2024 Q1 Form 10-K Financial Statement

#000141057824000335 Filed on March 28, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $139.4M $159.2M $576.4M
YoY Change -2.0% 23.58% 8.84%
Cost Of Revenue $115.3M $124.5M $472.6M
YoY Change -4.39% 19.99% 5.93%
Gross Profit $24.07M $34.66M $103.8M
YoY Change 11.34% 38.46% 24.41%
Gross Profit Margin 17.27% 21.78% 18.0%
Selling, General & Admin $5.547M $14.00M $25.50M
YoY Change 16.71% -8.87% -2.36%
% of Gross Profit 23.05% 40.39% 24.58%
Research & Development $5.312M $9.315M $29.18M
YoY Change -16.87% -12.42% -19.19%
% of Gross Profit 22.07% 26.88% 28.13%
Depreciation & Amortization $5.114M $5.038M $18.71M
YoY Change 5.31% -35.17% -25.68%
% of Gross Profit 21.25% 14.54% 18.03%
Operating Expenses $14.93M $23.32M $70.29M
YoY Change 2.79% -10.32% -11.18%
Operating Profit $9.651M $11.34M $39.25M
YoY Change 24.63% -1271.8% 393.59%
Interest Expense $258.0K $764.0K $1.021M
YoY Change 3.61% -36.07% -29.59%
% of Operating Profit 2.67% 6.74% 2.6%
Other Income/Expense, Net $2.403M $672.0K $5.345M
YoY Change 59.99% -150.19% -7.56%
Pretax Income $11.78M $15.00M $48.24M
YoY Change 37.42% -646.86% 109.39%
Income Tax $1.743M $2.133M $5.137M
% Of Pretax Income 14.79% 14.22% 10.65%
Net Earnings $8.267M $10.88M $37.66M
YoY Change 21.22% 150.67% 77.79%
Net Earnings / Revenue 5.93% 6.84% 6.53%
Basic Earnings Per Share $0.27 $1.25
Diluted Earnings Per Share $0.27 $0.36 $1.25
COMMON SHARES
Basic Shares Outstanding 30.19M 30.19M 30.19M
Diluted Shares Outstanding 30.19M 30.19M

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $112.6M $125.7M $125.7M
YoY Change 13.41% -6.22% -6.22%
Cash & Equivalents $112.6M $114.7M $114.7M
Short-Term Investments $11.08M $11.08M
Other Short-Term Assets $38.05M $900.0K $56.53M
YoY Change 7.68% 22.62% 12.88%
Inventory $109.1M $112.4M $112.4M
Prepaid Expenses
Receivables $266.7M $269.4M $269.4M
Other Receivables $0.00 $448.0K $0.00
Total Short-Term Assets $570.4M $564.1M $564.1M
YoY Change 7.91% 8.33% 8.33%
LONG-TERM ASSETS
Property, Plant & Equipment $99.40M $101.4M $110.9M
YoY Change -5.28% -4.92% -4.95%
Goodwill
YoY Change
Intangibles $3.900M
YoY Change 200.0%
Long-Term Investments $59.28M $68.82M $68.82M
YoY Change -8.29% 15.06% 15.06%
Other Assets $32.42M $18.21M $18.21M
YoY Change 68.12% 14.78%
Total Long-Term Assets $200.2M $202.4M $202.4M
YoY Change 0.9% 4.51% 4.51%
TOTAL ASSETS
Total Short-Term Assets $570.4M $564.1M $564.1M
Total Long-Term Assets $200.2M $202.4M $202.4M
Total Assets $770.7M $766.4M $766.4M
YoY Change 6.0% 7.29% 7.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $131.2M $160.6M $160.6M
YoY Change -7.69% 6.62% 6.62%
Accrued Expenses $44.84M $44.77M $21.95M
YoY Change -2.85% -7.33% -0.1%
Deferred Revenue $8.800M $8.600M
YoY Change 31.34% 50.88%
Short-Term Debt $152.2M $48.01M $141.0M
YoY Change 6.32% 5.11% 66.84%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $363.7M $383.7M $383.7M
YoY Change -0.16% 5.37% 5.37%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $1.221M $1.221M
YoY Change 131.25% 131.25%
Other Long-Term Liabilities $5.360M $9.115M $9.115M
YoY Change -25.22% -49.93% -49.93%
Total Long-Term Liabilities $5.360M $10.34M $10.34M
YoY Change -25.22% -44.82% -44.82%
TOTAL LIABILITIES
Total Short-Term Liabilities $363.7M $383.7M $383.7M
Total Long-Term Liabilities $5.360M $10.34M $10.34M
Total Liabilities $377.8M $398.0M $422.0M
YoY Change -2.43% 2.86% 4.79%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $69.73M $63.73M
YoY Change 9.4% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $7.695M $7.695M
YoY Change 0.0% 0.0%
Treasury Stock Shares
Shareholders Equity $358.4M $344.5M $344.5M
YoY Change
Total Liabilities & Shareholders Equity $770.7M $766.4M $766.4M
YoY Change 6.0% 7.29% 7.29%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $8.267M $10.88M $37.66M
YoY Change 21.22% 150.67% 77.79%
Depreciation, Depletion And Amortization $5.114M $5.038M $18.71M
YoY Change 5.31% -35.17% -25.68%
Cash From Operating Activities $10.45M $9.166M $19.91M
YoY Change -838.06% -43.93% -58.55%
INVESTING ACTIVITIES
Capital Expenditures $4.493M $7.060M $18.24M
YoY Change 42.18% -17.66% -10.15%
Acquisitions
YoY Change
Other Investing Activities -$11.97M $4.003M -$6.957M
YoY Change -11.46% -78.36% -43.24%
Cash From Investing Activities -$16.48M -$3.057M -$28.64M
YoY Change -1.19% -130.81% -12.53%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 7.985M 12.12M 6.798M
YoY Change -2101.25% -1268.56% -529.44%
NET CHANGE
Cash From Operating Activities 10.45M 9.166M 19.91M
Cash From Investing Activities -16.48M -3.057M -28.64M
Cash From Financing Activities 7.985M 12.12M 6.798M
Net Change In Cash 1.391M 18.23M -3.757M
YoY Change -108.66% -27.76% 585.58%
FREE CASH FLOW
Cash From Operating Activities $10.45M $9.166M $19.91M
Capital Expenditures $4.493M $7.060M $18.24M
Free Cash Flow $5.958M $2.106M $1.671M
YoY Change -230.2% -72.9% -93.97%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2023Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2022Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2022Q4 us-gaap Other Receivable After Allowance For Credit Loss Current Related Party Type Extensible Enumeration
OtherReceivableAfterAllowanceForCreditLossCurrentRelatedPartyTypeExtensibleEnumeration
http://www.caasauto.com/20231231#EmployeesMember
CY2023Q4 us-gaap Other Receivable After Allowance For Credit Loss Current Related Party Type Extensible Enumeration
OtherReceivableAfterAllowanceForCreditLossCurrentRelatedPartyTypeExtensibleEnumeration
http://www.caasauto.com/20231231#EmployeesMember
CY2023 dei Entity Central Index Key
EntityCentralIndexKey
0001157762
CY2023 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2023 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2023
CY2023 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2023 dei Amendment Flag
AmendmentFlag
false
CY2023 dei Document Type
DocumentType
10-K
CY2023 dei Document Annual Report
DocumentAnnualReport
true
CY2023 dei Document Period End Date
DocumentPeriodEndDate
2023-12-31
CY2023 dei Document Transition Report
DocumentTransitionReport
false
CY2023 dei Entity File Number
EntityFileNumber
000-33123
CY2023 dei Entity Registrant Name
EntityRegistrantName
CHINA AUTOMOTIVE SYSTEMS, INC.
CY2023 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
CY2023 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
33-0885775
CY2023 dei Entity Address Address Line1
EntityAddressAddressLine1
No. 1 Henglong Road, Yu Qiao Development Zone
CY2023 dei Entity Address Address Line2
EntityAddressAddressLine2
Shashi District
CY2023 dei Entity Address Address Line3
EntityAddressAddressLine3
Jing Zhou City
CY2023 dei Entity Address City Or Town
EntityAddressCityOrTown
