China XD Plastics (CXDC) Reports Q1 EPS of $0.17
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China XD Plastics Announces First Quarter 2016 Financial Results
May 10, 2016 8:02 AM EDTHARBIN, China, May 10, 2016 /PRNewswire/ -- China XD Plastics Company Limited (NASDAQ: CXDC, "China XD Plastics" or the "Company"), one of China's leading specialty chemical companies engaged in the development, manufacture and sale of polymer composite materials primarily for automotive applications, today announced its financial results for the first quarter ended March 31, 2016.
First Quarter 2016 Financial Highlights   Â
Revenue was $215.0 million, a decrease of 3.1% YoY and 21.2% sequentially Gross profit was $34.8 million, a decrease of 28.4% YoY and 32.9% sequentially Gross margin of 16.2% decreased 570 basis points YoY and 280 basis points sequentially Net income was $11.4 million, a... More