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China Automotive Systems (CAAS)
NASDAQ:CAAS
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
0.36Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 28, 2025
|% Change Since: -21.29%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant sales growth, particularly in EPS products, and a strong domestic market performance. However, these positives were tempered by challenges such as declining North American sales, reduced net income, and lower gross margins. Despite these challenges, the company shows confidence in its financial health, as reflected in the special dividend payout.Company Guidance
During the China Automotive Systems conference call for the fourth quarter and fiscal year 2024, the company provided guidance for 2025, projecting revenue growth to reach $700 million. This forecast reflects an anticipated increase of $50 million over the previous year, primarily driven by a 30% year-over-year growth in sales of electric power steering (EPS) products. In 2024, net sales increased by 12.9% to $650.9 million, with EPS sales accounting for 38.9% of total revenue. The company's gross profit for 2024 rose by 5.2% to $109.2 million, although the gross margin decreased slightly to 16.8% due to changes in product mix. Operating expenses were well-managed, rising only 4.2% against a net sales increase of 12.9%. The management highlighted that R&D expenses were focused on EPS and autonomous driving technologies, with a total of $27.6 million spent in 2024. The company also reported a net income of $30 million, equating to $0.99 per share, and emphasized its commitment to shareholder value through initiatives like a special cash dividend and a share buyback program.Record Net Sales Increase
Net sales increased by 12.9% year-over-year to a record $650.9 million in 2024, driven by a 29.9% rise in EPS product sales.
Strong Domestic Growth
Henglong reported a 20% increase in domestic sales to passenger vehicles, with significant contributions from sales to Chery Auto and KYB EPS products.
Special Cash Dividend
A special cash dividend of $0.80 per common share, totaling approximately $22.4 million, was paid to shareholders, reflecting confidence in sustainable sales growth.
EPS Product Expansion
EPS sales accounted for 38.9% of total revenue in 2024, up from 33.8% in 2023, indicating a strong shift towards electric power steering systems.
Positive Cash Flow
Net cash provided by operating activities was $9.8 million in 2024, showcasing effective cash flow management.
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CAAS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CAAS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 28, 2025 | $5.26 | $4.78 | -9.13% |
| Nov 13, 2024 | $4.62 | $4.41 | -4.55% |
| Aug 13, 2024 | $3.78 | $3.98 | +5.29% |
| May 14, 2024 | $2.86 | $2.88 | +0.70% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does China Automotive Systems (CAAS) report earnings?
China Automotive Systems (CAAS) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is China Automotive Systems (CAAS) earnings time?
China Automotive Systems (CAAS) earnings time is at May 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CAAS EPS forecast?
Currently, no data Available
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