China XD Plastics (CXDC) Reports Q2 EPS of $0.51

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Specialty Chemical Company China XD Plastics Announces Second Quarter 2016 Financial Results

August 5, 2016 8:30 AM EDT

HARBIN, China, Aug. 5, 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 second quarter ended June 30, 2016.

Second Quarter 2016 Financial Highlights

Revenue was $277.1 million, an increase of 4.4% YoY and 28.9% sequentially Gross profit was $60.3 million, an increase of 17.1% YoY and 73.3% sequentially Gross margin of 21.8% increased 240 basis points YoY and 560 basis points sequentially... More