2018 Q2 Form 10-Q Financial Statement

#000114420418043064 Filed on August 09, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $125.8M $117.7M
YoY Change 6.9% 16.48%
Cost Of Revenue $108.8M $93.60M
YoY Change 16.2% 12.95%
Gross Profit $17.02M $24.06M
YoY Change -29.26% 32.58%
Gross Profit Margin 13.53% 20.45%
Selling, General & Admin $4.442M $5.283M
YoY Change -15.92% 34.02%
% of Gross Profit 26.1% 21.96%
Research & Development $8.085M $7.707M
YoY Change 4.9% 28.73%
% of Gross Profit 47.5% 32.03%
Depreciation & Amortization $4.600M $3.600M
YoY Change 27.78% 2.86%
% of Gross Profit 27.03% 14.96%
Operating Expenses $17.41M $17.55M
YoY Change -0.75% 24.81%
Operating Profit $584.0K $11.07M
YoY Change -94.72% 109.84%
Interest Expense $801.0K $644.0K
YoY Change 24.38% 407.09%
% of Operating Profit 137.16% 5.82%
Other Income/Expense, Net $600.0K $152.0K
YoY Change 294.74% -87.53%
Pretax Income $1.280M $11.13M
YoY Change -88.5% 70.79%
Income Tax $202.0K $2.186M
% Of Pretax Income 15.78% 19.64%
Net Earnings $847.0K $8.921M
YoY Change -90.51% 66.31%
Net Earnings / Revenue 0.67% 7.58%
Basic Earnings Per Share $0.03 $0.28
Diluted Earnings Per Share $0.03 $0.28
COMMON SHARES
Basic Shares Outstanding 31.64M shares 31.64M shares
Diluted Shares Outstanding 31.65M shares 31.65M shares

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $85.60M $63.70M
YoY Change 34.38% -10.78%
Cash & Equivalents $58.68M $36.47M
Short-Term Investments $26.90M $27.20M
Other Short-Term Assets $40.30M $80.10M
YoY Change -49.69% 88.47%
Inventory $90.59M $65.47M
Prepaid Expenses
Receivables $262.7M $289.0M
Other Receivables $20.90M $18.40M
Total Short-Term Assets $500.0M $516.8M
YoY Change -3.24% 5.21%
LONG-TERM ASSETS
Property, Plant & Equipment $131.1M $108.6M
YoY Change 20.67% 25.31%
Goodwill
YoY Change
Intangibles $549.0K $544.0K
YoY Change 0.92%
Long-Term Investments $33.50M $17.60M
YoY Change 90.34% 89.25%
Other Assets $26.90M $28.40M
YoY Change -5.28% -18.16%
Total Long-Term Assets $193.0M $157.3M
YoY Change 22.68% 17.92%
TOTAL ASSETS
Total Short-Term Assets $500.0M $516.8M
Total Long-Term Assets $193.0M $157.3M
Total Assets $693.0M $674.1M
YoY Change 2.81% 7.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $150.8M $139.1M
YoY Change 8.41% 0.58%
Accrued Expenses $41.50M $34.60M
YoY Change 19.95% 41.22%
Deferred Revenue
YoY Change
Short-Term Debt $125.7M $1.500M
YoY Change 8280.0% -98.8%
Long-Term Debt Due $4.800M
YoY Change
Total Short-Term Liabilities $341.1M $346.2M
YoY Change -1.48% 9.9%
LONG-TERM LIABILITIES
Long-Term Debt $300.0K $0.00
YoY Change -100.0%
Other Long-Term Liabilities $41.10M $300.0K
YoY Change 13600.0% -40.0%
Total Long-Term Liabilities $41.40M $300.0K
YoY Change 13700.0% -50.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $341.1M $346.2M
Total Long-Term Liabilities $41.40M $300.0K
Total Liabilities $386.6M $346.5M
YoY Change 11.56% 7.96%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $64.41M $64.31M
YoY Change 0.16% -0.49%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.907M $2.907M
YoY Change 0.0%
Treasury Stock Shares 694.3K shares 694.3K shares
Shareholders Equity $300.4M $321.8M
YoY Change
Total Liabilities & Shareholders Equity $693.0M $674.1M
YoY Change 2.81% 7.92%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $847.0K $8.921M
YoY Change -90.51% 66.31%
Depreciation, Depletion And Amortization $4.600M $3.600M
YoY Change 27.78% 2.86%
Cash From Operating Activities $2.040M $19.73M
YoY Change -89.66% -590.8%
INVESTING ACTIVITIES
Capital Expenditures -$9.110M -$6.930M
YoY Change 31.46% -20.16%
Acquisitions
YoY Change
Other Investing Activities -$19.75M -$2.720M
YoY Change 626.1% -47.89%
Cash From Investing Activities -$28.86M -$9.650M
YoY Change 199.07% -30.63%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 6.010M -2.550M
YoY Change -335.69% -249.12%
NET CHANGE
Cash From Operating Activities 2.040M 19.73M
Cash From Investing Activities -28.86M -9.650M
Cash From Financing Activities 6.010M -2.550M
Net Change In Cash -20.81M 7.530M
YoY Change -376.36% -146.42%
FREE CASH FLOW
Cash From Operating Activities $2.040M $19.73M
Capital Expenditures -$9.110M -$6.930M
Free Cash Flow $11.15M $26.66M
YoY Change -58.18% 472.1%

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CY2017Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
23898000 USD
CY2018Q2 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
40282000 USD
CY2017Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
38646000 USD
CY2018Q2 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
29874000 USD
CY2017Q4 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
32719000 USD
us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-414000 USD
us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-475000 USD
CY2017 us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardProductWarrantyAccrualForeignCurrencyTranslationGainLoss
1488000 USD
CY2018Q2 us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-1540000 USD
CY2017Q2 us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-331000 USD
CY2018Q2 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
6913000 USD
CY2017Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
7168000 USD
CY2018Q2 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
4643000 USD
CY2017Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
4607000 USD
