DALIAN, China (AP) _ China XD Plastics Co. (CXDC) on Thursday reported first-quarter profit of $19.1 million.
The Dalian, China-based company said it had profit of 29 cents per share.
The maker of plastics used in automobiles posted revenue of $310.5 million in the period.
China XD expects full-year revenue in the range of $1.2 billion to $1.4 billion.
The company's shares closed at $3.95. A year ago, they were trading at $4.95.