China XD Plastics (CXDC) Reports Q1 Loss of $0.16 on Revenues of $144.8M
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Specialty Chemical Company China XD Plastics Announces First Quarter 2020 Financial Results
June 29, 2020 7:30 AM EDTRevenue of $144.8 million
HARBIN, China, June 29, 2020 /PRNewswire/ -- China XD Plastics Company Limited (NASDAQ: CXDC) ("China XD," the "Company" or "we"), 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, 2020.
First Quarter 2020 Financial Highlights   Â
Revenue was $144.8 million, a decrease of 52.0% YoY and a decrease of 53.4% sequentially Gross profit was $5.2 million, a decrease of 89.7% YoY and a decrease of 88.1%... More