Revenue Update on China Zenix Auto International Ltd(NYSE:ZX)

China Zenix Auto International Ltd(NYSE:ZX) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 18, 2016. Earnings per share were $0.01.

China Zenix Auto International Ltd (ZX) made into the market gainers list on Mondays trading session with the shares advancing 0.93% or 0.01 points. Due to strong positive momentum, the stock ended at $1.08, which is also near the day’s high of $1.124. The stock began the session at $1.06 and the volume stood at 13,546 shares. The 52-week high of the shares is $1.59 and the 52 week low is $0.43. The company has a current market capitalization of $56 M and it has 5,16,25,000 shares in outstanding.

China Zenix Auto International Limited is a commercial vehicle wheel manufacturer in both the aftermarket and original equipment manufacturer (OEM) markets in People’s Republic of China (PRC). The Company designs manufactures and sells steel wheels for commercial vehicles. It operates in three segments: PRC aftermarket sales PRC OEM sales and international sales. The PRC OEM sales segment includes the production and sales of steel wheels to vehicle manufacturers in the PRC. The PRC aftermarket sales segment includes the production and sales of steel wheels to distributors in the PRC. The International sales segment includes the production and sales of steel wheels to distributors and vehicle manufacturers outside the PRC. It offers around 615 series of tubed steel wheels (used for commercial vehicles using tires that contain a rubber inner tube) tubeless steel wheels (used for commercial vehicles using tubeless tires) and off-road steel wheels (used for off-road vehicles).

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