China Automotive Systems (CAAS)
Market Price (6/12/2026): $4.48 | Market Cap: $135.2 MilSector: Consumer Discretionary | Industry: Automotive Parts & Equipment
China Automotive Systems (CAAS)
Market Price (6/12/2026): $4.48Market Cap: $135.2 MilSector: Consumer DiscretionaryIndustry: Automotive Parts & Equipment
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 32%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 28% Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 18% Low stock price volatilityVol 12M is 31% Megatrend and thematic driversMegatrends include Electric Vehicles & Autonomous Driving. Themes include Autonomous Driving Technology. | Weak multi-year price returns2Y Excs Rtn is -1.8%, 3Y Excs Rtn is -63% | Key risksCAAS key risks include [1] U.S.-China trade tensions threatening its significant North American sales, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 32%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 28% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 18% |
| Low stock price volatilityVol 12M is 31% |
| Megatrend and thematic driversMegatrends include Electric Vehicles & Autonomous Driving. Themes include Autonomous Driving Technology. |
| Weak multi-year price returns2Y Excs Rtn is -1.8%, 3Y Excs Rtn is -63% |
| Key risksCAAS key risks include [1] U.S.-China trade tensions threatening its significant North American sales, Show more. |
Qualitative Assessment
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China Automotive Systems (CAAS) stock has remained largely at the same level since 2/28/2026 because of the following key factors:
1. Record-Breaking 2025 Financial Results Fueled Investor Confidence.
China Automotive Systems reported strong financial performance for the full year 2025, with net sales increasing by 17.6% year-over-year to a record $765.7 million. Diluted earnings per share (EPS) also saw significant growth, rising by 43.4% year-over-year to $1.42. The company's gross profit climbed 33.2% to $145.5 million, with operating cash flow reaching $111.3 million. These results, announced on April 22, 2026, likely provided a substantial boost to the stock.
2. Robust Q4 2025 Performance and Improved Profitability.
Contributing to the overall positive 2025 results, the fourth quarter of 2025 demonstrated strong growth with net sales increasing by 21.4% year-over-year to $229.2 million. Operating income more than doubled, surging by 108.0% year-over-year to $18.1 million. The company also achieved a significant improvement in its gross margin, which reached 23.1% in Q4 2025, up from 15.6% in the same period of 2024.
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Stock Movement Drivers
Fundamental Drivers
The 0.2% change in CAAS stock from 2/28/2026 to 6/11/2026 was primarily driven by a 21.2% change in the company's Net Income Margin (%).| (LTM values as of) | 2282026 | 6112026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.42 | 4.43 | 0.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 725 | 766 | 5.6% |
| Net Income Margin (%) | 4.6% | 5.6% | 21.2% |
| P/E Multiple | 4.0 | 3.1 | -21.7% |
| Shares Outstanding (Mil) | 30 | 30 | 0.0% |
| Cumulative Contribution | 0.2% |
Market Drivers
2/28/2026 to 6/11/2026| Return | Correlation | |
|---|---|---|
| CAAS | 0.2% | |
| Market (SPY) | 7.8% | 14.5% |
| Sector (XLY) | -0.3% | 12.1% |
Fundamental Drivers
The 7.3% change in CAAS stock from 11/30/2025 to 6/11/2026 was primarily driven by a 21.2% change in the company's Net Income Margin (%).| (LTM values as of) | 11302025 | 6112026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.13 | 4.43 | 7.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 725 | 766 | 5.6% |
| Net Income Margin (%) | 4.6% | 5.6% | 21.2% |
| P/E Multiple | 3.7 | 3.1 | -16.2% |
| Shares Outstanding (Mil) | 30 | 30 | 0.0% |
| Cumulative Contribution | 7.3% |
Market Drivers
11/30/2025 to 6/11/2026| Return | Correlation | |
|---|---|---|
| CAAS | 7.3% | |
| Market (SPY) | 8.6% | 18.6% |
| Sector (XLY) | -1.2% | 21.0% |
Fundamental Drivers
The 8.6% change in CAAS stock from 5/31/2025 to 6/11/2026 was primarily driven by a 31.7% change in the company's Net Income Margin (%).| (LTM values as of) | 5312025 | 6112026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.08 | 4.43 | 8.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 679 | 766 | 12.8% |