CY2018Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
3505000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
3549000 USD
CY2014Q2 us-gaap Loans Assumed1
LoansAssumed1
7600000 USD
caas Increase Decrease In Allowance For Doubtful Accounts
IncreaseDecreaseInAllowanceForDoubtfulAccounts
-242000 USD
caas Increase Decrease In Allowance For Doubtful Accounts
IncreaseDecreaseInAllowanceForDoubtfulAccounts
-1008000 USD
CY2018Q2 us-gaap Accounts Notes And Loans Receivable Net Current
AccountsNotesAndLoansReceivableNetCurrent
262733000 USD
CY2017Q4 us-gaap Accounts Notes And Loans Receivable Net Current
AccountsNotesAndLoansReceivableNetCurrent
274989000 USD
CY2018Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
3301 shares
CY2017Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
5318 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1651 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
5611 shares
CY2018Q2 us-gaap Retained Earnings Appropriated
RetainedEarningsAppropriated
10830000 USD
CY2017Q2 us-gaap Retained Earnings Appropriated
RetainedEarningsAppropriated
10673000 USD
us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossTaxPortionAttributableToNoncontrollingInterest
0 USD
us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossTaxPortionAttributableToNoncontrollingInterest
67000 USD
CY2017 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossTaxPortionAttributableToNoncontrollingInterest
67000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0179 pure
CY2018Q2 caas Advance Payments And Others
AdvancePaymentsAndOthers
13470000 USD
CY2017Q4 caas Advance Payments And Others
AdvancePaymentsAndOthers
33631000 USD
CY2018Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2956000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2888000 USD
CY2018Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
172000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
156000 USD
CY2018Q2 caas Accounts And Notes Payable Total
AccountsAndNotesPayableTotal
219349000 USD
CY2018Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1274000 USD
CY2017Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1803000 USD
dei Document Period End Date
DocumentPeriodEndDate
2018-06-30
CY2018Q2 us-gaap Notes Receivable Net
NotesReceivableNet
39200000 USD
CY2017Q4 us-gaap Notes Receivable Net
NotesReceivableNet
39600000 USD
CY2017 us-gaap Proceeds From Collection Of Longterm Loans To Related Parties
ProceedsFromCollectionOfLongtermLoansToRelatedParties
19900000 CNY
us-gaap Proceeds From Collection Of Longterm Loans To Related Parties
ProceedsFromCollectionOfLongtermLoansToRelatedParties
130000000 CNY
caas Increase Decrease In Gain Loss On Other Sale
IncreaseDecreaseInGainLossOnOtherSale
2800000 USD
caas Increase Decrease In Gain Loss On Other Sale
IncreaseDecreaseInGainLossOnOtherSale
2200000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
-64000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
249000 USD
CY2018Q2 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
0 CNY
CY2018Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
142784000 USD
CY2017Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
136119000 USD
CY2018Q2 us-gaap Depreciation
Depreciation
4600000 USD
CY2017Q2 us-gaap Depreciation
Depreciation
3600000 USD
CY2017 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
645000 USD
CY2018Q2 us-gaap Selling Expense
SellingExpense
4887000 USD
CY2017Q2 us-gaap Selling Expense
SellingExpense
4555000 USD
us-gaap Selling Expense
SellingExpense
10714000 USD
us-gaap Selling Expense
SellingExpense
8623000 USD
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
31645655 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
31649615 shares
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
31647305 shares
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
31649322 shares
CY2018Q2 caas Accounts And Notes Receivable Net Related Parties
AccountsAndNotesReceivableNetRelatedParties
20826000 USD
CY2017Q4 caas Accounts And Notes Receivable Net Related Parties
AccountsAndNotesReceivableNetRelatedParties
19086000 USD
us-gaap Inventory Write Down
InventoryWriteDown
3456000 USD
us-gaap Inventory Write Down
InventoryWriteDown
2101000 USD
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2018
CY2018Q2 caas Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Bonus
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsBonus
210000 USD
CY2017Q4 caas Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Bonus
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsBonus
287000 USD
CY2018Q2 us-gaap Short Term Bank Loans And Notes Payable
ShortTermBankLoansAndNotesPayable
57073000 USD
CY2017Q4 us-gaap Short Term Bank Loans And Notes Payable
ShortTermBankLoansAndNotesPayable
72711000 USD
CY2018Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
549000 USD
CY2017Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
661000 USD
CY2018Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
273884000 USD
CY2017Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
262152000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-231000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
971000 USD
CY2018Q2 us-gaap Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
283559000 USD
CY2017Q4 us-gaap Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
294075000 USD
CY2018Q2 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
