Specialty Chemical Company China XD Plastics Announces Second Quarter 2019 Financial Results
China XD Plastics Company Limited (CXDC)
US:NASDAQ Investor Relations:
chinaxd.net
Company Research
Source: PR Newswire
HARBIN, China, Aug. 14, 2019 /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, 2019.Second Quarter 2019 Financial Summary Revenue was 463.1 million, an increase of 46.0% YoY and an increase of 53.6% sequentially Gross profit was $65.3 million, an increase of 16.2% YoY, and an increase of 29.8% sequentially Gross margin of 14.1%, a decrease of 360 basis points YoY and 260 basis points sequentially Net income was $40.1 million, an increase of 47.4% YoY and 264.5% sequentially EBITDA was $70.1 million, an increase of 26.7% YoY and 47.3% sequentially Total volume shipped was 106,609 metric tons, an increase of 2.8% YoY and 12.9% sequentially"We are pleased with our quarterly results with sign
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