Hubei Province
CY2023 dei Entity Address Country
EntityAddressCountry
CN
CY2023 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
434000
CY2023 dei City Area Code
CityAreaCode
86
CY2023 dei Local Phone Number
LocalPhoneNumber
716-412-7901
CY2023 dei Security12b Title
Security12bTitle
Common Stock, $0.0001 par value 
CY2023 dei Trading Symbol
TradingSymbol
CAAS
CY2023 dei Security Exchange Name
SecurityExchangeName
NASDAQ
CY2023 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2023 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2023 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2023 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2023 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2023 dei Entity Small Business
EntitySmallBusiness
true
CY2023 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2023 dei Document Fin Stmt Error Correction Flag
DocumentFinStmtErrorCorrectionFlag
false
CY2023 dei Entity Shell Company
EntityShellCompany
false
CY2023Q2 dei Entity Public Float
EntityPublicFloat
52400000
CY2024Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
30185702
CY2023 dei Auditor Firm
AuditorFirmId
1424
CY2023 dei Auditor Name
AuditorName
PricewaterhouseCoopers
CY2023 dei Auditor Location
AuditorLocation
42/F New Bund Center, 588 Dongyu Road, Pudong New Area, Shanghai 200126, PRC
CY2023 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
true
CY2023Q4 ecd Trd Arr Securities Agg Avail Amt
TrdArrSecuritiesAggAvailAmt
282100
CY2023 ecd Trd Arr Termination Date
TrdArrTerminationDate
August 30, 2024
CY2023 ecd Trd Arr Adoption Date
TrdArrAdoptionDate
April 22, 2008
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
114660000
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
121216000
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
40534000
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
37735000
CY2023Q4 us-gaap Short Term Investments
ShortTermInvestments
11084000
CY2022Q4 us-gaap Short Term Investments
ShortTermInvestments
12861000
CY2023Q4 us-gaap Inventory Net
InventoryNet
112392000
CY2022Q4 us-gaap Inventory Net
InventoryNet
112236000
CY2023Q4 us-gaap Assets Current
AssetsCurrent
564075000
CY2022Q4 us-gaap Assets Current
AssetsCurrent
520718000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
101359000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
106606000
CY2023Q4 caas Rights Of Use Assets Net
RightsOfUseAssetsNet
9233000
CY2022Q4 caas Rights Of Use Assets Net
RightsOfUseAssetsNet
9555000
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
3865000
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1273000
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
278000
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
477000
CY2023Q4 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
8647000
CY2022Q4 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
0
CY2023Q4 caas Allowance For Non Trade Receivables Non Current
AllowanceForNonTradeReceivablesNonCurrent
49000
CY2022Q4 caas Allowance For Non Trade Receivables Non Current
AllowanceForNonTradeReceivablesNonCurrent
50000
CY2023Q4 us-gaap Nontrade Receivables Noncurrent
NontradeReceivablesNoncurrent
598000
CY2022Q4 us-gaap Nontrade Receivables Noncurrent
NontradeReceivablesNoncurrent
46000
CY2023Q4 us-gaap Long Term Investments
LongTermInvestments
60173000
CY2022Q4 us-gaap Long Term Investments
LongTermInvestments
59810000
CY2023Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
8899000
CY2022Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
7652000
CY2023Q4 us-gaap Assets
Assets
766440000
CY2022Q4 us-gaap Assets
Assets
714352000
CY2023Q4 us-gaap Short Term Bank Loans And Notes Payable
ShortTermBankLoansAndNotesPayable
48005000
CY2022Q4 us-gaap Short Term Bank Loans And Notes Payable
ShortTermBankLoansAndNotesPayable
45671000
CY2023Q4 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
8633000
CY2022Q4 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
5654000
CY2023Q4 us-gaap Other Employee Related Liabilities Current
OtherEmployeeRelatedLiabilitiesCurrent
11282000
CY2022Q4 us-gaap Other Employee Related Liabilities Current
OtherEmployeeRelatedLiabilitiesCurrent
11628000
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
44771000
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
48311000
CY2023Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
17267000
CY2022Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
17598000
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
203000
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
226000
CY2023Q4 us-gaap Liabilities Current
LiabilitiesCurrent
383739000
CY2022Q4 us-gaap Liabilities Current
LiabilitiesCurrent
364195000
CY2023Q4 caas Advance Payable Non Current
AdvancePayableNonCurrent
282000
CY2022Q4 caas Advance Payable Non Current
AdvancePayableNonCurrent
2144000
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
52000
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
255000
CY2023Q4 us-gaap Other Long Term Debt Noncurrent
OtherLongTermDebtNoncurrent
1221000
CY2022Q4 us-gaap Other Long Term Debt Noncurrent
OtherLongTermDebtNoncurrent
528000
CY2023Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
3943000
CY2022Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
4010000
CY2023Q4 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
8781000
CY2022Q4 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
15805000
CY2023Q4 us-gaap Liabilities
Liabilities
398018000
CY2022Q4 us-gaap Liabilities
Liabilities
386937000
CY2023Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
613000
CY2022Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
582000
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
80000000
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
80000000
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
32338302
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
32338302
CY2023Q4 us-gaap Common Stock Value
CommonStockValue
3000
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
3000
CY2023Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
63731000
CY2022Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
63731000
CY2023Q4 us-gaap Retained Earnings Appropriated
RetainedEarningsAppropriated
11851000
CY2022Q4 us-gaap Retained Earnings Appropriated
RetainedEarningsAppropriated
11851000
CY2023Q4 us-gaap Retained Earnings Unappropriated
RetainedEarningsUnappropriated
284832000
CY2022Q4 us-gaap Retained Earnings Unappropriated
RetainedEarningsUnappropriated
247174000
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-8258000
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-3413000
CY2023Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
2152600
