Amid fluctuations in raw material prices, the two major carbon black giants are forecast to have a profit and a loss in the semi-annual performance.

Recently, Black Cat and Yongdong have successively disclosed their performance forecasts for the first half of 2024, both showing significant performance improvement trends.

Black Cat shares are expected to reduce losses in the first six months of 2024. Specifically, the net profit attributable to shareholders of listed companies is expected to be between-60 million yuan and-42 million yuan, a growth rate of 74.56% to 82.19% compared with the same period last year. Black Cat attributed this to the large fluctuations in the price of coal tar, the main raw material for production, which led to changes in the price of carbon black products. By flexibly adjusting its operating strategies and strictly controlling inventory levels, it ensured the stable and efficient operation of the production line, making the main product The production and sales volume of carbon black achieved double growth, which in turn successfully narrowed the loss in the first half of the year.

At the same time, Yongdong's performance is expected to turn around. According to the announcement, Yongdong expects that the net profit attributable to shareholders of listed companies in the first half of 2024 will reach between 45 million yuan and 55 million yuan. Compared with the same period last year, this figure has achieved an astonishing leap, with a year-on-year increase of up to 1138.81% to 1369.65%.

The company said that this performance reversal was mainly due to the linkage between carbon black product prices and raw material prices, and the trends were generally similar. Affected by the overall decline in the market price of raw material coal tar and high-cost inventories at the beginning of the period, the company's operating costs were high in the first half of 2023, resulting in a loss in performance. However, in the first half of this year, although the prices of raw materials, coal tar and major products fluctuated, they generally showed an upward trend, allowing the company to obtain relatively reasonable profits. Compared with the poor performance in the same period last year, Yongdong's performance this year has improved significantly.