China Automotive Systems, Inc. (CAAS) 2012年年度报告「NASDAQ」.pdf

1、 2 20 01 12 2 A AN NN NU UA AL L R RE EP POOR RT T CCH HI IN NA A A AU UT TOOMMOOT TI IV VE E S SY YS ST TE EMMS S,I IN NCC.Based in Hubei Province,Peoples Republic of China,CHINA AUTOMOTIVE SYSTEMS,INC.is a leading supplier of power steering components and systems to the Chinese automotive industry

2、 and is exporting into the North American market.The company operates through ten Sino-foreign joint ventures in China and three wholly-owned subsidiaries in China and America.o Henglong USA Corporation o Great Genesis Holdings Limited Shenyang Jinbei Henglong Automotive Steering System Co.,Ltd.Jing

3、zhou Hengsheng Automotive System Co.,Ltd.o Shashi Jiulong Power Steering Co.o Jingzhou Henglong Automotive Parts Co.o Wuhu Henglong Electric Power Steering Co.,Ltd.o Wuhan Jielong Steering System Co.,Ltd.o Universal Sensor Application,Inc.o Beijing Henglong Automotive System Co.,Ltd.o Chongqing Heng

4、long Hongyan Automotive System Co.,Ltd.o CAAS Brazils Imports And Trade In Automotive Parts Ltd.Jingzhou Henglong Automotive Technology(Testing)Centre DEAR SHAREHOLDERS,We are pleased to report a solid performance in a challenging year.Our annual net sales increased by$6.2 million to$336.0 million i

5、n 2012,compared to$329.8 million in 2011,though the vehicle sales in China were flat in 2012 as Chinas GDP annual growth was only 7.8 percent in 2012 and represented the slowest growth in the past 13 years.We continued to increase our penetration in North America.Chrysler has become our largest cust

6、omer in 2012.We remain the largest steering supplier to many Chinese vehicle OEMs,and our domestic sales grew as Chinese-branded vehicles regained market share in 2012.We adopted additional technical innovations to improve our production efficiency to help stabilize our gross margin going forward.In