CHINA AUTOMOTIVE SYSTEMS INC CAAS Income Statement

China automotive systems inc (CAAS)

Income statement / TTM

Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Net product sales
431,427	439,757	451,299	471,333	496,158	0	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of products sold
368,076	381,823	395,316	413,514	430,745	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net product sales ($10,846 and $9,538 sold to related parties for the three months ended March 31, 2018 and 2017)
-	-	-	-	-	-	-	-	-	-	-	464,504	462,050	432,575	428,794	436,944	443,533	458,711	469,601	475,910	466,773	460,703	449,887	432,300	415,158	406,819	386,145	360,142	336,005	291,700	284,717	278,222	286,674	286,234	308,053	0	0	0
Related parties (Note 29)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	32,545	37,258	41,531	43,174	0	0	0	-	-
Revenue, Net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	324,245	321,975	319,753	329,848	0	0	0	-	-
Cost of products sold ($8,249 and $7,363 purchased from related parties for the three months ended March 31, 2018 and 2017)
-	-	-	-	-	-	-	-	-	-	-	382,968	381,131	353,259	353,551	358,056	363,986	375,364	381,583	388,102	379,299	374,844	368,086	353,693	338,526	330,115	311,952	293,693	275,254	241,810	241,075	239,546	245,793	238,746	248,521	0	0	0
Related parties (Note 29)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	21,968	20,346	21,448	20,689	0	0	0	-	-
Cost of products sold
-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	263,778	261,421	260,994	266,482	0	0	0	-	-
Gross profit
63,351	57,934	55,983	57,819	65,413	70,483	77,604	84,644	84,634	89,951	87,449	81,536	80,919	79,316	75,243	78,888	79,547	83,347	88,018	87,808	87,474	85,859	81,801	78,607	76,632	71,516	67,492	64,735	60,751	60,467	60,554	58,759	63,366	64,583	71,805	0	0	0
Net gain on other sales
5,067	5,824	5,204	3,696	3,940	4,711	4,782	8,360	7,635	7,691	7,160	3,790	3,803	3,178	4,033	3,561	4,417	4,801	5,056	12,569	11,821	11,060	14,958	7,790	7,555	8,562	4,236	4,988	4,426	2,717	2,479	1,167	1,469	1,224	1,440	0	0	0
Operating expenses:
Selling expenses
14,270	15,389	15,179	16,207	18,949	20,819	22,003	21,671	19,912	18,046	17,349	16,922	17,159	16,287	15,766	15,684	15,003	15,622	16,037	16,318	15,736	14,823	13,736	13,209	13,331	12,463	12,253	10,541	9,557	9,075	8,648	8,987	9,223	8,947	9,840	0	0	0
General and administrative expenses
19,976	20,640	19,919	19,927	19,761	18,090	18,772	19,613	19,543	18,870	18,221	16,880	16,841	17,653	16,992	16,837	16,970	16,421	17,075	17,064	16,161	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-
General and administrative expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	14,080	14,721	14,960	15,519	12,944	11,951	0	0	0
Research and development expenses
27,992	29,553	30,398	31,846	33,551	33,227	35,464	35,086	33,544	32,523	30,052	28,332	27,706	23,442	22,159	22,585	22,339	24,203	24,204	22,971	22,966	24,261	23,937	23,373	20,885	17,959	15,660	14,694	14,886	12,916	12,564	10,274	8,993	7,384	6,660	0	0	0
Total operating expenses
62,238	65,582	65,496	67,980	72,261	72,136	76,239	76,370	72,999	69,439	65,622	62,134	61,706	57,382	54,917	55,106	54,312	56,246	57,316	56,353	54,863	53,228	50,904	49,254	47,469	44,523	41,680	38,915	37,379	36,072	35,934	34,222	33,735	29,276	28,451	0	0	0
Operating income/(loss)
6,180	-1,824	-4,309	-6,465	-2,908	3,058	6,147	16,634	19,270	28,203	28,987	23,192	23,016	25,112	24,359	27,343	29,652	31,902	35,758	44,024	44,432	43,691	45,855	37,143	36,718	35,555	30,048	30,808	27,798	27,112	27,099	25,704	31,100	36,531	44,794	0	0	0
Other expense, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income, net
-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	1,021	1,015	1,401	1,265	1,096	716	455	459	461	331	142	208	169	154	356	0	0	0
Other income/(expense), net
-	0	0	-	-	0	0	-	-	0	0	0	-	0	0	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
3,034	3,367	3,011	3,081	2,928	2,207	2,094	1,937	1,753	1,325	1,208	691	656	821	1,121	1,059	1,337	1,276	1,503	1,984	1,788	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financial income, net
2,456	3,654	2,917	2,262	2,162	1,218	1,430	1,083	2,180	2,067	1,840	1,438	1,428	2,140	1,896	2,457	2,888	2,285	2,869	2,678	2,416	3,765	3,314	2,688	1,996	0	0	0	-	-	-	-	-	-	-	-	-	-
Financial expenses, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,914	3,758	3,818	3,969	3,610	3,170	0	0	0
Loss on change in fair value of derivative
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-449	1,149	8,937	5,378	20,971	28,060	39,859	0	0	0
