China Automotive Systems (CAAS) 10-Q 10 Nov 16 2016 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2016	Nov. 10, 2016
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Entity Registrant Name	CHINA AUTOMOTIVE SYSTEMS INC
Entity Central Index Key	1,157,762
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Trading Symbol	CAAS
Entity Common Stock, Shares Outstanding		31,705,196

Condensed Unaudited Consolidate

Condensed Unaudited Consolidated Statements of Operations and Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Net product sales	$ 94,626	$ 90,845	$ 312,497	$ 323,455
Cost of products sold	74,641	74,933	253,352	264,080
Gross profit	19,985	15,912	59,145	59,375
Gain on other sales	22	877	2,008	3,248
Less: Operating expenses
Selling expenses	3,840	3,319	12,273	10,989
General and administrative expenses	3,741	3,080	11,998	11,316
Research and development expenses	6,723	5,440	18,849	17,746
Total operating expenses	14,304	11,839	43,120	40,051
Income from operations	5,703	4,950	18,033	22,572
Other income, net	420	221	995	587
Interest expense	(201)	(501)	(524)	(1,040)
Financial income, net	800	556	1,270	2,018
Income before income tax expenses and equity in earnings of affiliated companies	6,722	5,226	19,774	24,137
Less: Income taxes	1,167	945	3,416	4,001
Equity in earnings of affiliated companies	304	100	561	264
Net income	5,859	4,381	16,919	20,400
Net income attributable to non-controlling interests	177	93	164	(56)
Net income attributable to parent company’s common shareholders	5,682	4,288	16,755	20,456
Comprehensive income:
Net income	5,859	4,381	16,919	20,400
Other comprehensive income:
Foreign currency translation loss, net of tax	(2,139)	(12,477)	(8,435)	(12,316)
Comprehensive income/(loss)	3,720	(8,096)	8,484	8,084
Comprehensive income/(loss) attributable to non-controlling interests	119	(483)	(143)	(649)
Comprehensive income/(loss) attributable to parent company	$ 3,601	$ (7,613)	$ 8,627	$ 8,733
Net income attributable to parent company’s common shareholders per share
Basic (in dollars per share)	$ 0.18	$ 0.13	$ 0.52	$ 0.64
Diluted (in dollars per share)	$ 0.18	$ 0.13	$ 0.52	$ 0.64
Weighted average number of common shares outstanding
Basic (in shares)	31,911,360	32,121,019	32,038,933	32,121,019
Diluted (in shares)	31,911,722	32,134,839	32,040,514	32,136,003

Condensed Unaudited Consolidat3

Condensed Unaudited Consolidated Statements of Operations and Comprehensive Income [Parenthetical] - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Revenue from Related Parties	$ 9,950	$ 8,137	$ 28,589	$ 28,076
Related Party Costs	$ 5,869	$ 5,721	$ 18,912	$ 18,359

Condensed Unaudited Consolidat4

Condensed Unaudited Consolidated Balance Sheets - USD ($) $ in Thousands		Sep. 30, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents		$ 39,062	$ 69,676
Pledged cash		21,077	31,402
Short-term investments		39,337	21,209
Accounts and notes receivable, net - unrelated parties		255,794	254,397
Accounts and notes receivable, net - related parties		23,637	21,918
Advance payments and others - unrelated parties		10,891	4,381
Advance payments and others - related parties		845	544
Inventories		74,484	65,570
Current deferred tax assets		6,610	6,962
Total current assets		471,737	476,059
Non-current assets:
Long-term time deposits		898	5,082
Property, plant and equipment, net	[1],[2]	94,063	84,151
Intangible assets, net		588	2,793
Other receivables, net - unrelated parties		2,283	3,882
Other receivables, net - related parties		73	14
Advance payment for property, plant and equipment - unrelated parties		16,507	15,192
Advance payment for property, plant and equipment - related parties		6,625	8,863
Long-term investments		15,202	6,152
Goodwill		0	608
Non-current deferred tax assets		4,898	4,899
Total assets		612,874	607,695
Current liabilities:
Bank and government loans		39,942	40,929
Accounts and notes payable - unrelated parties		204,502	197,105
Accounts and notes payable - related parties		5,538	6,363
Customer deposits		741	1,613
Accrued payroll and related costs		6,619	6,332
Accrued expenses and other payables		29,731	31,383
Accrued pension costs		4,365	4,664
Taxes payable		7,233	9,284
Amounts due to shareholders/directors		332	345
Advances payable (current portion)		322	0
Current deferred tax liabilities		177	194
Total current liabilities		299,502	298,212
Long-term liabilities:
Long-term bank loan		669	0
Advances payable		529	1,922
Non-current deferred tax liabilities		0	266
Total liabilities		300,700	300,400
Commitments and Contingencies (See Note 29)
Stockholders' equity:
Common stock, $0.0001 par value - Authorized - 80,000,000 shares; Issued - 31,861,756 and 32,338,302 shares as of September 30, 2016 and December 31, 2015, respectively		3	3
Additional paid-in capital		64,627	64,627
Retained earnings-
Appropriated		10,521	10,379
Unappropriated		223,235	206,622
Accumulated other comprehensive income		10,284	18,412
Treasury stock - 476,546 and 217,283 shares as of September 30, 2016 and December 31, 2015, respectively		(1,991)	(1,000)
Total parent company stockholders' equity		306,679	299,043
Non-controlling interests		5,495	8,252
Total stockholders' equity		312,174	307,295
Total liabilities and stockholders' equity		$ 612,874	$ 607,695
[1]	Depreciation charges were $3.3 million and $3.4 million for the three months ended September 30, 2016 and 2015, respectively, and $10.4 million and $11.0 million for the nine months ended September 30, 2016 and 2015, respectively.
[2]	During the three and nine months ended September 30, 2016, nil and $1.1 million, respectively, of government subsidies were recorded as a reduction of the cost of property, plant and equipment.

Condensed Unaudited Consolidat5

Condensed Unaudited Consolidated Balance Sheets [Parenthetical] - $ / shares	Sep. 30, 2016	Dec. 31, 2015
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	80,000,000	80,000,000
Common stock, shares issued	31,861,756	32,338,302
Treasury stock, shares	476,546	217,283

Condensed Unaudited Consolidat6

Condensed Unaudited Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Cash flows from operating activities:
Net Income (Loss)	$ 16,919	$ 20,400
Adjustments to reconcile net income from operations to net cash provided by operating activities:
Depreciation and amortization	10,732	11,509
Reversal of provision for doubtful accounts	(126)	(124)
Inventory write downs	2,353	1,522
Deferred income taxes	(142)	(1,180)
Equity in earnings of affiliated companies	(561)	(236)
Gain on disposal of Fujian Qiaolong	(698)	0
(Gain)/loss on fixed assets disposals	(6)	2
(Increase) decrease in:
Pledged cash	9,711	2,696
Accounts and notes receivable	(18,471)	19,801
Advance payments and others	(2,798)	(1,741)
Inventories	(18,244)	(6,723)
Increase (decrease) in:
Accounts and notes payable	14,990	(17,021)
Customer deposits	(613)	(381)
Accrued payroll and related costs	544	(1,068)
Accrued expenses and other payables	1,309	1,109
Accrued pension costs	(160)	(842)
Taxes payable	(1,582)	(3,671)
Advances payable	(75)	0
Net cash provided by operating activities	13,082	24,052
Cash flows from investing activities:
Increase/(decrease) in other receivables	2,382	(1,965)
Proceeds from disposition of a subsidiary, net of cash disposed of $1,063	1,953	0
Cash received from property, plant and equipment sales	511	573
Payments to acquire property, plant and equipment	(27,161)	(24,077)
Payments to acquire intangible assets	(60)	(947)
Purchase of short-term investments	(28,181)	(12,264)
Proceeds from maturities of short-term investments	13,236	25,038
Investment under equity method	(8,682)	(1,636)
Net cash used in investing activities	(46,002)	(15,278)
Cash flows from financing activities:
Proceeds from bank and government loans	12,151	11,420
Repayments of bank and government loans	(7,145)	(8,685)
Dividends paid to the non-controlling interests holders	(464)	(1,121)
Dividends paid to the holders of the Company’s common stock	0	(252)
Repurchase of common stock	(991)	0
Net cash provided by financing activities	3,551	1,362
Effects of exchange rate on cash and cash equivalents	(1,245)	(2,577)
Net decrease in cash and cash equivalents	(30,614)	7,559
Cash and cash equivalents at beginning of period	69,676	68,505
Cash and cash equivalents at end of period	39,062	76,064
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for interest	219	1,477
Cash paid for income taxes	1,396	7,554
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Advance payments for acquiring property, plant and equipment	12,771	8,456
Accounts payable for acquiring property, plant and equipment	844	292
Dividends payable to non-controlling interests	$ 0	$ 318

Condensed Unaudited Consolidat7

Condensed Unaudited Consolidated Statements of Cash Flows [Parenthetical] $ in Thousands	9 Months Ended
	Sep. 30, 2016USD ($)
Cash Divested from Deconsolidation	$ 1,063

Organization and business

Organization and business	9 Months Ended
	Sep. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Business [Text Block]	1. Organization and business China Automotive Systems, Inc., “China Automotive,” was incorporated in the State of Delaware on June 29, 1999 under the name Visions-In-Glass, Inc. China Automotive, including, when the context so requires, its subsidiaries and the joint ventures described below, is referred to herein as the “Company.” The Company is primarily engaged in the manufacture and sale of automotive systems and components, as described below. Great Genesis Holdings Limited, a company incorporated in Hong Kong on January 3, 2003 under the Companies Ordinance in Hong Kong as a limited liability company, “Genesis,” is a wholly-owned subsidiary of the Company. Great Genesis is mainly engaged in the manufacture and sale of automotive systems and components through its controlled subsidiaries and the joint ventures, as described below. Henglong USA Corporation, “HLUSA,” incorporated on January 8, 2007 in Troy, Michigan, is a wholly-owned subsidiary of the Company, and is mainly engaged in marketing of automotive parts in North America, and provides after-sales service and research and development support accordingly. Percentage Interest Name of Entity September 30, December 31, Shashi Jiulong Power Steering Gears Co., Ltd., “Jiulong” 1 100.00 % 100.00 % Jingzhou Henglong Automotive Parts Co., Ltd., “Henglong” 2 100.00 % 100.00 % Shenyang Jinbei Henglong Automotive Steering System Co., Ltd., “Shenyang” 3 70.00 % 70.00 % Universal Sensor Application Inc., “USAI” 4 83.34 % 83.34 % Wuhan Jielong Electric Power Steering Co., Ltd., “Jielong” 5 85.00 % 85.00 % Wuhu HengLong Automotive Steering System Co., Ltd., “Wuhu” 6 77.33 % 77.33 % Hubei Henglong Automotive System Group Co., Ltd, “Hubei Henglong” 7 100.00 % 100.00 % Jingzhou Henglong Automotive Technology (Testing) Center, “Testing Center” 8 100.00 % 100.00 % Beijing Henglong Automotive System Co., Ltd., “Beijing Henglong” 9 50.00 % 50.00 % Chongqing Henglong Hongyan Automotive System Co., Ltd., “Chongqing Henglong” 10 70.00 % 70.00 % CAAS Brazil’s Imports And Trade In Automotive Parts Ltd., “Brazil Henglong” 11 80.00 % 80.00 % Fujian Qiaolong Special Purpose Vehicle Co., Ltd., “Fujian Qiaolong” 12 0.00 % 51.00 % Wuhan Chuguanjie Automotive Science and Technology Ltd., “Wuhan Chuguanjie” 13 85.00 % 85.00 % Hubei Henglong Group Shanghai Automotive Electronics Research and Development Ltd., “Shanghai Henglong” 14 100.00 % 100.00 % 1. Jiulong was established in 1993 and mainly engages in the production of integral power steering gears for heavy-duty vehicles. 2. Henglong was established in 1997 and mainly engages in the production of rack and pinion power steering gears for cars and light duty vehicles. 3. Shenyang was established in 2002 and focuses on power steering parts for light duty vehicles. 4. USAI was established in 2005 and mainly engages in the production and sales of sensor modules. 5. Jielong was established in 2006 and mainly engages in the production and sales of automotive steering columns. 6. Wuhu was established in 2006 and mainly engages in the production and sales of automobile steering systems. 7. On March 7, 2007, Genesis established Hubei Henglong, formerly known as Jingzhou Hengsheng Automotive System Co., Ltd., its wholly-owned subsidiary, to engage in the production and sales of automotive steering systems. On July 8, 2012, Hubei Henglong changed its name to Hubei Henglong Automotive System Group Co., Ltd. 8. In December 2009, Henglong, a subsidiary of Genesis, formed the Testing Center, which mainly engages in the research and development of new products. 9. Beijing Henglong was established in 2010 and mainly engages in the design, development and manufacture of both hydraulic and electric power steering systems and parts. According to the joint venture agreement, the Company does not have voting control of Beijing Henglong. Therefore, the Company’s consolidated financial statements do not include Beijing Henglong, and such investment is accounted for using the equity accounting method. 10. On February 21, 2012, Hubei Henglong and SAIC-IVECO Hongyan Company, “SAIC-IVECO,” established a Sino-foreign joint venture company, Chongqing Henglong, to design, develop and manufacture both hydraulic and electric power steering systems and parts. 11. On August 21, 2012, Brazil Henglong was established as a Sino-foreign joint venture company by Hubei Henglong and two Brazilian citizens, Ozias Gaia Da Silva and Ademir Dal’ Evedove. Brazil Henglong engages mainly in the import and sales of automotive parts in Brazil. 12. In the second quarter of 2014, the Company acquired a 51.0 51 20.0 3.0 0.7 13. In May 2014, together with Hubei Wanlong, Jielong formed a subsidiary, Wuhan Chuguanjie Automotive Science and Technology Ltd., “Wuhan Chuguanjie”, which mainly engages in research and development, manufacture and sales of automobile electronic systems and parts. Wuhan Chuguanjie is located in Wuhan, China. 14. In January 2015, Hubei Henglong formed Hubei Henglong Group Shanghai Automotive Electronics Research and Development Ltd., “Shanghai Henglong”, which mainly engages in the design and sales of automotive electronics.

Basis of presentation and signi

Basis of presentation and significant accounting policies	9 Months Ended
	Sep. 30, 2016
Accounting Policies [Abstract]
Basis of Presentation and Significant Accounting Policies [Text Block]	2. Basis of presentation and significant accounting policies (a) Basis of Presentation Basis of Presentation – The accompanying condensed unaudited consolidated financial statements include the accounts of the Company and its subsidiaries. The details of subsidiaries are disclosed in Note 1. Significant inter-company balances and transactions have been eliminated upon consolidation. The condensed unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”) for interim financial information and with the instructions in Article 10 of Regulation S-X. Accordingly they do not include all of the information and footnotes required by such accounting principles for complete financial statements. These financial statements should be read in conjunction with the consolidated financial statements and related footnotes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015. The accompanying interim condensed consolidated financial statements are unaudited, but in the opinion of the Company’s management, contain all necessary adjustments, which include normal recurring adjustments, for a fair statement of the results of operations, financial position and cash flows for the interim periods presented. The condensed consolidated balance sheet as of December 31, 2015 is derived from the Company’s audited financial statements at that date but does not include all of the information and footnotes required by U.S. GAAP for complete financial statements. Certain information and footnote disclosures normally included in financial statements that have been prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission, although the Company’s management believes that the disclosures contained in these financial statements are adequate to make the information presented herein not misleading. For further information, please refer to the financial statements and the notes thereto included in the Company’s 2015 Annual Report on Form 10-K, as filed with the Securities and Exchange Commission. The results of operations for the three months and nine months ended September 30, 2016 are not necessarily indicative of the results of operations to be expected for the full fiscal year ending December 31, 2016. Estimation - The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the dates of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. Foreign Currencies - China Automotive, the parent company, and HLUSA maintain their books and records in United States Dollars, “USD,” their functional currency. The Company’s subsidiaries based in the PRC and Genesis maintain their books and records in Renminbi, “RMB,” their functional currency. The Company’s subsidiary based in Brazil maintains its books and records in Brazilian reais, “BRL,” its functional currency. In accordance with ASC Topic 830, “FASB Accounting Standards Codification”, foreign currency transactions denominated in currencies other than the functional currency are remeasured into the functional currency at the rate of exchange prevailing at the balance sheet date for monetary items. Nonmonetary items are remeasured at historical rates. Income and expenses are remeasured at the rate in effect on the transaction dates. Transaction gains and losses, if any, are included in the determination of net income for the period. (b) Recent Accounting Pronouncements In May 2014, the FASB and the International Accounting Standards Board (IASB) jointly issued ASU No. 2014-9, Revenue from Contracts with Customers (Topic 606), which was further updated by ASU No. 2016-08 in March 2016, ASU No.2016-10 in April 2016 and ASU No.2016-11 in May 2016. The new guidance clarifies the principles for recognizing revenue and develops a common revenue standard for GAAP and International Financial Reporting Standards (IFRS). The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods and services. In July 2015, the FASB approved a deferral of the ASU effective date from annual and interim periods beginning after December 15, 2016 to annual and interim periods beginning after December 15, 2017. The Company is in the process of evaluating the impact of the ASU on its consolidated financial statements. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which eliminates the probable recognition threshold for credit impairments. The new guidance broadens the information that an entity must consider in developing its expected credit loss estimate for assets measured either collectively or individually to include forecasted information, as well as past events and current conditions. There is no specified method for measuring expected credit losses, and an entity is allowed to apply methods that reasonably reflect its expectations of the credit loss estimate. This ASU is effective for the Company on December 15, 2019. The Company is in the process of evaluating the impact of the ASU on its consolidated financial statements. In March 2016, the FASB issued ASU No. 2016-09, Compensation - Stock Compensation (Topic 718), Improvements to Employee Share-Based Payment Accounting. The ASU was issued as part of the FASB Simplification Initiative and involves several aspects of accounting for share-based payment transactions, including the income tax consequences and classification on the statement of cash flows. The guidance is effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Early adoption is permitted for any entity in any interim or annual period. If an entity early adopts the amendments in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. An entity that elects early adoption must adopt all of the amendments in the same period. The Company is in the process of evaluating the impact of the ASU on its consolidated financial statements. In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230), Classification of Certain Cash Receipts and Cash Payments. ASU 2016-15 refines how companies classify certain aspects of the cash flow statement in regards to debt prepayment, settlement of debt instruments, contingent consideration payments, proceeds from insurance claims and life insurance policies, distribution from equity method investees, beneficial interests in securitization transactions and separately identifiable cash flows. ASU 2016-15 is effective for fiscal years beginning after December 15, 2017, and interim periods within fiscal years beginning after December 15, 2018. Early adoption is permitted. The Company is currently evaluating the impact of ASU 2016-16 on its consolidated financial statements and related disclosures. (c) Significant Accounting Policies There have been no updates to the significant accounting policies set forth in the notes to the consolidated financial statements for the year ended December 31, 2015.

