China Automotive Systems Reports Record Earnings Per Share and Net Sales in 2025
Fourth Quarter 2025 Highlights
- Net sales increased by 21.4% year-over-year to
$229.2 million - Gross profit increased by 79.8% to
$53.0 million from$29.5 million . Gross margin of 23.1% compared to 15.6% in the fourth quarter of 2024 - Operating income grew 108.0% to
$18.1 million , compared with$8.7 million in the fourth quarter of 2024 - Net income attributable to parent company's common shareholders was
$18.4 million , or diluted net income per share of$0.61 , compared to net income of$9.1 million , or diluted net income per share of$0.30 in the fourth quarter of 2024.
Fiscal Year 2025 Highlights
- Net sales increased by 17.6% to an annual record of
$765.7 million compared to$650.9 million in 2024; Net sales of EPS product grew by 25.5% - Gross profit increased by 33.2% to
$145.5 million compared to$109.2 million in 2024. Gross margin increased to 19.0%, compared with 16.8% in 2024 - Operating income increased by 33.2% to
$53.6 million from$40.3 million in 2024 - Diluted net income per share increased by 43.4% to a record
$1.42 in 2025 compared to$0.99 in 2024 - Total cash and cash equivalents, pledged cash, short-term investments and long-term time deposit were
$256.7 million at year end - Net cash flow provided by operating activities was
$111.6 million in 2025, compared with$9.8 million in 2024 - Capex was
$37.2 million , compared with$43.7 million in 2024.
Mr. Qizhou Wu, Chief Executive Officer of CAAS, commented, "The 2025 year was marked by higher sales growth, improved profitability, strengthened finances, higher cash flow from operations and organizational changes. Our traditional hydraulic steering products grew by 12.6% in 2025 as our more advanced electric power steering ("EPS") grew by 25.5%. Domestically, our steering product sales benefitted as Chinese branded vehicles continued to experience higher sales and capture more market share."
"Our strategy of selling a broad portfolio of steering products into multiple markets resulted in a range of sales growth both domestically and internationally. In our major market segments, we achieved higher sales in all except for sales to Chery Auto. Our operations in
"Improved profitability reflected the ongoing success of our transition to higher technology-focused steering products and improved manufacturing activities. In 2025, our Jingzhou Henglong subsidiary won its first R-EPS product order from a large, well-known European automobile producer. Also, Shashi Jiulong's L2+ standard electro-hydraulic steering system entered mass production in 2025. This system utilizes cutting-edge electro-hydraulic control technology; a power steering system used in heavy-duty vehicles that utilizes both hydraulic power and electronic controls to assist with steering. The Company also launched its active rear-wheel steering using its ball screw and nut mechanisms to provide the ability to adapt steering strategies to different vehicle speeds, boosting our ADAS capabilities. Another subsidiary,
"In
Mr.
Fourth Quarter of 2025
In the fourth quarter of 2025, net sales increased by 21.4% to
Gross profit increased by 79.8% to
Selling expenses were $5.0 million in the fourth quarter of 2025, compared with
General and administrative expenses ("G&A expenses") were
Research and development expenses ("R&D expenses") were
Operating income was
Interest expense was
Financial expense was
Income before income tax expenses and equity in earnings of affiliated companies increased by 121.0% to
Income tax expense was
Net income attributable to parent company's common shareholders increased by 103.2% to
The weighted average number of diluted common shares outstanding was 30,170,702 compared to 30,180,947 in the fourth quarter of 2024.
Fiscal Year 2025
Net sales increased by 17.6% to an annual record of
Gross profit in 2025 increased by 33.2% year-over-year to
Net gain on other sales in 2025 was
Selling expenses rose by 15.9% year-over-year to
G&A expenses increased by 7.0% year-over-year to
R&D expenses increased by 63.0% year-over-year to
Operating income increased by 33.2% year-over-year to
Interest expense was
Net financial income was
Income before income tax expenses and equity in earnings of affiliated companies increased by 39.1% year-over-year to
Income tax expense was
Net income attributable to parent company's common shareholders was a record
The weighted average number of diluted common shares outstanding was 30,170,702 in 2025 compared with 30,184,513 in 2024.
