2017 Q4 Form 10-K Financial Statement

#000114420418017693 Filed on March 29, 2018

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q2 2017
Revenue $143.7M $117.7M $499.1M
YoY Change -3.94% 16.48% 8.01%
Cost Of Revenue $127.3M $93.60M $414.4M
YoY Change -0.39% 12.95% 8.74%
Gross Profit $16.50M $24.06M $84.63M
YoY Change -24.31% 32.58% 4.59%
Gross Profit Margin 11.48% 20.45% 16.96%
Selling, General & Admin $12.30M $5.283M $19.54M
YoY Change 26.8% 34.02% 16.04%
% of Gross Profit 74.55% 21.96% 23.09%
Research & Development $9.900M $7.707M $33.54M
YoY Change 11.24% 28.73% 21.07%
% of Gross Profit 60.0% 32.03% 39.63%
Depreciation & Amortization $4.430M $3.600M $15.36M
YoY Change 38.44% 2.86% 10.28%
% of Gross Profit 26.85% 14.96% 18.15%
Operating Expenses $22.10M $17.55M $73.00M
YoY Change 18.82% 24.81% 18.3%
Operating Profit -$5.600M $11.07M $19.27M
YoY Change -275.0% 109.84% -16.28%
Interest Expense -$200.0K $644.0K $1.753M
YoY Change -200.0% 407.09% 167.23%
% of Operating Profit 5.82% 9.1%
Other Income/Expense, Net $600.0K $152.0K $200.0K
YoY Change -87.53% -60.0%
Pretax Income -$3.600M $11.13M $20.38M
YoY Change -170.59% 70.79% -18.19%
Income Tax -$800.0K $2.186M $41.63M
% Of Pretax Income 19.64% 204.33%
Net Earnings -$39.00M $8.921M -$19.35M
YoY Change -772.41% 66.31% -185.94%
Net Earnings / Revenue -27.14% 7.58% -3.88%
Basic Earnings Per Share $0.28 -$0.61
Diluted Earnings Per Share -$1.234M $0.28 -$0.61
COMMON SHARES
Basic Shares Outstanding 31.64M shares 31.64M
Diluted Shares Outstanding 31.65M shares 31.65M

Balance Sheet

Concept 2017 Q4 2017 Q2 2017
SHORT-TERM ASSETS
Cash & Short-Term Investments $94.10M $63.70M $94.10M
YoY Change 52.76% -10.78% 52.76%
Cash & Equivalents $64.56M $36.47M $64.60M
Short-Term Investments $29.60M $27.20M $29.60M
Other Short-Term Assets $65.10M $80.10M $65.10M
YoY Change 31.52% 88.47% 31.52%
Inventory $79.22M $65.47M $79.20M
Prepaid Expenses
Receivables $275.0M $289.0M $275.0M
Other Receivables $19.10M $18.40M $19.10M
Total Short-Term Assets $532.6M $516.8M $532.6M
YoY Change 11.43% 5.21% 9.61%
LONG-TERM ASSETS
Property, Plant & Equipment $126.0M $108.6M $126.0M
YoY Change 24.2% 25.31% 24.14%
Goodwill
YoY Change
Intangibles $661.0K $544.0K
YoY Change 7.13%
Long-Term Investments $27.60M $17.60M $27.60M
YoY Change 68.29% 89.25% 68.29%
Other Assets $28.30M $28.40M $28.30M
YoY Change 13.2% -18.16% 13.2%
Total Long-Term Assets $184.8M $157.3M $184.8M
YoY Change 20.18% 17.92% 26.75%
TOTAL ASSETS
Total Short-Term Assets $532.6M $516.8M $532.6M
Total Long-Term Assets $184.8M $157.3M $184.8M
Total Assets $717.4M $674.1M $717.4M
YoY Change 13.56% 7.92% 13.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $156.4M $139.1M $156.4M
YoY Change 7.94% 0.58% 7.94%
Accrued Expenses $40.13M $34.60M $24.40M
YoY Change 11.83% 41.22% -13.17%
Deferred Revenue
YoY Change
Short-Term Debt $300.0K $1.500M $156.6M
YoY Change -99.75% -98.8% 30.72%
Long-Term Debt Due $7.000M $4.800M
YoY Change 45.83%
Total Short-Term Liabilities $373.5M $346.2M $373.5M
YoY Change 15.03% 9.9% 14.96%
LONG-TERM LIABILITIES
Long-Term Debt $300.0K $0.00 $300.0K
YoY Change -50.0% -100.0% -50.0%
Other Long-Term Liabilities $33.10M $300.0K $33.10M
YoY Change 10933.33% -40.0% 10933.33%
Total Long-Term Liabilities $33.40M $300.0K $33.40M
YoY Change 3611.11% -50.0% 3611.11%
TOTAL LIABILITIES
Total Short-Term Liabilities $373.5M $346.2M $373.5M
Total Long-Term Liabilities $33.40M $300.0K $33.40M
Total Liabilities $411.2M $346.5M $417.9M
YoY Change 26.22% 7.96% 26.18%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $64.41M $64.31M
YoY Change -0.55% -0.49%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.907M $2.907M
YoY Change 0.0%
Treasury Stock Shares $694.3K 694.3K shares
Shareholders Equity $299.4M $321.8M $299.4M
YoY Change
Total Liabilities & Shareholders Equity $717.4M $674.1M $717.4M
YoY Change 13.56% 7.92% 13.57%

Cashflow Statement

Concept 2017 Q4 2017 Q2 2017
OPERATING ACTIVITIES
Net Income -$39.00M $8.921M -$19.35M
YoY Change -772.41% 66.31% -185.94%
Depreciation, Depletion And Amortization $4.430M $3.600M $15.36M
YoY Change 38.44% 2.86% 10.28%
Cash From Operating Activities $7.100M $19.73M $48.90M
YoY Change -668.0% -590.8% 313.52%
INVESTING ACTIVITIES
Capital Expenditures -$8.110M -$6.930M $27.10M
YoY Change -35.28% -20.16% -31.55%
Acquisitions
YoY Change
Other Investing Activities $11.25M -$2.720M -$20.02M
YoY Change 78.57% -47.89% 60.42%
Cash From Investing Activities $3.130M -$9.650M -$47.32M
YoY Change -150.24% -30.63% -9.41%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.900M -2.550M 28.46M
YoY Change -315.91% -249.12% 543.16%
NET CHANGE
Cash From Operating Activities 7.100M 19.73M 48.90M
Cash From Investing Activities 3.130M -9.650M -47.32M
Cash From Financing Activities -1.900M -2.550M 28.46M
Net Change In Cash 8.330M 7.530M 30.04M
YoY Change -226.21% -146.42% -183.5%
FREE CASH FLOW
