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China XD Plastics Company Limited (CXDC)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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0.5699-0.3601 (-38.72%)
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Previous Close0.9300
Open0.6992
Bid0.0000 x 900
Ask0.0000 x 1100
Day's Range0.5276 - 0.6902
52 Week Range0.3600 - 1.3500
Volume11,741,676
Avg. Volume933,861
Market Cap40.206M
Beta (5Y Monthly)0.84
PE Ratio (TTM)N/A
EPS (TTM)-1.2090
Earnings DateNov 16, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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-51% Est. Return
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  • CHINA XD PLASTIC COMPANY LIMITED RECEIVES NASDAQ NOTIFICATION OF NON-COMPLIANCE WITH LISTING RULE 5250(c)(1)
    GlobeNewswire

    CHINA XD PLASTIC COMPANY LIMITED RECEIVES NASDAQ NOTIFICATION OF NON-COMPLIANCE WITH LISTING RULE 5250(c)(1)

    Harbin, China, May 27, 2021 (GLOBE NEWSWIRE) -- China XD Plastic Company Limited (Nasdaq: CXDC, the “Company”) today announced that as expected, it received a letter (the “Letter”) from the Listing Qualifications Department of the Nasdaq Stock Market (“Nasdaq”) notifying the Company that it was not in compliance with requirements of Nasdaq Listing Rule 5250(c)(1) as a result of not having timely filed its Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2021 (the “Form 10-Q”) and because the Company has not yet filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2020 (the “Form 10-K”). The Letter has no immediate effect on the listing or trading of the Company’s common stock on the Nasdaq Global Market. The Letter states that the Company is required to submit a plan to regain compliance with Rule 5250(c)(1) by June 15, 2021. If the plan is accepted by Nasdaq, then Nasdaq can grant the Company up to 180 calendar days from the due date of the Form 10-K to regain compliance. About China XD Plastics Company Limited China XD Plastics Company Limited, through its wholly-owned subsidiaries, develops, manufactures, and sells polymer composites materials, primarily for automotive applications. The Company’s products are used in the exterior and interior trim and in the functional components of 31 automobile brands manufactured in China, including without limitation, Audi, Mercedes Benz, BMW, Toyota, Buick, Chevrolet, Mazda, Volvo, Ford, Citroen, Jinbei, VW Passat, Golf, and Jetta. The Company’s wholly-owned research center is dedicated to the research and development of polymer composites materials and benefits from its cooperation with well-known scientists from prestigious universities in China. As of March 31, 2021, 688 of the Company’s products have been certified for use by one or more of the automobile manufacturers in China. For more information, please visit the Company’s English website at http://chinaxd.irpass.com/, and the Chinese website at http://www.xdholding.com. Contacts:China XD Plastics Co., Ltd. Mr. Taylor Zhang, CFO Phone: +1 (212) 747-1118Email: cxdc@chinaxd.net

  • Specialty Chemical Company China XD Plastics Receives NASDAQ Notice on Late Filing of its Form 10-K
    GlobeNewswire

    Specialty Chemical Company China XD Plastics Receives NASDAQ Notice on Late Filing of its Form 10-K

    HARBIN, China, April 22, 2021 (GLOBE NEWSWIRE) -- 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 that it has received a Notice from the NASDAQ Stock Market on April 16, 2021 notifying the Company that, because its Form 10-K for the fiscal year ended December 31, 2020 (the "2020 10-K") was not filed with the Securities and Exchange Commission by the required due date of March 31, 2021 and the extended filing date of April 15, 2021, the Company is therefore not in compliance with the periodic filing requirements for continued listing set forth in NASDAQ Listing Rule 5250(c)(1). The delay of filing the Company’s 2020 10K was primarily due to lockdown ordered by the local government in response to the resurgence of COVID-19 outbreak early this year in Heilongjiang province, where the executive office and group accounting staff is based. As a result, the Company’s audit process has been interrupted. The Company has resumed operation since February 25, 2021 and is working with its auditor to complete necessary process and preparation of the 2020 10-K. In the Notice, Nasdaq indicated that the Company has 60 calendar days from the date of the Notice to submit a plan to regain compliance with Nasdaq’s continued listing requirements. If such a plan is timely submitted by the Company, the Nasdaq staff may grant the Company up to 180 calendar days from the due date of the Form 10-K, or until October 12, 2021, to regain compliance. About China XD Plastics Company Limited China XD Plastics Company Limited, through its wholly-owned subsidiaries, develops, manufactures and sells polymer composites materials, primarily for automotive applications. The Company's products are used in the exterior and interior trim and in the functional components of 31 automobile brands manufactured in China, including without limitation, Audi, Mercedes Benz, BMW, Toyota, Buick, Chevrolet, Mazda, Volvo, Ford, Citroen, Jinbei and VW Passat, Golf, Jetta, etc. The Company's wholly-owned research center is dedicated to the research and development of polymer composites materials and benefits from its cooperation with well-known scientists from prestigious universities in China. As of December 31, 2020, 688 of the Company's products have been certified for use by one or more of the automobile manufacturers in China. For more information, please visit the Company's English website at http://chinaxd.irpass.com/, and the Chinese website at http://www.xdholding.com. Safe Harbor Statement This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the Company’s growth potential in international markets; the effectiveness and profitability of the Company’s product diversification strategy; the impact of the Company’s product mix shift to more advanced products and related pricing policies; the effectiveness, profitability, and the marketability of the Company’s ongoing mix shift to more advanced products; the prospect of the Company’s facilities in various regions. These forward-looking statements can be identified by terminology such as “will,” “expect,” “project,” “anticipate,” “forecast,” “plan,” “believe,” “estimate” and similar statements. Forward-looking statements involve inherent risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, the global economic uncertainty, the fluctuation in automotive sales and productions, the development of Company’s expansion plans, the slowdown of China’s automotive industry, the concentration of the Company’s distributors, customers and suppliers, and other risks detailed in the Company’s filings with the Securities and Exchange Commission and available on its website at http://www.sec.gov. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results. Contacts: China XD Plastics Co., Ltd.Mr. Taylor Zhang, CFO (New York)Phone: +1 (212) 747-1118Email: cxdc@chinaxd.net

  • Newsfile

    Squitieri & Fearon LLP Files Class Action Suit Against China XD Plastics Company Limited

    New York, New York--(Newsfile Corp. - March 2, 2021) - Squitieri & Fearon LLP today announced that it filed a class action seeking to represent stockholders of China XD Plastics Company Limited ("China XD") (NASDAQ : CXDC) who purchased their stock before September 30, 2020 (the "Class Period"). This action was filed in the Eastern District of New York and is captioned Joshua Schmitt, Individually and on Behalf of All Others Similarly Situated v. ...