China automotive systems inc (CAAS)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Net product sales

431,427

496,158

499,063

-

-

-

-

-

-

-

-

Cost of products sold

368,076

430,745

414,429

-

-

-

-

-

-

-

-

Net product sales ($10,846 and $9,538 sold to related parties for the three months ended March 31, 2018 and 2017)

-

-

-

462,050

443,533

466,773

415,158

336,005

286,674

334,264

249,705

Related parties (Note 29)

-

-

-

-

-

-

-

-

43,174

11,660

5,892

Revenue, Net

-

-

-

-

-

-

-

-

329,848

345,925

255,597

Cost of products sold ($8,249 and $7,363 purchased from related parties for the three months ended March 31, 2018 and 2017)

-

-

-

381,131

363,986

379,299

338,526

275,254

245,793

246,369

179,856

Related parties (Note 29)

-

-

-

-

-

-

-

-

20,689

19,252

13,998

Cost of products sold

-

-

-

-

-

-

-

-

266,482

265,622

193,854

Gross profit

63,351

65,413

84,634

80,919

79,547

87,474

76,632

60,751

63,366

80,302

61,742

Net gain on other sales

5,067

3,940

7,635

3,803

4,417

11,821

7,555

4,426

1,469

1,129

838

Operating expenses:
Selling expenses

14,270

18,949

19,912

17,159

15,003

15,736

13,331

9,557

9,223

9,363

7,892

General and administrative expenses

19,976

19,761

19,543

16,841

16,970

16,161

13,253

12,936

-

-

-

General and administrative expenses

-

-

-

-

-

-

-

-

15,519

10,029

15,195

Research and development expenses

27,992

33,551

33,544

27,706

22,339

22,966

20,885

14,886

8,993

7,991

2,561

Total operating expenses

62,238

72,261

72,999

61,706

54,312

54,863

47,469

37,379

33,735

27,384

25,648

Operating income/(loss)

6,180

-2,908

19,270

23,016

29,652

44,432

36,718

27,798

31,100

54,047

36,932

Other income, net

1,957

1,173

678

1,116

844

1,021

1,096

461

169

558

94

Interest expense

3,034

2,928

1,753

656

1,337

1,788

1,569

-

-

-

-

Financial income, net

2,456

2,162

2,180

1,428

2,888

2,416

1,996

-2,175

-

-

-

Financial expenses, net

-

-

-

-

-

-

-

-

3,969

3,360

7,883

Loss on change in fair value of derivative

-

-

-

-

-

-

-

-449

20,971

20,171

-43,074

Gain on redemption of convertible notes

-

-

-

-

-

-

-

1,420

0

-

-

Gain on convertible notes conversion

-

-

-

-

-

-

-

-

1,564

0

0

Income/(loss) before income tax expenses and equity in earnings of affiliated companies

7,559

-2,501

20,375

24,904

32,047

46,081

38,241

27,055

49,835

71,416

-13,931

Less: Income taxes

586

-1,465

41,633

2,484

4,490

6,785

5,483

4,391

4,131

8,484

4,720

Add: Equity in earnings of affiliated companies

1,406

1,115

2,619

557

340

298

307

171

158

-14

0

Income from continuing operations

-

-

-

-

-

-

-

22,835

45,862

-

-

Discontinued operations (including after-tax disposition gain of $26) - net of income tax (Note 24)

-

-

-

-

-

-

-

2,651

2,041

-

-

Net income

8,379

79

-18,639

22,977

27,897

39,594

33,065

25,486

47,903

62,917

-18,651

Net loss attributable to non-controlling interests

-1,580

-2,298

707

466

509

6,052

6,276

4,744

7,111

11,179

7,789

Net income attributable to parent company's common shareholders

9,959

2,377

-19,346

22,511

27,388

33,542

-

20,742

40,792

51,738

-26,440

Income from continuing operations

-

-

-

-

-

-

-

-

45,862

-

-

Net income

8,379

79

-18,639

22,977

-

39,594

33,065

25,486

47,903

62,917

-18,651

Allocation to convertible notes holders

-

-

-

-

-

-

-

-934

-4,519

-6,994

0

Net income attributable to parent company's common shareholders

-

-

-

-

-

-

26,789

19,808

-

-

-

Net income/(loss) attributable to parent company's common shareholders per share -
Net income attributable to parent company's common shareholders

-

-

-

-

-

-

-

-

36,273

44,743

-26,440

Income from continuing operations attributable to shareholders (in dollars per share)

-

-

-

-

-

-

-

0.61

1.27

-

-

Income per share from discontinued operations (in dollars per share)

-

-

-

-

-

-

-

0.09

0.03

-

-

Basic - (in dollars per share)

0.32

0.08

-0.61

0.70

0.85

1.15

0.96

0.70

1.30

1.65

-0.98

Income from continuing operations attributable to shareholders (in dollars per share)

-

-

-

-

-

-

-

0.61

0.66

-

-

Income per share from discontinued operations (in dollars per share)

-

-

-

-

-

-

-

0.09

0.03

-

-

Diluted- (in dollars per share)

0.32

0.08

-0.61

0.70

0.85

1.15

0.95

0.70

0.69

1.10

-0.98

Weighted average number of common shares outstanding -
Basic (in shares)

31,456

31,643

31,644

31,954

32,121

29,062

28,043

28,213

27,930

27,098

26,990

Diluted (in shares)

31,458

31,645

31,646

31,957

32,134

29,082

28,056

28,215

31,511

31,565

26,990