Pledged cash

Pledged cash	9 Months Ended
	Sep. 30, 2016
Cash and Cash Equivalents [Abstract]
Cash and Cash Equivalents Disclosure [Text Block]	3. Pledged cash Pledged cash is used as guarantees for the Company’s notes payable and its use is restricted. The Company regularly pays some of its suppliers by bank notes. The Company has to make a cash deposit, generally equivalent to 40 100

Short-term investments

Short-term investments	9 Months Ended
	Sep. 30, 2016
Short Term Investments Disclosure [Abstract]
Short Term Investments Disclosure [Text Block]	4. Short-term investments Short-term investments comprise of time deposits with terms of more than three months which are due within one year and wealth management financial products with maturity within one year. The carrying values of time deposits approximate fair value because of their short maturities. The interest earned is recognized in the consolidated statements of income over the contractual term of the deposits. The wealth management financial products are measured at fair value and classified as Level 2 within the fair value measurement hierarchy. The fair value was measured by using directly or indirectly observable inputs in the marketplace. Changes in the fair value are reflected in other income in the consolidated statements of operations and comprehensive income. The Company’s short-term investments as of September 30, 2016 and December 31, 2015 are summarized as follows (figures are in thousands of USD): September 30, 2016 December 31, 2015 Time deposits $ 35,279 $ 21,209 Wealth management financial products measured at fair value 4,058 - Total $ 39,337 $ 21,209 As of September 30, 2016, the Company had pledged short-term investments of RMB 92.9 13.9

Accounts and notes receivable,

Accounts and notes receivable, net	9 Months Ended
	Sep. 30, 2016
Accounts and Notes Receivable Disclosure [Abstract]
Accounts and Notes Receivable Disclosure [Text Block]	5. Accounts and notes receivable, net September 30, 2016 December 31, 2015 Accounts receivable - unrelated parties (1) $ 115,555 $ 141,828 Notes receivable - unrelated parties (2) (3) 141,306 113,777 Total accounts and notes receivable- unrelated parties 256,861 255,605 Less: allowance for doubtful accounts - unrelated parties (1,067) (1,208) Accounts and notes receivable, net - unrelated parties 255,794 254,397 Accounts and notes receivable, net - related parties 23,637 21,918 Accounts and notes receivable, net $ 279,431 $ 276,315 (1) As of September 30, 2016 and December 31, 2015, the Company has pledged nil and $ 32.3 (2) Notes receivable represent accounts receivable in the form of bills of exchange for which acceptances are guaranteed and settlements are handled by banks. (3) As of September 30, 2016, the Company collateralized its notes receivable in an amount of RMB 252.2 37.8 227.1 34.0 30.0 25.1 3.8 As of December 31, 2015, Henglong collateralized its notes receivable in an amount of RMB 232.9 35.8 207.4 31.9 30.0 25.5 3.9

Inventories

Inventories	9 Months Ended
	Sep. 30, 2016
Inventory Disclosure [Abstract]
Inventory Disclosure [Text Block]	6. Inventories The Company’s inventories as of September 30, 2016 and December 31, 2015 consisted of the following (figures are in thousands of USD): September 30, 2016 December 31, 2015 Raw materials $ 15,136 $ 15,653 Work in process 12,967 14,222 Finished goods 46,381 35,695 Total $ 74,484 $ 65,570 Provision for inventories amounted to $ 2.4 1.5

Other receivables, net

Other receivables, net	9 Months Ended
	Sep. 30, 2016
Other Receivables Disclosure [Abstract]
Other Receivables Disclosure [Text Block]	7. Other receivables, net September 30, 2016 December 31, 2015 Other receivables - unrelated parties (1) $ 576 $ 1,770 Other receivables - employee housing loans (2) 1,768 2,175 Less: allowance for doubtful accounts - unrelated parties (61) (63) Other receivables, net - unrelated parties $ 2,283 $ 3,882 September 30, 2016 December 31, 2015 Other receivables - related parties (1) $ 646 $ 621 Less: allowance for doubtful accounts - related parties (573) (607) Other receivables, net - related parties $ 73 $ 14 (1) Other receivables consist of amounts advanced to both related and unrelated parties, primarily as unsecured demand loans. These receivables originate as part of the Company's normal operating activities and are periodically settled in cash. (2) On May 28, 2014, the board of directors of the Company approved a loan program under which the Company will lend an aggregate of up to RMB 50.0 7.5 3.8

Long-term time deposits

Long-term time deposits	9 Months Ended
	Sep. 30, 2016
Cash and Cash Equivalents [Abstract]
Cash, Cash Equivalents, and Marketable Securities [Text Block]	8. Long-term time deposits Long-term time deposits are time deposits with maturities of longer than one year. Time deposits with original maturities of longer than one year but due within the next 12 months are included in short-term investments. As of September 30, 2016, short-term investments include $ 4.9

Long-term investments

Long-term investments	9 Months Ended
	Sep. 30, 2016
Long-term Investments [Abstract]
Long-Term Investments [Text Block]	9. Long-term investments On January 24, 2010, the Company invested $ 3.1 50 3.9 3.8 On September 22, 2014, Hubei Henglong entered into an agreement with other parties to establish a venture capital fund, the “Venture Fund”, which mainly focuses on investments in emerging automobiles and parts industries. As of September 30, 2016, Hubei Henglong has completed a capital contribution of RMB 35.0 5.3 14.7 5.5 2.4 In May 2016, Hubei Henglong entered into an agreement with other parties to establish a venture capital fund, the “Chongqing Venture Fund”. Hubei Henglong has committed to make investments of RMB 120.0 18.0 17.1 5.7 The Company’s consolidated financial statements reflect the net income of non-consolidated affiliates of $ 0.6 0.3

Property, plant and equipment,

Property, plant and equipment, net	9 Months Ended
	Sep. 30, 2016
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	10. Property, plant and equipment, net September 30, 2016 December 31, 2015 Land use rights and buildings $ 49,559 $ 51,384 Machinery and equipment 129,208 120,706 Electronic equipment 7,442 7,527 Motor vehicles 4,504 4,526 Construction in progress 20,502 11,225 Total amount of property, plant and equipment 211,215 195,368 Less: Accumulated depreciation (1) (117,152) (111,217) Total amount of property, plant and equipment, net (2) (3) $ 94,063 $ 84,151 (1) As of September 30, 2016 and December 31, 2015, the Company had pledged property, plant and equipment with net book value of $ 26.6 34.1 (2) Depreciation charges were $ 3.3 3.4 10.4 11.0 (3) During the three and nine months ended September 30, 2016, nil and $ 1.1 (4) Interest costs capitalized for the three and nine months ended September 30, 2016 were $ 0.1 0.2

Intangible assets

Intangible assets	9 Months Ended
	Sep. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets Disclosure [Text Block]	11. Intangible assets September 30, 2016 December 31, 2015 Costs: Patent technology (1) $ 2,047 $ 4,605 Management software license 1,071 1,036 Total intangible assets 3,118 5,641 Less: Amortization (1) (2) (2,530) (2,848) Total intangible assets, net $ 588 $ 2,793 (1) In the nine months ended September 30, 2016, patent technology with a cost of $ 2.5 0.5 (2) Amortization expenses were $ 0.1 0.2 0.3 0.5

Deferred income tax assets

Deferred income tax assets	9 Months Ended
	Sep. 30, 2016
Income Tax Disclosure [Abstract]
Deferred Income Tax Assets Disclosure [Text Block]	12. Deferred income tax assets In accordance with the provisions of ASC Topic 740, “Income Taxes”, September 30, 2016 December 31, 2015 Losses carry forward (U.S.) (1) $ 7,377 $ 6,498 Losses carry forward (Non-US) (1) 2,906 2,901 Product warranties and other reserves 3,964 4,344 Property, plant and equipment 4,507 4,656 Share-based compensation 222 222 Bonus accrual 635 379 Other accruals 728 995 Deductible temporary difference related to revenue recognition 155 - Others 1,128 1,350 Total deferred tax assets 21,622 21,345 Less: taxable temporary difference related to revenue recognition - (105) Total deferred tax assets, net 21,622 21,240 Less: Valuation allowance (10,114) (9,379) Total deferred tax assets, net of valuation allowance (2) $ 11,508 $ 11,861 (1) The net operating losses carry forward for the U.S. entities for income tax purposes are available to reduce future years' taxable income. These losses will expire, if not utilized, in 20 5 10.1 7.6 2.5 (2) Approximately $ 4.9 4.9 6.6 7.0

Bank and government loans

Bank and government loans	9 Months Ended
	Sep. 30, 2016
Debt Disclosure [Abstract]
Short-term Debt [Text Block]	Bank and government loans September 30, 2016 December 31, 2015 Short-term bank loan (1) $ - $ 2,079 Short-term bank loan (2) (3) 35,000 35,000 Short-term government loan (4) 4,942 3,850 Bank and government loans $ 39,942 $ 40,929 (1) These loans are secured by property, plant and equipment of the Company and are repayable within one year (See Note 10). As of September 30, 2016 and December 31, 2015, the weighted average interest rate was 5.3 8.0 (2) On May 18, 2012, the Company entered into a credit facility agreement, the “Credit Agreement,” with ICBC Macau to obtain a non-revolving credit facility in the amount of $ 30.0 31.6 On May 22, 2012, the Company drew down the full amount of $ 30.0 31.6 207.1 32.6 0.1 0.1 LIBOR plus 0.7% per annum 1.5 (3) On July 16, 2014, Great Genesis entered into a credit facility agreement with HSBC HK to obtain a non-revolving credit facility in the amount of $ 5.0 1.7 5.4 On July 22, 2014, Great Genesis drew down a loan amounting to $ 5.0 5.4 33.0 5.4 On July 7, 2016, HSBC HK agreed to extend the maturity date of the HSBC Credit Facility to July 1, 2017. Hubei Henglong provided a Standby Letter of Credit in an amount of $ 5.1 36.0 5.4 1.6 (4) On March 31, 2015, the Company received a Chinese government loan of RMB 25.0 3.9 2.5 June 10, 2017 1.5 25.1 3.8 On April 1, 2016, the Company received an entrusted Chinese government loan of RMB 8.0 1.2 5.1

Accounts and notes payable

Accounts and notes payable	9 Months Ended
	Sep. 30, 2016
Accounts and Notes Payable Disclosure [Abstract]
Accounts and Notes Payable Disclosure [Text Block]	Accounts and notes payable September 30, 2016 December 31, 2015 Accounts payable - unrelated parties $ 128,097 $ 126,759 Notes payable - unrelated parties (1) 76,405 70,346 Accounts and notes payable - unrelated parties 204,502 197,105 Accounts payable - related parties 5,538 5,578 Notes payable-related parties - 785 Accounts and notes payable - related parties 5,538 6,363 Balance at end of period $ 210,040 $ 203,468 (1) Notes payable represent accounts payable in the form of bills of exchange whose acceptances are guaranteed and settlements are handled by banks. The Company has pledged cash deposits, short-term investments, notes receivable and certain property, plant and equipment to secure notes payable granted by banks.

Accrued expenses and other paya

Accrued expenses and other payables	9 Months Ended
	Sep. 30, 2016
Accrued Expenses and Other Payables Disclosure [Abstract]
Accrued Expenses and Other Payables Disclosure [Text Block]	15. Accrued expenses and other payables September 30, 2016 December 31, 2015 Accrued expenses $ 6,898 $ 6,186 Accrued interest 73 116 Other payables 1,542 1,517 Dividends payable to common shareholders (1) 505 505 Warranty reserves (2) 20,713 23,059 Total $ 29,731 $ 31,383 (1) On May 27, 2014, the Company announced the payment of a special cash dividend of $ 0.18 0.5 (2) The Company provides for the estimated cost of product warranties when the products are sold. Such estimates of product warranties are based on, among other things, historical experience, product changes, material expenses, services and transportation expenses arising from the manufactured products. Estimates will be adjusted on the basis of actual claims and circumstances. Three Months Ended September 30, 2016 2015 Balance at beginning of the period $ 21,238 $ 26,004 Additions during the period 1,693 2,360 Settlement within period, by cash or actual materials (2,378) (3,095) Foreign currency translation loss 160 (976) Balance at end of the period $ 20,713 $ 24,293 For the nine months ended September 30, 2016 and 2015, and for the year ended December 31, 2015, the warranties activities were as follows (figures are in thousands of USD): Nine Months Ended September 30, Year Ended 2016 2015 2015 Balance at beginning of the period $ 23,059 $ 25,011 $ 25,011 Additions during the period 5,433 6,779 9,758 Settlement within period, by cash or actual materials (8,434) (6,543) (10,179) Foreign currency translation loss 655 (954) (1,531) Balance at end of the period $ 20,713 $ 24,293 $ 23,059

Taxes payable

Taxes payable	9 Months Ended
	Sep. 30, 2016
Taxes Payables [Abstract]
Taxes Payable [Text Block]	16. Taxes payable The Company’s taxes payable as of September 30, 2016 and December 31, 2015 are summarized as follows (figures are in thousands of USD): September 30, 2016 December 31, 2015 Value-added tax payable $ 3,885 $ 7,016 Income tax payable 3,087 1,744 Other tax payable 261 524 Total $ 7,233 $ 9,284

Advances payable

Advances payable	9 Months Ended
	Sep. 30, 2016
Payables and Accruals [Abstract]
Advances Payable [Text Block]	Advances payable As of September 30, 2016 and December 31, 2015, advances payable by the Company were $ 0.9 1.9 The amounts are special subsidies made by the Chinese government to the Company to offset the costs and charges related to the improvement of production capacities and improvement of the quality of products. For the government subsidies with no further conditions to be met, the amounts are recorded as other income when received; for the amounts with certain operating conditions, the government subsidies are recorded as advances payable when received and will be recorded as a deduction of related expenses and cost of acquired assets when the conditions are met. The balances are unsecured, interest-free and will be repayable to the Chinese government if the usage of such advance does not continue to qualify for the subsidy.

