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

115,944

100,542

105,748

109,193

124,274

112,084

125,782

134,018

-

118,365

117,660

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of products sold

99,140

83,225

90,563

95,148

112,887

96,718

108,761

112,379

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

119,308

149,553

94,626

101,017

116,854

120,078

90,845

109,167

123,443

135,256

101,735

115,476

114,306

129,186

90,919

97,889

97,164

120,847

70,245

71,886

73,027

76,542

63,262

65,391

81,478

76,102

85,081

Related parties (Note 29)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,939

8,493

7,893

13,220

7,652

12,766

9,535

-

-

Revenue, Net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

73,184

80,379

80,920

89,762

70,914

78,157

91,014

-

-

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

-

-

-

-

-

-

-

-

-

-

-

97,679

127,779

74,641

82,869

95,842

99,907

74,933

87,374

101,772

111,285

81,152

93,893

92,969

106,830

74,394

79,500

77,802

98,419

56,231

61,241

59,363

64,975

55,496

59,712

65,609

57,929

65,270

Related parties (Note 29)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,452

3,506

6,179

7,831

2,830

4,608

5,419

-

-

Cost of products sold

-

-

-

-

-

-

-

-

-

95,878

93,599

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

60,683

64,747

65,542

72,806

58,326

64,320

71,029

-

-

Gross profit

16,804

17,317

15,185

14,045

11,387

15,366

17,021

21,639

16,457

22,487

24,061

21,629

21,774

19,985

18,148

21,012

20,171

15,912

21,793

21,671

23,971

20,583

21,583

21,337

22,356

16,525

18,389

19,362

17,240

12,501

15,632

15,378

16,956

12,588

13,837

19,984

18,173

19,810

Net gain on other sales

211

1,102

2,485

1,269

968

482

977

1,513

1,739

553

4,555

788

1,795

22

1,185

801

1,170

877

713

1,657

1,554

1,132

8,226

909

793

5,030

1,058

674

1,800

704

1,810

112

91

466

498

413

-152

681

Operating expenses:
Selling expenses

3,763

3,563

3,859

3,085

4,882

3,353

4,887

5,827

6,752

4,537

4,555

4,068

4,886

3,840

4,128

4,305

4,014

3,319

4,046

3,624

4,633

3,734

4,327

3,042

3,720

2,647

3,800

3,164

2,852

2,437

2,088

2,180

2,370

2,010

2,427

2,415

2,095

2,903

General and administrative expenses

6,523

4,429

4,434

4,590

7,187

3,708

4,442

4,424

5,516

4,390

5,283

4,354

4,843

3,741

3,942

4,315

5,655

3,080

3,787

4,448

5,106

3,734

3,776

3,545

-

-

-

4,126

-

-

-

-

-

-

-

-

-

-

General and administrative expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,821

3,217

-

-

2,487

3,130

3,382

5,081

3,128

3,369

3,940

2,506

2,134

Research and development expenses

8,641

6,112

6,637

6,602

10,202

6,957

8,085

8,307

9,878

9,194

7,707

6,765

8,857

6,723

5,987

6,139

4,593

5,440

6,413

5,893

6,457

5,441

5,180

5,888

7,752

5,117

4,616

3,400

4,826

2,818

3,650

3,592

2,856

2,466

1,360

2,310

1,247

1,741

Total operating expenses

18,927

14,104

14,930

14,277

22,271

14,018

17,414

18,558

22,146

18,121

17,545

15,187

18,586

14,304

14,057

14,759

14,262

11,839

14,246

13,965

16,196

12,909

13,283

12,475

14,561

10,585

11,633

10,690

11,615

7,742

8,868

9,154

10,308

7,604

7,156

8,666

5,849

6,779

Operating income/(loss)