28618000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
8866000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
9637000 USD
CY2018Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
4442000 USD
CY2017Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
5283000 USD
CY2018Q2 us-gaap Minority Interest
MinorityInterest
5948000 USD
CY2017Q2 us-gaap Minority Interest
MinorityInterest
5762000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00 pure
us-gaap Depreciation
Depreciation
8800000 USD
us-gaap Depreciation
Depreciation
7700000 USD
CY2018Q2 caas Long Term Government Loan Non Current
LongTermGovernmentLoanNonCurrent
302000 USD
CY2017Q4 caas Long Term Government Loan Non Current
LongTermGovernmentLoanNonCurrent
306000 USD
CY2018Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther
1302000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther
1535000 USD
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
CY2017Q2 us-gaap Equity Method Investment Ownership Percentage
EquityMethodInvestmentOwnershipPercentage
0.1584 pure
CY2018Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
8085000 USD
CY2017Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
7707000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
16392000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
14472000 USD
CY2018Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
12464000 USD
CY2017Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
12790000 USD
CY2018Q2 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
14045000 USD
CY2018Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
584000 USD
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.03
CY2017Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.28
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.16
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.46
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
503000 USD
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-11000 USD
dei Entity Registrant Name
EntityRegistrantName
CHINA AUTOMOTIVE SYSTEMS INC
CY2018Q2 caas Deferred Tax Assets Temporary Difference On Revenue Recognition
DeferredTaxAssetsTemporaryDifferenceOnRevenueRecognition
350000 USD
CY2017Q4 caas Deferred Tax Assets Temporary Difference On Revenue Recognition
DeferredTaxAssetsTemporaryDifferenceOnRevenueRecognition
465000 USD
CY2018Q2 caas Total Bank And Government Loan
TotalBankAndGovernmentLoan
57375000 USD
CY2017Q4 caas Total Bank And Government Loan
TotalBankAndGovernmentLoan
73017000 USD
CY2018Q2 us-gaap Pledged Assets Separately Reported Loans Pledged For Other Debt Obligations At Fair Value
PledgedAssetsSeparatelyReportedLoansPledgedForOtherDebtObligationsAtFairValue
57000000 USD
CY2017Q4 us-gaap Pledged Assets Separately Reported Loans Pledged For Other Debt Obligations At Fair Value
PledgedAssetsSeparatelyReportedLoansPledgedForOtherDebtObligationsAtFairValue
57800000 USD
CY2018Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
131100000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
126033000 USD
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-9000 USD
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
2202000 USD
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.16
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.46
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.03
CY2017Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.28
CY2018Q2 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
2297000 USD
CY2018Q2 caas Advance Payments And Others Related Parties
AdvancePaymentsAndOthersRelatedParties
1006000 USD
CY2017Q4 caas Advance Payments And Others Related Parties
AdvancePaymentsAndOthersRelatedParties
20841000 USD
us-gaap Operating Expenses
OperatingExpenses
35972000 USD
us-gaap Operating Expenses
OperatingExpenses
32732000 USD
CY2018Q2 us-gaap Operating Expenses
OperatingExpenses
17414000 USD
CY2017Q2 us-gaap Operating Expenses
OperatingExpenses
17545000 USD
caas Minimum Percentage Of Profit Allocated To Foreign Investment
MinimumPercentageOfProfitAllocatedToForeignInvestment
0.1 pure
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
300000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
100000 USD
CY2018Q2 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
200000 USD
CY2017Q2 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
200000 USD
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
400000 USD
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
300000 USD
CY2018Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Other
DeferredTaxAssetsTaxDeferredExpenseOther
1439000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Other
DeferredTaxAssetsTaxDeferredExpenseOther
1353000 USD
dei Entity Central Index Key
EntityCentralIndexKey
0001157762
caas Registered Capital Percentage
RegisteredCapitalPercentage
0.5 pure
CY2017Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
11071000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
5178000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
18301000 USD
CY2018Q2 us-gaap Contractual Obligation Due In Fourth Year
ContractualObligationDueInFourthYear
0 USD
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2018Q2 caas Deferred Tax Assets Net Of Revenue Recognition
DeferredTaxAssetsNetOfRevenueRecognition
19574000 USD
