2023 Q1 Form 10-K Financial Statement

#000141057823000424 Filed on March 30, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $142.2M $128.8M $529.6M
YoY Change 4.29% -7.23% 6.34%
Cost Of Revenue $120.6M $103.8M $446.2M
YoY Change -0.85% -12.89% 4.75%
Gross Profit $21.62M $25.03M $83.39M
YoY Change 46.72% 27.0% 15.7%
Gross Profit Margin 15.2% 19.44% 15.75%
Selling, General & Admin $4.753M $15.36M $26.12M
YoY Change -0.02% 39.77% 6.95%
% of Gross Profit 21.99% 61.38% 31.32%
Research & Development $6.390M $10.64M $36.11M
YoY Change -21.47% 7.33% 27.92%
% of Gross Profit 29.56% 42.49% 43.3%
Depreciation & Amortization $4.856M $7.771M $25.17M
YoY Change -21.77% 4.63% -7.16%
% of Gross Profit 22.46% 31.05% 30.19%
Operating Expenses $14.53M $26.00M $79.14M
YoY Change -15.56% 24.39% 11.57%
Operating Profit $7.744M -$968.0K $7.951M
YoY Change -603.51% -18.79% 44.09%
Interest Expense $249.0K $1.195M $1.450M
YoY Change -38.06% -160.91% 0.9%
% of Operating Profit 3.22% 18.24%
Other Income/Expense, Net $1.502M -$1.339M $5.782M
YoY Change -57.32% -237.05% -13.29%
Pretax Income $8.575M -$2.742M $23.04M
YoY Change 138.59% 713.65% 174.27%
Income Tax $829.0K -$1.931M $3.082M
% Of Pretax Income 9.67% 13.38%
Net Earnings $6.820M $4.342M $21.18M
YoY Change -11659.32% -12.48% 91.68%
Net Earnings / Revenue 4.79% 3.37% 4.0%
Basic Earnings Per Share $0.23 $0.69
Diluted Earnings Per Share $0.23 $0.14 $0.69
COMMON SHARES
Basic Shares Outstanding 30.19M 30.20M 30.64M
Diluted Shares Outstanding 30.19M 30.64M

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $99.24M $134.1M $134.1M
YoY Change 24.99% 0.47% 0.47%
Cash & Equivalents $99.24M $121.2M $121.2M
Short-Term Investments $12.86M $12.86M
Other Short-Term Assets $35.33M $734.0K $50.08M
YoY Change -40.37% -95.12% 21.85%
Inventory $105.5M $112.2M $112.2M
Prepaid Expenses
Receivables $244.9M $224.3M $224.3M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $528.6M $520.7M $520.7M
YoY Change 4.55% 3.86% 3.86%
LONG-TERM ASSETS
Property, Plant & Equipment $104.9M $106.6M $116.6M
YoY Change -14.99% -16.53% -15.84%
Goodwill
YoY Change
Intangibles $1.300M
YoY Change -27.78%
Long-Term Investments $64.63M $59.81M $59.81M
YoY Change 6.55% 32.61% 32.61%
Other Assets $19.28M $0.00 $15.87M
YoY Change -26.59% -100.0% -46.25%
Total Long-Term Assets $198.5M $193.6M $193.6M
YoY Change -10.22% -10.1% -10.1%
TOTAL ASSETS
Total Short-Term Assets $528.6M $520.7M $520.7M
Total Long-Term Assets $198.5M $193.6M $193.6M
Total Assets $727.1M $714.4M $714.4M
YoY Change 0.06% -0.34% -0.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $142.2M $150.6M $150.6M
YoY Change -1.26% 3.09% 3.09%
Accrued Expenses $46.15M $48.31M $21.97M
YoY Change -20.89% -4.02% 27.63%
Deferred Revenue $6.700M $5.700M
YoY Change 81.08% 137.5%
Short-Term Debt $143.2M $45.67M $84.53M
YoY Change 8.55% -64.76% -34.77%
Long-Term Debt Due $0.00 $45.67M $45.67M
YoY Change 3996.05% 3996.05%
Total Short-Term Liabilities $364.3M $364.2M $364.2M
YoY Change 1.18% 3.52% 3.52%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $528.0K $528.0K
YoY Change -100.0%
Other Long-Term Liabilities $7.168M $18.20M $18.20M
YoY Change 9.85% 183.11% -21.28%
Total Long-Term Liabilities $7.168M $18.73M $18.73M
YoY Change 9.85% 191.32% -19.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $364.3M $364.2M $364.2M
Total Long-Term Liabilities $7.168M $18.73M $18.73M
Total Liabilities $387.3M $386.9M $402.7M
YoY Change -0.1% 2.01% 1.76%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $63.73M $63.73M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $7.695M $7.695M
YoY Change 46.26% 46.26%
Treasury Stock Shares $2.153M $2.153M
Shareholders Equity $322.8M $311.7M $311.7M
YoY Change
Total Liabilities & Shareholders Equity $727.1M $714.4M $714.4M
YoY Change 0.06% -0.34% -0.34%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $6.820M $4.342M $21.18M
YoY Change -11659.32% -12.48% 91.68%
Depreciation, Depletion And Amortization $4.856M $7.771M $25.17M
YoY Change -21.77% 4.63% -7.16%
Cash From Operating Activities -$1.416M $16.35M $48.02M
YoY Change -66.68% -52.12% 69.87%
INVESTING ACTIVITIES
Capital Expenditures $3.160M $8.574M $20.30M
YoY Change 208.59% -311.55% 119.18%
Acquisitions
YoY Change
Other Investing Activities -$13.52M $18.50M -$12.26M
YoY Change -69.67% 100.96% -195.27%
Cash From Investing Activities -$16.68M $9.922M -$32.74M
YoY Change -63.45% 92.62% -1204.96%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $2.434M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -399.0K -1.037M -1.583M
YoY Change -46.3% -135.75% -49.25%
NET CHANGE
Cash From Operating Activities -1.416M 16.35M 48.02M
Cash From Investing Activities -16.68M 9.922M -32.74M
Cash From Financing Activities -399.0K -1.037M -1.583M
Net Change In Cash -16.07M 25.23M -548.0K
YoY Change -67.9% -40.2% -101.74%
FREE CASH FLOW
Cash From Operating Activities -$1.416M $16.35M $48.02M
Capital Expenditures $3.160M $8.574M $20.30M
Free Cash Flow -$4.576M $7.772M $27.73M
YoY Change -13.23% -79.65% 45.85%

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CY2022 us-gaap Profit Loss
ProfitLoss
22343000
CY2021 us-gaap Profit Loss
ProfitLoss
10726000
CY2022 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1132000
CY2021 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-352000
CY2022 caas Accretion To Redemption Value Of Redeemable Noncontrolling Interest
AccretionToRedemptionValueOfRedeemableNoncontrollingInterest
30000
CY2021 caas Accretion To Redemption Value Of Redeemable Noncontrolling Interest
AccretionToRedemptionValueOfRedeemableNoncontrollingInterest
28000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
21181000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
11050000
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.69
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.36
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.69
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.36
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
30639102
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
30851776
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
30641274
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
30855431
CY2022 us-gaap Profit Loss
ProfitLoss
22343000
CY2021 us-gaap Profit Loss
ProfitLoss
10726000
CY2022 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-29934000
CY2021 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
7784000
CY2022 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-7591000
CY2021 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
18510000
CY2022 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-672000
CY2021 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
128000
CY2022 caas Accretion To Redemption Value Of Redeemable Noncontrolling Interest
AccretionToRedemptionValueOfRedeemableNoncontrollingInterest
30000
CY2021 caas Accretion To Redemption Value Of Redeemable Noncontrolling Interest
