China Zenix Auto (ZX) Reports Q2 Loss $0.02/ADS, Revs Up 22%
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China Zenix Auto International Limited Reports 22% Revenue Growth in 2017 Second Quarter
August 25, 2017 6:00 AM EDTZHANGZHOU, China, Aug. 25, 2017 /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 ended June 30, 2017.
Financial Highlights
Second Quarter 2017:
Revenue was RMB781.0 million (US$115.2 million), up 22.1% year-over-year; Sales to the Chinese OEM market increased 76.8% year-over-year; Sales of aluminum wheels increased by 160.7% year-over-year; Gross margin was 11.0%; Net cash flow from... More