Cash From Operating Activities $7.100M $19.73M $48.90M
Capital Expenditures -$8.110M -$6.930M $27.10M
Free Cash Flow $15.21M $26.66M $21.80M
YoY Change 34.84% 472.1% -178.54%

Facts In Submission

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CY2017 us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
-198000 USD
CY2017 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
623000 USD
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
137000 USD
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
100000 USD
CY2016 caas Increase Decrease In Advances Payable
IncreaseDecreaseInAdvancesPayable
-75000 USD
CY2017 caas Increase Decrease In Advances Payable
IncreaseDecreaseInAdvancesPayable
0 USD
CY2017 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
2168000 USD
CY2017 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
0 USD
CY2016 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
1953000 USD
CY2017 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
7629000 USD
CY2016 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
10556000 USD
CY2017 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2016 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1907000 USD
CY2017 us-gaap Interest Paid Net
InterestPaidNet
654000 USD
CY2016 us-gaap Interest Paid Net
InterestPaidNet
720000 USD
CY2016 us-gaap Income Taxes Paid
IncomeTaxesPaid
1838000 USD
CY2016 caas Property Plant Equipment Value Recorded For Which Advance Paid
PropertyPlantEquipmentValueRecordedForWhichAdvancePaid
22254000 USD
CY2017 caas Property Plant Equipment Value Recorded For Which Advance Paid
PropertyPlantEquipmentValueRecordedForWhichAdvancePaid
19879000 USD
CY2016 caas Account Payable For Acquiring Property Plant And Equipment
AccountPayableForAcquiringPropertyPlantAndEquipment
1349000 USD
CY2017 caas Account Payable For Acquiring Property Plant And Equipment
AccountPayableForAcquiringPropertyPlantAndEquipment
1180000 USD
CY2015Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
23059000 USD
CY2016Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
26225000 USD
CY2016 us-gaap Standard Product Warranty Accrual Additions From Business Acquisition
StandardProductWarrantyAccrualAdditionsFromBusinessAcquisition
16522000 USD
CY2017 us-gaap Standard Product Warranty Accrual Additions From Business Acquisition
StandardProductWarrantyAccrualAdditionsFromBusinessAcquisition
23354000 USD
CY2016 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
11781000 USD
CY2017 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
22034000 USD
CY2017Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
29033000 USD
CY2017 us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardProductWarrantyAccrualForeignCurrencyTranslationGainLoss
1488000 USD
CY2016 us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-1575000 USD
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
2200000 shares
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P10Y
CY2017Q4 us-gaap Shares Issued
SharesIssued
591350 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
1608650 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
112500 shares
CY2017Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
166889000 USD
CY2016Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
154403000 USD
CY2017Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
109183000 USD
CY2016Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
132409000 USD
CY2017Q4 caas Accounts And Notes Receivable Gross
AccountsAndNotesReceivableGross
276072000 USD
CY2016Q4 caas Accounts And Notes Receivable Gross
AccountsAndNotesReceivableGross
286812000 USD
CY2017Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1083000 USD
CY2016Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1081000 USD
CY2017Q4 us-gaap Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
294075000 USD
CY2016Q4 us-gaap Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
306715000 USD
CY2016Q4 us-gaap Notes Receivable Net
NotesReceivableNet
249900000 CNY
CY2016Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
30000000 USD
CY2017Q4 us-gaap Notes Receivable Net
NotesReceivableNet
258500000 CNY
CY2017Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
20000000 USD
CY2017Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
20033000 USD
CY2016Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
15007000 USD
CY2017Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
17951000 USD
CY2016Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
10852000 USD
CY2017Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
41233000 USD
CY2016Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
42191000 USD
CY2017 us-gaap Valuation Allowances And Reserves Adjustments
ValuationAllowancesAndReservesAdjustments
5100000 USD
CY2016 us-gaap Valuation Allowances And Reserves Adjustments
ValuationAllowancesAndReservesAdjustments
3200000 USD