AccretionToRedemptionValueOfRedeemableNoncontrollingInterest
28000
CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-6949000
CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
18354000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
311651000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
321034000
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
326833000
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
336888000
CY2022 us-gaap Profit Loss
ProfitLoss
22343000
CY2021 us-gaap Profit Loss
ProfitLoss
10726000
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
0
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
88000
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
25173000
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
27113000
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1243000
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
4020000
CY2022 caas Increase Decrease In Allowance For Doubtful Accounts
IncreaseDecreaseInAllowanceForDoubtfulAccounts
-4404000
CY2021 caas Increase Decrease In Allowance For Doubtful Accounts
IncreaseDecreaseInAllowanceForDoubtfulAccounts
-2738000
CY2022 caas Impairment Loss On Prepayment For Acquisition Of Subsidiary
ImpairmentLossOnPrepaymentForAcquisitionOfSubsidiary
2676000
CY2021 caas Impairment Loss On Prepayment For Acquisition Of Subsidiary
ImpairmentLossOnPrepaymentForAcquisitionOfSubsidiary
0
CY2022 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
2389000
CY2021 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
6331000
CY2022 caas Government Subsidy Reclassified From Advances Payable
GovernmentSubsidyReclassifiedFromAdvancesPayable
0
CY2021 caas Government Subsidy Reclassified From Advances Payable
GovernmentSubsidyReclassifiedFromAdvancesPayable
1253000
CY2022 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-58000
CY2021 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-389000
CY2022 us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
36935000
CY2021 us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
-26560000
CY2022 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
41000
CY2021 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-1439000
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
5368000
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
25684000
CY2022 caas Increase Decrease In Accounts And Notes Payable
IncreaseDecreaseInAccountsAndNotesPayable
27271000
CY2021 caas Increase Decrease In Accounts And Notes Payable
IncreaseDecreaseInAccountsAndNotesPayable
-2801000
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
3580000
CY2021 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
870000
CY2022 us-gaap Increase Decrease In Other Employee Related Liabilities
IncreaseDecreaseInOtherEmployeeRelatedLiabilities
1628000
CY2021 us-gaap Increase Decrease In Other Employee Related Liabilities
IncreaseDecreaseInOtherEmployeeRelatedLiabilities
-2721000
CY2022 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
1158000
CY2021 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-4081000
CY2022 us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
2925000
CY2021 us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
-4501000
CY2022 caas Increase Or Decrease In Advance Payable
IncreaseOrDecreaseInAdvancePayable
297000
CY2021 caas Increase Or Decrease In Advance Payable
IncreaseOrDecreaseInAdvancePayable
1700000
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
48023000
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
28271000
CY2022 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
80244000
CY2021 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
63478000
CY2022 us-gaap Payments For Proceeds From Longterm Investments
PaymentsForProceedsFromLongtermInvestments
-75144000
CY2021 us-gaap Payments For Proceeds From Longterm Investments
PaymentsForProceedsFromLongtermInvestments
-69351000
CY2022 caas Increase Decrease In Other Receivable
IncreaseDecreaseInOtherReceivable
-292000
CY2021 caas Increase Decrease In Other Receivable
IncreaseDecreaseInOtherReceivable
171000
CY2022 us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
146000
CY2021 us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
0
CY2022 us-gaap Proceeds From Collection Of Longterm Loans To Related Parties
ProceedsFromCollectionOfLongtermLoansToRelatedParties
0
CY2021 us-gaap Proceeds From Collection Of Longterm Loans To Related Parties
ProceedsFromCollectionOfLongtermLoansToRelatedParties
154000
CY2022 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1514000
CY2021 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
150000
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
20296000
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
9260000
CY2022 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
188000
CY2021 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
642000
CY2022 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
3986000
CY2021 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
20621000
CY2022 caas Increase Decrease In Equity Method Investments
IncreaseDecreaseInEquityMethodInvestments
12802000
CY2021 caas Increase Decrease In Equity Method Investments
IncreaseDecreaseInEquityMethodInvestments
308000
CY2022 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
0
CY2021 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
13454000
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-32740000
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
2963000
CY2022 us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
51898000
CY2021 us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
53209000
CY2022 us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
49917000
CY2021 us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
50803000
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2434000
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0
CY2022 caas Repayments Of Borrowing For Sale And Leaseback Transactions
RepaymentsOfBorrowingForSaleAndLeasebackTransactions
1130000
CY2021 caas Repayments Of Borrowing For Sale And Leaseback Transactions
RepaymentsOfBorrowingForSaleAndLeasebackTransactions
4450000
CY2022 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0
CY2021 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
1075000
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1583000
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-3119000
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-14248000
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3323000
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-548000
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
31438000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
159499000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
128061000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
158951000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
