China Automotive Systems, Inc.

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China Automotive Systems, Inc.

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(NASDAQ:CAAS)
Contact Information
China Automotive Systems, Inc.
No. 1 Henglong Road, Yu Qiao Development Zone, Shashi District
Jing Zhou, Hubei 434000, China
Tel. +86-71-6832-9196

Type: Public
On the web: http://www.caasauto.com
Employees: 3,746
Employee growth: (4.1%)

The Road to Hong Kong is a lot easier to navigate thanks to China Automotive Systems. Through its involvement in seven Chinese auto parts joint ventures, China Automotive Systems manufactures components primarily for the rapidly growing Chinese automotive market. China Automotive Systems has also created Henglong USA (HLUSA) for the purpose of marketing automotive parts in North America. The multinational company is focused on making power steering components and systems. Products include wheel automatic steering assemblies, power steering assemblies, columns assemblies, power steering pumps and hoses, power steering rack and pinion gears, and steering columns.

Key numbers for fiscal year ending December, 2011:
Sales: $349.5M
One year growth: 0.7%
Net income: $40.8M
Income growth: (21.2%)

Officers:
Chairman and CEO: Hanlin Chen
COO and Director: Qizhou Wu
CFO: Jie Li

Competitors:
JTEKT
Shanghai Automotive
ZF Friedrichshafen

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