CEO’s video series boosts morale, engagement

Down in a basement at a Hamilton Health Sciences hospital, a long-term employee worked in a lab just across the hall from the Medical Device Reprocessing Department.

But she had never learned about what happened behind the doors of the neighboring department until CEO Rob MacIsaac filmed a video there.

„I’ve worked here for 13 years, and before I saw that I had no idea what they did beyond those doors,” she told digital communications lead Scott Levely.

Her reaction illustrates why the video series „Teach Rob Your Job” has been popular with executives, communicators and employees alike at the seven-hospital group serving south-central Ontario.

Communications records video as the top dog learns about the daily jobs of individual specialists and others. This allows staffers find out about each others’ work and helps create dual-purpose content—in addition to being shared internally, it’s also placed on an outward-facing platform of Vimeo.

„It’s turned into a bit of a cross-hospital and cross-discipline education tool so people better understand what others in the hospital are doing,” Levely says.

In one recent video, MacIsaac learned about cardiac surgery. In another, he explored transfusion medicine. In the most recent video, he delved into what volunteers were up to at the hospital group.

[embedded content]

Rob learns about our volunteers at HHS from Hamilton Health Sciences on Vimeo.

The video series was born of an awareness shared by many organizations, particularly ones that have expanded or merged. Often there is a gap between execs and frontline staff members, and geographically isolated organizations especially experience that phenomenon.

[RELATED: Join us in Arizona, and learn how to build and maintain a great company culture through growth and change.]

Countering the ‚watered-down brand’

Hamilton Health Sciences has merged with several hospital groups over the years, Levely says, and „with that amalgamation comes a bit of a watered-down brand or a lack of identity.” Workers tend to identify with their individual hospital („I work for Juravinski„) rather than the brand.

MacIsaac sought to counter that impression as the greater organization emphasized that all its hospitals provide the same level of care and patient experience. The videos are helping close feelings of disconnection to the greater brand, Levely says.

„It’s creating a stronger brand, that consistent experience . . . regardless of where you’re located in the city,” he says.

Hamilton Health Sciences is a significant presence in Ontario. It reportedly boasts the province’s largest hospital workforce, with more than 15,000 staff, physicians and volunteers. The group is also ranked as one of Canada’s top five research hospitals, with more than 2,000 specialists conducting research in over 1,500 centers across 86 countries worldwide, Levely says.

Hospitals are filled with inspiring stories, and MacIsaac finds them in a number of videos. One is titled, „Rob visits our tiniest patients in the NICU,” and takes the boss into a Neonatal Intensive Care Unit. Rather than deliver a corporate message, he’s there to learn.

„This is Erin. She was born at 32 weeks, so pretty premature,” a nurse tells MacIsaac.

[embedded content]

Rob visits our tiniest patients in the NICU from Hamilton Health Sciences on Vimeo.

Each video ends with a moment of reflection from MacIsaac. In the video of the premature infants, he says the unit is „trying to, as much as possible, create those special moments that every parent wants to have with their child. I think it NICU is something we can all be really proud of at Hamilton Health Sciences.”

Another video, titled, „Rob Learns About Occupational Therapy,” offers the CEO a chance to salute the specialists who provide rehabilitation therapy for patients who use wheelchairs or are otherwise in need of care.

[embedded content]

Rob Learns About Occupational Therapy from Hamilton Health Sciences on Vimeo.

He also learns the role of clinical managers and pays a visit to prosthetics.

[embedded content]

Rob visits Prosthetics & Orthotics at Chedoke from Hamilton Health Sciences on Vimeo.

A culture of pride

In the OT video, MacIsaac says one big takeaway „is how extensively occupational therapists are involved in all of our patient populations from the smallest baby through to folks . . . who are at the very other end of their lives. They play such a key role here at Hamilton Health Sciences.”

Levely says the videos help build a culture of pride and heighten the perception that the chief executive is accessible. Because of the series, he can walk into any hospital and be recognized by employees.

„He likes it because it breaks down the barriers that exist between the front lines and the CEO,” he says. „People watch these videos and they feel like they know him a little bit. It’s a lot easier to approach the guy and say hi when you pass him in the hallway because you know who he is.”

There is no screening process for staffers who’d like a turn as a video star. Levely says anyone can request that MacIsaac drop by for an interview. By not hand-picking those who participate, it builds a sense of genuineness in the communications.

Says Levely, „It’s the way that we provide care to our community, and the experience our community has when they’re interacting with us.”

@byworking

(Image via)

Lindsay Corporation Reports Fiscal 2017 Second Quarter Results

OMAHA, Neb.–(BUSINESS WIRE)–Lindsay Corporation (NYSE: LNN), a leading provider of irrigation systems and infrastructure products, today announced results for its second quarter ended February 28, 2017.

Second Quarter Results

Second quarter fiscal 2017 revenues were $124.1 million compared to revenues of $120.6 million in the prior year’s second quarter. Net earnings for the quarter were $5.0 million or $0.47 per diluted share compared with a net loss of $4.1 million or $0.37 per diluted share in the second quarter of the prior year. The prior year period included $13.0 million of environmental remediation expenses which, on an after-tax basis, reduced net earnings by $8.5 million, or $0.78 per diluted share.

Irrigation segment revenues for the second quarter increased three percent to $106.2 million from $103.1 million in the prior year’s second quarter. U.S. irrigation revenues of $61.5 million declined 15 percent, as harsh winter weather conditions in the Northwest resulted in lower irrigation equipment unit volume and lower revenue from other irrigation businesses. International irrigation revenues were $44.7 million, an increase of 46 percent compared to the second quarter of the prior year, driven primarily by improved demand and project activity in South America, Africa and the Commonwealth of Independent States region. Infrastructure segment revenues for the second quarter increased two percent to $17.9 million, as increased demand for road safety products and higher Road Zipper® system sales and lease revenue was offset in part by a decline in sales volume for rail products.

Gross margin for the second quarter of fiscal 2017 was 26.5 percent of sales compared to 26.9 percent of sales in the prior year’s second quarter. Improved margin in the infrastructure segment was more than offset by lower margin in the irrigation segment, as improved U.S. irrigation margin was offset by a higher mix of international revenue at comparatively lower margins. Improved infrastructure margin resulted from increased cost absorption in Road Zipper® system production and volume leverage from road safety product sales.

Operating expenses for the second quarter of fiscal 2017 were $24.4 million, a decrease of $12.7 million compared to the second quarter in the prior year. Excluding the impact of the environmental remediation expenses in the prior year’s second quarter, operating expenses were slightly higher in the current year primarily due to increased new product development and testing costs. Operating expenses were 19.7 percent of sales in the second quarter of fiscal 2017 compared with 30.8 percent of sales in the second quarter of the prior year. Operating margins were 6.9 percent in the second quarter of fiscal 2017, unchanged compared to the second quarter of the prior year after excluding the environmental expenses.

