XML 44 R75.htm IDEA: XBRL DOCUMENT v2.4.1.9
Accounts and Notes Receivable (Details) (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Financing Receivables [Line Items]      
Accounts receivable - unrelated parties $ 137,165us-gaap_AccountsReceivableGross [1] $ 140,920us-gaap_AccountsReceivableGross [1]  
Notes receivable - unrelated parties 146,597us-gaap_NotesReceivableGross [2],[3] 128,068us-gaap_NotesReceivableGross [2],[3]  
Total accounts and notes receivable- unrelated parties 283,762caas_AccountsAndNotesReceivableGross 268,988caas_AccountsAndNotesReceivableGross  
Less: allowance for doubtful accounts- unrelated parties (1,414)us-gaap_AllowanceForDoubtfulAccountsReceivable (1,349)us-gaap_AllowanceForDoubtfulAccountsReceivable (1,266)us-gaap_AllowanceForDoubtfulAccountsReceivable
Accounts and notes receivable- unrelated parties 282,348caas_AccountsAndNotesReceivableUnrelatedParties 267,639caas_AccountsAndNotesReceivableUnrelatedParties  
Accounts and notes receivable - related parties 22,760caas_AccountsAndNotesReceivableRelatedParties 17,194caas_AccountsAndNotesReceivableRelatedParties  
Accounts and notes receivable, net $ 305,108us-gaap_AccountsAndNotesReceivableNet $ 284,833us-gaap_AccountsAndNotesReceivableNet  
[1] As of December 31, 2014, the Company has pledged $34.3 million of accounts receivable as security for its comprehensive credit facility with banks in China.
[2] Notes receivable represents accounts receivable in the form of bills of exchange whose acceptances and settlements are handled by banks.
[3] As of December 31, 2014, Henglong collateralized its notes receivable in an amount of RMB232.5 million (equivalent to approximately $38.0 million) as security for the credit facilities with banks in China and the Chinese government, including RMB201.8 million (equivalent to approximately $33.0 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 RMB30.7 million (equivalent to approximately $5.0 million) in favor of the Chinese government as security for the low-interest government loan (See Note 13). As of December 31, 2013, Henglong collateralized its notes receivable in an amount of RMB196.3 million (equivalent to approximately $32.2 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.”