China Zenix Auto International Limited reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2017. For the quarter, the company reported revenue of RMB 736,284,000 against RMB 591,888,000 a year ago. The increase in revenue on a year-over-year basis was mainly driven by increased demand for new trucks, especially heavy- and medium-duty trucks, due to the combined effects of the Government's anti-overloading policy and increased development of infrastructure and residential properties in China. Profit before taxation was RMB 13,010,000 against loss before taxation of RMB 13,327,000 a year ago. Profit and total comprehensive income was RMB 9,497,000 or RMB 0.05 per basic and diluted share against loss and total comprehensive loss of RMB 11,627,000 or RMB 0.06 per basic and diluted share a year ago. Basic and diluted earnings per ADS was RMB 0.18 against basic and diluted loss per ADS of RMB 0.23 a year ago. Net cash outflows from operating activities of RMB 41.8 million. Capital expenditures for the purchase of property, plant and equipment were RMB 0.4 million.

For the year, the company reported revenue of RMB 2,830,987,000 against RMB 2,249,533,000 a year ago. Profit before taxation was RMB 16,441,000 against loss before taxation of RMB 25,572,000 a year ago. Profit and total comprehensive income was RMB 9,052,000 or RMB 0.04 per basic and diluted share against loss and total comprehensive loss of RMB 25,924,000 or RMB 0.13 per basic and diluted share a year ago. Basic and diluted earnings per ADS was RMB 0.18 against basic and diluted loss per ADS of RMB 0.50 a year ago. Net cash used in operating activities was RMB 91,212,000. Purchase of property, plant and equipment of RMB 35,617,000.

The company has budgeted for 2018 in terms of CapEx, it will be in an area of RMB 40 million to RMB 50 million for 2018.