Balance Sheet
As of
Business Outlook
Management provides revenue guidance for the fiscal year 2026 of
Conference Call
Management will conduct a conference call on
Phone Number: +1-888-506-0062 (
Phone Number: +1-973-528-0011 (International)
Mainland
A replay of the call will be available on the Company's website under the investor relations section.
About
Based in
Forward-Looking Statements
This press release contains statements that are "forward-looking statements" as defined under the Private Securities Litigation Reform Act of 1995. Forward-looking statements represent our estimates and assumptions only as of the date of this press release. Our actual results may differ materially from the results described in or anticipated by our forward-looking statements due to certain risks and uncertainties. As a result, the Company's actual results could differ materially from those contained in these forward-looking statements due to a number of factors, including those described under the heading "Risk Factors" in the Company's Annual Report on Form 20-F as filed with the Securities and Exchange Commission on
For further information, please contact:
Chief Financial Officer
Email: jieli@chl.com.cn
Investor Relations
+1-212-510-8922
Email: Kevin@awakenlab.com
-Tables Follow –
CONSOLIDATED BALANCE SHEETS
(In thousands of
|
|
|
|
|
|
|
|
|
|
|
|
||||
|
|
|
2025 |
|
2024 |
||
|
ASSETS |
|
|
|
|
|
|
|
Current assets: |
|
|
|
|
|
|
|
Cash and cash equivalents |
|
$ |
142,001 |
|
$ |
56,961 |
|
Pledged cash |
|
|
52,280 |
|
|
44,863 |
|
Short-term investments |
|
|
35,930 |
|
|
27,563 |
|
Accounts and notes receivable, net - unrelated parties (Allowance for credit losses of |
|
|
346,038 |
|
|
329,275 |
|
Accounts and notes receivable, net - related parties (Allowance for credit losses of |
|
|
15,741 |
|
|
14,224 |
|
Advance payments and others, net - unrelated parties (Allowance for credit losses of |
|
|
12,621 |
|
|
10,838 |
|
Advance payments and others - related parties |
|
|
2,118 |
|
|
2,202 |
|
Inventories |
|
|
124,418 |
|
|
112,558 |
|
Other assets |
|
|
7,038 |
|
|
4,154 |
|
Total current assets |
|
|
738,185 |
|
|
602,638 |
|
Non-current assets: |
|
|
|
|
|
|
|
Property, plant and equipment, net |
|
|
133,548 |
|
|
103,820 |
|
Land use rights, net |
|
|
11,656 |
|
|
8,835 |
|
Intangible assets, net |
|
|
3,599 |
|
|
3,417 |
|
Operating lease assets |
|
|
— |
|
|
94 |
|
Long-term time deposits |
|
|
26,505 |
|
|
40,057 |
|
Other receivables, net (Allowance for credit losses of nil and |
|
|
987 |
|
|
452 |
|
Advance payment for property, plant and equipment - unrelated parties |
|
|
3,830 |
|
|
2,414 |
|
Advance payment for property, plant and equipment - related parties |
|
|
1,359 |
|
|
6,570 |
|
Other non-current assets |
|
|
4 |
|
|
3,202 |
|
Long-term investments |
|
|
65,515 |
|
|
64,332 |
|
Deferred tax assets |
|
|
16,510 |
|
|
14,748 |
|
Total assets |
|
$ |
1,001,698 |
|
$ |
850,579 |
|
|
|
|
|
|
|
|
|
LIABILITIES AND STOCKHOLDERS' EQUITY |
|
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
|
Short-term bank loans |
|
$ |
81,341 |
|
$ |
72,566 |
