China Automotive Systems, Inc. (CAAS) 2011年年度报告「NASDAQ」.pdf

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China Automotive Systems, Inc. (CAAS) 2011年年度报告「NASDAQ」.pdf

1、 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 and is exporting into the North American market.The company operates through nine Sino-foreign joint ventures in China and

2、 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.Jingzhou Hengsheng Automotive System Co.,Ltd.o Shashi Jiulong Power Steering Co.o Jingzhou Henglong Automotive Parts Co.o Wuhu

3、 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.Jingzhou Henglong Automotive Technology(Testing)Centre DdCdblobinaGgtptrwteelCscuedpuvnacemSDear Shar We achdifficult and China.In 2011dec

4、lined by 5.4by 6.3%in Cargest supplieof Chinas largby the performThe econ 2009 and automotive incGovernment tgrowth mainlyargeted real policies reducrucks with hewith 2010.Our 201o$348.0 milelectric poweexports to Chryower unit salChina.Sales superior to comcommanding hTo increutilized joint vexpend

5、itures adeveloped a jproduce steerinunits to our caventure with Snew steering pand we will capacity.We festablish our pmarket in SouSouth Americreholders,hieved a solidchallenging 1,domestic br4%and commChina,comparer of safety-relgest vehicle Omance of both mnomic stimulu2010 weakecentives expiro a

6、dopt new y through a reestate and coed demand foeavy-duty truc1 annual net sllion as we aer steering(“ysler in Northles of our traof new prodmpetitors leadhigher sale priease our penventures to redas we add projoint venture ng systems anapacity.In earShanghai Autoproducts for ouadd another further d

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