SEC Info℠ | Home | Search | My Interests | Help | Sign In | Please Sign In | ||||||||||||||||||||
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 5/26/21 China Zenix Auto Int’l Ltd. 6-K 5/26/21 2:182K K&L Gates LLP/DC/FA |
Document/Exhibit Description Pages Size 1: 6-K Current, Quarterly or Annual Report by a Foreign HTML 10K Issuer 2: EX-99.1 Miscellaneous Exhibit HTML 71K
•
|
Total unit sales in the OEM market increased by 79.1% year-over-year as a result of a significant increase in the Company’s wheel sales during the
first quarter of 2021, especially in the heavy- and medium-duty categories;
|
•
|
Net loss and total comprehensive loss for the first quarter of 2021 was RMB128.4 million (US$19.6 million);
|
•
|
As of March 31, 2021, Zenix Auto had bank balances and cash of RMB528.2 million (US$80.6 million) and fixed bank deposits with a maturity period
over three months of RMB210.0 million (US$32.1 million), which were equivalent to RMB14.3 (US$2.18) in cash and fixed bank deposits per
American Depositary Share (“ADS”);
|
•
|
Total equity attributable to owners of the Company was RMB1,906.3 million (US$291.0 million) as of March 31, 2021.
|
Three Months Ended March 31,
|
|||||||
2021
|
2021
|
||||||
RMB' 000
|
RMB' 000
|
US$' 000
|
|||||
Revenue
|
320,783
|
397,280
|
60,637
|
||||
Cost of sales
|
(322,874)
|
(459,097)
|
(70,072)
|
||||
Gross loss
|
|
(2,091)
|
|
(61,817)
|
|
(9,435)
|
|
Other operating income
|
3,059
|
3,212
|
490
|
||||
Net exchange gain (loss)
|
72
|
(15)
|
(2)
|
||||
Selling and distribution costs
|
(25,565)
|
(34,633)
|
(5,286)
|
||||
Research and development expenses
|
(11,855)
|
(18,402)
|
(2,809)
|
||||
Administrative expenses
|
(31,217)
|
(37,659)
|
(5,748)
|
||||
Finance costs
|
(5,985)
|
(5,707)
|
(871)
|
||||
Loss before taxation
|
|
(73,582)
|
|
(155,021)
|
(23,661)
|
|
|
Income tax credit
|
13,018
|
26,575
|
4,056
|
||||
Loss and total comprehensive loss
for the period
|
|
(60,564)
|
(128,446)
|
(19,605)
|
|||
Loss per share
|
|||||||
Basic
|
(0.29)
|
(0.62)
|
(0.09)
|
||||
Diluted
|
(0.29)
|
(0.62)
|
(0.09)
|
||||
Loss per ADS
|
|||||||
Basic
|
(1.17)
|
(2.49)
|
(0.38)
|
||||
Diluted
|
|
(1.17)
|
(2.49)
|
(0.38)
|
|||
Shares
|
206,500,000
|
206,500,000
|
206,500,000
|
||||
ADSs
|
51,625,000
|
51,625,000
|
51,625,000
|
RMB'000
|
RMB'000
|
US$' 000
|
||||
ASSETS
|
||||||
Current Assets
|
||||||
Inventories
|
90,351
|
170,735
|
26,059
|
|||
Trade and other receivables and prepayments
|
|
617,328
|
|
581,500
|
88,754
|
|
Pledged bank deposits
|
26,000
|
25,000
|
3,816
|
|||
Fixed bank deposits with maturity period over three months
|
290,000
|
210,000
|
32,052
|
|||
Bank balances and cash
|
616,290
|
528,203
|
80,620
|
|||
Total current assets
|
|
1,639,969
|
|
1,515,438
|
|
231,301
|
Non-Current Assets
|
||||||
Property, plant and equipment
|
960,453
|
993,874
|
151,695
|
|||
Right-of-use assets
|
348,174
|
345,818
|
52,782
|
|||
Deposit paid for acquisition of property, plant
and equipment
|
62,083
|
3,720
|
568
|
|||
Deferred tax assets
|
117,846
|
144,540
|
22,061
|
|||
Intangible assets
|
17,000
|
17,000
|
2,594
|
|||
Long term prepayments
|
12,000
|
11,000
|
1,679
|
|||
Total non-current assets
|