CY2022Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
2152600
CY2023Q4 us-gaap Treasury Stock Value
TreasuryStockValue
7695000
CY2022Q4 us-gaap Treasury Stock Value
TreasuryStockValue
7695000
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
344464000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
311651000
CY2023Q4 us-gaap Minority Interest
MinorityInterest
23345000
CY2022Q4 us-gaap Minority Interest
MinorityInterest
15182000
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
367809000
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
326833000
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
766440000
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
714352000
CY2023 us-gaap Revenues
Revenues
576354000
CY2022 us-gaap Revenues
Revenues
529551000
CY2023 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
472603000
CY2022 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
446157000
CY2023 us-gaap Gross Profit
GrossProfit
103751000
CY2022 us-gaap Gross Profit
GrossProfit
83394000
CY2023 caas Gain Loss On Other Sales
GainLossOnOtherSales
5788000
CY2022 caas Accretion To Redemption Value Of Redeemable Noncontrolling Interest
AccretionToRedemptionValueOfRedeemableNoncontrollingInterest
30000
CY2023 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
32813000
CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-6949000
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
344464000
CY2022 caas Gain Loss On Other Sales
GainLossOnOtherSales
3696000
CY2023 us-gaap Selling Expense
SellingExpense
15610000
CY2022 us-gaap Selling Expense
SellingExpense
16910000
CY2023 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
25503000
CY2022 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
26120000
CY2023 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
29181000
CY2022 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
36109000
CY2023 us-gaap Operating Expenses
OperatingExpenses
70294000
CY2022 us-gaap Operating Expenses
OperatingExpenses
79139000
CY2023 us-gaap Operating Income Loss
OperatingIncomeLoss
39245000
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
7951000
CY2023 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
5345000
CY2022 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
5782000
CY2023 us-gaap Interest Expense
InterestExpense
1021000
CY2022 us-gaap Interest Expense
InterestExpense
1450000
CY2023 caas Finance Income Expenses Net
FinanceIncomeExpensesNet
4666000
CY2022 caas Finance Income Expenses Net
FinanceIncomeExpensesNet
10753000
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
48235000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
23036000
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5137000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3082000
CY2023 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-360000
CY2022 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2389000
CY2023 us-gaap Profit Loss
ProfitLoss
42738000
CY2022 us-gaap Profit Loss
ProfitLoss
22343000
CY2023 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
5050000
CY2022 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1132000
CY2023 caas Accretion To Redemption Value Of Redeemable Noncontrolling Interest
AccretionToRedemptionValueOfRedeemableNoncontrollingInterest
30000
CY2022 caas Accretion To Redemption Value Of Redeemable Noncontrolling Interest
AccretionToRedemptionValueOfRedeemableNoncontrollingInterest
30000
CY2023 us-gaap Net Income Loss
NetIncomeLoss
37658000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
21181000
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.25
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.69
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.25
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.69
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
30185702
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
30639102
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
30189421
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
30641274
CY2023 us-gaap Profit Loss
ProfitLoss
42738000
CY2022 us-gaap Profit Loss
ProfitLoss
22343000
CY2023 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-5191000
CY2022 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-29934000
CY2023 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
37547000
CY2022 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-7591000
CY2023 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
4704000
CY2022 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-672000
CY2023 caas Accretion To Redemption Value Of Redeemable Noncontrolling Interest
AccretionToRedemptionValueOfRedeemableNoncontrollingInterest
30000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
311651000
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
367809000
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
326833000
CY2023 us-gaap Profit Loss
ProfitLoss
42738000
CY2022 us-gaap Profit Loss
ProfitLoss
22343000
CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
18708000
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
25173000
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1319000
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1243000
CY2023 caas Increase Decrease In Allowance For Doubtful Accounts
IncreaseDecreaseInAllowanceForDoubtfulAccounts
-1564000
CY2022 caas Increase Decrease In Allowance For Doubtful Accounts
IncreaseDecreaseInAllowanceForDoubtfulAccounts
-4404000
CY2023 caas Impairment Loss On Prepayment For Acquisition Of Subsidiary
ImpairmentLossOnPrepaymentForAcquisitionOfSubsidiary
0
CY2022 caas Impairment Loss On Prepayment For Acquisition Of Subsidiary
ImpairmentLossOnPrepaymentForAcquisitionOfSubsidiary
2676000
CY2023 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-360000
CY2022 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
2389000
CY2023 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
794000
CY2022 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2023 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
3000
CY2022 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-58000
CY2023 us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
50699000
CY2022 us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
36935000
CY2023 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
3881000
CY2022 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
41000
CY2023 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1654000
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
5368000
CY2023 us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
556000
CY2022 us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
0
CY2023 caas Increase Decrease In Accounts And Notes Payable