|
Accounts and notes payable - unrelated parties |
|
|
334,304 |
|
|
281,065 |
|
Accounts and notes payable - related parties |
|
|
16,033 |
|
|
11,743 |
|
Customer deposits |
|
|
5,504 |
|
|
4,447 |
|
Accrued payroll and related costs |
|
|
15,141 |
|
|
12,063 |
|
Accrued expenses and other payables |
|
|
76,138 |
|
|
59,238 |
|
Taxes payable |
|
|
12,980 |
|
|
15,308 |
|
Operating lease liabilities - current portion |
|
|
— |
|
|
52 |
|
Total current liabilities |
|
|
541,441 |
|
|
456,482 |
|
Long-term liabilities: |
|
|
|
|
|
|
|
Advances payable |
|
|
— |
|
|
278 |
|
Operating lease liabilities - non-current portion |
|
|
— |
|
|
— |
|
Long-term loans |
|
|
5,691 |
|
|
145 |
|
Deferred tax liabilities |
|
|
3,864 |
|
|
3,885 |
|
Long-term taxes payable |
|
|
— |
|
|
— |
|
|
|
|
|
|
|
|
|
Total liabilities |
|
|
550,996 |
|
|
460,790 |
|
Commitments and Contingencies |
|
|
|
|
|
|
|
Equity |
|
|
|
|
|
|
|
Ordinary share,
Common stock, |
|
|
32 |
|
|
3 |
|
Additional paid-in capital |
|
|
70,505 |
|
|
69,656 |
|
Retained earnings- |
|
|
|
|
|
|
|
Appropriated |
|
|
13,827 |
|
|
12,180 |
|
Unappropriated |
|
|
331,464 |
|
|
290,273 |
|
Accumulated other comprehensive income |
|
|
(6,726) |
|
|
(14,780) |
|
|
|
|
(7,763) |
|
|
(7,763) |
|
Total parent company equity |
|
|
401,339 |
|
|
349,569 |
|
Non-controlling interests |
|
|
49,363 |
|
|
40,220 |
|
Total equity |
|
|
450,702 |
|
|
389,789 |
|
Total liabilities and equity |
|
$ |
1,001,698 |
|
$ |
850,579 |
CONSOLIDATED STATEMENTS OF INCOME OR LOSS
(In thousands of
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended |
|||||||
|
|
|
2025 |
|
2024 |
|
2023 |
|||
|
Net product sales ( |
|
$ |
765,736 |
|
$ |
650,935 |
|
$ |
576,354 |
|
Cost of products sold ( |
|
|
620,273 |
|
|
541,751 |
|
|
472,603 |
|
Gross profit |
|
|
145,463 |
|
|
109,184 |
|
|
103,751 |
|
Net gain on other sales |
|
|
3,581 |
|
|
4,303 |
|
|
5,788 |
|
Operating expenses: |
|
|
|
|
|
|
|
|
|
|
Selling expenses |
|
|
20,692 |
|
|
17,855 |
|
|
15,610 |
|
General and administrative expenses |
|
|
29,660 |
|
|
27,728 |
|
|
25,503 |
|
Research and development expenses |
|
|
45,061 |
|
|
27,649 |
|
|
29,181 |
|
Total operating expenses |
|
|
95,413 |
|
|
73,232 |
|
|
70,294 |
|
Operating income |
|
|
53,631 |
|
|
40,255 |
|
|
39,245 |
|
Other income, net |
|
|
7,109 |
|
|
5,776 |
|
|
5,345 |
|
Interest expense |
|
|
(1,702) |
|
|
(1,813) |
|
|
(1,021) |
|
Financial income/(expense), net |
|
|
2,362 |
|
|
(87) |
|
|
4,666 |
|
Income before income tax expenses and equity in earnings of affiliated companies |
|
|
61,400 |
|
|
44,131 |
|
|
48,235 |
|
Less: Income taxes |
|
|
11,576 |
|
|
5,892 |
|
|
5,137 |
|
Add: Equity in earnings of affiliated companies |
|
|
2,088 |
|
|
(340) |
|
|
(360) |
|
Net income |
|
|
51,912 |
|
|
37,899 |
|
|
42,738 |
|
Net income attributable to non-controlling interest |
|
|
9,074 |
|
|
7,897 |
|
|
5,050 |
|
Accretion to redemption value of redeemable non-controlling interests |
|
|
— |
|
|
(23) |
|
|
(30) |
|
Net income attributable to parent company's common shareholders |
|
|
42,838 |
|
|
29,979 |
|
|