Cash and cash equivalents at the end of the second quarter were $102.8 million compared to $101.2 million at the end of the prior fiscal year and $89.5 million at the end of the prior year’s second quarter. There were no share repurchases made during the second quarter of fiscal 2017. A total of $63.7 million remains available under the Company’s share repurchase program as of February 28, 2017.

The backlog of unshipped orders at February 28, 2017 was $62.3 million compared with $52.6 million at February 29, 2016. Order backlogs were improved in both the irrigation and infrastructure in comparison to the prior year.

Six Month Results

Total revenues for the six months ended February 28, 2017 were $234.5 million, a decrease of three percent compared to $242.2 million in the same prior year period. Net earnings were $5.9 million or $0.55 per diluted share compared with $2.8 million or $0.25 per diluted share in the prior year.

Irrigation segment revenues decreased four percent to $196.1 million for the six months ended February 28, 2017 from $204.4 million in the same prior year period, as U.S. irrigation revenues of $111.8 million decreased 15 percent and international irrigation revenues of $84.3 million increased 16 percent. Infrastructure segment revenues increased two percent to $38.4 million for the six months ended February 28, 2017, as increased demand for road safety products was offset in part by a decline in sales volume for rail products.

Outlook

Rick Parod, President and Chief Executive Officer, commented, “In the irrigation segment, orders and project levels improved in the second quarter after experiencing a slow start to the year in the first quarter. Strong sales growth in international irrigation reflects improving demand and increased project activity. I am pleased with the U.S. irrigation gross margin improvement achieved, especially in view of raw material inflation experienced in the quarter. In the infrastructure segment, second quarter revenues were modestly improved over the prior year in a seasonally lower period, and we continue to see improved operating performance in the segment.”

Parod continued, “We are currently in the midst of the primary selling season for irrigation equipment in North America where overall market conditions, affected by lower commodity prices and reduced farm incomes, are resulting in seasonal demand similar to the prior year. I am encouraged by the improving activity levels we are seeing in the international irrigation and infrastructure markets. The longer-term drivers for our markets of population growth, expanded food production and efficient water use, and infrastructure upgrades and expansion support our expectations for growth.”

Second-Quarter Conference Call

Lindsay’s fiscal 2017 second quarter investor conference call is scheduled for 11:00 a.m. Eastern Time today. Interested investors may participate in the call by dialing (888) 321-8161 in the U.S., or (706) 758-0065 internationally, and referring to conference ID # 90564253. Additionally, the conference call will be simulcast live on the Internet, and can be accessed via the investor relations section of the Company’s Web site, www.lindsay.com. Replays of the conference call will remain on our Web site through the next quarterly earnings release. The Company will have a slide presentation available to augment management’s formal presentation, which will also be accessible via the Company’s Web site.

About the Company

Lindsay manufactures and markets irrigation equipment primarily used in agricultural markets which increase or stabilize crop production while conserving water, energy, and labor. The Company also manufactures and markets infrastructure and road safety products under the Lindsay Transportation Solutions trade name. At February 28, 2017, Lindsay had approximately 10.7 million shares outstanding, which are traded on the New York Stock Exchange under the symbol LNN.

For more information regarding Lindsay Corporation, see the Company’s Web site at www.lindsay.com.

Concerning Forward-looking Statements

This release contains forward-looking statements that are subject to risks and uncertainties and which reflect management’s current beliefs and estimates of future economic circumstances, industry conditions, company performance and financial results. You can find a discussion of many of these risks and uncertainties in the annual, quarterly and current reports that the Company files with the Securities and Exchange Commission. Forward-looking statements include information concerning possible or assumed future results of operations and planned financing of the Company and those statements preceded by, followed by or including the words “anticipate,” “estimate,” “believe,” “intend,” „expect,” „outlook,” „could,” „may,” „should,” “will,” or similar expressions. For these statements, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The Company undertakes no obligation to update any forward-looking information contained in this press release.

               
 
Lindsay Corporation and Subsidiaries

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(unaudited)
 
Three months ended Six months ended
(in thousands, except per share amounts)

February 28,
2017

February 29,
2016

February 28,
2017

February 29,
2016

 
Operating revenues $ 124,125 $ 120,573 $ 234,515 $ 242,195
Cost of operating revenues   91,184     88,128     173,200     175,336  
Gross profit   32,941     32,445     61,315     66,859  
 
Operating expenses:
Selling expense 10,132 10,363 20,114 20,355
General and administrative expense 10,230 23,028 21,585 32,043
Engineering and research expense   4,057     3,748     8,359     7,407  
Total operating expenses   24,419     37,139     50,058     59,805  
 
Operating income (loss) 8,522 (4,694 ) 11,257 7,054
 
Interest expense (1,201 ) (1,201 ) (2,410 ) (2,397 )
Interest income 171 229 336 393

Other income (expense), net

  144     (527 )   (212 )   (847 )
 
Earnings (loss) before income taxes 7,636 (6,193 ) 8,971 4,203
 
Income tax expense (benefit)   2,624     (2,064 )   3,086     1,388  
 
Net earnings (loss) $ 5,012   $ (4,129 ) $ 5,885   $ 2,815  
 
Earnings (loss) per share:
Basic $ 0.47 $ (0.37 ) $ 0.55 $ 0.25
Diluted $ 0.47 $ (0.37 ) $ 0.55 $ 0.25
 
Shares used in computing earnings (loss) per share:
Basic 10,657 11,024 10,647 11,142
Diluted 10,674 11,024 10,670 11,163
 
Cash dividends declared per share $

0.29

$

0.28

$

0.58

$

0.56

           
 
Lindsay Corporation and Subsidiaries
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)
 
February 28, February 29, August 31,
(in thousands) 2017 2016 2016
 
ASSETS
Current assets:
Cash and cash equivalents $ 102,825 $ 89,522 $ 101,246
Restricted cash 2,028 2,030
Receivables, net 78,828 79,225 80,610
Inventories, net 82,847 82,078 74,750
Prepaid expenses 5,208 4,418 3,671
Other current assets   15,968     12,802     14,468  
Total current assets   285,676     270,073     276,775  
 
Property, plant and equipment, net 75,632 78,916 77,627
Intangibles, net 44,890 49,475 47,200
Goodwill 76,577 76,628 76,803
Deferred income tax assets 3,094 3,108 4,225
Other noncurrent assets, net   4,747     5,070     4,885  
Total assets $ 490,616   $ 483,270   $ 487,515  
 