CY2017Q4 caas Deferred Tax Assets Net Of Revenue Recognition
DeferredTaxAssetsNetOfRevenueRecognition
19425000 USD
CY2018Q2 caas Contractual Obligation Due After Third Year
ContractualObligationDueAfterThirdYear
0 USD
CY2018Q2 us-gaap Assets Current
AssetsCurrent
500010000 USD
CY2017Q4 us-gaap Assets Current
AssetsCurrent
532603000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1221000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-102000 USD
CY2018Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
600000 USD
CY2017Q2 us-gaap Profit Loss
ProfitLoss
8881000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
790000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3376000 USD
CY2017Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
152000 USD
caas Statutory Accounting Practices Statutory Surplus Required Percentage
StatutoryAccountingPracticesStatutorySurplusRequiredPercentage
0.1 pure
CY2018Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
6304000 USD
CY2017Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
6058000 USD
dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2018Q2 us-gaap Interest Expense
InterestExpense
801000 USD
CY2017Q2 us-gaap Interest Expense
InterestExpense
644000 USD
us-gaap Interest Expense
InterestExpense
1216000 USD
us-gaap Interest Expense
InterestExpense
875000 USD
CY2018Q2 us-gaap Contractual Obligation
ContractualObligation
44960000 USD
dei Trading Symbol
TradingSymbol
CAAS
CY2018Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
13270000 USD
CY2017Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
13367000 USD
CY2017 caas Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableGrantDateFairValue
100000 USD
us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
-6644000 USD
us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
-6570000 USD
CY2018Q2 caas Finance Income Expenses Net
FinanceIncomeExpensesNet
897000 USD
CY2017Q2 caas Finance Income Expenses Net
FinanceIncomeExpensesNet
550000 USD
caas Percentage Of Statutory Surplus Reserve
PercentageOfStatutorySurplusReserve
0.5 pure
CY2018Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
31644004 shares
CY2017 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
100000 USD
CY2018Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
1280000 USD
CY2017Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
11129000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
5315000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
18206000 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
1374000 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-1241000 USD
CY2018Q2 us-gaap Nontrade Receivables Noncurrent
NontradeReceivablesNoncurrent
945000 USD
CY2017Q4 us-gaap Nontrade Receivables Noncurrent
NontradeReceivablesNoncurrent
2188000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
16062000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-2104000 USD
CY2018Q2 us-gaap Profit Loss
ProfitLoss
996000 USD
CY2018Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
202000 USD
CY2017Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2186000 USD
caas Income From Investment Of Affiliates
IncomeFromInvestmentOfAffiliates
500000 USD
caas Income From Investment Of Affiliates
IncomeFromInvestmentOfAffiliates
10000 USD
CY2018Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-82000 USD
CY2017Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-62000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
503000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-11000 USD
CY2018Q2 caas Advance Payments For Property Plant And Equipment
AdvancePaymentsForPropertyPlantAndEquipment
6971000 USD
CY2017Q4 caas Advance Payments For Property Plant And Equipment
AdvancePaymentsForPropertyPlantAndEquipment
9657000 USD
CY2018Q1 us-gaap Capital
Capital
11500000 CNY
CY2018Q2 us-gaap Capital
Capital
5700000 CNY
CY2016Q4 us-gaap Capital
Capital
500000 USD
CY2016Q2 us-gaap Capital
Capital
18100000 USD
CY2018Q2 us-gaap Capital
Capital
12700000 USD
CY2014Q3 us-gaap Capital
Capital
7600000 USD
CY2018Q2 caas Advance Payments For Property Plant And Equipment Related Parties
AdvancePaymentsForPropertyPlantAndEquipmentRelatedParties
6672000 USD
CY2017Q4 caas Advance Payments For Property Plant And Equipment Related Parties
AdvancePaymentsForPropertyPlantAndEquipmentRelatedParties
5264000 USD
caas Increase Decrease In Accounts And Notes Payable
IncreaseDecreaseInAccountsAndNotesPayable
-15574000 USD
CY2017Q4 us-gaap Long Term Investments
LongTermInvestments
27596000 USD
caas Increase Decrease In Accounts And Notes Payable
IncreaseDecreaseInAccountsAndNotesPayable
-2932000 USD
CY2018Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
149000 USD
CY2017Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-40000 USD
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35 pure
us-gaap Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
-345000 USD
us-gaap Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
-7000 USD
CY2018Q2 us-gaap Long Term Investments
LongTermInvestments
33479000 USD
CY2018Q2 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
13270000 USD
CY2017Q4 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
13367000 USD
us-gaap Increase Decrease In Other Employee Related Liabilities
IncreaseDecreaseInOtherEmployeeRelatedLiabilities
-1153000 USD
us-gaap Increase Decrease In Other Employee Related Liabilities