Additional paid-in capital

Additional paid-in capital	9 Months Ended
	Sep. 30, 2016
Additional Paid in Capital [Abstract]
Additional Paid in Capital [Text Block]	18. Additional paid-in capital Nine Months Ended September 30, Year Ended 2016 2015 2015 Balance at beginning of the period $ 64,627 $ 64,522 $ 64,522 Share-based compensation (1) - - 105 Balance at end of the period $ 64,627 $ 64,522 $ 64,627 (1) On December 11, 2015, the Company granted 22,500 Issuance Date Expected volatility Risk-free rate Expected term (years) Dividend yield December 11, 2015 126.25 % 1.62 % 5 0.00 % The above stock options were vested and exercisable immediately. Their fair value on the grant date of December 11, 2015 0.1 0.1

Retained earnings

Retained earnings	9 Months Ended
	Sep. 30, 2016
Retained Earnings Note Disclosure [Abstract]
Retained Earnings Disclosure [Text Block]	Retained earnings Appropriated Pursuant to the relevant PRC laws and regulations, the profits distribution of the Company’s PRC subsidiaries, which are based on their PRC statutory financial statements, rather than the financial statement that was prepared in accordance with U.S. GAAP, are available for distribution in the form of cash dividends after these subsidiaries have paid all relevant PRC tax liabilities, provided for losses in previous years, and made appropriations to statutory surplus at 10 When the statutory surplus reserve reaches 50 10.0 4.2 35.0 8.1 67.5 2.6 6.0 3.8 30.0 39.0 9.5 60.0 Nine Months Ended September 30, Year Ended 2016 2015 2015 Balance at beginning of the period $ 10,379 $ 10,178 $ 10,178 Appropriation of retained earnings 142 171 201 Balance at end of the period $ 10,521 $ 10,349 $ 10,379 Unappropriated Nine Months Ended September 30, Year Ended 2016 2015 2015 Balance at beginning of the period $ 206,622 $ 179,435 $ 179,435 Net income attributable to parent company 16,755 20,456 27,388 Appropriation of retained earnings (142) (171) (201) Balance at end of the period $ 223,235 $ 199,720 $ 206,622

Accumulated other comprehensive

Accumulated other comprehensive income	9 Months Ended
	Sep. 30, 2016
Equity [Abstract]
Other Comprehensive Income, Noncontrolling Interest [Text Block]	20. Accumulated other comprehensive income Nine Months Ended September 30, Year Ended 2016 2015 2015 Balance at beginning of the period $ 18,412 $ 36,119 $ 36,119 Foreign currency translation adjustment attributable to parent company (8,128) (11,723) (17,707) Balance at end of the period $ 10,284 $ 24,396 $ 18,412

Treasury Stock

Treasury Stock	9 Months Ended
	Sep. 30, 2016
Equity [Abstract]
Treasury Stock [Text Block]	21. Treasury stock Treasury stock represents shares repurchased by the Company that are no longer outstanding and are held by the Company. Treasury stock is accounted for under the cost method. On December 18, 2015, the Board of Directors of the Company approved a share repurchase program under which the Company may repurchase up to $ 5.0

Non-controlling interests

Non-controlling interests	9 Months Ended
	Sep. 30, 2016
Noncontrolling Interest [Abstract]
Noncontrolling Interest Disclosure [Text Block]	22. Non-controlling interests Nine Months Ended September 30, Year Ended 2016 2015 2015 Balance at beginning of the period $ 8,252 $ 8,912 $ 8,912 Income/(loss) attributable to non-controlling interests 164 (56) 509 Dividends declared to the non-controlling interest holders of joint-venture companies (See Note 15) (464) (318) (317) Non-controlling interests change due to the disposal of Fujian Qiaolong (2,150) - - Foreign currency translation adjustment attributable to non-controlling interests (307) (593) (852) Balance at end of the period $ 5,495 $ 7,945 $ 8,252

Gain on other sales

Gain on other sales	9 Months Ended
	Sep. 30, 2016
Gain on other sales [Abstract]
Gain on other sales [Text Block]	23. Gain on other sales Gain on other sales mainly consisted of net amount retained from sales of materials, property, plant and equipment, and scraps. For the nine months ended September 30, 2016, gain on other sales amounted to $ 2.0 3.2 1.2

Financial income, net

Financial income, net	9 Months Ended
	Sep. 30, 2016
Financial Income Expenses Disclosure [Abstract]
Financial Income Expenses Disclosure [Text Block]	24. Financial income, net During the nine months ended September 30, 2016 and 2015, the Company recorded financial income, net which is summarized as follows (figures are in thousands of USD): Nine Months Ended September 30, 2016 2015 Interest income $ 1,777 $ 2,259 Foreign exchange (loss)/gain, net (30) 205 Gain of cash discount, net 3 41 Bank fees (480) (487) Total financial income, net $ 1,270 $ 2,018

Income tax rate

Income tax rate	9 Months Ended
	Sep. 30, 2016
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	25. Income tax rate The Company’s subsidiaries registered in the PRC are subject to national and local income taxes within the PRC at the applicable tax rate of 25 15 Pursuant to the New China Income Tax Law and the Implementing Rules, “New CIT”, which became effective as of January 1, 2008, dividends generated after January 1, 2008 and payable by a foreign-invested enterprise to its foreign investors will be subject to a 10 Genesis, the Company’s wholly-owned subsidiary and the direct holder of the equity interests in the Company’s subsidiaries in China, is incorporated in Hong Kong. According to the Mainland China and Hong Kong Taxation Arrangement, dividends paid by a foreign-invested enterprise in China to its direct holding company in Hong Kong will be subject to withholding tax at a rate of no more than 5 25 According to PRC tax regulation, the Company should withhold income taxes for the profits distributed from the PRC subsidiaries to Genesis, the subsidiaries’ holding company incorporated in Hong Kong. For the profits that the PRC subsidiaries intended to distribute to Genesis, the Company accrues the withholding income tax as deferred tax liabilities. As of September 30, 2016, the Company has recognized deferred tax liabilities of $ 0.2 4.2 240.6 228.7 12.0 11.4 In 2014, Jiulong was awarded the title of “High & New Technology Enterprise” and, based on the PRC income tax law, it is subject to enterprise income tax at a rate of 15 In 2014, Henglong was awarded the title of “High & New Technology Enterprise” and, based on the PRC income tax law, it is subject to enterprise income tax at a rate of 15 In 2009, Shenyang was awarded the title of “High & New Technology Enterprise” and, based on the PRC income tax law, it was subject to enterprise income tax at a rate of 15 15 15 In 2012, Wuhu was awarded the title of “High & New Technology Enterprise” and, based on the PRC income tax law, it was subject to enterprise income tax at a rate of 15 15 In 2013, Jielong was awarded the title of “High & New Technology Enterprise” and, based on the PRC income tax law, it was subject to enterprise income tax at a rate of 15 15 In 2011, Hubei Henglong was awarded the title of “High & New Technology Enterprise”. Based on the PRC income tax law, it was subject to enterprise income tax at a rate of 15 According to the New CIT, USAI and Testing Center are subject to income tax at a rate of 25 Chongqing Henglong was established in 2012. According to the New CIT, Chongqing Henglong is subject to income tax at a uniform rate of 25 Based on Brazilian income tax laws, Brazil Henglong is subject to income tax at a uniform rate of 15 10 0.12 0.24 The profits tax rate of Hong Kong is 16.5 The enterprise income tax rate of the United States is 35 The Company’s effective tax rate was 17.4 17.3 18.1 16.6

Income per share

Income per share	9 Months Ended
	Sep. 30, 2016
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	26. Income per share Basic income per share is calculated by dividing net income by the weighted average number of common shares outstanding during the period. Diluted income per share is calculated using the weighted average number of ordinary shares and dilutive ordinary share equivalents outstanding during the period. The dilutive effect of outstanding stock options is determined based on the treasury stock method. Three Months Ended September 30, 2016 2015 Numerator: Net income attributable to the parent company’s common shareholders – Basic and Diluted $ 5,682 $ 4,288 Denominator: Weighted average shares outstanding 31,911,360 32,121,019 Dilutive effects of stock options 362 13,820 Denominator for dilutive income per share – Diluted 31,911,722 32,134,839 Net income per share attributable to parent company’s common shareholders – Basic $ 0.18 $ 0.13 Net income per share attributable to parent company’s common shareholders – Diluted $ 0.18 $ 0.13 The calculation of basic and diluted income per share attributable to the parent company for the nine months ended September 30, 2016 and 2015, was (figures are in thousands of USD, except share and per share amounts): Nine Months Ended September 30, 2016 2015 Numerator: Net income attributable to the parent company’s common shareholders – Basic and Diluted $ 16,755 $ 20,456 Denominator: Weighted average shares outstanding 32,038,933 32,121,019 Dilutive effects of stock options 1,581 14,984 Denominator for dilutive income per share – Diluted 32,040,514 32,136,003 Net income per share attributable to parent company’s common shareholders – Basic $ 0.52 $ 0.64 Net income per share attributable to parent company’s common shareholders – Diluted $ 0.52 $ 0.64 As of September 30, 2016 and 2015, the exercise prices for 82,500 60,000

Significant concentrations

Significant concentrations	9 Months Ended
	Sep. 30, 2016
Risks and Uncertainties [Abstract]
Concentration Risk Disclosure [Text Block]	27. Significant concentrations A significant portion of the Company’s business is conducted in China where the currency is the RMB. Regulations in China permit foreign owned entities to freely convert the RMB into foreign currency for transactions that fall under the "current account," which includes trade related receipts and payments, interest and dividends. Accordingly, the Company’s Chinese subsidiaries may use RMB to purchase foreign exchange for settlement of such "current account" transactions without pre-approval. However, pursuant to applicable regulations, foreign-invested enterprises in China may pay dividends only out of their accumulated profits, if any, determined in accordance with the PRC law. In calculating accumulated profits, foreign investment enterprises in China are required to allocate at least 10 50 Transactions other than those that fall under the "current account" and that involve conversion of RMB into foreign currency are classified as "capital account" transactions; examples of "capital account" transactions include repatriations of investment by or loans to foreign owners, or direct equity investments in a foreign entity by a China domiciled entity. "Capital account" transactions require prior approval from China's State Administration of Foreign Exchange, or SAFE, or its provincial branch to convert a remittance into a foreign currency, such as USD, and transmit the foreign currency outside of China. This system could be changed at any time and any such change may affect the ability of the Company or its subsidiaries in China to repatriate capital or profits, if any, outside China. Furthermore, SAFE has a significant degree of administrative discretion in implementing the laws and has used this discretion to limit convertibility of current account payments out of China. Whether as a result of a deterioration in the Chinese balance of payments, a shift in the Chinese macroeconomic prospects or any number of other reasons, China could impose additional restrictions on capital remittances abroad. As a result of these and other restrictions under the laws and regulations of the PRC, the Company’s PRC subsidiaries are restricted in their ability to transfer a portion of their net assets to the parent. The Company has no assurance that the relevant Chinese governmental authorities in the future will not limit further or eliminate the ability of the Company’s PRC subsidiaries to purchase foreign currencies and transfer such funds to the Company to meet its liquidity or other business needs. Any inability to access funds in China, if and when needed for use by the Company outside of China, could have a material and adverse effect on the Company’s liquidity and its business. The Company grants credit to its customers including Xiamen Joylon, Xiamen Automotive Parts, Shanghai Fenglong and Jingzhou Yude, which are related parties of the Company. The Company’s customers are mostly located in the PRC. During the nine months ended September 30, 2016, the Company’s ten largest customers accounted for 62.7 10 12.9 3.8 During the nine months ended September 30, 2015, the Company’s ten largest customers accounted for 69.6 10 13.4 6.9 10

Related party transactions and

Related party transactions and balances	9 Months Ended
	Sep. 30, 2016
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	Related party transactions and balances Related sales Three Months Ended September 30, 2016 2015 Merchandise sold to related parties $ 9,950 $ 8,137 Rental income obtained from related parties 23 48 Materials and others sold to related parties 551 418 Total $ 10,524 $ 8,603 Nine Months Ended September 30, 2016 2015 Merchandise sold to related parties $ 28,589 $ 28,076 Rental income obtained from related parties 91 104 Materials and others sold to related parties 1,231 1,411 Total $ 29,911 $ 29,591 Related purchases Three Months Ended September 30, 2016 2015 Materials purchased from related parties $ 5,869 $ 5,721 Technology purchased from related parties 135 145 Equipment purchased from related parties 4,370 1,386 Others purchased from related parties 149 106 Total $ 10,523 $ 7,358 Nine Months Ended September 30, 2016 2015 Materials purchased from related parties $ 18,912 $ 18,359 Technology purchased from related parties 362 292 Equipment purchased from related parties 7,900 4,456 Others purchased from related parties 524 460 Total $ 27,698 $ 23,567 Related receivables September 30, 2016 December 31, 2015 Accounts and notes receivable from related parties $ 23,637 $ 21,918 Other receivables from related parties 73 14 Total $ 23,710 $ 21,932 Related advances September 30, 2016 December 31, 2015 Advance payments for property, plant and equipment to related parties $ 6,625 $ 8,863 Advance payments and others to related parties 845 544 Total $ 7,470 $ 9,407 Related payables September 30, 2016 December 31, 2015 Accounts and notes payable $ 5,538 $ 6,363 These transactions were consummated under similar terms as those with the Company's third party customers and suppliers. Hubei Wiselink pledged its land use rights and buildings with an assessed value of approximately $ 5.1 As of November 10, 2016, Hanlin Chen, the Company’s Chairman, owns 56.0

Commitments and contingencies

Commitments and contingencies	9 Months Ended
	Sep. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	29. Commitments and contingencies Legal proceedings The Company is not a party to any pending or, to the best of the Company’s knowledge, any threatened legal proceedings. In addition, no director, officer or affiliate of the Company, or owner of record of more than five percent of the securities of the Company, or any associate of any such director, officer or security holder is a party adverse to the Company or has a material interest adverse to the Company in reference to pending litigation. Other commitments and contingencies Payment obligations by period 2016 (1) 2017 2018 2019 Thereafter Total Obligations for investment contracts (1) (2) 1,497 $ 7,637 $ 5,391 $ - $ - $ 14,525 Obligations for purchasing and service agreements 9,373 4,786 5,610 - - 19,769 Total $ 10,870 $ 12,423 $ 11,001 $ - $ - $ 34,294 (1) On September 22, 2014, Hubei Henglong entered into an agreement with other parties to establish the Venture Fund, under which Hubei Henglong has committed to make investments of RMB 50.0 7.6 35.0 5.3 14.7 15.0 2.3 (2) In May 2016, Hubei Henglong entered into an agreement with other parties to establish a venture capital fund, the “Chongqing Venture Fund”. Hubei Henglong has committed to make investments of RMB 120.0 18.0 17.1 38.0 5.7

Off-balance sheet arrangements

Off-balance sheet arrangements	9 Months Ended
	Sep. 30, 2016
Off Balance Sheet Arrangements Disclosure [Abstract]
Off Balance Sheet Arrangements Disclosure [Text Block]	30. Off-balance sheet arrangements As of September 30, 2016 and December 31, 2015, the Company did not have any significant transactions, obligations or relationships that could be considered off-balance sheet arrangements.

Segment reporting

Segment reporting	9 Months Ended
	Sep. 30, 2016
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	31. Segment reporting The accounting policies of the product sectors are the same as those described in the summary of significant accounting policies except that the disaggregated financial results for the product sectors have been prepared using a management approach, which is consistent with the basis and manner in which management internally disaggregates financial information for the purposes of assisting them in making internal operating decisions. Generally, the Company evaluates performance based on stand-alone product sector operating income and accounts for inter segment sales and transfers as if the sales or transfers were to third parties, at current market prices. As of September 30, 2016, the Company had 11 product sectors, five of which were principal profit makers and were reported as separate sectors and engaged in the production and sales of power steering (Henglong, Jiulong, Shenyang, Wuhu and Hubei Henglong), and one holding company (Genesis). The other six sectors were engaged in the production and sale of sensor modular (USAI), automobile steering columns (Jielong), provision of after sales and R&D services (HLUSA), production and sale of power steering (Chongqing Henglong), trade (Brazil Henglong), and manufacture and sales of automobile electronic systems and parts (Wuhan Chuguanjie). Since the revenues, net income and net assets of these six sectors collectively are less than 10 As of September 30, 2015, the Company had 12 product sectors, five of which were principal profit makers and were reported as separate sectors and engaged in the production and sales of power steering (Henglong, Jiulong, Shenyang, Wuhu and Hubei Henglong), and one holding company (Genesis). The other seven sectors were engaged in the production and sale of sensor modular (USAI), automobile steering columns (Jielong), provision of after sales and R&D services (HLUSA), production and sale of power steering (Chongqing Henglong), trade (Brazil Henglong), commercial vehicle repacking and sales (Fujian Qiaolong), and manufacture and sales of automobile electronic systems and parts (Wuhan Chuguanjie). Since the revenues, net income and net assets of these seven sectors collectively are less than 10 Net Product Sales Net Income (Loss) Three Months Ended Three Months Ended September 30 September 30 2016 2015 2016 2015 Henglong $ 57,530 $ 53,932 $ 3,771 $ 2,866 Jiulong 17,787 16,183 1,083 154 Shenyang 8,239 7,516 457 609 Wuhu 5,088 3,925 21 (110) Hubei Henglong 13,912 13,818 735 1,737 Other Sectors 11,588 8,656 (269) (260) Total Segments 114,144 104,030 5,798 4,996 Corporate - - 808 (996) Eliminations (19,518) (13,185) (747) 381 Total $ 94,626 $ 90,845 $ 5,859 $ 4,381 Net Product Sales Net Income (Loss) Nine Months Ended Nine Months Ended September 30 September 30 2016 2015 2016 2015 Henglong $ 195,940 $ 206,061 $ 13,389 $ 15,768 Jiulong 54,976 53,251 2,219 75 Shenyang 24,898 24,056 995 1,418 Wuhu 15,897 16,096 96 (181) Hubei Henglong 42,815 44,463 2,286 5,594 Other Sectors 29,558 27,433 162 (1,021) Total Segments 364,084 371,360 19,147 21,653 Corporate - - (1,317) (1,538) Eliminations (51,587) (47,905) (911) 285 Total $ 312,497 $ 323,455 $ 16,919 $ 20,400