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable $ 44,254 $ 36,371 $ 32,268
Current portion of long-term debt 199 195 197
Other current liabilities   46,350     47,971     55,395  
Total current liabilities   90,803     84,537     87,860  
 
Pension benefits liabilities 6,708 6,431 6,869
Long-term debt 116,876 117,075 116,976
Deferred income tax liabilities 1,678 1,020 1,223
Other noncurrent liabilities   20,995     22,588     23,020  
Total liabilities   237,060     231,651     235,948  
 
Shareholders’ equity:
Preferred stock
Common stock 18,746 18,713 18,713
Capital in excess of stated value 59,002 55,908 57,338
Retained earnings 466,630 455,535 466,926
Less treasury stock – at cost (277,238 ) (261,118 ) (277,238 )
Accumulated other comprehensive loss, net   (13,584 )   (17,419 )   (14,172 )
Total shareholders’ equity   253,556     251,619     251,567  
Total liabilities and shareholders’ equity $ 490,616   $ 483,270   $ 487,515  
       
 
Lindsay Corporation and Subsidiaries

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(unaudited)
 
(in thousands) Six months ended

February 28,
2017

February 29,
2016

CASH FLOWS FROM OPERATING ACTIVITIES:
Net earnings $ 5,885 $ 2,815

Adjustments to reconcile net earnings to net cash provided by operating activities:

Depreciation and amortization 8,120 8,536
Provision for uncollectible accounts receivable (609 ) (1,103 )
Deferred income taxes 1,707 (4,163 )
Share-based compensation expense 1,815 1,534
Other, net (594 ) 1,828
Changes in assets and liabilities:
Receivables 2,710 (5,220 )
Inventories (7,368 ) (8,094 )
Other current assets 3,375 (1,779 )
Accounts payable 11,926 (2,247 )
Other current liabilities (8,135 ) (5,273 )
Current taxes payable (5,987 ) (3,641 )
Other noncurrent assets and liabilities   (2,123 )   11,833  
Net cash provided by (used in) operating activities   10,722     (4,974 )
 
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment (4,194 ) (7,392 )
Proceeds from settlement of net investment hedges 2,054 2,317
Payments for settlement of net investment hedges (482 ) (512 )
Other investing activities, net   136     1,073  
Net cash used in investing activities   (2,486 )   (4,514 )
 
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from exercise of stock options 647 113
Common stock withheld for payroll tax withholdings (635 ) (712 )
Principal payments on long-term debt (98 ) (96 )
Repurchase of common shares (32,215 )
Dividends paid   (6,181 )   (6,183 )
Net cash used in financing activities   (6,267 )   (39,093 )
 
Effect of exchange rate changes on cash and cash equivalents   (390 )   (990 )
Net change in cash and cash equivalents 1,579 (49,571 )
Cash and cash equivalents, beginning of period   101,246     139,093  
Cash and cash equivalents, end of period $ 102,825   $ 89,522  

Baby Clothes, Bed Linen and Thermal Underwear Sales Global Market Research Report 2017

Market Research Report 2017

Wise.Guy.

PUNE, MAHARASHTRA, INDIA, March 30, 2017 /EINPresswire.com/ —

Global Baby Clothes Sales Market Report 2017

SUMMARY

In this report, the global Baby Clothes market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.

Global Baby Clothes market competition by top manufacturers/players, with Baby Clothes sales volume, Price (USD/Unit), revenue (Million USD) and market share for each manufacturer/player; the top players including

Carters
JoynCleon
H&M
JACADI
GAP
Gymboree
OKAIDI
Catimini
BOBDOG
Nike
Benetton
Mothercare
Name it
Nishimatsuya
Les Enphants
Oshkosh
Adidas
Disney
Annil
MIKI HOUSE
Other
…CONTINUED
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Global Bed Linen Sales Market Report 2017
SUMMARY
In this report, the global Bed Linen market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.
Global Bed Linen market competition by top manufacturers/players, with Bed Linen sales volume, Price (USD/Unit), revenue (Million USD) and market share for each manufacturer/player; the top players including
CottonCloud
Maytex
Pierre Cardin
Sheraton
Spin Linen
Mungo
Williams-Sonoma
Madison Park
Waverly
Laural Ashley Home
Chic Home
Luxury Home
Adrienne Vittadini

…CONTINUED

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Global Thermal Underwear Sales Market Report 2017

SUMMARY

In this report, the global Thermal Underwear market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.

Global Thermal Underwear market competition by top manufacturers/players, with Thermal Underwear sales volume, Price (USD/Unit), revenue (Million USD) and market share for each manufacturer/player; the top players including

Adidas
Alfani
Calvin Klein
Champion
Emporio Armani
ExOfficio
Fruit of the Loom
Hanes
Jockey
L.L.Bean
Patagonia
SmartWool
Under Armour
Vanity Fair

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Norah Trent
wiseguyreports
+1 646 845 9349 / +44 208 133 9349
email us here

Noble Enters Binding Letter of Intent to Vend its Wawa-Holdsworth Project Interest to MacDonald Mines

Toronto, Ontario / TheNewswire / March 30, 2017 – Noble Mineral Exploration Inc. („Noble” or the „Company”) (TSX-V:NOB, FRANKFURT: NB7, OTC.PK:NLPXF) is pleased to announce that it has signed a binding Letter of Intent („LOI”) with MacDonald Mines Exploration Ltd. (TSX-V: BMK) („MacDonald Mines”, „MacDonald”) to acquire all of Noble’s interest in the Holdsworth property (the „Property”), located 25 kilometres northeast of Wawa, Ontario. MacDonald previously entered into an Option and Joint Venture („JV”) agreement with Noble on December 7, 2016 to advance exploration on the Holdsworth property. The LOI supersedes the JV agreement.

LOI Highlights

To acquire a 100% interest in the Holdsworth property, MacDonald Mines agreed under the LOI to:

  • -Issue 5,500,000 MacDonald units, each unit consisting of one Class A common share of MacDonald and one non-transferable Class A common share purchase warrant of MacDonald exercisable at $0.30 per share for a period of three years from the date of issuance.

  • -Grant Noble a 1.5% net smelter return royalty (the „NSR”) on the Holdsworth property, with MacDonald having the right to re-purchase one half of the NSR for $500,000 at any time.

    -Pay the equivalent of 5,000 ounces of gold equivalent to Noble once MacDonald has extracted, refined and sold a minimum of 50,000 ounces of gold from the oxide sands portion of the Property.

Quentin Yarie, MacDonald’s President and CEO commented: „In the few months our team has worked on the Holdsworth property, we’ve determined that there is a good potential for gold extraction there. We’ve already initiated a bulk sampling program of the oxides sands-the main gold target on the property. Securing 100% interest ensures that MacDonald can continue to aggressively advance the Wawa-Holdsworth Project and significantly increase shareholder value.