37,658 |
|
|
|
|
|
|
|
|
|
|
|
|
Net income attributable to parent company's common shareholders per share - |
|
|
|
|
|
|
|
|
|
|
Basic |
|
$ |
1.42 |
|
$ |
0.99 |
|
$ |
1.25 |
|
Diluted |
|
$ |
1.42 |
|
$ |
0.99 |
|
$ |
1.25 |
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average number of common shares outstanding - |
|
|
|
|
|
|
|
|
|
|
Basic |
|
|
30,170,702 |
|
|
30,184,513 |
|
|
30,185,702 |
|
Diluted |
|
|
30,170,702 |
|
|
30,184,513 |
|
|
30,189,421 |
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
OR LOSS
(In thousands of
|
|
|
Year Ended December 31, |
|||||||||
|
|
|
2025 |
|
|
2024 |
|
|
|
2023 |
||
|
|
|
|
|
|
|
|
|
|
|
||
|
Net income |
|
|
51,912 |
|
|
|
37,899 |
|
|
|
42,738 |
|
Other comprehensive income: |
|
|
|
|
|
|
|
|
|
|
|
|
Foreign currency translation gain /(loss) |
|
|
9,200 |
|
|
|
(7,123) |
|
|
|
(5,191) |
|
Comprehensive income |
|
|
61,112 |
|
|
|
30,776 |
|
|
|
37,547 |
|
Comprehensive income attributable to non-controlling interest |
|
|
10,220 |
|
|
|
7,296 |
|
|
|
4,704 |
|
Accretion to redemption value of redeemable non-controlling interest |
|
|
— |
|
|
|
(23) |
|
|
|
(30) |
|
Comprehensive income attributable to parent company |
|
$ |
50,892 |
|
|
$ |
23,457 |
|
|
$ |
32,813 |
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
(In thousands of
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2025 |
|
2024 |
|
2023 |
|||
|
Ordinary shares/Common stock (prior to Redomicile Merger) |
|
|
|
|
|
|
|
|
|
|
Balance at |
|
$ |
3 |
|
$ |
3 |
|
$ |
3 |
|
Recapitalization in connection with Redomicile Merger |
|
|
29 |
|
|
— |
|
|
— |
|
Balance at |
|
$ |
32 |
|
$ |
3 |
|
$ |
3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at |
|
$ |
69,656 |
|
$ |
63,731 |
|
$ |
63,731 |
|
Change in non-controlling shareholder's interest in the Brazil Henglong |
|
|
— |
|
|
(66) |
|
|
— |
|
Contribution by the non-controlling interest of Henglong KYB |
|
|
878 |
|
|
5,991 |
|
|
— |
|
Recapitalization in connection with Redomicile Merger |
|
|
(29) |
|
|
— |
|
|
— |
|
Balance at |
|
$ |
70,505 |
|
$ |
69,656 |
|
$ |
63,731 |
|
|
|
|
|
|
|
|
|
|
|
|
Retained Earnings - Appropriated |
|
|
|
|
|
|
|
|
|
|
Balance at |
|
$ |
12,180 |
|
$ |
11,851 |
|
$ |
11,851 |
|
Appropriation of retained earnings |
|
|
1,647 |
|
|
329 |
|
|
— |
|
Balance at |
|
$ |
13,827 |
|
$ |
12,180 |
|
$ |
11,851 |
|
|
|
|
|
|
|
|
|
|
|
|
Unappropriated |
|
|
|
|
|
|
|
|
|
|
Balance at |
|
$ |
290,273 |
|
$ |
284,832 |
|
$ |
247,174 |
|
Net income attributable to parent company |
|
|
42,838 |
|
|
30,002 |
|
|
37,688 |
|
Accretion of redeemable non-controlling interests |
|
|
— |
|
|
(23) |
|
|
(30) |
|
Appropriation of retained earnings |
|
|
(1,647) |
|
|
(329) |
|
|
— |
|
Dividend payables to common shareholders |
|
|
— |
|
|
(24,149) |
|
|
— |
|
Dividend payables to non-controlling interests |
|
|
— |
|
|
(60) |
|
|
— |
|
Balance at |
|
$ |
331,464 |
|
$ |
290,273 |
|
$ |
284,832 |
|
|
|
|
|
|
|
|
|
|
|
|
Accumulated Other Comprehensive Loss |
|
|
|
|
|
|
|
|
|
|
Balance at |
|
$ |
(14,780) |
|
$ |
(8,258) |
|
$ |
(3,413) |
|