| Net Income Margin (%) | 4.2% | 5.6% | 31.7% |
| P/E Multiple | 4.3 | 3.1 | -26.9% |
| Shares Outstanding (Mil) | 30 | 30 | 0.0% |
| Cumulative Contribution | 8.6% |
Market Drivers
5/31/2025 to 6/11/2026| Return | Correlation | |
|---|---|---|
| CAAS | 8.6% | |
| Market (SPY) | 26.6% | 11.5% |
| Sector (XLY) | 9.7% | 9.1% |
Fundamental Drivers
The 14.8% change in CAAS stock from 5/31/2023 to 6/11/2026 was primarily driven by a 43.0% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 5312023 | 6112026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.86 | 4.43 | 14.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 535 | 766 | 43.0% |
| Net Income Margin (%) | 5.2% | 5.6% | 6.7% |
| P/E Multiple | 4.2 | 3.1 | -24.8% |
| Shares Outstanding (Mil) | 30 | 30 | 0.0% |
| Cumulative Contribution | 14.8% |
Market Drivers
5/31/2023 to 6/11/2026| Return | Correlation | |
|---|---|---|
| CAAS | 14.8% | |
| Market (SPY) | 83.5% | 20.4% |
| Sector (XLY) | 57.2% | 18.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| CAAS Return | -57% | 116% | -44% | 52% | 4% | 5% | -14% |
| Peers Return | 13% | -24% | 8% | -2% | 33% | 21% | 47% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 6% | 93% |
Monthly Win Rates [3] | |||||||
| CAAS Win Rate | 25% | 58% | 33% | 42% | 42% | 50% | |
| Peers Win Rate | 60% | 37% | 45% | 40% | 58% | 60% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| CAAS Max Drawdown | -65% | -28% | -67% | -19% | -33% | -14% | |
| Peers Max Drawdown | -27% | -41% | -37% | -29% | -26% | -25% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: MGA, ALV, BWA, DORM, MPAA.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/11/2026 (YTD)
How Low Can It Go
| Event | CAAS | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -21.4% | -18.8% |
| % Gain to Breakeven | 27.2% | 23.1% |
| Time to Breakeven | 153 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -39.7% | -9.5% |
| % Gain to Breakeven | 65.7% | 10.5% |
| Time to Breakeven | 340 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -17.3% | -24.5% |
| % Gain to Breakeven | 20.9% | 32.4% |
| Time to Breakeven | 5 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -35.0% | -33.7% |
| % Gain to Breakeven | 53.9% | 50.9% |
| Time to Breakeven | 92 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -43.8% | -19.2% |
| % Gain to Breakeven | 78.0% | 23.8% |
| Time to Breakeven | 105 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -49.2% | -12.2% |
| % Gain to Breakeven | 96.9% | 13.9% |
| Time to Breakeven | 291 days | 62 days |
In The Past
China Automotive Systems's stock fell -21.4% during the 2025 US Tariff Shock. Such a loss loss requires a 27.2% gain to breakeven.
Preserve Wealth
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Asset Allocation
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| Event | CAAS | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -21.4% | -18.8% |
| % Gain to Breakeven | 27.2% | 23.1% |
| Time to Breakeven | 153 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -39.7% | -9.5% |
| % Gain to Breakeven | 65.7% | 10.5% |
| Time to Breakeven | 340 days | 24 days |
| 2020 COVID-19 Crash | ||
| % Loss | -35.0% | -33.7% |
| % Gain to Breakeven | 53.9% | 50.9% |
| Time to Breakeven | 92 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -43.8% | -19.2% |
| % Gain to Breakeven | 78.0% | 23.8% |
| Time to Breakeven | 105 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -49.2% | -12.2% |
| % Gain to Breakeven | 96.9% | 13.9% |
| Time to Breakeven | 291 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -61.9% | -6.8% |
| % Gain to Breakeven | 162.5% | 7.3% |
| Time to Breakeven | 1754 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -47.6% | -17.9% |
| % Gain to Breakeven | 91.0% | 21.8% |
| Time to Breakeven | 697 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -75.2% | -53.4% |
| % Gain to Breakeven | 303.9% | 114.4% |
| Time to Breakeven | 264 days | 1085 days |
In The Past
China Automotive Systems's stock fell -21.4% during the 2025 US Tariff Shock. Such a loss loss requires a 27.2% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About China Automotive Systems (CAAS)
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Here are 1-3 brief analogies for China Automotive Systems (CAAS):
The Magna International of automotive steering systems, mainly for Chinese car manufacturers.