IncreaseDecreaseInAccountsAndNotesPayable
22024000
CY2022 caas Increase Decrease In Accounts And Notes Payable
IncreaseDecreaseInAccountsAndNotesPayable
27271000
CY2023 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
3091000
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
3580000
CY2023 us-gaap Increase Decrease In Other Employee Related Liabilities
IncreaseDecreaseInOtherEmployeeRelatedLiabilities
77000
CY2022 us-gaap Increase Decrease In Other Employee Related Liabilities
IncreaseDecreaseInOtherEmployeeRelatedLiabilities
1628000
CY2023 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-2667000
CY2022 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
1158000
CY2023 us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
-6835000
CY2022 us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
2925000
CY2023 caas Increase Or Decrease In Advance Payable
IncreaseOrDecreaseInAdvancePayable
-1836000
CY2022 caas Increase Or Decrease In Advance Payable
IncreaseOrDecreaseInAdvancePayable
297000
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
19906000
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
48023000
CY2023 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
68550000
CY2022 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
80244000
CY2023 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
63240000
CY2022 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
75144000
CY2023 caas Increase Decrease In Other Receivable
IncreaseDecreaseInOtherReceivable
0
CY2022 caas Increase Decrease In Other Receivable
IncreaseDecreaseInOtherReceivable
-292000
CY2023 us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
0
CY2022 us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
146000
CY2023 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
2790000
CY2022 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1514000
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
18235000
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
20296000
CY2023 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
3445000
CY2022 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
188000
CY2023 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
3292000
CY2022 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
3986000
CY2023 caas Increase Decrease In Equity Method Investments
IncreaseDecreaseInEquityMethodInvestments
7729000
CY2022 caas Increase Decrease In Equity Method Investments
IncreaseDecreaseInEquityMethodInvestments
12802000
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-28637000
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-32740000
CY2023 us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
64776000
CY2022 us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
51898000
CY2023 us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
61437000
CY2022 us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
49917000
CY2023 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2434000
CY2023 caas Repayments Of Borrowing For Sale And Leaseback Transactions
RepaymentsOfBorrowingForSaleAndLeasebackTransactions
0
CY2022 caas Repayments Of Borrowing For Sale And Leaseback Transactions
RepaymentsOfBorrowingForSaleAndLeasebackTransactions
1130000
CY2023 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
3459000
CY2022 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
6798000
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1583000
CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-1824000
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-14248000
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-3757000
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-548000
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
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
155194000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
158951000
CY2023 us-gaap Interest Paid Net
InterestPaidNet
1145000
CY2022 us-gaap Interest Paid Net
InterestPaidNet
1492000
CY2023 us-gaap Income Taxes Paid
IncomeTaxesPaid
7965000
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
4044000
CY2023 caas Property Plant Equipment Value Recorded For Which Advance Paid
PropertyPlantEquipmentValueRecordedForWhichAdvancePaid
2699000
CY2022 caas Property Plant Equipment Value Recorded For Which Advance Paid
PropertyPlantEquipmentValueRecordedForWhichAdvancePaid
2473000
CY2023 caas Account Payable For Acquiring Property Plant And Equipment
AccountPayableForAcquiringPropertyPlantAndEquipment
960000
CY2022 caas Account Payable For Acquiring Property Plant And Equipment
AccountPayableForAcquiringPropertyPlantAndEquipment
985000
CY2023 caas Operating Lease Assets Acquisition
OperatingLeaseAssetsAcquisition
278000
CY2022 caas Operating Lease Assets Acquisition
OperatingLeaseAssetsAcquisition
477000
CY2023 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>
CY2023Q4 caas Accounts And Financing Receivable Allowance For Credit Loss Current
AccountsAndFinancingReceivableAllowanceForCreditLossCurrent
17200000
CY2023Q4 caas Accounts And Financing Receivable Allowance For Credit Loss Noncurrent
AccountsAndFinancingReceivableAllowanceForCreditLossNoncurrent
0
CY2023 caas Rights Of Use Land Pledged With Net Book Value
RightsOfUseLandPledgedWithNetBookValue
4800000
CY2022 caas Rights Of Use Land Pledged With Net Book Value
RightsOfUseLandPledgedWithNetBookValue
5100000
CY2023 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
300000
CY2022 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
200000
CY2021Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
36572000
CY2023 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, 2023 and 2022, 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;">2023</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;">2022</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;"> 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;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;"> 36,572</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;"> 11,309</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;"> 10,941</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;"> (12,676)</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;"> (11,877)</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;"> (628)</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 0pt 0.05pt 0pt;"> (3,201)</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;"> 30,440</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;"> 32,435</p></td></tr></table>
CY2022Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
32435000
CY2023 us-gaap Standard Product Warranty Accrual Additions From Business Acquisition
StandardProductWarrantyAccrualAdditionsFromBusinessAcquisition