Basis of presentation and sig39

Basis of presentation and significant accounting policies (Policies)	9 Months Ended
	Sep. 30, 2016
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	(a) Basis of Presentation Basis of Presentation – The accompanying condensed unaudited consolidated financial statements include the accounts of the Company and its subsidiaries. The details of subsidiaries are disclosed in Note 1. Significant inter-company balances and transactions have been eliminated upon consolidation. The condensed unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”) for interim financial information and with the instructions in Article 10 of Regulation S-X. Accordingly they do not include all of the information and footnotes required by such accounting principles for complete financial statements. These financial statements should be read in conjunction with the consolidated financial statements and related footnotes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015. The accompanying interim condensed consolidated financial statements are unaudited, but in the opinion of the Company’s management, contain all necessary adjustments, which include normal recurring adjustments, for a fair statement of the results of operations, financial position and cash flows for the interim periods presented. The condensed consolidated balance sheet as of December 31, 2015 is derived from the Company’s audited financial statements at that date but does not include all of the information and footnotes required by U.S. GAAP for complete financial statements. Certain information and footnote disclosures normally included in financial statements that have been prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission, although the Company’s management believes that the disclosures contained in these financial statements are adequate to make the information presented herein not misleading. For further information, please refer to the financial statements and the notes thereto included in the Company’s 2015 Annual Report on Form 10-K, as filed with the Securities and Exchange Commission. The results of operations for the three months and nine months ended September 30, 2016 are not necessarily indicative of the results of operations to be expected for the full fiscal year ending December 31, 2016. Estimation - The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the dates of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. Foreign Currencies - China Automotive, the parent company, and HLUSA maintain their books and records in United States Dollars, “USD,” their functional currency. The Company’s subsidiaries based in the PRC and Genesis maintain their books and records in Renminbi, “RMB,” their functional currency. The Company’s subsidiary based in Brazil maintains its books and records in Brazilian reais, “BRL,” its functional currency. In accordance with ASC Topic 830, “FASB Accounting Standards Codification”, foreign currency transactions denominated in currencies other than the functional currency are remeasured into the functional currency at the rate of exchange prevailing at the balance sheet date for monetary items. Nonmonetary items are remeasured at historical rates. Income and expenses are remeasured at the rate in effect on the transaction dates. Transaction gains and losses, if any, are included in the determination of net income for the period.
New Accounting Pronouncements, Policy [Policy Text Block]	(b) Recent Accounting Pronouncements In May 2014, the FASB and the International Accounting Standards Board (IASB) jointly issued ASU No. 2014-9, Revenue from Contracts with Customers (Topic 606), which was further updated by ASU No. 2016-08 in March 2016, ASU No.2016-10 in April 2016 and ASU No.2016-11 in May 2016. The new guidance clarifies the principles for recognizing revenue and develops a common revenue standard for GAAP and International Financial Reporting Standards (IFRS). The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods and services. In July 2015, the FASB approved a deferral of the ASU effective date from annual and interim periods beginning after December 15, 2016 to annual and interim periods beginning after December 15, 2017. The Company is in the process of evaluating the impact of the ASU on its consolidated financial statements. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which eliminates the probable recognition threshold for credit impairments. The new guidance broadens the information that an entity must consider in developing its expected credit loss estimate for assets measured either collectively or individually to include forecasted information, as well as past events and current conditions. There is no specified method for measuring expected credit losses, and an entity is allowed to apply methods that reasonably reflect its expectations of the credit loss estimate. This ASU is effective for the Company on December 15, 2019. The Company is in the process of evaluating the impact of the ASU on its consolidated financial statements. In March 2016, the FASB issued ASU No. 2016-09, Compensation - Stock Compensation (Topic 718), Improvements to Employee Share-Based Payment Accounting. The ASU was issued as part of the FASB Simplification Initiative and involves several aspects of accounting for share-based payment transactions, including the income tax consequences and classification on the statement of cash flows. The guidance is effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Early adoption is permitted for any entity in any interim or annual period. If an entity early adopts the amendments in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. An entity that elects early adoption must adopt all of the amendments in the same period. The Company is in the process of evaluating the impact of the ASU on its consolidated financial statements. In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230), Classification of Certain Cash Receipts and Cash Payments. ASU 2016-15 refines how companies classify certain aspects of the cash flow statement in regards to debt prepayment, settlement of debt instruments, contingent consideration payments, proceeds from insurance claims and life insurance policies, distribution from equity method investees, beneficial interests in securitization transactions and separately identifiable cash flows. ASU 2016-15 is effective for fiscal years beginning after December 15, 2017, and interim periods within fiscal years beginning after December 15, 2018. Early adoption is permitted. The Company is currently evaluating the impact of ASU 2016-16 on its consolidated financial statements and related disclosures.
Significant Accounting Policies [Policy Text Block]	(c) Significant Accounting Policies There have been no updates to the significant accounting policies set forth in the notes to the consolidated financial statements for the year ended December 31, 2015.

Organization and business (Tabl

Organization and business (Tables)	9 Months Ended
	Sep. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Equity Method Investments [Table Text Block]	The Company owns the following aggregate net interests in the entities established in the People's Republic of China, the “PRC,” and Brazil as of September 30, 2016 and December 31, 2015. Percentage Interest Name of Entity September 30, December 31, Shashi Jiulong Power Steering Gears Co., Ltd., “Jiulong” 1 100.00 % 100.00 % Jingzhou Henglong Automotive Parts Co., Ltd., “Henglong” 2 100.00 % 100.00 % Shenyang Jinbei Henglong Automotive Steering System Co., Ltd., “Shenyang” 3 70.00 % 70.00 % Universal Sensor Application Inc., “USAI” 4 83.34 % 83.34 % Wuhan Jielong Electric Power Steering Co., Ltd., “Jielong” 5 85.00 % 85.00 % Wuhu HengLong Automotive Steering System Co., Ltd., “Wuhu” 6 77.33 % 77.33 % Hubei Henglong Automotive System Group Co., Ltd, “Hubei Henglong” 7 100.00 % 100.00 % Jingzhou Henglong Automotive Technology (Testing) Center, “Testing Center” 8 100.00 % 100.00 % Beijing Henglong Automotive System Co., Ltd., “Beijing Henglong” 9 50.00 % 50.00 % Chongqing Henglong Hongyan Automotive System Co., Ltd., “Chongqing Henglong” 10 70.00 % 70.00 % CAAS Brazil’s Imports And Trade In Automotive Parts Ltd., “Brazil Henglong” 11 80.00 % 80.00 % Fujian Qiaolong Special Purpose Vehicle Co., Ltd., “Fujian Qiaolong” 12 0.00 % 51.00 % Wuhan Chuguanjie Automotive Science and Technology Ltd., “Wuhan Chuguanjie” 13 85.00 % 85.00 % Hubei Henglong Group Shanghai Automotive Electronics Research and Development Ltd., “Shanghai Henglong” 14 100.00 % 100.00 % 1. Jiulong was established in 1993 and mainly engages in the production of integral power steering gears for heavy-duty vehicles. 2. Henglong was established in 1997 and mainly engages in the production of rack and pinion power steering gears for cars and light duty vehicles. 3. Shenyang was established in 2002 and focuses on power steering parts for light duty vehicles. 4. USAI was established in 2005 and mainly engages in the production and sales of sensor modules. 5. Jielong was established in 2006 and mainly engages in the production and sales of automotive steering columns. 6. Wuhu was established in 2006 and mainly engages in the production and sales of automobile steering systems. 7. On March 7, 2007, Genesis established Hubei Henglong, formerly known as Jingzhou Hengsheng Automotive System Co., Ltd., its wholly-owned subsidiary, to engage in the production and sales of automotive steering systems. On July 8, 2012, Hubei Henglong changed its name to Hubei Henglong Automotive System Group Co., Ltd. 8. In December 2009, Henglong, a subsidiary of Genesis, formed the Testing Center, which mainly engages in the research and development of new products. 9. Beijing Henglong was established in 2010 and mainly engages in the design, development and manufacture of both hydraulic and electric power steering systems and parts. According to the joint venture agreement, the Company does not have voting control of Beijing Henglong. Therefore, the Company’s consolidated financial statements do not include Beijing Henglong, and such investment is accounted for using the equity accounting method. 10. On February 21, 2012, Hubei Henglong and SAIC-IVECO Hongyan Company, “SAIC-IVECO,” established a Sino-foreign joint venture company, Chongqing Henglong, to design, develop and manufacture both hydraulic and electric power steering systems and parts. 11. On August 21, 2012, Brazil Henglong was established as a Sino-foreign joint venture company by Hubei Henglong and two Brazilian citizens, Ozias Gaia Da Silva and Ademir Dal’ Evedove. Brazil Henglong engages mainly in the import and sales of automotive parts in Brazil. 12. In the second quarter of 2014, the Company acquired a 51.0 51 20.0 3.0 0.7 13. In May 2014, together with Hubei Wanlong, Jielong formed a subsidiary, Wuhan Chuguanjie Automotive Science and Technology Ltd., “Wuhan Chuguanjie”, which mainly engages in research and development, manufacture and sales of automobile electronic systems and parts. Wuhan Chuguanjie is located in Wuhan, China. 14. In January 2015, Hubei Henglong formed Hubei Henglong Group Shanghai Automotive Electronics Research and Development Ltd., “Shanghai Henglong”, which mainly engages in the design and sales of automotive electronics.

Short-term investments (Tables)

Short-term investments (Tables)	9 Months Ended
	Sep. 30, 2016
Short Term Investments Disclosure [Abstract]
Cash, Cash Equivalents and Investments [Table Text Block]	The Company’s short-term investments as of September 30, 2016 and December 31, 2015 are summarized as follows (figures are in thousands of USD): September 30, 2016 December 31, 2015 Time deposits $ 35,279 $ 21,209 Wealth management financial products measured at fair value 4,058 - Total $ 39,337 $ 21,209

Accounts and notes receivable42

Accounts and notes receivable, net (Tables)	9 Months Ended
	Sep. 30, 2016
Accounts and Notes Receivable Disclosure [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	The Company’s accounts and notes receivable as of September 30, 2016 and December 31, 2015 are summarized as follows (figures are in thousands of USD): September 30, 2016 December 31, 2015 Accounts receivable - unrelated parties (1) $ 115,555 $ 141,828 Notes receivable - unrelated parties (2) (3) 141,306 113,777 Total accounts and notes receivable- unrelated parties 256,861 255,605 Less: allowance for doubtful accounts - unrelated parties (1,067) (1,208) Accounts and notes receivable, net - unrelated parties 255,794 254,397 Accounts and notes receivable, net - related parties 23,637 21,918 Accounts and notes receivable, net $ 279,431 $ 276,315 (1) As of September 30, 2016 and December 31, 2015, the Company has pledged nil and $ 32.3 (2) Notes receivable represent accounts receivable in the form of bills of exchange for which acceptances are guaranteed and settlements are handled by banks. (3) As of September 30, 2016, the Company collateralized its notes receivable in an amount of RMB 252.2 37.8 227.1 34.0 30.0 25.1 3.8 As of December 31, 2015, Henglong collateralized its notes receivable in an amount of RMB 232.9 35.8 207.4 31.9 30.0 25.5 3.9

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2016
Inventory Disclosure [Abstract]
Schedule of Inventory, Current [Table Text Block]	The Company’s inventories as of September 30, 2016 and December 31, 2015 consisted of the following (figures are in thousands of USD): September 30, 2016 December 31, 2015 Raw materials $ 15,136 $ 15,653 Work in process 12,967 14,222 Finished goods 46,381 35,695 Total $ 74,484 $ 65,570

Other receivables, net (Tables)

Other receivables, net (Tables)	9 Months Ended
	Sep. 30, 2016
Other Receivables Disclosure [Abstract]
Schedule Of Other Receivables [Table Text Block]	The Company’s other receivables as of September 30, 2016 and December 31, 2015 are summarized as follows (figures are in thousands of USD): September 30, 2016 December 31, 2015 Other receivables - unrelated parties (1) $ 576 $ 1,770 Other receivables - employee housing loans (2) 1,768 2,175 Less: allowance for doubtful accounts - unrelated parties (61) (63) Other receivables, net - unrelated parties $ 2,283 $ 3,882 September 30, 2016 December 31, 2015 Other receivables - related parties (1) $ 646 $ 621 Less: allowance for doubtful accounts - related parties (573) (607) Other receivables, net - related parties $ 73 $ 14 (1) Other receivables consist of amounts advanced to both related and unrelated parties, primarily as unsecured demand loans. These receivables originate as part of the Company's normal operating activities and are periodically settled in cash. (2) On May 28, 2014, the board of directors of the Company approved a loan program under which the Company will lend an aggregate of up to RMB 50.0 7.5 3.8

Property, plant and equipment45

Property, plant and equipment, net (Tables)	9 Months Ended
	Sep. 30, 2016
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	September 30, 2016 December 31, 2015 Land use rights and buildings $ 49,559 $ 51,384 Machinery and equipment 129,208 120,706 Electronic equipment 7,442 7,527 Motor vehicles 4,504 4,526 Construction in progress 20,502 11,225 Total amount of property, plant and equipment 211,215 195,368 Less: Accumulated depreciation (1) (117,152) (111,217) Total amount of property, plant and equipment, net (2) (3) $ 94,063 $ 84,151 (1) As of September 30, 2016 and December 31, 2015, the Company had pledged property, plant and equipment with net book value of $ 26.6 34.1 (2) Depreciation charges were $ 3.3 3.4 10.4 11.0 (3) During the three and nine months ended September 30, 2016, nil and $ 1.1 (4) Interest costs capitalized for the three and nine months ended September 30, 2016 were $ 0.1 0.2

Intangible assets (Tables)

Intangible assets (Tables)	9 Months Ended
	Sep. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Impaired Intangible Assets [Table Text Block]	The Company’s intangible assets as of September 30, 2016 and December 31, 2015 are summarized as follows (figures are in thousands of USD): September 30, 2016 December 31, 2015 Costs: Patent technology (1) $ 2,047 $ 4,605 Management software license 1,071 1,036 Total intangible assets 3,118 5,641 Less: Amortization (1) (2) (2,530) (2,848) Total intangible assets, net $ 588 $ 2,793 (1) In the nine months ended September 30, 2016, patent technology with a cost of $ 2.5 0.5 (2) Amortization expenses were $ 0.1 0.2 0.3 0.5

Deferred income tax assets (Tab

Deferred income tax assets (Tables)	9 Months Ended
	Sep. 30, 2016
Income Tax Disclosure [Abstract]
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	The components of estimated deferred income tax assets as of September 30, 2016 and December 31, 2015 are as follows (figures are in thousands of USD): September 30, 2016 December 31, 2015 Losses carry forward (U.S.) (1) $ 7,377 $ 6,498 Losses carry forward (Non-US) (1) 2,906 2,901 Product warranties and other reserves 3,964 4,344 Property, plant and equipment 4,507 4,656 Share-based compensation 222 222 Bonus accrual 635 379 Other accruals 728 995 Deductible temporary difference related to revenue recognition 155 - Others 1,128 1,350 Total deferred tax assets 21,622 21,345 Less: taxable temporary difference related to revenue recognition - (105) Total deferred tax assets, net 21,622 21,240 Less: Valuation allowance (10,114) (9,379) Total deferred tax assets, net of valuation allowance (2) $ 11,508 $ 11,861 (1) The net operating losses carry forward for the U.S. entities for income tax purposes are available to reduce future years' taxable income. These losses will expire, if not utilized, in 20 5 10.1 7.6 2.5 (2) Approximately $ 4.9 4.9 6.6 7.0

Bank and government loans (Tabl

Bank and government loans (Tables)	9 Months Ended
	Sep. 30, 2016
Debt Disclosure [Abstract]
Schedule of Debt [Table Text Block]	Loans consist of the following as of September 30, 2016 and December 31, 2015 (figures are in thousands of USD): September 30, 2016 December 31, 2015 Short-term bank loan (1) $ - $ 2,079 Short-term bank loan (2) (3) 35,000 35,000 Short-term government loan (4) 4,942 3,850 Bank and government loans $ 39,942 $ 40,929 (1) These loans are secured by property, plant and equipment of the Company and are repayable within one year (See Note 10). As of September 30, 2016 and December 31, 2015, the weighted average interest rate was 5.3 8.0 (2) On May 18, 2012, the Company entered into a credit facility agreement, the “Credit Agreement,” with ICBC Macau to obtain a non-revolving credit facility in the amount of $ 30.0 31.6 On May 22, 2012, the Company drew down the full amount of $ 30.0 31.6 207.1 32.6 0.1 0.1 LIBOR plus 0.7% per annum 1.5 (3) On July 16, 2014, Great Genesis entered into a credit facility agreement with HSBC HK to obtain a non-revolving credit facility in the amount of $ 5.0 1.7 5.4 On July 22, 2014, Great Genesis drew down a loan amounting to $ 5.0 5.4 33.0 5.4 On July 7, 2016, HSBC HK agreed to extend the maturity date of the HSBC Credit Facility to July 1, 2017. Hubei Henglong provided a Standby Letter of Credit in an amount of $ 5.1 36.0 5.4 1.6 (4) On March 31, 2015, the Company received a Chinese government loan of RMB 25.0 3.9 2.5 June 10, 2017 1.5 25.1 3.8 On April 1, 2016, the Company received an entrusted Chinese government loan of RMB 8.0 1.2 5.1

Accounts and notes payable (Tab

Accounts and notes payable (Tables)	9 Months Ended
	Sep. 30, 2016
Accounts and Notes Payable Disclosure [Abstract]
Schedule Of Accounts and Notes Payable [Table Text Block]	September 30, 2016 December 31, 2015 Accounts payable - unrelated parties $ 128,097 $ 126,759 Notes payable - unrelated parties (1) 76,405 70,346 Accounts and notes payable - unrelated parties 204,502 197,105 Accounts payable - related parties 5,538 5,578 Notes payable-related parties - 785 Accounts and notes payable - related parties 5,538 6,363 Balance at end of period $ 210,040 $ 203,468 (1) Notes payable represent accounts payable in the form of bills of exchange whose acceptances are guaranteed and settlements are handled by banks. The Company has pledged cash deposits, short-term investments, notes receivable and certain property, plant and equipment to secure notes payable granted by banks.

Accrued expenses and other pa50

Accrued expenses and other payables (Tables)	9 Months Ended
	Sep. 30, 2016
Payables and Accruals [Abstract]
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]	The Company’s accrued expenses and other payables as of September 30, 2016 and December 31, 2015 are summarized as follows (figures are in thousands of USD): September 30, 2016 December 31, 2015 Accrued expenses $ 6,898 $ 6,186 Accrued interest 73 116 Other payables 1,542 1,517 Dividends payable to common shareholders (1) 505 505 Warranty reserves (2) 20,713 23,059 Total $ 29,731 $ 31,383 (1) On May 27, 2014, the Company announced the payment of a special cash dividend of $ 0.18 0.5 (2) The Company provides for the estimated cost of product warranties when the products are sold. Such estimates of product warranties are based on, among other things, historical experience, product changes, material expenses, services and transportation expenses arising from the manufactured products. Estimates will be adjusted on the basis of actual claims and circumstances.
Schedule of Product Warranty Liability [Table Text Block]	For the three months ended September 30, 2016 and 2015, the warranties activities were as follows (figures are in thousands of USD): Three Months Ended September 30, 2016 2015 Balance at beginning of the period $ 21,238 $ 26,004 Additions during the period 1,693 2,360 Settlement within period, by cash or actual materials (2,378) (3,095) Foreign currency translation loss 160 (976) Balance at end of the period $ 20,713 $ 24,293 For the nine months ended September 30, 2016 and 2015, and for the year ended December 31, 2015, the warranties activities were as follows (figures are in thousands of USD): Nine Months Ended September 30, Year Ended 2016 2015 2015 Balance at beginning of the period $ 23,059 $ 25,011 $ 25,011 Additions during the period 5,433 6,779 9,758 Settlement within period, by cash or actual materials (8,434) (6,543) (10,179) Foreign currency translation loss 655 (954) (1,531) Balance at end of the period $ 20,713 $ 24,293 $ 23,059

Taxes payable (Tables)

Taxes payable (Tables)	9 Months Ended
	Sep. 30, 2016
Taxes Payables [Abstract]
Schedule Of Income Taxes Payable [Table Text Block]	The Company’s taxes payable as of September 30, 2016 and December 31, 2015 are summarized as follows (figures are in thousands of USD): September 30, 2016 December 31, 2015 Value-added tax payable $ 3,885 $ 7,016 Income tax payable 3,087 1,744 Other tax payable 261 524 Total $ 7,233 $ 9,284

Additional paid-in capital (Tab

Additional paid-in capital (Tables)	9 Months Ended
	Sep. 30, 2016
Additional Paid in Capital [Abstract]
Schedule Of Additional Paid In Capital [Table Text Block]	Nine Months Ended September 30, Year Ended 2016 2015 2015 Balance at beginning of the period $ 64,627 $ 64,522 $ 64,522 Share-based compensation (1) - - 105 Balance at end of the period $ 64,627 $ 64,522 $ 64,627 (1) On December 11, 2015, the Company granted 22,500
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	Assumptions used to estimate the fair value of the stock options on the grant dates are as follows: Issuance Date Expected volatility Risk-free rate Expected term (years) Dividend yield December 11, 2015 126.25 % 1.62 % 5 0.00 %

Retained earnings (Tables)

Retained earnings (Tables)	9 Months Ended
	Sep. 30, 2016
Retained Earnings Disclosure [Abstract]
Schedule of Appropriated Retained Earnings [Table Text Block]	The Company’s activities in respect of the amounts of appropriated retained earnings for the nine months ended September 30, 2016 and 2015, and the year ended December 31, 2015 are summarized as follows (figures are in thousands of USD): Nine Months Ended September 30, Year Ended 2016 2015 2015 Balance at beginning of the period $ 10,379 $ 10,178 $ 10,178 Appropriation of retained earnings 142 171 201 Balance at end of the period $ 10,521 $ 10,349 $ 10,379
Schedule of Unappropriated Retained Earnings [Table Text Block]	The Company’s activities in respect of the amounts of the unappropriated retained earnings for the nine months ended September 30, 2016 and 2015, and the year ended December 31, 2015 are summarized as follows (figures are in thousands of USD): Nine Months Ended September 30, Year Ended 2016 2015 2015 Balance at beginning of the period $ 206,622 $ 179,435 $ 179,435 Net income attributable to parent company 16,755 20,456 27,388 Appropriation of retained earnings (142) (171) (201) Balance at end of the period $ 223,235 $ 199,720 $ 206,622

Accumulated other comprehensi54

Accumulated other comprehensive income (Tables)	9 Months Ended
	Sep. 30, 2016
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	The Company’s activities in respect of the amounts of the accumulated other comprehensive income for the nine months ended September 30, 2016 and 2015, and the year ended December 31, 2015 are summarized as follows (figures are in thousands of USD): Nine Months Ended September 30, Year Ended 2016 2015 2015 Balance at beginning of the period $ 18,412 $ 36,119 $ 36,119 Foreign currency translation adjustment attributable to parent company (8,128) (11,723) (17,707) Balance at end of the period $ 10,284 $ 24,396 $ 18,412

Non-controlling interests (Tabl

Non-controlling interests (Tables)	9 Months Ended
	Sep. 30, 2016
Noncontrolling Interest [Abstract]
Schedule Of Non Controlling Interests Disclosure [Table Text Block]	The Company’s activities in respect of the amounts of the non-controlling interests’ equity for the nine months ended September 30, 2016 and 2015, and the year ended December 31, 2015 are summarized as follows (figures are in thousands of USD): Nine Months Ended September 30, Year Ended 2016 2015 2015 Balance at beginning of the period $ 8,252 $ 8,912 $ 8,912 Income/(loss) attributable to non-controlling interests 164 (56) 509 Dividends declared to the non-controlling interest holders of joint-venture companies (See Note 15) (464) (318) (317) Non-controlling interests change due to the disposal of Fujian Qiaolong (2,150) - - Foreign currency translation adjustment attributable to non-controlling interests (307) (593) (852) Balance at end of the period $ 5,495 $ 7,945 $ 8,252

Financial income, net (Tables)

Financial income, net (Tables)	9 Months Ended
	Sep. 30, 2016
Financial Income Expenses Disclosure [Abstract]
Schedule Of Financial Expenses [Table Text Block]	During the nine months ended September 30, 2016 and 2015, the Company recorded financial income, net which is summarized as follows (figures are in thousands of USD): Nine Months Ended September 30, 2016 2015 Interest income $ 1,777 $ 2,259 Foreign exchange (loss)/gain, net (30) 205 Gain of cash discount, net 3 41 Bank fees (480) (487) Total financial income, net $ 1,270 $ 2,018

Income per share (Tables)

Income per share (Tables)	9 Months Ended
	Sep. 30, 2016
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	The calculation of basic and diluted income per share attributable to the parent company for the three months ended September 30, 2016 and 2015, was (figures are in thousands of USD, except share and per share amounts): Three Months Ended September 30, 2016 2015 Numerator: Net income attributable to the parent company’s common shareholders – Basic and Diluted $ 5,682 $ 4,288 Denominator: Weighted average shares outstanding 31,911,360 32,121,019 Dilutive effects of stock options 362 13,820 Denominator for dilutive income per share – Diluted 31,911,722 32,134,839 Net income per share attributable to parent company’s common shareholders – Basic $ 0.18 $ 0.13 Net income per share attributable to parent company’s common shareholders – Diluted $ 0.18 $ 0.13 The calculation of basic and diluted income per share attributable to the parent company for the nine months ended September 30, 2016 and 2015, was (figures are in thousands of USD, except share and per share amounts): Nine Months Ended September 30, 2016 2015 Numerator: Net income attributable to the parent company’s common shareholders – Basic and Diluted $ 16,755 $ 20,456 Denominator: Weighted average shares outstanding 32,038,933 32,121,019 Dilutive effects of stock options 1,581 14,984 Denominator for dilutive income per share – Diluted 32,040,514 32,136,003 Net income per share attributable to parent company’s common shareholders – Basic $ 0.52 $ 0.64 Net income per share attributable to parent company’s common shareholders – Diluted $ 0.52 $ 0.64

Related party transactions an58

Related party transactions and balances (Tables)	9 Months Ended
	Sep. 30, 2016
Related Party Transactions [Abstract]
Schedule Of Related Party Transactions [Table Text Block]	Related sales Three Months Ended September 30, 2016 2015 Merchandise sold to related parties $ 9,950 $ 8,137 Rental income obtained from related parties 23 48 Materials and others sold to related parties 551 418 Total $ 10,524 $ 8,603 Nine Months Ended September 30, 2016 2015 Merchandise sold to related parties $ 28,589 $ 28,076 Rental income obtained from related parties 91 104 Materials and others sold to related parties 1,231 1,411 Total $ 29,911 $ 29,591 Related purchases Three Months Ended September 30, 2016 2015 Materials purchased from related parties $ 5,869 $ 5,721 Technology purchased from related parties 135 145 Equipment purchased from related parties 4,370 1,386 Others purchased from related parties 149 106 Total $ 10,523 $ 7,358 Nine Months Ended September 30, 2016 2015 Materials purchased from related parties $ 18,912 $ 18,359 Technology purchased from related parties 362 292 Equipment purchased from related parties 7,900 4,456 Others purchased from related parties 524 460 Total $ 27,698 $ 23,567 Related receivables September 30, 2016 December 31, 2015 Accounts and notes receivable from related parties $ 23,637 $ 21,918 Other receivables from related parties 73 14 Total $ 23,710 $ 21,932 Related advances September 30, 2016 December 31, 2015 Advance payments for property, plant and equipment to related parties $ 6,625 $ 8,863 Advance payments and others to related parties 845 544 Total $ 7,470 $ 9,407 Related payables September 30, 2016 December 31, 2015 Accounts and notes payable $ 5,538 $ 6,363

Commitments and contingencies (

Commitments and contingencies (Tables)	9 Months Ended
	Sep. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Contractual Obligation, Fiscal Year Maturity Schedule [Table Text Block]	In addition to the bank loans, notes payables and the related interest, the following table summarizes the Company’s major commitments and contingencies as of September 30, 2016 (figures are in thousands of USD): Payment obligations by period 2016 (1) 2017 2018 2019 Thereafter Total Obligations for investment contracts (1) (2) 1,497 $ 7,637 $ 5,391 $ - $ - $ 14,525 Obligations for purchasing and service agreements 9,373 4,786 5,610 - - 19,769 Total $ 10,870 $ 12,423 $ 11,001 $ - $ - $ 34,294 (1) On September 22, 2014, Hubei Henglong entered into an agreement with other parties to establish the Venture Fund, under which Hubei Henglong has committed to make investments of RMB 50.0 7.6 35.0 5.3 14.7 15.0 2.3 (2) In May 2016, Hubei Henglong entered into an agreement with other parties to establish a venture capital fund, the “Chongqing Venture Fund”. Hubei Henglong has committed to make investments of RMB 120.0 18.0 17.1 38.0 5.7

Segment reporting (Tables)

Segment reporting (Tables)	9 Months Ended
	Sep. 30, 2016
Segment Reporting [Abstract]
Schedule of Revenue by Major Customers by Reporting Segments [Table Text Block]	Net Product Sales Net Income (Loss) Three Months Ended Three Months Ended September 30 September 30 2016 2015 2016 2015 Henglong $ 57,530 $ 53,932 $ 3,771 $ 2,866 Jiulong 17,787 16,183 1,083 154 Shenyang 8,239 7,516 457 609 Wuhu 5,088 3,925 21 (110) Hubei Henglong 13,912 13,818 735 1,737 Other Sectors 11,588 8,656 (269) (260) Total Segments 114,144 104,030 5,798 4,996 Corporate - - 808 (996) Eliminations (19,518) (13,185) (747) 381 Total $ 94,626 $ 90,845 $ 5,859 $ 4,381 Net Product Sales Net Income (Loss) Nine Months Ended Nine Months Ended September 30 September 30 2016 2015 2016 2015 Henglong $ 195,940 $ 206,061 $ 13,389 $ 15,768 Jiulong 54,976 53,251 2,219 75 Shenyang 24,898 24,056 995 1,418 Wuhu 15,897 16,096 96 (181) Hubei Henglong 42,815 44,463 2,286 5,594 Other Sectors 29,558 27,433 162 (1,021) Total Segments 364,084 371,360 19,147 21,653 Corporate - - (1,317) (1,538) Eliminations (51,587) (47,905) (911) 285 Total $ 312,497 $ 323,455 $ 16,919 $ 20,400

Organization and business (Deta

Organization and business (Details)		Sep. 30, 2016	Dec. 31, 2015
Jingzhou Henglong Automotive Parts Co Ltd [Member]
Organization And Principal Activities [Line Items]
Percentage Interest	[1]	100.00%	100.00%
Shashi Jiulong Power Steering Gears Co Ltd [Member]
Organization And Principal Activities [Line Items]
Percentage Interest	[2]	100.00%	100.00%
Shenyang Jinbei Henglong Automotive Steering System Co Ltd [Member]
Organization And Principal Activities [Line Items]
Percentage Interest	[3]	70.00%	70.00%
Universal Sensor Application Inc [Member]
Organization And Principal Activities [Line Items]
Percentage Interest	[4]	83.34%	83.34%
Wuhu Henglong Automative Steering System Co Ltd [Member]
Organization And Principal Activities [Line Items]
Percentage Interest	[5]	77.33%	77.33%
Wuhan Jielong Electric Power Steering Co Ltd [Member]
Organization And Principal Activities [Line Items]
Percentage Interest	[6]	85.00%	85.00%
Hubei Henglong Automotive System Group Co Ltd [Member]
Organization And Principal Activities [Line Items]
Percentage Interest	[7]	100.00%	100.00%
Jingzhou Henglong Automotive Technology (Testing) Center [Member]
Organization And Principal Activities [Line Items]
Percentage Interest	[8]	100.00%	100.00%
Beijing Henglong Automotive Steering System Co., Ltd [Member]
Organization And Principal Activities [Line Items]
Percentage Interest	[9]	50.00%	50.00%
Chongqing Henglong Hongyan Automotive System Co., Ltd [Member]
Organization And Principal Activities [Line Items]
Percentage Interest	[10]	70.00%	70.00%
CAAS Brazil's Imports and Trade In Automotive Parts Ltd [Member]
Organization And Principal Activities [Line Items]
Percentage Interest	[11]	80.00%	80.00%
Fujian Qiaolong Special Purpose Vehicle Co., Ltd [Member]
Organization And Principal Activities [Line Items]
Percentage Interest	[12]	0.00%	51.00%
Wuhan Chuguanjie Automotive Science and Technology Ltd [Member]
Organization And Principal Activities [Line Items]
Percentage Interest	[13]	85.00%	85.00%
Hubei Henglong Group Shanghai Automotive Electronics Research and Development Ltd [Member]
Organization And Principal Activities [Line Items]
Percentage Interest	[14]	100.00%	100.00%
[1]	Henglong was established in 1997 and mainly engages in the production of rack and pinion power steering gears for cars and light duty vehicles.
[2]	Jiulong was established in 1993 and mainly engages in the production of integral power steering gears for heavy-duty vehicles.
[3]	Shenyang was established in 2002 and focuses on power steering parts for light duty vehicles.
[4]	USAI was established in 2005 and mainly engages in the production and sales of sensor modules.
[5]	Wuhu was established in 2006 and mainly engages in the production and sales of automobile steering systems.
[6]	Jielong was established in 2006 and mainly engages in the production and sales of automotive steering columns.
[7]	On March 7, 2007, Genesis established Hubei Henglong, formerly known as Jingzhou Hengsheng Automotive System Co., Ltd., its wholly-owned subsidiary, to engage in the production and sales of automotive steering systems. On July 8, 2012, Hubei Henglong changed its name to Hubei Henglong Automotive System Group Co., Ltd.
[8]	In December 2009, Henglong, a subsidiary of Genesis, formed the Testing Center, which mainly engages in the research and development of new products.
[9]	Beijing Henglong was established in 2010 and mainly engages in the design, development and manufacture of both hydraulic and electric power steering systems and parts. According to the joint venture agreement, the Company does not have voting control of Beijing Henglong. Therefore, the Company’s consolidated financial statements do not include Beijing Henglong, and such investment is accounted for using the equity accounting method.
[10]	On February 21, 2012, Hubei Henglong and SAIC-IVECO Hongyan Company, “SAIC-IVECO,” established a Sino-foreign joint venture company, Chongqing Henglong, to design, develop and manufacture both hydraulic and electric power steering systems and parts.
[11]	On August 21, 2012, Brazil Henglong was established as a Sino-foreign joint venture company by Hubei Henglong and two Brazilian citizens, Ozias Gaia Da Silva and Ademir Dal’ Evedove. Brazil Henglong engages mainly in the import and sales of automotive parts in Brazil.
[12]	In the second quarter of 2014, the Company acquired a 51.0% ownership interest in Fujian Qiaolong Special Purpose Vehicle Co., Ltd., “Fujian Qiaolong”, a special purpose vehicle manufacturer and dealer with automobile repacking qualifications, based in Fujian, China. Fujian Qiaolong mainly manufactures and distributes drainage and rescue vehicles with mass flow, drainage vehicles with vertical downhole operation, crawler-type mobile pump stations, high-altitude water supply and discharge drainage vehicles, long-range control crawler-type mobile pump stations and other vehicles. On April 17, 2016, Hubei Henglong entered into a share purchase agreement, the “Share Purchase Agreement”, with Longyan Huanyu Emergency Equipment Technology Co., Ltd., “Longyan Huanyu”. Pursuant to the Share Purchase Agreement, Hubei Henglong transferred its 51% equity interests in Fujian Qiaolong to Longyan Huanyu for total consideration of RMB 20.0 million, equivalent to $3.0 million in the second quarter of 2016. The Company recognized a gain on disposal of Fujian Qiaolong of $0.7 million, which is included in other income in the consolidated statements of operations and comprehensive income for the nine months ended September 30, 2016.
[13]	In May 2014, together with Hubei Wanlong, Jielong formed a subsidiary, Wuhan Chuguanjie Automotive Science and Technology Ltd., “Wuhan Chuguanjie”, which mainly engages in research and development, manufacture and sales of automobile electronic systems and parts. Wuhan Chuguanjie is located in Wuhan, China.
[14]	In January 2015, Hubei Henglong formed Hubei Henglong Group Shanghai Automotive Electronics Research and Development Ltd., “Shanghai Henglong”, which mainly engages in the design and sales of automotive electronics.

