China Zenix Auto International Ltd

CIK:0001506756|SEC Filings

Consolidated Statements of Profit or Loss and Other Comprehensive Income (Loss) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020 CNY (¥) ¥ / shares	Dec. 31, 2020 USD ($) $ / shares	Dec. 31, 2019 CNY (¥) ¥ / shares	Dec. 31, 2018 CNY (¥) ¥ / shares
Profit or loss [abstract]
Revenue	¥ 1,769,478	$ 271,184	¥ 2,493,218	¥ 3,149,614
Cost of sales	(1,837,583)	(281,622)	(2,265,418)	(2,779,768)
Gross profit (loss)	(68,105)	(10,438)	227,800	369,846
Other income, gain and loss	10,825	1,659	17,320	16,089
Net exchange gain (loss)	(2,419)	(370)	494	1,250
Impairment charge on property, plant and equipment	(54,000)	(8,276)	0	0
Selling and distribution costs	(140,748)	(21,570)	(155,308)	(174,774)
Research and development expenses	(66,109)	(10,132)	(56,841)	(51,760)
Administrative expenses	(137,329)	(21,046)	(121,647)	(144,454)
Finance costs	(24,362)	(3,734)	(24,435)	(23,210)
Loss before taxation	(482,247)	(73,907)	(112,617)	(7,013)
Income tax (expense) credit	83,201	12,751	7,747	(969)
Loss and total comprehensive loss for the year	(399,046)	(61,156)	(104,870)	(7,982)
Loss and total comprehensive loss attributable to:
Owners of the Company	¥ (399,046)	$ (61,156)	¥ (104,870)	¥ (7,982)
Loss per share
Basic \| (per share)	¥ (1.93)	$ (0.30)	¥ (0.51)	¥ (0.04)
Diluted \| (per share)	¥ (1.93)	$ (0.30)	¥ (0.51)	¥ (0.04)

Consolidated Statements of Cash Flows ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 CNY (¥)
OPERATING ACTIVITIES
Loss before taxation	¥ (482,247)	$ (73,907)	¥ (112,617)	¥ (7,013)
Amortization of prepaid lease payments	0	0	0	9,425
Depreciation of property, plant and equipment	130,798	20,046	136,572	146,075
Depreciation of right-of-use assets	9,425	1,444	9,425	0
Impairment charge on property, plant and equipment	54,000	8,276	0	0
Release of deferred income	(796)	(122)	(797)	(797)
Finance costs	24,362	3,734	24,435	23,210
Interest income	(10,453)	(1,602)	(11,894)	(11,931)
Loss on disposal of property, plant and equipment	1,794	275	574	18,512
Operating cash flows before movements in working capital	(273,117)	(41,856)	45,698	177,481
Decrease in inventories	39,290	6,021	42,470	5,923
Decrease (increase) in trade and other receivables and prepayments	(29,726)	(4,556)	180,988	125,952
Increase (decrease) in trade and other payables and accruals	74,549	11,425	(208,572)	(13,472)
Cash generated from (used in) operations	(189,004)	(28,966)	60,584	295,884
Interest received	10,535	1,615	11,936	11,651
PRC income tax paid	(982)	(150)	(9,571)	(17,268)
NET CASH FROM (USED IN) OPERATING ACTIVITIES	(179,451)	(27,501)	62,949	290,267
INVESTING ACTIVITIES
Purchase of property, plant and equipment	(44,192)	(6,773)	(15,218)	(11,180)
Deposits paid for acquisition of property, plant and equipment	(23,004)	(3,525)	(153,568)	0
Withdrawal of pledged bank deposits	0	0	18,600	7,900
Placement of pledged bank deposits	(11,100)	(1,701)	0	(6,200)
Proceeds on disposal of property, plant and equipment	503	77	54	11,142
Placement of fixed bank deposits with maturity periods over three months	(580,000)	(88,889)	(580,000)	(580,000)
Withdrawal of fixed bank deposits with maturity periods over three months	580,000	88,889	580,000	580,000
NET CASH FROM (USED IN) INVESTING ACTIVITIES	(77,793)	(11,922)	(150,132)	1,662
FINANCING ACTIVITIES
New bank borrowings raised	558,000	85,517	558,000	473,000
Repayment of bank borrowings	(558,000)	(85,517)	(473,000)	(558,000)
Advance from a shareholder	3,989	611	6,711	1,865
Repayment to a shareholder	(14,546)	(2,229)	(6,065)	(696)
Interest paid	(24,382)	(3,737)	(24,323)	(24,477)
NET CASH (USED IN) FROM FINANCING ACTIVITIES	(34,939)	(5,355)	61,323	(108,308)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(292,183)	(44,778)	(25,860)	183,621
Effect of foreign exchange rate	1,633	250	(550)	(1,983)
CASH AND CASH EQUIVALENTS AT BEGINNING OF THE YEAR	906,840	138,979	933,250	751,612
CASH AND CASH EQUIVALENTS AT END OF THE YEAR	¥ 616,290	$ 94,451	¥ 906,840	¥ 933,250

Consolidated Statements of Financial Position ¥ in Thousands, $ in Thousands	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)
Current assets
Inventories	¥ 90,351	$ 13,847	¥ 129,641
Trade and other receivables and prepayments	617,328	94,610	596,359
Pledged bank deposits	26,000	3,985	14,900
Fixed bank deposits with maturity periods over three months	290,000	44,444	290,000
Bank balances and cash	616,290	94,451	906,840
Total current assets	1,639,969	251,337	1,937,740
Non-current assets
Property, plant and equipment	960,453	147,196	1,076,731
Right-of-use assets	348,174	53,360	357,599
Long term prepayments	12,000	1,839	0
Deferred tax assets	117,846	18,061	54,641
Deposits paid for acquisition of property, plant and equipment	62,083	9,515	61,618
Intangible assets	17,000	2,605	17,000
Total non-current assets	1,517,556	232,576	1,567,589
Total assets	3,157,525	483,913	3,505,329
Current liabilities
Trade and other payables and accruals	489,380	75,001	410,764
Amount due to a shareholder	0	0	10,557
Taxation payable	0	0	982
Short-term bank borrowings	558,000	85,517	558,000
Total current liabilities	1,047,380	160,518	980,303
Non-current liabilities
Deferred income	5,310	814	6,106
Deferred tax liabilities	70,111	10,745	85,150
Total non-current liabilities	75,421	11,559	91,256
Total liabilities	1,122,801	172,077	1,071,559
EQUITY
Share capital (US$0.0001 par value, 500,000,000 shares authorized, 206,500,000 shares issued and outstanding as of December 31, 2019 and 2020)	136	21	136
Additional paid in capital	392,076	60,088	392,076
Reserves	1,642,512	251,727	2,041,558
Total equity attributable to owners of the Company	2,034,724	311,836	2,433,770
Total equity and liabilities	¥ 3,157,525	$ 483,913	¥ 3,505,329