Like Continental AG, but specializing in vehicle steering components and systems for automakers in China.
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- Rack and Pinion Power Steering Gears: Steering mechanisms for cars and light-duty vehicles.
- Integral Power Steering Gears: Steering mechanisms specifically designed for heavy-duty vehicles.
- Power Steering Parts: Components used in various power steering systems.
- Sensor Modules: Devices that detect and respond to physical inputs for automotive applications.
- Automobile Steering Systems and Columns: Complete steering systems including the steering shaft housing.
- Electronic and Hydraulic Power Steering Systems and Parts: Advanced power steering systems utilizing electronic or hydraulic assistance and their components.
- Automotive Motors and Electromechanical Integrated Systems: Electric motors and combined electrical-mechanical systems for vehicles.
- Polymer Materials: Various plastic and synthetic materials used in automotive manufacturing.
- Intelligent Automotive Technology R&D: Research and development services focused on smart automotive technologies.
- After Sales Services: Support and maintenance provided to customers after product purchase.
- R&D Support Services: Services offering assistance and resources for research and development activities.
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Major Customers of China Automotive Systems (CAAS)
China Automotive Systems (CAAS) primarily sells its products to Original Equipment Manufacturers (OEMs) in the automotive industry. These are other companies that manufacture vehicles and integrate CAAS's steering systems and components into their own products. While the company description indicates sales to OEMs in the People's Republic of China, North America, and Brazil, it does not specify the names of these individual customer companies.
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Hanlin Chen, Chairman of the Board
Mr. Chen is a founding member of China Automotive Systems, Inc., having established the Hong Kong holding company, Ji Long Enterprise Investment Limited, in 1992, which subsequently formed the mainland joint venture Shashi Jiulong Power Steering Co. Ltd. in 1993. He was named general manager of Shashi Jiulong Power Steering Co. Ltd. and later as chairman of Jingzhou Henglong Automotive Parts Co. Ltd. in 1997. Mr. Chen provides strategic oversight as the company's Chairman and is a majority shareholder. In 2004, he disposed of the company's holding in Jingzhou Henglong Fulida Textile Co., Ltd. to Hubei Wanlong Investment Co., another vehicle he owned.
Qizhou Wu, Chief Executive Officer and President
Mr. Wu was appointed Chief Executive Officer in September 2007 and has a tenure of over 18 years. He is responsible for operational execution within the company. Mr. Wu directly owns 5.1% of the company's shares.
Jie Li, Chief Financial Officer and Principal Accounting Officer
Ms. Li serves as the Chief Financial Officer and Principal Accounting Officer for China Automotive Systems, Inc. In December 2020, she divested 35% of her shares in the company.
Dr. Haimian Cai, PhD, Vice President
Dr. Cai serves as a Vice President of China Automotive Systems, Inc.
Andy Tse, Senior Vice President
Mr. Tse holds the position of Senior Vice President at China Automotive Systems, Inc.
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Key Risks to China Automotive Systems (CAAS)
- Geopolitical Tensions, Trade Wars, and Supply Chain Vulnerabilities: China Automotive Systems faces significant risks due to escalating geopolitical tensions and trade disputes, particularly between the U.S. and China. These include potential disruptions from China's tightening export controls on rare earth elements, which are critical for components like electric power steering systems manufactured by CAAS. With a substantial portion of its revenue derived from international markets, including the U.S., new restrictions or tariffs could lead to supply chain delays and impact sales in key regions. Furthermore, the company is exposed to legal and ethical risks related to concerns about forced labor in Chinese supply chains, which could lead to import bans in certain markets.
