China Automotive Systems Inc
NASDAQ:CAAS
Income Statement
Earnings Waterfall
China Automotive Systems Inc
Revenue
|
576.4m
USD
|
Cost of Revenue
|
-472.6m
USD
|
Gross Profit
|
103.8m
USD
|
Operating Expenses
|
-70.3m
USD
|
Operating Income
|
33.5m
USD
|
Other Expenses
|
4.2m
USD
|
Net Income
|
37.7m
USD
|
Income Statement
China Automotive Systems Inc
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
415
N/A
|
432
+4%
|
450
+4%
|
461
+2%
|
467
+1%
|
476
+2%
|
470
-1%
|
459
-2%
|
444
-3%
|
437
-1%
|
429
-2%
|
433
+1%
|
462
+7%
|
465
+1%
|
481
+4%
|
505
+5%
|
499
-1%
|
514
+3%
|
522
+2%
|
516
-1%
|
496
-4%
|
471
-5%
|
451
-4%
|
440
-3%
|
431
-2%
|
396
-8%
|
373
-6%
|
387
+4%
|
418
+8%
|
474
+14%
|
512
+8%
|
506
-1%
|
498
-2%
|
504
+1%
|
511
+1%
|
540
+6%
|
530
-2%
|
535
+1%
|
546
+2%
|
546
+0%
|
576
+6%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(339)
|
(354)
|
(368)
|
(375)
|
(379)
|
(388)
|
(382)
|
(375)
|
(364)
|
(358)
|
(354)
|
(353)
|
(381)
|
(383)
|
(394)
|
(415)
|
(414)
|
(429)
|
(444)
|
(445)
|
(431)
|
(414)
|
(395)
|
(382)
|
(368)
|
(335)
|
(320)
|
(338)
|
(362)
|
(411)
|
(440)
|
(431)
|
(426)
|
(437)
|
(437)
|
(462)
|
(446)
|
(445)
|
(455)
|
(452)
|
(473)
|
|
Gross Profit |
77
N/A
|
79
+2%
|
82
+4%
|
86
+5%
|
88
+2%
|
88
+0%
|
88
+0%
|
83
-5%
|
80
-5%
|
79
-1%
|
75
-5%
|
79
+5%
|
81
+2%
|
82
+1%
|
88
+7%
|
90
+3%
|
85
-6%
|
85
+0%
|
78
-8%
|
71
-9%
|
65
-7%
|
58
-12%
|
56
-3%
|
58
+3%
|
63
+9%
|
61
-5%
|
53
-12%
|
49
-7%
|
55
+12%
|
64
+16%
|
72
+13%
|
75
+4%
|
72
-4%
|
67
-7%
|
74
+10%
|
78
+6%
|
83
+7%
|
90
+8%
|
90
N/A
|
94
+4%
|
104
+10%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(48)
|
(49)
|
(51)
|
(53)
|
(55)
|
(56)
|
(57)
|
(56)
|
(54)
|
(55)
|
(55)
|
(57)
|
(62)
|
(62)
|
(66)
|
(70)
|
(73)
|
(76)
|
(76)
|
(72)
|
(72)
|
(68)
|
(66)
|
(66)
|
(62)
|
(59)
|
(58)
|
(59)
|
(68)
|
(74)
|
(77)
|
(78)
|
(71)
|
(71)
|
(72)
|
(74)
|
(79)
|
(77)
|
(75)
|
(73)
|
(70)
|
|
Selling, General & Administrative |
(27)
|
(26)
|
(27)
|
(29)
|
(31)
|
(33)
|
(33)
|
(32)
|
(31)
|
(33)
|
(33)
|
(34)
|
(33)
|
(34)
|
(36)
|
(37)
|
(39)
|
(41)
|
(41)
|
(39)
|
(37)
|
(36)
|
(35)
|
(36)
|
(33)
|
(32)
|
(32)
|
(32)
|
(40)
|
(47)
|
(50)
|
(52)
|
(41)
|
(42)
|
(41)
|
(39)
|
(41)
|
(42)
|
(42)
|
(43)
|
(39)
|
|
Research & Development |
(21)
|
(23)
|
(24)
|
(24)
|
(23)
|
(23)
|
(24)
|
(24)
|
(22)
|
(23)
|
(22)
|
(23)
|
(28)
|
(28)
|
(30)
|
(33)
|
(34)
|
(35)
|
(36)
|
(33)
|
(34)
|
(32)
|
(31)
|
(30)
|
(28)
|
(27)
|
(26)
|
(26)
|
(26)
|
(27)
|
(27)
|
(27)
|
(28)
|
(30)
|
(32)
|
(35)
|
(36)
|
(34)
|
(33)
|
(31)
|
(29)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(2)
|
|
Operating Income |
29
N/A
|
29
+1%
|
31
+5%
|
33
+5%
|
33
0%
|
31
-4%
|
31
-2%
|
27
-12%
|
25
-7%
|
24
-6%
|
20
-15%
|
22
+8%
|
19
-13%
|
19
+1%
|
22
+12%
|
20
-6%
|
12
-43%
|
8
-30%
|
1
-84%
|
(2)
N/A
|
(7)
-300%
|
(10)
-51%
|
(10)
+5%
|
(8)
+20%
|
1
N/A
|
2
+55%
|
(4)
N/A
|
(9)
-107%
|
(12)
-36%
|
(10)
+20%
|
(5)
+55%
|
(3)
+33%
|
1
N/A
|
(4)
N/A
|
