China Automotive Systems, Inc. (CAAS) 2021年年度报告「NASDAQ」.pdf

1、 FY 2021 ANNUAL REPORT CHINA AUTOMOTIVE SYSTEMS,INC.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 th

2、rough eight wholly-owned subsidiaries in China and America and ten Sino-foreign joint ventures in China.o Henglong USA Corporation Great Genesis Holdings Limited Shenyang Jinbei Henglong Automotive Steering System Co.,Ltd.Hubei Henglong Automotive System Group Co.,Ltd.o Shashi Jiulong Power Steering

3、 Gears Co.,Ltd.o Wuhu Henglong Automotive Steering System Co.,Ltd.o Chongqing Henglong Hongyan Automotive System Co.,Ltd.o CAAS Brazils Imports And Trade In Automotive Parts Ltd.o Hubei Henglong Group Shanghai Automotive Electronics Research and Development Ltd.o Jingzhou Qingyan Intelligent Automot

4、ive Technology Research Institute Co.,Ltd.o Hubei Henglong&KYB Automobile Electric Steering System Co.,Ltd.o Hyoseong(Wuhan)Motion Mechatronics System Co.,Ltd.o Wuhu Hongrun New Material Co.,Ltd.o Changchun Hualong Automotive Technology Co.,Ltd.Jingzhou Henglong Automotive Parts Co.,Ltd.Jingzhou Hen

5、glong Automotive Technology(Testing)Center Wuhan Jielong Electric Power Steering Co.,Ltd.Wuhan Chuguanjie Automotive Science and Technology Ltd.Dear Shareholder,2021 net sales grew by 19.3%year-over-year to$498.0 million as our passenger vehicle steering sales increased by 26.5%year-over-year even a

6、s sales to the commercial vehicle market declined by 16.0%.We returned to profitable operations earning$0.36 per share and generating net cash flow from operating activities of$28.3 million.Our advanced hydraulic product sales rose by 7.6%year-over-year and our electric power steering(“EPS”)revenue