China Zenix Auto (ZX) Reports Q4 EPS of $0.03 on Revenues of $113.2M

Note: EPS may not be comparable

China Zenix Auto (NYSE: ZX) reported Q4 EPS of $0.03. Revenue for the quarter came in at $113.2 million, versus $0 reported last year.

Financial Highlights

Fourth Quarter 2017:

• Revenue was RMB736.3 million (US$113.2 million), up 24.4% year-over-year from RMB591.9 million in the fourth quarter of 2016;
• Sales to the Chinese OEM market increased by 55.6% year-over-year to RMB397.9 million (US$61.2 million) from RMB255.7 million in the fourth quarter of 2016;
• Tubeless steel wheel sales represented 43.2% of fourth quarter revenue compared to 35.4% in the fourth quarter of 2016;
• Aluminum wheel sales grew 28.1% year-over-year;
• Net profit and total comprehensive income was RMB9.5 million (US$1.5 million) with earnings per American Depositary Share ("ADS") of RMB0.18 (US$ 0.03) compared with net loss and total comprehensive loss of RMB11.6 million with loss per ADS of RMB0.23 in the fourth quarter of 2016;

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

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