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Last $5.94 USD
Change Today +0.12 / 2.06%
Volume 32.1K
CXDC On Other Exchanges
Symbol
Exchange
NASDAQ GM
As of 8:10 PM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

china xd plastics co ltd (CXDC) Snapshot

Open
$5.80
Previous Close
$5.82
Day High
$5.95
Day Low
$5.78
52 Week High
09/9/14 - $7.64
52 Week Low
02/11/15 - $3.70
Market Cap
292.0M
Average Volume 10 Days
90.9K
EPS TTM
$2.17
Shares Outstanding
49.2M
EX-Date
--
P/E TM
2.7x
Dividend
--
Dividend Yield
--
Current Stock Chart for CHINA XD PLASTICS CO LTD (CXDC)

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china xd plastics co ltd (CXDC) Details

China XD Plastics Company Limited engages in the research, development, manufacture, and sale of modified plastics primarily for automotive applications in the People’s Republic of China and in Dubai, the United Arab Emirates. Its modified plastics are used to fabricate various auto components, including exteriors consisting of automobile bumpers, rearview and side view mirrors, and license plate parts; interiors, such as door panels, dashboards, steering wheels, glove compartments, and safety belt components; and functional components comprising air conditioner casings, heating and ventilation casings, engine covers, and air ducts. The company also offers specially engineered plastics and environment-friendly plastics for use in oilfield equipment, mining equipment, vessel propulsion systems, and power station equipment. China XD Plastics Company Limited primarily sells its products to end customers through approved distributors, as well as directly. The company was founded in 1999 and is based in Harbin, the People’s Republic of China.

1,293 Employees
Last Reported Date: 03/16/15
Founded in 1999

china xd plastics co ltd (CXDC) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $955.3K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $501.6K
Chief Operating Officer and Director
Total Annual Compensation: $426.2K
Chief Technology Officer and Head of Research...
Total Annual Compensation: $158.5K
Compensation as of Fiscal Year 2014.

china xd plastics co ltd (CXDC) Key Developments

China XD Plastics Company Limited Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Full Year of 2015

China XD Plastics Company Limited reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company’s revenues were $265.4 million, representing a year-over-year increase of 0.5% from $264.2 million in the second quarter of 2014. The year-over-year increase was primarily due to a 4.0% increase in sales volume, which was partially offset by a 3.4% decrease in the average selling price of the company’s products. Operating income was $37.8 million in the second quarter ended June 30, 2015, compared to $34.3 million in the same period of 2014, representing an increase of 10.2%, or $3.5 million. The increase in operating income was primarily due to lower R&D expenses, partially offset by higher general and administrative expenses. Net income was $25.5 million for the second quarter of 2015 compared to $19.8 million for the same period of 2014, representing an increase of $5.7 million or 28.8%. Basic and diluted earnings per share for the second quarter of 2015 were $0.39 compared to $0.30 per basic and diluted share in the second quarter of 2014. EBITDA was $47.8 million for the second quarter of 2015, an increase of 14.3% from EBITDA of $41.8 million in the prior year period. Income before income taxes was $29,864,204 compared to $24,674,363 a year ago. For the six months, the company’s revenue was $487,339,137 compared to $487,789,670 a year ago. Operating income was $75,370,348 compared to $68,354,205 a year ago. Income before income taxes was $59,493,861 compared to $53,897,973 a year ago. Net income was $50,882,629 or $0.77 per basic and diluted share, compared to $41,832,711 or $0.64 per basic and diluted share, a year ago. Net cash provided by operating activities was $71,660,883 compared to $61,291,114 a year ago. Purchase of and deposits for property, plant and equipment was $119,535,975 compared to $86,442,465 a year ago. The company provided earnings guidance for the full year of 2015. Due to the company’s leading market position, culture of innovation and visibility into current and new business, the company is reiterating the company’s full year guidance for 2015. The company expects full-year 2015 sales to be in the $960 million to $1.06 billion range, and expects net income to be in the $100 million to $120 million range. This financial forecast reflects the company's business outlook for the remainder of fiscal 2015. It makes certain assumptions about the impact of crude oil prices on polymer composite materials for 2015 and makes assumptions about exchange rates and interest expense associated with both its long and short-term debt. This financial guidance is subject to revision based on changing market conditions at any time.

China XD Plastics Company Ltd. to Report Q2, 2015 Results on Aug 06, 2015

China XD Plastics Company Ltd. announced that they will report Q2, 2015 results at 8:00 PM, GMT Standard Time on Aug 06, 2015

China XD Plastics Company Ltd., Q2 2015 Earnings Call, Aug 06, 2015

China XD Plastics Company Ltd., Q2 2015 Earnings Call, Aug 06, 2015

 

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Industry Analysis

CXDC

Industry Average

Valuation CXDC Industry Range
Price/Earnings 2.9x
Price/Sales 0.3x
Price/Book 0.5x
Price/Cash Flow 2.2x
TEV/Sales NM Not Meaningful
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