| Address:
|
NO. 1, HENGLONG ROAD
YU QIAO DEVELOPMENT ZONE,JINGZHOU CICITY |
| City: |
HUBEI PROVINCE |
|
State: |
|
|
Zip Code: |
XXXXX |
| Telephone: |
0716-8324631 |
|
Description of Business
|
Primary SIC Code:
3714 |
| (As filed with the SEC)
|
|
|
China Automotive Systems, Inc., "China Automotive" or the "Company," was
incorporated in the State of Delaware on June 29, 1999 under the name
Visions-In-Glass, Inc. On or around March 5, 2003, the Company acquired all of
the issued and outstanding equity interests of Great Genesis Holdings Limited,
"Genesis," a corporation organized under the laws of the Hong Kong Special
Administrative Region, China, by issuance of 20,914,250 shares of common stock
to certain sellers. After the acquisition, the Company continued the operations
of Genesis. On May 19, 2003, the Company changed its name from Visions-In-Glass,
Inc. to China Automotive Systems, Inc. Presently, Genesis owns interests in
eight Sino-joint ventures in the People's Republic of China, "China" or the
"PRC," which manufacture power steering systems and/or related products for
different segments of the automobile industry. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 09/2011 | 0.34 | NA | 13.88 | | 06/2011 | 0.88 | NA | 9.81 | | 03/2011 | 1.48 | NA | 6.01 | | 12/2010 | 1.10 | NA | 12.38 | | 09/2010 | -0.03 | NA | N/E | | 06/2010 | 1.11 | NA | 15.86 | | 03/2010 | 1.04 | NA | 22.21 | | 12/2009 | 0.78 | NA | 23.99 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | 1.81 | Total Liab/Total Assets | 0.72 | | Net Inc/Total Assets | 0.13 | Total Liab/Inv Cap | 3.38 | | Net Inc/Inv Cap | 0.60 | Total Liab/Comm Equity | 10.25 | | Pretax Inc/Net Sales | 0.21 | Interest Coverage Ratio | 22.25 | | Net Inc/Net Sales | 0.15 | Curr Debt/Equity | 0.55 | | Cash Flow/Net Sales | 0.11 | LTD/Equity | NA | | SG&A/NetSales | 0.06 | Total Debt/Equity | 0.55 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 1.90 | Quick Ratio | 1.07 | | Inventory Turnover | 8.26 | Current Ratio | 1.21 | | Inventory Day Sales | 0.02 | Net Rec/Curr Assets | 0.65 | | Net Sales/Work Cap | 6.38 | Inv/Curr Assets | 0.12 | | Net Sales/PP&E | 4.59 | | |
Income Statement (Millions) |
| |
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Total Revenues(Net Sales)
|
75.00
|
82.51
|
91.01
|
100.51
|
|
Cost of Goods Sold
|
61.22
|
67.71
|
71.03
|
80.72
|
|
Selling & Admin Exps
|
6.48
|
5.57
|
5.94
|
3.96
|
|
Operating Income
|
5.96
|
7.64
|
11.73
|
12.27
|
|
Interest Exp
|
NA
|
NA
|
NA
|
3.36
|
|
Pretax Income
|
13.88
|
6.97
|
24.04
|
16.31
|
|
Other Income
|
9.20
|
-0.11
|
13.37
|
6.47
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
10.11
|
4.34
|
19.64
|
12.30
|
|
Assets
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Cash & Short Term Investments
|
76.07
|
55.43
|
40.64
|
49.42
|
|
Receivables - Total
|
201.39
|
210.50
|
219.25
|
203.28
|
|
Inventories - Total
|
51.30
|
45.68
|
47.49
|
36.87
|
|
Total Current Assets
|
353.04
|
336.52
|
332.38
|
310.56
|
|
Net Property, Plant & Equipment
|
81.64
|
79.87
|
77.82
|
75.38
|
|
Total Assets
|
452.26
|
434.85
|
430.71
|
405.22
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
200.86
|
199.01
|
200.43
|
193.58
|
|
Debt in Current Liabilities
|
11.80
|
3.09
|
6.86
|
62.07
|
|
Total Current Liabilities
|
213.68
|
204.10
|
208.47
|
256.37
|
|
Long-Term Debt
|
25.73
|
33.52
|
33.37
|
NA
|
|
Total Liabilities
|
288.15
|
284.34
|
286.94
|
292.94
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
40.80
|
39.74
|
38.77
|
35.97
|
|
Preferred Stock
|
0.00
|
0.00
|
0.00
|
0.00
|
|
Common Stock
|
0.00
|
0.00
|
0.00
|
0.00
|
|
Retained Earnings
|
92.82
|
82.71
|
78.62
|
58.98
|
|
Treasury Stock
|
NA
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
164.11
|
150.52
|
143.78
|
112.27
|
|
Total Liabilities and Stockholders' Equity
|
452.26
|
434.85
|
430.71
|
405.22
|
Cash Flow Summary (Millions) |
|
Categories
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Net Cash Provided by Operating Activities
|
15.24
|
19.95
|
-3.46
|
8.95
|
|
Net Cash Provided by Investing Activities
|
-2.55
|
-1.85
|
-5.77
|
-6.71
|
|
Net Cash Provided by Financing Activities
|
6.96
|
-3.83
|
-0.04
|
-2.58
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2006 | 95.77 | 4.81 | 0.21 | | 12/2007 | 133.60 | 8.86 | 0.37 | | 12/2008 | 163.18 | 12.44 | 0.46 | | 12/2009 | 255.60 | -26.44 | 0.78 | | 12/2010 | 345.93 | 51.74 | 1.10 | | Growth Rates | 37.86 | -- | 51.28 |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 33 | 862 | 3.07 |
|
Report Date :
1/30/2012
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