159499000
CY2022 us-gaap Interest Paid Net
InterestPaidNet
1492000
CY2021 us-gaap Interest Paid Net
InterestPaidNet
1843000
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
4044000
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
3398000
CY2022 caas Property Plant Equipment Value Recorded For Which Advance Paid
PropertyPlantEquipmentValueRecordedForWhichAdvancePaid
2473000
CY2021 caas Property Plant Equipment Value Recorded For Which Advance Paid
PropertyPlantEquipmentValueRecordedForWhichAdvancePaid
8543000
CY2022 caas Account Payable For Acquiring Property Plant And Equipment
AccountPayableForAcquiringPropertyPlantAndEquipment
985000
CY2021 caas Account Payable For Acquiring Property Plant And Equipment
AccountPayableForAcquiringPropertyPlantAndEquipment
1510000
CY2022 caas Operating Lease Assets Acquisition
OperatingLeaseAssetsAcquisition
477000
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;"><i style="font-style:italic;">Use of Estimates</i> - 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 valuation of long term assets and investment, the realizable value of accounts receivable and inventories, the accrual of warranty obligations and the recoverability of deferred tax assets. Actual results could differ from those estimates.</p>
CY2022Q4 caas Accounts And Notes Receivable Net Related Parties
AccountsAndNotesReceivableNetRelatedParties
10016000
CY2021Q4 caas Accounts And Notes Receivable Net Related Parties
AccountsAndNotesReceivableNetRelatedParties
14607000
CY2022Q4 caas Accounts And Financing Receivable Allowance For Credit Loss Current
AccountsAndFinancingReceivableAllowanceForCreditLossCurrent
16200000
CY2022Q4 caas Accounts And Financing Receivable Allowance For Credit Loss Noncurrent
AccountsAndFinancingReceivableAllowanceForCreditLossNoncurrent
0
CY2022 caas Rights Of Use Land Pledged With Net Book Value
RightsOfUseLandPledgedWithNetBookValue
5100000
CY2021 caas Rights Of Use Land Pledged With Net Book Value
RightsOfUseLandPledgedWithNetBookValue
5700000
CY2022 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
200000
CY2021 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
500000
CY2022 us-gaap Guarantees Indemnifications And Warranties Policies
GuaranteesIndemnificationsAndWarrantiesPolicies
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;"><i style="font-style:italic;">Product Warranties</i> - 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. Estimates will be adjusted on the basis of actual claims and circumstances.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">For the years ended December 31, 2022 and 2021, the warranties activities were as follows (figures are in thousands of USD):</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><span style="margin-bottom:12pt;visibility:hidden;">​</span></p><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:auto;margin-right:auto;padding-left:0pt;padding-right:0pt;width:100%;"><tr style="height:1pt;"><td style="vertical-align:top;width:75.18%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:2.37%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:1.5%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:8.51%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:2.37%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:1.5%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:8.53%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td></tr><tr><td style="vertical-align:bottom;width:75.18%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;margin:0pt 0pt 0.05pt 0pt;"><b style="font-weight:bold;"> </b><span style="font-weight:bold;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.37%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:8pt;visibility:hidden;">​</span></p></td><td colspan="5" style="vertical-align:bottom;white-space:nowrap;width:22.43%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt 0pt 0.05pt 0pt;"><b style="font-weight:bold;">Year Ended December 31, </b></p></td></tr><tr><td style="vertical-align:bottom;width:75.18%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;margin:0pt 0pt 0.05pt 0pt;"><b style="font-weight:bold;"> </b><span style="font-weight:bold;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.37%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;margin:0pt 0pt 0.05pt 0pt;">    </p></td><td colspan="2" style="vertical-align:bottom;white-space:nowrap;width:10.01%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt 0pt 0.05pt 0pt;"><b style="font-weight:bold;">2022</b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.37%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;margin:0pt 0pt 0.05pt 0pt;">    </p></td><td colspan="2" style="vertical-align:bottom;white-space:nowrap;width:10.03%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt 0pt 0.05pt 0pt;"><b style="font-weight:bold;">2021</b></p></td></tr><tr><td style="vertical-align:top;width:75.18%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">Balance at the beginning of year</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.37%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.5%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.51%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0.05pt 0pt;"> 36,572</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.37%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.5%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.53%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0.05pt 0pt;"> 36,215</p></td></tr><tr><td style="vertical-align:top;width:75.18%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">Additions during the year</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.37%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.5%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.51%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0.05pt 0pt;"> 10,941</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.37%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.5%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.53%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0.05pt 0pt;"> 13,917</p></td></tr><tr><td style="vertical-align:top;width:75.18%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">Settlement within the year</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.37%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.5%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.51%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 0pt 0.05pt 0pt;"> (11,877)</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.37%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.5%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.53%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 0pt 0.05pt 0pt;"> (14,427)</p></td></tr><tr><td style="vertical-align:top;width:75.18%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">Foreign currency translation loss</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.37%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.5%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.51%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 0pt 0.05pt 0pt;"> (3,201)</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.37%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.5%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.53%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0.05pt 0pt;"> 867</p></td></tr><tr><td style="vertical-align:top;width:75.18%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">Balance at end of year</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.37%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.5%;background:#cceeff;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.51%;background:#cceeff;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0.05pt 0pt;"> 32,435</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.37%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.5%;background:#cceeff;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.53%;background:#cceeff;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0.05pt 0pt;"> 36,572</p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><span style="margin-bottom:12pt;visibility:hidden;">​</span></p>
CY2021Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
36572000
CY2020Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
36215000
CY2022 us-gaap Standard Product Warranty Accrual Additions From Business Acquisition
StandardProductWarrantyAccrualAdditionsFromBusinessAcquisition
10941000
CY2021 us-gaap Standard Product Warranty Accrual Additions From Business Acquisition
StandardProductWarrantyAccrualAdditionsFromBusinessAcquisition
13917000
CY2022 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
11877000
CY2021 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
14427000
CY2022 us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-3201000
CY2021 us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardProductWarrantyAccrualForeignCurrencyTranslationGainLoss
867000
CY2022Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
32435000
CY2021Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
36572000
CY2022Q4 caas Employee Benefit Plan Funded Percentage Local
EmployeeBenefitPlanFundedPercentageLocal
0.35
CY2021Q4 caas Employee Benefit Plan Funded Percentage Local
EmployeeBenefitPlanFundedPercentageLocal
0.35
CY2021Q4 caas Employee Benefit Plan Funded Percentage Foreign
EmployeeBenefitPlanFundedPercentageForeign
0.26
CY2021Q4 caas Employee Benefit Plan Funded Percentage Foreign
EmployeeBenefitPlanFundedPercentageForeign
0.26
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;"><i style="font-style:italic;">Concentration of Credit Risk</i> - Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of trade accounts receivable.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">In 2022, the Company’s five largest customers accounted for 42.8% of the Company’s consolidated sales, with one customer accounting for more than 10% of consolidated sales (i.e., 20.2% of consolidated sales, which comprised a total of $106.9 million in sales included in the Hubei Henglong segment (Note 27)).</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">In 2021, the Company’s five largest customers accounted for 44.8% of the Company’s consolidated sales, with one customer accounting for more than 10% of consolidated sales (i.e., 21.2% of consolidated sales, which comprised a total of $105.6 million in sales included in the Hubei Henglong segment (Note 27)).</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">At December 31, 2022 and 2021, approximately 8.0% and 7.7% of accounts receivable were from trade transactions with the aforementioned customer (accounting for more than 10% of consolidated sales).</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">The Company performs ongoing credit evaluations with respect to the financial condition of its debtors, but does not require collateral. It records a provision for doubtful accounts to cover probable credit losses. Management reviews and adjusts this allowance periodically based on historical experience, current economic conditions, supportable forecasts of future economic conditions and other factors for evaluation of the collectability of outstanding accounts receivable.</p>
CY2022Q4 caas Prepayment For Share Repurchase Program
PrepaymentForShareRepurchaseProgram
754000
CY2022Q4 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.0475
CY2022Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
139533000
CY2021Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
146362000
CY2022Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
89134000
CY2021Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
61328000
CY2022Q4 caas Accounts And Notes Receivable Gross
AccountsAndNotesReceivableGross
228667000
CY2021Q4 caas Accounts And Notes Receivable Gross
AccountsAndNotesReceivableGross
207690000
CY2022Q4 caas Accounts And Notes Receivable Unrelated Parties Allowance For Doubtful Accounts
AccountsAndNotesReceivableUnrelatedPartiesAllowanceForDoubtfulAccounts
14359000
CY2021Q4 caas Accounts And Notes Receivable Unrelated Parties Allowance For Doubtful Accounts
AccountsAndNotesReceivableUnrelatedPartiesAllowanceForDoubtfulAccounts
11961000
CY2022Q4 us-gaap Accounts Notes And Loans Receivable Net Current
AccountsNotesAndLoansReceivableNetCurrent
214308000
CY2021Q4 us-gaap Accounts Notes And Loans Receivable Net Current
AccountsNotesAndLoansReceivableNetCurrent
195729000
CY2022Q4 caas Accounts And Notes Receivable Gross Related Parties
AccountsAndNotesReceivableGrossRelatedParties
11779000
CY2021Q4 caas Accounts And Notes Receivable Gross Related Parties
AccountsAndNotesReceivableGrossRelatedParties
15505000
CY2022Q4 caas Accounts And Notes Receivable Related Parties Allowance For Doubtful Accounts
AccountsAndNotesReceivableRelatedPartiesAllowanceForDoubtfulAccounts
1763000
CY2021Q4 caas Accounts And Notes Receivable Related Parties Allowance For Doubtful Accounts
AccountsAndNotesReceivableRelatedPartiesAllowanceForDoubtfulAccounts
898000
CY2022Q4 us-gaap Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
224324000
CY2021Q4 us-gaap Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
210336000
CY2022Q4 us-gaap Notes Receivable Net
NotesReceivableNet
13700000
CY2021Q4 us-gaap Notes Receivable Net
NotesReceivableNet
18200000
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
12859000
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
9854000
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
5371000
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2774000
CY2022 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
967000
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
24000