|
1,517,556
|
|
1,515,952
|
|
231,379
|
Total assets
|
|
3,157,525
|
|
3,031,390
|
|
462,680
|
EQUITY AND LIABILITIES
|
||||||
Current Liabilities
|
||||||
Trade and other payables and accruals
|
489,380
|
491,771
|
75,059
|
|||
Bank borrowings
|
558,000
|
558,000
|
85,167
|
|||
Total current liabilities
|
|
1,047,380
|
|
1,049,771
|
|
160,226
|
Deferred tax liabilities
|
70,111
|
70,230
|
10,719
|
|||
Deferred income
|
5,310
|
5,111
|
780
|
|||
Total non-current liabilities
|
|
75,421
|
|
75,341
|
|
11,499
|
Total liabilities
|
|
1,122,801
|
|
1,125,112
|
|
171,725
|
EQUITY
|
||||||
Share capital
|
136
|
136
|
21
|
|||
Paid in capital
|
392,076
|
392,076
|
59,842
|
|||
Reserves
|
1,642,512
|
1,514,066
|
231,092
|
|||
Total equity attributable to owners of the company
|
|
2,034,724
|
|
1,906,278
|
|
290,955
|
Total equity and liabilities
|
|
3,157,525
|
|
3,031,390
|
|
462,680
|
Three Months Ended
|
||||||
OPERATING ACTIVITIES
|
||||||
RMB' 000
|
US$' 000
|
|||||
Loss before taxation
|
(155,021)
|
(23,661)
|
||||
Adjustments for:
|
||||||
Depreciation of right-of-use assets
|
2,356
|
360
|
||||
Depreciation of property, plant and equipment
|
29,526
|
4,507
|
||||
Release of deferred income
|
(199)
|
(30)
|
||||
Finance costs
|
5,707
|
871
|
||||
Loss on disposal of property, plant and equipment
|
17
|
3
|
||||
Interest income
|
(2,379)
|
(363)
|
||||
Operating cash flows before movements in working capital
|
(119,993)
|
|
(18,313)
|
|||
Increase in inventories
|
(80,384)
|
(12,269)
|
||||
Decrease in trade and other receivables and
prepayments
|
36,763
|
5,611
|
||||
Increase in trade and other payables and accruals
|
2,344
|
358
|
||||
Cash used in operations
|
(161,270)
|
|
(24,613)
|
|||
Interest received
|
2,532
|
386
|
||||
NET CASH USED IN OPERATING
ACTIVITIES
|
(158,738)
|
|
(24,227)
|
|||
INVESTING ACTIVITIES
|
||||||
Purchase of property, plant and equipment
|
(829)
|
(127)
|
||||
Withdrawal of pledged bank deposits
|
150,000
|
22,894
|
||||
Placement of pledged bank deposits
|
(149,000)
|
(22,742)
|
||||
Proceeds on disposal of property, plant and equipment
|
26
|
4
|
||||
Deposits paid for acquisition of property, plant and equipment
|
(3,720)
|
(568)
|
||||
Placement of fixed bank deposits with maturity periods
over three months
|
(80,000)
|
(12,210)
|
||||
Withdrawal of fixed bank deposits with maturity periods
over three months
|
160,000
|
24,421
|
||||
NET CASH FROM INVESTING
ACTIVITIES
|
76,477
|
|
11,672
|
|||
FINANCING ACTIVITIES
|
||||||
New bank borrowings raised
|
340,000
|
51,894
|
||||
Repayment of bank borrowings
|
(340,000)
|
(51,894)
|
||||
Interest paid
|
(5,738)
|
(876)
|
||||
NET CASH USED IN FINANCING
ACTIVITIES
|
(5,738)
|
|
(876)
|
|||
NET DECREASE IN CASH AND CASH EQUIVALENTS
|
(87,999)
|
|
(13,431)
|
|||
Cash and cash equivalents at beginning of the year
|
616,290
|
94,064
|
||||
Effect of foreign exchange rate changes
|
(88)
|
(13)
|
||||
Cash and cash equivalents at end of the year
|
528,203
|
|
80,620
|
|||
This ‘6-K’ Filing | Date | Other Filings | ||
---|---|---|---|---|
6/26/21 | ||||
Filed on / For Period end: | 5/26/21 | |||
3/31/21 | 6-K | |||
12/31/20 | 20-F | |||
3/31/20 | ||||
List all Filings |