Vance White, Noble’s President and CEO commented: „By vending the balance of the Wawa Holdsworth interest Noble will become a significant shareholder in MacDonald, have a potential gold streaming revenue stream and an ongoing NSR over the entire project area whilst allowing MacDonald to aggressively proceed with the plans for an oxide sand bulk sampling program and follow up to the newly discovered gold bearing shear zone reported in a news release dated December 13, 2016. This will allow Noble to focus on Project 81, where we plan an Airborne Gravity Gradiometer Survey over the entire ~70,000 Hectare Project Area as well as an airborne EM/Mag survey over the two southern townships (Carnegie and Crawford) which sit immediately north of the world class Kidd Creek mine of Exstrada celebrating its fiftieth year of production”.

Randy Singh P.Geo(ON), P.Eng (ON), VP Exploration & Project Development of Noble and a „qualified person” as such term is defined by National Instrument 43-101 has verified the data disclosed in this news release, and has otherwise reviewed and approved the technical information in this news release on behalf of the Company.

About MacDonald Mines Exploration Ltd.

MacDonald Mines Exploration Ltd. is a mineral exploration company headquartered in Toronto, Ontario focused on gold and silica exploration in Canada. The Company has built a portfolio of safe-jurisdiction, infrastructure-rich projects that demonstrate the greatest market potential for return. The Company is aggressively advancing its highly prospective Wawa-Holdsworth Project and Charlevoix Silica Property.

Wawa-Holdsworth Project Highlights:

  • -Approximately 285 hectares, 20 kilometres northeast of the town of Wawa

    -Neighbouring Argonaut’s >6Moz gold Magino Deposit & Richmont’s >1Moz gold Island Gold Mine;

    -Numerous gold showings with diversified mineralization styles occurring in a 500 metres-wide deformation corridor;

    -Lode Gold in traditional quartz veins, known as the „The Soocana Vein;

    -an oxidized cap at surface developed over a massive pyrite zone (Algoma Iron Formation) known as the „The Oxide Sands”;

    -the precursor to the Oxide Sands – a massive pyrite zone (Algoma Iron Formation) at depths, known as „The Massive Sulphide”;

    -Year-long road access and easy access to rail, road, electrical power, labour force and suppliers;

    -Fee simple absolute ownership of both surface and mineral rights property-wide facilitates the early and advanced exploration process and timelines.

The Company’s common shares trade on the TSX Venture Exchange under the symbol „BMK”.

About Noble Mineral Exploration Inc.:

Noble Mineral Exploration Inc. is a Canadian based junior exploration company holding in excess of 70,641 hectares of mineral rights in the Timmins – Cochrane areas of Northern Ontario. The Company also holds a portfolio of diversified exploration projects at various stages of exploration Gold in the Wawa area of Northern Ontario, and Uranium in Northern Saskatchewan. More detailed information is available on the website at www.noblemineralexploration.com.

Cautionary Statement:

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

The foregoing information may contain forward-looking statements relating to the future performance of Noble Mineral Exploration Inc. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially from the Company’s plans and expectations. These plans, expectations, risks and uncertainties are detailed herein and from time to time in the filings made by the Company with the TSX Venture Exchange and securities regulators. Noble Mineral Exploration Inc. does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

Contacts:

H. Vance White, President

Phone: 416-214-2250

Fax: 416-367-1954

Email: info@noblemineralexploration.com

Investor Relations

Email: ir@noblemineralexploration.com

Research Reports Initiation on Semiconductor Stocks — Analog Devices, Skyworks Solutions, Amkor Technology, and Superconductor Technologies

NEW YORK, March 30, 2017 /PRNewswire/ --

Stock-Callers.com has initiated reports coverage on four Semiconductor Integrated Circuits stocks, which are: Analog Devices Inc. (NASDAQ: ADI), Skyworks Solutions Inc. (NASDAQ: SWKS), Amkor Technology Inc. (NASDAQ: AMKR), and Superconductor Technologies Inc. (NASDAQ: SCON). These companies operate in the Technology sector, which has been one of the best-performing segments of the US equity market to start 2017. According a report on ETFtrends.com, Semiconductor stocks have been important contributors to the theme. Learn more about these stocks by downloading their free report at:

http://stock-callers.com/registration

Analog Devices  

On Wednesday, shares in Norwood, Massachusetts headquartered Analog Devices Inc. recorded a trading volume of 2.04 million shares. The stock ended the session 0.35% lower at $81.91. The Company's shares have gained 10.83% over the previous three months and 13.41% on an YTD basis. The stock is trading 3.34% above its 50-day moving average and 21.01% above its 200-day moving average. Moreover, shares of Analog Devices, which designs, manufactures, and markets a portfolio of solutions that leverage analog, mixed-signal, and digital signal processing technology, including integrated circuits, algorithms, software, and subsystems, have a Relative Strength Index (RSI) of 52.07.

On March 13th, 2017, research firm Stifel reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $92 a share to $95 a share.

On March 14th, 2017, Analog Devices announced a next-generation accelerometer designed for long-period monitoring of the physical condition of high-value assets. The ADXL372 micropower high-g MEMS accelerometer targets Internet of Things solutions where shock and impact on a unit during storage, transit, or use would adversely affect its function, safety, or reliability. The free research report on ADI is available at:

http://stock-callers.com/registration/?symbol=ADI


Skyworks Solutions  

Woburn, Massachusetts headquartered Skyworks Solutions Inc.'s stock closed the day 0.71% lower at $97.23, with a total trading volume of 1.09 million shares. The Company's shares have advanced 2.55% in the past month, 24.50% in the previous three months, and 30.62% since the start of this year. The stock is trading 3.94% and 25.49% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Skyworks Solutions, which together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide, have an RSI of 53.53.

On March 08th, 2017, research firm Wells Fargo initiated an 'Outperform' rating on the Company's stock. The complimentary report on SWKS can be downloaded at:
http://stock-callers.com/registration/?symbol=SWKS


Amkor Technology  

Shares in Tempe, Arizona headquartered Amkor Technology Inc. recorded a trading volume of 623,356 shares. The stock ended yesterday's trading session 0.54 % lower at $11.09. The Company's shares have advanced 12.93% in the past month and 5.12% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 8.51% and 18.48%, respectively. Furthermore, shares of Amkor Technology, which provides outsourced semiconductor packaging and test services in the US and internationally, have an RSI of 60.31. Visit us today and download our complete research report on AMKR for free at:

http://stock-callers.com/registration/?symbol=AMKR


Superconductor Technologies  

Austin, Texas headquartered Superconductor Technologies Inc.'s stock finished Wednesday's session 3.76% lower at $1.28, with a total trading volume of 518,231 shares. The Company's shares have advanced 7.56% in the last one month, 2.40% over the previous three months, and 4.07% since the start of this year. The stock is trading above its 50-day moving average by 7.78%. Additionally, shares of Superconductor Technologies, which develops and commercializes high temperature superconductor (HTS) materials and related technologies in the US, have an RSI of 53.29.