11309000
CY2022 us-gaap Standard Product Warranty Accrual Additions From Business Acquisition
StandardProductWarrantyAccrualAdditionsFromBusinessAcquisition
10941000
CY2023 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
12676000
CY2022 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
11877000
CY2023 us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-628000
CY2022 us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-3201000
CY2023Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
30440000
CY2022Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
32435000
CY2023Q4 caas Employee Benefit Plan Funded Percentage Local
EmployeeBenefitPlanFundedPercentageLocal
0.35
CY2022Q4 caas Employee Benefit Plan Funded Percentage Local
EmployeeBenefitPlanFundedPercentageLocal
0.35
CY2023Q4 caas Employee Benefit Plan Funded Percentage Foreign
EmployeeBenefitPlanFundedPercentageForeign
0.26
CY2022Q4 caas Employee Benefit Plan Funded Percentage Foreign
EmployeeBenefitPlanFundedPercentageForeign
0.26
CY2023 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 2023, the Company’s five largest customers accounted for 40.4% of the Company’s consolidated sales, with one customer accounting for more than 10% of consolidated sales (i.e., 17.2% of consolidated sales, which comprised a total of $99.0 million in sales included in the Hubei Henglong segment (Note 25)).</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 25)).</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">At December 31, 2023 and 2022, approximately 7.3% and 8.0% 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>
CY2023Q4 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.0475
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y3M18D
CY2023Q4 caas Notes Receivable Pledged As Collateral
NotesReceivablePledgedAsCollateral
11500000
CY2022Q4 caas Notes Receivable Pledged As Collateral
NotesReceivablePledgedAsCollateral
13700000
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
16122000
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
12859000
CY2023 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2002000
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
5371000
CY2023 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
463000
CY2022 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
967000
CY2023 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
410000
CY2023 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
-248000
CY2022 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
-1141000
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
17003000
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
16122000
CY2023Q4 us-gaap Value Added Tax Receivable Current
ValueAddedTaxReceivableCurrent
8957000
CY2022Q4 us-gaap Value Added Tax Receivable Current
ValueAddedTaxReceivableCurrent
4283000
CY2023Q4 us-gaap Advances On Inventory Purchases
AdvancesOnInventoryPurchases
3206000
CY2022Q4 us-gaap Advances On Inventory Purchases
AdvancesOnInventoryPurchases
3942000
CY2023Q4 caas Prepayment For Research And Development Service
PrepaymentForResearchAndDevelopmentService
1553000
CY2022Q4 caas Prepayment For Research And Development Service
PrepaymentForResearchAndDevelopmentService
748000
CY2023Q4 us-gaap Prepaid Taxes
PrepaidTaxes
948000
CY2022Q4 us-gaap Prepaid Taxes
PrepaidTaxes
1287000
CY2023Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
448000
CY2022Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
713000
CY2023Q4 caas Prepayment For Share Repurchase Program
PrepaymentForShareRepurchaseProgram
9000
CY2022Q4 caas Prepayment For Share Repurchase Program
PrepaymentForShareRepurchaseProgram
754000
CY2023Q4 us-gaap Other Assets Current
OtherAssetsCurrent
900000
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
734000
CY2023Q4 caas Prepaid Expense And Other Assets Gross Current
PrepaidExpenseAndOtherAssetsGrossCurrent
16021000
CY2022Q4 caas Prepaid Expense And Other Assets Gross Current
PrepaidExpenseAndOtherAssetsGrossCurrent
12461000
CY2023Q4 caas Prepaid Expense And Other Assets Allowance For Doubtful Accounts Current
PrepaidExpenseAndOtherAssetsAllowanceForDoubtfulAccountsCurrent
22000
CY2022Q4 caas Prepaid Expense And Other Assets Allowance For Doubtful Accounts Current
PrepaidExpenseAndOtherAssetsAllowanceForDoubtfulAccountsCurrent
115000
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
15999000
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
12346000
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
62760000
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
71371000
CY2023Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
28505000
CY2022Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
24502000
CY2023Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
17123000
CY2022Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
16001000
CY2023Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
4004000
CY2022Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
362000
CY2023Q4 us-gaap Inventory Net
InventoryNet
112392000
CY2022Q4 us-gaap Inventory Net
InventoryNet
112236000
CY2023 us-gaap Valuation Allowances And Reserves Adjustments
ValuationAllowancesAndReservesAdjustments
4800000
CY2022 us-gaap Valuation Allowances And Reserves Adjustments
ValuationAllowancesAndReservesAdjustments
4700000
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
328363000
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
323101000
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
226436000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
216495000
CY2023Q4 caas Accumulated Impairment Long Lived Assets
AccumulatedImpairmentLongLivedAssets
568000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
101359000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
106606000
CY2023 us-gaap Depreciation
Depreciation
17200000
CY2022 us-gaap Depreciation
Depreciation
24200000
CY2023Q4 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
43300000
CY2022Q4 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
51600000
CY2023Q4 us-gaap Finite Lived Patents Gross
FiniteLivedPatentsGross
7055000
CY2022Q4 us-gaap Finite Lived Patents Gross
FiniteLivedPatentsGross
3756000
CY2023Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
2340000
CY2022Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
2266000
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
9395000
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
6022000
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
5530000
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
4749000
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
3865000
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1273000