Organization and business (De62

Organization and business (Details Textual) $ in Thousands, ¥ in Millions	6 Months Ended				9 Months Ended
	Jun. 30, 2016USD ($)		Jun. 30, 2016CNY (¥)		Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)	Jun. 30, 2014
Organization And Principal Activities [Line Items]
Gain (Loss) on Disposition of Business					$ 698	$ 0
Fujian Qiaolong Acquisition [Member]
Organization And Principal Activities [Line Items]
Equity Method Investment, Ownership Percentage	51.00%	[1]	51.00%	[1]			51.00%
Proceeds from Divestiture of Businesses	$ 3,000		¥ 20
Gain (Loss) on Disposition of Business					$ 700
[1]	On April 17, 2016, Hubei Henglong entered into a share purchase agreement (“Share Purchase Agreement”) with Longyan Huanyu Emergency Equipment Technology Co., Ltd. (“Longyan Huanyu”). According to the Share Purchase Agreement, Hubei Henglong has transfered its 51% equity interests in Fujian Qiaolong to Longyan Huanyu.

Pledged cash (Details Textual)

Pledged cash (Details Textual)	9 Months Ended
	Sep. 30, 2016
Minimum [Member]
Cash and Cash Equivalents [Line Items]
Percentage Of Cash And Cash Equivalent Reserve Deposit Required	40.00%
Maximum [Member]
Cash and Cash Equivalents [Line Items]
Percentage Of Cash And Cash Equivalent Reserve Deposit Required	100.00%

Short-term investments (Details

Short-term investments (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Cash Cash Equivalents And Short Term Investments [Line Items]
Time deposits	$ 35,279	$ 21,209
Wealth management financial products measured at fair value	4,058	0
Total	$ 39,337	$ 21,209

Short-term investments (Detai65

Short-term investments (Details Textual) - Sep. 30, 2016 ¥ in Millions, $ in Millions	USD ($)	CNY (¥)
Time Deposits	$ 13.9	¥ 92.9

Accounts and notes receivable66

Accounts and notes receivable, net (Details) - USD ($) $ in Thousands		Sep. 30, 2016	Dec. 31, 2015
Financing Receivables [Line Items]
Accounts receivable - unrelated parties	[1]	$ 115,555	$ 141,828
Notes receivable - unrelated parties	[2],[3]	141,306	113,777
Total accounts and notes receivable- unrelated parties		256,861	255,605
Less: allowance for doubtful accounts - unrelated parties		(1,067)	(1,208)
Accounts and notes receivable, net - unrelated parties		255,794	254,397
Accounts and notes receivable, net - related parties		23,637	21,918
Accounts and notes receivable, net		$ 279,431	$ 276,315
[1]	As of September 30, 2016 and December 31, 2015, the Company has pledged nil and $32.3 million, respectively, of accounts receivable as security for its comprehensive credit facilities with banks in China.
[2]	As of September 30, 2016, the Company collateralized its notes receivable in an amount of RMB 252.2 million, equivalent to approximately $37.8 million, as security for the credit facilities with banks in China and the Chinese government, including RMB 227.1 million, equivalent to approximately $34.0 million, in favor of Industrial and Commercial Bank of China, Jingzhou Branch, “ICBC Jingzhou”, for the purpose of obtaining the Henglong Standby Letter of Credit (as defined in Note 13), which is used as security for the non-revolving credit facility in the amount of $30.0 million provided by Industrial and Commercial Bank of China (Macau) Limited, “ICBC Macau”, and RMB 25.1 million, equivalent to approximately $3.8 million, as security in favor of the Chinese government for the low-interest government loan (See Note 13). As of December 31, 2015, Henglong collateralized its notes receivable in an amount of RMB 232.9 million, equivalent to approximately $35.8 million, as security for the credit facilities with banks in China and the Chinese government, including RMB 207.4 million, equivalent to approximately $31.9 million, in favor of Industrial and Commercial Bank of China, Jingzhou Branch, “ICBC Jingzhou,” for the purpose of obtaining the Henglong Standby Letter of Credit (as defined in Note 13), which is used as security for the non-revolving credit facility in the amount of $30.0 million provided by Industrial and Commercial Bank of China (Macau) Limited, “ICBC Macau,” and RMB 25.5 million, equivalent to approximately $3.9 million, in favor of the Chinese government as security for the low-interest government loan (See Note 13).
[3]	Notes receivable represent accounts receivable in the form of bills of exchange for which acceptances are guaranteed and settlements are handled by banks.

Accounts and notes receivable67

Accounts and notes receivable, net (Details Textual) ¥ in Millions, $ in Millions	Sep. 30, 2016USD ($)	Sep. 30, 2016CNY (¥)	Dec. 31, 2015USD ($)	Dec. 31, 2015CNY (¥)
Financing Receivables [Line Items]
Non Revolving Credit Facility	$ 30		$ 30
Accounts Receivable Pledged As Security Value	32.3		32.3
Henglongs Collateralization [Member]
Financing Receivables [Line Items]
Financing Receivable, Net	37.8	¥ 252.2	35.8	¥ 232.9
Jingzhou Henglong Automotive Parts Co Ltd [Member]
Financing Receivables [Line Items]
Financing Receivable, Net	34	227.1	31.9	207.4
ICBC Macau [Member]
Financing Receivables [Line Items]
Financing Receivable, Net	$ 3.8	¥ 25.1	$ 3.9	¥ 25.5

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Inventory [Line Items]
Raw materials	$ 15,136	$ 15,653
Work in process	12,967	14,222
Finished goods	46,381	35,695
Total	$ 74,484	$ 65,570

Inventories (Details Textual)

Inventories (Details Textual) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Inventory [Line Items]
Valuation Allowances and Reserves, Adjustments	$ 2.4	$ 1.5

Other receivables, net (Details

Other receivables, net (Details) - USD ($) $ in Thousands		Sep. 30, 2016	Dec. 31, 2015
Unrelated Parties [Member]
Other Receivables [Line Items]
Other receivables	[1]	$ 576	$ 1,770
Other receivables - employee housing loans	[2]	1,768	2,175
Less: allowance for doubtful accounts		(61)	(63)
Other receivables, net		2,283	3,882
Related Party [Member]
Other Receivables [Line Items]
Other receivables	[1]	646	621
Less: allowance for doubtful accounts		(573)	(607)
Other receivables, net		$ 73	$ 14
[1]	Other receivables consist of amounts advanced to both related and unrelated parties, primarily as unsecured demand loans. These receivables originate as part of the Company's normal operating activities and are periodically settled in cash.
[2]	On May 28, 2014, the board of directors of the Company approved a loan program under which the Company will lend an aggregate of up to RMB 50.0 million, equivalent to approximately $7.5 million, to the employees of the Company to assist them in purchasing houses. Employees are required to pay interest at an annual rate of 3.8%. These loans are unsecured and the term of the loans is generally five years.

Other receivables, net (Detai71

Other receivables, net (Details Textual) - 1 months ended May 28, 2014 ¥ in Millions, $ in Millions	USD ($)	CNY (¥)
Financing Receivables [Line Items]
Loan Receivable, Term	5 years	5 years
Board of Directors Chairman [Member]
Financing Receivables [Line Items]
Loans Assumed	$ 7.5	¥ 50
Debt Instrument, Interest Rate, Stated Percentage	3.80%	3.80%

Long-term time deposits (Detail

Long-term time deposits (Details Textual) $ in Millions	Sep. 30, 2016USD ($)
Long-term Debt, Current Maturities	$ 4.9

Long-term investments (Details

Long-term investments (Details Textual) ¥ in Millions, $ in Millions	9 Months Ended
	Sep. 30, 2016USD ($)	Sep. 30, 2016CNY (¥)	Sep. 30, 2015USD ($)	Sep. 30, 2016CNY (¥)	Jun. 30, 2016USD ($)	May 31, 2016USD ($)	May 31, 2016CNY (¥)	Dec. 31, 2015USD ($)	Sep. 22, 2014USD ($)	Sep. 22, 2014CNY (¥)	Jan. 24, 2010USD ($)
Debt Instrument [Line Items]
Net income of non-consolidated affiliates	$ 0.6		$ 0.3
Venture Capital Funds [Member]
Debt Instrument [Line Items]
Equity Method Investments	5.5							$ 2.4
Percentage Interest									14.70%	14.70%
Beijing Henglong Automotive System Co Ltd [Member]
Debt Instrument [Line Items]
Equity Method Investments	3.9							$ 3.8			$ 3.1
Percentage Interest											50.00%
Hubei Henglong Automotive System Group Co Ltd [Member]
Debt Instrument [Line Items]
Proceeds from Partnership Contribution	$ 5.3	¥ 35
Hubei Henglong [Member]
Debt Instrument [Line Items]
Equity Method Investments					$ 5.7
Percentage Interest	14.70%			14.70%		17.10%	17.10%
Capital	$ 5.3			¥ 35		$ 18	¥ 120		$ 7.6	¥ 50

Property, plant and equipment74

Property, plant and equipment, net (Details) - USD ($) $ in Thousands		Sep. 30, 2016	Dec. 31, 2015
Property, Plant and Equipment [Line Items]
Total amount of property, plant and equipment		$ 211,215	$ 195,368
Less: Accumulated depreciation	[1]	(117,152)	(111,217)
Total amount of property, plant and equipment, net	[2],[3]	94,063	84,151
Land Use Rights and Buildings [Member]
Property, Plant and Equipment [Line Items]
Total amount of property, plant and equipment		49,559	51,384
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Total amount of property, plant and equipment		129,208	120,706
Electronic Equipment [Member]
Property, Plant and Equipment [Line Items]
Total amount of property, plant and equipment		7,442	7,527
Motor Vechicles [Member]
Property, Plant and Equipment [Line Items]
Total amount of property, plant and equipment		4,504	4,526
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Total amount of property, plant and equipment		$ 20,502	$ 11,225
[1]	As of September 30, 2016 and December 31, 2015, the Company had pledged property, plant and equipment with net book value of $26.6 million and $34.1 million, respectively, for its comprehensive credit facilities with Jingzhou Commercial Bank, Shanghai Pudong Development Bank, China CITIC Bank and China Everbright Bank.
[2]	Depreciation charges were $3.3 million and $3.4 million for the three months ended September 30, 2016 and 2015, respectively, and $10.4 million and $11.0 million for the nine months ended September 30, 2016 and 2015, respectively.
[3]	During the three and nine months ended September 30, 2016, nil and $1.1 million, respectively, of government subsidies were recorded as a reduction of the cost of property, plant and equipment.

Property, plant and equipment75

Property, plant and equipment, net (Details Textual) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Property, Plant and Equipment [Line Items]
Depreciation	$ 3.3	$ 3.4	$ 10.4	$ 11
Pledged Assets Separately Reported, Loans Pledged for Other Debt Obligations, at Fair Value	26.6		26.6		$ 34.1
Subsidy On Property, Plant And Equipment Cost			1.1
Interest Costs Capitalized	$ 0.1		$ 0.2

Intangible assets (Details)

Intangible assets (Details) - USD ($) $ in Thousands		Sep. 30, 2016	Dec. 31, 2015
Costs:
Patent technology	[1]	$ 2,047	$ 4,605
Management software license		1,071	1,036
Total intangible assets		3,118	5,641
Less: Amortization	[1],[2]	(2,530)	(2,848)
Total intangible assets, net		$ 588	$ 2,793
[1]	In the nine months ended September 30, 2016, patent technology with a cost of $2.5 million and accumulated amortization of $0.5 million was disposed of along with the disposal of Fujian Qiaolong as disclosed in Note 1 to these condensed consolidated financial statements. As a result of the disposal, goodwill which has arisen during the acquisition of Fujian Qiaolong was also reduced to zero.
[2]	Amortization expenses were $0.1 million and $0.2 million for the three months ended September 30, 2016 and 2015, respectively, and $0.3 million and $0.5 million for the nine months ended September 30, 2016 and 2015, respectively.

Intangible assets (Details Text

Intangible assets (Details Textual) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets		$ 100	$ 200	$ 300	$ 500
Finite-Lived Intangible Assets, Gross		3,118		3,118		$ 5,641
Finite-Lived Intangible Assets, Accumulated Amortization	[1],[2]	2,530		2,530		$ 2,848
Fujian Qiaolong Special Purpose Vehicle Co., Ltd [Member] | Parent [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross		2,500		2,500
Finite-Lived Intangible Assets, Accumulated Amortization		$ 500		$ 500
[1]	Amortization expenses were $0.1 million and $0.2 million for the three months ended September 30, 2016 and 2015, respectively, and $0.3 million and $0.5 million for the nine months ended September 30, 2016 and 2015, respectively.
[2]	In the nine months ended September 30, 2016, patent technology with a cost of $2.5 million and accumulated amortization of $0.5 million was disposed of along with the disposal of Fujian Qiaolong as disclosed in Note 1 to these condensed consolidated financial statements. As a result of the disposal, goodwill which has arisen during the acquisition of Fujian Qiaolong was also reduced to zero.

Deferred income tax assets (Det

Deferred income tax assets (Details) - USD ($) $ in Thousands		Sep. 30, 2016	Dec. 31, 2015
Deferred Tax Assets [Line Items]
Losses carry forward (U.S.)	[1]	$ 7,377	$ 6,498
Losses carry forward (Non-US)	[1]	2,906	2,901
Product warranties and other reserves		3,964	4,344
Property, plant and equipment		4,507	4,656
Share-based compensation		222	222
Bonus accrual		635	379
Other accruals		728	995
Deductible temporary difference related to revenue recognition		155	0
Others		1,128	1,350
Total deferred tax assets		21,622	21,345
Less: taxable temporary difference related to revenue recognition		0	(105)
Total deferred tax assets, net		21,622	21,240
Less: Valuation allowance		(10,114)	(9,379)
Total deferred tax assets, net of valuation allowance	[2]	$ 11,508	$ 11,861
[1]	The net operating losses carry forward for the U.S. entities for income tax purposes are available to reduce future years' taxable income. These losses will expire, if not utilized, in 20 years. Net operating losses carry forward for China entities can be carried forward for 5 years to offset taxable income. However, as of September 30, 2016, the valuation allowance was $10.1 million, including $7.6 million allowance for the Company’s deferred tax assets in the United States and $2.5 million allowance for the Company’s non-U.S. deferred tax assets in China. Based on the Company’s current operations in the United States, management believes that the deferred tax assets in the United States are not likely to be realized in the future. For the deferred tax assets in other countries, pursuant to certain tax laws and regulations, management believes such amount will not be used to offset future taxable income.
[2]	Approximately $4.9 million and $4.9 million of net deferred income tax assets as of September 30, 2016 and December 31, 2015, respectively, are included in non-current deferred tax assets in the accompanying condensed unaudited consolidated balance sheets. The remaining $6.6 million and $7.0 million of net deferred income tax assets as of September 30, 2016 and December 31, 2015, respectively, are included in current deferred tax assets.