- Customer Concentration Risk: A significant portion of China Automotive Systems' revenue is concentrated with a few major customers. For instance, Stellantis was CAAS's top customer in fiscal year 2024, accounting for over 20% of its revenue. This high customer concentration makes CAAS vulnerable to any production slowdowns, market share changes, or financial difficulties experienced by these key customers, as demonstrated by a revenue decline in a CAAS subsidiary linked to lower vehicle sales by Stellantis.
- Broader Automotive Industry Headwinds: The company operates within a global automotive industry that is subject to various headwinds. These include the potential for a general deterioration in market conditions, ongoing supply chain disruptions such as shortages of automotive chips, and intense competition within the Chinese auto parts sector. Chinese domestic auto parts enterprises, including CAAS, may face challenges such as weak competitiveness, lower added value in product technology, and pressure from foreign-funded competitors. Moreover, a lack of collaboration with Original Equipment Manufacturers (OEMs) during development cycles can hinder the technological advancement and R&D capabilities of Chinese parts suppliers.
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The clear emerging threat for China Automotive Systems is the **rapid advancement and adoption of autonomous driving technology**. As vehicles move towards higher levels of autonomy (Level 4 and 5), the traditional steering mechanisms, columns, and associated components that form a significant portion of CAAS's product offerings (such as rack and pinion power steering gears, integral power steering gears, and automobile steering systems and columns) could become obsolete or undergo radical redesigns, potentially rendering current product lines irrelevant. New steering paradigms, like steer-by-wire systems, or entirely new vehicle control architectures for driverless vehicles, could displace the demand for conventional steering components.
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China Automotive Systems, Inc. (CAAS) operates in the significant automotive systems and components market, primarily focusing on steering systems and automotive motors. The addressable markets for their main products and services are substantial, both globally and within China.
Automotive Steering Systems
The global automotive steering system market was valued at approximately USD 28.08 billion in 2024 and is projected to reach USD 45.79 billion by 2033, growing at a Compound Annual Growth Rate (CAGR) of 5.9% from 2025 to 2033. Another estimate placed the global market at USD 35.0 billion in 2024, with a projection to reach USD 46.8 billion by 2033, growing at a CAGR of 3.3% from 2025-2033. A third report estimated the global market at US$ 25.7 billion in 2025, projected to reach US$ 35.7 billion by 2032, exhibiting a CAGR of 4.8% between 2025 and 2032.
Within the Asia Pacific region, which holds a dominant share of the global market (around 35% with an estimated market value of US$9.5 billion by 2025), China is a major contributor. Specifically, the China automotive steering market is the largest in Asia Pacific, a region that accounted for 38.94% of the global automotive steering industry's revenue share in 2024. The electronic power steering (EPS) segment, a key product for CAAS, is dominant, holding a 69.27% revenue share in the global automotive steering market in 2024.
Electric Power Steering (EPS) Market
The global electric power steering market size was valued at USD 33.68 billion in 2025 and is projected to grow to USD 54.5 billion by 2034, demonstrating a CAGR of 5.57% during the forecast period. Asia Pacific dominated this market, holding a 58.42% market share in 2025.
In China, the Electric Power Steering (EPS) market is a significant addressable market. It was estimated at USD 15.58 billion in 2024 and is expected to reach USD 31.31 billion by 2029, with a robust CAGR of 14.98% during this period. Another report estimated the China Automotive Electric Power Steering market size at USD 15.72 Billion in 2024, projected to reach USD 33.56 Billion by 2030, with a CAGR of 13.48%. In 2023, China's electric power steering market alone accounted for over 20% of the global market.
