China Automotive Systems (CAAS) Financial Statements & Analysis

China Automotive Systems (CAAS) Income Statement

China Automotive Systems reported revenue of $765.74M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 17.6% from $650.93M a year earlier. Net income was $42.84M, up 42.9% year over year, a net margin of 5.6%. Gross margin was 19.0% and operating margin 7.8%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $206.23M, up 17.0% from the same quarter a year earlier.

China Automotive Systems Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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China Automotive Systems, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Mar 2020	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	765.74	650.94	576.35	529.55	497.99	417.64	431.43	496.16	499.06
Cost of Revenue	620.27	541.75	473.62	446.16	425.91	362.30	369.41	430.75	414.43
Gross Profit	145.46	109.18	103.75	83.39	72.08	55.34	62.02	65.41	84.63
Operating Expenses
Research & Development	45.06	27.65	29.18	36.11	28.23	25.72	27.99	33.55	33.54
Selling, General & Administrative	45.51	40.61	38.50	34.36	35.31	31.14	31.89	38.71	34.59
Operating Expenses	85.93	68.93	64.51	71.71	66.56	63.49	55.83	68.32	65.36
Operating Income	59.53	40.26	39.25	11.68	5.52	-8.15	6.19	-2.91	19.27
Other Income/Expense
Interest Income	1.60	2.36	4.67	1.25	1.24	2.28	2.22	2.28	3.44
Interest Expense	1.70	1.81	-1.02	1.45	1.44	1.87	3.42	3.50	2.23
Other Income/Expense	3.96	3.54	8.99	11.89	9.21	0.04	2.79	0.41	1.11
Income
Income Before Tax	63.49	43.79	47.88	23.04	14.73	-8.11	8.97	-2.50	20.38
Income Tax Expense	11.58	5.89	5.14	3.08	4.00	2.16	0.59	-1.47	41.63
Net Income	42.84	29.98	37.66	21.18	11.05	-4.98	9.96	2.38	-19.35
Net Income - Continuous Operations	42.84	29.98	42.74	22.34	11.05	-4.98	9.96	2.38	-19.35
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	77.36	66.17	57.95	49.66	36.95	11.45	23.41	17.24	37.31
EBIT	63.10	45.94	39.25	24.49	9.84	-8.15	-	-	-
Depreciation & Amortization	14.26	20.22	18.71	1.80	27.11	22.06	17.85	16.80	14.70
Earnings Per Share
Basic EPS	1.00	1.00	1.00	1.00	-	-	-	-	-1.00
Diluted EPS	1.00	1.00	1.00	1.00	-	-	-	-	-1.00
Basic Shares Outstanding	30.17	30.18	30.19	30.64	30.85	31.08	31.46	31.64	31.64
Diluted Shares Outstanding	30.17	30.18	30.19	30.64	30.86	31.08	31.46	31.65	31.65

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About China Automotive Systems Financial Statements

What was China Automotive Systems's revenue in fiscal 2025?

China Automotive Systems reported revenue of $765.74M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 17.6% from $650.93M a year earlier.

Is China Automotive Systems profitable?

Yes. China Automotive Systems earned net income of $42.84M in fiscal 2025, a net margin of 5.6%. In fiscal 2024 it earned $29.98M.

What is China Automotive Systems's operating margin?

China Automotive Systems's operating income was $59.53M on revenue of $765.74M in fiscal 2025, an operating margin of 7.8%, compared with 6.2% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition