CAAS 2004年纳斯达克路演资料

CAAS 2004年纳斯达克路演资料

CHINA AUTOMOTIVE SYSTEMS

NASDAQ: CAAS

CAAS 2004年纳斯达克路演资料

Company At a GlanceChina Automotive Systems, Inc. is a leading supplier of power Steering components and systems to the Chinese automotive industry. Exchange Symbol Recent Stock Price 52-Week Price Range P/E Ratio (TTM) Average Daily Volume Market Capitalization:::::: Nasdaq:CAAS$3.25– 18.09 (3 months) 37107$157.54M

CAAS 2004年纳斯达克路演资料

MilestonesSeptember 1997– Established Henglong company for producing Power Steering Gear which was utilized in light-duty vehicles and sedans August 1999– Completed safety production line and began mass production March 2000– Achieved QS9000 and VDA6.1 quality system certificate December 2000– Approved to become OEM supplier for Dongfeng Citroen October 2001– Signed licensing agreement with Bishop Steering Technology Co., Ltd for automotive power steering valve technology December 2002– Awarded“High-Tech Enterprise” certification by Hubei Province July 2002– Established Zhejiang Henglong Wanan Pump Co. (J/V with Zhejiang Wanan Group) May 2003– Completed reverse merger; registered as Delaware corporation December 2003– Licensing agreement signed with Korean automotive company, NamYang for steering columns December 2003– Annual sales of power steering systems reached 400,000 units January 2004– Achieved TS/16949 quality system certificate June 2004– Recognized as“One of the 100 Best” automotive suppliers by China Automotive Engineering Association August 2004– Listed on Nasdaq Small Cap November 2004– Selected as Exclusive Supplier for Steering Pumps for General Motors Joint Venture in China January 2005– Signed Technology Licensing Agreement with Korea Delphi Automotive Systems

CAAS 2004年纳斯达克路演资料

Investment OverviewLeading Market Share Diverse National Footprint Broad Product Offering Customer Base Comprised of Leading Chinese Auto Manufacturers and Many Foreign Manufacturers Strategic International Partnerships Strong Technological& Research and Development Capabilities Strong Veteran Management

CAAS 2004年纳斯达克路演资料

Investment OverviewLEADING MARKET SHARE– China Automotive is the second largest supplier of power steering components and systems to the Chinese automotive industry. The first one ZF is tied directly to SAIC-Volkswagen.– The Company has long-term business relationships with more than 50 vehicle manufacturers.– Fragmented industry - seven major competitors–three Sino-foreign joint ventures and four state-owned– Total output was 2.4 million units last year– China Automotive supplied approximately 450K units in 200418% 2% 2% 8% 5% 7%12%

18% CAAS SHANGHAI ZF FKS DONGFENG FAW YUBEI J IN G M E N S H IB A O OTHERS

28%

CAAS 2004年纳斯达克路演资料

Investment Overview - Diverse National FootprintDiverse National Footprint– Based in Hubei Province, People’s Republic of China– The company manufactures and serves its customer base through four production facilities and employs approximately 2,000 personnel Jingzhou Henglong Automotive Parts Co. Shashi

Jiulong Power Steering Co. Shenyang Jinbei Henglong Automotive Steering System Co Ltd Zhijiang Henglong& Vie PumpManu Co. LtdSHENGYANG JINBEI HENGLONG

ZHEJIANG HENGLONG VIE

JINGZHOU HENGLONG

SHASHI JIULONG

CAAS 2004年纳斯达克路演资料

Investment Overview

CAAS 2004年纳斯达克路演资料

Investment Overview - Manufacturing FacilitiesJINGZHOU HENGLONG AUTOMOTIVE PARTS CO., LTD. SHASHI JIULONG POWER STEERING CO., LTD. Total Area: 425,091 m2 (105 acres) Building Area: 49,105 m2 (528,562 ft.2 ) Employees: 1,530 Products: Integral Ball& Nuts Power steering R&P Power Steering Gears Steering Column& Steering Hoses 2004 Units: 363,759

CAAS 2004年纳斯达克路演资料

Investment Overview - Manufacturing FacilitiesSHENYANG JINBEI HENGLONG AUTO-STEERING SYSTEM CO., LTD.Total Area Building Area Employees Products: 2004 Units: 35,354 m2: 11,413 m2: 218 R&P Power Steering Gears R&P Manual Steering Gears: 81,834 (8.75 acres) (122,849 ft.2 )

CAAS 2004年纳斯达克路演资料

Investment Overview - Manufacturing FacilitiesZHEJIANG HENGLONG VIE PUMP CO., LTD.Total Area Building Area Employees Products 2004 Units: 27,756 m2 (6.86 acres): 7,262 m2 (78,168 ft.2 ): 209: Power Steering Pumps: 94,881

CAAS 2004年纳斯达克路演资料

Investment Overview - Awards& CertificatesInternationally Certified Manufacturing Facilities The Henglong and Jiulong manufacturing facilities received ISO/TS 16949 Certification in January of 2004. Company received ISO 9002, QS9000 and VDA6.1 quality system certificate in March of 2000. Vesteon Quality System Verification in July 2004.

