China Automotive Systems Inc chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 17.52
Dividend & YieldN/A$ (N/A)
Beta 2.05
Market capitalization 200.8M
Operating cash flow 65.81M
ESG Scores unknown

Company description

China Automotive Systems, Inc., through its subsidiaries, manufactures and sells automotive systems and components in the People's Republic of China. It produces rack and pinion power steering gears for cars and light-duty vehicles; integral power steering gears for heavy-duty vehicles; power steering parts for light duty vehicles; sensor modules; automobile steering systems and columns; and automobile electronic and hydraulic power steering systems and parts. The company also offers automotive motors and electromechanical integrated systems; polymer materials; and intelligent automotive technology research and development services. In addition, it provides after sales services, and research and development support services, as well as markets automotive parts in North America and Brazil. The company primarily sells its products to the original equipment manufacturing customers. China Automotive Systems, Inc. was incorporated in 1999 and is headquartered in Jingzhou, the People's Republic of China.

Sector: Consumer Cyclical - Industry: Auto Parts

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities -22.84M -21.58M 27.34M -1.93M
Total Cashflows From Investing Activities 2.45M -27.33M -23.76M 2.96M
Net Borrowings -4.78M -12.64M -17.4M -2.04M
Total Cash From Financing Activities 10.12M -10.74M -19.83M -3.12M
Change To Operating Activities 3.49M 4.4M 9.82M -3.66M
Issuance Of Stock
Net Income 2.38M 9.96M -4.98M 11.05M
Change In Cash 19.88M -9.57M 21.66M 31.44M
Effect Of Exchange Rate -5.22M -1.81M 7.82M 3.32M
Total Cash From Operating Activities 12.53M 30.31M 57.43M 28.27M
Depreciation 16.82M 17.85M 22.06M 27.11M
Change To Account Receivables 27.53M 21.04M 7.29M 26.56M
Other Cashflows From Financing Activities 15.2M 3.21M 553k -1.07M
Change To Netincome -5.45M -4.04M -524k -673k
Capital Expenditures -25.76M -34.41M -15.82M -9.26M

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development 33.55M 27.99M 25.72M 28.23M
Income Before Tax -1.39M 8.97M -8.11M 14.73M
Net Income 2.38M 9.96M -4.98M 11.05M
Selling General Administrative 36.48M 31.89M 39.91M 40.28M
Gross Profit 64.2M 62.02M 54.13M 71.13M
Ebit -3.35M 5.55M -8.02M 5.91M
Operating Income -3.35M 5.55M -8.02M 5.91M
Interest Expense -2.93M -3.03M -1.59M -1.44M
Income Tax Expense -1.47M 586k 2.16M 4M
Total Revenue 496.16M 431.43M 417.64M 497.99M
Cost Of Revenue 431.96M 369.41M 363.5M 426.86M
Total Other Income ExpenseNet 1.97M 3.42M -88k 8.82M
Net Income From Continuing Ops 79k 8.38M -10.27M 10.73M
Net Income Applicable To Common Shares 2.38M 9.96M -4.98M 11.05M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 385.67M 350.6M 387.64M 379.32M
Total Stockholder Equity 285.88M 289.31M 303.22M 321.03M
Other Current Liabilities 40.08M 37.46M 45.05M 45.83M
Total Assets 690.5M 660.16M 707.56M 716.76M
Common Stock 3k 3k 3k 3k
Other Current Assets 47.17M 42.83M 45.81M 41.1M
Retained Earnings 222.54M 232.56M 226.79M 237.84M
Treasury Stock -1.1M -7.72M 12.15M 19.46M
Cash 86.35M 76.72M 97.25M 131.69M
Total Current Liabilities 341.3M 303.78M 354.48M 351.82M
Other Stockholder Equity 1.85M -3.46M 17.41M 24.72M
Property, Plant, and Equipment 122.31M 140.86M 141.26M 127.86M
Total Current Assets 495.43M 441.31M 475.66M 501.38M
Net Tangible Assets 277.73M 277.61M 290.72M 308.49M
Net Receivables 256.34M 233M 234.14M 210.34M
Accounts Payable 210.12M 186.67M 225.25M 228.05M


Insider Transactions

Here are the insider transactions of stock shares related to China Automotive Systems Inc:

Filer Name Transaction Text Ownership Date Filer Relation Shares
LI JIESale at price 9.00 - 9.13 per share.D2020-12-03Chief Financial Officer50k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to China Automotive Systems Inc. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on China Automotive Systems Inc

Here is the result of two systematic investment strategies applied to China Automotive Systems Inc. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on China Automotive Systems Inc

The following chart shows the equity curve of the two systematic investment strategies applied to China Automotive Systems Inc:

China Automotive Systems Inc automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 26.74% on the backtest period.

