China Automotive Systems, Inc.
What does the company do — and does the stock price make sense?

How does the company make money?

China Automotive Systems primarily manufactures and sells steering systems and related auto parts to vehicle manufacturers. The company makes money by selling these parts, including electric power steering systems.

What supports the business?

Income attributable to the parent company's shareholders rose 2025 to 42.8 million US dollars, up from 30.0 million US dollars the prior year. This shows that revenue growth also translated into income attributable to shareholders.

What could improve?

Sales of electric power steering systems contributed to the revenue increase of 2025. If demand for these products continues and the company keeps costs under control, this could further support profit; that is not certain.

How is the stock price assessed?

At 4.32 dollars, based on the most recently reported annual earnings, the stock costs roughly three times earnings per share of 1.42 dollars. That looks attractive given the profitable business, but the low price does not protect against customer and China risks.

What is the main risk?

In 2025, 55.3 percent of revenue came from five major customers; a decline in orders from one of them could noticeably weigh on earnings. In addition, the main business segments are in China, where political and trade-policy interventions create risks.

What is the overall assessment?

China Automotive Systems earns money from steering systems and auto parts for vehicle manufacturers; 2025 revenue and profit attributable to the parent grew. At the provided share price, the stock appears cheap relative to the most recently reported earnings, but dependence on a few customers and risks in China could undermine this strength.

Sources used in the analysis

1. Original source 1 · www.sec.gov · Apr 22, 2026
2. Original source 2 · api-v4.fcsapi.com