China Automotive Systems, Inc. (CAAS) 2019年年度报告「NASDAQ」.pdf

1、 FY 2019 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 Universal Sensor Application,Inc.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 J

4、ingzhou Qingyan Intelligent Automotive 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.Jingzhou Henglong Automotive Parts Co.,Ltd.Jingzhou Henglong Automotiv

5、e Technology(Testing)Center Wuhan Jielong Electric Power Steering Co.,Ltd.Wuhan Chuguanjie Automotive Science and Technology Ltd.Dear Shareholders 2019 was the year that started with fear,but ended with hope.After a series of meetings and negotiations among high level officials throughout the year,t

6、he U.S.and China agreed to end the trade war at the end of 2019.Businesses in both nations joyfully embraced the Phase One trade deal before the holiday season hoping it symbolized a new chapter of growth and partnership.Despite the 6.1%GDP growth in 2019,the slowest annual growth rate in the last 2