CY2022 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
-1141000
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
255000
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
16122000
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
12859000
CY2022Q4 us-gaap Advances On Inventory Purchases
AdvancesOnInventoryPurchases
3942000
CY2021Q4 us-gaap Advances On Inventory Purchases
AdvancesOnInventoryPurchases
6066000
CY2022Q4 us-gaap Value Added Tax Receivable Current
ValueAddedTaxReceivableCurrent
4283000
CY2021Q4 us-gaap Value Added Tax Receivable Current
ValueAddedTaxReceivableCurrent
3433000
CY2021Q4 caas Prepayment For Share Repurchase Program
PrepaymentForShareRepurchaseProgram
1238000
CY2022Q4 us-gaap Prepaid Taxes
PrepaidTaxes
1287000
CY2021Q4 us-gaap Prepaid Taxes
PrepaidTaxes
1366000
CY2022Q4 us-gaap Due From Employees Current
DueFromEmployeesCurrent
713000
CY2021Q4 us-gaap Due From Employees Current
DueFromEmployeesCurrent
641000
CY2022Q4 caas Prepayment For Research And Development Service
PrepaymentForResearchAndDevelopmentService
748000
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
734000
CY2021Q4 us-gaap Other Assets Current
OtherAssetsCurrent
607000
CY2022Q4 caas Prepaid Expense And Other Assets Related And Unrelated Parties Gross Current
PrepaidExpenseAndOtherAssetsRelatedAndUnrelatedPartiesGrossCurrent
12461000
CY2021Q4 caas Prepaid Expense And Other Assets Related And Unrelated Parties Gross Current
PrepaidExpenseAndOtherAssetsRelatedAndUnrelatedPartiesGrossCurrent
13351000
CY2022Q4 caas Prepaid Expense And Other Assets Related And Unrelated Parties Allowance For Doubtful Accounts Current
PrepaidExpenseAndOtherAssetsRelatedAndUnrelatedPartiesAllowanceForDoubtfulAccountsCurrent
115000
CY2021Q4 caas Prepaid Expense And Other Assets Related And Unrelated Parties Allowance For Doubtful Accounts Current
PrepaidExpenseAndOtherAssetsRelatedAndUnrelatedPartiesAllowanceForDoubtfulAccountsCurrent
55000
CY2022Q4 caas Prepaid Expense And Other Assets Related And Unrelated Parties Net Current
PrepaidExpenseAndOtherAssetsRelatedAndUnrelatedPartiesNetCurrent
12346000
CY2021Q4 caas Prepaid Expense And Other Assets Related And Unrelated Parties Net Current
PrepaidExpenseAndOtherAssetsRelatedAndUnrelatedPartiesNetCurrent
13296000
CY2022Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
24502000
CY2021Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
33583000
CY2022Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
16001000
CY2021Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
9415000
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
71371000
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
73495000
CY2022Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
362000
CY2022Q4 us-gaap Inventory Net
InventoryNet
112236000
CY2021Q4 us-gaap Inventory Net
InventoryNet
116493000
CY2022 us-gaap Valuation Allowances And Reserves Adjustments
ValuationAllowancesAndReservesAdjustments
4700000
CY2021 us-gaap Valuation Allowances And Reserves Adjustments
ValuationAllowancesAndReservesAdjustments
4700000
CY2021Q4 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
DeferredTaxLiabilitiesUndistributedForeignEarnings
4380000
CY2022Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
2713000
CY2021Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
2249000
CY2022Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
6723000
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
323101000
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
341390000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
216495000
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
213669000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
106606000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
127721000
CY2022 us-gaap Depreciation
Depreciation
24200000
CY2021 us-gaap Depreciation
Depreciation
26100000
CY2022Q4 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
51600000
CY2021Q4 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
54700000
CY2022Q4 us-gaap Finite Lived Patents Gross
FiniteLivedPatentsGross
2266000
CY2021Q4 us-gaap Finite Lived Patents Gross
FiniteLivedPatentsGross
2598000
CY2022Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
3756000
CY2021Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
3994000
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
6022000
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
6592000
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
4749000
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
4780000
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1273000
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1812000
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
600000
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
600000
CY2021Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
6629000
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
23300000
CY2021Q4 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.035
CY2022Q4 caas Accounts Payable Unrelated Parties
AccountsPayableUnrelatedParties
133882000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
496000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
319000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
232000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
130000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
88000
CY2022Q4 us-gaap Long Term Investments
LongTermInvestments
59810000
CY2021Q4 us-gaap Long Term Investments
LongTermInvestments
36966000
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
349000
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
2559000
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Foreign
DeferredTaxAssetsOperatingLossCarryforwardsForeign
11371000
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Foreign
DeferredTaxAssetsOperatingLossCarryforwardsForeign
13058000
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Warranty Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsWarrantyReserves
8525000
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Warranty Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsWarrantyReserves
8679000
CY2022Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
7506000
CY2021Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
7760000
CY2022Q4 caas Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Bonus
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsBonus
252000
CY2021Q4 caas Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Bonus
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsBonus
106000
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther
2163000
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther
1101000
CY2022Q4 caas Deferred Tax Assets Temporary Difference On Revenue Recognition
DeferredTaxAssetsTemporaryDifferenceOnRevenueRecognition
1294000
CY2021Q4 caas Deferred Tax Assets Temporary Difference On Revenue Recognition
