Three large carbon black companies in the first three quarters of performance competition

As of October 23, the three large domestic carbon black listed companies all disclosed their operating conditions in the first three quarters of 2018. The operating income of the three carbon black companies during the reporting period and the net profit attributable to shareholders of the listed company were Achieved a substantial increase in the same direction, China Rubber Network will be consolidated as follows.

Jiangxi Black Cat Co., Ltd. said that the price of its main carbon black products in the first three quarters increased year-on-year, while the relationship between supply and demand of downstream enterprises remained good. At the same time, it was expected to be positively affected by the exchange rate of RMB against the US dollar. The profitability is better than the previous year.

The company expects its net profit of 2018 will increase by 2.96%~11.28% compared with 481 million yuan in the previous year, reaching 495 million yuan to 535 million yuan.

Longxing Chemical Co., Ltd. mentioned that due to the impact of international crude oil and environmental protection, the prices of raw materials produced by carbon black manufacturers in the first three quarters increased significantly, but the corresponding sales prices of carbon black products were also steadily increased. The company's gross profit remained stable.

The company expects its net profit of 2018 will increase by 120.18%~160.21% compared with the previous year's 50 million yuan, reaching 110 million yuan to 130 million yuan.

Yongdong Chemical Co., Ltd. said that its downstream sales market continued to improve during the reporting period, with both sales volume and price increasing. The profit items in the first three quarters increased significantly.

The company expects its net profit of 2018 will increase by 19.47% to 40.81% compared with 234 million yuan in the previous year, reaching 280 million yuan to 340 million yuan.