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China Automotive Systems Raises Revenue Target to $720M and Expands Global Presence
ByAinvest
Wednesday, Aug 13, 2025 2:42 pm ET1min read
China Automotive Systems raised its 2025 revenue target to $720M, with Q2 2025 net sales increasing 11.1% YoY to $176.2M. EPS system sales rose 31.1% to $72.9M, accounting for 41.2% of total sales. The Henglong KYB subsidiary expansion contributes to the growth in global steering systems footprint.
China Automotive Systems, Inc. (NASDAQ: CAAS) has announced its financial results for the second quarter of 2025, demonstrating robust growth and a significant increase in revenue. The company reported net sales of $176.2 million for the quarter, representing an 11.1% year-over-year increase from $158.6 million in the same period last year [1].One of the key drivers of this growth was the strong performance of the company's Electric Power Steering (EPS) products. EPS sales rose by 31.1% year-over-year to $72.9 million, accounting for 41.4% of total sales in the second quarter of 2025 [1]. This growth reflects the increasing demand for advanced steering technologies and the company's successful transition to more technology-focused products.
The company's subsidiary, Henglong KYB, also contributed to the expansion of its global steering systems footprint. The subsidiary's sales of commercial vehicle steering systems increased by 25.6% to $23.5 million in the second quarter of 2025 [1].
In response to these strong results, China Automotive Systems has raised its 2025 revenue target to $720 million, up from its previous target of $650 million. The company expects continued growth in EPS sales and international markets to drive this increase.
The company's financial performance was also highlighted by a 20.2% year-over-year increase in income from operations to $13.0 million and a 6.8% increase in net income attributable to parent company's common shareholders to $7.6 million [1]. These results underscore the company's strong operational efficiency and financial health.
Looking ahead, China Automotive Systems is poised to continue its growth trajectory, driven by the increasing demand for advanced steering technologies and its expanding global footprint.
References:
[1] https://www.prnewswire.com/news-releases/china-automotive-systems-reports-income-from-operations-increased-by-20-2-in-the-second-quarter-of-2025--302528445.html
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