Automotive Motors Market
The global automotive motors market was valued at USD 41.6 billion in 2024 and is projected to reach USD 61.9 billion by 2033, growing at a CAGR of 4.28% from 2025 to 2033. Other estimates indicate the market will grow from USD 39.38 billion in 2025 to USD 56.56 billion by 2031 at a 6.22% CAGR. The Asia-Pacific region is a major market for automotive motors, contributing over 44% of the revenue share in 2024.
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China Automotive Systems (CAAS) is expected to experience future revenue growth over the next 2-3 years driven by several key factors:- Increasing Adoption of Electric Power Steering (EPS) Systems: The company is benefiting from the strong demand and increasing market penetration of Electric Power Steering (EPS) products. Sales of EPS products have shown significant year-over-year growth, with a 54% increase in the first quarter of 2025 and a 31.1% increase in the second quarter of 2025, now constituting a substantial portion of total sales. This growth is further propelled by the automotive industry's shift towards new energy vehicles (NEVs), where EPS is the preferred steering solution, and its penetration rate in Chinese passenger car brands is projected to reach 100% by 2026.
- Expansion into International Markets: China Automotive Systems is actively pursuing global expansion, with a strategic plan for 2026-2030 to deepen its international operations and accelerate the establishment of manufacturing networks in regions like North America, South America, Europe, and Southeast Asia. Notably, the company secured a significant R-EPS product order from a major European automaker, anticipated to generate over $100 million in annual sales starting in 2027. Additionally, CAAS has reported substantial international sales growth, particularly in North America and Brazil, with Brazilian sales surging by 49.4% in the second quarter of 2025.
- Advancements in Steering Technologies: The company is enhancing its technological leadership by increasing research and development (R&D) investments in cutting-edge steering technologies, including steer-by-wire and rear-wheel steering systems. These advanced driver-assistance systems (ADAS) are crucial for the evolving automotive landscape and are expected to significantly contribute to future growth. The market penetration for steer-by-wire technology, for instance, is projected to rapidly increase to 15% by 2026, creating a substantial market opportunity.
- Growth in the Chinese Automotive Market: The sustained expansion of the Chinese automotive market, particularly in the passenger and new energy vehicle segments, provides a robust underlying demand for China Automotive Systems' products. Rising disposable incomes among middle-class consumers in China are driving increased vehicle purchases, which directly translates to higher demand for automotive components like power steering systems.
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Share Repurchases
- In November 2024, China Automotive Systems approved a share repurchase program of up to $5 million, to be executed over the next 12 months at market prices not exceeding $5.50 per share, expiring no later than November 2025.
Share Issuance
- As of November 12, 2021, the company had 30,851,776 shares of common stock issued and outstanding.
- The number of outstanding shares decreased to 30,170,702 as of May 14, 2025, and remained at this level as of March 2026.
Outbound Investments
- In November 2025, CAAS signed a Strategic Cooperation Memorandum of Understanding with KYB-UMW to jointly manufacture Electric Power Steering (EPS) and mechanical steering gears in Malaysia, targeting the broader ASEAN market.
- The company is expanding production in Brazil, with plans to add a fourth production line and invest $3.5 million in new capital expenditures for its operations there.
Capital Expenditures
- Capital expenditures amounted to -$52.7 million USD as of September 30, 2025.
- The average annual capital expenditures growth rates have been -49% over the past three years and -21% over the past five years.