On March 28th, 2017, Superconductor Technologies reported financial results for Q4 2016 and year ended December 31st, 2016. For Q4, net revenues were $9,000 and net loss was $2.5 million. For the full year, total net revenues were $131,000 and net loss was $11.1 million. Get free access to your technical report on SCON at:

http://stock-callers.com/registration/?symbol=SCON

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India x86 server market declined by 16.8 percent in Q4 2016; but Government remains growth enabler: IDC India

Press Release
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India x86 server market declined by 16.8 percent in Q4 2016; but Government remains growth enabler: IDC India

30 Mar 2017

New Delhi, According to International Data Corporation  (IDC), server market in India declined by 16.8 percent quarter-on-quarter in Q4 2016, with 30,501 units shipped in Q4 2016 as against 36,668 units in Q3 2016. In terms of revenue, there was a 4.2 percent quarter-on-quarter growth registered in Q4 2016, majorly due to the sales of high-density servers.

Click to Tweet: India x86 Server m arket declined by 16.8 percent quarter-on-quarter in Q 4 2016: IDC India# IDCIn

Enterprise initiative towards digital transformation, analytics, cloud, BI and datacenter consolidation are the key trend observed in Indian server market. Pricing and tailormade solutions has become crucial for the vendors as they are frequently challenged by ODM’s and white box players. Amidst of all these industry concerns, ERP upgradation in manufacturing and tech refreshes in banking were the major contributors for server market demand during Q4 2016.

The non x86 server market declined by 31.0 percent quarter-on-quarter in terms of unit shipments and 34.7 percent in terms of revenue in Q4 2016. Banking, manufacturing and telecommunication verticals were the major contributors to the non-x86 market. IBM dominated the market in terms of revenue with the share of 62 percent, at end Q4 2016.

According to Harshal Udatewar , Server Market Analyst, IDC India, “The market corrected itself, owing to the absence of large multi-million dollar deals. Growing SMB’s, IT investments from enterprises towards datacenter consolidation are boosting the growth of the server market. Deals from Government towards digitalization, e-governance, smart city and surveillance projects are in pipeline that would fuel the growth of Indian server market in the coming quarters”.

According to Rishu Sharma , Associate Manager, Enterprise Infrastructure-,” The Indian server market witnessed a difficult quarter, as organizations continue to consolidate their prevailing workloads on fewer servers. We are also seeing increased acceptance of cloud among the SMBs, resulting in new buyer segments and demand for third party data centers”.

Source: IDC APeJ Server Tracker Q4 2016

Major Vendors

In India x86 market, HPE maintained its leading position in Q4 2016 with 35 percent market share in terms of unit shipment, followed by Dell with a market share of 27 percent. Lenovo’s market share dropped from 12 percent to 9 percent year-on year. Cisco’s market share increased by 13.6 percent year-on-year, while Huawei and Acer accounted for the market share of 3.3 and 2.7 percent respectively, at end Q4 2016.

On the revenue front, HPE led with 38 percent market share, followed by Dell at 31 percent market share. Cisco registered market share of 10 percent overtaking Lenovo who accounts for 6 percent of market share by revenues during Q4 2016.

IDC India Forecast

The government led digitization initiatives are expected to pick pace and would continue in the coming quarters. SAP HANA opportunities, investments in HPC and DR implementations would pull the market further the coming quarters.

About IDC Trackers

IDC Tracker products provide accurate and timely market size, vendor share, and forecasts for hundreds of technology markets from more than 100 countries around the globe. Using proprietary tools and research processes, IDC’s Trackers are updated on a semiannual, quarterly, and monthly basis. Tracker results are delivered to clients in user-friendly excel deliverables and on-line query tools. The IDC Tracker Charts app allows users to view data charts from the most recent IDC Tracker products on their iPhone and iPad.

About IDC

International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,100 analysts worldwide, IDC offers global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. IDC’s analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a subsidiary of IDG, the world’s leading technology media, research, and Events Company. To learn more about IDC, please visit www.idc.com. Follow IDC on Twitter at @IDC.

All product and company names may be trademarks or registered trademarks of their respective holders.

For more information on Server Market, please contact:

Harshal Udatewar, Server Market Analyst, hudatewar@idc.com

Rishu Sharma, Associate Manager, Enterprise Infrastructure, risharma@idc.com

For press inquiries, please contact:

Shreya Jain

IDC India

shjain@idc.com

+91 9611896886

Contact

For more information, contact:

Shreya Jain
shjain@idc.com
9611896886

Radial Artery Compression Devices Market Consumption Analysis, Guidelines Overview and Upcoming Trends Forecast till 2022

EMEA (Europe, Middle East and Africa) Radial Artery Compression Devices Market Report provides an analytical assessment of the prime challenges faced by this Market currently and in the coming years, which helps Market participants in understanding the problems they may face while operating in this Market over a longer period of time.

Various EMEA (Europe, Middle East and Africa) Radial Artery Compression Devices industry leading players are studied with respect to their company profile, product portfolio, capacity, price, cost and revenue.

The following firms are included in the EMEA (Europe, Middle East and Africa) Radial Artery Compression Devices Market report:

  • Terumo Corporation
  • Merit Medical, Inc.
  • Abbott Laboratories
  • Vascular Solution Inc.
  • Advanced Vascular Dynamics
  • Comed B.V.
  • Beijing Demax Medical Technology

Get a Sample of EMEA (Europe, Middle East and Africa) Radial Artery Compression Devices Market research report from- https://www.absolutereports.com/enquiry/request-sample/10700397

On the basis of product, this report displays the sales volume (K Units), revenue (Million USD), product price (USD/Unit), market share and growth rate of each type, primarily split into

  • Disposable Devices
  • Reusable Devices

On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, sales volume (K Units), market share and growth rate of Radial Artery Compression Devices for each application, including

  • Hospitals
  • Independent Catheterisation Laboratories
  • Ambulatory Surgical Centres
  • Specialised Clinics

Various policies and news are also included in the EMEA (Europe, Middle East and Africa) Radial Artery Compression Devices Market report. Various costs involved in the production of EMEA (Europe, Middle East and Africa) Radial Artery Compression Devices are discussed further. This includes labour cost, depreciation cost, raw material cost and other costs.