-1,912

4,315

2,740

1,037

-9,916

1,830

584

4,594

-3,950

4,919

11,071

7,230

4,983

5,703

5,276

7,054

7,079

4,950

8,260

9,363

9,329

8,806

16,526

9,771

8,588

10,970

7,814

9,346

7,425

5,463

8,574

6,336

6,739

5,450

7,179

11,731

12,171

13,712

Other expense, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

644

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income, net

-

-

-

1,407

-

-

-

621

-

-

-

-

-

-

-

-

-

-

-

-

530

113

139

239

524

499

3

70

144

238

7

72

14

49

73

32

0

250

Other income/(expense), net

-

171

-447

-

-

-461

600

-

-

100

152

-254

-

420

1,219

-

-

221

271

94

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense

948

787

731

568

1,281

431

801

415

560

318

644

231

132

201

127

196

297

501

65

474

236

728

546

278

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Financial income, net

17

1,552

1,552

-665

1,215

815

897

-765

271

1,027

550

332

158

800

148

322

870

556

709

753

267

1,140

518

491

1,616

689

-108

-201

-

-

-

-

-

-

-

-

-

-

Financial expenses, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

437

500

912

1,065

1,281

560

1,062

707

840

Loss on change in fair value of derivative

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

3,412

-3,861

1,598

7,788

-147

11,731

8,687

19,587

Gain on redemption of convertible notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

0

-

-

-

Gain on change in fair value of derivative

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,411

-

-

-

-

-

-

-

Gain on redemption of convertible notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,421

-

-

-

-

-

-

-

Gain on convertible notes conversion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-0

0

0

1,564

-

-

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

-2,017

5,251

3,114

1,211

-9,569

1,753

1,280

4,035

-3,559

5,728

11,129

7,077

5,130

6,722

6,516

6,536

7,910

5,226

9,175

9,736

9,890

9,331

16,637

10,223

9,159

12,158

7,709

9,215

7,243

5,264

12,913

1,635

7,286

12,006

6,545

23,997

20,151

32,710

Less: Income taxes

-1,234

948

674

198

-2,581

326

202

588

37,266

991

2,186

1,190

-932

1,167

1,196

1,053

490

945

1,645

1,410

297

1,387

3,126

1,975

311

1,854

1,571

1,747

2,507

-891

1,314

1,461

2,006

-992

1,160

1,956

1,866

2,291

Add: Equity in earnings of affiliated companies

1,628

-226

-207

211

1,661

-1,049

-82

585

2,139

491

-62

51

-4

304

195

62

76

100

98

66

78

82

75

63

56

125

68

58

32

27

32

80

28

43

48

38

0

0

Income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,550

4,400

11,631

254

-

11,057

5,433

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

2,620

31

-

434

331

-

-

-

Net income

845

4,077

2,233

1,224

-5,327

378

996

4,032

-38,686

5,228

8,881

5,938

6,058

5,859

5,515

5,545

7,496

4,381

7,628

8,392

9,671

8,026

13,586

8,311

8,904

10,429

6,206

7,526

6,550

4,400

14,251

285

8,567

11,491

5,764

22,080

18,285

30,418

Net loss attributable to non-controlling interests

-888

-172

-277

-243

-2,168

1

149

-280

354

169

-40

224

302

177

151

-164

565

93

-31

-118

642

1,293

2,580

1,537

1,660

1,805

1,225

1,586

1,465

996

1,229

1,054

1,870

1,382

1,420

2,438

2,350

2,811

Net income attributable to parent company's common shareholders

1,733

4,249

2,510

1,467

-3,159

377

847

4,312

-39,040

5,059

8,921

5,714

5,756

5,682

5,364

5,709

6,931

4,288

7,659

8,510

9,029

6,733

11,006

6,774

-

8,624

4,981

5,940

5,085

3,404

13,022

-769

6,697

10,109

4,344

19,641

15,935

27,607

Allocation to convertible notes holders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

859

-

-

-

-

-

-

-

Net income attributable to parent companys common shareholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,163

-

-

-

-

-

-

-

Income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,400

11,631

254

-

11,057

5,433

-

-

-

Income from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,620

-

-

-

-

-

-

-

Income from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

31

-

-

-

-

-

-

Net income

845

4,077

2,233

1,224

-5,327

378

996

4,032

-38,686

5,228

8,881

5,938

6,058

5,859

5,515

5,545

-

4,381

7,628

8,392

9,671

8,026

13,586

8,311

8,904

10,429

6,206

7,526

6,550

4,400

14,251

285

8,567

11,491

5,764

22,080

18,285

30,418

Foreign currency translation loss, net of tax

-

-9,703

-6,881

6,363

-

-13,012

-17,467

13,242

-

6,705

5,814

1,629

-

-2,139

-7,946

1,650

-

-12,477

1,436

-1,275

-

9

-25

-2,397

-

1,218

3,436

612

-

-

-

-

-

-

-

-

-

-

Foreign currency translation gain (loss), net of tax - continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-556