2
N/A
|
4
+156%
|
4
+5%
|
14
+219%
|
16
+15%
|
21
+34%
|
33
+59%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
1
|
1
|
1
|
1
|
1
|
1
|
2
|
2
|
2
|
2
|
1
|
2
|
1
|
1
|
1
|
1
|
1
|
(1)
|
(0)
|
0
|
(0)
|
(0)
|
1
|
0
|
(0)
|
0
|
(1)
|
(5)
|
(6)
|
(6)
|
(5)
|
(4)
|
(2)
|
(1)
|
1
|
7
|
12
|
7
|
9
|
4
|
5
|
|
Non-Reccuring Items |
8
|
8
|
15
|
11
|
12
|
13
|
5
|
5
|
4
|
4
|
4
|
3
|
4
|
4
|
7
|
8
|
8
|
8
|
5
|
5
|
4
|
4
|
5
|
6
|
5
|
4
|
3
|
3
|
3
|
5
|
5
|
4
|
4
|
4
|
5
|
7
|
1
|
4
|
2
|
2
|
6
|
|
Total Other Income |
1
|
1
|
1
|
1
|
1
|
0
|
1
|
1
|
0
|
(0)
|
1
|
1
|
1
|
1
|
(0)
|
(0)
|
0
|
1
|
2
|
1
|
1
|
1
|
0
|
1
|
2
|
0
|
2
|
2
|
3
|
4
|
4
|
6
|
5
|
8
|
10
|
8
|
6
|
4
|
3
|
3
|
4
|
|
Pre-Tax Income |
38
N/A
|
39
+3%
|
48
+23%
|
45
-6%
|
46
+2%
|
46
-1%
|
38
-16%
|
34
-11%
|
32
-6%
|
29
-10%
|
26
-9%
|
28
+6%
|
25
-10%
|
25
+2%
|
30
+18%
|
29
-3%
|
20
-30%
|
17
-16%
|
7
-57%
|
4
-53%
|
(3)
N/A
|
(5)
-112%
|
(4)
+32%
|
0
N/A
|
8
N/A
|
7
-13%
|
(1)
N/A
|
(9)
-963%
|
(12)
-44%
|
(7)
+42%
|
(1)
+83%
|
3
N/A
|
8
+180%
|
7
-20%
|
17
+160%
|
26
+47%
|
23
-10%
|
28
+22%
|
29
+4%
|
31
+4%
|
48
+58%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(6)
|
(6)
|
(7)
|
(7)
|
(7)
|
(6)
|
(5)
|
(4)
|
(5)
|
(4)
|
(4)
|
(4)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(3)
|
(1)
|
(0)
|
2
|
2
|
1
|
1
|
(1)
|
(1)
|
(0)
|
1
|
(2)
|
(2)
|
(3)
|
(5)
|
(4)
|
(4)
|
(7)
|
(6)
|
(3)
|
(3)
|
(1)
|
(1)
|
(5)
|
|
Income from Continuing Operations |
33
|
33
|
41
|
38
|
39
|
39
|
33
|
30
|
28
|
25
|
23
|
24
|
22
|
23
|
27
|
26
|
17
|
14
|
6
|
3
|
(1)
|
(4)
|
(2)
|
1
|
7
|
6
|
(1)
|
(8)
|
(14)
|
(9)
|
(4)
|
(2)
|
4
|
2
|
10
|
20
|
20
|
25
|
28
|
29
|
43
|
|
Income to Minority Interest |
(6)
|
(6)
|
(8)
|
(7)
|
(6)
|
(4)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
2
|
2
|
3
|
3
|
2
|
2
|
2
|
2
|
5
|
5
|
5
|
4
|
0
|
0
|
(1)
|
(1)
|
(1)
|
(2)
|
(3)
|
(4)
|
(5)
|
|
Equity Earnings Affiliates |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
0
|
1
|
3
|
3
|
3
|
2
|
1
|
1
|
1
|
2
|
1
|
1
|
1
|
5
|
4
|
3
|
4
|
1
|
6
|
5
|
5
|
3
|
2
|
5
|
4
|
5
|
(0)
|
|
Net Income (Common) |
27
N/A
|
28
+3%
|
34
+22%
|
32
-6%
|
34
+6%
|
35
+5%
|
32
-9%
|
30
-8%
|
27
-7%
|
25
-10%
|
22
-9%
|
24
+6%
|
23
-5%
|
23
+0%
|
26
+15%
|
26
-2%
|
(19)
N/A
|
(21)
-7%
|
(29)
-39%
|
(34)
-16%
|
2
N/A
|
(1)
N/A
|
1
N/A
|
5
+325%
|
10
+96%
|
9
-15%
|
2
-78%
|
0
N/A
|
(5)
N/A
|
(2)
+66%
|
6
N/A
|
3
-48%
|
11
+283%
|
8
-30%
|
14
+79%
|
22
+56%
|
21
-3%
|
28
+32%
|
29
+4%
|
31
+7%
|
38
+21%
|
|
EPS (Diluted) |
0.96
N/A
|
0.99
+3%
|
1.2
+21%
|
1.13
-6%
|
1.15
+2%
|
1.09
-5%
|
0.99
-9%
|
0.91
-8%
|
0.85
-7%
|
0.77
-9%
|
0.7
-9%
|
0.75
+7%
|
0.7
-7%
|
0.71
+1%
|
0.82
+15%
|
0.8
-2%
|
-0.61
N/A
|
-0.65
-7%
|
-0.91
-40%
|
-1.06
-16%
|
0.08
N/A
|
-0.01
N/A
|
0.04
N/A
|
0.17
+325%
|
0.32
+88%
|
0.28
-13%
|
0.07
-75%
|
0.01
-86%
|
-0.16
N/A
|
-0.05
+69%
|
0.18
N/A
|
0.09
-50%
|
0.36
+300%
|
0.25
-31%
|
0.46
+84%
|
0.71
+54%
|
0.69
-3%
|
0.92
+33%
|
0.96
+4%
|
1.03
+7%
|
1.25
+21%
|