China Zenix (ZX) Affirms FY11 Revs Outlook
Tweet
Share
E-mailGet Alerts ZX Hot Sheet
Join SI Premium – FREE
China Zenix Auto International Limited (NYSE: ZX) management is confirming revenue guidance of approximately RMB 4 billion for the 2011 year ending December 31st.
In January 2011, Zenix Auto introduced its patented "Bridge Arc" wheel, which is based on an architectural design borrowed from the legendary thousand-year-old stone bridge in Northern China. This new wheel design features heightened strength with substantially lighter weight, providing fuel savings for truck operators in a rising fuel environment.
Monthly unit sales have experienced vigorous growth from approximately 3,500 units in April 2011 to nearly 60,000 in October 2011 with a further increase to almost 63,400 units in November 2011.
In January 2011, Zenix Auto introduced its patented "Bridge Arc" wheel, which is based on an architectural design borrowed from the legendary thousand-year-old stone bridge in Northern China. This new wheel design features heightened strength with substantially lighter weight, providing fuel savings for truck operators in a rising fuel environment.
Monthly unit sales have experienced vigorous growth from approximately 3,500 units in April 2011 to nearly 60,000 in October 2011 with a further increase to almost 63,400 units in November 2011.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- BJ's Wholesale Club (BJ) Tops Q2 EPS by 19c, Beats on Revenue; Offers FY27 EPS Guidance
- ATRenew Inc (RERE) Tops Q2 EPS by 8c ; Offers Guidance
- La-Z-Boy (LZB) Misses Q1 EPS by 6c, Misses on Revenue; Offers Weak Q2 Revenue Guidance
Create E-mail Alert Related Categories
GuidanceSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
