China Automotive Systems, Inc. income statement

In fiscal 2025, China Automotive Systems, Inc. reported revenue of $766m, up 17.6% on the year before, operating income of $53.6m (a 7.0% margin) and net income of $42.8m, or $1.42 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

China Automotive Systems, Inc.: income statement, annual
Fiscal year	2023Dec 2023	2024Dec 2024	2025Dec 2025
Revenue	576	651	766
Cost of revenue	473	542	620
Gross profit	104	109	145
Research and development	29	28	45
Selling, general and administrative	26	28	30
Operating income	39	40	54
Interest expense	1	2	2
Income before tax	48	44	61
Income tax	5	6	12
Net income	38	30	43
Diluted EPS	$1.25	$0.99	$1.42
Diluted shares (average)	30m	30m	30m
EBITDA	58	60	68

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from China Automotive Systems, Inc.'s SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to China Automotive Systems, Inc.