China XD Plastics Company Limited announced unaudited consolidated earnings results for the first quarter March 31, 2019. For the quarter, the company reported revenues of USD 301,466,007 compared to USD 310,453,033 a year ago. Operating income was USD 31,214,277 compared to USD 38,891,540 a year ago. Net income was USD 10,980,715 compared to USD 19,099,901 a year ago. Basic earnings per was USD 0.16 compared to USD 0.29 a year ago.

The company reiterates its financial guidance for fiscal 2019 to range USD 1.3 and USD 1.6 billion in revenue,  net income to range between USD 90 and USD 110 million. It also assumes the average exchange rate of the US dollar to RMB at 6.8. This financial guidance reflects the company's current view of its business outlook for fiscal 2019 and is subject to revision based on changing market conditions at any time.