- For 2025, an estimated 80% of the $32 million to $35 million in R&D spending is dedicated to Electric Vehicle (EV) steering product development.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| How Low Can China Automotive Systems Stock Really Go? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 70.31 |
| Mkt Cap | 6.8 |
| Rev LTM | 6,571 |
| Op Inc LTM | 703 |
| FCF LTM | 580 |
| FCF 3Y Avg | 545 |
| CFO LTM | 1,004 |
| CFO 3Y Avg | 1,056 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 4.7% |
| Rev Chg 3Y Avg | 5.6% |
| Rev Chg Q | 5.5% |
| QoQ Delta Rev Chg LTM | 1.3% |
| Op Inc Chg LTM | 4.2% |
| Op Inc Chg 3Y Avg | 24.4% |
| Op Mgn LTM | 8.6% |
| Op Mgn 3Y Avg | 8.1% |
| QoQ Delta Op Mgn LTM | 0.2% |
| CFO/Rev LTM | 9.1% |
| CFO/Rev 3Y Avg | 9.4% |
| FCF/Rev LTM | 5.3% |
| FCF/Rev 3Y Avg | 5.1% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 6.8 |
| P/S | 0.7 |
| P/Op Inc | 8.6 |
| P/EBIT | 10.9 |
| P/E | 21.7 |
| P/CFO | 9.6 |
| Total Yield | 5.8% |
| Dividend Yield | 0.2% |
| FCF Yield 3Y Avg | 11.0% |
| D/E | 0.3 |
| Net D/E | 0.2 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 8.1% |
| 3M Rtn | 25.5% |
| 6M Rtn | 9.2% |
| 12M Rtn | 30.2% |
| 3Y Rtn | 54.7% |
| 1M Excs Rtn | 8.2% |
| 3M Excs Rtn | 14.6% |
| 6M Excs Rtn | 6.0% |
| 12M Excs Rtn | 11.2% |
| 3Y Excs Rtn | -14.1% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Henglong | 272 | 247 | 203 | 158 | 164 |
| Hubei Henglong KYB Automobile Electric Steering System Co., Ltd. (Henglong KYB) | 148 | 121 | 81 | 53 | 71 |
| Hubei Henglong | 116 | 127 | 128 | 116 | 122 |
| Other Entities | 112 | 93 | 71 | 61 | 65 |
| Jiulong | 70 | 70 | 95 | 100 | 88 |
| Brazil Henglong | 48 | 39 | 26 | ||
| Wuhu | 38 | 42 | 27 | 14 | 20 |
| Eliminations | -227 | -209 | -148 | -98 | -119 |
| Corporate | 0 | ||||
| Shenyang | 17 | 14 | 20 | ||
| Total | 576 | 530 | 498 | 418 | 431 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Hubei Henglong KYB Automobile Electric Steering System Co., Ltd. (Henglong KYB) | 10 | 5 | 0 | -7 | -5 |
| Brazil Henglong | 6 | 3 | 1 | ||
| Jiulong | 4 | 0 | 1 | 1 | 1 |
| Henglong | 3 | 1 | -1 | -1 | 3 |
| Hubei Henglong | 2 | 10 | 11 | 10 | 9 |
| Other Entities | 1 | 5 | -1 | -2 | 4 |
| Wuhu | -2 | -0 | -0 | -1 | -1 |
| Corporate | -1 | -2 | -3 | -2 | |
| Eliminations | -1 | -0 | -1 | -0 | |
| Shenyang | 1 | -7 | 1 | ||
| Total | 26 | 22 | 11 | -10 | 8 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Hubei Henglong | 401 | 392 | 432 | 415 | 349 |
| Henglong | 276 | 249 | 242 | 266 | 278 |
| Other Entities | 144 | 123 | 100 | 92 | 80 |
| Hubei Henglong KYB Automobile Electric Steering System Co., Ltd. (Henglong KYB) | 125 | 107 | 78 | 64 | 60 |
| Jiulong | 56 | 62 | 75 | 90 | 83 |
| Corporate | 52 | 59 | 70 | 72 | 75 |
| Wuhu | 40 | 39 | 26 | 20 | 22 |
| Brazil Henglong | 27 | 20 | 16 | ||
| Eliminations | -355 | -337 | -346 | -338 | -322 |
| Shenyang | 24 | 26 | 34 | ||
| Total | 766 | 714 | 717 | 708 | 660 |
Price Behavior
| Market Price | $4.43 | |
| Market Cap ($ Bil) | 0.1 | |
| First Trading Date | 10/07/2003 | |
| Distance from 52W High | -11.8% | |
