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China XD Plastics Announces Fourth Quarter and Fiscal Year 2014 Financial Results

March 16, 2015 6:00 AM EDT

HARBIN, China, March 16, 2015 /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 fourth quarter and fiscal year ended December 31, 2014.

Full Year 2014 Financial Highlights

Revenue was $1,110.6 million, an increase of 5.7% from $1,050.8  million in 2013 Gross profit was $222.4 million, a decrease of 0.4% from $223.4 million in 2013 Gross profit margin was 20.0%, compared to 21.3% in 2013 Net... More