
GainLossOnOtherSales
553000 USD
CY2016Q3 caas Gain Loss On Other Sales
GainLossOnOtherSales
22000 USD
CY2017Q3 us-gaap Selling Expense
SellingExpense
4537000 USD
CY2016Q3 us-gaap Selling Expense
SellingExpense
3840000 USD
CY2017Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
4390000 USD
CY2016Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
3741000 USD
CY2017Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
9194000 USD
CY2016Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
6723000 USD
CY2017Q3 us-gaap Operating Expenses
OperatingExpenses
18121000 USD
CY2016Q3 us-gaap Operating Expenses
OperatingExpenses
14304000 USD
CY2017Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
4919000 USD
CY2016Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
5703000 USD
CY2017Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
100000 USD
CY2016Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
420000 USD
CY2017Q3 us-gaap Interest Expense
InterestExpense
318000 USD
CY2016Q3 us-gaap Interest Expense
InterestExpense
201000 USD
CY2017Q3 caas Finance Income Expenses Net
FinanceIncomeExpensesNet
1027000 USD
CY2016Q3 caas Finance Income Expenses Net
FinanceIncomeExpensesNet
800000 USD
CY2017Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
5728000 USD
CY2016Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
6722000 USD
CY2017Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
991000 USD
CY2016Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1167000 USD
CY2017Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
491000 USD
CY2016Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
304000 USD
CY2017Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
169000 USD
CY2016Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
177000 USD
CY2017Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
6705000 USD
CY2016Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-2139000 USD
CY2017Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
11933000 USD
CY2016Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
3720000 USD
CY2017Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
386000 USD
CY2016Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
119000 USD
CY2017Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
11547000 USD
CY2016Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
3601000 USD
CY2017Q3 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
7563000 USD
CY2016Q3 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
9950000 USD
CY2017Q3 us-gaap Related Party Costs
RelatedPartyCosts
6549000 USD
CY2016Q3 us-gaap Related Party Costs
RelatedPartyCosts
5869000 USD
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
25684000 USD
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
28589000 USD
us-gaap Related Party Costs
RelatedPartyCosts
20195000 USD
us-gaap Related Party Costs
RelatedPartyCosts
18912000 USD
CY2016Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2017Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2016Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2017Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
80000000 shares
CY2016Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
80000000 shares
CY2017Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
32338302 shares
CY2016Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
32338302 shares
CY2017Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
694298 shares
CY2016Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
694298 shares
us-gaap Share Based Compensation
ShareBasedCompensation
100000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
0 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
0 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
464000 USD
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
-159000 USD
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
-2382000 USD
us-gaap Cash Divested From Deconsolidation
CashDivestedFromDeconsolidation
1063000 USD
CY2017Q3 us-gaap Time Deposits
TimeDeposits
2100000 USD
CY2017Q3 us-gaap Notes Receivable Net
NotesReceivableNet
40400000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0 USD
caas Income From Investment Of Affiliates
IncomeFromInvestmentOfAffiliates
600000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
100000 USD
us-gaap Interest Paid Net
InterestPaidNet
573000 USD
us-gaap Interest Paid Net
InterestPaidNet
219000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
4343000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
1396000 USD
us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
12331000 USD
us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
12771000 USD
caas Account Payable For Acquiring Property Plant And Equipment
AccountPayableForAcquiringPropertyPlantAndEquipment
890000 USD
caas Account Payable For Acquiring Property Plant And Equipment
AccountPayableForAcquiringPropertyPlantAndEquipment
844000 USD
caas Dividend Payable To Noncontrolling Interest Shareholders Of Joint Ventures
DividendPayableToNoncontrollingInterestShareholdersOfJointVentures
621000 USD
caas Dividend Payable To Noncontrolling Interest Shareholders Of Joint Ventures
DividendPayableToNoncontrollingInterestShareholdersOfJointVentures
0 USD
CY2016Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
170000000 CNY
CY2016Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
25600000 USD
CY2016Q3 us-gaap Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
2017-09-26
CY2017Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
20000000 CNY
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
0 USD
CY2016 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
0 USD
caas Percentage Owned In Holding Company To Avail Withholding Tax Of Five Percent
PercentageOwnedInHoldingCompanyToAvailWithholdingTaxOfFivePercent
0.25 pure
CY2017Q3 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.047 pure
CY2016Q4 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.052 pure
CY2017Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
3000000 USD
CY2017Q3 us-gaap Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
2018-08-16
CY2017Q3 us-gaap Debt Instrument Collateral Amount
DebtInstrumentCollateralAmount
20000000 CNY
CY2017Q3 us-gaap Debt Instrument Collateral Amount
DebtInstrumentCollateralAmount
3000000 USD
CY2016 caas Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableGrantDateFairValue
100000 USD
CY2017Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
10000000 CNY
CY2017Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
1500000 USD

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