The production process is analysed with respect to various aspects like, manufacturing plant distribution, capacity, commercial production, R&D status, raw material source and technology source. This provides the basic information about the EMEA (Europe, Middle East and Africa) Radial Artery Compression Devices industry.

Detailed TOC and Charts & Tables of EMEA (Europe, Middle East and Africa) Radial Artery Compression Devices Market Research Report available at- https://www.absolutereports.com/10700397

Further in the EMEA (Europe, Middle East and Africa) Radial Artery Compression Devices Market research report, following points are included along with in-depth study of each point:

  • Production Analysis– Production of the EMEA (Europe, Middle East and Africa) Radial Artery Compression Devices is analysed with respect to different regions, types and applications. Here, price analysis of various EMEA (Europe, Middle East and Africa) Radial Artery Compression Devices Market key players is also covered.
  • Sales and Revenue Analysis– Both, sales and revenue are studied for the different regions of the global EMEA (Europe, Middle East and Africa) Radial Artery Compression Devices Market. another major aspect, price, which plays important part in the revenue generation is also assessed in this section for the various regions.
  • Supply and Consumption– In continuation with sales, this section studies supply and consumption for the EMEA (Europe, Middle East and Africa) Radial Artery Compression Devices Market. This part also sheds light on the gap between supple and consumption. Import and export figures are also given in this part.
  • Other analyses– Apart from the aforementioned information, trade and distribution analysis for the EMEA (Europe, Middle East and Africa) Radial Artery Compression Devices Market, contact information of major manufacturers, suppliers and key consumers is also given. Also, SWOT analysis for new projects and feasibility analysis for new investment are included.

In continuation with this data sale price is for various types, applications and region is also included. The EMEA (Europe, Middle East and Africa) Radial Artery Compression Devices Market for major regions is given. Additionally, type wise and application wise consumption figures are also given.

Regions covered in the EMEA (Europe, Middle East and Africa) Radial Artery Compression Devices Market report:

  • Europe: Germany, France, UK, Russia, Italy and Benelux;
  • Middle East: Saudi Arabia, Israel, UAE and Iran;
  • Africa: South Africa, Nigeria, Egypt and Algeria.

No. of Report Pages: 105

Price of Report (single User Licence): $4000

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Hydrogen Electrolyzers Market EMEA (Europe, Middle East and Africa) Revenue, Key Players, Supply-Demand, Investment Feasibility and Forecast 2022

EMEA (Europe, Middle East and Africa) Hydrogen Electrolyzers Market Report provides an analytical assessment of the prime challenges faced by this Market currently and in the coming years, which helps Market participants in understanding the problems they may face while operating in this Market over a longer period of time.

Various EMEA (Europe, Middle East and Africa) Hydrogen Electrolyzers industry leading players are studied with respect to their company profile, product portfolio, capacity, price, cost and revenue.

The following firms are included in the EMEA (Europe, Middle East and Africa) Hydrogen Electrolyzers Market report:

  • Itm-Power
  • Ballard Power Systems
  • Plug Power
  • Proton Power Control
  • Quantum Fuel Systems Technologies Worldwide
  • HyperSolar-Technology
  • Kingkar Technologies
  • Acta SpA

Get a Sample of EMEA (Europe, Middle East and Africa) Hydrogen Electrolyzers Market research report from- https://www.absolutereports.com/enquiry/request-sample/10700332

On the basis of product, this report displays the sales volume (Units), revenue (Million USD), product price (USD/Unit), market share and growth rate of each type, primarily split into

  • Polymer Electrolyte Membrane (PEM) Electrolyzers
  • Alkaline Water Electrolyzers
  • Solid Oxide Electrolyzers

On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, sales volume (Units), market share and growth rate of Hydrogen Electrolyzers for each application, including

  • Chemicals Industry
  • Automobile Industry
  • Energy Industry
  • Food & Beverages Industry
  • Pharmaceutical & Biotechnology Industry
  • Electronics Industry
  • Glass Industry
  • Metal Production & Fabrication Industry

Various policies and news are also included in the EMEA (Europe, Middle East and Africa) Hydrogen Electrolyzers Market report. Various costs involved in the production of EMEA (Europe, Middle East and Africa) Hydrogen Electrolyzers are discussed further. This includes labour cost, depreciation cost, raw material cost and other costs.

The production process is analysed with respect to various aspects like, manufacturing plant distribution, capacity, commercial production, R&D status, raw material source and technology source. This provides the basic information about the EMEA (Europe, Middle East and Africa) Hydrogen Electrolyzers industry.

Detailed TOC and Charts & Tables of EMEA (Europe, Middle East and Africa) Hydrogen Electrolyzers Market Research Report available at- https://www.absolutereports.com/10700332

Further in the EMEA (Europe, Middle East and Africa) Hydrogen Electrolyzers Market research report, following points are included along with in-depth study of each point:

  • Production Analysis– Production of the EMEA (Europe, Middle East and Africa) Hydrogen Electrolyzers is analysed with respect to different regions, types and applications. Here, price analysis of various EMEA (Europe, Middle East and Africa) Hydrogen Electrolyzers Market key players is also covered.
  • Sales and Revenue Analysis– Both, sales and revenue are studied for the different regions of the global EMEA (Europe, Middle East and Africa) Hydrogen Electrolyzers Market. another major aspect, price, which plays important part in the revenue generation is also assessed in this section for the various regions.
  • Supply and Consumption– In continuation with sales, this section studies supply and consumption for the EMEA (Europe, Middle East and Africa) Hydrogen Electrolyzers Market. This part also sheds light on the gap between supple and consumption. Import and export figures are also given in this part.
  • Other analyses– Apart from the aforementioned information, trade and distribution analysis for the EMEA (Europe, Middle East and Africa) Hydrogen Electrolyzers Market, contact information of major manufacturers, suppliers and key consumers is also given. Also, SWOT analysis for new projects and feasibility analysis for new investment are included.

In continuation with this data sale price is for various types, applications and region is also included. The EMEA (Europe, Middle East and Africa) Hydrogen Electrolyzers Market for major regions is given. Additionally, type wise and application wise consumption figures are also given.

Regions covered in the EMEA (Europe, Middle East and Africa) Hydrogen Electrolyzers Market report:

  • Europe: Germany, France, UK, Russia, Italy and Benelux;
  • Middle East: Saudi Arabia, Israel, UAE and Iran;
  • Africa: South Africa, Nigeria, Egypt and Algeria.