DeferredTaxAssetsTemporaryDifferenceOnRevenueRecognition
879000
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Other
DeferredTaxAssetsTaxDeferredExpenseOther
2175000
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Other
DeferredTaxAssetsTaxDeferredExpenseOther
1009000
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
33635000
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
35151000
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
23270000
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
22788000
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
10365000
CY2021Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
12363000
CY2022Q4 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
DeferredTaxLiabilitiesUndistributedForeignEarnings
4010000
CY2022Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
7652000
CY2021Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
10114000
CY2022Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
4010000
CY2021Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
4380000
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
22788000
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
18155000
CY2022 caas Provision For Valuation Allowance
ProvisionForValuationAllowance
5058000
CY2021 caas Provision For Valuation Allowance
ProvisionForValuationAllowance
4468000
CY2022 caas Valuation Allowance Recoveries
ValuationAllowanceRecoveries
2721000
CY2021 caas Valuation Allowance Recoveries
ValuationAllowanceRecoveries
247000
CY2022 caas Valuation Allowance Foreign Currency Translation
ValuationAllowanceForeignCurrencyTranslation
-1855000
CY2021 caas Valuation Allowance Foreign Currency Translation
ValuationAllowanceForeignCurrencyTranslation
412000
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
23270000
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
22788000
CY2022Q4 caas Allowance For Prepayment
AllowanceForPrepayment
2584000
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
16312000
CY2022Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
18000000.0
CY2022Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
45671000
CY2021Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
47592000
CY2022Q4 caas Long Term Government Loan
LongTermGovernmentLoan
528000
CY2022Q4 caas Total Bank And Government Loan
TotalBankAndGovernmentLoan
46199000
CY2021Q4 caas Total Bank And Government Loan
TotalBankAndGovernmentLoan
47592000
CY2022Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
148300000
CY2021Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
116800000
CY2022 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
46200000
CY2021 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
47600000
CY2022Q4 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.029
CY2021Q4 caas Accounts Payable Unrelated Parties
AccountsPayableUnrelatedParties
132593000
CY2022Q4 caas Notes Payable Unrelated Parties
NotesPayableUnrelatedParties
84530000
CY2021Q4 caas Notes Payable Unrelated Parties
NotesPayableUnrelatedParties
81997000
CY2022Q4 caas Accounts And Notes Payable Current
AccountsAndNotesPayableCurrent
218412000
CY2021Q4 caas Accounts And Notes Payable Current
AccountsAndNotesPayableCurrent
214590000
CY2022Q4 caas Accounts And Notes Payable Related Parties Current
AccountsAndNotesPayableRelatedPartiesCurrent
16695000
CY2021Q4 caas Accounts And Notes Payable Related Parties Current
AccountsAndNotesPayableRelatedPartiesCurrent
13464000
CY2022Q4 caas Accounts And Notes Payable Total
AccountsAndNotesPayableTotal
235107000
CY2021Q4 caas Accounts And Notes Payable Total
AccountsAndNotesPayableTotal
228054000
CY2022Q4 caas Cash Pledged As Collateral
CashPledgedAsCollateral
37600000
CY2021Q4 caas Cash Pledged As Collateral
CashPledgedAsCollateral
27800000
CY2022Q4 caas Notes Receivable Pledged As Collateral For Notes Payable
NotesReceivablePledgedAsCollateralForNotesPayable
13700000
CY2021Q4 caas Notes Receivable Pledged As Collateral For Notes Payable
NotesReceivablePledgedAsCollateralForNotesPayable
18200000
CY2022Q4 caas Property Plant And Equipment And Land Use Right Pledged As Collateral
PropertyPlantAndEquipmentAndLandUseRightPledgedAsCollateral
39600000
CY2021Q4 caas Property Plant And Equipment And Land Use Right Pledged As Collateral
PropertyPlantAndEquipmentAndLandUseRightPledgedAsCollateral
33600000
CY2022Q4 caas Accrued Expenses Current
AccruedExpensesCurrent
9652000
CY2021Q4 caas Accrued Expenses Current
AccruedExpensesCurrent
5596000
CY2022Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
32435000
CY2021Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
36572000
CY2022Q4 caas Payable For Investment
PayableForInvestment
2043000
CY2022Q4 caas Payables For Oversea Transportation And Custom Clearance Current
PayablesForOverseaTransportationAndCustomClearanceCurrent
294000
CY2021Q4 caas Payables For Oversea Transportation And Custom Clearance Current
PayablesForOverseaTransportationAndCustomClearanceCurrent
4548000
CY2022Q4 us-gaap Dividends Payable Current
DividendsPayableCurrent
431000
CY2021Q4 us-gaap Dividends Payable Current
DividendsPayableCurrent
471000
CY2022Q4 us-gaap Other Long Term Debt Current
OtherLongTermDebtCurrent
0
CY2021Q4 us-gaap Other Long Term Debt Current
OtherLongTermDebtCurrent
1115000
CY2022Q4 caas Accrued Interest Current
AccruedInterestCurrent
465000
CY2021Q4 caas Accrued Interest Current
AccruedInterestCurrent
507000
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2991000
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1523000
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
48311000
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
50332000
CY2022Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
3470000
CY2021Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
3494000
CY2022Q4 caas Tariffs Payable Current
TariffsPayableCurrent
7061000
CY2021Q4 caas Tariffs Payable Current
TariffsPayableCurrent
5202000
CY2022Q4 us-gaap Tax Cuts And Jobs Act Of2017 Transition Tax For Accumulated Foreign Earnings Liability Current
TaxCutsAndJobsActOf2017TransitionTaxForAccumulatedForeignEarningsLiabilityCurrent
5270000
CY2021Q4 us-gaap Tax Cuts And Jobs Act Of2017 Transition Tax For Accumulated Foreign Earnings Liability Current
TaxCutsAndJobsActOf2017TransitionTaxForAccumulatedForeignEarningsLiabilityCurrent
2809000
CY2022Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
680000
CY2021Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
311000
CY2022Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
1117000
CY2021Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
510000
CY2022Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
17598000
CY2021Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
12326000
CY2022Q4 us-gaap Tax Cuts And Jobs Act Of2017 Transition Tax For Accumulated Foreign Earnings Liability
