China Zenix Auto (ZX) Reports Q1 Loss of RMB0.06/Share

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China Zenix Auto International Limited Reports 2016 First Quarter Results

May 19, 2016 6:00 AM EDT

ZHANGZHOU, China, May 19, 2016 /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 first quarter ended March 31, 2016.

Financial Highlights

First Quarter 2016:

Revenue was RMB525.4 million (US$81.5 million) compared with RMB722.3 million in the first quarter of 2015; Gross margin was 19.1% up from 13.7% in the first quarter of 2015; Net loss and total comprehensive loss... More