No. of Report Pages: 109

Price of Report (single User Licence): $4000

Purchase the EMEA (Europe, Middle East and Africa) Hydrogen Electrolyzers Market Report at: http://www.absolutereports.com/purchase/10700332

MacDonald Mines Signs Binding Letter of Intent to acquire 100% Interest in Holdsworth Property

TORONTO, ONTARIO–(Marketwired – March 30, 2017) – MacDonald Mines Exploration Ltd. (TSX VENTURE:BMK) („MacDonald Mines”, „MacDonald” or the „Company”) is pleased to announce that it has signed a Binding Letter of Intent („LOI”) with Noble Mineral Exploration Inc. („Noble”) to acquire all of Noble’s interest in the Holdsworth property (the „Property”), located 25 kilometres northeast of Wawa, Ontario. The Holdsworth property is part of the land package that comprises MacDonald’s Wawa-Holdsworth Project.

MacDonald previously entered into an Option and Joint Venture („JV”) agreement with Noble on December 7, 2016 to advance exploration on the Holdsworth property. The LOI supersedes the original agreement.

Quentin Yarie, MacDonald’s President and CEO commented: „In the few months our team has worked on the Holdsworth property, we’ve determined that there is a good potential for gold extraction there. We’ve already initiated a bulk sampling program of the oxides sands-the main gold target on the property. Securing 100% interest ensures that MacDonald can continue to aggressively advance the Wawa-Holdsworth Project and significantly increase shareholder value.

LOI Highlights

To acquire 100% interest in the Holdsworth property, MacDonald Mines agrees to:

  • Issue 5,500,000 units of the Company’s common shares. Each Unit will consist of one Class A common share and one non-transferable Class A common share purchase warrant exercisable at $0.30 per share for a period of three years from the date of issuance.
  • Grant Noble a 1.5% net smelter return royalty (the „NSR”) on the Holdsworth property. MacDonald will have the right to re-purchase one half of the NSR for $500,000 at any time.
  • Pay the equivalent of 5,000 ounces of gold equivalent to Noble once MacDonald has extracted, refined and sold a minimum of 50,000 ounces of gold from the oxide sands portion of the Property.

Wawa-Holdsworth Project Highlights

  • Approximately 285 hectares, 20 kilometres northeast of the town of Wawa
  • Neighbouring Argonaut’s >6Moz gold Magino Deposit & Richmont’s >1Moz gold Island Gold Mine
  • Numerous gold showings with diversified mineralization styles occurring in a 500 metres-wide deformation corridor
  • Year-long road access and easy access to rail, road, electrical power, labour force and suppliers

Qualified Person

Quentin Yarie, P Geo. is the qualified person responsible for preparing, supervising and approving the scientific and technical content of this news release.

About Noble Mineral Exploration Inc.

Noble Mineral Exploration Inc. is a junior Canadian natural resource company listed on the TSX Venture Exchange under the symbol „NOB”. The Company holds a portfolio of diversified exploration projects at various stages of exploration, including Nickel/Gold in the Timmins Area of Northern Ontario, Gold in the Wawa area of Northern Ontario and Uranium in Northern Saskatchewan.

About MacDonald Mines Exploration Ltd.

MacDonald Mines Exploration Ltd. is a mineral exploration company headquartered in Toronto, Ontario focused on gold and silica exploration in Canada. The Company has built a portfolio of safe-jurisdiction, infrastructure-rich projects that demonstrate the greatest market potential for return. The Company is aggressively advancing its highly prospective Wawa-Holdsworth Project and Charlevoix Silica Property.

The Company’s common shares trade on the TSX Venture Exchange under the symbol „BMK”.

To learn more about MacDonald Mines, please visit www.macdonaldmines.com

This News Release contains forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as „may”, „should”, „expects”, „plans”, „anticipates”, „believes”, „estimates”, „predicts”, „potential” or „continue” or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

China Zenix Auto International Reports Fourth Quarter and Full Year 2016 Results

ZHANGZHOU, China, March 30, 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 fourth quarter and full year ended December 31, 2016.

Financial Highlights

Fourth Quarter 2016:

Full Year 2016:

Mr. Junqiu Gao, Deputy CEO and Chief Sales and Marketing Officer of Zenix Auto, commented, „Our OEM sales growth continues to reflect the turnaround in the heavy- and medium-duty truck market in China during 2016.  We have increased our investment in research and development to develop new materials and wheel designs for the steel and aluminum wheel markets, and to maintain our market leadership.”

Mr. Martin Cheung, CFO of Zenix Auto, commented, „We continue to focus on generating positive cash flow from operations to strengthen our cash position and balance sheet. We are managing our current assets and liabilities to contribute to our financial condition.”

2016 Fourth Quarter Results

Revenue for the fourth quarter ended December 31, 2016 was RMB 591.9 million (US$85.3 million) from RMB587.5 million for the fourth quarter of 2015. The increase in revenue on a year-over-year basis was mainly driven by renewed growth in truck sales in China, especially for the heavy- and medium-duty trucks.

Aftermarket sales in China decreased by 13.5% year-over-year to RMB248.4 million (US$35.8 million) in the fourth quarter of 2016 from RMB287.2 million in the fourth quarter of 2015. Total unit sales in the aftermarket decreased by 14.2% year-over-year while pricing increased slightly. The aftermarket wheel segment remained weak as the logistic-based truck market remained sluggish and price competition stayed intense.

Sales to the Chinese OEM market increased by 20.4% year-over-year to RMB255.7 million (US$36.8 million) in the fourth quarter of 2016 compared to RMB212.3 million in the same quarter of 2015. Total unit sales in the OEM market increased by 13.2% year-over-year as a result of strong truck sales, especially heavy- and medium-duty trucks, during the fourth quarter of 2016.

International sales decreased slightly by 0.2% year-over-year to RMB 87.8 million (US$12.6 million) in the fourth quarter of 2016 compared to sales of RMB88.0 million in the fourth quarter of 2015. Total unit sales in the international sales increased by 3.1% year-over-year in the fourth quarter of 2016 but the weaker economic environment in our main market, Southeast Asia, negatively affected overall sales.

In the fourth quarter of 2016, domestic aftermarket sales, domestic OEM sales and international sales contributed 42.0%, 43.2% and 14.8% of revenue, respectively.

Sales of tubed steel wheels comprised 52.4% of 2016 fourth quarter revenue compared to 53.9% in the same quarter in 2015. Tubeless steel wheel sales represented 35.4% of fourth quarter revenue compared to 36.5% in the same quarter of 2015. Tubed and tubeless steel wheel sales remained the main sources of revenue for the Company. However, sales of aluminum wheels increased and accounted for 7.9% of fourth quarter revenue as compared to 4.7% in the same quarter a year ago.