CAAS 2004年纳斯达克路演资料

Investment Overview - Company Structure

CAAS 2004年纳斯达克路演资料

Investment Overview - Broad Product OfferingThe company’s product offering encompasses a full range of auto parts which are incorporated into steering systems for both automobiles and commercial vehicles. Steering Column (Safety, Tilt) Steering Pumps

Steering Hoses

R& P Power Steering Gears*

The company currently offers approximately four separate series of power steering sets and 307 models of power steering sets, steering columns, steering oil pumps and steering hoses.

CAAS 2004年纳斯达克路演资料

Investment Overview - Key CustomersCustomer Base Comprised of Leading Chinese Auto Manufacturers The Company’s Ten largest customers represent approximately 73.1% of total sales.Customer Brilliance China Automotive Holdings Ltd. Beiqi Foton Motor Co., Ltd. Donfeng Auto Group Co., Ltd. China FAW Group, Corp. Chery Automobile Co., Ltd. Great Wall Motor Company, Ltd. Zhejiang Geely Holdings Co., Ltd. Shanxi Heavy Auto Co., Ltd. Southeast (Fujian) Auto Industry Co., Ltd. Hebei Zhongxing Auto Co., Ltd. Other% 19.2% 16.2% 10.9% 7.2% 4.3% 4.3% 3.7% 2.8% 2.3% 2.2% 26.9%

CAAS 2004年纳斯达克路演资料

Key Customers– Customer ProfilesBrilliance China Automotive Holdings Ltd. Brilliance China is one of the leading automotive manufacturers in China through its subsidiaries, associated companies and joint ventures. The company manufactures minibuses and automotive components, and sedans. Its commercial vehicle brands include"JinBei" and"Granse" minibuses and its sedan brand includes"Zhonghua". In 2003, the Group al

so established a joint venture with BMW to produce BMW 3-series and 5-series sedans in China. In addition the company has established strategic partnerships or working relationships with leading global automotive companies, such as Toyota, Mitsubishi, FEV Motorentechnik Gmbh, Porsche and Italdesign S.p.A. The company has over 8,700 employees, the Group achieved revenue of RMB10.1 billion for the year ended 31st December, 2003.

CAAS 2004年纳斯达克路演资料

Key Customers– Customer ProfilesBeiqi Foton Motor Co., Ltd. Beiqi Futian (Foton) is a state-owned enterprise which was established in 1996 by merging 100 other companies from 13 municipalities. The company is a leading producer of four-wheel farm vehicles and with the approval of the State MachineBuilding Bureau ventured into automobile manufacturing in1998. The corporation possesses a total asset of 4 billion RMB and has approximately 15,000 employees. Foton’s main products are automobile, engine, tractor, harvest machinery, economic light truck, chemical building material and equipment, and structural steel strut. The company sold 260,235 passenger cars and 209,842 light trucks in 2003.

CAAS 2004年纳斯达克路演资料

Key Customers– Customer ProfilesDongfeng Auto Group Co. - Dongfeng Motor Corporation (abbr. DFM) has grown to be one of the three big automotive groups in China since it was founded in 1969. The company’s products include full series commercial vehicles, passenger cars, and automotive components and devices. The company is based in central China's Hubei Province. At the end of 2003, the company had RMB 63.68 billion in total assets, RMB 27.3 billion in net assets and 112,000 employees. The company currently has international alliances with Nissan and Mitsubishi.

CAAS 2004年纳斯达克路演资料

Key Customers– Customer ProfilesChina FAW Group, Corp.– FAW Group Corp., also known as First Automotive Works, was founded in 1953 and is the biggest automotive industrial conglomerate in China. The company is located in Changchun, Jilin Province, North East China and employs more than 200,000 people. FAW has 35 assembly plants throughout China, 11 subcompanies (controlled solely by FAW), 12 holding companies and 14 joint ventures. And there are 200 other enterprises related to FAW. The company established a JV with Volkswagen AG in 1990. FAW also has a JV with Toyota Motor Corp. FAW Group Corporation produced more than 1 million units in 2004 and the company exports vehicles to over 30 countries.

CAAS 2004年纳斯达克路演资料

Key Customers– Customer ProfilesChery Automobile Co., Ltd. - Chery Automobile Co.,Ltd was founded in 1997 and is based in Wuhu, Anhui Province. The company is one of the fastest growing independent auto manufacturers in China. The company has production capacity of 400,000 engines and 300,000 whole cars. Chery currently ranks in the top eight in the domestic auto industry. The company has established a Joint Venture with Visionary Vehicles and is preparing to export to the U.S. ma

rket in 2007.CAAS will be its exclusive power-steering supplier for its exporting vehicles. The company plans to introduce several different models in including, an entry level compact, a mid-size sedan, a luxury coupe, an SUV, and a Crossover. The exported vehicles are expected to be priced 30% below existing comparable vehicles and carry a 100,000 mile/10 year warranty.

CAAS 2004年纳斯达克路演资料

Key Customers by Product CategoryRack& Pinion Power Steering Gears

CAAS 2004年纳斯达克路演资料

Key Customers by Product CategoryIntegral Power Steering Gears

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