China XD Plastics Co (China XD Plastics Co) Net Income : $-182 Mil (TTM As of Dec. 2020)

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What is China XD Plastics Co Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. China XD Plastics Co's Net Income for the three months ended in Dec. 2020 was $-150 Mil. Its Net Income for the trailing twelve months (TTM) ended in Dec. 2020 was $-182 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. China XD Plastics Co's Earnings per Share (Diluted) for the three months ended in Dec. 2020 was $-2.13.

China XD Plastics Co Net Income Historical Data

The historical data trend for China XD Plastics Co's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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China XD Plastics Co Net Income Chart

China XD Plastics Co Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Net Income

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101.61

31.62

68.31

3.06

-181.80

China XD Plastics Co Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
Net Income	Get a 7-Day Free Trial															-65.00	-11.04	17.58	-38.23	-150.11

China XD Plastics Co Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

China XD Plastics Co's Net Income for the fiscal year that ended in Dec. 2020 is calculated as

	Net Income		(A: Dec. 2020 )
=	Pre-Tax Income	+	Tax Provision	+	Net Income (Discontinued Operations)	+	Others
=	-175.941	+	-5.76	+	0	+	-0.101
=	-182

China XD Plastics Co's Net Income for the quarter that ended in Dec. 2020 is calculated as

	Net Income		(Q: Dec. 2020 )
=	Pre-Tax Income	+	Tax Provision	+	Net Income (Discontinued Operations)	+	Others
=	-145.033	+	-5.132	+	0	+	0.057999999999993
=	-150

Net Income for the trailing twelve months (TTM) ended in Dec. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $-182 Mil.

China XD Plastics Co (OTCPK:CXDC) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

China XD Plastics Co's Earnings per Share (Diluted) (EPS) for the quarter that ended in Dec. 2020 is calculated as

Earnings per Share (Diluted) (Q: Dec. 2020 )	=	(Net Income	-	Preferred Dividends)	/	Shares Outstanding (Diluted Average)
	=	(-150.107	-	0)	/	70.549
	=	-2.13

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.

Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.

China XD Plastics Co Net Income Related Terms

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China XD Plastics Co (China XD Plastics Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » China XD Plastics Co Ltd (OTCPK:CXDC) » Definitions » Net Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 9 Dalian North Road, Haping Road Centralized Industrial Park, Harbin Development Zone, Heilongjiang, CHN, 150060

Website

http://www.chinaxd.net

China XD Plastics Co Ltd manufactures special plastic material that is used for automobiles. Its product offering includes automobile exteriors, interiors and other components such as air conditioner casing, heating and ventilation casing, engine covers and air ducts which marketed are predominantly sold in China.

Executives

Dahe Zhang	director, officer: Chief Financial Officer	500 5TH AVENUE, SUITE 4120, NEW YORK NY 10110
Jie Han	director, 10 percent owner, officer: Chief Executive Officer	NO 9 QINLING RD, YINGBIN RD, CENTRALIZED IND PARK, HARBIN DEVELP CTR HEILONGJIANG F4 150078
Qingwei Ma	officer: Chief Operating Officer	NO 9 QINLING RD, YINGBIN RD, CENTRALIZED IND PARK, HARBIN DEVELP CTR HEILONGJIANG F4 150078
Faith Dawn Ltd	10 percent owner	NO. 9 DALIAN NORTH ROAD HAPING ROAD CENTRALIZED INDUSTRIAL PARK HEILONGJIANG PROVINCE F4 00000
Faith Abundant Ltd	10 percent owner	NO. 9 DALIAN NORTH ROAD HAPING ROAD CENTRALIZED INDUSTRIAL PARK HEILONGJIANG PROVINCE F4 00000
Guanbao Huang	director	NO. 9 DALIAN N RD, HAPING RD CEN IND PK HARBIN DEVELOPMENT ZONE HEILONGJIANG PROVINCE F4 150060
Huiyi Chen	director	NO. 9 DALIAN N RD, HAPING RD CEN IND PK HARBIN DEVELOPMENT ZONE HEILONGJIANG PROVINCE F4 150060
Junjie Ma	officer: Chief Technology Officer	NO 9 QINLING RD, YINGBIN RD, CENTRALIZED IND PARK, HARBIN DEVELP CTR HEILONGJIANG F4 150078
North Haven Private Equity Asia Iii, L.p.	10 percent owner, other: See Explanation of Responses	1585 BROADWAY NEW YORK NY 10036
North Haven Private Equity Asia Employee Investors Iii, L.p.	10 percent owner, other: See Explanation of Responses	1585 BROADWAY NEW YORK NY 10036
Ms Holdings Inc	10 percent owner, other: See Explanation of Responses	1585 BROADWAY NEW YORK NY 10036
Morgan Stanley Private Equity Asia Iii Holdings (cayman) Ltd	10 percent owner, other: See Explanation of Responses	C/O WALKERS CORPORATE SERVICES LIMITED WALKER HOUSE, 87 MARY STREET GEORGE TOWN, GRAND CAYMAN E9 KY1-9005
Morgan Stanley Private Equity Asia Iii, L.l.c.	10 percent owner, other: See Explanation of Responses	1585 BROADWAY NEW YORK NY 10036
Morgan Stanley Private Equity Asia Iii, Inc.	10 percent owner, other: See Explanation of Responses	1585 BROADWAY NEW YORK NY 10036
Mspea Modified Plastics Holding Ltd	10 percent owner, other: See Explanation of Responses	C/O WALKERS CORPORATE SERVICES LIMITED WALKER HOUSE, 87 MARY STREET GEORGE TOWN, GRAND CAYMAN E9 KYI-9005