CY2016 caas Amounts Provided For During Year Unrelated Parties
AmountsProvidedForDuringYearUnrelatedParties
4000 USD
CY2017 caas Amounts Provided For During Year Unrelated Parties
AmountsProvidedForDuringYearUnrelatedParties
41000 USD
CY2015Q4 caas Allowance For Doubtful Accounts Premiums And Other Receivables Unrelated Parties
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivablesUnrelatedParties
63000 USD
CY2016Q4 caas Allowance For Doubtful Accounts Premiums And Other Receivables Unrelated Parties
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivablesUnrelatedParties
63000 USD
CY2016 caas Foreign Currency Translation Unrelated Parties
ForeignCurrencyTranslationUnrelatedParties
4000 USD
CY2017 caas Foreign Currency Translation Unrelated Parties
ForeignCurrencyTranslationUnrelatedParties
-4000 USD
CY2017Q4 caas Allowance For Doubtful Accounts Premiums And Other Receivables Unrelated Parties
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivablesUnrelatedParties
108000 USD
CY2016 caas Amounts Reversed Of Collection During Year Unrelated Parties
AmountsReversedOfCollectionDuringYearUnrelatedParties
0 USD
CY2017 caas Amounts Reversed Of Collection During Year Unrelated Parties
AmountsReversedOfCollectionDuringYearUnrelatedParties
0 USD
CY2016Q4 caas Allowance For Doubtful Accounts Premiums And Other Receivables Related Parties
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivablesRelatedParties
559000 USD
CY2016 caas Amounts Provided For During Year Related Parties
AmountsProvidedForDuringYearRelatedParties
0 USD
CY2017 caas Amounts Provided For During Year Related Parties
AmountsProvidedForDuringYearRelatedParties
18000 USD
CY2016 caas Amounts Reversed Of Collection During Year Related Parties
AmountsReversedOfCollectionDuringYearRelatedParties
9000 USD
CY2017 caas Amounts Reversed Of Collection During Year Related Parties
AmountsReversedOfCollectionDuringYearRelatedParties
26000 USD
CY2016 caas Foreign Currency Translation Related Parties
ForeignCurrencyTranslationRelatedParties
39000 USD
CY2017 caas Foreign Currency Translation Related Parties
ForeignCurrencyTranslationRelatedParties
-34000 USD
CY2017Q4 caas Allowance For Doubtful Accounts Premiums And Other Receivables Related Parties
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivablesRelatedParties
585000 USD
CY2017Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
7000000 USD
CY2016Q4 us-gaap Pledged Assets Not Separately Reported Finance Receivables
PledgedAssetsNotSeparatelyReportedFinanceReceivables
6000000 CNY
CY2016 caas Income From Investment Of Affiliates
IncomeFromInvestmentOfAffiliates
600000 USD
CY2017Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
136119000 USD
CY2016Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
114595000 USD
CY2017 us-gaap Depreciation
Depreciation
14400000 USD
CY2016 us-gaap Depreciation
Depreciation
13600000 USD
CY2017Q4 us-gaap Pledged Assets Separately Reported Loans Pledged For Other Debt Obligations At Fair Value
PledgedAssetsSeparatelyReportedLoansPledgedForOtherDebtObligationsAtFairValue
57800000 USD
CY2017 caas Subsidy On Property Plant And Equipment Cost
SubsidyOnPropertyPlantAndEquipmentCost
500000 USD
CY2017Q4 us-gaap Finite Lived Patents Gross
FiniteLivedPatentsGross
2108000 USD
CY2016Q4 us-gaap Finite Lived Patents Gross
FiniteLivedPatentsGross
1986000 USD
CY2017Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
1441000 USD
CY2016Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
1165000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
3549000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
3151000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2888000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2534000 USD
CY2017Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
3580000 USD
CY2016Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
6216000 USD
CY2017Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Foreign
DeferredTaxAssetsOperatingLossCarryforwardsForeign
2178000 USD
CY2016Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Foreign
DeferredTaxAssetsOperatingLossCarryforwardsForeign
2887000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Warranty Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsWarrantyReserves
5264000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Warranty Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsWarrantyReserves
4766000 USD
CY2017Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
4607000 USD
CY2016Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
4204000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
156000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
247000 USD
CY2017Q4 caas Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Bonus
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsBonus
287000 USD
CY2016Q4 caas Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Bonus
