Last $5.39 USD
Change Today -0.28 / -4.94%
Volume 346.4K
CXDC On Other Exchanges
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As of 8:10 PM 09/16/14 All times are local (Market data is delayed by at least 15 minutes).

china xd plastics co ltd (CXDC) Snapshot

Open
$5.51
Previous Close
$5.67
Day High
$5.61
Day Low
$5.26
52 Week High
06/9/14 - $13.24
52 Week Low
09/17/13 - $4.23
Market Cap
267.3M
Average Volume 10 Days
263.1K
EPS TTM
$2.18
Shares Outstanding
49.6M
EX-Date
--
P/E TM
2.5x
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, a specialty chemical company, through its subsidiaries, is engaged in the research, development, manufacture, and sale of modified and engineering plastics products primarily for use in the fabrication of automobile parts and components in the People’s Republic of China. 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.

965 Employees
Last Reported Date: 03/26/14
Founded in 1999

china xd plastics co ltd (CXDC) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $282.8K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $187.4K
Chief Operating Officer and Director
Total Annual Compensation: $199.0K
Compensation as of Fiscal Year 2013.

china xd plastics co ltd (CXDC) Key Developments

Pomerantz LLP Files Class Action Lawsuit Against China XD Plastics Company Ltd

Pomerantz LLP has filed a class action lawsuit against China XD Plastics Company Ltd. and certain of its officers. The class action, filed in United States District Court, Southern District of New York, and docketed under 14-cv-5359, is on behalf of a class consisting of all persons or entities who purchased China XD securities between August 12, 2009 and July 10, 2014, inclusive (class period). This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934. The complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements, and failed to disclose material adverse facts about the company's business, operations, prospects and performance. Specifically, during the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: China XD reports gross margins substantially higher than its main competitor, yet spends much less on research and development (R&D); China XD reported substantially higher revenues and net income in its SEC filings compared to filings made to the Chinese state regulatory authority known as the State Administration for Industry and Commerce (SAIC) during the fiscal years 2008 through 2010; and as a result of the above, the company's financial statements were materially false and misleading at all relevant times.

China XD Plastics Company Ltd. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reiterates Earnings Guidance for 2014

China XD Plastics Company Ltd. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenues of $264.21 million compared to $202.15 million a year ago. Operating income was $34.26 million compared to $28.51 million a year ago. Income before income taxes was $24.67 million compared to $27.88 million a year ago. Net income was $19.84 million or $0.30 per diluted share compared to net income of $20.81 million or $0.32 per diluted share a year ago. EBITDA was $41.84 million compared to $36.60 million a year ago. For the six months, the company reported revenues of $487.79 million compared to $373.12 million a year ago. Operating income was $68.35 million compared to $49.10 million a year ago. Income before income taxes was $53.90 million compared to $47.33 million a year ago. Net income was $41.83 million or $0.64 per diluted share compared to net income of $35.26 million or $0.55 per diluted share a year ago. Net cash provided by operating activities was $61.29 million compared to $38.93 million a year ago. Purchases of property, plant and equipment was $86.44 million compared to $13.42 million a year ago. Based on the company's strong performance during the quarter and positive outlook for growing customer demand in the second half of the year, the company reiterates its revenue guidance for 2014. The company expects full-year sales to range between $950 million and $1.05 billion and net income to range between $100 million to $120 million. This forecast is based on constant exchange rates and the anticipated interest expense associated with both its long and short-term debt, and reflects the company's current and preliminary view, which is subject to change.

China XD Plastics Company Ltd. to Report Q2, 2014 Results on Aug 12, 2014

China XD Plastics Company Ltd. announced that they will report Q2, 2014 results at 8:00 PM, GMT Standard Time on Aug 12, 2014

 

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CXDC

Industry Average

Valuation CXDC Industry Range
Price/Earnings 2.6x
Price/Sales 0.2x
Price/Book 0.6x
Price/Cash Flow 2.0x
TEV/Sales NM Not Meaningful
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