China Zenix Auto (ZX) Reports Q3 Loss of $0.46/ADS

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

December 9, 2015 4:30 AM EST

ZHANGZHOU, China, Dec. 9, 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 third quarter and first nine months ended September 30, 2015.

Financial Highlights

Third Quarter 2015:

Revenue was RMB478.6 million (US$75.3 million) compared with RMB694.9 million in the 2014 third quarter; Gross margin of 12.5%; Net loss and total comprehensive loss for the period was... More