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsBonus
231000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther
1535000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther
1551000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Other
DeferredTaxAssetsTaxDeferredExpenseOther
1353000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Other
DeferredTaxAssetsTaxDeferredExpenseOther
1206000 USD
CY2017Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
19425000 USD
CY2016Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
21499000 USD
CY2017Q4 caas Deferred Tax Assets Temporary Difference On Revenue Recognition
DeferredTaxAssetsTemporaryDifferenceOnRevenueRecognition
465000 USD
CY2016Q4 caas Deferred Tax Assets Temporary Difference On Revenue Recognition
DeferredTaxAssetsTemporaryDifferenceOnRevenueRecognition
191000 USD
CY2015Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
9379000 USD
CY2016Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
8912000 USD
CY2016 caas Provision For Valuation Allowance
ProvisionForValuationAllowance
401000 USD
CY2016 caas Valuation Allowance Recoveries
ValuationAllowanceRecoveries
698000 USD
CY2016 caas Valuation Allowance Foreign Currency Translation
ValuationAllowanceForeignCurrencyTranslation
-170000 USD
CY2017Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
6058000 USD
CY2017Q4 caas Accounts Payable Unrelated Parties
AccountsPayableUnrelatedParties
149200000 USD
CY2016Q4 caas Accounts Payable Unrelated Parties
AccountsPayableUnrelatedParties
138053000 USD
CY2017Q4 caas Notes Payable Unrelated Parties
NotesPayableUnrelatedParties
83848000 USD
CY2016Q4 caas Notes Payable Unrelated Parties
NotesPayableUnrelatedParties
78940000 USD
CY2017Q4 caas Accounts And Notes Payable Total
AccountsAndNotesPayableTotal
240216000 USD
CY2016Q4 caas Accounts And Notes Payable Total
AccountsAndNotesPayableTotal
223796000 USD
CY2017Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
7168000 USD
CY2016Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
6803000 USD
CY2017Q4 caas Accrued Expenses Current
AccruedExpensesCurrent
7944000 USD
CY2016Q4 caas Accrued Expenses Current
AccruedExpensesCurrent
8605000 USD
CY2017Q4 caas Accrued Interest Current
AccruedInterestCurrent
1347000 USD
CY2016Q4 caas Accrued Interest Current
AccruedInterestCurrent
88000 USD
CY2017Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1803000 USD
CY2016Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
964000 USD
CY2017Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
29033000 USD
CY2016Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
26225000 USD
CY2017Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
1813000 USD
CY2016Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
7662000 USD
CY2017Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
3450000 USD
CY2016Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
3390000 USD
CY2017Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
664000 USD
CY2016Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
622000 USD
CY2017Q4 caas Advances Payable
AdvancesPayable
700000 USD
CY2016Q4 caas Advances Payable
AdvancesPayable
700000 USD
CY2015Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
64627000 USD
CY2017 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
100000 USD
CY2017 caas Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercisable
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisable
100000 USD
CY2016 caas Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercisable
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisable
100000 USD
CY2017 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
100000 USD
CY2016 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
100000 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
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
7.03
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
22500 shares
CY2017 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 Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
6.95
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
5.04
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
112500 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
7.31
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
7.57
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
4.46
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
CY2017Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
100000 USD
CY2016Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
100000 USD
CY2017 caas Percentage Of Statutory Surplus Reserve
PercentageOfStatutorySurplusReserve
0.5 pure
CY2017 caas Statutory Accounting Practices Statutory Surplus Required Percentage
StatutoryAccountingPracticesStatutorySurplusRequiredPercentage
0.1 pure
CY2017 caas Statutory Accounting Practices Statutory Capital And Surplus Reserve
StatutoryAccountingPracticesStatutoryCapitalAndSurplusReserve
