China Automotive Systems Full-Year Sales Hit $765.7M, EPS Up 43.4%
China Automotive Systems’ Q4 2025 net sales rose 21.4% to $229.2M and EPS doubled to $0.61, propelling full-year net sales to record $765.7M (+17.6%) and EPS to $1.42 (+43.4%). Operating cash flow jumped to $111.6M from $9.8M as EPS product sales surged 25.5% and gross margin widened to 19.0%.
1. Q4 2025 Financial Highlights
In the fourth quarter of 2025, net sales climbed 21.4% year-over-year to $229.2 million and gross profit jumped 79.8% to $53.0 million, lifting gross margin to 23.1%. Operating income more than doubled to $18.1 million and EPS rose to $0.61 from $0.30, driven by a stronger product mix and increased exports.
2. Full-Year 2025 Record Performance
For the full year 2025, net sales grew 17.6% to $765.7 million while gross profit expanded 33.2% to $145.5 million and gross margin improved to 19.0%. Operating income increased 33.2% to $53.6 million and diluted EPS reached $1.42, with operating cash flow surging to $111.6 million versus $9.8 million in 2024.
3. Strategic Product and Market Expansion
Electric power steering sales surged 25.5%, outpacing 12.6% growth in hydraulic systems as new R-EPS and L2+ electro-hydraulic steering systems entered production. The firm also launched active rear-wheel steering, expanded its 115-platform motor line, and forged regional partnerships to strengthen its global OEM footprint.
4. Redomiciliation and Reporting Changes
In September 2025, the company completed its redomiciliation to the Cayman Islands to enhance global positioning, streamline operations and product development, and shift to a six-month reporting cycle, boosting strategic flexibility for international expansion.