---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-040121"
form_type: "8-K"
ticker: null
cik: "0001157762"
company_name: "CHINA AUTOMOTIVE SYSTEMS INC/2"
filed_at: "2024-03-28T23:59:59+00:00"
generated_at: "2026-06-04T05:46:42.160121+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# China Automotive Systems reports record annual revenue $576.4M; diluted EPS $1.25 (+81.2%)

## Summary
- FY2023 net sales $576.4M (+8.8% YoY); Q4 net sales $159.2M (+23.6% YoY).
- FY2023 diluted EPS $1.25 vs $0.69; Q4 diluted EPS $0.36 vs $0.14.
- EPS product sales +24.6% in 2023, now 33.8% of total revenue.
- FY2024 revenue guidance of $605M; cash & equivalents $166.3M at year-end.
- Brazil sales +22.9% offset North America -8.5% in 2023.

## SEC filing metadata
- accession: 0001104659-24-040121
- form_type: 8-K
- cik: 0001157762
- company_name: CHINA AUTOMOTIVE SYSTEMS INC/2
- filed_at: 2024-03-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1157762/000110465924040121/0001104659-24-040121-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1157762/000110465924040121/tm249943d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-040121
- JSON: https://secwatch.observer/filing/0001104659-24-040121.json
- Plain text: https://secwatch.observer/filing/0001104659-24-040121.txt

## Key facts
- Earnings Releases
  CHINA AUTOMOTIVE SYSTEMS INC/2 reported the fiscal year ended December 31, 2023 results: revenue $576.4 million, EPS $1.25.
  - Period: the fiscal year ended December 31, 2023
  - Revenue: $576.4 million
  - EPS: $1.25
  - Result: reported results
  source text: Net sales increased by 8.8% to an annual record of $576.4 million compared to $529.6 million in 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1157762/000110465924040121/0001104659-24-040121-index.htm
- Earnings Releases
  CHINA AUTOMOTIVE SYSTEMS INC/2 reported the fourth quarter of 2023 results: revenue $159.2 million, net income $10.9 million, EPS $0.36.
  - Period: the fourth quarter of 2023
  - Revenue: $159.2 million
  - Net income: $10.9 million
  - EPS: $0.36
  - Result: reported results
  source text: for the fourth quarter and the audited results for the fiscal year ended December 31, 2023. Fourth Quarter 2023 Highlights ● Net sales increased by 23.6% year-over-year to $159.2 million ● Gross profit increased by 38.8% to $34.7 million from $25.0 million. Gross margin increased to 21.8% from 19.4% in the fourth quarter of 2022 ● Operating income was $13.6
  evidence_url: https://www.sec.gov/Archives/edgar/data/1157762/000110465924040121/0001104659-24-040121-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.