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1000000.0
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
600000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1006000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
892000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
778000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
734000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
429000
CY2023Q4 us-gaap Long Term Investments
LongTermInvestments
60173000
CY2022Q4 us-gaap Long Term Investments
LongTermInvestments
59810000
CY2023Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
3943000
CY2022Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
4010000
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
349000
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Foreign
DeferredTaxAssetsOperatingLossCarryforwardsForeign
7967000
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Foreign
DeferredTaxAssetsOperatingLossCarryforwardsForeign
11371000
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Warranty Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsWarrantyReserves
8198000
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Warranty Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsWarrantyReserves
8525000
CY2023Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
7510000
CY2022Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
7506000
CY2023Q4 caas Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Bonus
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsBonus
222000
CY2022Q4 caas Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Bonus
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsBonus
252000
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther
1869000
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther
2163000
CY2023Q4 caas Deferred Tax Assets Temporary Difference On Revenue Recognition
DeferredTaxAssetsTemporaryDifferenceOnRevenueRecognition
1248000
CY2022Q4 caas Deferred Tax Assets Temporary Difference On Revenue Recognition
DeferredTaxAssetsTemporaryDifferenceOnRevenueRecognition
1294000
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Other
DeferredTaxAssetsTaxDeferredExpenseOther
3215000
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Other
DeferredTaxAssetsTaxDeferredExpenseOther
2175000
CY2023Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
30229000
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
33635000
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
18981000
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
23270000
CY2023Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
11248000
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
10365000
CY2023Q4 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
DeferredTaxLiabilitiesUndistributedForeignEarnings
3943000
CY2022Q4 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
DeferredTaxLiabilitiesUndistributedForeignEarnings
4010000
CY2023Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
2349000
CY2022Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
2713000
CY2023Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
6292000
CY2022Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
6723000
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
1700000
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
19000000.0
CY2023Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
8899000
CY2022Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
7652000
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
23270000
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
22788000
CY2023 caas Provision For Valuation Allowance
ProvisionForValuationAllowance
589000
CY2022 caas Provision For Valuation Allowance
ProvisionForValuationAllowance
5058000
CY2023 caas Valuation Allowance Recoveries
ValuationAllowanceRecoveries
4511000
CY2022 caas Valuation Allowance Recoveries
ValuationAllowanceRecoveries
2721000
CY2023 caas Valuation Allowance Foreign Currency Translation
ValuationAllowanceForeignCurrencyTranslation
-367000
CY2022 caas Valuation Allowance Foreign Currency Translation
ValuationAllowanceForeignCurrencyTranslation
-1855000
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
18981000
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
23270000
CY2023Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
48005000
CY2022Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
45671000
CY2023Q4 caas Long Term Government Loan
LongTermGovernmentLoan
1221000
CY2022Q4 caas Long Term Government Loan
LongTermGovernmentLoan
528000
CY2023Q4 caas Total Bank And Government Loan
TotalBankAndGovernmentLoan
49226000
CY2022Q4 caas Total Bank And Government Loan
TotalBankAndGovernmentLoan
46199000
CY2023Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
195800000
CY2022Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
148300000
CY2023 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
49200000
CY2022 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
46200000
CY2023Q4 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.026
CY2022Q4 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.029
CY2023Q4 caas Accounts And Notes Payable Current
AccountsAndNotesPayableCurrent
253578000
CY2022Q4 caas Accounts And Notes Payable Current
AccountsAndNotesPayableCurrent
235107000
CY2023Q4 caas Cash Pledged As Collateral
CashPledgedAsCollateral
39300000
CY2022Q4 caas Cash Pledged As Collateral
CashPledgedAsCollateral
37600000
CY2023Q4 caas Notes Receivable Pledged As Collateral For Notes Payable
NotesReceivablePledgedAsCollateralForNotesPayable
11500000
CY2022Q4 caas Notes Receivable Pledged As Collateral For Notes Payable
NotesReceivablePledgedAsCollateralForNotesPayable
13700000
CY2023Q4 caas Property Plant And Equipment And Land Use Right Pledged As Collateral
PropertyPlantAndEquipmentAndLandUseRightPledgedAsCollateral
47400000
CY2022Q4 caas Property Plant And Equipment And Land Use Right Pledged As Collateral
PropertyPlantAndEquipmentAndLandUseRightPledgedAsCollateral
39600000
CY2023Q4 caas Accrued Expenses Current
AccruedExpensesCurrent
10464000
CY2022Q4 caas Accrued Expenses Current
AccruedExpensesCurrent
9652000
CY2023Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
30440000
CY2022Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
32435000
CY2022Q4 caas Payable For Investment
PayableForInvestment
2043000
CY2023Q4 caas Payables For Oversea Transportation And Custom Clearance Current
PayablesForOverseaTransportationAndCustomClearanceCurrent
400000
CY2022Q4 caas Payables For Oversea Transportation And Custom Clearance Current
PayablesForOverseaTransportationAndCustomClearanceCurrent
294000
CY2023Q4 us-gaap Dividends Payable Current
