China Automotive Systems(US:CAAS) Jin Rong Jie·2025-08-20 14:24Core Viewpoint - The company, China Automotive Systems (CAAS), is experiencing a mixed financial performance with a revenue increase but a decline in net profit, indicating potential challenges ahead in the automotive steering systems market [1]. Financial Performance - As of March 31, 2025, CAAS reported total revenue of $167 million, representing a year-on-year growth of 19.87% [1]. - The net profit attributable to the parent company was $7.122 million, which reflects a year-on-year decrease of 13.85% [1]. Market Activity - On August 20, CAAS's stock price increased by 2.73%, reaching $4.14 per share, with a trading volume of $33,100 and a total market capitalization of $125 million [1]. - The company is scheduled to disclose its fiscal year 2025 interim report on August 13, prior to the market opening [1]. Company Background - China Automotive Systems, based in Hubei, China, is a leading supplier in the automotive power steering systems and components industry, operating through 16 subsidiaries [1]. - The company has nearly 30 years of experience in the manufacturing of automotive power steering systems [1].