| 50 Days | 200 Days | |
| DMA Price | $4.47 | $4.41 |
| DMA Trend | up | up |
| Distance from DMA | -0.9% | 0.6% |
| 3M | 1YR | |
| Volatility | 26.4% | 31.2% |
| Downside Capture | 47.96 | 47.42 |
| Upside Capture | 46.34 | 38.62 |
| Correlation (SPY) | 13.5% | 12.7% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.17 | 0.33 | 0.33 | 0.46 | 0.34 | 0.59 |
| Up Beta | 0.42 | -0.02 | -0.11 | -0.06 | -0.03 | 0.43 |
| Down Beta | -1.42 | -1.41 | 0.04 | 0.62 | 0.53 | 0.69 |
| Up Capture | 33% | 72% | 54% | 62% | 32% | 28% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 9 | 18 | 25 | 57 | 112 | 335 |
| Down Capture | -79% | 95% | 63% | 56% | 45% | 87% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 11 | 20 | 31 | 57 | 122 | 383 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CAAS | |
|---|---|---|---|---|
| CAAS | 4.7% | 31.2% | 0.17 | - |
| Sector ETF (XLY) | 8.4% | 18.3% | 0.30 | 9.8% |
| Equity (SPY) | 23.8% | 12.3% | 1.45 | 12.3% |
| Gold (GLD) | 26.1% | 27.4% | 0.83 | 10.6% |
| Commodities (DBC) | 33.6% | 19.1% | 1.39 | 1.1% |
| Real Estate (VNQ) | 11.9% | 13.5% | 0.58 | 7.0% |
| Bitcoin (BTCUSD) | -43.8% | 42.1% | -1.25 | 10.3% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CAAS | |
|---|---|---|---|---|
| CAAS | 2.0% | 55.9% | 0.25 | - |
| Sector ETF (XLY) | 7.2% | 23.8% | 0.26 | 15.1% |
| Equity (SPY) | 13.3% | 17.1% | 0.61 | 16.4% |
| Gold (GLD) | 16.9% | 18.2% | 0.75 | 0.7% |
| Commodities (DBC) | 8.6% | 19.4% | 0.34 | 6.3% |
| Real Estate (VNQ) | 2.9% | 18.8% | 0.05 | 12.5% |
| Bitcoin (BTCUSD) | 11.0% | 54.5% | 0.40 | 6.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CAAS | |
|---|---|---|---|---|
| CAAS | 2.4% | 82.4% | 0.31 | - |
| Sector ETF (XLY) | 12.5% | 22.1% | 0.52 | 9.6% |
| Equity (SPY) | 15.2% | 17.9% | 0.72 | 9.6% |
| Gold (GLD) | 12.8% | 16.1% | 0.66 | -1.2% |
| Commodities (DBC) | 6.8% | 18.0% | 0.30 | 6.4% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.23 | 5.9% |
| Bitcoin (BTCUSD) | 60.8% | 66.8% | 1.00 | 6.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 6/3/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 04/22/2026 | 20-F |
| 09/30/2025 | 11/12/2025 | 6-K |
| 06/30/2025 | 08/13/2025 | 10-Q |
| 03/31/2025 | 05/14/2025 | 10-Q |
| 12/31/2024 | 03/28/2025 | 10-K |
| 09/30/2024 | 11/13/2024 | 10-Q |
| 06/30/2024 | 08/13/2024 | 10-Q |
| 03/31/2024 | 05/14/2024 | 10-Q |
| 12/31/2023 | 03/28/2024 | 10-K |
| 09/30/2023 | 11/13/2023 | 10-Q |
| 06/30/2023 | 08/11/2023 | 10-Q |
| 03/31/2023 | 05/12/2023 | 10-Q |
| 12/31/2022 | 03/30/2023 | 10-K |
| 09/30/2022 | 11/14/2022 | 10-Q |
| 06/30/2022 | 08/12/2022 | 10-Q |
| 03/31/2022 | 05/23/2022 | 10-Q |
Industry Resources
| Consumer Discretionary Resources |
| Retail Dive |
| Business of Fashion (BoF) |
| WWD (Women's Wear Daily) |
| National Retail Federation (NRF) |
| McKinsey & Company - Consumer |
| Mintel Consumer Trends |
| Automotive Parts & Equipment Resources |
| AftermarketNews |
| Tire Review |
| Motor Age |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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