In 2019, Jiangxi Blackcat Carbon Black Inc., Ltd. saw first loss in 20 years since its foundation, according to the review meeting convened by this company on January 8.

According to reports, Blcakcat failed to reach its core profit target in 2019 was not only due to the macro cause of market, but also the internal problems of the company. Wang Yao, the chairman of the Group, said that Blackcat had achieved good results in such aspects as special carbon black, white carbon black, fine chemicals, imports and exports as well as safety and environmental protection, but it also had some shortcomings. As a result, Blackcat would carry out its work based on the following five aspects in 2020. Firstly, it is to strengthen the linkage between supply and marketing and to conduct the price difference assessment. Secondly, it is to optimize the evaluation system and to strengthen the internal regulation and control comparing with dominant enterprises. Thirdly, it is to quicken the step of diversity. Fourthly, it is to optimize and adjust the capacity layout. Fifthly, it is to reinforce the training and management of leaders and develop young leaders.