China Zenix Auto (ZX) Swings to Q2 Loss

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China Zenix Auto International Limited Announces Financial Results for the Second Quarter of 2015

August 19, 2015 6:00 AM EDT

ZHANGZHOU, China, Aug. 19, 2015 /PRNewswire/ -- China Zenix Auto International Limited (NYSE: ZX) ("Zenix Auto" or "the Company"), the largest commercial vehicle wheel manufacturer in China in both the aftermarket and OEM market by sales volume, today announced its unaudited financial results for the second quarter and first six months ended June 30, 2015.

Financial Highlights

Second Quarter of 2015

Revenue of RMB657.4 million (US$106.0 million) compared with RMB959.7 million in the 2014 second quarter; Gross margin of 14.0%; Net loss and total... More