China Automotive Systems, Inc. (CAAS) 2024年年度报告「NASDAQ」.pdf

1、F FY Y 2 20 02 24 4 A AN NN NU UA AL L R RE EP POOR RT T C CHHI IN NA A A AU UT TOOMMOOT TI IV VE E S SY YS ST TE EMMS S,I IN NC C.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 i

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

3、bei Henglong Automotive System Group Co.,Ltd.Shashi Jiulong Power Steering Gears Co.,Ltd.Wuhu Henglong Automotive Steering System Co.,Ltd.Chongqing Henglong Hongyan Automotive System Co.,Ltd.CAAS Brazils Imports And Trade In Automotive Parts Ltd.Hubei Henglong Group Shanghai Automotive Electronics R

4、esearch and Development Ltd.Hubei Henglong&KYB Automobile Electric Steering System Co.,Ltd.Hyoseong(Wuhan)Motion Mechatronics System Co.,Ltd.Wuhu Hongrun New Material Co.,Ltd.Changchun Hualong Automotive Technology Co.,Ltd.Hubei Zhirong Automotive Technology Co.,Ltd.Jingzhou Henglong Automotive Part

5、s Co.,Ltd.o Jingzhou Henglong Automotive Technology(Testing)Center Wuhan Jielong Electric Power Steering Co.,Ltd.o Wuhan Chuguanjie Automotive Science and Technology Ltd.Dear Shareholder,The Chinese economys rebound continued and accelerated in 2023,with GDP growth of 5.2%,a significant improvement

6、from the 3%growth in the post-COVID year of 2022.Although this growth rate is below the historical average for China,it demonstrates the resilience of a large manufacturing economy amidst various challenges.The positive effects of this economic resurgence have been felt across multiple business sect