Net foreign currency translation adjustment attributable to parent company |
|
|
8,054 |
|
|
(6,522) |
|
|
(4,845) |
|
Balance at |
|
$ |
(6,726) |
|
$ |
(14,780) |
|
$ |
(8,258) |
|
|
|
|
|
|
|
|
|
|
|
|
Treasury Stock |
|
|
|
|
|
|
|
|
|
|
Balance at |
|
$ |
(7,763) |
|
$ |
(7,695) |
|
$ |
(7,695) |
|
Repurchase of common stock in 2025, 2024 and 2023 – nil, 15,000 and nil shares, respectively |
|
|
— |
|
|
(68) |
|
|
— |
|
Balance at |
|
$ |
(7,763) |
|
$ |
(7,763) |
|
$ |
(7,695) |
|
|
|
|
|
|
|
|
|
|
|
|
Total parent company equity |
|
$ |
401,339 |
|
$ |
349,569 |
|
$ |
344,464 |
|
|
|
|
|
|
|
|
|
|
|
|
Non-controlling Interest |
|
|
|
|
|
|
|
|
|
|
Balance at |
|
$ |
40,220 |
|
$ |
23,345 |
|
$ |
15,182 |
|
Net foreign currency translation adjustment attributable to non-controlling shareholder |
|
|
1,146 |
|
|
(601) |
|
|
(346) |
|
Net income attributable to non-controlling interest |
|
|
9,074 |
|
|
7,897 |
|
|
5,050 |
|
Change in non-controlling shareholder's interest in the Brazil Henglong |
|
|
— |
|
|
66 |
|
|
— |
|
Contribution by non-controlling shareholder of Henglong KYB |
|
|
(878) |
|
|
9,513 |
|
|
— |
|
Contribution by non-controlling shareholder of Wuhan Hyoseong |
|
|
— |
|
|
— |
|
|
3,459 |
|
Distribution of cash dividends to non-controlling interests |
|
|
(199) |
|
|
— |
|
|
— |
|
Balance at |
|
$ |
49,363 |
|
$ |
40,220 |
|
$ |
23,345 |
|
|
|
|
|
|
|
|
|
|
|
|
Total equity |
|
$ |
450,702 |
|
$ |
389,789 |
|
$ |
367,809 |
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands of
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended |
|||||||
|
|
|
2025 |
|
2024 |
|
2023 |
|||
|
Cash flows from operating activities: |
|
|
|
|
|
|
|
|
|
|
Net income |
|
$ |
51,912 |
|
$ |
37,899 |
|
$ |
42,738 |
|
Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
|
|
|
|
|
|
|
Depreciation and amortization |
|
|
14,259 |
|
|
20,224 |
|
|
18,708 |
|
Deferred income taxes |
|
|
(1,444) |
|
|
(6,036) |
|
|
(1,319) |
|
(Reversal) of/ allowance for credit losses |
|
|
(620) |
|
|
(953) |
|
|
1,564 |
|
Equity in (gain)/loss of affiliates |
|
|
(2,088) |
|
|
340 |
|
|
360 |
|
Impairment loss on property, plant and equipment |
|
|
628 |
|
|
886 |
|
|
794 |
|
Loss/(gain) on disposal of fixed assets |
|
|
997 |
|
|
1,300 |
|
|
(3) |
|
(Increase)/decrease in: |
|
|
|
|
|
|
|
|
|
|
Other assets and other non-current assets |
|
|
474 |
|
|
(7,356) |
|
|
— |
|
Accounts and notes receivable |
|
|
(9,615) |
|
|
(77,692) |
|
|
(50,699) |
|
Advance payments and others |
|
|
(1,451) |
|
|
2,737 |
|
|
(3,881) |
|
Inventories |
|
|
(9,159) |
|
|
(1,791) |
|
|
(1,654) |
|
Other receivables |
|
|
(516) |
|
|
138 |
|
|
(556) |
|
Increase/(decrease) in: |
|
|
|
|
|
|
|
|
|
|
Accounts and notes payable |
|
|
50,068 |
|
|
40,391 |
|
|
22,024 |
|
Customer deposits |
|
|
940 |
|
|
(4,097) |
|
|
3,091 |
|
Accrued payroll and related costs |
|
|
2,760 |
|
|
956 |
|
|
77 |
|
Accrued expenses and other payables |
|
|
17,458 |
|
|
13,275 |
|
|
(2,667) |
|
Taxes payable |
|
|
(2,693) |
|
|
(10,457) |
|
|
(6,835) |
|
Advances payable |
|
|
(278) |
|
|
12 |
|
|
(1,836) |
|
Net cash provided by operating activities |