200000 USD
CY2016 caas Statutory Accounting Practices Statutory Capital And Surplus Reserve
StatutoryAccountingPracticesStatutoryCapitalAndSurplusReserve
200000 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 Minority Interest
MinorityInterest
8252000 USD
CY2017 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
608000 USD
CY2016 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
464000 USD
CY2017 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
645000 USD
CY2016 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
-692000 USD
CY2017 us-gaap Noncontrolling Interest Decrease From Deconsolidation
NoncontrollingInterestDecreaseFromDeconsolidation
0 USD
CY2016 us-gaap Noncontrolling Interest Decrease From Deconsolidation
NoncontrollingInterestDecreaseFromDeconsolidation
2150000 USD
CY2017 us-gaap Investment Income Interest
InvestmentIncomeInterest
3438000 USD
CY2016 us-gaap Investment Income Interest
InvestmentIncomeInterest
2080000 USD
CY2017 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-778000 USD
CY2016 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-46000 USD
CY2017 caas Handling Charge
HandlingCharge
480000 USD
CY2016 caas Handling Charge
HandlingCharge
609000 USD
CY2016 caas Gain Loss Of Note Discount Net
GainLossOfNoteDiscountNet
3000 USD
CY2017 caas Gain Loss Of Note Discount Net
GainLossOfNoteDiscountNet
0 USD
CY2017 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
CY2017 us-gaap Undistributed Earnings
UndistributedEarnings
294200000 USD
CY2016 us-gaap Undistributed Earnings
UndistributedEarnings
256100000 USD
CY2017 caas Tax Provision On Retained Earning Not Reinvested
TaxProvisionOnRetainedEarningNotReinvested
29400000 USD
CY2016 caas Tax Provision On Retained Earning Not Reinvested
TaxProvisionOnRetainedEarningNotReinvested
25600000 USD
CY2017 caas Increase In Income Tax Expense Benefit Percentage
IncreaseInIncomeTaxExpenseBenefitPercentage
0.25 pure
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35 pure
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35 pure
CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
7131000 USD
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
8716000 USD
CY2017 us-gaap Income Tax Reconciliation Deductions
IncomeTaxReconciliationDeductions
5328000 USD
CY2016 us-gaap Income Tax Reconciliation Deductions
IncomeTaxReconciliationDeductions
3969000 USD
CY2017 caas Income Tax Reconciliation Change In Foreign Tax Rate
IncomeTaxReconciliationChangeInForeignTaxRate
1830000 USD
CY2016 caas Income Tax Reconciliation Change In Foreign Tax Rate
IncomeTaxReconciliationChangeInForeignTaxRate
3367000 USD
CY2017 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
2507000 USD
CY2016 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
1570000 USD
CY2017 us-gaap Income Tax Reconciliation Tax Holidays
IncomeTaxReconciliationTaxHolidays
1830000 USD
CY2016 us-gaap Income Tax Reconciliation Tax Holidays
IncomeTaxReconciliationTaxHolidays
3367000 USD
CY2017 us-gaap Income Loss From Extraordinary Items Net Of Tax Per Basic Share
IncomeLossFromExtraordinaryItemsNetOfTaxPerBasicShare
0.06
CY2016 us-gaap Income Loss From Extraordinary Items Net Of Tax Per Basic Share
IncomeLossFromExtraordinaryItemsNetOfTaxPerBasicShare
0.11
CY2017 us-gaap Income Loss From Extraordinary Items Net Of Tax Per Diluted Share
IncomeLossFromExtraordinaryItemsNetOfTaxPerDilutedShare
0.06
CY2016 us-gaap Income Loss From Extraordinary Items Net Of Tax Per Diluted Share
IncomeLossFromExtraordinaryItemsNetOfTaxPerDilutedShare
0.11
CY2017 caas Minimum Percentage Of Profit Allocated To Foreign Investment
MinimumPercentageOfProfitAllocatedToForeignInvestment
0.1 pure
CY2017 caas Registered Capital Percentage
RegisteredCapitalPercentage
0.5 pure
CY2017Q4 us-gaap Due From Related Parties
DueFromRelatedParties
585000 USD
CY2016Q4 us-gaap Due From Related Parties
DueFromRelatedParties
559000 USD
CY2017Q4 caas Provisions For Bad Debts
ProvisionsForBadDebts
585000 USD
CY2016Q4 caas Provisions For Bad Debts
ProvisionsForBadDebts
559000 USD
CY2017Q4 caas Advances To Related Parties Net Noncurrent
AdvancesToRelatedPartiesNetNoncurrent
0 USD
CY2016Q4 caas Advances To Related Parties Net Noncurrent
AdvancesToRelatedPartiesNetNoncurrent
0 USD
CY2017Q4 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
24681000 USD
CY2017Q4 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
7064000 USD
CY2017Q4 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
0 USD
CY2017Q4 us-gaap Contractual Obligation
ContractualObligation
31745000 USD
CY2017Q4 caas Contractual Obligation Due After Third Year
ContractualObligationDueAfterThirdYear
0 USD
CY2016 us-gaap Sales Revenue Net
SalesRevenueNet
462050000 USD
CY2017 us-gaap Sales Revenue Net
SalesRevenueNet
499063000 USD
CY2017 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
33915000 USD
CY2016 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
