China Zenix Auto (ZX) Reports Q3 Loss of $0.02 on Revenues of $96.7M

China Zenix Auto (NYSE: ZX) reported Q3 EPS of ($0.02). Revenue for the quarter came in at $96.7 million, versus $0 reported last year.

Financial Highlights

Third Quarter 2017:

• Revenue was RMB643.4 million (US$96.7 million), up 30.6% year-over-year from RMB492.7 million in the third quarter of 2016;
• Sales to the Chinese OEM market increased by 94.6% year-over-year to RMB353.5 million (US$53.1 million) from RMB181.7 million in the same quarter of 2016;
• Gross profit was RMB81.5 million (US$12.2 million), flat year-over-year from RMB81.1 million in the third quarter of 2016;
• Net loss and total comprehensive loss was RMB5.4 million (US$0.8 million) with loss per American Depositary Share ("ADS") of RMB0.11 (US$ 0.02), compared with net loss and total comprehensive loss of RMB16.0 million and loss per ADS of RMB0.31 in the third quarter of 2016;
• Net cash flow from operating activities was RMB60.1 million (US$9.0 million).

For earnings history and earnings-related data on China Zenix Auto (ZX) click here.

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