DividendsPayableCurrent
424000
CY2022Q4 us-gaap Dividends Payable Current
DividendsPayableCurrent
431000
CY2022Q4 caas Accrued Interest Current
AccruedInterestCurrent
465000
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
3043000
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2991000
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
44771000
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
48311000
CY2023Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
3104000
CY2022Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
3470000
CY2023Q4 caas Tariffs Payable Current
TariffsPayableCurrent
3548000
CY2022Q4 caas Tariffs Payable Current
TariffsPayableCurrent
7061000
CY2023Q4 us-gaap Tax Cuts And Jobs Act Of2017 Transition Tax For Accumulated Foreign Earnings Liability Current
TaxCutsAndJobsActOf2017TransitionTaxForAccumulatedForeignEarningsLiabilityCurrent
7024000
CY2022Q4 us-gaap Tax Cuts And Jobs Act Of2017 Transition Tax For Accumulated Foreign Earnings Liability Current
TaxCutsAndJobsActOf2017TransitionTaxForAccumulatedForeignEarningsLiabilityCurrent
5270000
CY2023Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
2293000
CY2022Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
680000
CY2023Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
1298000
CY2022Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
1117000
CY2023Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
17267000
CY2022Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
17598000
CY2023Q4 us-gaap Tax Cuts And Jobs Act Of2017 Transition Tax For Accumulated Foreign Earnings Liability
TaxCutsAndJobsActOf2017TransitionTaxForAccumulatedForeignEarningsLiability
15805000
CY2022Q4 us-gaap Tax Cuts And Jobs Act Of2017 Transition Tax For Accumulated Foreign Earnings Liability
TaxCutsAndJobsActOf2017TransitionTaxForAccumulatedForeignEarningsLiability
21075000
CY2023Q4 us-gaap Tax Cuts And Jobs Act Of2017 Transition Tax For Accumulated Foreign Earnings Liability Current
TaxCutsAndJobsActOf2017TransitionTaxForAccumulatedForeignEarningsLiabilityCurrent
7024000
CY2022Q4 us-gaap Tax Cuts And Jobs Act Of2017 Transition Tax For Accumulated Foreign Earnings Liability Current
TaxCutsAndJobsActOf2017TransitionTaxForAccumulatedForeignEarningsLiabilityCurrent
5270000
CY2023Q4 us-gaap Tax Cuts And Jobs Act Of2017 Transition Tax For Accumulated Foreign Earnings Liability Noncurrent
TaxCutsAndJobsActOf2017TransitionTaxForAccumulatedForeignEarningsLiabilityNoncurrent
8781000
CY2022Q4 us-gaap Tax Cuts And Jobs Act Of2017 Transition Tax For Accumulated Foreign Earnings Liability Noncurrent
TaxCutsAndJobsActOf2017TransitionTaxForAccumulatedForeignEarningsLiabilityNoncurrent
15805000
CY2017Q4 us-gaap Tax Cuts And Jobs Act Of2017 Transition Tax For Accumulated Foreign Earnings Liability
TaxCutsAndJobsActOf2017TransitionTaxForAccumulatedForeignEarningsLiability
35600000
CY2023Q4 caas Onetime Transition Tax Payablecurrent
OnetimeTransitionTaxPayablecurrent
5300000
CY2022Q4 caas Onetime Transition Tax Payablecurrent
OnetimeTransitionTaxPayablecurrent
2800000
CY2020Q3 caas Redeemable Noncontrolling Interest Redemption Price Percentage
RedeemableNoncontrollingInterestRedemptionPricePercentage
0.06
CY2020Q3 us-gaap Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
500000
CY2023 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
30000.00
CY2022 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
30000.00
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
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
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
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
7500
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
2.37
CY2023 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
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
22500
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
6.26
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
P5Y
CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
0
CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
0
CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0
CY2023 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0
CY2023 caas Statutory Accounting Practices Statutory Surplus Required Percentage
StatutoryAccountingPracticesStatutorySurplusRequiredPercentage
0.10
CY2023 caas Percentage Of Statutory Surplus Reserve
PercentageOfStatutorySurplusReserve
0.50
CY2023Q4 us-gaap Statutory Accounting Practices Statutory Capital And Surplus Required
StatutoryAccountingPracticesStatutoryCapitalAndSurplusRequired
0
CY2023 caas Statutory Accounting Practices Statutory Capital And Surplus Reserve
StatutoryAccountingPracticesStatutoryCapitalAndSurplusReserve
0
CY2022 caas Statutory Accounting Practices Statutory Capital And Surplus Reserve
StatutoryAccountingPracticesStatutoryCapitalAndSurplusReserve
400000
CY2018Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
5000000.0
CY2023 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0
CY2022 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
666074
CY2023 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
0
CY2022 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
2400000
CY2023 caas Income From Government Subsidies
IncomeFromGovernmentSubsidies
3777000
CY2022 caas Income From Government Subsidies
IncomeFromGovernmentSubsidies
6270000
CY2023 us-gaap Investment Income Net
InvestmentIncomeNet
1465000
CY2022 us-gaap Investment Income Net
InvestmentIncomeNet
1912000
CY2023 caas Charity Donation1
CharityDonation1
103000
CY2022 caas Charity Donation1
CharityDonation1
140000
CY2022 caas Investment Income Loss Expenses
InvestmentIncomeLossExpenses
-2540000
CY2023 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
5345000
CY2022 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
5782000
CY2022Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
18000000.0
CY2023 us-gaap Investment Income Interest
InvestmentIncomeInterest
3355000
CY2022 us-gaap Investment Income Interest
InvestmentIncomeInterest
9833000
CY2023 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
1524000
CY2022 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
1247000
CY2023 caas Handling Charge
HandlingCharge
213000
CY2022 caas Handling Charge
HandlingCharge
327000
CY2023 caas Finance Income Expenses Net
FinanceIncomeExpensesNet
4666000
CY2022 caas Finance Income Expenses Net
FinanceIncomeExpensesNet
10753000
CY2023 caas Percentage Owned In Holding Company To Avail Withholding Tax Of Five Percent
PercentageOwnedInHoldingCompanyToAvailWithholdingTaxOfFivePercent
0.25
CY2023 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
CY2023 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%.