32722000 USD
CY2017Q4 us-gaap Long Term Investments And Receivables Net
LongTermInvestmentsAndReceivablesNet
170739000 USD
CY2016Q4 us-gaap Long Term Investments And Receivables Net
LongTermInvestmentsAndReceivablesNet
144158000 USD
CY2017 dei Document Type
DocumentType
10-K
CY2017 dei Amendment Flag
AmendmentFlag
false
CY2017 dei Document Period End Date
DocumentPeriodEndDate
2017-12-31
CY2017 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2017
CY2017 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2017 dei Entity Registrant Name
EntityRegistrantName
CHINA AUTOMOTIVE SYSTEMS INC
CY2017 dei Entity Central Index Key
EntityCentralIndexKey
0001157762
CY2017 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2017 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2017 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2017 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2017 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2017Q2 dei Entity Public Float
EntityPublicFloat
40900000 USD
CY2017 dei Trading Symbol
TradingSymbol
CAAS
CY2018Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
31644004 shares
CY2017Q4 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
CY2017Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
80000000 shares
CY2016Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
80000000 shares
CY2017Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
32338302 shares
CY2016Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
32338302 shares
CY2017Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
694298 shares
CY2016Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
694298 shares
CY2017 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
37583000 USD
CY2016 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
39845000 USD
CY2017 us-gaap Related Party Costs
RelatedPartyCosts
28994000 USD
CY2016 us-gaap Related Party Costs
RelatedPartyCosts
27747000 USD
CY2017 us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
-458000 USD
CY2016 us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
0 USD
CY2016 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
0 USD
CY2016Q4 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
0 USD
CY2017Q4 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
32719000 USD
CY2017Q4 caas Long Term Government Loan
LongTermGovernmentLoan
306000 USD
CY2016Q4 caas Long Term Government Loan
LongTermGovernmentLoan
608000 USD
CY2016Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2017Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2015Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
18412000 USD
CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
-67000 USD
CY2016 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-19304000 USD
CY2017 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
18739000 USD
CY2017 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2893 shares
CY2016 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2645 shares
CY2017 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
35780000 USD
CY2016 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
20657000 USD
CY2017 us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
29044000 USD
CY2016 us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
0 USD
CY2017 us-gaap Proceeds From Collection Of Longterm Loans To Related Parties
ProceedsFromCollectionOfLongtermLoansToRelatedParties
10591000 USD
CY2016 us-gaap Proceeds From Collection Of Longterm Loans To Related Parties
ProceedsFromCollectionOfLongtermLoansToRelatedParties
0 USD
CY2017 caas Increase Decrease In Long Term Taxes Payable
IncreaseDecreaseInLongTermTaxesPayable
32719000 USD
CY2016 caas Increase Decrease In Long Term Taxes Payable
IncreaseDecreaseInLongTermTaxesPayable
0 USD
CY2017 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>
CY2017 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>
CY2017 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>
CY2017 caas Effective Income Tax Rate Reconciliation Transition Tax Amount
EffectiveIncomeTaxRateReconciliationTransitionTaxAmount
35564000 USD
CY2016 caas Effective Income Tax Rate Reconciliation Transition Tax Amount
EffectiveIncomeTaxRateReconciliationTransitionTaxAmount
0 USD
CY2017 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
700000 USD
CY2016 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
300000 USD
CY2017 us-gaap Shipping Handling And Transportation Costs
ShippingHandlingAndTransportationCosts
7400000 USD
CY2016 us-gaap Shipping Handling And Transportation Costs
ShippingHandlingAndTransportationCosts
6000000 USD
CY2017Q4 caas Floating Interest Rate Charges
FloatingInterestRateCharges
20600000 USD
CY2017 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.15 pure
CY2017 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.5 pure
CY2017 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.