IncreaseDecreaseInOtherEmployeeRelatedLiabilities
-2000 USD
CY2008Q1 caas Withholding Tax Percentage Applicable To Foreign Investors As Non Resident Enterprises
WithholdingTaxPercentageApplicableToForeignInvestorsAsNonResidentEnterprises
0.1 pure
caas Percentage Owned In Holding Company To Avail Withholding Tax Of Five Percent
PercentageOwnedInHoldingCompanyToAvailWithholdingTaxOfFivePercent
0.25 pure
caas Percentage Owned In Holding Company To Avail Withholding Tax Of Five Percent
PercentageOwnedInHoldingCompanyToAvailWithholdingTaxOfFivePercent
0.25 pure
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
2245000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-3028000 USD
CY2018Q2 us-gaap Assets
Assets
692996000 USD
CY2017Q4 us-gaap Assets
Assets
717369000 USD
us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
-96000 USD
us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
-307000 USD
us-gaap Undistributed Earnings
UndistributedEarnings
298900000 USD
CY2017 us-gaap Undistributed Earnings
UndistributedEarnings
294200000 USD
us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
3484000 USD
us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
-6069000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-5393000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
22087000 USD
caas Tax Provision On Retained Earning Not Reinvested
TaxProvisionOnRetainedEarningNotReinvested
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
803000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
22262000 USD
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-1190000 USD
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us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-195000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
433000 USD
CY2018Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-431000 USD
CY2017Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
155000 USD
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ComprehensiveIncomeNetOfTax
-16040000 USD
CY2017Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
14540000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
998000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
21829000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
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199000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
2334000 USD
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17299000 USD
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10178000 USD
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20000000 CNY
CY2017Q3 us-gaap Debt Instrument Collateral Amount
DebtInstrumentCollateralAmount
3000000 USD
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19672000 USD
us-gaap Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
59088000 USD
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2017-09-26
caas Increase In Income Tax Expense Benefit Percentage
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0.149 pure
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0.158 pure
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0.196 pure
caas Increase In Income Tax Expense Benefit Percentage
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0.185 pure
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0.0475 pure
caas Description Of With Holding 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%.<table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
us-gaap Payments To Acquire Investments
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18502000 USD
us-gaap Payments To Acquire Investments
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8069000 USD
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41499000 USD
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4051000 USD
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35600000 USD
us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
0 USD
us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
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us-gaap Proceeds From Sale Of Short Term Investments
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336000 USD
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343000 USD
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ShortTermBorrowings
2000000 CNY
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ShortTermBorrowings
300000 USD
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ShortTermBorrowings
20000000 CNY
CY2017Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
3200000 USD
us-gaap Payments To Acquire Equity Method Investments
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5957000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
730000 USD
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AdvancesPayableCurrent
378000 USD
CY2017Q4 caas Advances Payable Current
AdvancesPayableCurrent
383000 USD
us-gaap Proceeds From Collection Of Longterm Loans To Related Parties
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20430000 USD
us-gaap Proceeds From Collection Of Longterm Loans To Related Parties
ProceedsFromCollectionOfLongtermLoansToRelatedParties
0 USD
CY2018Q2 us-gaap Liabilities Current
LiabilitiesCurrent
341053000 USD
CY2017Q4 us-gaap Liabilities Current
LiabilitiesCurrent
373463000 USD
us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
35664000 USD
