China XD Plastics (CXDC) Reports Q2 EPS of $0.39

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China XD Plastics Announces Second Quarter 2015 Financial Results

August 6, 2015 7:30 AM EDT

HARBIN, China, Aug. 6, 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 second quarter ended June 30, 2015.

Second Quarter 2015 Financial Highlights 

Revenue was $265.4 million, an increase of 0.5% YoY and 19.6% sequentially Gross profit was $51.5 million, a decrease of 1.5% YoY and increase of 6.0% sequentially Gross margin of 19.4% decreased 39 basis points YoY and 252 basis points... More