CY2017Q4 us-gaap Time Deposits
TimeDeposits
13000000 CNY
CY2016Q4 us-gaap Time Deposits
TimeDeposits
39900000 CNY
CY2017Q4 us-gaap Time Deposits
TimeDeposits
2000000 USD
CY2016Q4 us-gaap Time Deposits
TimeDeposits
5700000 USD
CY2017Q4 caas Advance Payments And Others Unrelated Parties
AdvancePaymentsAndOthersUnrelatedParties
13801000 USD
CY2016Q4 caas Advance Payments And Others Unrelated Parties
AdvancePaymentsAndOthersUnrelatedParties
10203000 USD
CY2017Q4 caas Allowance For Doubtful Accounts Payable
AllowanceForDoubtfulAccountsPayable
-1011000 USD
CY2016Q4 caas Allowance For Doubtful Accounts Payable
AllowanceForDoubtfulAccountsPayable
0 USD
CY2017Q4 caas Advance Payments And Others To Unrelated Parties
AdvancePaymentsAndOthersToUnrelatedParties
12790000 USD
CY2016Q4 caas Advance Payments And Others To Unrelated Parties
AdvancePaymentsAndOthersToUnrelatedParties
10203000 USD
CY2017Q4 caas Advance Payments And Others
AdvancePaymentsAndOthers
33631000 USD
CY2016Q4 caas Advance Payments And Others
AdvancePaymentsAndOthers
10827000 USD
CY2017Q4 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
130000000 CNY
CY2017Q4 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
19900000 USD
CY2017 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
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
CY2017 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
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
4.84
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
3.71
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
22500 shares
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
15000 shares
CY2016 caas Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Expired In Period Weighted Average Remaining Contractual Term2
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpiredInPeriodWeightedAverageRemainingContractualTerm2
P5Y
CY2017 caas Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Expired In Period Weighted Average Remaining Contractual Term2
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpiredInPeriodWeightedAverageRemainingContractualTerm2
P5Y
CY2017Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
112500 shares
CY2017Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
112500 shares
CY2016 caas Acquisition Of Noncontrolling Interests
AcquisitionOfNoncontrollingInterests
0 USD
CY2017 caas Acquisition Of Noncontrolling Interests
AcquisitionOfNoncontrollingInterests
458000 USD
CY2017Q2 us-gaap Equity Method Investment Ownership Percentage
EquityMethodInvestmentOwnershipPercentage
0.1584 pure
CY2014Q2 caas Loan Receivable Term
LoanReceivableTerm
P5Y
CY2017Q4 us-gaap Pledged Assets Not Separately Reported Finance Receivables
PledgedAssetsNotSeparatelyReportedFinanceReceivables
6000000 CNY
CY2017Q4 us-gaap Pledged Assets Not Separately Reported Finance Receivables
PledgedAssetsNotSeparatelyReportedFinanceReceivables
900000 USD
CY2016Q4 us-gaap Pledged Assets Not Separately Reported Finance Receivables
PledgedAssetsNotSeparatelyReportedFinanceReceivables
900000 USD
CY2016Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
216073000 USD
CY2017Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
262152000 USD
CY2017 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
300000 USD
CY2016 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
300000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
200000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
200000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
100000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
100000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
100000 USD
CY2016Q4 caas Long Term Government Loan Noncurrent
LongTermGovernmentLoanNoncurrent
608000 USD
CY2017Q4 caas Long Term Government Loan Noncurrent
LongTermGovernmentLoanNoncurrent
306000 USD
CY2017Q4 caas Total Bank And Government Loan
TotalBankAndGovernmentLoan
73017000 USD
CY2016Q4 caas Total Bank And Government Loan
TotalBankAndGovernmentLoan
41428000 USD
CY2017Q4 us-gaap Notes Receivable Net
NotesReceivableNet
39600000 USD
CY2016Q4 us-gaap Notes Receivable Net
NotesReceivableNet
36000000 USD
CY2017Q4 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
CY2012Q2 us-gaap Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
2017-05-12
CY2017Q2 caas Non Revolving Credit Facility
NonRevolvingCreditFacility
10000000 USD
CY2017Q2 us-gaap Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
2018-04-25
CY2017Q2 us-gaap Line Of Credit Facility Interest Rate At Period End
LineOfCreditFacilityInterestRateAtPeriodEnd
0.027 pure
CY2017Q2 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
10000000 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
CY2017Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
20000000 USD
CY2017Q3 us-gaap Line Of Credit Facility Interest Rate At Period End
LineOfCreditFacilityInterestRateAtPeriodEnd
0.0150 pure
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
CY2017Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
10000000 CNY
CY2017Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
1500000 USD
CY2017Q2 us-gaap Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
2017-12-08
CY2017Q2 us-gaap Debt Instrument Collateral Amount
DebtInstrumentCollateralAmount
10000000 CNY
CY2017Q2 us-gaap Debt Instrument Collateral Amount
DebtInstrumentCollateralAmount
1500000 USD
CY2017Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
2000000 CNY
CY2017Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
300000 USD
CY2017 caas Description Of Withholding Tax Rate On Dividend
DescriptionOfWithholdingTaxRateOnDividend