-1,131

481

-

4,212

2,902

-

-

-

Foreign currency translation loss, net of tax - discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-96

21

-

-

-

-

-

-

Foreign currency translation gain (loss), net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-555

-1,227

502

-

-

-

-

-

-

Comprehensive income - continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,500

-

-

-

-

-

-

-

Comprehensive income - discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

2,524

52

-

-

-

-

-

-

Foreign currency translation gain, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,113

-

-

Comprehensive loss

-

-5,626

-4,648

7,587

-

-12,634

-16,471

17,274

-

11,933

14,695

7,567

-

3,720

-2,431

7,195

-

-8,096

9,064

7,117

-

8,035

13,561

5,914

-

11,647

9,642

8,138

-

3,844

13,024

735

-

15,703

8,666

24,194

-

-

Comprehensive loss attributable to non-controlling interests

-

-892

-776

214

-

-619

-431

236

-

386

155

278

-

119

-164

-85

-

-483

34

-201

-

1,293

2,576

1,136

-

2,010

1,808

1,689

-

904

1,019

-

-

2,112

1,928

2,801

-

-

Comprehensive loss attributable to parent company

-

-4,734

-3,872

7,373

-

-12,015

-16,040

17,038

-

11,547

14,540

7,289

-

3,601

-2,267

7,280

-

-7,613

9,030

7,318

-

6,742

10,985

4,778

-

9,637

7,834

6,449

-

2,940

12,005

-

-

13,591

6,738

21,392

-

-

Allocation to convertible notes holders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-528

-1,071

-460

-2,459

-2,153

-3,734

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

787

-

-

-

-

-

-

Comprehensive income attributable to non-controlling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,099

-

-

-

-

-

-

Comprehensive income attributable to parent company

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-312

-

-

-

-

-

-

Net income attributable to parent company's common shareholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,404

-

-

6,168

9,038

3,884

17,182

13,782

23,872

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.17

0.12

0.35

-0.03

-

0.31

0.13

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.01

0.00

0.08

0.00

-

0.01

0.01

-

-

-

Basic - (in dollars per share)

0.06

0.13

0.08

0.05

-0.10

0.01

0.03

0.14

-1.23

0.16

0.28

0.18

0.17

0.18

0.17

0.18

0.22

0.13

0.24

0.26

0.28

0.24

0.39

0.24

0.26

0.31

0.18

0.21

0.18

0.12

0.43

-0.03

0.21

0.32

0.14

0.63

0.51

0.88

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.31

0.12

0.21

-0.03

-

0.09

0.13

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.01

0.00

0.08

0.00

-

0.01

0.01

-

-

-

Diluted- (in dollars per share)

0.06

0.13

0.08

0.05

-0.10

0.01

0.03

0.14

-1.23

0.16

0.28

0.18

0.17

0.18

0.17

0.18

0.22

0.13

0.24

0.26

0.28

0.24

0.39

0.24

0.25

0.31

0.18

0.21

0.32

0.12

0.29

-0.03

0.22

0.10

0.14

0.23

0.26

0.28

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

31,330

31,492

31,497

31,507

31,643

31,644

31,644

31,644

31,644

31,644

31,644

31,644

31,699

31,911

32,085

32,121

32,121

32,121

32,121

32,121

32,121

28,043

28,043

28,043

28,043

28,043

28,043

28,043

28,071

28,260

28,260

28,260

28,077

28,083

28,083

27,478

27,112

27,075

Diluted (in shares)

31,330

31,492

31,499

31,513

31,645

31,645

31,647

31,644

31,644

31,644

31,649

31,649

31,705

31,911

32,087

32,123

32,131

32,134

32,138

32,134

32,139

28,063

28,064

28,063

28,062

28,062

28,048

28,050

26,082

28,260

30,257

28,260

34,781

31,503

28,202

31,558

31,562

31,562