Fourth quarter gross profit decreased by 21.3% to RMB 88.8 million (US$12.8 million), compared to RMB112.9 million in the same quarter in 2015. Gross margin was 15.0%, compared with 19.2% in the fourth quarter of 2015. The decrease in gross margin on a year-over-year basis was mainly driven by the price appreciation of raw materials, namely steel, which outpaced Zenix’s wheel price increase.

Selling and distribution expenses increased by 0.7% to RMB45.4 million (US$6.5 million) from RMB45.1 million in the fourth quarter of 2015. As a percentage of revenue, selling and distribution costs were 7.7% in the fourth quarter of 2016, compared to 7.7% in the same quarter a year ago.

Research and development („R&D”) expenses increased by 65.1% to RMB23.5 million (US$3.4 million), compared to RMB14.3 million in the fourth quarter of 2015. R&D as a percentage of revenue was 4.0% in the fourth quarter of 2016, compared to 2.4% in same quarter of 2015.

Administrative expenses decreased by 9.6% to RMB 34.4 million (US$5.0 million) from RMB38.1 million in the fourth quarter of 2015, mainly due to effective cost control measures partially offset by the increase of office building depreciation in the aluminum wheel production facility. As a percentage of revenue, administrative expenses were 5.8% in the fourth quarter of 2016, compared to 6.5% of revenue in the fourth quarter of 2015.

Net loss and total comprehensive loss for the fourth quarter of 2016 was RMB11.6 million (US$1.7 million), compared to net profit and total comprehensive income of RMB8.6 million in the same quarter of 2015. 

Basic and diluted loss per ADS in the fourth quarter of 2016 were RMB 0.23 (US$0.03) compared to basic and diluted earnings per ADS of RMB0.17 in the same quarter of 2015.

In the fourth quarter of 2016, the Company recorded net cash outflows from operating activities of RMB41.4 million (US$6.0 million). Capital expenditures for the purchase of property, plant and equipment in the fourth quarter were RMB3.7 million (US$0.5 million). Deposits paid for acquisition of property, plant and equipment in the fourth quarter were RMB2.7 million (US$0.4 million).

During the fourth quarter of 2016 and 2015, the weighted average number of ordinary shares was 206.5 million and the weighted average number of ADSs was 51.6 million.

2016 Full Year Results

Revenue for the year ended December 31, 2016 was RMB2,249.5 million (US$324.0 million) compared with RMB2,445.8 million in 2015.

Aftermarket sales decreased by 14.5% to RMB1,021.3 million (US$147.1 million) in 2016, and represented 45.4% of total revenue. Sales to the Chinese OEM market increased by 5.2% to RMB856.7 million (US$123.4 million) and represented 38.1% of total revenue. International sales decreased by 15.0% to RMB371.5 million (US$ 53.5 million) compared to last year, and represented 16.5% of total revenue.

Tubed steel wheel sales in 2016 accounted for 54.6% of revenue compared with 56.1% in 2015. Tubeless steel wheel sales accounted for 36.4% of revenue compared with 37.5% in 2015. With the increase in market acceptance, aluminum wheel sales accounted for 4.6% of revenue in 2016 compared with 1.1% in 2015.

Gross profit for year 2016 was RMB 387.5 million (US$55.8 million), compared with RMB363.8 million in 2015. Gross margin increased to 17.2% in 2016 from 14.9% in 2015.

Loss before taxation for the year 2016 was RMB25.6 million (US$3.7 million), compared with loss before taxation of RMB30.1 million in 2015.

Net loss and total comprehensive loss for full year 2016 was RMB25.9 million (US$3.7 million), compared with net loss and total comprehensive loss of RMB28.6 million in 2015. Basic and diluted loss per ordinary share and per ADS for the full year ended December 31, 2016 were RMB0.13 (US$0.02) and RMB0.50 (US$0.07), respectively.

As of December 31, 2016, Zenix Auto had bank balances and cash of RMB896.8 million (US$129.2 million) and fixed bank deposits with a maturity period over three months of RMB290.0 million (US$41.8 million). Total equity attributable to owners of the Company was RMB2,537.6 million (US$365.5 million).

For the year ended December 31, 2016, the Company recorded cash inflows from operating activities of RMB179.2 million (US$25.8 million). Capital expenditures for the purchase of property, plant and equipment were RMB15.1 million (US$2.2 million). Deposits paid for acquisition of property, plant and equipment were RMB14.5 million (US$2.1 million).

Conference Call Information

The Company will host a conference call, to be simultaneously webcast, on Thursday, March 30, 2017 at 8:00 a.m. ET/ 8:00 p.m. Beijing Time. Interested parties may participate in the conference call by dialing +1-877-407-0782 (U.S. Toll Free) or +1-201-689-8567 (International). Please dial in five minutes before the call start time and ask to be connected to the „China Zenix Auto” conference call.

A replay will be available shortly after the conclusion of the conference call through April 30, 2017, at 11:59 p.m. ET. Interested parties may access the replay by dialing +1-877-481-4010 (U.S. Toll Free) or +1-919-882-2331 (International) and using Conference ID 10278 to access the replay.

Exchange Rate Information

The United States dollar (US$) amounts disclosed in this press release are presented solely for the convenience of the reader. All translations from RMB to U.S. dollars are made at a rate of RMB6.943 to US$1.00, the effective noon buying rate as of December 31, 2016, in The City of New York, for cable transfers of RMB as set forth in the H.10 weekly statistical release of the Federal Reserve Board. The percentages stated are calculated based on RMB amounts.

About China Zenix Auto International Limited

China Zenix Auto International Limited is the largest commercial vehicle wheel manufacturer in China in both the aftermarket and OEM market by sales volume. The Company offers more than 772 series of aluminum wheels, tubed steel wheels, tubeless steel wheels, and off-road steel wheels in the aftermarket and OEM markets in China and internationally. The Company’s customers include large PRC commercial vehicle manufacturers, and it also exports products to over 80 distributors in more than 28 countries worldwide. With six large, strategically located manufacturing facilities in multiple regions across China, the Company has a designed annual production capacity of approximately 15.5 million units of steel and aluminum wheels as of December 31, 2016. For more information, please visit: www.zenixauto.com/en.

Safe Harbor

This announcement contains forward-looking statements. These statements are made under the „safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as „will,” „expects,” „anticipates,” „future,” „intends,” „plans,” „believes,” „estimates,” „confident” and similar statements. The Company may make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. Further information regarding these risks is included in our filings with the SEC. The Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release and in the attachments is as of the date of the press release, and the Company undertakes no duty to update such information, except as required under applicable law. 

For more information, please contact

Kevin Theiss
Investor Relations
Awaken Advisors
Tel: +1-646-726-6511
Email: Kevin.Theiss@awakenlab.com

SOURCE China Zenix Auto International Limited