CY2023 caas Increase In Income Tax Expense Benefit Percentage
IncreaseInIncomeTaxExpenseBenefitPercentage
0.25
CY2023 us-gaap Undistributed Earnings
UndistributedEarnings
302100000
CY2022 us-gaap Undistributed Earnings
UndistributedEarnings
270400000
CY2023 caas Tax Provision On Retained Earning Not Reinvested
TaxProvisionOnRetainedEarningNotReinvested
30200000
CY2022 caas Tax Provision On Retained Earning Not Reinvested
TaxProvisionOnRetainedEarningNotReinvested
27000000.0
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 caas Effective Income Tax Rate Reconciliation Tax Cuts And Jobs Act Transition Tax On Accumulated Foreign Earnings Amount1
EffectiveIncomeTaxRateReconciliationTaxCutsAndJobsActTransitionTaxOnAccumulatedForeignEarningsAmount1
35100000
CY2018 caas Effective Income Tax Rate Reconciliation Tax Cuts And Jobs Act Of2017 Adjustment One Time Transition Tax
EffectiveIncomeTaxRateReconciliationTaxCutsAndJobsActOf2017AdjustmentOneTimeTransitionTax
500000
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
48235000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
23036000
CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
10129000
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
4838000
CY2023 us-gaap Income Tax Reconciliation Deductions
IncomeTaxReconciliationDeductions
5674000
CY2022 us-gaap Income Tax Reconciliation Deductions
IncomeTaxReconciliationDeductions
7089000
CY2023 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
1669000
CY2022 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
599000
CY2023 us-gaap Effective Income Tax Rate Reconciliation Gilti Amount
EffectiveIncomeTaxRateReconciliationGiltiAmount
3228000
CY2022 us-gaap Effective Income Tax Rate Reconciliation Gilti Amount
EffectiveIncomeTaxRateReconciliationGiltiAmount
0
CY2023 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-293000
CY2022 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
2597000
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5137000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3082000
CY2023 us-gaap Net Income Loss
NetIncomeLoss
37658000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
21181000
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
30185702
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
30639102
CY2023 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
3719
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2172
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
30189421
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
30641274
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.25
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.69
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.25
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.69
CY2023 caas Minimum Percentage Of Profit Allocated To Foreign Investment
MinimumPercentageOfProfitAllocatedToForeignInvestment
0.10
CY2023 caas Registered Capital Percentage
RegisteredCapitalPercentage
0.50
CY2023Q4 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
20498000
CY2023Q4 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
6333000
CY2023Q4 us-gaap Contractual Obligation
ContractualObligation
26831000
CY2023Q4 caas Number Of Product Sectors
NumberOfProductSectors
15
CY2023Q4 caas Number Of Principal Profit Makers
NumberOfPrincipalProfitMakers
6
CY2023Q4 caas Number Of Holding Company
NumberOfHoldingCompany
1
CY2023Q4 caas Number Of Sectors Engaged In Production And Sale Of Products
NumberOfSectorsEngagedInProductionAndSaleOfProducts
9
CY2022Q4 caas Number Of Product Sectors
NumberOfProductSectors
15
CY2022Q4 caas Number Of Principal Profit Makers
NumberOfPrincipalProfitMakers
6
CY2022Q4 caas Number Of Holding Company
NumberOfHoldingCompany
1
CY2022Q4 caas Number Of Sectors Engaged In Production And Sale Of Products
NumberOfSectorsEngagedInProductionAndSaleOfProducts
9
CY2023 caas Sales Revenues Net
SalesRevenuesNet
576354000
CY2022 caas Sales Revenues Net
SalesRevenuesNet
529551000
CY2023 us-gaap Profit Loss
ProfitLoss
42738000
CY2022 us-gaap Profit Loss
ProfitLoss
22343000
CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
18708000
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
25173000
CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
21680000
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
20484000
CY2023Q4 us-gaap Assets
Assets
766440000
CY2022Q4 us-gaap Assets
Assets
714352000
CY2023 caas Sales Revenues Net
SalesRevenuesNet
576354000
CY2022 caas Sales Revenues Net
SalesRevenuesNet
529551000
CY2023Q4 us-gaap Long Term Investments And Receivables Net
LongTermInvestmentsAndReceivablesNet
129428000
CY2022Q4 us-gaap Long Term Investments And Receivables Net
LongTermInvestmentsAndReceivablesNet
124899000
CY2023Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
8900000
CY2022Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
7700000
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
3900000
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1300000

Files In Submission

Name View Source Status
0001410578-24-000335-index-headers.html Edgar Link pending
0001410578-24-000335-index.html Edgar Link pending
0001410578-24-000335.txt Edgar Link pending
0001410578-24-000335-xbrl.zip Edgar Link pending
caas-20231231.xsd Edgar Link pending
caas-20231231x10k.htm Edgar Link pending
caas-20231231xex23d1.htm Edgar Link pending
caas-20231231xex31d1.htm Edgar Link pending
caas-20231231xex31d2.htm Edgar Link pending
caas-20231231xex32d1.htm Edgar Link pending
caas-20231231xex32d2.htm Edgar Link pending
caas-20231231xex3d1iii.htm Edgar Link pending
caas-20231231xex97.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R100.htm Edgar Link pending
R101.htm Edgar Link pending
R102.htm Edgar Link pending
R103.htm Edgar Link pending
R104.htm Edgar Link pending
R105.htm Edgar Link pending
R106.htm Edgar Link pending
R107.htm Edgar Link pending
R108.htm Edgar Link pending
R109.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
caas-20231231_def.xml Edgar Link unprocessable
caas-20231231_lab.xml Edgar Link unprocessable
caas-20231231_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
caas-20231231x10k_htm.xml Edgar Link completed
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R74.htm Edgar Link pending
R75.htm Edgar Link pending
R76.htm Edgar Link pending
R77.htm Edgar Link pending
R78.htm Edgar Link pending
R79.htm Edgar Link pending
R8.htm Edgar Link pending
R80.htm Edgar Link pending
R81.htm Edgar Link pending
R82.htm Edgar Link pending
R83.htm Edgar Link pending
R84.htm Edgar Link pending
R85.htm Edgar Link pending
R86.htm Edgar Link pending
R87.htm Edgar Link pending
R88.htm Edgar Link pending
R89.htm Edgar Link pending
R9.htm Edgar Link pending
R90.htm Edgar Link pending
R91.htm Edgar Link pending
R92.htm Edgar Link pending
R93.htm Edgar Link pending
R94.htm Edgar Link pending
R95.htm Edgar Link pending
R96.htm Edgar Link pending
R97.htm Edgar Link pending
R98.htm Edgar Link pending
R99.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
caas-20231231_cal.xml Edgar Link unprocessable