Performance at glance

Performance

26.74 %

Latent gain

468.98 $

Invested capital

1754.1 $

Annualized return

6.52 %
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Momentum strategy results on China Automotive Systems Inc

This is the result of two momentum investment strategies applied to China Automotive Systems Inc. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on China Automotive Systems Inc

The following chart shows all the entries opened by the momentum investment system on China Automotive Systems Inc:

China Automotive Systems Inc momentum entries
  • The first momentum investment strategy would give 26.88% of return on China Automotive Systems Inc. That represents 1344.9$ of latent gain with 5003.56$ of employed capital.
  • The second momentum investment strategy would give 22.68% of return on China Automotive Systems Inc. That represents 681.31$ of latent gain with 3003.93$ of employed capital.
Performance at glance (1Q Momentum)

Performance

26.88 %

Latent gain

1344.9 $

Invested capital

5003.56 $

Annualized return

37.01 %
Performance at glance (2Q Momentum)

Performance

22.68 %

Latent gain

681.31 $

Invested capital

3003.93 $

Annualized return

6.27 %

Momentum equity curve on China Automotive Systems Inc

The following chart shows the equity curve of the two momentum strategies applied to China Automotive Systems Inc:

China Automotive Systems Inc momentum equity

Note: the dividends potentially given by China Automotive Systems Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on China Automotive Systems Inc

The following chart shows the employed capital evolution of the two momentum strategies on China Automotive Systems Inc since the beginning:

China Automotive Systems Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on China Automotive Systems Inc

Buy the dip entry openings on China Automotive Systems Inc

China Automotive Systems Inc

The performance achieved by the robo-advisor on China Automotive Systems Inc is 77.73%. That represents 388.24$ of latent gain with 499.5$ of employed capital. The following chart shows China Automotive Systems Inc stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of China Automotive Systems Inc, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

77.73 %

Latent gain

388.24 $

Invested capital

499.5 $

Annualized return

37.01 %

Equity curve of the strategy applied to China Automotive Systems Inc

The following chart shows the result of the investment strategy applied to China Automotive Systems Inc:

China Automotive Systems Inc

Note: the dividends potentially given by China Automotive Systems Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on China Automotive Systems Inc

The following chart shows the employed capital evolution since the beginning of the investment strategy on China Automotive Systems Inc:

China Automotive Systems Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on China Automotive Systems Inc

In this section, I will compare the three previous investment strategies applied to China Automotive Systems Inc.

Equity curve comparison on China Automotive Systems Inc

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

China Automotive Systems Inc investment strategy comparison

Employed capital comparison on China Automotive Systems Inc

China Automotive Systems Inc investment comparison

Performance comparison on China Automotive Systems Inc

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 26.74% 468.98$ 1754.1$ 6.52%
Momentum 1 quarter 26.88% 1344.9$ 5003.56$ 6.96%
Momentum 2 quarters 22.68% 681.31$ 3003.93$ 6.27%
Non-directional 77.73% 388.24$ 499.5$ 37.01%
Annualized return comparison

Automatic investment

6.52 %

Momentum 1Q

6.27 %

Momentum 2Q

6.27 %

Non-directional

37.01 %

Correlated stocks

Here are the most positively and negatively correlated stocks with China Automotive Systems Inc:

Positive correlations

Most correlated stocks this year

  • China Automotive Systems Inc

  • Most correlated stocks last 3 months

  • VIETNAM HOLDING LIMITED ORD USD1
  • MCH GROUP N
  • LUCARA DIAMOND CORP
  • China Automotive Systems Inc

  • Negative correlation

    Most negatively correlated stocks this year


    Most negatively correlated stocks last 3 months


    Note: The algorithm computes the probability of correlation between China Automotive Systems Inc and the other stocks. There may be false positives or some missing correlated stocks. If the price of China Automotive Systems Inc does not vary for 36 weeks, the correlation calculation result will be wrong.


    Company information

    Company name China Automotive Systems Inc
    Country China
    City Jingzhou
    Address No. 1 Henglong Road
    Phone 86 71 6412 7901
    Website www.caasauto.com
    FullTime employees 3949
    Industry Auto Parts
    Sector Consumer Cyclical
    Exchange XNAS
    Ticker CAAS
    Market www.nasdaq.com

    China Automotive Systems Inc ESG Scores

    Environment scores

    Environment ESG Factors Scores
    Environment Score 0
    Peer Environment Performance unknown
    Environment Percentile unknown
    Palm Oil unknown
    Nuclear unknown
    Fur Leather unknown
    GMO unknown
    Coal unknown
    Pesticides unknown
    Animal Testing unknown

    Social scores

    Social ESG Factors Scores
    Social Score 0
    Peer Social Performance unknown
    Social Percentile unknown
    Highest Controversy unknown
    Peer Highest Controversy Performance unknown
    Adult unknown
    Gambling unknown
    Alcoholic unknown
    Tobacco unknown
    Catholic unknown
    Controversial Weapons unknown
    Small Arms unknown
    Military Contract unknown
    Peer Count unknown

    Related Controversy:


    Governance scores

    Governance ESG Factors Scores
    Governance Score 0
    Peer Governance Performance unknown
    Governance Percentile unknown

    ESG at glance
    Total ESG Scores: unknown
    Environment Score: 0
    Social Score: 0
    Governance Score: 0

    ESG Performance: unknown

    Peer Group: unknown

    Peer Esg Score Performance: unknown

    Rating Year: unknown

    Rating Month: unknown

    Max Age: unknown

    Percentile: unknown