According to the Mainland China and Hong Kong Taxation Arrangement, dividends paid by a foreign-invested enterprise in China to its direct holding company in Hong Kong would be subject to withholding tax at a rate of 10% if Genesis could not obtain the Hong Kong tax resident certificate from the Hong Kong Inland Revenue Department. If Genesis obtains the Hong Kong tax resident certificate, owns directly at least 25% of the shares of the foreign invested enterprise and is qualified as the beneficial owner, it could benefit from a lower rate of 5%.
CY2017Q4 us-gaap Line Of Credit Facility Interest Rate At Period End
LineOfCreditFacilityInterestRateAtPeriodEnd
0.0475 pure
CY2017Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
38646000 USD
CY2016Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
11674000 USD
CY2017 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"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>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; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="73%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; 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; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="12%" colspan="2"> <div style="CLEAR:both;CLEAR: both">2017</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" 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; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="12%" colspan="2"> <div style="CLEAR:both;CLEAR: both">2016</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; 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; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="73%"> <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; 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; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%"> <div style="CLEAR:both;CLEAR: both">26,225</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%"> <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; 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; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="73%"> <div style="CLEAR:both;CLEAR: both">Additions during the year</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; 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; 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: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="11%"> <div style="CLEAR:both;CLEAR: both">23,354</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; 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; 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: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="11%"> <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; 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; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="73%"> <div style="CLEAR:both;CLEAR: both">Settlement within the year</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; 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; 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; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="11%"> <div style="CLEAR:both;CLEAR: both">(22,034)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; 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; 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; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="11%"> <div style="CLEAR:both;CLEAR: both">(11,781)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; 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; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="73%"> <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; 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; 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; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="11%"> <div style="CLEAR:both;CLEAR: both">1,488</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; 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; 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; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="11%"> <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; 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; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="73%"> <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; 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; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%"> <div style="CLEAR:both;CLEAR: both">29,033</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%"> <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; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">&#160;</div> </td> </tr> </table> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2017 caas Increase Decrease In Allowance For Doubtful Accounts
IncreaseDecreaseInAllowanceForDoubtfulAccounts
-887000 USD
CY2016 caas Increase Decrease In Allowance For Doubtful Accounts
IncreaseDecreaseInAllowanceForDoubtfulAccounts
21000 USD
CY2017Q4 caas Onetime Transition Tax Payablenoncurren
OnetimeTransitionTaxPayablenoncurren
35600000 USD
CY2017Q4 caas Onetime Transition Tax Payablecurrent
OnetimeTransitionTaxPayablecurrent
2700000 USD
CY2016 caas Effective Income Tax Rate Reconciliationwithholding Tax Resulting From Distribution Of Dividends Amount
EffectiveIncomeTaxRateReconciliationwithholdingTaxResultingFromDistributionOfDividendsAmount
USD
CY2017 caas Effective Income Tax Rate Reconciliationwithholding Tax Resulting From Distribution Of Dividends Amount
EffectiveIncomeTaxRateReconciliationwithholdingTaxResultingFromDistributionOfDividendsAmount
3952000 USD
CY2017 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-2490000 USD
CY2016 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
0 USD

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