© Si Xianchao

As of October 23, three major domestic listed companies of carbon black had disclosed their state of operation for the first three quarters, which showed that both the operating revenue and the net profits attributable to share-holders of listed company of these three carbon black companies grew significantly within the report period. 

According to Jiangxi Black Cat Carbon Black Co., Ltd., in the first three quarters, the price of its main product, carbon black, increased year-on-year and good supply and demand relationship was maintained with downstream companies. Meanwhile, with positive impact from the exchange rate of RMB against the US dollar, the full-year earnings were expected to be better than that of the preceding year. It is predicted by the company that its net profits attributable to shareholders of listed company in 2018 would increase by 2.96%~11.28% to 495 Million Yuan~535 Million Yuan from 481 Million Yuan in the preceding year.

Longxing Chemical Stock Co, Ltd. mentioned that in the first three quarters, the price of raw materials for carbon black production grew considerably due to the international crude oil and production restriction for environmental protection, but as the price of carbon black products was also stably raised correspondingly, its gross profits remained stable during the report period. It is predicted by the company that its net profits attributable to shareholders of listed company in 2018 would increase by 120.18%~160.21% to 110 Million Yuan~130 Million Yuan from 50 Million Yuan in the preceding year. 

According to Shanxi Yongdong Chemistry Industry Co., Ltd., with the downstream sales market continuing to develop well and both the sales volume and price having raised in the report period, its profits in the first three quarters increased sharply. It is predicted by the company that its net profits attributable to shareholders of listed company in 2018 would increase by 19.47%~40.81% to 280 Million Yuan~330 Million Yuan from 234 Million Yuan in the preceding year.  

Main business data of the three listed companies of carbon black in the first three quarters

Unit: 100 Million Yuan