Deferred income tax assets (D79

Deferred income tax assets (Details Textual) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Deferred Tax Assets [Line Items]
Deferred Tax Assets, Valuation Allowance	$ 10,114	$ 9,379
Deferred Tax Assets, Net of Valuation Allowance, Noncurrent	4,898	4,899
Current deferred tax assets	6,610	$ 6,962
U.S [Member]
Deferred Tax Assets [Line Items]
Deferred Tax Assets, Valuation Allowance	$ 7,600
Amortizing Period Of Net Operating Loss	20 years
Non U.S [Member]
Deferred Tax Assets [Line Items]
Deferred Tax Assets, Valuation Allowance	$ 2,500
Amortizing Period Of Net Operating Loss	5 years

Bank and government loans (Deta

Bank and government loans (Details) $ in Thousands, ¥ in Millions		Sep. 30, 2016USD ($)		Apr. 30, 2016USD ($)	Apr. 30, 2016CNY (¥)	Dec. 31, 2015USD ($)		Mar. 31, 2015USD ($)	Mar. 31, 2015CNY (¥)
Debt Instrument [Line Items]
Bank and government loans		$ 39,942				$ 40,929
China Construction Bank [Member]
Debt Instrument [Line Items]
Short-term bank loan		0	[1]	$ 1,200	¥ 8	2,079	[1]
ICBC Macau [Member]
Debt Instrument [Line Items]
Short-term bank loan	[2],[3]	35,000				35,000
Chinese government loan [Member]
Debt Instrument [Line Items]
Short-term bank loan		$ 4,942	[4]			$ 3,850	[4]	$ 3,900	¥ 25
[1]	These loans are secured by property, plant and equipment of the Company and are repayable within one year (See Note 10). As of September 30, 2016 and December 31, 2015, the weighted average interest rate was 5.3% and 8.0% per annum, respectively. Interest is to be paid monthly or quarterly on the twentieth day of the applicable month or quarter and the principal repayment is at maturity.
[2]	On July 16, 2014, Great Genesis entered into a credit facility agreement with HSBC HK to obtain a non-revolving credit facility in the amount of $5.0 million, the “HSBC Credit Facility”. The HSBC Credit Facility expired on July 1, 2015 and had an annual interest rate of 1.7%. Interest was paid on the twentieth day of each month and the principal repayment was at maturity. As security for the HSBC Credit Facility, the Company’s subsidiary Hubei Henglong was required to provide HSBC HK with the Standby Letter of Credit for a total amount of not less than $5.4 million if the HSBC Credit Facility was fully drawn. On July 22, 2014, Great Genesis drew down a loan amounting to $5.0 million provided by HSBC HK and Hubei Henglong provided a Standby Letter of Credit for an amount of $5.4 million in favor of HSBC HK. Hubei Henglong’s Standby Letter of Credit was issued by HSBC Bank (China) Company Limited Wuhan branch and is collateralized by long-term time deposits of Hubei Henglong of RMB 33.0 million, equivalent to approximately $5.4 million. On July 7, 2016, HSBC HK agreed to extend the maturity date of the HSBC Credit Facility to July 1, 2017. Hubei Henglong provided a Standby Letter of Credit in an amount of $5.1 million in favor of HSBC HK. The Standby Letter of Credit was issued by HSBC Bank (China) Company Limited Wuhan branch and is collateralized by short-term and long-term time deposits of Hubei Henglong of RMB 36.0 million, equivalent to approximately $5.4 million. The interest rate of the HSBC Credit Facility under the extended term is revised as three-month LIBOR plus 0.8% per annum, i.e. 1.6% per annum. Except for the above, all other terms and conditions as stipulated in the Credit Agreement remained unchanged.
[3]	On May 18, 2012, the Company entered into a credit facility agreement, the “Credit Agreement,” with ICBC Macau to obtain a non-revolving credit facility in the amount of $30.0 million, the “Credit Facility”. The Credit Facility would have expired on November 3, 2012 unless the Company drew down the line of credit in full prior to such expiration date, and the maturity date for the loan drawdown was the earlier of (i) 18 months from the drawdown or (ii) one month before the expiry of the standby letter of credit obtained by Henglong from ICBC Jingzhou as security for the Credit Facility, the “Henglong Standby Letter of Credit”. The interest rate of the Credit Facility is calculated based on a three-month LIBOR plus 2.25% per annum, subject to the availability of funds and fluctuation at ICBC Macau’s discretion. The interest is calculated daily based on a 360-day year and it is fixed one day before the first day of each interest period. The interest period is defined as three months from the date of drawdown. As security for the Credit Facility, the Company was required to provide ICBC Macau with the Henglong Standby Letter of Credit for a total amount of not less than $31.6 million if the Credit Facility is fully drawn. On May 22, 2012, the Company drew down the full amount of $30.0 million under the Credit Facility and provided the Henglong Standby Letter of Credit for an amount of $31.6 million in favor of ICBC Macau. The Henglong Standby Letter of Credit issued by ICBC Jingzhou is collateralized by Henglong’s notes receivable of RMB 207.1 million, equivalent to approximately $32.6 million. The Company also paid an arrangement fee of $0.1 million to ICBC Macau and $0.1 million to ICBC Jingzhou. The original maturity date of the Credit Facility was May 22, 2013 and it was extended to May 12, 2017 after being extended four times. The Company is expected to extend the loan for another year upon its maturity. The interest rate of the Credit Facility under the extended term is three-month LIBOR plus 0.7% per annum. Except for the above, all other terms and conditions as stipulated in the Credit Agreement remain unchanged. As of September 30, 2016, the interest rate of the Credit Facility was 1.5% per annum.
[4]	On March 31, 2015, the Company received a Chinese government loan of RMB 25.0 million, equivalent to approximately $3.9 million, with an interest rate of 2.5% per annum, which matured on April 20, 2016. On June 10, 2016, the Chinese government agreed to extend the maturity date to June 10, 2017. The interest rate of the government loan under the extended term is 1.5%. Except for the above, all other terms and conditions of the loan remain unchanged. Henglong pledged RMB 25.1 million, equivalent to approximately $3.8 million, of notes receivable as security for such Chinese government loan (See Note 5). On April 1, 2016, the Company received an entrusted Chinese government loan of RMB 8.0 million, equivalent to approximately $1.2 million, with a zero interest rate, which will mature on December 10, 2016. The entrusted government loan was issued by China Construction Bank Jingzhou branch, and Hubei Wiselink Equipment Manufacturing Co., Ltd., “Hubei Wiselink”, pledged its land use rights and buildings with an assessed value of approximately $5.1 million as security for this entrusted government loan.

Bank and government loans (De81

Bank and government loans (Details Textual) $ in Thousands, ¥ in Millions

Jul. 07, 2016USD ($)

Jun. 10, 2016USD ($)

May 13, 2014

Apr. 30, 2016USD ($)

May 22, 2012USD ($)

May 18, 2012USD ($)

Sep. 30, 2016USD ($)

Sep. 30, 2016CNY (¥)

Jul. 07, 2016CNY (¥)

Jun. 10, 2016CNY (¥)

Apr. 30, 2016CNY (¥)

Dec. 31, 2015USD ($)

Mar. 31, 2015USD ($)

Mar. 31, 2015CNY (¥)

Jul. 22, 2014USD ($)

Jul. 22, 2014CNY (¥)

Jul. 16, 2014USD ($)

May 22, 2012CNY (¥)

Debt Instrument [Line Items]

Short-term Debt, Weighted Average Interest Rate

5.30%

5.30%

8.00%

Non Revolving Credit Facility

$ 30,000

$ 30,000

Time Deposits

$ 13,900

¥ 92.9

Line of Credit Facility, Expiration Date

May 12, 2017

Industrial and Commercial Bank Of China Macau [Member]

Debt Instrument [Line Items]

Non Revolving Credit Facility

$ 30,000

$ 30,000

Line of Credit Facility, Interest Rate Description

LIBOR plus 2.25% per annum

LIBOR plus 0.7% per annum

LIBOR plus 2.25% per annum

Line of Credit Facility, Interest Rate at Period End

1.50%

1.50%

Financing Receivable, Net

$ 32,600

¥ 207.1

Arrangement Fee

100

Line of Credit, Current

31,600

$ 31,600

Industrial and Commercial Bank Of China Jingzhou Branch [Member]

Debt Instrument [Line Items]

Arrangement Fee

$ 100

HSBC Bank China Company Limited [Member]

Debt Instrument [Line Items]

Non Revolving Credit Facility

$ 5,000

$ 5,000

Line of Credit Facility, Interest Rate Description

LIBOR plus 0.8% per annum

Line of Credit Facility, Interest Rate at Period End

1.60%

1.60%

1.70%

Line of Credit, Current

$ 5,100

5,400

¥ 33

$ 5,400

Time Deposits

$ 5,400

¥ 36

$ 5,400

Chinese government loan [Member]

Debt Instrument [Line Items]

Line of Credit Facility, Interest Rate at Period End

1.50%

1.50%

Short-term Debt, Total

$ 4,942

[1]

3,850

[1]

$ 3,900

¥ 25

Debt Instrument, Interest Rate, Stated Percentage

2.50%

2.50%

Debt Instrument, Collateral Amount

$ 3,800

¥ 25.1

Line of Credit Facility, Expiration Date

Jun. 10, 2017

China Construction Bank [Member]

Debt Instrument [Line Items]

Short-term Debt, Total

$ 1,200

0

[2]

¥ 8

$ 2,079

[2]

Debt Instrument, Collateral Amount

$ 5,100

$ 5,100

Line of Credit Facility, Expiration Date

Dec. 10, 2016

[1]

On March 31, 2015, the Company received a Chinese government loan of RMB 25.0 million, equivalent to approximately $3.9 million, with an interest rate of 2.5% per annum, which matured on April 20, 2016. On June 10, 2016, the Chinese government agreed to extend the maturity date to June 10, 2017. The interest rate of the government loan under the extended term is 1.5%. Except for the above, all other terms and conditions of the loan remain unchanged. Henglong pledged RMB 25.1 million, equivalent to approximately $3.8 million, of notes receivable as security for such Chinese government loan (See Note 5). On April 1, 2016, the Company received an entrusted Chinese government loan of RMB 8.0 million, equivalent to approximately $1.2 million, with a zero interest rate, which will mature on December 10, 2016. The entrusted government loan was issued by China Construction Bank Jingzhou branch, and Hubei Wiselink Equipment Manufacturing Co., Ltd., “Hubei Wiselink”, pledged its land use rights and buildings with an assessed value of approximately $5.1 million as security for this entrusted government loan.

[2]

These loans are secured by property, plant and equipment of the Company and are repayable within one year (See Note 10). As of September 30, 2016 and December 31, 2015, the weighted average interest rate was 5.3% and 8.0% per annum, respectively. Interest is to be paid monthly or quarterly on the twentieth day of the applicable month or quarter and the principal repayment is at maturity.

Accounts and notes payable (Det

Accounts and notes payable (Details) - USD ($) $ in Thousands		Sep. 30, 2016	Dec. 31, 2015
Accounts And Notes Payable [Line Items]
Accounts payable - unrelated parties		$ 128,097	$ 126,759
Notes payable - unrelated parties	[1]	76,405	70,346
Accounts and notes payable - unrelated parties		204,502	197,105
Accounts payable - related parties		5,538	5,578
Notes payable-related parties		0	785
Accounts and notes payable - related parties		5,538	6,363
Balance at end of period		$ 210,040	$ 203,468
[1]	Notes payable represent accounts payable in the form of bills of exchange whose acceptances are guaranteed and settlements are handled by banks. The Company has pledged cash deposits, short-term investments, notes receivable and certain property, plant and equipment to secure notes payable granted by banks.

Accrued expenses and other pa83

Accrued expenses and other payables (Details) - USD ($) $ in Thousands		Sep. 30, 2016	Dec. 31, 2015
Accrued Expenses [Line Items]
Accrued expenses		$ 6,898	$ 6,186
Accrued interest		73	116
Other payables		1,542	1,517
Dividends payable to common shareholders	[1]	505	505
Warranty reserves	[2]	20,713	23,059
Total		$ 29,731	$ 31,383
[1]	On May 27, 2014, the Company announced the payment of a special cash dividend of $0.18 per common share to the Company’s shareholders of record as of the close of business on June 26, 2014. As of September 30, 2016, dividends payable of $0.5 million remained unpaid.
[2]	The Company provides for the estimated cost of product warranties when the products are sold. Such estimates of product warranties are based on, among other things, historical experience, product changes, material expenses, services and transportation expenses arising from the manufactured products. Estimates will be adjusted on the basis of actual claims and circumstances.

Accrued expenses and other pa84

Accrued expenses and other payables (Details 1) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Accrued Expenses [Line Items]
Balance at the beginning of year	$ 21,238	$ 26,004	$ 23,059	$ 25,011	$ 25,011
Additions during the period	1,693	2,360	5,433	6,779	9,758
Settlement within period, by cash or actual materials	(2,378)	(3,095)	(8,434)	(6,543)	(10,179)
Foreign currency translation loss	160	(976)	655	(954)	(1,531)
Balance at end of year	$ 20,713	$ 24,293	$ 20,713	$ 24,293	$ 23,059

Accrued expenses and other pa85

Accrued expenses and other payables (Details Textual) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended
	May 27, 2014	Sep. 30, 2016
Accrued Expenses [Line Items]
Common Stock, Dividends, Per Share, Declared	$ 0.18
Dividends Declared Amount		$ 0.5

Taxes payable (Details)

Taxes payable (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Taxes Payable [Line Items]
Value-added tax payable	$ 3,885	$ 7,016
Income tax payable	3,087	1,744
Other tax payable	261	524
Total	$ 7,233	$ 9,284

Advances payable (Details Textu

Advances payable (Details Textual) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Advance Payable [Line Items]
Advances payable	$ 0.9	$ 1.9

Additional paid-in capital (Det

Additional paid-in capital (Details) - USD ($) $ in Thousands		9 Months Ended		12 Months Ended
		Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Additional Paid In Capital [Line Items]
Balance at beginning of the period		$ 64,627	$ 64,522	$ 64,522
Share-based compensation	[1]	0	0	105
Balance at end of the period		$ 64,627	$ 64,522	$ 64,627
[1]	On December 11, 2015, the Company granted 22,500 stock options to the Company’s independent directors, with the exercise price equal to the closing price of the Company’s common stock traded on NASDAQ on the date of grant. The fair value of stock options was determined at the date of grant using the Black-Scholes option pricing model. The Black-Scholes option model requires management to make various estimates and assumptions, including expected term, expected volatility, risk-free rate and dividend yield. The expected term represents the period of time that stock-based compensation awards granted are expected to be outstanding and is estimated based on considerations including the vesting period, contractual term and anticipated employee exercise patterns. Expected volatility is based on the historical volatility of the Company’s stock. The risk-free rate is based on the U.S. Treasury yield curve in relation to the contractual life of stock-based compensation instruments. The dividend yield assumption is based on historical patterns and future expectations for the Company’s dividends.

