Henglong was China Automotive Systems’s largest segment in fiscal 2025, bringing in $365.28M of $765.74M (48%).
| Segment | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Henglong | $271.50M | $325.87M | $365.28M |
| Henglong Kyb | $147.99M | $188.22M | $234.99M |
| Other Entities | $112.13M | $138.52M | $163.95M |
| Hubei Henglong | $115.88M | $105.43M | $121.60M |
| Jiulong | $69.93M | $71.57M | $92.27M |
| Brazil Henglong | $48.26M | $51.01M | $68.71M |
| Wuhu | $37.85M | $44.84M | $34.65M |
| Eliminations | -$227.18M | -$274.53M | -$315.69M |
| Total | $576.35M | $650.94M | $765.74M |
China Automotive Systems brought in $765.74M from its eight segments in fiscal 2025, the year ended December 31, 2025. That was up 17.6% from $650.94M in fiscal 2024. Henglong was the largest at $365.28M (47.7%), ahead of Henglong Kyb at $234.99M (30.7%) and Other Entities at $163.95M (21.4%). The other four segments brought in $317.22M combined.
Compared with fiscal 2024, Brazil Henglong grew fastest, up 34.7% to $68.71M, while Wuhu fell the most, down 22.7% to $34.65M. From fiscal 2023 to 2025, combined revenue from these segments grew from $576.35M to $765.74M, a compound annual growth rate of 15.3%. Henglong's share of the total rose from 47.1% to 47.7%.
The total is net of Eliminations, which took $315.69M off revenue in fiscal 2025.
Prc was China Automotive Systems’s largest region in fiscal 2025, bringing in $518.57M of $765.74M (68%).
| Geography | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Prc | $374.93M | $443.87M | $518.57M |
| U.S | $111.46M | $107.88M | $125.15M |
| Foreign Countries | $89.97M | $99.19M | $122.02M |
| Total | $576.35M | $650.94M | $765.74M |
China Automotive Systems brought in $765.74M from its three regions in fiscal 2025, the year ended December 31, 2025. That was up 17.6% from $650.94M in fiscal 2024. Prc was the largest at $518.57M (67.7%), ahead of U.S at $125.15M (16.3%) and Foreign Countries at $122.02M (15.9%).
Compared with fiscal 2024, Foreign Countries grew fastest, up 23.0% to $122.02M. Every region above 2% of revenue grew. From fiscal 2023 to 2025, combined revenue from these regions grew from $576.35M to $765.74M, a compound annual growth rate of 15.3%. Prc's share of the total rose from 65.1% to 67.7%.
China Automotive Systems (CAAS) reports its revenue by segment and by geography. In fiscal 2025, Henglong was its largest segment, bringing in $365.28M (47.7% of the total), followed by Henglong Kyb at $234.99M (30.7%).
Henglong was China Automotive Systems' largest segment in fiscal 2025, bringing in $365.28M, or 47.7% of the $765.74M total across its eight segments.
Prc was China Automotive Systems' largest region in fiscal 2025, bringing in $518.57M, or 67.7% of the $765.74M total across its three regions.
Among China Automotive Systems' segments that make up at least 2% of revenue, Brazil Henglong grew fastest in fiscal 2025, up 34.7% from $51.01M to $68.71M.
Every figure comes from China Automotive Systems' annual financial filings, as reported. Each line keeps the name China Automotive Systems gives it, and years follow its fiscal calendar.
China Automotive Systems' revenue by segment goes back to fiscal 2023, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.