Gain on redemption of convertible notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	0	-	-	-
Gain on change in fair value of derivative
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
Gain on redemption of convertible notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
Gain on convertible notes conversion
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	1,564	0	0	0	-	-
Income/(loss) before income tax expenses and equity in earnings of affiliated companies
7,559	7	-3,491	-5,325	-2,501	3,509	7,484	17,333	20,375	29,064	30,058	25,445	24,904	27,684	26,188	28,847	32,047	34,027	38,132	45,594	46,081	45,350	48,177	39,249	38,241	36,325	29,431	34,635	27,055	27,098	33,840	27,472	49,835	62,700	83,405	0	0	0
Less: Income taxes
586	-761	-1,383	-1,855	-1,465	38,382	39,047	41,031	41,633	3,435	3,611	2,621	2,484	3,906	3,684	4,133	4,490	4,297	4,739	6,220	6,785	6,799	7,266	5,711	5,483	7,679	4,934	4,677	4,391	3,890	3,789	3,635	4,131	3,990	7,274	0	0	0
Add: Equity in earnings of affiliated companies
1,406	1,439	616	741	1,115	1,593	3,133	3,153	2,619	476	289	546	557	637	433	336	340	342	324	301	298	276	319	312	307	283	185	149	171	167	183	199	158	129	86	0	0	0
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	22,835	27,342	28,375	0	-	0	0	-	-	-
Discontinued operations (including after-tax disposition gain of $26) - net of income tax (Note 24)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,651	3,085	3,416	0	-	0	0	-	-	-
Net income
8,379	2,207	-1,492	-2,729	79	-33,280	-28,430	-20,545	-18,639	26,105	26,736	23,370	22,977	24,415	22,937	25,050	27,897	30,072	33,717	39,675	39,594	38,827	41,230	33,850	33,065	30,711	24,682	32,727	25,486	27,503	34,594	26,107	47,903	57,620	76,548	0	0	0
Net loss attributable to non-controlling interests
-1,580	-2,860	-2,687	-2,261	-2,298	224	392	203	707	655	663	854	466	729	645	463	509	586	1,786	4,397	6,052	7,070	7,582	6,227	6,276	6,081	5,272	5,276	4,744	5,149	5,535	5,726	7,111	7,590	9,019	0	0	0
Net income attributable to parent company's common shareholders
9,959	5,067	1,195	-468	2,377	-33,504	-28,822	-20,748	-19,346	25,450	26,073	22,516	22,511	23,686	22,292	24,587	27,388	29,486	31,931	35,278	33,542	0	0	0	-	24,630	19,410	27,451	20,742	22,354	29,059	20,381	40,792	50,030	67,528	0	0	0
Allocation to convertible notes holders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
Net income attributable to parent companys common shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	27,342	28,375	0	-	0	0	-	-	-
Income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
Income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-
Net income
8,379	2,207	-1,492	-2,729	79	-33,280	-28,430	-20,545	-18,639	26,105	26,736	23,370	22,977	0	0	0	-	30,072	33,717	39,675	39,594	38,827	41,230	33,850	33,065	30,711	24,682	32,727	25,486	27,503	34,594	26,107	47,903	57,620	76,548	0	0	0
Foreign currency translation loss, net of tax
-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-
Foreign currency translation gain (loss), net of tax - continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	-	-	-
Foreign currency translation loss, net of tax - discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-
Foreign currency translation gain (loss), net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-
Comprehensive income - continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
Comprehensive income - discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-
Foreign currency translation gain, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-
Comprehensive loss
-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-
Comprehensive loss attributable to non-controlling interests
-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	-	-	0	0	0	-	-
Comprehensive loss attributable to parent company
-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	-	-	0	0	0	-	-
Allocation to convertible notes holders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-4,519	-6,143	-8,807	0	0	0
Net income/(loss) attributable to parent company's common shareholders per share -
Comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-
Comprehensive income attributable to non-controlling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-
Comprehensive income attributable to parent company
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-
Net income attributable to parent company's common shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	36,273	43,886	58,721	0	0	0
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