TaxCutsAndJobsActOf2017TransitionTaxForAccumulatedForeignEarningsLiability
21075000
CY2021Q4 us-gaap Tax Cuts And Jobs Act Of2017 Transition Tax For Accumulated Foreign Earnings Liability
TaxCutsAndJobsActOf2017TransitionTaxForAccumulatedForeignEarningsLiability
23884000
CY2022Q4 us-gaap Tax Cuts And Jobs Act Of2017 Transition Tax For Accumulated Foreign Earnings Liability Current
TaxCutsAndJobsActOf2017TransitionTaxForAccumulatedForeignEarningsLiabilityCurrent
5270000
CY2021Q4 us-gaap Tax Cuts And Jobs Act Of2017 Transition Tax For Accumulated Foreign Earnings Liability Current
TaxCutsAndJobsActOf2017TransitionTaxForAccumulatedForeignEarningsLiabilityCurrent
2809000
CY2022Q4 us-gaap Tax Cuts And Jobs Act Of2017 Transition Tax For Accumulated Foreign Earnings Liability Noncurrent
TaxCutsAndJobsActOf2017TransitionTaxForAccumulatedForeignEarningsLiabilityNoncurrent
15805000
CY2021Q4 us-gaap Tax Cuts And Jobs Act Of2017 Transition Tax For Accumulated Foreign Earnings Liability Noncurrent
TaxCutsAndJobsActOf2017TransitionTaxForAccumulatedForeignEarningsLiabilityNoncurrent
21075000
CY2017Q4 us-gaap Tax Cuts And Jobs Act Of2017 Transition Tax For Accumulated Foreign Earnings Liability
TaxCutsAndJobsActOf2017TransitionTaxForAccumulatedForeignEarningsLiability
35600000
CY2022Q4 caas Onetime Transition Tax Payablecurrent
OnetimeTransitionTaxPayablecurrent
2800000
CY2021Q4 caas Onetime Transition Tax Payablecurrent
OnetimeTransitionTaxPayablecurrent
2800000
CY2018Q1 us-gaap Lessor Sales Type Lease Term Of Contract1
LessorSalesTypeLeaseTermOfContract1
P4Y
CY2018Q1 us-gaap Lessor Sales Type Lease Term Of Contract1
LessorSalesTypeLeaseTermOfContract1
P4Y
CY2022 caas Sale Lease Back Transaction Rental Payments Quarterly
SaleLeaseBackTransactionRentalPaymentsQuarterly
1000000.0
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
P5Y
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
7500
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
5.04
CY2020Q3 caas Redeemable Noncontrolling Interest Redemption Price Percentage
RedeemableNoncontrollingInterestRedemptionPricePercentage
0.06
CY2020Q3 us-gaap Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
500000
CY2022 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
30000.000
CY2021 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
28000.000
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.7691
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0046
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0000
CY2021 caas Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Total Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodTotalGrantDateFairValue
100000
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
0
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
100000
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
22500
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.79
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
P5Y
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
7500
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
6.95
CY2021 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
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
22500
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
6.26
CY2021 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
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
37500
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
5.24
CY2022 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
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
30000
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
5.29
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
P5Y
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
0
CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
0
CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0
CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
3.19
CY2022 caas Statutory Accounting Practices Statutory Surplus Required Percentage
StatutoryAccountingPracticesStatutorySurplusRequiredPercentage
0.10
CY2022 caas Percentage Of Statutory Surplus Reserve
PercentageOfStatutorySurplusReserve
0.50
CY2022Q4 us-gaap Statutory Accounting Practices Statutory Capital And Surplus Required
StatutoryAccountingPracticesStatutoryCapitalAndSurplusRequired
0
CY2022 caas Statutory Accounting Practices Statutory Capital And Surplus Reserve
StatutoryAccountingPracticesStatutoryCapitalAndSurplusReserve
400000
CY2021 caas Statutory Accounting Practices Statutory Capital And Surplus Reserve
StatutoryAccountingPracticesStatutoryCapitalAndSurplusReserve
200000
CY2018Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
5000000.0
CY2022Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
5000000.0
CY2022Q1 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
4.00
CY2022 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
666074
CY2021 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0
CY2022 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
2400000
CY2021 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
0
CY2021 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-3204000
CY2022 caas Handling Charge
HandlingCharge
327000
CY2021 caas Handling Charge
HandlingCharge
388000
CY2022 caas Income From Government Subsidies
IncomeFromGovernmentSubsidies
6270000
CY2021 caas Income From Government Subsidies
IncomeFromGovernmentSubsidies
4928000
CY2022 us-gaap Investment Income Net
InvestmentIncomeNet
1912000
CY2021 us-gaap Investment Income Net
InvestmentIncomeNet
1670000
CY2022 caas Penalties Income
PenaltiesIncome
140000
CY2021 caas Penalties Income
PenaltiesIncome
70000
CY2022 caas Provision For Impairment Of Prepayment
ProvisionForImpairmentOfPrepayment
2540000
CY2022 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
5782000
CY2021 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
6668000
CY2022 us-gaap Investment Income Interest
InvestmentIncomeInterest
1247000
CY2021 us-gaap Investment Income Interest
InvestmentIncomeInterest
1242000
CY2022 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
9833000
CY2022 caas Finance Income Expenses Net
FinanceIncomeExpensesNet
10753000
CY2021 caas Finance Income Expenses Net
FinanceIncomeExpensesNet
-2350000
CY2022 caas Percentage Owned In Holding Company To Avail Withholding Tax Of Five Percent
PercentageOwnedInHoldingCompanyToAvailWithholdingTaxOfFivePercent
0.25
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.15
CY2008Q1 caas Withholding Tax Percentage Applicable To Foreign Investors As Non Resident Enterprises
WithholdingTaxPercentageApplicableToForeignInvestorsAsNonResidentEnterprises
0.10
CY2022 caas Description Of Withholding Tax Rate On Dividend
DescriptionOfWithholdingTaxRateOnDividend
Genesis, the Company’s wholly-owned subsidiary and the direct holder of the equity interests in the Company’s subsidiaries in China, is incorporated in Hong Kong. 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%.
