Black Cat's operating income in the first half of the year was approximately 4.423 billion yuan, a year-on-year decrease of 4.98%

Jiangxi Black Cat Carbon Black Co., Ltd.(hereinafter referred to as Black Cat) released its first half of 2023 results report. The report shows that in the first half of this year, Black Cat's operating income was approximately 4.423 billion yuan, a decrease of 4.98% compared with the same period last year. At the same time, net profit attributable to shareholders of listed companies also suffered a loss, with a loss of 236 million yuan, and basic earnings per share was a loss of 0.3213 yuan.

Regarding the reasons for this decline in performance, Black Cat Co., Ltd. said that in the first quarter, coal tar remained at a high level, and demand in the downstream market was weak in the off-season, resulting in a decline in gross profit; in the early part of the second quarter, coal tar prices fell sharply, driving the price of carbon black products fell. Due to the digestion of high-priced inventory raw materials and products, gross profit fell month-on-month.

Black Cat Co., Ltd. is a company focusing on the production and sales of products such as carbon black, tar refining and white carbon black. Among them, carbon black products are the main business, accounting for more than 80% of the company's products. Since 2004, Black Cat has always maintained its leading position in China's carbon black industry, and basically completed China's production capacity layout in 2013, making its production capacity rank among the top of the world's carbon black companies. At present, Black Cat's annual carbon black production capacity has reached 1.14 million tons.