China Automotive Systems, Inc. (CAAS) 2020年年度报告「NASDAQ」.pdf

1、 FY 2020 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 t

2、hrough 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 Steerin

3、g 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 Automo

4、tive 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 He

5、nglong Automotive Technology(Testing)Center Wuhan Jielong Electric Power Steering Co.,Ltd.Wuhan Chuguanjie Automotive Science and Technology Ltd.Dear Shareholders,With a heavy heart,we can say that 2020 was a year we wish to forget.Since its first outbreak in Wuhan in January,the pandemic has wreake

6、d havoc around the globe and caused major disruptions in public health,social and economic orders in nearly all parts of the world.Being the first nation hit by the virus,China suffered massive losses in human lives and economic output.Not surprisingly,for the first quarter of 2020,Chinas GDP sank b