CY2022 caas Increase In Income Tax Expense Benefit Percentage
IncreaseInIncomeTaxExpenseBenefitPercentage
0.25
CY2022 us-gaap Undistributed Earnings
UndistributedEarnings
270400000
CY2021 us-gaap Undistributed Earnings
UndistributedEarnings
265900000
CY2022 caas Tax Provision On Retained Earning Not Reinvested
TaxProvisionOnRetainedEarningNotReinvested
27000000.0
CY2021 caas Tax Provision On Retained Earning Not Reinvested
TaxProvisionOnRetainedEarningNotReinvested
26600000
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2017 caas Effective Income Tax Rate Reconciliation Transition Tax Amount
EffectiveIncomeTaxRateReconciliationTransitionTaxAmount
35600000
CY2017 us-gaap Effective Income Tax Rate Reconciliation Tax Cuts And Jobs Act Of2017 Transition Tax On Accumulated Foreign Earnings Amount
EffectiveIncomeTaxRateReconciliationTaxCutsAndJobsActOf2017TransitionTaxOnAccumulatedForeignEarningsAmount
35100000
CY2018 caas Effective Income Tax Rate Reconciliation Tax Cuts And Jobs Act Of2017 Adjustment One Time Transition Tax
EffectiveIncomeTaxRateReconciliationTaxCutsAndJobsActOf2017AdjustmentOneTimeTransitionTax
500000
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
23036000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
8399000
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
4838000
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
1764000
CY2022 us-gaap Income Tax Reconciliation Deductions
IncomeTaxReconciliationDeductions
7089000
CY2021 us-gaap Income Tax Reconciliation Deductions
IncomeTaxReconciliationDeductions
5212000
CY2022 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
599000
CY2021 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
504000
CY2022 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
0
CY2021 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
2081000
CY2022 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
2597000
CY2021 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
234000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3082000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4004000
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
25173000
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
27113000
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
20484000
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
9902000
CY2022Q4 us-gaap Assets
Assets
714352000
CY2021Q4 us-gaap Assets
Assets
716762000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
21181000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
11050000
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
30639102
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
30851776
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2172
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
3655
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
30641274
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
30855431
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.69
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.36
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.69
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.36
CY2022 caas Minimum Percentage Of Profit Allocated To Foreign Investment
MinimumPercentageOfProfitAllocatedToForeignInvestment
0.10
CY2022 caas Registered Capital Percentage
RegisteredCapitalPercentage
0.50
CY2022 us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
146000
CY2022Q4 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
28269000
CY2022Q4 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
4650000
CY2022Q4 us-gaap Contractual Obligation
ContractualObligation
32919000
CY2022Q4 caas Number Of Product Sectors
NumberOfProductSectors
15
CY2022Q4 caas Number Of Principal Profit Makers
NumberOfPrincipalProfitMakers
7
CY2022Q4 caas Number Of Holding Company
NumberOfHoldingCompany
1
CY2022Q4 caas Number Of Sectors Engaged In Production And Sale Of Products
NumberOfSectorsEngagedInProductionAndSaleOfProducts
8
CY2021Q4 caas Number Of Product Sectors
NumberOfProductSectors
15
CY2021Q4 caas Number Of Principal Profit Makers
NumberOfPrincipalProfitMakers
6
CY2021Q4 caas Number Of Holding Company
NumberOfHoldingCompany
1
CY2021Q4 caas Number Of Sectors Engaged In Production And Sale Of Products
NumberOfSectorsEngagedInProductionAndSaleOfProducts
9
CY2022 caas Sales Revenues Net
SalesRevenuesNet
529551000
CY2021 caas Sales Revenues Net
SalesRevenuesNet
497993000
CY2022 us-gaap Profit Loss
ProfitLoss
22343000
CY2021 us-gaap Profit Loss
ProfitLoss
10726000
CY2022 caas Sales Revenues Net
SalesRevenuesNet
529551000
CY2021 caas Sales Revenues Net
SalesRevenuesNet
497993000
CY2022Q4 us-gaap Long Term Investments And Receivables Net
LongTermInvestmentsAndReceivablesNet
124899000
CY2021Q4 us-gaap Long Term Investments And Receivables Net
LongTermInvestmentsAndReceivablesNet
166490000
CY2022Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
7700000
CY2021Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
10100000
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1300000
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1800000

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