us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
34128000 USD
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LongTermLoansPayable
302000 USD
CY2017Q4 us-gaap Long Term Loans Payable
LongTermLoansPayable
306000 USD
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AdvancePayableNonCurrent
355000 USD
CY2017Q4 caas Advance Payable Non Current
AdvancePayableNonCurrent
359000 USD
us-gaap Proceeds From Long Term Capital Lease Obligations
ProceedsFromLongTermCapitalLeaseObligations
11758000 USD
us-gaap Proceeds From Long Term Capital Lease Obligations
ProceedsFromLongTermCapitalLeaseObligations
0 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
1125000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
0 USD
caas Account Payable For Acquiring Property Plant And Equipment
AccountPayableForAcquiringPropertyPlantAndEquipment
709000 USD
CY2018Q2 us-gaap Treasury Stock Value
TreasuryStockValue
2907000 USD
CY2017Q4 us-gaap Treasury Stock Value
TreasuryStockValue
2907000 USD
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
300446000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
299448000 USD
CY2018Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
306394000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
306129000 USD
CY2018Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
692996000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
717369000 USD
CY2018Q2 us-gaap Other Long Term Debt Noncurrent
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10843000 USD
CY2017Q4 us-gaap Other Long Term Debt Noncurrent
OtherLongTermDebtNoncurrent
0 USD
CY2016Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
170000000 CNY
CY2018Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
25700000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-5359000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
24960000 USD
CY2018Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
5900000 CNY
CY2018Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
900000 USD
CY2017Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
32500000 CNY
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
4900000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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-1604000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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1466000 USD
CY2018Q2 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
4175000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
4393000 USD
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
0 USD
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
29182000 USD
CY2018Q2 us-gaap Liabilities
Liabilities
386602000 USD
CY2017Q4 us-gaap Liabilities
Liabilities
411240000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
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-10608000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
9050000 USD
us-gaap Interest Paid Net
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432000 USD
us-gaap Interest Paid Net
InterestPaidNet
354000 USD
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3000 USD
CY2017Q4 us-gaap Common Stock Value
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3000 USD
us-gaap Income Taxes Paid
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637000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
4172000 USD
CY2018Q2 us-gaap Retained Earnings Unappropriated
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214495000 USD
caas Property Plant Equipment Value Recorded For Which Advance Paid
PropertyPlantEquipmentValueRecordedForWhichAdvancePaid
5419000 USD
caas Property Plant Equipment Value Recorded For Which Advance Paid
PropertyPlantEquipmentValueRecordedForWhichAdvancePaid
10310000 USD
caas Account Payable For Acquiring Property Plant And Equipment
AccountPayableForAcquiringPropertyPlantAndEquipment
107000 USD
CY2018Q1 us-gaap Cash
Cash
15100000 USD
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29779000 USD
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29033000 USD
us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
0 USD
us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
29044000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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1748000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
96093000 USD
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
61891000 USD
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
85485000 USD
CY2017Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
70941000 USD
caas Dividends Payable To Noncontrolling Interests
DividendsPayableToNoncontrollingInterests
538000 USD
caas Dividends Payable To Noncontrolling Interests
DividendsPayableToNoncontrollingInterests
608000 USD
CY2018Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
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CY2017Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
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CY2018Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
13800000 USD
CY2017Q2 us-gaap Retained Earnings Unappropriated
RetainedEarningsUnappropriated
243474000 USD
CY2018Q1 us-gaap Sale Leaseback Transaction Quarterly Rental Payments
SaleLeasebackTransactionQuarterlyRentalPayments
1100000 USD

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