Additional paid-in capital (D89

Additional paid-in capital (Details 1)	9 Months Ended
	Sep. 30, 2016
Additional Paid In Capital [Line Items]
Issuance Date	Dec. 11, 2015
Expected volatility	126.25%
Risk-free rate	1.62%
Expected term (years)	5 years
Dividend yield	0.00%

Additional paid-in capital (D90

Additional paid-in capital (Details Textual) - USD ($) $ in Millions	Dec. 11, 2015	Dec. 31, 2015
Additional Paid In Capital [Line Items]
Allocated Share-based Compensation Expense		$ 0.1
Share-based Compensation Arrangement By Share-based Payment Award Options Exercisable Grant Date Fair Value	$ 0.1
Employee Stock Option [Member]
Additional Paid In Capital [Line Items]
Stock Option [Member]	22,500

Retained earnings (Details)

Retained earnings (Details) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Retained Earnings Adjustments [Line Items]
Balance at beginning of the period	$ 10,379	$ 10,178	$ 10,178
Appropriation of retained earnings	142	171	201
Balance at end of the period	$ 10,521	$ 10,349	$ 10,379

Retained earnings (Details 1)

Retained earnings (Details 1) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Retained Earnings Adjustments [Line Items]
Balance at beginning of the period			$ 206,622	$ 179,435	$ 179,435
Net income attributable to parent company	$ 5,682	$ 4,288	16,755	20,456	27,388
Appropriation of retained earnings			(142)	(171)	(201)
Balance at end of the period	$ 223,235	$ 199,720	$ 223,235	$ 199,720	$ 206,622

Retained earnings (Details Text

Retained earnings (Details Textual) - 9 months ended Sep. 30, 2016 ¥ in Millions, $ in Millions	USD ($)	CNY (¥)
Retained Earnings Adjustments [Line Items]
Statutory Accounting Practices Statutory Surplus Required Percentage	10.00%
Percentage Of Statutory Surplus Reserve	50.00%
Jingzhou Henglong Automotive Parts Co Ltd [Member]
Retained Earnings Adjustments [Line Items]
Statutory Accounting Practices, Statutory Capital and Surplus Required	$ 10
Shashi Jiulong Power Steering Gears Co Ltd [Member]
Retained Earnings Adjustments [Line Items]
Statutory Accounting Practices, Statutory Capital and Surplus Required	4.2	¥ 35
Shenyang Jinbei Henglong Automotive Steering System Co Ltd [Member]
Retained Earnings Adjustments [Line Items]
Statutory Accounting Practices, Statutory Capital and Surplus Required	8.1	67.5
Universal Sensor Application Inc [Member]
Retained Earnings Adjustments [Line Items]
Statutory Accounting Practices, Statutory Capital and Surplus Required	2.6
Wuhan Jielong Electric Power Steering Co Ltd [Member]
Retained Earnings Adjustments [Line Items]
Statutory Accounting Practices, Statutory Capital and Surplus Required	6
Wuhu Henglong Automotive Steering System Co Ltd [Member]
Retained Earnings Adjustments [Line Items]
Statutory Accounting Practices, Statutory Capital and Surplus Required	3.8	30
Hubei Henglong Automotive System Group Co Ltd [Member]
Retained Earnings Adjustments [Line Items]
Statutory Accounting Practices, Statutory Capital and Surplus Required	39
Chongqing Henglong Hongyan Automotive Systems Co Ltd [Member]
Retained Earnings Adjustments [Line Items]
Statutory Accounting Practices, Statutory Capital and Surplus Required	$ 9.5	¥ 60

Accumulated other comprehensi94

Accumulated other comprehensive income (Details) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of the period	$ 18,412	$ 36,119	$ 36,119
Foreign currency translation adjustment attributable to parent company	(8,128)	(11,723)	(17,707)
Balance at end of the period	$ 10,284	$ 24,396	$ 18,412

Treasury Stock (Details Textual

Treasury Stock (Details Textual) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2016	Dec. 18, 2015
Treasury Stock [Line Items]
Stock Repurchased During Period, Value	$ 0.5	$ 1
Stock Repurchased During Period, Shares	144,554	259,263
Stock Repurchase Program, Authorized Amount			$ 5

Non-controlling interests (Deta

Non-controlling interests (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Noncontrolling Interest [Line Items]
Balance at beginning of the period			$ 8,252	$ 8,912	$ 8,912
Income/(loss) attributable to non-controlling interests	$ 177	$ 93	164	(56)	509
Dividends declared to the non-controlling interest holders of joint-venture companies (See Note 15)			(464)	(318)	(317)
Non-controlling interests change due to the disposal of Fujian Qiaolong			(2,150)	0	0
Foreign currency translation adjustment attributable to non-controlling interests			(307)	(593)	(852)
Balance at end of the period	$ 5,495	$ 7,945	$ 5,495	$ 7,945	$ 8,252

Gain on other sales (Details Te

Gain on other sales (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Gain on other sales disclosure [Line Items]
Gain (Loss) On Other Sales	$ 22	$ 877	$ 2,008	$ 3,248
Gain Loss On Other Sales Period Decrease			$ 1,200

Financial income, net (Details)

Financial income, net (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Financial Expenses [Line Items]
Interest income			$ 1,777	$ 2,259
Foreign exchange (loss)/gain, net			(30)	205
Gain of cash discount, net			3	41
Bank fees			(480)	(487)
Total financial income, net	$ 800	$ 556	$ 1,270	$ 2,018

Income tax rate (Details Textua

Income tax rate (Details Textual) BRL in Thousands, $ in Thousands

1 Months Ended

3 Months Ended

9 Months Ended

12 Months Ended

Jan. 31, 2008

Sep. 30, 2016

Sep. 30, 2015

Sep. 30, 2016USD ($)

Sep. 30, 2016BRL

Sep. 30, 2015

Dec. 31, 2015USD ($)

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2009

Income Tax Disclosure [Line Items]

Withholding Tax Percentage Applicable To Foreign Investors As Non Resident Enterprises

10.00%

Withholding Tax Percentage Applicable To Foreign Investors To Direct Holding Company

5.00%

5.00%

Percentage Owned In Holding Company To Avail Withholding Tax Of Five Percent

25.00%

25.00%

Undistributed Earnings, Basic

$ 240,600

$ 228,700

Tax Provision On Retained Earning Not Reinvested

$ 12,000

$ 11,400

Effective Income Tax Rate Reconciliation, State and Local Income Taxes

15.00%

15.00%

Increase In Income Tax Expense Benefit Percentage

17.40%

18.10%

17.30%

17.30%

16.60%

U S [Member]

Income Tax Disclosure [Line Items]

Tax rate

35.00%

35.00%

Deferred State and Local Income Tax Expense (Benefit)

$ 200

Undistributed Earnings, Basic

$ 4,200

Shashi Jiulong Power Steering Gears Co Ltd [Member]

Income Tax Disclosure [Line Items]

Effective Income Tax Rate Reconciliation, State and Local Income Taxes

15.00%

Jingzhou Henglong Automotive Parts Co Ltd [Member]

Income Tax Disclosure [Line Items]

Effective Income Tax Rate Reconciliation, State and Local Income Taxes

15.00%

Shenyang Jinbei Henglong Automotive Steering System Co Ltd [Member]

Income Tax Disclosure [Line Items]

Effective Income Tax Rate Reconciliation, State and Local Income Taxes

15.00%

15.00%

Wuhu Henglong Automotive Steering System Co Ltd [Member]

Income Tax Disclosure [Line Items]

Effective Income Tax Rate Reconciliation, State and Local Income Taxes

15.00%

15.00%

Wuhan Jielong Electric Power Steering Co Ltd [Member]

Income Tax Disclosure [Line Items]

Effective Income Tax Rate Reconciliation, State and Local Income Taxes

15.00%

15.00%

15.00%

Hubei Henglong Automotive System Group Co Ltd [Member]

Income Tax Disclosure [Line Items]

Effective Income Tax Rate Reconciliation, State and Local Income Taxes

15.00%

15.00%

Universal Sensor Application Inc [Member]

Income Tax Disclosure [Line Items]

Effective Income Tax Rate Reconciliation, State and Local Income Taxes

25.00%

25.00%

25.00%

Hong Kong Enterprise [Member]

Income Tax Disclosure [Line Items]

Effective Income Tax Rate Reconciliation, State and Local Income Taxes

16.50%

16.50%

Chongqing Henglong Hongyan Automotive Systems Co Ltd [Member]

Income Tax Disclosure [Line Items]

Effective Income Tax Rate Reconciliation, State and Local Income Taxes

25.00%

CAAS Brazils Imports and Trade In Automotive Parts Ltd [Member]

Income Tax Disclosure [Line Items]

Effective Income Tax Rate Reconciliation, Foreign Income Tax Rate Differential

10.00%

10.00%

Additional Tax Payable Subject To Residential Status

$ 120

CAAS Brazils Imports and Trade In Automotive Part Ltd [Member]

Income Tax Disclosure [Line Items]

Effective Income Tax Rate Reconciliation, State and Local Income Taxes

15.00%

15.00%

Additional Tax Payable Subject To Residential Status | BRL

BRL 240

Income per share (Details)

Income per share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Numerator:
Net income attributable to the parent company’s common shareholders - Basic and Diluted	$ 5,682	$ 4,288	$ 16,755	$ 20,456	$ 27,388
Denominator:
Weighted average shares outstanding	31,911,360	32,121,019	32,038,933	32,121,019
Dilutive effects of stock options	362	13,820	1,581	14,984
Denominator for dilutive income per share - Diluted	31,911,722	32,134,839	32,040,514	32,136,003
Net income per share attributable to parent company’s common shareholders - Basic	$ 0.18	$ 0.13	$ 0.52	$ 0.64
Net income per share attributable to parent company’s common shareholders - Diluted	$ 0.18	$ 0.13	$ 0.52	$ 0.64

Income per share (Details Textu

Income per share (Details Textual) - shares	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Employee Stock Option [Member]
Earnings Per Share, Basic and Diluted [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	82,500	60,000

Significant concentrations (Det

Significant concentrations (Details Textual)	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Unusual Risk or Uncertainty [Line Items]
Minimum Percentage Of Profit Allocated To Foreign Investment	10.00%
Registered Capital Percentage	50.00%
Sales [Member]
Unusual Risk or Uncertainty [Line Items]
Concentration Risk, Percentage	10.00%	10.00%
Sales Revenue, Net [Member]
Unusual Risk or Uncertainty [Line Items]
Concentration Risk, Percentage	10.00%	10.00%
Ten Largest Customers [Member] | Sales Revenue, Net [Member]
Unusual Risk or Uncertainty [Line Items]
Concentration Risk, Percentage	62.70%	69.60%
Customer One [Member]
Unusual Risk or Uncertainty [Line Items]
Concentration Risk, Percentage	12.90%
Accounts Receivable Trade Percentage	3.80%	6.90%
Customer One [Member] | Sales Revenue, Net [Member]
Unusual Risk or Uncertainty [Line Items]
Concentration Risk, Percentage		13.40%
Customer Two [Member]
Unusual Risk or Uncertainty [Line Items]
Accounts Receivable Trade Percentage		10.00%

Related party transactions a103

Related party transactions and balances (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Related receivables
Accounts and notes receivable from related parties	$ 23,637		$ 23,637		$ 21,918
Other receivables from related parties	73		73		14
Related advances
Advance payments for property, plant and equipment to related parties	6,625		6,625		8,863
Advance payments and others to related parties	845		845		544
Related payables
Accounts and notes payable	5,538		5,538		6,363
Related Party [Member]
Related sales
Merchandise sold to related parties	10,524	$ 8,603	29,911	$ 29,591
Related purchases
Related parties	10,523	7,358	27,698	23,567
Related receivables
Total	23,710		23,710		21,932
Related advances
Total	7,470		7,470		9,407
Related Party [Member] | Raw Materials And Others [Member]
Related sales
Merchandise sold to related parties	551	418	1,231	1,411
Related Party [Member] | Rental Income [Member]
Related sales
Merchandise sold to related parties	23	48	91	104
Technology Equipment [Member] | Related Party [Member]
Related purchases
Related parties	135	145	362	292
Equipment [Member] | Related Party [Member]
Related purchases
Related parties	4,370	1,386	7,900	4,456
Materials [Member] | Related Party [Member]
Related purchases
Related parties	5,869	5,721	18,912	18,359
Advanced Equipment [Member] | Related Party [Member]
Related advances
Advance payments for property, plant and equipment to related parties	6,625		6,625		8,863
Merchandise [Member] | Related Party [Member]
Related sales
Merchandise sold to related parties	9,950	8,137	28,589	28,076
Other purchased [Member] | Related Party [Member]
Related purchases
Related parties	149	$ 106	524	$ 460
Accounts Receivable [Member] | Related Party [Member]
Related receivables
Accounts and notes receivable from related parties	23,637		23,637		21,918
Other Receivables [Member] | Related Party [Member]
Related receivables
Other receivables from related parties	73		73		14
Other Advance Payments [Member] | Related Party [Member]
Related advances
Advance payments and others to related parties	$ 845		$ 845		$ 544

Related party transactions a104

Related party transactions and balances (Details Textual) - USD ($) $ in Millions	Nov. 10, 2016	Sep. 30, 2016	Apr. 30, 2016
China Construction Bank [Member]
Related Party Transaction [Line Items]
Debt Instrument, Collateral Amount		$ 5.1	$ 5.1
Hanlin Chen [Member] | Subsequent Event [Member]
Related Party Transaction [Line Items]
Equity Method Investment, Ownership Percentage	56.00%

Commitments and contingencie105

Commitments and contingencies (Details) $ in Thousands	Sep. 30, 2016USD ($)
Commitments and Contingencies Disclosure [Line Items]
2,016	$ 10,870	[1]
2,017	12,423
2,018	11,001
2,019	0
Thereafter	0
Total	34,294
Obligations for investment contracts [Member]
Commitments and Contingencies Disclosure [Line Items]
2,016	1,497	[1],[2]
2,017	7,637	[1],[2]
2,018	5,391	[1],[2]
2,019	0	[1],[2]
Thereafter	0	[1],[2]
Total	14,525	[1],[2]
Obligations for purchasing and service agreements [Member]
Commitments and Contingencies Disclosure [Line Items]
2,016	9,373	[1]
2,017	4,786
2,018	5,610
2,019	0
Thereafter	0
Total	$ 19,769
[1]	On September 22, 2014, Hubei Henglong entered into an agreement with other parties to establish the Venture Fund, under which Hubei Henglong has committed to make investments of RMB 50.0 million, equivalent to approximately $7.6 million, into the Venture Fund in three installments. As of September 30, 2016, Hubei Henglong has completed a capital contribution of RMB 35.0 million, equivalent to approximately $5.3 million, representing 14.7% of the Venture Fund’s shares. According to the agreement, the remaining capital commitment of RMB 15.0 million, equivalent to approximately $2.3 million, will be paid upon capital calls received from the Venture Fund.
[2]	In May 2016, Hubei Henglong entered into an agreement with other parties to establish a venture capital fund, the “Chongqing Venture Fund”. Hubei Henglong has committed to make investments of RMB 120.0 million, equivalent to approximately $18.0 million, representing 17.1% of Chongqing Venture Fund’s shares. The capital contribution will be paid in three installments. As of September 30, 2016, Hubei Henglong has completed a capital contribution of RMB 38 million, equivalent to approximately $5.7 million. The remaining capital contribution will be made in installments from 2016 to 2018.

Commitments and contingencie106

Commitments and contingencies (Details Textual) ¥ in Millions, $ in Millions	Sep. 30, 2016USD ($)	Sep. 30, 2016CNY (¥)	May 31, 2016USD ($)	May 31, 2016CNY (¥)	Sep. 22, 2014USD ($)	Sep. 22, 2014CNY (¥)
Hubei Henglong [Member]
Commitments and Contingencies Disclosure [Line Items]
Capital	$ 5.3	¥ 35	$ 18	¥ 120	$ 7.6	¥ 50
Equity Method Investment, Ownership Percentage	14.70%	14.70%	17.10%	17.10%
Suzhou Qingyan Automobile Industry Venture Firm [Member]
Commitments and Contingencies Disclosure [Line Items]
Unpaid Capital	$ 2.3	¥ 15
Chongquing Venture Fund [Member] | Hubei Henglong [Member]
Commitments and Contingencies Disclosure [Line Items]
Capital	$ 5.7	¥ 38	$ 18	¥ 120

Segment reporting (Details)

Segment reporting (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Segment Reporting Information [Line Items]
Net Sales	$ 94,626	$ 90,845	$ 312,497	$ 323,455
Net Income (Loss)	5,859	4,381	16,919	20,400
Corporate Segment [Member]
Segment Reporting Information [Line Items]
Net Sales	0	0	0	0
Net Income (Loss)	808	(996)	(1,317)	(1,538)
Consolidation, Eliminations [Member]
Segment Reporting Information [Line Items]
Net Sales	(19,518)	(13,185)	(51,587)	(47,905)
Net Income (Loss)	(747)	381	(911)	285
Jingzhou Henglong Automotive Parts Co Ltd [Member]
Segment Reporting Information [Line Items]
Net Sales	57,530	53,932	195,940	206,061
Net Income (Loss)	3,771	2,866	13,389	15,768
Shashi Jiulong Power Steering Gears Co Ltd [Member]
Segment Reporting Information [Line Items]
Net Sales	17,787	16,183	54,976	53,251
Net Income (Loss)	1,083	154	2,219	75
Shenyang Jinbei Henglong Automotive Steering System Co Ltd [Member]
Segment Reporting Information [Line Items]
Net Sales	8,239	7,516	24,898	24,056
Net Income (Loss)	457	609	995	1,418
Wuhu Henglong Automotive Steering System Co Ltd [Member]
Segment Reporting Information [Line Items]
Net Sales	5,088	3,925	15,897	16,096
Net Income (Loss)	21	(110)	96	(181)
Hubei Henglong Automotive System Group Co Ltd [Member]
Segment Reporting Information [Line Items]
Net Sales	13,912	13,818	42,815	44,463
Net Income (Loss)	735	1,737	2,286	5,594
Other Sectors [Member]
Segment Reporting Information [Line Items]
Net Sales	11,588	8,656	29,558	27,433
Net Income (Loss)	(269)	(260)	162	(1,021)
Total Segments [Member]
Segment Reporting Information [Line Items]
Net Sales	114,144	104,030	364,084	371,360
Net Income (Loss)	$ 5,798	$ 4,996	$ 19,147	$ 21,653

Segment reporting (Details Text

Segment reporting (Details Textual)	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Sales Revenue, Net [Member]
Segment Reporting Information [Line Items]
Concentration Risk, Percentage	10.00%	10.00%