|
|
111,632 |
|
|
9,776 |
|
|
19,906 |
|
|
|
|
|
|
|
|
|
|
|
|
Cash flows from investing activities: |
|
|
|
|
|
|
|
|
|
|
Purchase of short-term investments and long-term time deposits |
|
|
(32,205) |
|
|
(77,859) |
|
|
(68,550) |
|
Proceeds from maturities of short-term investments |
|
|
38,557 |
|
|
29,442 |
|
|
63,240 |
|
Cash received from property, plant and equipment sales |
|
|
169 |
|
|
20,510 |
|
|
2,790 |
|
Cash paid to acquire property, plant and equipment and land use right (including |
|
|
(37,189) |
|
|
(43,656) |
|
|
(18,235) |
|
Cash paid to acquire intangible assets |
|
|
(3,145) |
|
|
(804) |
|
|
(3,445) |
|
Cash received from long-term investment |
|
|
3,443 |
|
|
316 |
|
|
3,292 |
|
Investment under equity method |
|
|
(1,120) |
|
|
(5,880) |
|
|
(7,729) |
|
Net cash used in investing activities |
|
|
(31,490) |
|
|
(77,931) |
|
|
(28,637) |
|
|
|
|
|
|
|
|
|
|
|
|
Cash flows from financing activities: |
|
|
|
|
|
|
|
|
|
|
Proceeds from bank loans |
|
|
35,262 |
|
|
83,357 |
|
|
64,776 |
|
Repayment of bank loans and loans |
|
|
(21,421) |
|
|
(58,995) |
|
|
(61,437) |
|
Dividends paid to the common shareholders |
|
|
(2,190) |
|
|
(22,433) |
|
|
— |
|
Dividends paid to non-controlling shareholder |
|
|
(199) |
|
|
— |
|
|
— |
|
Repurchase of common shares |
|
|
— |
|
|
(68) |
|
|
— |
|
Cash received from capital contributions by a non-controlling shareholder |
|
|
— |
|
|
15,504 |
|
|
3,459 |
|
Net cash provided by financing activities |
|
|
11,452 |
|
|
17,365 |
|
|
6,798 |
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents affected by foreign currency |
|
|
863 |
|
|
(2,580) |
|
|
(1,824) |
|
Net increase/(decrease) in cash, cash equivalents and pledged cash |
|
|
92,457 |
|
|
(53,370) |
|
|
(3,757) |
|
Cash, cash equivalents and pledged cash at beginning of year |
|
|
101,824 |
|
|
155,194 |
|
|
158,951 |
|
Cash, cash equivalents and pledged cash at end of year |
|
$ |
194,281 |
|
$ |
101,824 |
|
$ |
155,194 |
CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)
(In thousands of
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended |
|||||||
|
|
|
2025 |
|
2024 |
|
2023 |
|||
|
Cash paid for interest |
|
$ |
1,702 |
|
$ |
1,792 |
|
$ |
1,145 |
|
Cash paid for income taxes |
|
$ |
20,454 |
|
$ |
18,507 |
|
$ |
7,965 |
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES:
Non-cash investing activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended |
|||||||
|
|
|
2025 |
|
2024 |
|
2023 |
|||
|
Property, plant and equipment recorded during the year which previously were advance payments |
|
$ |
8,287 |
|
$ |
3,595 |
|
$ |
2,699 |
|
Change in accounts payable for acquiring property, plant and equipment |
|
$ |
448 |
|
$ |
3,527 |
|
$ |
960 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended |
|||||||
|
|
|
2025 |
|
2024 |
|
2023 |
|||
|
Supplemental disclosure of acquisition of operating lease assets |
|
$ |
— |
|
$ |
— |
|
$ |
278 |
View original content:https://www.prnewswire.com/news-releases/china-automotive-systems-reports-record-earnings-per-share-and-net-sales-in-2025-302749833.html
SOURCE
